Avista Makes Annual Price Adjustment Requests in Washington and Idaho
SPOKANE, Wash., Sept. 01, 2023 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA) has made annual rate adjustment filings with the utility commissions in Washington and Idaho that, if approved, will result in an increase in electric rates and decrease in natural gas rates in Washington, and increase natural gas rates in Idaho, effective November 1, 2023.
- SPOKANE, Wash., Sept. 01, 2023 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA) has made annual rate adjustment filings with the utility commissions in Washington and Idaho that, if approved, will result in an increase in electric rates and decrease in natural gas rates in Washington, and increase natural gas rates in Idaho, effective November 1, 2023.
- Avista does not make a profit on, or markup, the wholesale cost of natural gas.
- PGAs ensure customers pay what Avista pays, dollar for dollar, only at a more predictable and stable rate throughout the year.
- About 55% of an Avista natural gas customer's bill is the combined cost of purchasing natural gas on the wholesale market and transporting it to Avista's system.