The proposed merger between the parent company of Juneau’s power utility and a Canadian power company is dead. That’s according to Hydro One and Avista, who announced Wednesday they had terminated the deal.
The City and Borough of Juneau will petition state regulators for a seat at the table as it reviews Alaska Electric Light & Power’s acquisition by Hydro One of Canada. The Juneau Assembly unanimously approved $75,000 in legal fees to make its case to the Regulatory Commission of Alaska.
The president of Juneau’s electric utility announced on Wednesday that he’s retiring after 34 years.