Thursday, November 21, 2024

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Magazines 

After 18 Months of Dramatic Turns, Hydro One-Avista Merger Deal Officially Dead

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Credit to Author: Sonal Patel| Date: Thu, 24 Jan 2019 00:33:47 +0000

Hydro One, Ontario’s largest transmission and distribution provider, and Spokane, Washington–based U.S. utility Avista Corp., have dropped their merger, citing separate denials of the $5.3 billion deal by regulators in Washington and Idaho. The companies said on Jan. 23 they “mutually agreed” to terminate a merger agreement they announced in July 2017. As required by […]

The post After 18 Months of Dramatic Turns, Hydro One-Avista Merger Deal Officially Dead appeared first on POWER Magazine.

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Magazines 

Nation’s Oldest Independent Coal Producer Files Bankruptcy

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Colorado-based Westmoreland Coal Co. on October 9 said it had filed for Chapter 11 bankruptcy, with the company reporting more than $1.4 billion in debt. The company in its annual financial report in April of this year said it was considering bankruptcy in an effort to protect it from creditors. Westmoreland, which has operated for […]

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