| Hydro One Limited - H.t is one of North America's largest electricity delivery companies in geographic scope and asset value. The company's core businesses earn stable, regulated returns which accounted for almost all of the $747 million in net income earned in 2014. |  |
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Hydro One to Acquire Avista to Create Growing North American Utility Leader with C$31.2 Billion in Enterprise Value
Hydro One Limited ("Hydro One") (TSX: H) and Avista Corporation ("Avista") (NYSE: AVA) today jointly announced a definitive merger agreement ("Agreement") under which Hydro One will acquire Avista for C$67 (US$53) per share in a C$6.7 billion (US$5.3 billion) all-cash transaction. Together, Hydro One and Avista will create a North American leader in regulated electricity and natural gas business with over C$32.2 billion (US$25.4 billion) in combined assets.
   
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