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US: Hydro One and Avista receive antitrust clearance for energy merger

By  |  April 8, 2018

Energy companies Hydro One Limited and Avista Corporation announced Friday, April 6, that the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, for the merger of the two companies expired on Thursday, April 5, 2018 at 11:59 p.m.

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    This expiration of the waiting period means that the parties have received antitrust clearance for their proposed merger and satisfies one of the closing conditions of the transaction.

    Applications for regulatory approval of the transaction are still pending with utility commissions in Washington, Idaho, Oregon, Montana and Alaska. An all-party, all-issues settlement agreement was filed with the Washington Utilities and Transportation Commission on March 27. An all-party, all-issues settlement agreement was also filed with the Regulatory Commission of Alaska on April 3.

    Approval must still be obtained from the Federal Communications Commission. Also required is clearance by the Committee on Foreign Investment in the United States, as well as the satisfaction of other customary closing conditions.

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