ROR

Avista receives approval of all-party, all-issues settlement in Oregon general rate case

Retrieved on: 
Friday, October 27, 2023

SPOKANE, Wash., Oct. 27, 2023 (GLOBE NEWSWIRE) -- Avista (NYSE:AVA) received approval from the Public Utility Commission of Oregon (OPUC or Commission) of the settlement agreement that was filed on August 3, 2023, concluding the Company’s natural gas general rate case.

Key Points: 
  • SPOKANE, Wash., Oct. 27, 2023 (GLOBE NEWSWIRE) -- Avista (NYSE:AVA) received approval from the Public Utility Commission of Oregon (OPUC or Commission) of the settlement agreement that was filed on August 3, 2023, concluding the Company’s natural gas general rate case.
  • The approved rates are designed to increase annual natural gas revenues by $7.16 million or 4.7%, effective Jan. 1, 2024.
  • The settlement capital structure includes a 9.5% return on equity (ROE) with a common equity ratio of 50% and a rate of return (ROR) on rate base of 7.235%.
  • “The Commission’s decision provides new natural gas rates in Oregon that are reasonable for our customers, the Company and our shareholders,” said Dennis Vermillion, Avista president and CEO.

Avista receives approval of multiparty settlement in Idaho general rate cases

Retrieved on: 
Thursday, August 31, 2023

SPOKANE, Wash., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Avista (NYSE:AVA) received approval from the Idaho Public Utilities Commission (IPUC or Commission) of the multiparty settlement agreement that was filed on June 14, 2023, concluding the Company’s electric and natural gas general rate cases.

Key Points: 
  • SPOKANE, Wash., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Avista (NYSE:AVA) received approval from the Idaho Public Utilities Commission (IPUC or Commission) of the multiparty settlement agreement that was filed on June 14, 2023, concluding the Company’s electric and natural gas general rate cases.
  • New electric rates take effect Sept. 1, 2023 and Sept 1, 2024.
  • The settlement capital structure includes a 9.4% return on equity (ROE) with a common equity ratio of 50% and a rate of return (ROR) on rate base of 7.19%.
  • “The Commission’s decision provides new electric and natural gas rates in Idaho that are reasonable for our customers, the Company and our shareholders,” said Dennis Vermillion, Avista president and CEO.

Bitop Exchange Serves All Your Investment Needs

Retrieved on: 
Thursday, August 24, 2023

Bitop Exchange is the leading digital financial service platform providing a secure, comfortable and equitable digital asset investment environment for users worldwide.

Key Points: 
  • Bitop Exchange is the leading digital financial service platform providing a secure, comfortable and equitable digital asset investment environment for users worldwide.
  • Bitop Exchange offers access to numerous investment products including cryptocurrencies, futures, U.S. stocks, and binary options.
  • The Bitop core team comprises experts from the traditional financial securities industry and the top internet companies such as Microsoft.
  • To learn more about Bitop and start your digital asset investment journey, visit our website now at www.bitop.com .

Amerigroup Sponsors Reach Out and Read Program to Enable Pediatricians to Distribute 5,000 Books to Washington Families During Well-Child Visits

Retrieved on: 
Tuesday, June 27, 2023

Amerigroup funds allow ROR to procure 5,000 new books that pediatricians can use during well-child visits to turn regular check-ups into springboards for healthy family relationships.

Key Points: 
  • Amerigroup funds allow ROR to procure 5,000 new books that pediatricians can use during well-child visits to turn regular check-ups into springboards for healthy family relationships.
  • Pediatricians match the new, developmentally appropriate books with each family’s culture, race, ethnicity and language, and give them to their patients to build their home libraries.
  • Physicians can use the books as developmental surveillance tools, and to improve early relational health by creating positive, memorable moments between children and their caregivers.
  • "That's why we've implemented the ROR program for 14 years now to support our community members to ensure they have access to bilingual books.

Avista reaches multiparty settlement of all issues in Idaho general rate case

Retrieved on: 
Wednesday, June 14, 2023

The remaining joint party, the Idaho Conservation League / NW Energy Coalition, did not join in the Settlement.

Key Points: 
  • The remaining joint party, the Idaho Conservation League / NW Energy Coalition, did not join in the Settlement.
  • If approved, the settlement agreement is designed to increase annual base electric revenues by $22.1 million or 8.0%, effective Sept. 1, 2023, and by $4.3 million or 1.4%, effective Sept. 1, 2024.
  • The settlement capital structure includes a 9.4% return on equity (ROE) with a common equity ratio of 50% and a rate of return (ROR) on rate base of 7.19%.
  • “This settlement agreement will provide new rates in Idaho that are fair and reasonable for our customers, the Company, and our shareholders,” said Dennis Vermillion, Avista president and CEO.

