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Hydro One to pay $103 million break fee after merger with Avista called off

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Regulators against union because of concerns of Ontario political interference

 

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King Dougie 👑 is racking up costs from contract penalties and lawsuits in the order of hundreds of millions of dollars. His interference in Hydro One is what caused the Avista deal to fall apart. Then there's the $100-million penalty for cancelling the White Pines wind project.

who writes these contracts?

Can't really blame the US here. I don't trust DougFord either.

Ford should be paying this not the ppl of Ontario. fordnation

Seems like something the CEO could afford to pay on his own

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Hydro One and Avista call off mergerHydro One and Avista Corp. say they have agreed to cancel their merger after regulators in Washington state and Idaho shot down the deal. That's all we need more mergers. Monopoly should be restricted to the boardgame Open for business. yea, tanking a merger that would have increased profits AND forcing a $103M penalty was a slick business move. That oughta helps rates. 👍 Thanks TheRealDougFord VictorFedeli
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