On June 10, 2019, Avista Corporation (Avista Corp. or the Company) filed an electric general rate request with the Idaho Public Utilities Commission (IPUC or Commission) that is designed to increase annual base electric revenues by $5.3 million (or 2.1 percent). The Company’s request is based on a proposed rate of return of 7.55 percent with a common equity ratio of 50.0 percent and a 9.9 percent return on equity.

The purpose of our general rate case request is to recover costs associated with the need to replace infrastructure that has reached the end of its useful life and to make technology investments required to build an integrated energy services grid.

Among the projects included in the filing are:

The IPUC has up to nine months to review the general rate case filings and issue a decision.

About AVISTA CORPORATION (NYSE:AVA)

Avista Corporation is an electric and natural gas utility with certain other business ventures. The Company operates through two business segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). Avista Utilities segment generates, transmits and distributes electricity, and distributes natural gas serving electric and natural gas customers in eastern Washington and northern Idaho and natural gas customers in parts of Oregon. AEL&P is a utility providing electric services in Juneau, Alaska. It operates other businesses, including sheet metal fabrication, venture fund investments and real estate investments, as well as certain other investments of Avista Capital, Inc., a subsidiary of the Company. Through Advanced Manufacturing and Development (AM&D), doing business as METALfx, the Company performs custom sheet metal fabrication of electronic enclosures, parts and systems for the computer, construction, telecommunication, renewable energy and medical industries.