secwatch.observer — SEC 8-K summary
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Issuer:     AVISTA CORP (AVA)
CIK:        0000104918
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0000950170-24-121738
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avista Q3 EPS $0.23 vs $0.19; lowers FY2024 guidance to $2.26-$2.46 on weaker other biz valuations
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- Q3 net income $18.5M ($0.23/diluted share) vs $14.7M ($0.19) a year ago; Avista Utilities net income improved to $19.8M from $13.5M.
- FY2024 consolidated EPS guidance lowered by $0.10 to $2.26-$2.46, driven by lower-than-expected private equity valuations in other businesses.
- Expects to be at low end of Avista Utilities guidance range due to higher power supply, medical, bad debt costs, and ongoing legal expenses.
- Regulatory: expects constructive WA general rate order mid-Dec; filed OR rate case; plans ID rate case early 2025.
- Signed non-binding MOU to join North Plains Connector transmission line (ND to MT) to improve reliability and support demand growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104918/000095017024121738/0000950170-24-121738-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104918/000095017024121738/ava-20241106.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-121738

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