Avista reaches all-party, all issues settlement in Oregon general rate case

Core Viewpoint - Avista has reached a settlement agreement regarding its natural gas general rate case, which, if approved, will result in a base revenue increase of $4.2 million, significantly lower than the original request of$7.8 million, with new rates taking effect on September 1, 2025 [1][2]. Revenue Impact - The settlement proposes a rate of return of 7.219% with a common equity ratio of 50% and a 9.5% return on equity [2]. - The overall increase for customers will be 2.0%, with specific impacts varying by customer rate schedule [2][5]. Customer Bill Changes - A residential natural gas customer using an average of 48 therms per month would see an increase of $1.36 per month, raising their bill from$69.55 to $70.91 [4]. - The billing changes by rate schedule include: - Single-Family Residential: 2.0% - Multi-Family Residential: -0.7% - General Service: 2.5% - Large General Service: 1.2% - Interruptible Service: 0.7% - Seasonal Service: 0.8% - Transportation Service: 1.6% [5]. Customer Base - Avista serves approximately 107,000 customers in Oregon [6]. Company Overview - Avista Corp. is involved in the production, transmission, and distribution of energy, serving 422,000 electric customers and 383,000 natural gas customers across a service territory of 30,000 square miles [9].