Avista partners with German IPP:

Avista partners with German IPP:

Avista Corp. affiliate, Avista Power, and STEAG AG, Germany`s largest independent power producer, agreed to form a joint venture to develop, build and buy electric generation assets in North America. STEAG will purchase a 50 percent interest in Avista Power and invest jointly with Avista in future projects. STEAG also secured an option to purchase a minority interest in Avista Corp. marketing and trading affiliate, Avista Energy.

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