Avista Filed A Request With The Public Utility Commission Of Oregon To Increase Natural Gas Base Rates Effective September 1, 2025; The Proposal Is Designed To Increase Overall Natural Gas Base Revenue By ~$7.8M, Or 6.6% On A Billed Basis, And Is Based On A Proposed Rate Of Return Of 7.67% With A Common Equity Ratio Of 50% And A 10.4% Return On Equity
Portfolio Pulse from Benzinga Newsdesk
Avista has filed a request with the Public Utility Commission of Oregon to increase natural gas base rates by 6.6% starting September 1, 2025. This proposal aims to raise natural gas base revenue by approximately $7.8 million, with a proposed rate of return of 7.67% and a 10.4% return on equity.
November 01, 2024 | 8:07 pm
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Avista's proposal to increase natural gas base rates in Oregon could lead to a revenue boost of $7.8 million, potentially impacting its financial performance positively.
The proposed rate increase is significant for Avista as it directly impacts its revenue stream. A successful approval could enhance Avista's financial performance by increasing its natural gas base revenue by $7.8 million. The proposal's focus on a 10.4% return on equity suggests a strategic move to improve profitability.
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IMPORTANCE 80
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