Avista received approval from the Public Utility Commission of Oregon of the settlement agreement that was filed on August 3, 2023, concluding the Company’s natural gas general rate case. The approved rates are designed to increase annual natural gas revenues by $7.16 million or 4.7%, effective Jan. 1, 2024. The settlement capital structure includes a 9.5% return on equity with a common equity ratio of 50% and a rate of return on rate base of 7.235%.
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