Core Points - The U.S. Department of Energy is awarding $85,664,781 in grant funding to Avista and Idaho Power for the reconstruction of the Lolo-Oxbow 230-kV transmission line [1][2] - The project aims to improve power system resilience, increase interregional capacity by approximately 635 MW, and enable workforce development [1][2] - The GRIP Program, established by the Bipartisan Infrastructure Law, is a $10.5 billion investment to enhance grid flexibility and resilience [3] Company Overview - Avista Utilities provides energy services to 418,000 customers and natural gas to 382,000 customers across a service territory of 30,000 square miles [4] - Idaho Power serves over 640,000 customers in a 24,000-square-mile area, focusing on reliable and affordable clean energy [5] - Both companies are committed to modernizing infrastructure to meet growing energy needs and integrate renewable resources [2][5]

In a previous article about Evergy ( EVRG ) I explained the reasons why six to nine months ago I became increasingly interested in utilities: expectations for lower interest rates (process that has already started) and increased demand of electricity"Fundamental Options" would be the title of my investing style, because I combine fundamental analysis with the power of options. I use Fundamental Analysis to quantitatively and qualitatively assess individual stocks and ETFs, and I pursue various strategies: I ...

SPOKANE, Wash., Oct. 09, 2024 (GLOBE NEWSWIRE) -- In the wake of Hurricane Helene, Avista today sent three, five-member line crews and other personnel to Lake City, Florida to assist in electrical distribution infrastructure repairs as Hurricane Milton is expected to make landfall. Avista is a member of the Edison Electric Institute (EEI) Western Region Mutual Assistance Group (WRMAG) which is one of seven mutual assistance groups in the United States. The Avista crews are among several other regional utili ...

SPOKANE, Wash., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Avista, through a request for proposal (RFP), is seeking to secure renewable natural gas (RNG) resources for its customers over the long term. RNG is derived from organic waste streams that would otherwise release methane to the environment as they decompose. These sources include, for example, landfills, wastewater treatment plants, food waste and dairy waste. RNG is produced by capturing that methane that would otherwise escape to the atmosphere and purif ...

SPOKANE, Wash., Aug. 30, 2024 (GLOBE NEWSWIRE) -- 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 FilingsFour natural gas adjustments were filed, that if approved, are designed to change overall natural gas revenues as follows: Purchased Gas Cost Adjustment: ...

Leadership Transition - Avista Corp. CEO Dennis Vermillion will retire in the first quarter of 2025, transitioning his duties to Heather Rosentrater, who will become the first female CEO in the company's history effective January 1, 2025 [1][2][4] - Rosentrater has been with Avista since 1996, holding various leadership roles, and was appointed President and COO on October 1, 2023 [2][3] Succession Planning - Vermillion emphasized the importance of succession planning, stating that it has been carefully considered and planned over the years, ensuring a smooth transition for the company [2][4] - Rosentrater expressed her commitment to Avista's legacy and goals, focusing on clean energy and community support [3][4] Company Background - Avista Corp. is involved in the production, transmission, and distribution of energy, serving 418,000 electric customers and 382,000 natural gas customers across a service territory of 30,000 square miles [7] - The company has a population coverage of 1.7 million and operates a subsidiary in Alaska providing retail electric service [7]

James O'Neil Avista Corporation (NYSE:AVA) is a regulated electric utility that serves customers in the Pacific Northwest states of Washington, Oregon, and Idaho. The company also has a subsidiary that operates in Alaska: Avista Corporation Interestingly, though, we can see that the company’s service territory does not include many of the largest and most well-known cities in the area, such as Seattle and Olympia in Washington, Portland in Oregon, or Boise in Idaho. This is not necessarily a problem, ...

Group 1 - Avista Corp.'s board of directors has declared a quarterly dividend of $0.475 per share on the company's common stock, payable on September 13, 2024, to shareholders of record as of August 22, 2024 [1] - The board regularly considers the level of dividends based on various factors, including financial results, business strategies, and economic and competitive conditions [1] Group 2 - Avista Corp. is an energy company engaged in the production, transmission, and distribution of energy, serving 418,000 electric customers and 382,000 natural gas customers [2] - The company's service territory spans 30,000 square miles across eastern Washington, northern Idaho, and parts of southern and eastern Oregon, with a total population of 1.7 million [2] - Avista also operates a subsidiary, Alaska Energy and Resources Company, which provides retail electric service in Juneau, Alaska [2]

SPOKANE, Wash., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Avista Corp.’s (NYSE: AVA) board of directors has declared a quarterly dividend of $0.475 per share on the company’s common stock. The common stock dividend is payable September 13, 2024, to shareholders of record at the close of business on August 22, 2024. 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, including financial ...

Year-to-date consolidated earnings reflect strength of core utility operationsConfirming consolidated earnings guidance of $2.36 to $2.56 per diluted shareContinued investment in system improved reliability during recent heat wave SPOKANE, Wash., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE: AVA) today announced financial results for the second quarter of 2024. Net income and earnings per diluted share for the second quarter and year-to-date 2024 compared to the same periods in 2023 are presented in ...