Avista Proposes 2.0% Electric Rate Increase and 10.6% Natural Gas Rate Decrease in Idaho for 2025.

Avista Corporation has filed rate adjustment requests with the Idaho Public Utilities Commission, proposing a 2.0% increase in electric revenues and a 10.6% decrease in natural gas revenues for 2025. Residential electric bills are expected to rise by $3.43 monthly, while natural gas bills will drop by $6.18. These changes reflect routine regulatory adjustments with no impact on Avista's earnings. Customers can comment on the proposed changes through the Idaho Public Utilities Commission's website or by mail.

Avista Corporation has submitted annual rate adjustment requests to the Idaho Public Utilities Commission (IPUC), proposing significant changes to both electric and natural gas revenues for 2025. The company seeks a 2.0% increase in overall electric revenues, amounting to approximately $6.3 million, and a 10.6% decrease in natural gas revenues, totaling about $9.5 million. These adjustments, if approved, would take effect on October 1, 2025, for electric rates and November 1, 2025, for natural gas rates. The proposed changes aim to align the company's revenues with actual costs and do not impact Avista's earnings [1].

The electric rate adjustments include a decrease in the Power Cost Adjustment (PCA) of approximately $1.8 million or 0.6%, an increase in the Fixed Cost Adjustment (FCA) of about $2.6 million or 0.8%, and an increase in the Electric Energy Efficiency adjustment of around $3.6 million or 1.2%. The Bonneville Power Administration Residential Exchange (ResEx) Program adjustment is also set to increase by about $1.9 million or 0.6% [1].

For natural gas rates, the Purchased Gas Cost Adjustment (PGA) is proposed to decrease by approximately $6.5 million or 7.2%, while the Fixed Cost Adjustment (FCA) is set to increase by about $80 thousand or 0.1%. The Electric Energy Efficiency adjustment for natural gas is expected to decrease by around $3.1 million or 3.5% [1].

Residential electric customers in Idaho using an average of 939 kilowatt hours per month would see their monthly bills increase from $104.30 to $107.73, a rise of $3.43 per month or approximately 3.3%. Conversely, residential natural gas customers using an average of 66 therms per month would see their monthly bills decrease from $64.74 to $58.56, a reduction of $6.18 per month or approximately 9.5% [1].

Avista's applications are subject to public review and a Commission decision. Customers can submit comments through the Idaho Public Utilities Commission's website or by mail. The Commission's website provides access to the applications and updates on the case [1].

Avista Corporation is an energy company involved in the production, transmission, and distribution of energy, serving 423,000 electric customers and 383,000 natural gas customers across eastern Washington, northern Idaho, and parts of southern and eastern Oregon. The company's stock is traded under the ticker symbol "AVA" [1].

References:
[1] https://investor.avistacorp.com/news-releases/news-release-details/avista-makes-annual-price-adjustment-filings-idaho-7
[2] https://finance.yahoo.com/news/avista-makes-annual-price-adjustment-200500517.html