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0 0 0 0 0 0.00136239782016341 0.00136239782016341 -0.00544959128065403
Stock impact report

Avista requests recovery of costs for providing service in Oregon

Avista Corporation (AVA) 
Last avista corporation earnings: 2/26 07:05 am Check Earnings Report
Company Research Source: GlobeNewswire
SPOKANE, Wash., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Today, Avista (NYSE: AVA) filed a request with the Public Utility Commission of Oregon (PUC) to increase natural gas base rates effective September 1, 2025. The proposal is designed to increase overall natural gas base revenue by approximately $7.8 million, or 6.6% on a billed basis, and is based on a proposed rate of return of 7.67% with a common equity ratio of 50% and a 10.4% return on equity. “Our customers remain our primary focus as we make decisions about how and where to invest across the company,” Avista CEO Dennis Vermillion said. “We strive to keep energy affordable while making important and necessary investments in our infrastructure. We’ve made these investments on behalf of our customers because it’s the right thing to do. We want our customers to have energy available when they need it.” “Our costs to deliver energy continue to outpace our revenue. Avista is not unique in this regard; utilit Show less Read more
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