HomeMy WebLinkAbout20180126Avista to Staff_DR_136(H1).docx
HYDRO ONE LIMITED
RESPONSE TO REQUEST FOR INFORMATION
JURISDICTION:OREGONDATE PREPARED:10/02/2017
CASE NO.:UM 1897WITNESS:Chris Lopez
REQUESTER:PUC StaffRESPONDER:Adele PantusaTYPE:Data RequestDEPT:Law
REQUEST NO.:Staff – 136(H1)TELEPHONE:(416) 345-6310EMAIL:apantusa@hydroone.comREQUEST:Please explain what non-recourse reserve dollars or assets are dedicated to and set aside, if any, to guarantee Avista credit ratings, certainty of liquidity, access to financial markets, and attractiveness as a contractual counterparty that does not require other financial guarantees. To place this question in context, please consider, Berkshire Hathaway, Inc.’s US$1 billion guarantee in MidAmerican Energy’s 2005 acquisition of PacifiCorp from Scottish Power plc.RESPONSE:At this time no assets are dedicated or set aside for this purpose.