Avista Corp AVA:NYSE

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Avista Reaches Partial Settlement in Oregon Rate Hike Request

4:03AM ET 7/05/2019 MT Newswires
Avista (AVA), an energy distributor and operator of other energy-related businesses, said late Wednesday it has reached a partial settlement agreement with the Public Utility Commission of Oregon reducing its original natural gas revenue rate hike request from $6.7 million to $5.4 million.

The partial settlement includes an agreement on the cost of capital and certain smaller adjustments related to employee benefits and other expenses.

The remaining items to be resolved include capital investments in infrastructure improvements, as well as the recovery of increased utility operating costs.

Price: 44.83, Change: +0.33, Percent Change: +0.74