AVISTA CORP — fact timeline

AVISTA CORP shareholders rejected Amendment of the Restated Articles of Incorporation to reduce the shareholder approval requirement for specified matters from 80% of the total number of shares of common stock outstanding to a majority of such shares outstanding at the 2026-05-14 meeting.

“Proposal 4: Amendment of the Restated Articles of Incorporation to reduce the shareholder approval requirement for specified matters from 80% of the total number of shares of common stock outstanding to a majority of such shares outstanding. For Against Abstain Broker Non-Votes 64,317,253 805,879 325,048 6,839,565 This proposal was not approved”

AVISTA CORP shareholders approved Advisory (non-binding) vote on executive compensation at the 2026-05-14 meeting.

“Proposal 3: Advisory (non-binding) vote on executive compensation. For Against Abstain Broker Non-Votes 62,854,984 2,274,875 318,321 6,839,565 This advisory (non-binding) resolution was approved”

AVISTA CORP shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2026 at the 2026-05-14 meeting.

“Proposal 2: Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2026. For Against Abstain Broker Non-Votes 69,874,464 2,281,840 131,441 N/A This proposal was approved”

AVISTA CORP shareholders approved Election of eleven directors at the 2026-05-14 meeting.

“Proposal 1: Election of eleven directors, for one-year terms expiring at the 2027 Annual Meeting of Shareholders, and until their successors are elected. Director For Against Abstain Broker Non-Votes Julie A. Bentz 65,044,528 262,432 141,220 6,839,565”

AVISTA CORP incurred senior notes of $90.0 million 4.77% bonds due 2029 and $70.0 million 6.10% bonds due 2056 with institutional investors at 4.77% per annum for 2029 bonds; 6.10% per annum for 2056 bonds maturing 2029 for 4.77% bonds; 2056 for 6.10% bonds.

“On May 14, 2026, Avista Corporation (Avista Corp. or the Company) issued and sold $90.0 million of 4.77 percent first mortgage bonds due in 2029 and $70.0 million of 6.10 percent first mortgage bonds due in 2056 pursuant to a bond purchase agreement with institutional investors in the private placement market.”

AVISTA CORP reported first quarter of 2026 results: net income $92 million, or $1.11 per diluted share, EPS $1.11 per diluted share. Guidance reaffirmed.

“Financial Results, Confirms 2026 Utility Earnings Guidance SPOKANE, Wash. – May 5, 2026, 4:05 a.m. PDT : Avista Corp. ( NYSE: AVA ) today reported net income based on GAAP of $92 million, or $1.11 per diluted share, for the first quarter of 2026, compared to $79 million, or $0.98 per diluted share, in 2025. Non-GAAP utility earnings 1 were $91 million, or $1.10”

AVISTA CORP incurred mortgage of $120.0 million at 6.18 percent maturing due in 2055.

“On July 23, 2025, Avista Corporation (Avista Corp. or the Company) issued and sold $120.0 million of 6.18 percent first mortgage bonds due in 2055 pursuant to a bond purchase agreement with institutional investors in the private placement market.”

Heather L. Rosentrater was appointed as President and Chief Executive Officer at AVISTA CORP.

“the Company’s board of directors appointed Heather L. Rosentrater President and Chief Executive Officer and an Avista Corp. board member, effective January 1, 2025.”

Dennis P. Vermillion changed role as Executive Vice President and strategic advisor at AVISTA CORP.

“On August 22, 2024, Dennis P. Vermillion, Chief Executive Officer of Avista Corporation (Avista Corp. or the Company), announced to the Company’s board of directors that he will step down as Chief Executive Officer and as an Avista Corp. board member, effective December 31, 2024.”

AVISTA CORP shareholders approved Advisory (non-binding) vote on executive compensation at the 2024-05-01 meeting.

“Proposal 3: Advisory (non-binding) vote on executive compensation. For Against Abstain Broker Non-Votes 63,443,244 1,892,107 342,037 5,706,243 This advisory (non-binding) resolution was approved as the number of votes cast “for” exceeded the number of votes “against.” Abstentions and broker non-votes had no effect on the outcome.”

AVISTA CORP shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2024 at the 2024-05-01 meeting.

“Proposal 2: Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2024.”

AVISTA CORP shareholders approved Election of eleven directors at the 2024-05-01 meeting.

“Proposal 1: Election of eleven directors, for one-year terms expiring at the 2025 Annual Meeting of Shareholders, and until their successors are elected.”

AVISTA CORP reported the first quarter of 2024 results: net income $71,495, EPS $0.91. Guidance reaffirmed.

“Avista Corp. Reports Financial Results for the First Quarter of 2024, Confirms 2024 Earnings Guidance”

AVISTA CORP reported fourth quarter and fiscal year ended Dec. 31, 2023 results: net income $84,135, EPS $1.08. Guidance initiated.

“Avista Corp. Announces 2023 Results and Initiates 2024 Earnings Guidance • 2023 consolidated earnings per diluted share of $2.24”

AVISTA CORP reported fiscal year 2023 results: EPS $2.27 to $2.37 per diluted share.

