Avista's Idaho Customers Could See Decrease in Electric Bills
July 28 2011 - 4:05PM
Marketwired
Over 122,000 Avista (NYSE: AVA) electric customers in Idaho could
see a decrease in their electric bill beginning Oct. 1, 2011, if
the request the company made today in its annual Power Cost
Adjustment Surcharge (PCA) filing is approved by the Idaho Public
Utilities Commission (IPUC).
The annual PCA adjustment seeks to recover the difference
between Avista's actual cost of generating and purchasing electric
power to serve its Idaho customers and the cost currently included
in customer rates. The requested decrease would reduce revenue by
$15.4 million for the 12-month period ending June 30, 2012, but
would have no impact on company earnings.
A residential customer using an average of 956 kilowatt-hours a
month could expect a decrease of $4.40, or 5.25 percent, for a
revised monthly bill of $79.41, if Avista's request is approved by
the IPUC.
"This has been an exceptional year in the Pacific Northwest for
clean, renewable hydro generation. That's a real benefit to our
customers since hydro power is the least-cost generating source,"
said Kelly Norwood, Avista vice president of state and federal
regulation.
The requested electric decreases by customer segments are:
Residential Service - Schedule 1 - -5.19 %
General Service - Schedule 11 & 12 - -4.49 %
Large General Service - Schedule 21 & 22 - -5.73 %
Extra Large General Service - Schedule 25 - -8.03 %
Extra Large General Service - Schedule 25P -8.80 %
Pumping Service - Schedule 31 & 32 - -5.26 %
Street & Area Lights - Schedules 41 - 49 -1.88 %
To help customers proactively manage their energy use, Avista
offers a number of energy efficiency programs, including rebates
and incentives. Visit www.everylittlebit.com for information on the
programs which helped customers save enough energy in 2010 to power
over more than 5,700 Inland Northwest homes for a year and to serve
over 2,500 homes with natural gas for a year.
Information on energy assistance programs and payment options
offered by Avista to help qualifying customers is available at
www.avistautilities.com.
Avista's rate application is a proposal, subject to public
review and a decision by the IPUC. A copy of the application is
available for public review at the offices of both the IPUC and
Avista, as well as the IPUC's homepage at www.puc.idaho.gov. The
IPUC will begin a comprehensive review of Avista's application and
will seek public input on the company's request.
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 our operating
division that provides electric service to 358,000 customers and
natural gas to 319,000 customers. Our service territory covers
30,000 square miles in eastern Washington, northern Idaho and parts
of southern and eastern Oregon, with a population of 1.5 million.
Avista's primary, non-regulated subsidiary is Advantage IQ. Our
stock is traded under the ticker symbol "AVA." For more information
about Avista, please visit www.avistacorp.com.
This news release contains forward-looking statements regarding
the company's current expectations. Forward-looking statements are
all statements other than historical facts. Such statements speak
only as of the date of the news release and are subject to a
variety of risks and uncertainties, many of which are beyond the
company's control, which could cause actual results to differ
materially from the expectations. These risks and uncertainties
include, in addition to those discussed herein, all of the factors
discussed in the company's Annual Report on Form 10-K for the year
ended Dec. 31, 2010 and the Quarterly Report on Form 10-Q for the
quarter ended March 31, 2011.
Contact: Avista 24/7 Media Access (509) 495-4174 Media:
Debbie Simock (509) 495-8031 Email Contact Investors: Jason Lang
(509) 495-2930 Email Contact
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