Over the past year, shares of AVA have lost 0.8% compared with the industry’s 5.8% decline. It also provides rebates and incentives through its outreach programs. Effective Sep 1, 2024, the electric bill will show an increase of $2.06 per month (2.2%) for a revised bill of $97.61, while the natural gas bill will show a rise of 3 cents per month (0%) for a revised bill of $74.65.Īvista also provides services to help customers manage their energy bills, including comfort level billing, payment plans and Customer Assistance Referral and Evaluation Services (CARES), which assists customers with special needs by referring them to local organizations and churches for assistance with housing, utilities, medical assistance, and other needs. Once the aforementioned settlement is approved, an average 927 kWh residential customer electric bill will show an increase of $10.15 per month (11.9%) for a revised bill of $95.55 and an average 64 therms per month residential natural gas customer will see an increase of $1.20 per month (1.6%) for a revised bill of $74.62, effective Sep 1, 2023. The proposed electric and natural gas revenue increase requests are based on a rate of return (ROR) of 7.59%, with a common equity ratio of 50% and a return on equity (ROE) of 10.25%.

This agreement has been submitted to the Idaho Public Utilities Commission for consideration and will resolve all issues in the proceeding.Īvista had originally proposed a base electric revenue increase of $37.5 million (14.7%) effective Sep 1, 2023, and $13.2 million (4.5%) effective Sep 1, 2024, and a base gas revenue increase of $2.8 million (2.7%) and $0.1 million (0.1%), respectively. Avista Corporation ( AVA Quick Quote AVA - Free Report) recently announced that it has successfully reached a settlement agreement with Idaho Public Utilities Commission staff, Idaho Forest Group, LLC, Clearwater Paper Corporation and Walmart Inc, concerning the Idaho General Rate Case.

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