Avista receives commission approval of settlement in Washington rate cases

Avista’s electric and natural gas general rate cases have concluded, with an order from the Washington Utilities and Transportation Commission that approved the multi-party settlement filed in June 2022. The Commission approved increases of annual electric revenues of $38 million effective Dec. 21, 2022 and $12.5 million effective Dec. 21, 2023 and increases in annual natural gas revenues of $7.5 million effective Dec. 21, 2022 and $1.5 million effective Dec. 21, 2023. To reduce the overall impact of these increases on customers, the Commission approved the use of a Residual Tax Customer Credit that will be returned to customers over a two-year period. The credit will provide benefits of $27.6 million for electric customers and $12.5 million for natural gas customers.