Energy Minister and Hydro One battle over CEO compensation
By Travis Dhanraj Queen’s Park Bureau Chief
Energy Minister Greg Rickford is asking Hydro One to reduce a proposal to pay its next CEO up to $2,775,000 per year. Continue reading
Hydro One
Ontario government promises ‘action’ if Hydro One doesn’t cut proposed CEO pay
Energy Minister Greg Rickford says the provincial cabinet was “profoundly disappointed” by the utility’s proposed compensation framework. Continue reading
Hydro One and Avista call off merger, citing Washington and Idaho rejections
Under the terms of the merger agreement, Hydro One must now pay Avista US$103 million in termination fees. Continue reading
Peterborough’s new council makes no move to scrap PDI sale to Hydro One
By Jesse Thomas Videographer
After Monday night’s general committee meeting saw a report and update on the state of the sale, not one councillor or the mayor pushed for a motion to kill the deal. Continue reading
Peterborough council to get update regarding PDI sale to Hydro One
By Jesse Thomas Videographer
Peterborough council to get update on the state of the PDI sale to Hydro One Continue reading
Washington State regulator denies bid to reconsider Hydro One-Avista deal
The Washington Utilities and Transportation Commission said Tuesday it will take no action on the request, which was made after regulators found last month that the $6.7-billion planned merger would not sufficiently safeguard Avista customers from the whims of Ontario’s provincial government – Hydro One’s largest shareholder. Continue reading
Washington State regulator denies request to reconsider Hydro One-Avista deal
The Washington Utilities and Transportation Commission says it will take no action on the request. Continue reading
Idaho joins Washington state in denying Hydro One’s takeover of Avista
The Idaho Public Utilities Commission has joined Washington state’s regulator in denying the proposed takeover of Avista Corp. by Ontario-based Hydro One Ltd. Continue reading
Filing by Hydro One and Avista says Washington State regulator erred; request rehearing
If a rehearing is granted, Hydro One and Avista requested expedited proceedings that conclude by the end of January, two months before the March 29 closing deadline in the merger agreement and subsequent expiration of Hydro One’s funding for the transaction. Continue reading
Hydro One, Avista to request Washington State regulator to reconsider order denying acquisition
Washington State regulators said they would not allow Ontario’s largest utility to buy Avista for fear the provincial government, which owns 47 per cent of Hydro One’s shares, might meddle in Avista’s operations. Continue reading