Robins Global News & Noticias

COVID-19 Map Tracker | COVID-19 News Features

  • Career Exam Study
    Career Exam Study
  • E-commerce Guide
    E-commerce Guide
  • Dropshipping Guide
    Dropshipping Guide
  • Microsoft Exam
    Microsoft Exam
  • IT Career News
    IT Career News

RobinsPost News Network

+ Larger Font | - Smaller Font

Globe NewsWire News Distribution Service

Press Release: Commission’s order in Avista Washington general rate cases provides positive outcomes for customers

SPOKANE, Wash., March 25, 2020 (GLOBE NEWSWIRE) -- Avista’s (NYSE: AVA) electric and natural gas general rate cases concluded today with an order received from the Washington Utilities and Transportation Commission (UTC or Commission) that approved the partial multi-party settlement filed in November 2019 and that will keep rates reasonable for customers during this difficult time.

“We appreciate the Commission’s efforts to arrive at a result that keeps rates affordable for our customers during this difficult and uncertain time and that is also fair and reasonable for our shareholders,” said Dennis Vermillion, Avista president and CEO. “We are pleased with this outcome, which demonstrates support of Avista’s efforts to invest in and maintain our infrastructure so we can continue to provide the reliable energy our customers expect.”

The Commission approved rates designed to increase annual billed electric revenues by $28.5 million, or 5.4%, and annual natural gas billed revenues by $8.0 million, or 5.2%, effective April 1, 2020. The decision reflects a 9.4% return on equity (ROE) with a common equity ratio of 48.5% and a rate of return (ROR) on rate base of 7.21%.

In addition to approving the elements in the partial multi-party settlement, the Commission’s order included outcomes of other proceedings that resulted in the offset of the requested electric rate increase and a partial offset of the requested natural gas rate increase that customers will see on their bills. An electric customer using an average of 918 kilowatt hours per month could expect to see no billed increase this year that would have resulted from this case and a natural gas customer using an average of 66 therms per month could expect to see a billed increase of $1.56 per month, effective April 1, 2020.

Today’s order also included the extension of electric and natural gas decoupling mechanisms through March 31, 2025 and other elements that are described in further detail in the Commission’s order, which can be read here.

About Avista Corp.
Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilities is the operating division that provides electric service to 393,000 customers and natural gas to 361,000 customers. Its service territory covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.7 million. Alaska Energy and Resources Company is an Avista subsidiary that provides retail electric service in the city and borough of Juneau, Alaska, through its subsidiary Alaska Electric Light and Power Company. Avista stock is traded under the ticker symbol "AVA." For more information about Avista, please visit

This news release contains forward-looking statements regarding the company’s current expectations. Forward-looking statements are all statements other than historical facts. Such statements speak only as of the date of the news release and are subject to a variety of risks and uncertainties, many of which are beyond the company’s control, which could cause actual results to differ materially from the expectations. These risks and uncertainties include, in addition to those discussed herein, all of the factors discussed in the company’s Annual Report on Form 10-K for the year ended Dec. 31, 2019.

To unsubscribe from Avista’s news release distribution, send a reply message to This email address is being protected from spambots. You need JavaScript enabled to view it.

Media: David Vowels (509) 495-7956, This email address is being protected from spambots. You need JavaScript enabled to view it.
Investors: John Wilcox (509) 495-4147, This email address is being protected from spambots. You need JavaScript enabled to view it.
Avista 24/7 Media Access (509) 495-4174

Posted: 2020-03-26 01:49:00

Get Full News Story On GlobeNewsWire Press Release Service

Listen to this article. Speaker link opens in a new window.
Text To Speech BETA Test Version.

Related News Stories From The Web And More

Related Bing News Search Results

Press Release: Commission’s order in Avista Washington general rate cases provides positive outcomes for customers | Globe NewsWire News Distribution Service | RobinsPost News Network - Newscast

Indoor gyms, pools and sports centres get green light to open from July 25

Thu, 09 Jul 2020 18:08:00 GMT

Indoor Gyms, swimming pools and sports facilities will reopen in England from July 25, the Culture Secretary has announced. Oliver Dowden said the new guidelines would help the country get “match fit ...

Maryland’s Prince George’s County is among nation’s wealthiest Black communities, but it leads state in coronavirus cases

Thu, 09 Jul 2020 12:46:00 GMT

Researchers are finding that even for Black people in higher income and educational brackets, simply the stress of navigating a discriminatory world — where doctors don’t take your symptoms as ...

Coronavirus updates: Ohio mandates masks in 7 hard-hit counties; Brazil President Jair Bolsonaro tests positive; US cases nears 3M

Wed, 08 Jul 2020 04:42:00 GMT

The president of Brazil tested positive, drug companies were optimistic about treatments and the U.S. pulled out of the WHO. Latest coronavirus news.

Chesapeake Energy And Energy Transfer Skirmish: Contract Rejection

Mon, 06 Jul 2020 12:06:00 GMT

Chesapeake Energy filed for bankruptcy, opening the opportunity to reject midstream contracts. While Energy Transfer and others have asked FERC to intervene, it is unlikely in my opinion that the FERC ...

WHO: World Sets Record Daily Jump in Coronavirus Cases

Sat, 04 Jul 2020 12:41:00 GMT

The world saw a record 24-hour increase in the number of coronavirus cases Saturday — 212,326, the World Health Organization (WHO) reported. The United States, Brazil and India led with the largest ...

Related News Story Videos From Youtube

Blow Us A Whistle

Comments (Whistles) Designed By Disqus

Company Information

Official Content Providers


We recommend Firefox 3 (and above), Edge, and Chrome for dynamic performance.
© 2008-2020 RobinsPost (The Bird's Eye View Company) All rights are reserved.
RobinsPost provides links to news sites based on their RSS feeds.
All trademarks, copyrights, videos, photos and logos are owned by news sources.
News stories, videos and live streams are from trusted sources:
Bing News, Google News, Faroo News, and YouTube Search Results.
ROBINSPOST Is Proudly Made In America.
Where Quality, Safety and Service Comes First.