Articles from Avista Corporation

Company’s filing seeks to recover infrastructure investments and expenses necessary to serve customers

SPOKANE, Wash., Jan. 30, 2025 (GLOBE NEWSWIRE) -- In its fourth quarter of 2024, the Avista Foundation awarded $54,650 to 21 nonprofit organizations in Washington, Idaho, Oregon, and Alaska to support environmental initiatives, as well as arts and culture efforts.

SPOKANE, Wash., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) will hold its quarterly conference call and webcast to discuss fourth quarter 2024 results on Wednesday, February 26, 2025, at 10:30 a.m. Eastern Standard Time. A news release with fourth quarter 2024 earnings information will be issued at 7:05 a.m. Eastern Standard Time on February 26, 2025.

Will issue Request for Proposals (RFP) to ensure reliable service in the future

The latest environmental, social and governance (ESG) information can be found at avistacorp.com.

Company pleased with the fair and balanced decision for the Company and its customers

SPOKANE, Wash., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Avista Corp.’s (NYSEAVA) board of directors has declared a quarterly dividend of $0.475 per share on the company’s common stock. The common stock dividend is payable December 13, 2024, to shareholders of record at the close of business on November 26, 2024.

SPOKANE, Wash., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) today announced financial results for the third quarter of 2024. Net income and earnings per diluted share for the third quarter and year-to-date 2024 compared to the same periods in 2023 are presented in the table below (dollars in thousands, except per-share data):

North Plains Connector transmission line continues building momentum as Avista commits to nonbinding memorandum of understanding for a 10% ownership share that would provide Avista access to a new transmission corridor.

Investments in infrastructure and increases in cost-of-service drive rate request

In 2024, the Avista Foundation has awarded more than $500,000 through its grant program

Annual closure begins Monday, November 11, 2024

The project, in partnership with Idaho Power, will enhance grid flexibility, improve resilience against wildfire, and increase capacity for the region

SPOKANE, Wash., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) will hold its quarterly conference call and webcast to discuss third quarter 2024 results on Wednesday, November 6, 2024, at 10:30 a.m. Eastern Daylight Time. A news release with third quarter 2024 earnings information will be issued at 7:05 a.m. Eastern Daylight Time on November 6, 2024.

SPOKANE, Wash., Oct. 09, 2024 (GLOBE NEWSWIRE) -- In the wake of Hurricane Helene, Avista today sent three, five-member line crews and other personnel to Lake City, Florida to assist in electrical distribution infrastructure repairs as Hurricane Milton is expected to make landfall.

RNG sought to meet carbon reduction requirements and goals

Overall changes would be effective November 1, 2024 for electric customers and November 15, 2024 for natural gas customers

Heather Rosentrater is named the first female CEO in the Company’s history.

SPOKANE, Wash., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Avista Corp.’s (NYSEAVA) board of directors has declared a quarterly dividend of $0.475 per share on the company’s common stock. The common stock dividend is payable September 13, 2024, to shareholders of record at the close of business on August 22, 2024.

SPOKANE, Wash., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) today announced financial results for the second quarter of 2024. Net income and earnings per diluted share for the second quarter and year-to-date 2024 compared to the same periods in 2023 are presented in the table below (dollars in thousands, except per-share data):

Lower electric prices effective Oct. 1, 2024 and lower natural gas prices Nov. 1, 2024, if approved.

In 2024 so far, the Avista Foundation has awarded more than $385,750 through its grant program.

SPOKANE, Wash., July 08, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) will hold its quarterly conference call and webcast to discuss second quarter 2024 results on Wednesday, August 7, 2024, at 10:30 a.m. Eastern Daylight Time. A news release with second quarter 2024 earnings information will be issued at 7:05 a.m. Eastern Daylight Time on August 7, 2024.

In 2024 so far, Avista has awarded over $184,000 to help support communities

Announces Public Safety Power Shutoffs (PSPS) added to utility’s wildfire plan

SPOKANE, Wash., May 01, 2024 (GLOBE NEWSWIRE) -- Avista Corp.’s (NYSEAVA) board of directors has declared a quarterly dividend of $0.475 per share on the company’s common stock. The common stock dividend is payable June 14, 2024, to shareholders of record at the close of business on May 23, 2024.

SPOKANE, Wash., May 01, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) today announced financial results for the first quarter of 2024. Net income and earnings per diluted share for the first quarter of 2024 compared to the first quarter of 2023 are presented in the table below (dollars in thousands, except per-share data):

SPOKANE, Wash., April 05, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) will hold its quarterly conference call and webcast to discuss first quarter 2024 results on Wednesday, May 1, 2024, at 10:30 a.m. Eastern Daylight Time. A news release with first quarter 2024 earnings information will be issued at 7:05 a.m. Eastern Daylight Time on May 1, 2024.

