Avista receives Commission order regarding 2015 general rate cases
Avista Corporation (AVA)
Last avista corporation earnings: 2/26 07:05 am
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Source: GlobeNewswire
SPOKANE, Wash., March 06, 2020 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA) today received an order from the Washington Utilities and Transportation Commission (WUTC or Commission) that will refund $8.4 million to Avista’s customers as a result of the appeal and remand of the Company’s 2015 general rate cases. “We believe this outcome is fair and reasonable for our customers, shareholders and Avista,” said Dennis Vermillion, Avista president and CEO. “We take our responsibility to provide safe, reliable energy at an affordable price seriously, and we work hard every day to deliver value for those we serve.” The refund amount that will be on customer bills and the way it will be distributed will be determined in Avista’s ongoing 2019 general rate cases. The Commission must issue an order in the 2019 rate cases by March 31. BackgroundThe Public Counsel Section of the Washington Attorney General’s Office, a party to Avista’s general rate cases, appealed the Commission’s decision in the 20
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