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 reports recurring developments for a regulated energy company that produces, transmits and distributes electricity and distributes natural gas. Its Avista Utilities division serves eastern Washington, northern Idaho and parts of southern and eastern Oregon, while Alaska Energy and Resources Company provides retail electric service in Juneau, Alaska through Alaska Electric Light and Power Company.
Company news commonly covers utility earnings and guidance, board actions on common stock dividends, state rate filings, clean energy implementation plans, integrated resource planning, resource solicitations and demand-response or capacity additions. Updates also address regulatory proceedings before utility commissions and capital investment plans tied to reliability, resource adequacy and customer energy needs.
Avista Foundation has awarded $316,250 in grants during Q1 2025 to support health and human services across five states. The foundation distributed funds to 58 nonprofit organizations in Washington, Idaho, Oregon, Alaska, and Montana.
Notable grants include $60,000 to Upper Columbia Resource Conservation and Development District, $50,000 to Pullman Regional Hospital Foundation, and $20,000 to Cancer Can't. The grants focus on supporting essential healthcare and social services initiatives across these communities.
Organizations interested in funding can check their eligibility and apply through avistafoundation.com.
Avista Corp. (NYSE: AVA) has announced its first quarter 2025 earnings conference call and webcast scheduled for May 7, 2025, at 12:30 p.m. EDT. The earnings release will be issued at 7:05 a.m. EDT on the same day.
The company serves as a major energy provider with Avista Utilities operating across eastern Washington, northern Idaho, and parts of Oregon, serving 422,000 electric customers and 383,000 natural gas customers across a 30,000 square mile territory with a population of 1.7 million. Through its subsidiary Alaska Electric Light and Power Company, Avista also provides electric service to 18,000 customers in Juneau, Alaska.
Avista (AVA) has submitted its 2025 Natural Gas Integrated Resource Plan (IRP) to state regulators in Washington, Idaho, and Oregon. The biennial plan outlines strategies for meeting projected energy demands and emissions compliance requirements over the next 20 years.
The IRP, developed with input from a Technical Advisory Committee including commission staff, utilities, customers, and stakeholders, presents a preferred resource portfolio designed to address future energy needs while complying with emissions legislation, particularly Oregon's Climate Protection Program and Washington's Climate Commitment Act.
According to Scott Kinney, Avista's Vice President of Energy Resources & Integrated Planning, the comprehensive plan ensures continued safe and reliable natural gas service delivery while meeting state-specific emissions requirements. The plan is now under review by utility commissions and open for public comment.
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.
Avista (NYSE: AVA) has reached a comprehensive settlement agreement in its Oregon natural gas general rate case with multiple parties including the Public Utility Commission of Oregon Staff and Oregon Citizens' Utility Board. The settlement, pending commission approval, would result in a $4.2 million base revenue increase, reduced from the original $7.8 million request.
The agreement features a 7.219% rate of return with a 50% common equity ratio and 9.5% return on equity. Through accelerated customer tax credits over three years, the overall customer impact would be to 2.0%. For residential customers using an average of 48 therms monthly, this translates to a $1.36 monthly increase, raising bills from $69.55 to $70.91 effective September 1, 2025.
The settlement affects Avista's approximately 107,000 Oregon customers and includes provisions for customer assistance through bill discount programs and energy efficiency initiatives.
Avista Corp. (NYSE: AVA) reported consolidated earnings of $2.29 per diluted share for 2024 and initiated 2025 guidance of $2.52 to $2.72 per share. The company made significant progress in regulatory strategy with constructive outcomes in Washington rate cases.
Key financial highlights for 2024 include:
- Record capital investment levels with Avista Utilities spending $510 million
- AEL&P capital expenditures of $23 million
- Issued $68 million of common stock and remarketed $84 million of long-term debt
- Available liquidity of $153 million under committed credit line
For 2025, Avista plans $525 million in capital expenditures and expects to issue $120 million of long-term debt and up to $80 million of common stock. The company projects long-term earnings growth of 4-6% from the 2025 base year.
Avista Corp. (NYSE: AVA) has announced an increase in its quarterly dividend to $0.49 per share on common stock, representing a $0.015 increase. This adjustment results in an annualized dividend of $1.96. The dividend will be paid on March 14, 2025, to shareholders of record as of February 26, 2025.
This marks the twenty-third consecutive year of dividend increases by Avista's board of directors, reflecting their commitment to maximizing shareholder value and returns. The board's dividend decisions are based on various factors, including financial results, business strategies, and economic conditions.
Avista (NYSE: AVA) has filed a multi-year rate plan with the Idaho Public Utilities Commission seeking to recover infrastructure investment costs. The two-year plan proposes electric rate increases of 14.4% ($43.0 million) effective September 2025 and 5.2% ($17.7 million) effective September 2026. For natural gas, increases of 10.3% ($8.8 million) and 1.0% ($1.0 million) are proposed for the same periods.
Idaho residential customers using 939 kWh monthly would see their electric bills rise by $15.36 to $119.66 in 2025, and by $6.36 to $126.02 in 2026. Natural gas customers using 66 therms monthly would experience increases of $6.29 and $0.88 in respective years. The plan includes infrastructure upgrades, wood pole management, wildfire resiliency measures, and technology improvements.
Avista Foundation has announced its fourth quarter 2024 grants, awarding $54,650 to 21 nonprofit organizations across Washington, Idaho, Oregon, and Alaska. The foundation's competitive grant program distributed a total of $563,285 to 125 non-profit organizations throughout 2024 within Avista's service area.
The Q4 grants support various environmental initiatives, arts, and cultural programs, including Feast Collective's music and arts experiences, Klamath Watershed Partnership's wetland restoration, and Carrousel Players' theatre productions. Individual grants ranged from $500 to $7,500, with recipients spanning environmental conservation, performing arts, and community development projects.
The foundation continues its grant cycles, with the next health and human service proposals due by February 1, 2025.
Avista Corp. (NYSE: AVA) has announced its upcoming fourth quarter 2024 earnings conference call and webcast, scheduled for February 26, 2025, at 10:30 a.m. Eastern Standard Time. The earnings release will be issued earlier that day at 7:05 a.m. EST.
The company serves 418,000 electric customers and 382,000 natural gas customers across a 30,000 square mile territory in eastern Washington, northern Idaho, and parts of Oregon. Through its subsidiary Alaska Electric Light and Power Company, Avista also provides electric service to 18,000 customers in Juneau, Alaska. The total service area encompasses a population of 1.7 million.