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2--JULY 26, 2017
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GOLDENDALE, WASHINGTON
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Avista has proudly served you for more than 128 years and is taking steps to plan
for the future. As part of our plans, we are pleased to announce that we are joining
forces with Hydro One, one of the best-run electric transmission and distribution utilities
in North America. We are confident this partnership, when completed in the second
half of 2018, will be a positive step for our customers, our employees, and the many
communities we serve.
,- , +lydro Siof partnership is-.'
............................. One sha .the long-held'valee our culture, and whenthis,
finalized, we will work hard for you and every day in virtually the same way we
do today. We'll continue to operate under the same name, in the same headquarters in
Spokane, with the same management and all the employees you've come to trust for
your energy needs,
In partnership with Hydro One, we will have increased opportunities to implement
technological innovation and important economic development projects, and to increase
our support to the local communities we serve...well into the future.
We fully believe this transaction is advantageous for you and for us:
• Our customers Will continue to receive clean, safe, high quality, and reliable
service at reasonable rates. There will be no increase in rates as a result
of this transaction.
• Our communities will continue to benefit from Avista's commitment to
philanthropy and economic development. In fact, Hydro One has committed
to doing more---nearly doubling our current levels of community contributions.
Furthermore, we are dedicated to upholding our longstanding commitments to
environmental stewardship, safety, and reliability.
• Our employees will see a continuation of the company and their jobs as they
are today.
In the meantime, we want to thank you for your continued support as we enter this
important new chapter in our long history. We are very excited for what lies ahead for
our customers, our employees, and the communities we serve.
Sincerely,
Scott Morris
Chairman, President and Chief Executive Officer
myavista.com
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