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) reported a net income of $71.6 million, or $0.99 per diluted share for Q1 2022, up from $68 million, or $0.98 per diluted share in Q1 2021. The growth was attributed to higher earnings from Avista Utilities, driven by customer growth and completed rate cases in Idaho and Washington. The company anticipates higher interest and energy costs for the rest of 2022 but remains on track to meet its earnings guidance of $1.93 to $2.13 per diluted share. For 2023, the guidance is $2.42 to $2.62 per diluted share.
The Avista Foundation has announced first-quarter grants totaling $185,850 to 31 non-profit organizations across Washington, Idaho, Oregon, and Montana. This initiative showcases the foundation's commitment to aiding vulnerable populations through grants aimed at healthcare, nutrition, and housing. In 2021, combined donations surpassed $2.6 million from Avista and its foundation. Established in 2002, the foundation has donated over $13 million to various causes, focusing on education and cultural vitality.
Avista Corp. (NYSE: AVA) has scheduled its quarterly conference call for discussing first quarter 2022 results on May 4, 2022, at 10:30 a.m. EDT. A news release with earnings information will be available at 7:05 a.m. on the same day. Investors can access the call via the company’s website or by dialing (855) 806-8606. A replay of the call will be available until May 11, 2022. Avista provides electric and natural gas services to over 772,000 customers across Washington, Idaho, and Oregon, while its Alaska subsidiary serves 17,000 customers in Juneau.
Summary not available.
Avista Utilities and Tacoma Power have officially joined the Western Energy Imbalance Market (WEIM) as of March 2, 2022, enhancing grid efficiencies for their combined 600,000 electric customers. This participation aims to integrate more renewable energy, provide cost-effective energy solutions, and support environmental initiatives by reducing greenhouse gas emissions through minimized renewable curtailments. The WEIM will soon have 19 members serving nearly 77% of electricity demand in the Western U.S., with cumulative benefits projected to exceed $2 billion.
Avista Corp. reported a net income of $147.3 million, or $2.10 per diluted share for 2021, up from $129.5 million or $1.90 in 2020. However, Q4 2021 net income fell to $50.9 million ($0.71/share) from $58.7 million ($0.85/share) in Q4 2020. The company expects 2022 and 2023 earnings guidance between $1.93 to $2.13 and $2.42 to $2.62 per share, respectively, driven by regulatory rate relief. Avista Edge will launch a broadband pilot in Cheney, WA.
Avista has issued a request for proposals (RFP) to enhance its energy portfolio and meet clean energy goals. The RFP aims to secure power generation and demand management solutions to fulfill resource needs between 2026 and 2030, according to the company's 2021 Electric Integrated Resource Plan (IRP). Avista seeks to achieve 100% clean electricity by 2045 and carbon neutrality by 2027, with a target of adding approximately 196 MW of winter capacity and 190 MW of summer capacity. Proposals are due by March 25, 2022.
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.