AG真人官方

Avista reaches all-party, all issues settlement in Idaho general rate cases

If approved, new rates would take effect beginning Sept. 2025 and Sept. 2026

SPOKANE, Wash., June 09, 2025 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA), the Staff of the Idaho Public Utilities Commission, Clearwater Paper Corporation, Idaho Forest Group, LLC and Walmart Inc., parties to the Company鈥檚 electric and natural gas general rate cases, have reached a settlement agreement that has been submitted to the听Idaho Public Utilities Commission听for its consideration, and which would resolve all issues in the proceeding.

If approved, the settlement agreement is designed to increase annual base electric revenues by听$19.5 million or 6.3%, effective听Sept. 1, 2025, and by $14.7 million or 4.5%, effective Sept. 1, 2026. For natural gas, the settlement agreement is designed to increase annual base natural gas revenues by听$4.6 million or 9.2%, effective听Sept. 1, 2025, and reduce base revenues by $0.2 million or 0.4%, effective Sept. 1, 2026.

The settlement capital structure includes a 9.6% return on equity (ROE) with a common equity ratio of 50% and a rate of return (ROR) on rate base of 7.28%.

鈥淭his settlement agreement will provide new rates in听Idaho听that are fair and reasonable for our customers, the Company, and our shareholders,鈥� said听Heather Rosentrater,听Avista听President and CEO. 鈥淭his is a constructive outcome. Our customers will benefit from longer recovery periods for certain deferred costs, which mitigates the bill impact of improved recovery of our costs to serve our customers. This agreement provides us with the opportunity to earn a fair return in听Idaho while we invest in and maintain our infrastructure so we can continue to provide the reliable energy our customers expect.鈥�

Residential Customer Bills
If the settlement is approved, a residential electric customer using an average of 939 kilowatt hours per month would see a 6.7% billed increase of $6.95听per month for a revised monthly bill of听$111.25 effective听Sept. 1, 2025, and a 4.7% billed increase of听$5.22听per month for a revised monthly bill of听$116.47 effective听Sept. 1, 2026.

A residential natural gas customer using an average of 66 therms per month would see a billed 6.8% increase of听$4.11听per month for a revised monthly bill of听$64.74 effective听Sept. 1, 2025, and no rate change effective Sept. 1, 2026.

The actual percentage rate change will vary by customer rate schedule and will depend on how much energy a customer uses.

Avista serves more than 145,000 electric and 93,000 natural gas customers in Idaho.

Avista鈥檚 Original Request
Avista鈥檚 original request was designed to increase annual base revenues by听$43.0 million听(or 14.4% on a billed basis) effective on听Sept. 1, 2025, and听$17.7 million听(or 5.2% on a billed basis) effective on听Sept. 1, 2026. For natural gas, the rate request was designed to increase annual revenues by听$8.8 million听(or 10.3% on a billed basis) effective on听Sept. 1, 2025, and听$1.0 million听(or 1.0% on a billed basis) effective on听Sept. 1, 2026.

The electric and natural gas requests were based on a proposed rate of return (ROR) on rate base of 7.68% with a common equity ratio of 50% and a 10.4% return on equity (ROE).

Customer Resources
To assist customers in managing their energy bills, Avista offers services for customers such as comfort level billing, payment arrangements and Customer Assistance Referral and Evaluation Services (CARES), which provide assistance to medically vulnerable customers through referrals to area agencies and churches for help with housing, utilities, medical assistance and other needs.听Avista听provides energy efficiency and outreach programs that include rebates and incentives as well as tips and resources to help customers manage their energy use and energy bills. Customers can learn more at听.

About Avista Corp.

Avista Corp.听is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses.听听is our operating division that provides electric service to 422,000 customers and natural gas to 383,000 customers. Our service territory covers 30,000 square miles in eastern听Washington, northern听Idaho听and parts of southern and eastern听Oregon, with a population of 1.7 million. AERC is an Avista subsidiary that, through its subsidiary AEL&P, provides retail electric service to 18,000 customers in the city and borough of听Juneau, Alaska. Our stock is traded under the ticker symbol 鈥淎VA鈥�. For more information about Avista, please visit听.

This news release contains forward-looking statements regarding the company鈥檚 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鈥檚 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鈥檚 Annual Report on Form 10-K for the year ended听Dec. 31, 2024听and the Quarterly Report on Form 10-Q for the quarter ended听March 31, 2025.

SOURCE: Avista Corporation

-2516-

Contact:
Media:听Lena Funston听(509) 495-8090,听[email protected]
Investors:听Stacey Walters听(509) 495-2046,听[email protected]
Avista听24/7 Media Access (509) 495-4174