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...
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