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Stock impact report

Avista Reaches Settlement in Oregon Natural Gas Rate Request

Avista Corporation (AVA) 
Last avista corporation earnings: 2/26 07:05 am Check Earnings Report
Company Research Source: GlobeNewswire
SPOKANE, Wash., Aug. 14, 2019 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA) and all other parties involved in the company’s natural gas general rate filing have reached a settlement agreement that, if approved by the Public Utility Commission of Oregon (PUC), would conclude the proceedings for the general rate request filed on March 15, 2019. If the settlement agreement is approved, new rates would take effect on Jan. 15, 2020. “We’re pleased that a full settlement and joint recommendation was reached. The settlement represents a positive outcome and new natural gas rates in Oregon that are fair and reasonable for our customers, our company and our shareholders,” said Dennis Vermillion, Avista President. “This supports Avista’s ongoing efforts to make capital investments in infrastructure and systems, including replacing natural gas pipe, expanding the natural gas system and technology upgrades that allow us to provide our customers with the safe and reliable energy service they expect.” Show less Read more
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