Avista settles Idaho rate cases; electric rev +$22.1M, gas +$1.3M, ROE 9.4%

AVISTA CORP

Settlement with IPUC Staff, Clearwater Paper, Idaho Forest Group, Walmart; IPUC must approve.
Electric revenue increase of $22.1M (8.0%) effective Sep 2023 and $4.3M (1.4%) in Sep 2024.
Natural gas revenue increase of $1.3M (2.7%) effective Sep 2023 and $0.003M (0.01%) in Sep 2024.
Settlement assumes 9.4% ROE, 50% equity ratio, and 7.19% rate of return on rate base.
Original requests were $37.5M and $2.8M for electric/gas in 2023; settlement is lower.

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