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HomeMy WebLinkAbout20180910Supplemental Report.pdfAvista Corp. l4l I East Mission P.O.Box 3727 Spokane. Washington 99220-0500 Telephone 5 09-489-0500 Toll Free 800-727-9170 Via Electronic and Overnight Mail September 7,2078 Commission Secretary Idaho Public Utilities Commission 472W. Washington St. Boise, ID 83702 RE: Case Nos. AVU-E-17-09 and AVU-G-17-05 Enclosed for filing in the above-referenced Case Nos. are an original and 7 copies of the Report on Hydro One Management Changes. A service list is attached, with the parties receiving a complete electronic copy of this filing. If you have any questions, please do not hesitate to contact David Meyer on behalf of Avista Corporation at 509-495-4316 or david.meyer@avistacorp.com or Liz Thomas on behalf of Hydro One Limite d, at 206-37 0-7 63 I or liz.thomas@klgates.com. Sincerely t\te6 {A%rfl y'r-!m ()em &=qP(f (,1(Jr , :], :-tu, / David Vice President and Chief Counsel for Regulatory and Govemmental Affairs Enclosures zA\ttsra '4 CERTIFICATE OF SERVICE I HEREBY CERTIFY that t have this 7th day of September,2018, served the foregoing Report and Motion regarding an Update on Recent Events in the Merger Case Nos. AVU-E-17-09/AVU-G-17-05, upon the following parties, by sending a copy via electronic mail: Diane Hanian, Secretary ldaho Public Utilities Commission 472 W. Washington Street Boise, lD 83720-5983 diane. hanian@puc. idaho.oov Brandon Karpen Deputy Attorneys General ldaho Public Utilities Commission 472W. Washington Boise, lD 83720-0074 bra ndon. karpen@puc- idaho.qov Danielle Franco-Malone Schwerin Campbell Barnard lglitzin & Lavitt LLP 18 W. Mercer St., Suite 400 Seattle, WA 98119 franco@workerlaw.com Larry Crowley The Energy Strategies lnstitute, lnc. 5549 S. Cliffsedge Ave Boise, lD 83716 crowlevla@aol.com Dr. Don Reading 6070 Hill Road Boise, lD 83703 dreadino@mindsprinq. com Norman M. Semanko Parsons Behle & Latimer 800 West Main Street, Suite 1300 Boise, lD 83702 NSemanko@parsonsbeh le.com ecf@parsonsbehle.com Brad M. Purdy Attorney at Law 2019 N 17th Street Boise, lD 83702 bmpurdv@hotmail.com Peter J. Richardson Richardson Adams PLLC 515 N. 27th Street Boise, lD 83702 peter@richardsonadams. com Ronald L. Williams Williams Bradbury, P.C. P. O. Box 388 802 W. Bannock, Suite LP 100 Boise, lD 83702 ron@williamsbradburv. com Ben Otto ldaho Conservation League 710 N. 6th St. Boise, lD 83702 botto@idahoconservation. oro Dean Miller 3620 E Warm Springs Ave Boise, lD 83716 Deanimiller@cableone. net Paul Kimball Sr. Regulatory Analysist Hf:C[:IVED David J. Meyer Chief Counsel for Regulatory and Governmental Affairs Avista Corporation 1411 E. Mission Ave., MSC-27 Spokane, WA 99220-3727 David. meyer@avistacorp. com Elizabeth rhomas, piiiiif.t -p l0 fl.i{ B, 55 Kari Vander Stoep, Partner t"i ;iK&L Gates LLP r,. i: ; ;iliSl0t,i On Behalf of Hydro One Limited Olympus Equity LLC 925 Fourth Avenue, Suite 2900 Seattle, WA 98104-l158 Liz.thomas@kl gates. com kari.vanderstoep@kl gates. com BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION In the Matter of the Joint Application of HYDRO ONE LIMITED (acting through its indirect subsidiary Olympus Equity LLC) CASE NOS. AVU-E-17-09 AVU-G-17-05 and SUPPLEMENTAL REPORT ON HYDRO ONE MANAGEMENT CHANGESAVISTA CORPORATION For an Order Authorizing Proposed Transaction I As required by the Idaho Public Utilities Commission's (the "Commission") July 20, 2018, Order No. 34111 ("July 20th Order"), Hydro One Limited ("Hydro One") provides this Supplemental Report on Hydro One Management Changes. SUPPLEMENTAL REPORT ON HYDRO ONE MANAGEMENT CHANGES - I 501 81 6739 v2 2 On September 7,2018, Hydro One announced that Thomas Woods has been appointed as the new Chair in a unanimous vote by the company's Board of Directors. He had served as interim Chair since August 14,2018. Hydro One also announced on September 7,2018 the appointment of Chris Lopez as Acting CFO effective September 6,2018. Paul Dobson will continue in his role as the company's Acting President and CEO. Hydro One's SEC filing and press releases are attached.3 DATED: September 7, 2018 K&L GATES, LLP (L tt g4,t" J [.'{,a BY Elizabeth Thomas, Partner (admitted pro hac vice) Kari Vander Stoep, Partner (admitted pro hac vice) K&L Gates LLP On Behalf of Hydro One Limited Olympus Equity LLC 925 Fourth Avenue, Suite 2900 Seattle, WA 98104-1158 Liz.thomas@kl gates. com kari.vanderstoep@kl gates.com AVISTA CORPORATION ISB No. 8317 Chief Counsel for Regulatory and Governmental Affairs Avista Corporation l4l I E. Mission Ave., MSC-27 Spokane, WA 99220-3727 David. meyer@avistacorp. com I i BY: SUPPLEMENTAL REPORT ON HYDRO ONE MANAGEMENT CHANGES - 2 501 81 6739 v2 I 9t712018 6-K I d596l59d6k.htm 6-K 6-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C.20549 FORM 6.K REPORT OF FOREIGN PRIVATE ISSI"IER Pursuant to Rule l3a-16 or l5d-16 under the Securities Exchange Act of 1934 For the month of: September 201E Commission File Number: 001-36115 HYDRO ONE INC. (Translation of Registrant's name into Inglish) 483 Bay Streel, South,8th Floor, Toronto Ontario M5G 2P5 Canada (Add16! ot principrl exeutive offic€!) