Alaska Commission Rejects Canadian Firm’s Offer for Utility
JUNEAU, Alaska (AP) — Alaska’s utility regulator has turned down a Canadian firm’s offer to take over Alaska Electric Light and Power citing a legal technicality.
The Juneau Empire reported Sunday that the Regulatory Commission of Alaska denied Ontario-based Hydro One’s application to acquire the electric utility company.
The move came after the commissioners rejected an argument by Hydro One that it was exempt from rules requiring it to show proof that, as a foreign corporation, it can do business in Alaska since it planned to managed the Juneau utility through its parent company, Avista, based in Washington, which is turn is run through a Delaware-based LLC.
Alaska Electric Light and Power Vice President and spokeswoman told the newspaper in an email that Hydro One plans to refile the request.
Related News
From Archive
- NTSB publishes preliminary report on fatal gas pipeline explosion in Lexington, Mo.
- 290-mile gas pipeline expansion proposed across Georgia, Alabama and South Carolina
- Ripple Fiber breaks ground on $140 million project, expanding into central Mass.
- City of Albuquerque halts fiber optic construction in response to damage, complaints
- Body retrieved day after fatal trench collapse at Bakersfield, Calif., job site
- Gehl and Mustang offer world’s largest skid loader
- Growing Pains and Gains
- Authorities investigating trench collapse that killed worker in Ashburn, Va.
- City of Albuquerque halts fiber optic construction in response to damage, complaints
- Pasadena, Calif., undergrounding project could take 500 years to finish
Comments