Avista Corporation reports recurring developments for a regulated energy company that produces, transmits and distributes electricity and distributes natural gas. Its Avista Utilities division serves eastern Washington, northern Idaho and parts of southern and eastern Oregon, while Alaska Energy and Resources Company provides retail electric service in Juneau, Alaska through Alaska Electric Light and Power Company.
Company news commonly covers utility earnings and guidance, board actions on common stock dividends, state rate filings, clean energy implementation plans, integrated resource planning, resource solicitations and demand-response or capacity additions. Updates also address regulatory proceedings before utility commissions and capital investment plans tied to reliability, resource adequacy and customer energy needs.
Avista (NYSE: AVA) reported third-quarter GAAP net income of $49 million, up from the same quarter a year earlier. Diluted earnings rose to $0.57 from $0.36, while net income in the comparable quarter was $29 million. For the nine months ended Sept. 30, 2026, net income reached $176 million versus $122 million, and diluted earnings increased to $2.11 from $1.51.
Non-GAAP utility earnings, which exclude non-regulated other business activity, rose to $33 million from $30 million quarterly and $147 million from $135 million year-to-date. Avista confirmed 2026 utility earnings guidance of $2.52–$2.72 per diluted share and expects the midpoint. It plans a short-term loan of up to $100 million by year-end because of increased regulatory deferrals and delayed recovery. Expected Avista Utilities base capital spending is $615 million for 2026, following $496 million spent in the first three quarters.
Avista (AVA) will hold its third quarter 2026 earnings conference call and webcast on Nov. 4, 2026. The call begins at 10:30 a.m. Eastern Daylight Time, following the earnings release at 7:05 a.m. Eastern Daylight Time that day. Access requires pre-registration through Avista’s investor website; a webcast replay will remain available for one year.
Avista (NYSE: AVA) has filed its 2026 annual natural gas and electric price adjustment requests with the Washington Utilities and Transportation Commission. The filings are designed to true-up customer rates with actual costs. If approved, natural gas rates in Washington would fall by approximately 11.5%, driven mainly by a $32.8 million (11.0%) decrease related to the Climate Commitment Act and a $1.3 million (0.5%) decrease from the Purchased Gas Cost Adjustment.
Most residential natural gas customers using 61 therms per month would see bills drop about $7.38 to $88.80. Electric adjustments are small and largely offset, resulting in an overall electric rate decrease of about 0.01%, or roughly $0.05 per month for a typical residential customer using 925 kWh.
Avista (NYSE: AVA) announced leadership changes effective Oct. 1, 2026, as part of a planned succession strategy to support strategic execution, future growth and leadership continuity. Alicia Gibbs, currently Director of Innovation and Strategy, has been appointed Vice President, Growth, Innovation and Strategy, leading growth, innovation and long-range planning.
Patrick Ehrbar, currently Director of Regulatory Affairs, has been appointed Vice President, Regulatory Affairs, continuing to oversee regulatory affairs. The changes align with the planned retirement of Senior Vice President Jason Thackston at the end of 2026, with responsibilities being realigned across the officer team to add leadership capacity and ensure continuity.
Avista (NYSE: AVA) announced that its board of directors declared a quarterly common stock dividend of $0.4925 per share, equivalent to an annualized dividend of $1.97. The dividend will be paid on September 14, 2026, to shareholders of record as of August 18, 2026. The board reviews dividend levels regularly, considering financial results, strategy, and economic and competitive conditions.
Avista (NYSE: AVA) reported second-quarter 2026 GAAP net income of $35 million or $0.43 per diluted share, up from $14 million or $0.17 in 2025. Year-to-date GAAP net income was $127 million ($1.54 per share) versus $93 million ($1.15 per share) a year earlier.
Non-GAAP utility earnings were $23 million or $0.29 per share in Q2 2026, flat versus 2025, and $114 million ($1.38 per share) year-to-date, up from $105 million ($1.30 per share). The company confirmed its 2026 non-GAAP utility earnings guidance of $2.52–$2.72 per diluted share, assuming normal weather, a negative ERM impact of $0.10 per share, a 12% effective tax rate, and $615 million of 2026 capital expenditures.
Non-regulated other businesses generated $13 million of income in the first half of 2026 versus a $12 million loss in 2025, driven by investment gains. Avista reported $199 million of available credit line liquidity and $59 million under its letter of credit facility as of June 30, 2026 and expects additional equity and debt issuances in 2026.
Avista (NYSE: AVA) filed its annual natural gas and electric price adjustment requests with the Idaho Public Utilities Commission, which the company said do not affect its earnings. The filings true-up customer rates to actual purchased gas, power, fixed and efficiency-related costs.
If approved, Idaho residential natural gas customers using 66 therms per month would see bills drop about 1.5% (from $59.28 to $58.38) effective Nov. 1, 2026, with an overall natural gas revenue decrease of 1.8%. Residential electric customers using 939 kWh per month would see bills rise about 6.5% (from $119.52 to $127.28), with an overall electric revenue increase of 5.3% effective Oct. 1, 2026.
The company outlined components including the Purchased Gas Cost Adjustment, Power Cost Adjustment, Fixed Cost Adjustment, a natural gas Energy Efficiency Adjustment set to $0.00 per therm in line with a planned temporary program suspension, and a slight increase in Bonneville Power Administration Residential Exchange benefits.
Avista (NYSE: AVA) will host its second quarter 2026 earnings conference call and webcast on August 3, 2026 at 10:30 a.m. EDT. The related earnings release will be issued at 7:05 a.m. EDT. Investors must pre-register via Avista’s investor relations website.
Avista (NYSE:AVA) has paused processing an energy service request tied to a potential 500 MW data center, while it works with government agencies and stakeholders on a coordinated planning approach following recent community concerns.
The company outlines principles for serving large data centers: customers will not subsidize new large users, system reliability must be preserved, any final service deal requires regulatory approval, and large projects must provide net benefits for customers.
Minnkota Power Cooperative has joined the North Plains Connector utility consortium as its eighth member, signing a non-binding MOU to secure 150 MW of capacity on the planned 3,000 MW HVDC transmission line, subject to definitive agreements.
The multi-billion-dollar project, jointly developed by Grid United and ALLETE, will connect MISO, the Western Interconnection, and SPP, with construction expected in 2028 and operations in 2032, and is projected to create over 800 construction jobs in Montana and North Dakota.