Avista Corporation Q4 2025 Earnings Call Summary

Management is shifting strategic focus toward the core utility business, introducing non-GAAP utility earnings to exclude volatile nonregulated valuation swings. The 2025 utility performance was impacted by a $0.07 per share headwind from a Washington Commission order regarding Colstrip-related investment recovery. A significant data center developer has provided a deposit for a project expected to scale from 125 megawatts to 500 megawatts by 2030. The company filed a four-year rate plan in Washingt ...