Avista files Idaho rate adjustment proposals, with 3.0% cut to purchased gas costs and 4.2% rise in power costs
AI Market Summary
Avista filed annual Idaho rate true-up adjustments designed to reconcile customer rates with actual power and gas costs, explicitly stating no earnings impact. Proposed changes include a ~3.0% reduction in purchased gas costs starting Nov. 1, 2026, and a ~4.2% increase in electric power cost adjustments effective Oct. 1, 2026, reflecting higher power costs and an expiring prior-year credit.
Impact level
● Low
Affected assets
AVNT/USDT+0.24%
AI Insight · AVNT/USDTAI Insight
● Neutral
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Avista (NYSE: AVA) has filed its annual rate adjustment proposals with the Idaho Public Utilities Commission, covering items such as purchased natural gas costs, fixed costs, energy-efficiency programs, power costs and the Bonneville Power Administration Residential Exchange program, with no impact on earnings. The filings include a 3.0% decrease in the purchased gas cost adjustment and a 4.2% increase in the power cost adjustment. If approved, the proposed natural gas rate change would take effect Nov. 1, according to the company.
