The energy company said the settlement agreement decreases the annual billed electric revenue by $7.2 million, or 2.84%, effective on the first day of December. If the commission approves the agreement, a residential customer that uses 900 kilowatt hours of electricity per month would see their bill decline by $0.86, according to a company statement.
Avista's proposal includes continued recovery costs for its wind-generation power-purchase deal from Palouse Wind and Rattlesnake Flat using a power-cost adjustment mechanism rather than recouping the revenue through base rates, according to a statement.
Price: 48.39, Change: +0.19, Percent Change: +0.39
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