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Consolidated earnings per diluted share of $2.29 for the full year of 2024 Initiated consolidated guidance of $2.52 to $2.72 per share for 2025 SPOKANE, Wash., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Avista Corp. ( NYSE: AVA ) today announced financial results for 2024. Net income and earnings per diluted share for the fourth quarter and the year ended Dec. 31, 2024 compared to the same periods in 2023 are presented in the table below (dollars in millions, except per-share data): Fourth Quarter...

SPOKANE, Wash., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Avista Corp.’s ( NYSE: AVA ) board of directors has declared a quarterly dividend of $0.49 per share on the company’s common stock, an increase of $0.015 per share, yielding an annualized dividend of $1.96. The common stock dividend is payable March 14, 2025, to shareholders of record at the close of business on February 26, 2025. “For twenty-three consecutive years, the board of directors has raised the dividend for our shareholders. I...

SPOKANE, Wash., Jan. 31, 2025 (GLOBE NEWSWIRE) -- Today, Avista (NYSE: AVA) has filed a multi-year rate plan with the Idaho Public Utilities Commission (IPUC or Commission) that would allow the Company to recover costs for fixed expenses and ongoing investments to infrastructure, technology and more. If approved, new rates would be effective in Sept. 2025 and Sept. 2026. “The cost of delivering safe and reliable energy includes maintaining and improving a massive infrastructure made up of...

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. The competitive grant program awarded a total of $563,285 to 125 non-profit organizations within Avista’s service area in 2024. This funding is part of the Avista Foundation’s broader philanthropic efforts, which also include...

SPOKANE, Wash., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE: AVA) 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. This call can be accessed on Avista’s website at investor.avistacorp.com . You must pre-register for the call via the...

SPOKANE, Wash., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Avista Utilities , an operating division of Avista Corp. (NYSE: AVA), has filed its 2025 Electric Integrated Resource Plan (IRP) with the Washington Utilities and Transportation Commission and the Idaho Public Utilities Commission. Avista produces an electric IRP every two years detailing projected growth in electricity demand and the new resources needed to serve customers over the next 20 years. The electric IRP balances resource requirements...

The latest environmental, social and governance (ESG) information can be found at avistacorp.com . SPOKANE, Wash., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Today, Avista (NYSE: AVA) published its latest Corporate Responsibility report and other environmental, social and governance (ESG) information on its corporate website, avistacorp.com . The content reports on Avista’s operations and includes commitments in four areas: environment, people, customers and communities, and ethical governance. The...

SPOKANE, Wash., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Avista's (NYSE: AVA) electric and natural gas general rate cases filed in January 2024 have concluded, with an order from the Washington Utilities and Transportation Commission (Commission) approving a two-year rate plan that will change electric and natural gas rates, beginning Jan. 1, 2025, and Jan. 1, 2026. For electric operations, the Commission approved rates designed to provide a 0.1 percent, or $0.8 million increase in base revenue for...

SPOKANE, Wash., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Avista Corp.’s ( NYSE: AVA ) 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. The declaration of dividends is at the sole discretion of the board of directors. The board considers the level of dividends on a regular basis, taking into account numerous factors,...

Quarterly results demonstrate continued improvement at core utility from 2023 Expect to be at the low end of Avista Utilities guidance range Lowering earnings guidance for our other businesses due to lower than expected investment valuations SPOKANE, Wash., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Avista Corp. ( NYSE: AVA ) 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...

SPOKANE, Wash., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Avista Corporation (NYSE: AVA) today signed a nonbinding memorandum of understanding with North Plains Connector LLC, a wholly owned entity of Grid United, in the development of the North Plains Connector, an approximately 420-mile high-voltage direct-current (HVDC) transmission line to be constructed with endpoints near Bismarck, North Dakota and Colstrip, Montana. The parties will now work to finalize definitive agreements regarding Avista's...

SPOKANE, Wash., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Today, Avista (NYSE: AVA) filed a request with the Public Utility Commission of Oregon (PUC) to increase natural gas base rates effective September 1, 2025. The proposal is designed to increase overall natural gas base revenue by approximately $7.8 million, or 6.6% on a billed basis, and is based on a proposed rate of return of 7.67% with a common equity ratio of 50% and a 10.4% return on equity. “Our customers remain our primary focus as we...

SPOKANE, Wash., Oct. 29, 2024 (GLOBE NEWSWIRE) -- The Avista Foundation is awarding $122,750 in grants to 27 nonprofit organizations in Washington, Idaho, Oregon, and Alaska to support economic and community development. “With these contributions, the Avista Foundation is creating positive change, driving economic development, and enriching our communities,” said Dennis Vermillion, Avista CEO. The third-quarter grants support a diverse range of organizations and programs. A few examples...

SPOKANE, Wash., Oct. 28, 2024 (GLOBE NEWSWIRE) -- The Q’emiln Park boat launch ramp on the Spokane River in Post Falls, Idaho, will be closed for the season beginning Monday, Nov. 11. The ramp, located upstream of Avista’s Post Falls Hydroelectric Development, is typically closed each year in mid-November due to weather conditions and dropping water levels. The boat launch must remain closed for safety reasons for much of the fall through spring. Generally, the ramp re-opens in the late...

SPOKANE, Wash., Oct. 21, 2024 (GLOBE NEWSWIRE) -- The U.S. Department of Energy (DOE) is awarding $85,664,781 in grant funding through its Grid Resilience and Innovation Partnerships (GRIP) program to Avista, in partnership with Idaho Power, to reconstruct the Lolo-Oxbow 230-kV transmission line. The line runs from the Oxbow Dam on the Oregon-Idaho border to Lewiston, Idaho. Idaho Power’s new Pallette Junction Station will increase interregional transfer capability between the Pacific...

SPOKANE, Wash., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE: AVA) 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. This call can be accessed on Avista’s website at investor.avistacorp.com . You must pre-register for the call via the Presentations...

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. Avista is a member of the Edison Electric Institute (EEI) Western Region Mutual Assistance Group (WRMAG) which is one of seven mutual assistance groups in the United States. The Avista crews are among several other...

SPOKANE, Wash., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Avista, through a request for proposal (RFP), is seeking to secure renewable natural gas (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, food waste and dairy waste. RNG is produced by capturing that methane that would otherwise escape to the...

SPOKANE, Wash., Aug. 30, 2024 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA) has made annual rate adjustment filings with the Washington Utilities and Transportation Commission (Commission) that if approved, will result in an overall decrease in natural gas rates of 13.9%, and an overall increase in electric rates of 3.5%. Washington Natural Gas Adjustment Filings Four natural gas adjustments were filed, that if approved, are designed to change overall natural gas revenues as follows: Purchased Gas Cost...

SPOKANE, Wash., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE: AVA) Chief Executive Officer Dennis Vermillion announced to the company’s board of directors that he will retire from the company in the first quarter of 2025. Vermillion will transition his duties as CEO to Avista President and COO Heather Rosentrater, who was appointed to CEO by the company’s board of directors, effective January 1, 2025. As CEO, Rosentrater will retain the role of president. She has also been appointed...