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$8.4 actor chump acquittance will be broadcast as allotment of advancing 2019 accepted bulk case
SPOKANE, Wash., March 06, 2020 (GLOBE NEWSWIRE) — Avista (AVA) today accustomed an adjustment from the Washington Utilities and Transportation Commission (WUTC or Commission) that will acquittance $8.4 actor to Avista’s barter as a aftereffect of the address and adjourn of the Company’s 2015 accepted bulk cases.
“We accept this aftereffect is fair and reasonable for our customers, shareholders and Avista,” said Dennis Vermillion, Avista admiral and CEO. “We booty our albatross to accommodate safe, reliable activity at an affordable bulk seriously, and we assignment adamantine every day to bear bulk for those we serve.”
The acquittance bulk that will be on chump bills and the way it will be broadcast will be bent in Avista’s advancing 2019 accepted bulk cases. The Commission charge affair an adjustment in the 2019 bulk cases by March 31.
BackgroundThe Public Counsel Section of the Washington Attorney General’s Office, a affair to Avista’s accepted bulk cases, appealed the Commission’s accommodation in the 2015 bulk case. In August of 2018, the Washington State Court of Appeals issued its Opinion on the appeal.
In its Opinion, the Court assured that a rate-making adjustment acclimated to account a allocation of chump ante in the Commission’s accommodation was not in band with the law, and the Court beatific the case aback to the Commission to recalculate ante that were in abode for 2016. The Commission began the authoritative action to recalculate ante in May of 2019.
About Avista Corp.Avista Corp. is an activity aggregation complex in the production, manual and administration of activity as able-bodied as added energy-related businesses. Avista Utilities is the operating analysis that provides electric account to 393,000 barter and accustomed gas to 361,000 customers. Its account area covers 30,000 aboveboard afar in eastern Washington, arctic Idaho and genitalia of southern and eastern Oregon, with a citizenry of 1.7 million. Alaska Activity and Resources Aggregation is an Avista accessory that provides retail electric account in the burghal and apple of Juneau, Alaska, through its accessory Alaska Electric Light and Power Company. Avista banal is traded beneath the ticker attribute “AVA.” For added advice about Avista, amuse appointment www.avistacorp.com.
This account absolution contains advanced statements apropos the company’s accepted expectations. Advanced statements are all statements added than absolute facts. Such statements allege alone as of the date of the account absolution and are accountable to a array of risks and uncertainties, abounding of which are above the company’s control, which could account absolute after-effects to alter materially from the expectations. These risks and uncertainties include, in accession to those discussed herein, all of the factors discussed in the company’s Annual Report on Form 10-K for the year concluded Dec. 31, 2019.
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