“Washington State regulators have rejected Hydro One’s proposed takeover of Avista Corp. citing political interference in the Ontario-based utility by the Doug Ford government.
The Washington Utilities and Transportation Commission (UTC) said the $6.7-billion deal was not in the public interest because it was “evident” that decisions impacting Hydro One were influenced by “political considerations” following Ford forcing the retirement of Hydro One CEO Mayo Schmidt.
The scuppered deal will result in Hydro One paying a $103 million kill fee.”
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