News & Videos - AVISTA CORP.

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...

SPOKANE, Wash., Aug. 07, 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 September 13, 2024, to shareholders of record at the close of business on August 22, 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,...

Year-to-date consolidated earnings reflect strength of core utility operations Confirming consolidated earnings guidance of $2.36 to $2.56 per diluted share Continued investment in system improved reliability during recent heat wave SPOKANE, Wash., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Avista Corp. ( NYSE: AVA ) 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...

SPOKANE, Wash., July 31, 2024 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA) has made annual rate adjustment filings with the Idaho Public Utilities Commission (IPUC or Commission) that, if approved, are designed to decrease overall electric revenues by approximately $16.6 million or 5.4% effective Oct. 1, 2024 and decrease overall natural gas revenue by approximately $29.8 million or 25.8% effective Nov. 1, 2024. These annual filings have no impact on Avista’s earnings. Electric Adjustment Filings...

SPOKANE, Wash., July 23, 2024 (GLOBE NEWSWIRE) -- The Avista Foundation is awarding $201,750 in grants to 40 nonprofit organizations in Washington, Idaho, and Oregon to support education and youth development. “Together with our partners, we are making a difference in the lives of young people. Avista is proud to support the vital programs and organizations that nurture, educate, and uplift our youth,” said Dennis Vermillion, Avista CEO. The second-quarter grants support a diverse range of...

Avista Capital Partners and Hamilton Lane Announce Partnership in Cosette Pharmaceuticals PR Newswire BRIDGEWATER, N.J. and CONSHOHOCKEN, Pa. and NEW YORK, July 17, 2024 Significantly Enhances Cosette's Ability to Drive Further Growth Through Investments in Business Development and R&D BRIDGEWATER, N.J. and CONSHOHOCKEN, Pa. and NEW YORK , July 17, 2024 /PRNewswire/ -- Avista Capital Partners ("Avista"), a leading New York -based private equity firm focused exclusively on healthcare, and...

SPOKANE, Wash., July 08, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE: AVA) 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. This call can be accessed on Avista’s website at investor.avistacorp.com . You must pre-register for the call via the Presentations and...

SPOKANE, Wash., May 08, 2024 (GLOBE NEWSWIRE) -- In its first quarter, the Avista Foundation awarded just over $184,000 to 37 non-profit organizations in Washington, Idaho, Oregon, and Alaska. The grants in this first cycle are intended to directly benefit health and human service providers. In 2023, the Avista Foundation donated more than $1.8 million to help support the community and people in need. That support continues in 2024. “Supporting organizations that benefit from funds that...

SPOKANE, Wash., May 07, 2024 (GLOBE NEWSWIRE) -- Avista is adding a new strategy to its wildfire mitigation plan. The utility announced today at a press conference with regional partners that if extreme weather conditions are forecast, like low humidity and strong winds, Avista may turn off power in specific locations to help protect public safety. This is called a Public Safety Power Shutoff, or PSPS. “Based on learning from other utilities who have implemented PSPS, it would only be used in...