“Due to the impacts of the Energy Recovery Mechanism (ERM) in Washington, we are narrowing our 2023 consolidated earnings guidance range to $2.27 to $2.37 per diluted share.”

AVISTA CORP reported nine months ended Sept. 30, 2023 results: net income $87.0 million, EPS $1.14 per diluted share.

“For the nine months ended Sept. 30, 2023, net income was $87.0 million, or $1.14 per diluted share”

AVISTA CORP reported third quarter of 2023 results: net income $14.7 million, EPS $0.19 per diluted share.

“Avista Corp. ( NYSE: AVA ) today reported net income of $14.7 million, or earnings of $0.19 per diluted share, for the third quarter of 2023”

Bryan Cox changed role as Senior Vice President, Safety & Chief People Officer at AVISTA CORP.

“Also effective October 1, 2023, Vice President, Safety & Chief People Officer Bryan Cox will become Senior Vice President, Safety & Chief People Officer.”

Heather Rosentrater was named as President and Chief Operating Officer at AVISTA CORP.

“On September 7, 2023, Avista Corporation (Avista Corp. or the Company) named Heather Rosentrater as President and Chief Operating Officer, effective October 1, 2023.”

AVISTA CORP reported 2023 full year results: EPS $2.27 to $2.47 per diluted share. Guidance reaffirmed.

“We are confirming our 2023 consolidated earnings guidance with a range of $2.27 to $2.47 per diluted share”

AVISTA CORP reported for the six months ended June 30, 2023 results: net income $72.3 million, EPS $0.96 per diluted share.

“For the six months ended June 30, 2023, net income was $72.3 million, or $0.96 per diluted share”

AVISTA CORP amended credit facility of increased the aggregate amount available from $400 million to $500 million with agent bank maturing expiration date to June 8, 2028.

“On June 8, 2023, Avista Corporation (Avista Corp. or the Company) amended its committed line of credit facility, increasing the aggregate amount available from $400 million to $500 million. The amendment also extended the expiration date to June 8, 2028”

AVISTA CORP reported first quarter of 2023, first quarter of 2022 results: net income $54.8 million, $71.6 million, EPS $0.73 per diluted share, $0.99 per diluted share. Guidance reaffirmed.

“Avista Corp. ( NYSE: AVA ) today reported net income of $54.8 million, or earnings of $0.73 per diluted share, for the first quarter of 2023, compared to $71.6 million, or $0.99 per diluted share, for the first quarter of 2022.”

Kevin Christie was appointed as Chief Financial Officer, Treasurer, and Senior Vice President Regulatory Affairs at AVISTA CORP.

“Following the announcement, the Company's board of directors appointed Kevin Christie as Chief Financial Officer, Treasurer, and Senior Vice President Regulatory Affairs, effective May 11, 2023.”

Mark Thies departed as Executive Vice President, Chief Financial Officer, and Treasurer at AVISTA CORP.

“On May 1, 2023, Mark Thies, Executive Vice President, Chief Financial Officer, and Treasurer, announced to the Company's board of directors that he will retire, effective October 1, 2023.”

AVISTA CORP incurred senior notes of $250.0 million at 5.66 percent maturing due in 2053.

“On March 29, 2023, Avista Corporation (Avista Corp. or the Company) issued and sold $250.0 million of 5.66 percent first mortgage bonds due in 2053 pursuant to a bond purchase agreement with institutional investors in the private placement market.”

AVISTA CORP reported the fourth quarter of 2022 results: net income $78.0 million, EPS $1.05 per diluted share. Guidance reaffirmed.

“For the fourth quarter of 2022, net income was $78.0 million, or $1.05 per diluted share”

AVISTA CORP reported the year ended Dec. 31, 2022 results: net income $155.2 million, EPS $2.12 per diluted share. Guidance reaffirmed.

“Avista Corp. ( NYSE: AVA ) today reported net income of $155.2 million, or $2.12 per diluted share, for the year ended Dec. 31, 2022”

AVISTA CORP entered into a asset purchase with NorthWestern Corporation (effective 2023-01-16).

“On January 16, 2023, Avista Corporation (Avista Corp. or the Company) entered into an agreement with NorthWestern Corporation (NorthWestern) under which the Company would abandon its 15 percent ownership in Colstrip Units 3 and 4, and NorthWestern would acquire ownership.”

Kristianne Blake departed as Lead Director at AVISTA CORP.

“On January 4, 2023, Kristianne Blake, a member of the Board of Directors of Avista Corporation (Avista Corp. or the Company), notified the Company that she has decided not to stand for re-election in 2023, and will retire from the Board effective May 11, 2023, the end of her term.”

AVISTA CORP incurred credit facility of $50 million with U.S. Bank National Association, as Administrative Agent, and CoBank, as Incremental Lender at variable annual interest rate determined by either the Secured Overnight Financi maturing March 30, 2023.

