Avista Makes Annual Price Adjustment Filing in Idaho

Rhea-AI Summary

Avista (NYSE: AVA) filed for an annual Idaho electric rate adjustment seeking to increase overall electric revenues by $25.2 million (7.4%), effective May 1, 2026, to align energy efficiency program funding with actual 2025 costs. Residential bills at 939 kWh/month would rise about $8.90 (7.7%) to $124.44.

The filing is subject to Idaho Public Utilities Commission review and public comment.

Key Figures

Electric revenue increase: $25.2 million Overall rate increase: 7.4% Effective date: May 1, 2026 +5 more

8 metrics

Electric revenue increase $25.2 million Proposed overall electric revenue change in Idaho

Overall rate increase 7.4% Proposed Idaho electric rate adjustment

Effective date May 1, 2026 Proposed implementation of Idaho rate change

Avg residential usage 939 kilowatt hours Monthly usage for example Idaho residential customer

Current residential bill $115.54 Monthly bill before proposed change, Idaho residential

Proposed residential bill $124.44 Monthly bill after proposed change, Idaho residential

Residential bill increase $8.90 Monthly increase for 939 kWh Idaho residential customer

Residential bill change 7.7% Approximate residential percentage increase in Idaho

Market Reality Check

Price: $43.08 Vol: Volume 487,244 vs 20-day ...

normal vol

$43.08 Last Close

Volume Volume 487,244 vs 20-day average 638,093, with relative volume at 0.76 ahead of this filing. normal

Technical Price $43.08 trades above the 200-day MA $38.58 and sits 0.29% below the 52-week high of $43.205.

Peers on Argus

AVA gained 1.63% while peers were mixed: AQN +2.41%, AES +1.5%, CIG +0.91%, UTL ...

AVA gained 1.63% while peers were mixed: AQN +2.41%, AES +1.5%, CIG +0.91%, UTL +4.28%, and ALE -0.1%, suggesting stock-specific drivers rather than a unified sector move.

Historical Context

5 past events · Latest: Feb 09 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 09	Dividend increase	Positive	+1.3%	Board raised quarterly dividend, marking 24th consecutive annual increase.
Jan 26	Resource planning	Positive	+1.8%	Selected new energy and capacity projects under 2025 resource plan.
Jan 21	Earnings call notice	Neutral	+0.6%	Announced timing and access details for Q4 2025 earnings call.
Jan 16	WA rate plan filing	Neutral	-0.3%	Filed four-year Washington rate plan to fund grid and compliance work.
Dec 29	Foundation grants	Positive	+0.4%	Foundation awarded grants supporting environmental and community programs.

Pattern Detected

Recent news events, including rate-related filings and capital planning, have generally seen mildly positive share reactions, with no clear instances of negative divergence.

Recent Company History

Over the last few months, Avista has focused on shareholder returns and long-term infrastructure and resource planning. A dividend increase to an annualized $1.97 per share and selection of new energy and capacity projects under the 2025 Electric Integrated Resource Plan both saw positive price reactions. A Washington four-year rate plan filing produced only a small move. Today’s Idaho energy-efficiency rate adjustment filing continues the pattern of regulatory-driven revenue and cost recovery updates across its service territories.

Market Pulse Summary

This announcement outlines Avista’s Idaho filing to align electric energy-efficiency funding in rate...

Analysis

This announcement outlines Avista’s Idaho filing to align electric energy-efficiency funding in rates with actual program costs, targeting an additional $25.2 million in revenues and a 7.4% overall rate increase from May 1, 2026. For a typical residential user at 939 kWh per month, the bill would rise from $115.54 to $124.44. Investors may track the Idaho Commission’s review process, public feedback, and how this filing complements Avista’s broader multi-year rate and resource plans.

AI-generated analysis. Not financial advice.

Request would result in higher electric prices effective May 1, 2026

SPOKANE, Wash., Feb. 13, 2026 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA) has made an annual rate adjustment filing with the Idaho Public Utilities Commission (IPUC or Commission) that if approved, is designed to increase overall electric revenues by approximately $25.2 million or 7.4% effective May 1, 2026. This filing has no impact on Avista’s earnings.