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F tr Form 40-F E lndicate by check mark ifthe registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule l0l(bXl): tr lndicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule I 0 I (b)(7): tr https://www.sec.gov/Archives/edgaildatal1114445l000'11931251 8268855/d596159d6k.htm 1t3 9t7t2018 6-K SIGNATURE Pursuant to the requirements ofthe Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on tts behalfby the undersigned, thereunto duly authorized. HYDRO ONE INC. /s/ James Scarlett Name: James Scarlett Title: Chief Legal Officer Date: September 7,2018 https://wwwsec.gov/Archives/edgaildalal1114445l0001 1 931 251 8268855/d5961 59dOk.hlm 2t3 9t712018 6-K EXHIBfI INDEX Hydro One Limited news release dated September 7,2018 regarding appointment ofChair. Hydro One Limited news release dated September 7,2018 regarding appointment ofActing ChiefFrnancial Officer. 99. I 99.2 https://www.sec.gov/Archives/e dgaildalal111444510001 1 931 251 8268855/d5961 59d6k.htm 3/3 9nt2018 EX-99. I 2 d596 I 59dex99 Lhtm EX-99. I EX-9S.1 Exhibit 99.1 news re eose Tom Woods announced as Chair of Hydro One Board of Directors TORONTO, September 7 , 2018 - Hydro One Limited ("Hydro One"), Ontario's largest electricity transmission and distribution company, today announced that Tom Woods has been appointed as the new Chair in a unanimous vote by the company's Board of Directors. Mr. Woods had served as rnterim Chair since August 14 until the company's Directors convened to appoint a Chair. "l am honoured to serve as Chair of a great company with tremendous opportunity,' said Tom Woods, Chair of the Board, Hydro One. "The Board and I are completely aligned in our support of a strong and vibrant Hydro One with a focus on system reliability and a commitment to continuous improvement for the benefit of customers, employees, shareholders and the communities we serve. We look forward to enabling the company to reach its full potential.' Mr. Woods spent his entire career at CIBC where he served as Chief Financial Officer, Chief Risk Offlcer and Vice Chairman. He is a Director on the Boards of Bank of America Corporation and AIMCo and is the Chair of the Board at Providence St. Joseph's St. Michael's Health Care. "On behalf of the thousands of skilled and dedicated Hydro One employees across the province, I welcome Tom as Chair of our Board of Directors," said Paul Dobson, Acting President and CEO, Hydro One. "As a highly-regarded business leader, Hydro One and the Board will benefit from Tom's depth of experience in both management and corporate directorship." More information about Hydro One's leadership and Board of Directors can be found here. About Hydro One: We are Ontario's largest electricity transmission and distribution provider with more than 1.3 million valued customers, over C$25 billion in assets and 2017 annual revenues of nearly C$6 billion. Our team of over 7,400 skilled and dedicated regular and non-regular employees proudly and safely serves suburban, rural and remote communities across Ontario through our 30,000 circuit km of high-voltage transmission and 123,000 circuit km of primary distribution networks. We are one of only six utility companies in Canada to achieve the Sustainable Electricity Company designation from the Canadian Electricity Association. We also provide advanced broadband telecommunications seNices on a wholesale basis utilizing our extensive fibre optic network through Hydro One Telecom lnc. Hydro One Limited's mmmon shares are listed on the Toronto Stock Exchange (TSX: H). For more information about everything Hydro One, please visit www. HydlOQlejglo. Forward-Looking Statements and lnformation: This press release may contain "foruard-looking information" within the meaning of applicable securities laws. Words such as "expect,' 'anticipate," "intend,'"attempt,'"may,"plan,'"will', "can",'believe,'"seek,"'estimate,'and variations of such words and similar expressions are intended to identify such fonvardJooking information. These statements are not guarantees of future performance or actions and involve assumptions and risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ hydrogft* https://www.sec.gov/Archives/edgarldalal1114445l000119312518268855/d5961 59dex99't .htm 1t2 9t712018 EX-99.1 materially from what is expressed, implied or forecasted rn such forward-looking information. Some of the factors that could cause actual results or outcomes to differ materially ftom the results expressed, implied or forecasted by such forward-looking information, including some of the assumptions used in making such statements, are discussed more fully in Hydro One's filings with the securities regulatory authorities in Canada, which are available on SEDAR at UA ru4sCdgLg@. Hydro One does not intend, and it disclaims any obligation, to update any forward-looking information, except as required by law. For further information: lnvestors: Omar Javed, Vlce President, lnvestor Relations investor.relations@hy!rc9!e-Ae!0 4 1 6-345-5943 Media: Jay Armitage, Drrector, Corporate Communications media.relations@hy!rcgle-Ag4 41 6-345-6868 https://www.sec.gov/Archives/edgaildatal111444510001'19312518268855/d596159dexgg1 .htm 2t2 9t7t2018 EX-99.2 3 d596 I 59dex992.htm EX-99.2 EX-99.2 Exhibit 99.2 news releose hydrofn* Hydro One announces appointment of Acting Chief Financial Officer TORONTO, September 7 , 2018 - Hydro One Limited ('Hydro One'), Ontario's largest electricity transmission and distribution company, is pleased to announce the appointment of Chris Lopez as Acting Chief Financial Officer effective September 6, 2018. Paul Dobson will continue in his role as the company's Acting President and Chief Executrve Offlcer Mr. Lopez was most recently the Senior Mce President of Finance at Hydro One with responsibility for accounting, treasury, business planning and tax. Mr. Lopez has 19 years of experience in the utilities industry in Canada and Australia. Before joining Hydro One in 2016, Mr. Lopez held executive roles at TransAlta Corporation. "Chris has signiflcant financial and utilities experience and a proven track record for delivering financial success," said Paul Dobson, Acting President and CEO, Hydro One. "Over the past two years, Chris has distinguished himself as a leader who has been instrumental in securing flnancing at favourable rates and delivering successful productivity programs." More information about Hydro One's leadership can be found lglg. About Hydro One: We are Ontario's largest electricity transmission and distribution provider with more than 1.3 million valued customers, over C$25 billion in assets and 2017 annual revenues of nearly C$6 billion. Our team of over 7,400 skilled and dedicated regular and non-regular employees proudly and safely serves suburban, rural and remote communities across Ontario through our 30,000 circuit km of high-voltage transmission and 123,000 circuit km of primary distribution networks. We are one of only six utility companies in Canada to achieve the Sustainable Electricity Company designation from the Canadian Electricity Association. We also provide advanced broadband telecommunications services on a wholesale basis utilizing our extensive fibre optic network through Hydro One Telecom lnc. Hydro One Limited's common shares are listed on the Toronto Stock Exchange (TSX: H). For more information about everything Hydro One, please v i s it l4/r1ryJlydI9Qle..com. Forward-Looking Statements and lnf ormation : This press release may contain 'foruardJooking information' within the meaning of applicable securities laws. Words such as "expect,' "anticipate,''intend,''attempt,''may,''plan,''will', "can', "believe,''seek,'"estimate,'and variations of such words and similar expressions are intended to identify such fonvard-looking information. These statements are not guarantees of future performance or actions and involve assumptions and risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed, implied or forecasted in such forward-looking information. Some of the factors that could cause actual results or outcomes to differ matenally from the results expressed, implied or forecasted by such forward-looking information, including some of the assumptions used in making such statements, are discussed more fully in Hydro One's filings with the securities regulatory authorities in Canada, which are available on SEDAR at www.sedar.com. Hydro One does not intend, and it disclaims any obligation, to update any foMard-looking information, except as required by law. https://www.sec.gov/Archives/edgaildalal1114445l0001 1 931 251 8268855/d5961 59dex992.htm 1t2 9t7t2018 EX-99.2 For f urther information: lnvestors. Omar Javed, Vice President, lnvestor Relations investor.relations@hydrcane-AAm, 41 6-345-5943 Media: Jay Armitage, Director, Corporate Communications media. relations@hydroone.com, 4'l 6-345-6868 https://wwwsec.gov/Archives/edgaildalal1114445l0001 1 931 251 8268855/d5961 59dex992.htm 2t2