Avista Calls for Additional Renewable Energy
January 04 2006 - 3:16PM
PR Newswire (US)
New Resources Needed for Expected Growth SPOKANE, Wash., Jan. 4
/PRNewswire-FirstCall/ -- Avista Utilities, an operating division
of Avista Corp. (NYSE:AVA) is seeking proposals from suppliers of
renewable energy to meet its projected need for additional
cost-effective energy resources. The request for proposals (RFP) is
based on future growth in demand for electricity as identified in
Avista's 2005 Integrated Resource Plan (IRP). (Logo:
http://www.newscom.com/cgi-bin/prnh/20040128/SFW031LOGO ) Avista
currently supplies about 54 percent of its electric needs through
renewable hydropower. Other renewable resources utilized by Avista
include wood waste and wind power. Avista is now seeking proposals
to add approximately 35 average megawatts (aMW) of long-term
renewable energy supplies to begin during the fourth quarter of
2007. Avista's IRP identifies a preferred resource strategy
consisting of a mix of five resource categories including
conservation, upgrades to existing generation facilities, wind,
other renewables and coal. In total, conservation, plant upgrades
and renewables provide more than half of new load requirements over
the IRP time frame. "We are actively pursuing various elements of
our resource strategy. In this RFP we are addressing the first of
those components to help secure resources at the lowest reasonable
costs for our customers," said Dick Storro, director of power
supply for Avista Utilities. "Later this year we will also be
looking for proposals to implement additional effective
conservation programs and other elements of our preferred resource
strategy." According to projections, energy deficits on a quarterly
basis will begin in 2007 and capacity deficits on a quarterly basis
begin in 2009. Annual energy deficits are projected to begin in
2010, with loads exceeding resource capability by 40 aMW. Energy
deficits rise to 360 aMW in 2016. Responses to the renewables
request for proposals are due on February 1, 2006. The full RFP is
posted on the Avista Utilities web site at:
http://www.avistautilities.com/resources/renewable_rfp.asp Avista
Corp. is an energy company involved in the production, transmission
and distribution of energy as well as other energy-related
businesses. Avista Utilities is a company operating division that
provides service to 330,000 electric and 285,000 natural gas
customers in three western states. Avista's non-regulated
subsidiaries include Avista Advantage and Avista Energy. Avista
Corp.'s stock is traded under the ticker symbol "AVA." For more
information about Avista, please visit http://www.avistacorp.com/.
This news release contains forward-looking statements, including
statements regarding projected energy deficits in future periods.
Such statements are subject to a variety of risks, uncertainties
and other factors, most of which are beyond the company's control,
and many of which could have a significant impact on the company's
operations, results of operations and financial condition, and
could cause actual results to differ materially from those
anticipated. For a further discussion of these factors and other
important factors, please refer to the company's Annual Report on
Form 10-K for the year ended Dec. 31, 2004 and Quarterly Report on
Form 10-Q for the quarter ended Sept. 30, 2005. The forward-looking
statements contained in this news release speak only as of the date
hereof. The company undertakes no obligation to update any
forward-looking statement or statements to reflect events or
circumstances that occur after the date on which such statement is
made or to reflect the occurrence of unanticipated events. New
factors emerge from time to time, and it is not possible for
management to predict all of such factors, nor can it assess the
impact of each such factor on the company's business or the extent
to which any such factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statement. NOTE: Avista Corp. and the Avista Corp.
logo are trademarks of Avista Corporation.
http://www.newscom.com/cgi-bin/prnh/20040128/SFW031LOGO
http://photoarchive.ap.org/ DATASOURCE: Avista Corp. CONTACT:
media, Hugh Imhof, +1-509-495-4264, or , or investors, Jason Lang,
+1-509-495-2930, or , or Avista 24/7 Media Access, +1-509-495-4174,
all of Avista Corp. Web site: http://www.avistacorp.com/
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