Avista Makes Annual Rate Adjustment Filings With The Washington Utilities And Transportation Commission; 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%
Portfolio Pulse from Benzinga Newsdesk
Avista has filed for rate adjustments with the Washington Utilities and Transportation Commission. If approved, natural gas rates will decrease by 13.9%, while electric rates will increase by 3.5%. These changes involve multiple adjustments in gas and electric revenues.
August 30, 2024 | 8:09 pm
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Avista has proposed rate adjustments that could decrease natural gas rates by 13.9% and increase electric rates by 3.5% in Washington. This regulatory move could impact Avista's revenue streams.
The proposed rate adjustments by Avista are significant as they directly affect the company's revenue from natural gas and electric services. The decrease in natural gas rates could reduce revenue, while the increase in electric rates might offset some of this loss. The overall impact on Avista's stock price in the short term is uncertain, as it depends on the approval of these adjustments by the Commission.
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