RE:BMO Given the amount of time and effort that’s gone into this deal together with AQN’s view that the acquisition will be an important growth lever going forward it’s unlikely that they will walk away from completing the transaction…”We remain firmly committed to completing this acquisition and look forward to bringing the benefits of our local operating model to the customers and communities of Eastern Kentucky.” (most recent earnings call) …although FERC has denied the proposed acquisition it has allowed AQN and KP to submit a new proposal…the reason given by FERC for rejecting the proposal was the "applicants have failed to show that the Proposed Transaction will not have an adverse effect on rates” …it seems that there was insufficient data provided on the effect of the transaction on rates payed by consumers…here’s the link with details around FERC’s decision to reject the current proposal …
https://www.ferc.gov/media/e-22-ec22-26-000