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