AM Best Affirms Credit Ratings of CVS Health Corporation’s Aetna Inc. Subsidiaries

Retrieved on: 
Wednesday, March 29, 2023

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of Aetna Life Insurance Company (ALIC) (Hartford, CT) and the other members of Aetna Health & Life Group, which are operating entities of Aetna Inc. (Aetna) and wholly owned subsidiaries of CVS Health Corporation (CVS Health) [NYSE: CVS].

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of Aetna Life Insurance Company (ALIC) (Hartford, CT) and the other members of Aetna Health & Life Group, which are operating entities of Aetna Inc. (Aetna) and wholly owned subsidiaries of CVS Health Corporation (CVS Health) [NYSE: CVS].
  • Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICRs of “a” (Excellent) of Texas Health + Aetna Health Insurance Company, as well as Texas Health + Aetna Health Plan Inc.
  • Texas Health Aetna and Allina Health and Aetna Insurance Company are joint ventures with subsidiaries of Aetna Inc.
  • The ratings of Aetna Health & Life Group reflect the ultimate parent, CVS Health, and an expectation of elevated leverage due to the recently announced acquisitions.

Avista receives commission approval of settlement in Washington electric and natural gas general rate cases

Retrieved on: 
Wednesday, December 14, 2022

SPOKANE, Wash., Dec. 13, 2022 (GLOBE NEWSWIRE) -- Avista’s (NYSE: AVA) electric and natural gas general rate cases have concluded, with an order from the Washington Utilities and Transportation Commission (Commission or UTC) that approved the multi-party settlement filed in June 2022.

Key Points: 
  • SPOKANE, Wash., Dec. 13, 2022 (GLOBE NEWSWIRE) -- Avista’s (NYSE: AVA) electric and natural gas general rate cases have concluded, with an order from the Washington Utilities and Transportation Commission (Commission or UTC) that approved the multi-party settlement filed in June 2022.
  • The credit will provide benefits of $27.6 million for electric customers and $12.5 million for natural gas customers.
  • The Commission approved a rate of return (ROR) on rate base of 7.03%, but the approved settlement did not include an explicit return on equity, cost of debt, or capital structure.
  • The electric increase by service schedule, including the effects of the Residual Tax Customer Credit, is as follows:

AM Best Affirms Credit Ratings of Elevance Health, Inc. and Its Subsidiaries

Retrieved on: 
Friday, December 9, 2022

The outlook of these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Chris Spohn named President of University of Silicon Valley

Retrieved on: 
Friday, December 2, 2022

San Jose, Dec. 01, 2022 (GLOBE NEWSWIRE) -- The Board of Trustees of the University of Silicon Valley is pleased to announce the appointment of Chris Spohn as President of the institution.

Key Points: 
  • San Jose, Dec. 01, 2022 (GLOBE NEWSWIRE) -- The Board of Trustees of the University of Silicon Valley is pleased to announce the appointment of Chris Spohn as President of the institution.
  • Chris Spohn is uniquely positioned to lead University of Silicon Valley into the future of innovation within higher education.
  • The ability to apply innovative approaches in todays higher education climate will be critical in helping the University of Silicon Valley achieve its strategic goals, Mr. Spohn said.
  • Mr. Spohn holds a Master of Business Administration in Education Management from Ball State University and a Bachelor of Arts in Political Science from Azusa Pacific University.

EQS-News: SunMirror AG: SunMirror Shareholders approve all proposals of the Board of Directors

Retrieved on: 
Friday, September 30, 2022

Zug, Switzerland: September 30, 2022 SunMirror AG ("SunMirror", Vienna Stock Exchange: ROR1; Frankfurt Stock Exchange: ROR; Dsseldorf Stock Exchange: ROR; ISIN CH0396131929) announces the results of its extraordinary general meeting held today.

Key Points: 
  • Zug, Switzerland: September 30, 2022 SunMirror AG ("SunMirror", Vienna Stock Exchange: ROR1; Frankfurt Stock Exchange: ROR; Dsseldorf Stock Exchange: ROR; ISIN CH0396131929) announces the results of its extraordinary general meeting held today.
  • The shareholders have followed the recommendations of SunMirror's Board of Directors and have elected Mr.Daniel Monks and Mr.Laurent Quelin as new members of the Board of Directors and of the Remuneration Committee.
  • Following the resignation of Ms.Flavia Sennhauser, effective as of today's shareholder meeting, the Board of Directors consists of Dr.Heinz R. Kubli (Chairman), Mr.Daniel Monks and Mr.Laurent Quelin.
  • SunMirror is differentiated by taking a mine-to-market approach to sustainability across the value chain, creating a mining industry best practice.