Commission’s order in Avista Washington general rate cases provides positive outcomes for customers
Avista Corporation (AVA)
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Source: GlobeNewswire
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
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