The proposed rate adjustment modifies the level of funding for Avista’s electric energy efficiency programs. This adjustment aligns the amount that is collected in customer rates with the actual costs to operate the programs. Avista’s energy efficiency programs are designed to provide a financial incentive or rebate for cost-effective energy efficiency measures. The rate changes proposed reflect the required level of funding needed to operate the programs in the coming year, and to recover costs spent in 2025 that exceeded the levels included in rates. The electric rate adjustment is designed to increase the amount collected from customers by $25.2 million or 7.4%.

Customer Bills Resulting from these Filings
If the electric Energy Efficiency filing is approved, residential electric customers in Idaho using an average of 939 kilowatt hours per month would see their monthly bills increase from $115.54 to $124.44, an increase of $8.90 per month, or approximately 7.7%. The requested electric rate change by rate schedule is as follows:

Residential Service - Schedule 1	7.4%
General Service - Schedules 11 & 12	7.3%
Large General Service - Schedules 21 & 22	7.1%
Extra Large General Service - Schedule 25	7.5%
Extra Large General Service - Schedule 25P	7.9%
Pumping Service - Schedules 31 & 32	7.2%
Street & Area Lights - Schedules 41-49	7.1%
Overall	7.4%

Rate Application Procedure

Avista’s applications are proposals, subject to public review and a Commission decision. Copies of the applications are available for public review at the offices of both the Commission and Avista, and on the Commission’s website (www.puc.idaho.gov). Customers may file with the Commission written comments related to Avista’s filings. Customers may also subscribe to the Commission’s RSS feed (http://www.puc.idaho.gov/rssfeeds/rss.htm) to receive periodic updates via e-mail about the case. Copies of rate filings are also available on Avista’s website at www.myavista.com/rates.

If you would like to submit comments on the proposed rate change, you can do so by going to the Commission website or mailing comments to:

Idaho Public Utilities Commission

P.O. Box 83720

Boise, ID 83720-0074

About Avista Corp.
Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilities is our operating division that provides electric service to 422,000 customers and natural gas to 383,000 customers. Our service territory covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.7 million. AERC is an Avista subsidiary that, through its subsidiary AEL&P, provides retail electric service to 18,000 customers in the city and borough of Juneau, Alaska. Our stock is traded under the ticker symbol “AVA.” For more information about Avista, please visit www.avistacorp.com.

This news release contains forward-looking statements regarding the company’s current expectations. Forward-looking statements are all statements other than historical facts. Such statements speak only as of the date of the news release and are subject to a variety of risks and uncertainties, many of which are beyond the company’s control, which could cause actual results to differ materially from the expectations. These risks and uncertainties include, in addition to those discussed herein, all of the factors discussed in the company’s and the Quarterly Report on Form 10-Q for the quarter ended and its Annual Report on Form 10-K for the year ended Dec. 31, 2025.

Avista Corp. and the Avista Corp. logo are trademarks of Avista Corporation.

SOURCE: Avista Corporation

To unsubscribe from Avista’s news release distribution, send a reply message to dalila.sheehan@avistacorp.com

Contact:

Media: Lena Funston (509) 495-8090 lena.funston@avistacorp.com
Investors: Stacey Walters (509) 495-2046 stacey.walters@avistacorp.com
Avista 24/7 Media Access (509) 495-4174

FAQ

What does Avista (AVA) request in its February 14, 2026 Idaho rate filing?

Avista requests an electric revenue increase of $25.2 million (7.4%), effective May 1, 2026. According to the company, the change aligns customer collection with actual energy efficiency program costs and seeks recovery of 2025 costs that exceeded rates.

How will the Avista (AVA) May 1, 2026 rate change affect an average Idaho residential bill?

An average Idaho residential customer using 939 kWh/month would see bills rise by $8.90 (7.7%) to $124.44. According to the company, this reflects the proposed energy efficiency funding adjustment and recovery of 2025 overspend.

Which Avista (AVA) customer classes are affected by the 2026 Idaho rate filing?

All listed electric rate classes would see increases ranging from 7.1% to 7.9%, including residential, general, large general, and street lighting. According to the company, the overall weighted increase requested is 7.4%.

Does Avista (AVA) say the Idaho filing will affect company earnings for 2026?

Avista states the filing has no impact on company earnings. According to the company, the proposed adjustment only aligns customer rates with program costs and recovers prior-year overspend, subject to regulatory approval.

How can Idaho customers comment on Avista's (AVA) February 2026 rate application?

Customers may file written comments with the Idaho Public Utilities Commission or use the Commission website and RSS feed to follow the case. According to the company, full filings are available at the Commission and Avista websites for public review.