Recognition honors companies demonstrating business integrity through best-in-class ethics, compliance, and governance practices

SPOKANE, Wash., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) today announced financial results for 2023. Net income and earnings per diluted share for the fourth quarter and the year ended Dec. 31, 2023 (year-to-date) as compared to the respective periods of 2022 are presented in the table below (dollars in thousands, except per-share data):

SPOKANE, Wash., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Avista Corp.’s (NYSEAVA) board of directors has declared a quarterly dividend of $0.475 per share on the company’s common stock, an increase of $0.015 per share, yielding an annualized dividend of $1.90. The common stock dividend is payable March 15, 2024, to shareholders of record at the close of business on February 23, 2024.

SPOKANE, Wash., Jan. 29, 2024 (GLOBE NEWSWIRE) -- Avista recently signed an agreement with Pine Creek RNG (“Pine Creek”) to purchase renewable natural gas (“RNG”) to be produced at the Quad Cities Landfill in Milan, IL. The Quad Cities Landfill is owned by Millennium Waste Incorporated, a subsidiary of Waste Connections. In October 2022, Avista released a request for proposal (RFP) to secure RNG resources for its customers over the long term. RNG is derived from organic waste streams that would otherwise release methane to the environment as they decompose. These sources include, for example, landfills, wastewater treatment plants and food waste. RNG is produced by capturing that methane that would otherwise escape to the atmosphere and purifying it to make it very similar to conventional natural gas.

Company’s filing seeks to recover infrastructure investments and expenses necessary to serve customers

SPOKANE, Wash., Jan. 12, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) will hold its quarterly conference call and webcast to discuss fourth quarter 2023 results on Wednesday, February 21, 2024, at 10:30 a.m. Eastern Daylight Time. A news release with fourth quarter 2023 earnings information will be issued at 7:05 a.m. Eastern Daylight Time on February 21, 2024.

The latest environmental, social and governance (ESG) information can be found at avistacorp.com.

SPOKANE, Wash., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Avista Corp.’s (NYSEAVA) board of directors has declared a quarterly dividend of $0.46 per share on the company’s common stock. The common stock dividend is payable December 15, 2023, to shareholders of record at the close of business on November 17, 2023.

SPOKANE, Wash., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) today reported net income of $14.7 million, or earnings of $0.19 per diluted share, for the third quarter of 2023, compared to a net loss of $5.8 million, or $0.08 per diluted share, for the third quarter of 2022. For the nine months ended Sept. 30, 2023, net income was $87.0 million, or $1.14 per diluted share, compared to $77.2 million, or $1.06 per diluted share for the nine months ended Sept. 30, 2022.

New rates take effect on January 1, 2024.

SPOKANE, Wash., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) will hold its quarterly conference call and webcast to discuss third quarter 2023 results on Wednesday, November 1, 2023, at 10:30 a.m. Eastern Daylight Time. A news release with third quarter 2023 earnings information will be issued at 7:05 a.m. Eastern Daylight Time on November 1, 2023.

Awards over $171,000 to support Economic and Community Vitality

SPOKANE, Wash., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) announced that Senior Vice President and Chief Operating Officer Heather Rosentrater will become President and COO, making her the first female President in the company’s 134 year history. Dennis Vermillion will remain Avista’s Chief Executive Officer. The changes will go into effect on Oct. 1, 2023.

RNG/RSG sought to meet carbon reduction requirements and goals.

Overall changes in electric and natural gas prices would be effective November 1, 2023.

New rates take effect on Sept. 1, 2023 and Sept. 1, 2024.

If approved, new rates would take effect beginning January 1, 2024

SPOKANE, Wash., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Avista Corp.’s (NYSEAVA) board of directors has declared a quarterly dividend of $0.46 per share on the company’s common stock. The common stock dividend is payable September 15, 2023, to shareholders of record at the close of business on August 18, 2023.

SPOKANE, Wash., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) today reported net income of $17.5 million, or earnings of $0.23 per diluted share, for the second quarter of 2023, compared to $11.5 million, or $0.16 per diluted share, for the second quarter of 2022. For the six months ended June 30, 2023, net income was $72.3 million, or $0.96 per diluted share, compared to $83.0 million, or $1.15 per diluted share for the six months ended June 30, 2022.

Requests would result in higher electric prices effective Oct. 1, 2023 and lower natural gas prices Nov. 1, 2023

Additional Pine Creek contract furthers Avista’s emissions goals

SPOKANE, Wash., July 06, 2023 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) will hold its quarterly conference call and webcast to discuss second quarter 2023 results on Wednesday, August 2, 2023, at 10:30 a.m. Eastern Daylight Time. A news release with second quarter 2023 earnings information will be issued at 7:05 a.m. Eastern Daylight Time on August 2, 2023.

