Avista receives approval of all-party settlement in Idaho general rate case
Avista Corporation (AVA)
Last avista corporation earnings: 2/26 07:05 am
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Source: GlobeNewswire
SPOKANE, Wash., Dec. 02, 2019 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA) received approval from the Idaho Public Utilities Commission (IPUC or Commission) of the all-party settlement that was filed on Oct. 11, 2019, concluding the Company’s electric general rate case. New electric rates are effective as of Dec. 1, 2019. The approved rates are designed to decrease annual billed electric revenues by $7.18 million, or 2.84%, effective Dec. 1, 2019. The approved revenue decreases are based on a 9.5% return on equity (ROE) with a common equity ratio of 50% and a rate of return (ROR) on rate base of 7.35%, which is a continuation of current levels. This outcome is in line with the Company’s expected margin in this case. “The Commission’s decision provides new electric rates in Idaho that are reasonable for our customers, the Company and our shareholders,” said Dennis Vermillion, Avista president and CEO. “This outcome provides us the opportunity to continue to earn a fair return in Idah
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AVA
Earnings
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AVA
Sec Filings
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- 4/2/24 - Form 4
- 3/20/24 - Form ARS
- AVA's page on the SEC website