Avista Plunges 15.01% Amid Rate Hike Plan

On April 10, 2025, Avista's stock experienced a significant drop of 15.01% in pre-market trading, sparking concerns among investors about the company's recent developments and future prospects.

Avista Senior Living has made notable strides in enhancing the length of stay for its residents by an impressive 112 days through the implementation of SafelyYou Respond™. This innovative technology has not only improved the quality of life for residents but also demonstrated Avista's commitment to leveraging advanced solutions to better serve its community.

In addition to its technological advancements, Avista has proposed a two-year plan aimed at raising household electricity rates. The plan includes a 7.9% increase for electric rates in 2022 and an additional 3.1% increase in subsequent years. This move is part of Avista's broader strategy to ensure sustainable growth and maintain the quality of its services amidst rising operational costs.