Benzinga | Jun 14, 2021 04:13PM EDT

Avista Says Reaches All-Party Settlement In Idaho General Rate Case

Avista (NYSE:AVA) and all parties to the Company's electric and natural gas general rate case have reached a settlement agreement that has been submitted to the Idaho Public Utilities Commission for its consideration.



If approved, the settlement agreement is designed to increase annual base electric revenues by $10.6 million or 4.3%, effective Sept. 1, 2021, and by $8.0 million or 3.1%, effective Sept. 1, 2022. For natural gas, the settlement agreement is designed to decrease annual base natural gas revenues by $1.6 million or 3.7%, effective Sept. 1, 2021, and increase annual base natural gas revenues by $0.9 million or 2.2%, effective Sept. 1, 2022. The parties have agreed to use the customer tax credits included in Avista's original filing to offset overall proposed changes to base electric and natural gas rates over the two-year plan.