Avista and Forest Service Agree on Relicensing Terms
August 17 2006 - 8:27PM
PR Newswire (US)
Settlement Supports New Programs and Improvements at Recreation
Facilities SPOKANE, Wash., Aug. 17 /PRNewswire-FirstCall/ -- Avista
(NYSE:AVA) and the U.S. Forest Service have signed a settlement
agreement on proposed license conditions for Avista's Post Falls
Hydroelectric Project. If adopted by the Federal Energy Regulatory
Commission (FERC), the conditions will serve to fund improved
recreation facilities as well as interpretive and educational
programs and visitor surveys on Lake Coeur d'Alene and adjacent
waterways. (Logo:
http://www.newscom.com/cgi-bin/prnh/20040128/SFW031LOGO ) Avista
has agreed to share funding for maintenance and improvements at
Bell Bay campground and at the Medimont and Rainey Hill recreation
areas. The company will also work with the Forest Service to
develop an interpretation and education plan that will encourage
resource protection, cooperation and public safety. "The funding
provided by this agreement will help the Forest Service continue to
provide important recreation services on Coeur d'Alene Lake and the
Coeur d'Alene River," said Ranotta McNair, forest supervisor, Idaho
Panhandle National Forests. In addition to annual funding during
the term of the new license, Avista has agreed to provide a 25
percent match toward improvements at the Forest Service sites.
"We're pleased with the collaboration that brought us to this
agreement," said Speed Fitzhugh, Avista relicensing specialist.
"The Forest Service and other public recreation providers agreed
early on in the relicensing process that Avista would share a fair
portion of the improvements and maintenance funding. This is a
win-win situation for all involved." Avista's combined funding
proposal for all recreation facilities on the Post Falls Project
calls for a total of $982,000 in one-time improvements and $160,000
in annual operation and maintenance funding. Additionally another
$60,000 in long term annual funding will be provided ten years
after the initial improvements are completed. Avista's license for
Post Falls and four other Spokane River dams expires in July 2007.
The company has worked collaboratively with stakeholders for
several years to develop a license proposal. FERC is now in the
process of evaluating license terms and conditions proposed by
agencies and organizations who are stakeholders in the relicensing
process. This is the second settlement agreement on the Post Falls
Project. Avista and the Bureau of Land Management announced an
agreement on July 12, 2006. Read the news release here:
http://www.avistacorp.com/news/default.asp?prid=1100 . 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 339,000 electric and 298,000 natural gas customers in
three Western states. Avista's non-regulated subsidiaries include
Advantage IQ 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/ . 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: Hugh
Imhof of Avista Corp., +1-509-495-4264, or , or Avista 24/7 Media
Access, +1-509-495-4174 Web site: http://www.avistacorp.com/
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