Member of Great Falls' utility resigns
John Gilbert, a board member of Electric City Power, said he resigned because doctors found a tumor in his bladder. He said he underwent surgery two weeks ago for what he called a treatable and non-life-threatening condition, but given his state, he would not have time to continue serving on the advisory board.
Board meetings for Electric City Power have drawn criticism, in part, because of the city's involvement in a proposed coal-fired power plant east of Great Falls. Power plant developers now may build a natural gas-fired power plant instead after environmental groups protested.
The city's efforts to sell public power also prompted some criticism from residents.
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Hydro One shares jump 5.7 per cent after U.S. regulators reject $6.7B takeover
TORONTO - Opposition politicians may not like it but investors are applauding the rejection of Hydro One Ltd.'s $6.7-billion takeover of U.S.-based utility Avista Corp.
Shares in the power company controlled by the Ontario government closed at $21.53, up $1.16 or 5.7 per cent, on the Toronto Stock Exchange on Thursday.
On Wednesday, Washington State regulators said they would not allow Ontario's largest utility to buy Avista for fear the provincial government, which owns 47 per cent of Hydro One's shares, might meddle in Avista's operations.
Financial analysts had predicted investors would welcome the news because the deal, announced in July 2017, would…
