Under the terms of the merger agreement, US$103 million in termination fees go to Avista.
The regulator is worried about interference from Ontario’s Ford government.
Washington state regulators had said they would not allow Ontario’s largest utility to buy Avista for fear the provincial government might meddle in its operations.
UTC can modify the prior order or take actions it deems appropriate, including extending deliberations.
US Committee on Foreign Investment has found no unresolved national security concerns.