Avista (NYSE:AVA) has made annual rate adjustment filings with the Washington Utilities and Transportation Commission (Commission) that if approved, will result in an overall decrease in natural gas rates of 13.9%, and an overall increase in electric rates of 3.5%.
Washington Natural Gas Adjustment Filings
Four natural gas adjustments were filed, that if approved, are designed to change overall natural gas revenues as follows:
- Purchased Gas Cost Adjustment: decrease of $74.5 million or 24.6%
- Climate Commitment Act: increase of $25.2 million or 8.3%
- Low Income Rate Assistance Program: increase of $6.8 million or 2.3%
- Insurance Expense Balancing: increase of $0.2 million or 0.1%
Washington Electric Adjustment Filings
Five electric adjustments were filed, that if approved, are designed to change overall electric revenues as follows:
- Wildfire Expense Balancing: increase of $1.4 million or 0.2%
- Residential Exchange Program: decrease of $0.7 million or 0.1%
- Insurance Expense Balancing: increase of $4.6 million or 0.7%
- Clean Energy Implementation Plan: increase of $2.1 million or 0.3%
- Low Income Rate Assistance Program: increase of $15.3 million or 2.3%
