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 US (AVA) delivers essential energy services across the Pacific Northwest through regulated electric and natural gas utilities. This page provides investors and stakeholders with authoritative updates on operational developments, financial performance, and regulatory milestones.
Access timely press releases covering earnings announcements, infrastructure investments, and sustainability initiatives. Our curated collection includes filings with state utility commissions, grid modernization progress reports, and community engagement updates.
Key updates feature rate case decisions, transmission system enhancements, and wildfire mitigation strategies. Monitor strategic developments through verified announcements about service territory expansions, renewable energy projects, and leadership changes.
Bookmark this page for direct access to Avista's official communications. Check back regularly to stay informed about critical updates affecting one of the Northwest's essential energy providers.
The Avista Foundation has awarded $201,750 in grants to 40 nonprofit organizations across Washington, Idaho, and Oregon to support education and youth development. This is part of the foundation's larger grant program, which has distributed over $385,750 in 2024 so far. The grants support a diverse range of programs, including:
- Scholarships for childcare and summer camps at Northeast Youth Center in Spokane
- A shoe drive for children in Lewiston, Idaho through LC Crew
- Expansion of STEAM programs at Boys and Girls Club of the Rogue Valley in Southern Oregon
Avista CEO Dennis Vermillion emphasized the company's commitment to making a difference in young people's lives through these vital programs. The foundation offers four grant cycles annually, with the next Economic and Community Vitality Proposals due by August 1, 2024.
Avista Corp. (NYSE: AVA) will discuss its second quarter 2024 results in a conference call and webcast on August 7, 2024, at 10:30 a.m. EDT. The earnings release will be issued at 7:05 a.m. EDT on the same day. Pre-registration is required via Avista's investor website. The webcast replay will be available for one year. Avista Corp. is involved in energy production, transmission, and distribution, servicing areas in eastern Washington, northern Idaho, and parts of Oregon, as well as Juneau, Alaska. Avista Utilities provides electric and natural gas services to over 800,000 customers.
Exceleron Software and PayGo Utilities have merged to form Empower Grid Holdings (EGH), backed by Moore Strategic Ventures, Accurant International, and Avista Development. This merger aims to enhance affordability, engagement, choice, and revenue assurance for utilities in North America, Asia Pacific, and Latin America. Exceleron CEO Bob Crenshaw and PayGo CEO Jeff Weiser will serve as Co-CEOs. The combined entity will provide innovative solutions to over 75 utilities across 23 states, enhancing customer satisfaction and energy savings. The merger is seen as a strategic move to meet growing utility demands and customer expectations during the Energy Transition.
Avista Foundation awarded over $184,000 in grants to 37 non-profit organizations in the first quarter of 2024, focusing on health and human services. In 2023, over $1.8 million was donated. Avista CEO emphasizes the importance of supporting communities for resilience and interconnectedness. The foundation has granted over $16 million since 2002.
Avista is enhancing its wildfire mitigation plan by adding Public Safety Power Shutoffs (PSPS) in extreme weather conditions to protect public safety. The company has been implementing changes to its power line operations, such as Fire Safety Mode, to reduce the risk of fires. Avista has also committed to a 10-year Wildfire Resiliency Plan, completing grid hardening projects and increasing vegetation management.
Avista Corp.'s board of directors declared a quarterly dividend of $0.475 per share on the company's common stock. The dividend is payable on June 14, 2024, to shareholders of record on May 23, 2024. The board considers various factors in determining the dividend level.
Avista Corp. reported Q1 2024 financial results with earnings per diluted share of $0.91, meeting expectations. The company confirmed 2024 earnings guidance of $2.36 to $2.56 per diluted share. Avista CEO Dennis Vermillion expressed optimism despite challenges like the Energy Recovery Mechanism impact and extreme weather conditions. The company is focused on operational efficiency and future growth.
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