utility in a $6.7-billion deal being touted as a win by the Ontario government, which owns 49 per cent of the transmitter.
utility in a $6.7-billion deal being touted as a win by the Ontario government, which currently owns 49 per cent of the transmitter.
The Toronto-based company, the majority of which Premier Kathleen Wynne sold off to bankroll transportation infrastructure, announced Wednesday it was purchasing Avista, which operates in Washington state, Oregon, Idaho, Montana, and Alaska.
Pacific Northwest which is experiencing customer and economic growth.” It will have no effect on electricity rates in the province, which are regulated by the independent Ontario Energy Board.
Avista, which is based in Spokane, Washington, operates power plants fuelled by hydro, wind, biomass and coal.