December 6, 2018 / 12:15 PM / 3 months ago

BUZZ-Avista Corp: Plunges after regulator rejects co's sale to Canada's Hydro One

** Electric utility co’s shares plunge 12.9 pct premarket after Washington state regulator rejects Hydro One Ltd’s proposed acquisition of co

** AVA is the 4th-biggest pct loser among U.S. stocks before the opening bell and is on pace for its worst day in over 16 years

** Washington Utilities and Transportation Commission says Hydro One’s C$6.7 bln ($5.02 bln) deal would not adequately protect Avista or its customers from political and financial risk

** AVA has risen 19 pct since July 19, 2017, when Hydro One agreed to buy the company (Reporting by Amy Caren Daniel in Bengaluru)

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