Avista signs new renewable natural gas contract

Core Insights - Avista has signed an agreement with Pine Creek RNG to purchase renewable natural gas produced at the Quad Cities Landfill in Milan, Illinois, marking its fourth contract with Pine Creek [1][2] - The Milan project is expected to be completed by the end of 2024 and will produce 3 million therms of RNG annually, contributing to a total of 9.7 million therms from all Pine Creek projects contracted with Avista, equivalent to the natural gas usage of approximately 17,500 homes [2] - The partnership aims to help Avista achieve its emission reduction goals and is supported by recent legislative changes that facilitate utilities' entry into the RNG market [2] Company Overview - Avista Corp. is involved in the production, transmission, and distribution of energy, serving 411,000 electric customers and 377,000 natural gas customers across a service territory of 30,000 square miles in eastern Washington, northern Idaho, and parts of Oregon [3] - The company operates under the ticker symbol "AVA" and has a population coverage of 1.7 million [3] Pine Creek RNG Overview - Pine Creek RNG is a vertically integrated producer of renewable natural gas, developing and operating RNG facilities across the U.S. [5] - The company partners with landfill owners and industrial digesters to convert raw biogas into low carbon fuels, leveraging over 30 years of experience in the alternative fuel market [5]