AVISTA CORP. overview

SPOKANE, Wash., March 25, 2020 (GLOBE NEWSWIRE) -- Avista’s (NYSE: AVA) electric and natural gas general rate cases concluded today with an order received from the Washington Utilities and Transportation Commission (UTC or Commission) that approved the partial multi-party settlement filed in November 2019 and that will keep rates reasonable for customers during this difficult time. “We appreciate the Commission’s efforts to arrive at a result that keeps rates affordable for our customers...

SPOKANE, Wash., March 06, 2020 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA) today received an order from the Washington Utilities and Transportation Commission (WUTC or Commission) that will refund $8.4 million to Avista’s customers as a result of the appeal and remand of the Company’s 2015 general rate cases. “We believe this outcome is fair and reasonable for our customers, shareholders and Avista,” said Dennis Vermillion, Avista president and CEO. “We take our responsibility to provide...

SPOKANE, Wash., Feb. 28, 2020 (GLOBE NEWSWIRE) -- Avista Utilities , an operating division of Avista Corp. (NYSE: AVA), is planning to reduce carbon-emitting resources from its portfolio in alignment with the company’s clean electricity goal announced in 2019. In its 2020 Electric Integrated Resource Plan (IRP) filed today with the Idaho Public Utility Commission, Avista is projecting a much cleaner generation mix. “This IRP reflects a significant reduction in fossil fuel generation for our...

SPOKANE, Wash., Feb. 26, 2020 (GLOBE NEWSWIRE) -- Avista Corp. ( NYSE: AVA ) today reported net income attributable to Avista Corp. shareholders of $197.0 million, or $2.97 per diluted share for the year ended Dec. 31, 2019, compared to $136.4 million, or $2.07 per diluted share for the year ended Dec. 31, 2018. For the fourth quarter of 2019, net income attributable to Avista Corp. shareholders was $50.8 million, or $0.76 per diluted share, compared to $45.8 million, or $0.70 per diluted share...

SPOKANE, Wash., Feb. 25, 2020 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE: AVA) , a Washington state-based energy company with operations spanning five states, has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2020 World’s Most Ethical Companies . Avista has always had a commitment to conducting business and delivering its products in ways that create broader societal value. Founded on clean, renewable hydro...

SPOKANE, Wash., Feb. 10, 2020 (GLOBE NEWSWIRE) -- Avista announced today that Senior Vice President, Chief Legal Officer and Corporate Secretary Marian Durkin will retire on Aug. 1, 2020. Durkin joined Avista on Aug. 1, 2005 as Senior Vice President and General Counsel. Soon after arriving at Avista, she added responsibilities for Chief Compliance Officer. And in 2016, she became Corporate Secretary. “We want to thank Marian for her 15 years of service to Avista. During her tenure, Marian has...

SPOKANE, Wash., Feb. 05, 2020 (GLOBE NEWSWIRE) -- Avista Corp.’s ( NYSE: AVA ) board of directors has declared a quarterly dividend of $0.405 per share on the company’s common stock, an increase of $0.0175 per share (4.5 percent), yielding an annualized dividend of $1.62. The common stock dividend is payable March 13, 2020, to shareholders of record at the close of business on Feb. 21, 2020. “The dividend increase approved by the board of directors marks the eighteenth consecutive year the...

SPOKANE, Wash., Jan. 22, 2020 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE: AVA) will hold its quarterly conference call and webcast to discuss fourth quarter 2019 results on Wednesday, Feb. 26, 2020, at 10:30 a.m. Eastern Standard Time. A news release with fourth quarter 2019 earnings information will be issued at 7:05 a.m. Eastern Standard Time on Feb. 26, 2020. This call can be accessed on Avista’s website at investor.avistacorp.com , or you can listen to the call by dialing (888) 771-4371,...

SPOKANE, Wash., Dec. 02, 2019 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA) received approval from the Idaho Public Utilities Commission (IPUC or Commission) of the all-party settlement that was filed on Oct. 11, 2019, concluding the Company’s electric general rate case. New electric rates are effective as of Dec. 1, 2019. The approved rates are designed to decrease annual billed electric revenues by $7.18 million, or 2.84%, effective Dec. 1, 2019. The approved revenue decreases are based on a 9.5%...

SPOKANE, Wash., Nov. 21, 2019 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA) and certain parties to the company’s electric and natural gas general rate cases have reached a partial settlement agreement that has been submitted to the Washington Utilities and Transportation Commission (UTC or Commission) for its consideration. If approved, new rates would take effect April 1, 2020. The partial settlement agreement includes, among other things, agreement among all parties on the electric revenue increase...

SPOKANE, Wash., Nov. 07, 2019 (GLOBE NEWSWIRE) -- Avista Corp. ( NYSE: AVA ) today reported net income attributable to Avista Corp. shareholders of $5.1 million, or $0.08 per diluted share for the third quarter of 2019, compared to $10.1 million, or $0.15 per diluted share for the third quarter of 2018. For the nine months ended Sept. 30, 2019, net income attributable to Avista Corp. shareholders was $146.2 million, or $2.21 per diluted share, compared to $90.6 million, or $1.37 per diluted...

SPOKANE, Wash., Nov. 05, 2019 (GLOBE NEWSWIRE) -- Avista Corp.’s ( NYSE: AVA ) board of directors has declared a quarterly dividend of $0.3875 per share on the company’s common stock. The common stock dividend is payable Dec. 13, 2019, to shareholders of record at the close of business on Nov. 21, 2019. The declaration of dividends is at the sole discretion of the board of directors. The board considers the level of dividends on a regular basis, taking into account numerous factors,...

SPOKANE, Wash., Oct. 11, 2019 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA) and all parties to the company’s electric general rate case have reached a settlement agreement that has been submitted to the Idaho Public Utilities Commission (IPUC or Commission) for its consideration. If approved, new rates would take effect Dec. 1, 2019. If approved, the settlement agreement is designed to decrease annual billed electric revenues by $7.18 million, or 2.84%, effective Dec. 1, 2019. The settlement revenue...

SPOKANE, Wash., Oct. 09, 2019 (GLOBE NEWSWIRE) -- Avista’s (NYSE: AVA) natural gas rate case has concluded with an order from the Public Utility Commission of Oregon (PUC) that approves the all-party settlements filed in July and August 2019. New rates will take effect on Jan. 15, 2020. The Commission approved rates designed to increase annual natural gas billed revenues by $3.6 million, or 4.2%. “The Commission’s decision represents positive outcomes for our customers, the company and our...