Avista Makes Annual Rate Adjustment Filings With The Washington Utilities And Transportation Commission; If Approved, Will Result In An Overall Decrease In Natural Gas Rates Of 13.9%, And An Overall Increase In Electric Rates Of 3.5%

Avista (NYSE:AVA) has made annual rate adjustment filings with the Washington Utilities and Transportation Commission (Commission) that if approved, will result in an overall decrease in natural gas rates of 13.9%, and an overall increase in electric rates of 3.5%.

 

Washington Natural Gas Adjustment Filings

Four natural gas adjustments were filed, that if approved, are designed to change overall natural gas revenues as follows:

1. Purchased Gas Cost Adjustment: decrease of $74.5 million or 24.6%
2. Climate Commitment Act: increase of $25.2 million or 8.3%
3. Low Income Rate Assistance Program: increase of $6.8 million or 2.3%
4. Insurance Expense Balancing: increase of $0.2 million or 0.1%

Washington Electric Adjustment Filings

Five electric adjustments were filed, that if approved, are designed to change overall electric revenues as follows:

1. Wildfire Expense Balancing: increase of $1.4 million or 0.2%
2. Residential Exchange Program: decrease of $0.7 million or 0.1%
3. Insurance Expense Balancing: increase of $4.6 million or 0.7%
4. Clean Energy Implementation Plan: increase of $2.1 million or 0.3%
   1. Low Income Rate Assistance Program: increase of $15.3 million or 2.3%