Welcome to our dedicated page for Avista US news (Ticker: AVA), a resource for investors and traders seeking the latest updates and insights on Avista US stock.
Avista Corporation (NYSE: AVA) generates a steady flow of news as an energy company involved in the production, transmission and distribution of electricity and natural gas, along with other energy‑related businesses. Through its Avista Utilities division and subsidiaries such as Alaska Energy and Resources Company and Alaska Electric Light and Power Company, Avista provides regulated utility service in parts of Washington, Idaho, Oregon and Alaska, which leads to frequent operational and regulatory updates.
News about Avista often covers quarterly and annual financial results, where the company discusses segment performance for Avista Utilities, AEL&P and other businesses, as well as factors such as customer load growth, general rate cases, operating costs and capital expenditures. Earnings releases may also include non‑GAAP measures like electric and natural gas utility margin and commentary on liquidity, financing plans and long‑term earnings expectations.
Another key category of Avista news involves regulatory and rate proceedings. The company issues announcements about general rate cases, settlement agreements and annual adjustment filings for purchased gas costs, wildfire expense balancing, insurance expense balancing, clean energy implementation costs and low‑income rate assistance programs. These updates explain proposed or approved changes in electric and natural gas revenues and how they affect customer bills in different jurisdictions.
Avista also publishes updates on its clean energy and sustainability initiatives, including filings of Clean Energy Implementation Plans under Washington’s Clean Energy Transformation Act and the release of Corporate Responsibility reports and ESG disclosures. Additional news highlights community and philanthropic activities through the Avista Foundation, which awards grants to nonprofit organizations in areas such as environmental efforts, arts and culture, education and community development across the Northwest.
Visitors to this page can review Avista news releases to follow developments in its utility operations, regulatory environment, clean energy planning, community investments and financial performance over time.
Avista Corp. (NYSE: AVA) has declared a quarterly dividend of $0.44 per share, representing a 4.1% increase from the previous dividend. This marks the 20th consecutive year of dividend growth, emphasizing the board's commitment to enhancing shareholder value. The dividend is payable on March 15, 2022, to shareholders recorded by the close of business on February 18, 2022. The annualized dividend stands at $1.76.
Avista Corp. (NYSE: AVA) will discuss its fourth quarter 2021 results in a conference call scheduled for February 23, 2022, at 10:30 a.m. EST. A news release detailing the earnings will be available at 7:05 a.m. EST the same day. Interested parties can access the call via Avista's website or by dialing (855) 806-8606 with confirmation number 9970246. A replay will be accessible until March 2, 2022. Avista provides electric and natural gas services to a significant customer base across the Pacific Northwest and Alaska.
Avista (NYSE: AVA) has filed a multiyear rate plan with the Washington Utilities and Transportation Commission. The proposal aims to recover $52.9 million in electric revenue and $10.9 million in natural gas revenue by December 2022, increasing rates by 7.4% and 2.5% respectively, with additional 3.0% and 1.1% increases in December 2023. The plan also proposes a Residual Tax Customer Credit of $38 million over two years and aims to enhance infrastructure to ensure reliable energy delivery. Customers will benefit from predictable pricing and assistance programs.
Agreement provides valuable carbon-free energy to Northwest electric customers
Avista and Chelan County Public Utility District have finalized a 20-year contract for renewable hydropower, enhancing Avista's carbon-free resource pool towards its 2030 goals. The contract stipulates Avista will obtain 5% of the output from PUD’s hydro projects from 2026-2030, increasing to 10% from 2031-2045. This deal not only supports Avista's clean energy commitment but also boosts PUD's wholesale revenues, fostering low rates and additional services.
Avista (NYSE: AVA) released its latest Corporate Responsibility report on Dec. 14, 2021, showcasing its commitment to environmental, social, and governance (ESG) principles. The report details efforts across four key areas: environment, people, customers, and governance. Avista’s President and CEO, Dennis Vermillion, emphasized the company's dedication to integrating these ESG commitments into their operations. The full report and related disclosures are available on Avista's corporate website.
Avista Corp. (NYSE: AVA) has declared a quarterly dividend of $0.4225 per share on its common stock, payable on Dec. 15, 2021, to shareholders of record as of the close of business on Nov. 19, 2021. The board of directors decides on dividends based on financial results, business strategies, and market conditions. Avista operates in energy production, transmission, and distribution, serving 403,000 electric and 369,000 natural gas customers across a service area of 30,000 square miles.
Avista Corp. reported a net income of $14.4 million, or $0.20 per diluted share, for Q3 2021, up from $4.9 million, or $0.07 per diluted share in Q3 2020. Year-to-date, net income reached $96.5 million, or $1.38 per share, compared to $70.8 million, or $1.04 in 2020. The company confirmed its earnings guidance for 2021 at $1.96 to $2.16 per share but lowered its 2022 guidance by $0.10 to $1.93 to $2.13 per share, citing increased operating costs. Avista Utilities' earnings exceeded expectations largely due to tax timing.
Avista Corp. (NYSE: AVA) will conduct its quarterly conference call on November 3, 2021, at 10:30 a.m. EDT to discuss third quarter 2021 results. A news release with earnings data will be issued at 7:05 a.m. EDT on the same day.
To access the call, visit investor.avistacorp.com or dial (855) 806-8606, using confirmation number 5499812. A replay will be available until November 10, 2021. Avista provides electric and natural gas service to over 771,000 customers across the Pacific Northwest.
Avista Corp. (NYSE: AVA) filed its first Clean Energy Implementation Plan (CEIP) with the Washington Utilities and Transportation Commission, making it the first utility in Washington to do so. The CEIP outlines the company's roadmap for achieving greenhouse gas neutrality by 2030 and 100% renewable energy by 2045. Key highlights include plans to meet 80% of Washington customer demand with renewable energy by 2022, selling renewable energy credits to reduce customer rates by 1% annually, and investing $5 million annually in disadvantaged communities. Full details are accessible on Avista's website.
Avista (NYSE: AVA) announces that as of October 1, 2021, there will be no rate change for customers following a settlement with the Washington Utilities and Transportation Commission (UTC). The UTC approved base revenue increases of $13.6 million for electric operations and $8.1 million for natural gas operations, offset by tax customer credits. The company’s rate of return on rate base is set at 7.12%, with a 9.4% return on equity. Avista aims to continue enhancing infrastructure without impacting customer bills immediately, despite some expenses not being approved for recovery.
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