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Stock impact report

Avista requests recovery of costs for providing service in Oregon

Avista Corporation (AVA) 
Last avista corporation earnings: 2/26 07:05 am Check Earnings Report
Company Research Source: GlobeNewswire
SPOKANE, Wash., March 15, 2019 (GLOBE NEWSWIRE) -- Continuing capital investments in natural gas infrastructure led Avista (NYSE: AVA) to file a request today with the Public Utility Commission of Oregon (PUC) to increase natural gas base rates. The proposal is designed to increase overall natural gas billed revenue by approximately $6.7 million or 7.8 percent and is based on a proposed rate of return of 7.55 percent with a common equity ratio of 50 percent and a 9.9 percent return on equity. "This general rate request is driven by investments in our natural gas infrastructure that serves our customers in Oregon,” said Dennis Vermillion, president of Avista. “We continuously invest in the natural gas system, and this request includes projects that support the safe, reliable delivery of natural gas to our customers as well as the replacement of old equipment, compliance with government regulations and requirements, technology upgrades and more. While customers have benefitted from Show less Read more
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