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Stock impact report

Avista reaches partial settlement in Oregon rate case

Avista Corporation (AVA) 
Last avista corporation earnings: 2/26 07:05 am Check Earnings Report
Company Research Source: GlobeNewswire
SPOKANE, Wash., July 03, 2019 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA) and all of the parties to the Company’s natural gas general rate case filing have reached agreement on certain issues, and a partial settlement agreement has been filed with the Public Utility Commission of Oregon (PUC) for its consideration. The partial settlement includes agreement among the parties on the cost of capital and certain smaller adjustments related to employee benefits and other expenses. In addition, the parties agreed to a future independent review of interest rate hedging practices, with any such recommendations based on the results and findings in the final report only applicable on a prospective basis, and would not apply to any prior Avista interest rate hedging activity.  The agreed-upon rate of return (ROR) on rate base is 7.24%, with a common equity ratio of 50% and a 9.4% return on equity (ROE), both of which represent a continuation of existing authorized levels. The original request was Show less Read more
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