Avista reaches partial multiparty settlement in Washington general rate case
Avista Corporation (AVA)
Last avista corporation earnings: 2/26 07:05 am
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Source: GlobeNewswire
SPOKANE, Wash., Nov. 21, 2019 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA) and certain parties to the company’s electric and natural gas general rate cases have reached a partial settlement agreement that has been submitted to the Washington Utilities and Transportation Commission (UTC or Commission) for its consideration. If approved, new rates would take effect April 1, 2020. The partial settlement agreement includes, among other things, agreement among all parties on the electric revenue increase and cost of capital as well as electric and natural gas rate spread and rate design. All parties, with the exception of the Public Counsel Unit of the Washington Office of Attorney General, agree on the natural gas revenue increase. If approved, the partial settlement agreement is 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 partial settlement revenue increases are
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