other material
confidence medium
sentiment neutral
materiality 0.40
Avista signs non-binding MOU for 125 MW load, expandable to 500 MW by 2032
AVISTA CORP
- MOU with a developer in Avista's Washington service territory for initial 125 MW load starting 2029.
- Pathway to expand to 500 MW by 2032, subject to further evaluation and regulatory review.
- Next step is negotiation of an Engineering and Procurement Contract with financial assurances.
- Project requires federal, state, and local permits, plus a filed Energy Services Agreement approved by WUTC.
- Structure designed to provide net benefits to existing customers while supporting regional economic development.