“Additionally, on December 30, 2022, the Company entered into an Incremental Commitment and Lender Joinder Agreement with U.S. Bank National Association, as Administrative Agent, and CoBank, as Incremental Lender in an incremental amount of $50 million.”

AVISTA CORP incurred credit facility of $50 million with MUFG Bank Ltd..

“On December 29, 2022, the Company entered into an uncommitted and unsecured Continuing Letter of Credit Agreement with MUFG Bank Ltd., as Issuer, in the aggregate amount of $50 million.”

AVISTA CORP entered into Incremental Commitment and Lender Joinder Agreement with U.S. Bank National Association and CoBank valued at $50 million incremental borrowing (effective 2022-12-30).

“On December 30, 2022, the Company entered into an Incremental Commitment and Lender Joinder Agreement with U.S. Bank National Association, as Administrative Agent, and CoBank, as Incremental Lender in an incremental amount of $50 million.”

AVISTA CORP entered into Continuing Letter of Credit Agreement with MUFG Bank Ltd. valued at $50 million (effective 2022-12-29).

“On December 29, 2022, the Company entered into an uncommitted and unsecured Continuing Letter of Credit Agreement with MUFG Bank Ltd., as Issuer, in the aggregate amount of $50 million.”

AVISTA CORP amended revolving credit of $50 million with Keybank National Association at variable annual interest rate determined by either the Secured Overnight Financi maturing November 28, 2023.

“Additionally, on December 15, 2022, the Company entered into the First Amendment of the Credit Agreement dated November 29, 2022 with Keybank National Association, as Lender and Administrative Agent. The amendment increases the existing unsecured revolving credit facility by $50 million, bringing the new total aggregate amount to $100 million, with a maturity date of November 28, 2023.”

AVISTA CORP incurred term loan of $100 million with U.S. Bank National Association and MUFG Bank Ltd. at variable annual interest rate determined by either the Secured Overnight Financi maturing March 30, 2023.

“On December 14, 2022, the Company entered into a Credit Agreement with U.S. Bank National Association, as Lender and Administrative Agent, and MUFG Bank Ltd. as Lender in an aggregate amount of $100 million with a maturity date of March 30, 2023.”

AVISTA CORP amended First Amendment of the Credit Agreement dated November 29, 2022 with Keybank National Association, as Lender and Administrative Agent valued at $50 million (effective 2022-12-15).

“on December 15, 2022, the Company entered into the First Amendment of the Credit Agreement dated November 29, 2022 with Keybank National Association, as Lender and Administrative Agent. The amendment increases the existing unsecured revolving credit facility by $50 million”

AVISTA CORP entered into Credit Agreement with U.S. Bank National Association, as Lender and Administrative Agent, and MUFG Bank Ltd. as Lender valued at $100 million (effective 2022-12-14).

“On December 14, 2022, the Company entered into a Credit Agreement with U.S. Bank National Association, as Lender and Administrative Agent, and MUFG Bank Ltd. as Lender in an aggregate amount of $100 million”

AVISTA CORP incurred revolving credit of $50 million with Keybank National Association, as Lender and Administrative Agent at variable annual interest rate determined by either the Secured Overnight Financi maturing November 28, 2023.

“On November 29, 2022, Avista Corporation (Avista Corp. or the Company) entered into a revolving Credit Agreement with Keybank National Association, as Lender and Administrative Agent, in an aggregate amount not to exceed $50 million with a maturity date of November 28, 2023. Loans under this agreement are unsecured and will have a variable annual interest rate determined by either the Secured Overnight Financing Rate or the Alternative Base Rate depending on the type of loan selected by Avista Corp.”

AVISTA CORP entered into Credit Agreement with Keybank National Association, as Lender and Administrative Agent valued at $50 million (effective 2022-11-29).

“On November 29, 2022, Avista Corporation (Avista Corp. or the Company) entered into a revolving Credit Agreement with Keybank National Association, as Lender and Administrative Agent, in an aggregate amount not to exceed $50 million with a maturity date of November 28, 2023.”

AVISTA CORP reported 2022 full year results: EPS $1.88 to $2.08 per diluted share. Guidance lowered.

“we are lowering our 2022 consolidated earnings guidance by $0.05 per diluted share to a range of $1.88 to $2.08 per diluted share.”

AVISTA CORP reported nine months ended September 30, 2022 results: net income $77.2 million, EPS $1.06 per diluted share. Guidance lowered.

“For the nine months ended Sept. 30, 2022, net income was $77.2 million, or $1.06 per diluted share, compared to $96.5 million, or $1.38 per diluted share, for the nine months ended Sept. 30, 2021.”

R. John Taylor retired as Director at AVISTA CORP.

“She fills the vacancy created when R. John Taylor retired from the Board on June 21, 2021.”

Julie Bentz was appointed as Director at AVISTA CORP.

“On August 11, 2021, Avista Corporation (Avista Corp. or the Company) announced that Major General (Retired) Julie Bentz, age 57, had been appointed by the Avista Corp. Board of Directors on August 5, 2021 and will join the board effective November 1, 2021.”