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Stock impact report

Avista prepares for wildfire season

Avista Corporation (AVA) 
Last avista corporation earnings: 2/26 07:05 am Check Earnings Report
Company Research Source: GlobeNewswire
SPOKANE, Wash., May 07, 2024 (GLOBE NEWSWIRE) -- Avista is adding a new strategy to its wildfire mitigation plan. The utility announced today at a press conference with regional partners that if extreme weather conditions are forecast, like low humidity and strong winds, Avista may turn off power in specific locations to help protect public safety. This is called a Public Safety Power Shutoff, or PSPS. “Based on learning from other utilities who have implemented PSPS, it would only be used in the most extreme weather conditions,” said Heather Rosentrater, Avista President and COO. “We have other operational changes we can make, and we have been working for years to make our system stronger and more resilient. However, as we encounter more extreme weather events, we want to be prepared for all possibilities, and this is now a best practice in our industry.” For more than 20 years, Avista has made temporary changes to power line operations during the summer. This is called Fire Safe Show less Read more
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