Avista receives WUTC rate orders: electric +$11.9M Yr1/+$44.4M Yr2, gas +$14.2M Yr1/+$4.0M Yr2

AVISTA CORP

Electric base revenue increase of $11.9M (2.0%) effective Jan 1, 2025, and $44.4M (7.5%) for Rate Year 2.
Original electric request of $77.1M reduced primarily by $55.7M lower power supply costs and lower ROE approval.
Natural gas base revenue increased $14.2M (11.2%) effective Jan 1, 2025, and $4.0M (2.8%) for Rate Year 2.
Commission approved 9.8% ROE, 48.5% common equity ratio, 7.32% rate of return on rate base.
Commission denied Energy Recovery Mechanism modification but supported wildfire/insurance balancing accounts and decoupling.

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