SPOKANE, Wash., Oct. 29, 2024 (GLOBE NEWSWIRE) -- The Avista Foundation is awarding $122,750 in grants to 27 nonprofit organizations in Washington, Idaho, Oregon, and Alaska to support economic and community development. "With these contributions, the Avista Foundation is creating positive change, driving economic development, and enriching our communities," said Dennis Vermillion, Avista CEO. The third-quarter grants support a diverse range of organizations and programs. A few examples include: Supporting ...

SPOKANE, Wash., Oct. 28, 2024 (GLOBE NEWSWIRE) -- The Q’emiln Park boat launch ramp on the Spokane River in Post Falls, Idaho, will be closed for the season beginning Monday, Nov. 11. The ramp, located upstream of Avista’s Post Falls Hydroelectric Development, is typically closed each year in mid-November due to weather conditions and dropping water levels. The boat launch must remain closed for safety reasons for much of the fall through spring. Generally, the ramp re-opens in the late spring or early summ ...

Core Viewpoint - The analysis compares Avista (AVA) and Consolidated Edison (ED) to determine which stock offers better value for investors, highlighting AVA's stronger earnings estimate revisions and overall valuation metrics [1]. Group 1: Zacks Rank and Earnings Outlook - Avista (AVA) has a Zacks Rank of 2 (Buy), indicating a favorable earnings estimate revision trend, while Consolidated Edison (ED) has a Zacks Rank of 3 (Hold) [1]. - The improving analyst outlook for AVA suggests a more positive earnings forecast compared to ED [1]. Group 2: Valuation Metrics - AVA has a forward P/E ratio of 15.99, significantly lower than ED's forward P/E of 20.25, indicating that AVA may be undervalued [2]. - The PEG ratio for AVA is 3.32, while ED's PEG ratio is 3.63, suggesting that AVA offers better value relative to its expected earnings growth [2]. - AVA's P/B ratio is 1.19, compared to ED's P/B ratio of 1.72, further supporting the notion that AVA is more attractively priced [2]. Group 3: Overall Value Assessment - Based on the valuation metrics, AVA has earned a Value grade of B, while ED has a Value grade of C, indicating that AVA is currently the superior value option [3]. - The combination of AVA's improving earnings outlook and favorable valuation metrics positions it as a more attractive investment choice compared to ED [3].

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, ...