Avista Agrees To Pay $4M Yearly Rent On Dams

Law360, New York (October 24, 2007, 12:00 AM EDT) -- Avista Corp. has agreed to pay the state of Montana a minimum of $4 million per year to quell a lawsuit over the company's operation of two hydroelectric dams on state property, becoming the second of three power-generation companies involved in the suit to strike a deal to resolve the state's complaint.

The remaining company, PPL Montana, went to trial against the state on Monday, in the Montana First Judicial District Court of Lewis & Clark County, in Helena. Portland, Ore.-based Pacificorp, previously part of the...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.