Avista files multi-year rate plan in Washington

Avista filed a multi-year rate plan with the Washington Utilities and Transportation Commission, or WUTC, that, if approved, would allow the company to recover increased operating and maintenance costs and ongoing investments to infrastructure, technology and more. If approved, new rates would be effective in December and December 2025. If approved, the electric general rate request is designed to increase annual revenue by $77.1M effective in December , and $53.7M effective in December 2025. If approved, the natural gas general rate request is designed to increase annual base revenue by $17.3M effective in December and $4.6M effective in December 2025. The electric and natural gas requests are based on a proposed rate of return of 7.61%, with a common equity ratio of 48.5%, and a 10.4% return on equity.