Avista Makes Price Adjustment Request in Washington
Rhea-AI Summary
Avista (NYSE: AVA) has filed a request with the Washington Utilities and Transportation Commission for a $15.3 million electric rate increase, representing a 2.1% price adjustment effective July 1, 2025. The increase stems from deferred power supply costs tracked in the Energy Recovery Mechanism (ERM).
The primary driver was reduced hydroelectric generation in 2024 due to lower precipitation and snowpack. The cumulative ERM balance has reached $34.3 million, with $19.0 million currently being recovered through customer rates ending July 1, 2025.
If approved, Washington residential customers using an average of 945 kilowatt hours monthly will see bills increase from $120.86 to $123.41, a $2.55 monthly increase. Rate adjustments vary by customer class, ranging from 0.4% for street lights to 2.7% for extra large general service.
Positive
- Company offers assistance programs and payment arrangements for affected customers
- Rate increase spread over 12 months to minimize impact
Negative
- Rate increase of $15.3 million (2.1%) will impact customer affordability
- Reduced hydroelectric generation performance in 2024 due to weather conditions
- Accumulated $34.3 million in deferred power supply costs requiring recovery
News Market Reaction
On the day this news was published, AVA gained 0.93%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Overall change in electric prices would be effective July 1, 2025
SPOKANE, Wash., March 31, 2025 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA) has made a filing with the Washington Utilities and Transportation Commission (Commission or WUTC) that, if approved, will result in an increase of
The request reflects a rate adjustment to recover from customers certain deferred power supply costs tracked in the Company’s Energy Recovery Mechanism (ERM). The ERM is a mechanism that tracks the difference between actual power supply-related costs experienced by Avista to the authorized level approved by the Commission.
Under the mechanics of the Commission-approved ERM, if Avista has a cumulative deferral balance of
Avista is presently recovering approximately
Electric Customer Bills
Washington: If approved, residential electric customers in Washington using an average of 945 kilowatt hours per month would see their monthly bills change from
If approved, electric customers would see the following rate adjustments:
| Residential Service - Schedules 1/7/8 | |
| General Service - Schedules 11/12/13/17/18 | |
| Large General Service - Schedules 21/22/23 | |
| Extra Large General Service - Schedule 25/Sp Ct | |
| Pumping Service - Schedules 30/31/32 | |
| Street & Area Lights - Schedules 42-48 | |
| Overall |
To help customers proactively manage their energy use, Avista offers services to those who may need and qualifies for assistance in managing their energy bills such as comfort level billing, payment arrangements and special circumstantial referrals to area agencies and churches for help with housing, utilities, medical assistance and other needs. Avista also provides funding for energy assistance programs which are administered through community action agencies.
Energy efficiency and outreach programs are also offered which include rebates and incentives as well as tips and resources to help customers manage their energy use and energy bills. Customers can learn more at www.myavista.com.
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 Annual Report on Form 10-K for the year ended Dec. 31, 2024.
Avista Corp. and the Avista Corp. logo are trademarks of Avista Corporation.
SOURCE: Avista Corporation
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Contact:
Media: Lena Funston (509) 495-8090 lena.funston@avistacorp.com
Investors: Stacey Wenz (509) 495-4171, stacey.wenz@avistacorp.com
Avista 24/7 Media Access (509) 495-4174
FAQ
How much will Avista's (AVA) Washington residential customers' bills increase in July 2025?
What caused Avista (AVA) to request the 2025 rate increase in Washington?
What is the total amount of Avista's (AVA) rate increase request for Washington in 2025?
What is Avista's (AVA) current ERM balance that triggered the rate adjustment?
Which customer class will see the highest rate increase in Avista's (AVA) 2025 Washington adjustment?
