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Avista Corporation - $AVA STOCK NEWS

Welcome to our dedicated page for Avista Corporation news (Ticker: $AVA), a resource for investors and traders seeking the latest updates and insights on Avista Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Avista Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Avista Corporation's position in the market.

Rhea-AI Summary
Avista (NYSE:AVA) received approval from the Idaho Public Utilities Commission (IPUC) for new rates, increasing annual base electric revenues by $22.1 million or 8.0% on Sept. 1, 2023, and by $4.3 million or 1.4% on Sept. 1, 2024. Annual base natural gas revenues will increase by $1.3 million or 2.7% on Sept. 1, 2023, and by $0.003 million or 0.01% on Sept. 1, 2024.
Rhea-AI Impact
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End-of-Day
0.21%
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-1.88%
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Rhea-AI Summary
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-1.88%
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dividends
Rhea-AI Summary
Avista Corp. (NYSE: AVA) reported Q2 2023 net income of $17.5M, up from $11.5M in Q2 2022. Despite higher costs under the Energy Recovery Mechanism due to poor hydro conditions, Avista expects to meet 2023 earnings guidance of $2.27 to $2.47 per diluted share.
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Rhea-AI Sentiment
End-of-Day
3.12%
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Rhea-AI Summary
Avista has filed annual rate adjustment filings with the Idaho Public Utilities Commission (IPUC) to increase overall electric revenues by approximately $6.1 million or 2.4% effective Oct. 1, 2023, and decrease overall natural gas revenue by approximately $0.4 million or 0.4% effective Nov. 1, 2023. If approved, residential electric customers in Idaho would see their monthly bills increase by $1.14 or approximately 1.3%. Residential natural gas customers would see their monthly bills decrease by $0.13 or approximately 0.2%.
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-2.92%
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Rhea-AI Summary
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0.49%
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Rhea-AI Summary
Avista Corp. will hold its quarterly conference call and webcast to discuss second quarter 2023 results on August 2, 2023. A news release with earnings information will be issued at 7:05 a.m. Eastern Daylight Time on the same day. Avista Corp. is an energy company involved in the production, transmission, and distribution of energy. Avista Utilities provides electric service to 414,000 customers and natural gas to 379,000 customers.
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-3.34%
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0.38%
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1.99%
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0.57%
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Avista Corporation

NYSE:AVA

AVA Rankings

AVA Stock Data

2.99B
77.42M
0.85%
89.13%
3.79%
Hydroelectric Power Generation
Utilities
Link
United States of America
SPOKANE

About AVA

avista utilities: avista is involved in the production, transmission and distribution of energy. we provide energy services and electricity to 360,000 customers and natural gas to 321,000 customers in a service territory that covers 30,000 square miles in eastern washington, northern idaho and parts of southern and eastern oregon, with a population of 1.5 million. avista is an operating division of avista corp. www.myavista.com