If approved, new rates would take effect beginning Sept. 2023 and Sept. 2024

Plan continues course toward clean energy future

SPOKANE, Wash., May 11, 2023 (GLOBE NEWSWIRE) -- Avista Corp.’s (NYSEAVA) board of directors has declared a quarterly dividend of $0.46 per share on the company’s common stock. The common stock dividend is payable June 15, 2023, to shareholders of record at the close of business on May 26, 2023.

SPOKANE, Wash., May 03, 2023 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) today reported net income of $54.8 million, or earnings of $0.73 per diluted share, for the first quarter of 2023, compared to $71.6 million, or $0.99 per diluted share, for the first quarter of 2022.

SPOKANE, Wash., May 03, 2023 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) announced that Senior Vice President of External Affairs and Chief Customer Officer Kevin Christie, age 55, will become Chief Financial Officer, Treasurer and Senior Vice President Regulatory Affairs effective May 11, 2023, after Avista’s Annual Meeting of shareholders.

SPOKANE, Wash., April 12, 2023 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) announced that Wayne Manuel, age 50, will join Avista as Vice President, Chief Information Officer and Chief Security Officer on June 1, 2023.

SPOKANE, Wash., April 11, 2023 (GLOBE NEWSWIRE) -- Avista recently signed an agreement with Pine Creek RNG to purchase renewable natural gas (RNG) to be produced from projects in Richland, Wash. and Waterloo, Iowa.

Avista adds new wind to portfolio beginning 2026; renews contract for Lancaster Plant

SPOKANE, Wash., April 10, 2023 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) will hold its quarterly conference call and webcast to discuss first quarter 2023 results on Wednesday, May 3, 2023, at 10:30 a.m. Eastern Daylight Time. A news release with first quarter 2023 earnings information will be issued at 7:05 a.m. Eastern Daylight Time on May 3, 2023.

Plan provides a roadmap for customers’ future energy needs

Recognition honors companies demonstrating business integrity through best-in-class ethics, compliance, and governance practices

SPOKANE, Wash., March 07, 2023 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) announced that Kevin Jacobsen, age 56, has been nominated to join the Avista Corp. Board of Directors. Jacobsen will stand for election by the shareholders and, if elected, will join the board effective May 11, 2023.

Investments in infrastructure and increases in cost of service drive rate request

SPOKANE, Wash., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) today reported net income of $155.2 million, or $2.12 per diluted share, for the year ended Dec. 31, 2022, compared to $147.3 million, or $2.10 per diluted share, for the year ended Dec. 31, 2021.

SPOKANE, Wash., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Avista Corp.’s (NYSEAVA) board of directors has declared a quarterly dividend of $0.46 per share on the company’s common stock, an increase of $0.02 per share (4.5 percent), yielding an annualized dividend of $1.84. The common stock dividend is payable March 15, 2023, to shareholders of record at the close of business on Feb. 17, 2023.

Company seeks to recover costs for ongoing infrastructure investments and increased operating costs

SPOKANE, Wash., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) will hold its quarterly conference call and webcast to discuss fourth quarter 2022 results on Wednesday, February 22, 2023, at 10:30 a.m. Eastern Standard Time. A news release with fourth quarter 2022 earnings information will be issued at 7:05 a.m. Eastern Standard Time on February 22, 2023.

Customers will benefit from tax credits that will partially offset rate increases over two years

Visit avistacorp.com for latest environmental, social and governance (ESG) information

New agreement brings zero-carbon energy to Avista electric customers

SPOKANE, Wash., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Avista Corp.’s (NYSEAVA) board of directors has declared a quarterly dividend of $0.44 per share on the company’s common stock. The common stock dividend is payable December 15, 2022, to shareholders of record at the close of business on November 18, 2022.

SPOKANE, Wash., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) today reported a net loss of $5.8 million, or a loss of $0.08 per diluted share, for the third quarter of 2022, compared to net income of $14.4 million, or earnings of $0.20 per diluted share, for the third quarter of 2021. For the nine months ended Sept. 30, 2022, net income was $77.2 million, or $1.06 per diluted share, compared to $96.5 million, or $1.38 per diluted share, for the nine months ended Sept. 30, 2021.

RNG sought to meet carbon reduction requirements and goals

SPOKANE, Wash., Oct. 12, 2022 (GLOBE NEWSWIRE) -- Avista Corp. (NYSEAVA) will hold its quarterly conference call and webcast to discuss third quarter 2022 results on Tuesday, November 1, 2022, at 10:30 a.m. Eastern Daylight Time. A news release with third quarter 2022 earnings information will be issued at 7:05 a.m. Eastern Daylight Time on November 1, 2022.