Idaho Power plan to sell facilities gets hearing
The state Public Utilities Commission will consider approval of Idaho Power's plan to sale more than a mile of electrical feeder line and about 30 power poles located in southern Owyhee County at a January 12 meeting.
If approved, the agreement will complete a purchase the member-owned cooperative began in 2001, buying distribution facilities Idaho Power previously used to serve its customers in northern Nevada.
Raft River Electric, with customers in both states and Utah, now wants to acquire a small portion of the electric distribution line that fell on the other side of the Nevada state border, in Idaho.
Idaho Power is a subsidiary of IdaCorp Inc.
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Hydro One reports $1.1B Q2 profit boosted by one-time gain due to court ruling
TORONTO - Hydro One Ltd. reported a second-quarter profit of $1.1 billion, boosted by a one-time gain related to a court decision.
The power utility says it saw a one-time gain of $867 million in the quarter due to an Ontario court ruling on a deferred tax asset appeal that set aside an Ontario Energy Board decision.
Hydro One says the profit amounted to $1.84 per share for the quarter ended June 30, up from $155 million or 26 cents per share a year earlier.
On an adjusted basis, it says it earned 39 cents per share for the quarter, up from an…
