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GlobeNewswire·

Avista Makes Annual Price Adjustment Requests in Washington

  • Avista filed annual rate adjustment requests with the Washington Utilities and Transportation Commission to align customer rates with actual incurred costs.
  • Approved filings would decrease natural gas rates by approximately 11.5% while leaving electric rates nearly unchanged with a 0.01% reduction.
  • The primary driver for the natural gas decrease is the Climate Commitment Act, which accounts for an 11% reduction, alongside lower supply & transportation costs.
  • Most residential natural gas customers using 61 therms monthly would see bills drop from $96.18 to $88.80, a decrease of roughly 7.7%.
  • Non-residential natural gas customers face larger decreases, including a 35.7% reduction for transportation service schedule 146 customers.
  • Residential electric customers using 925 kWh monthly would see a negligible bill decrease from $125.69 to $125.64, representing a 0.04% drop.
  • Electric adjustments include a 0.03% decrease for residential service but small increases for general service, large general service, extra large general service, & street lighting schedules.
  • Natural gas adjustments total $34.3 million in reductions, driven by $32.8 million from the Climate Commitment Act, $1.3 million from the Purchased Gas Cost Adjustment, & $0.1 million from insurance expense balancing.
  • The Climate Commitment Act adjustment reflects lower compliance costs & updated benefits from the sale of no-cost allowances allocated by the Washington Department of Ecology.
  • The Purchased Gas Cost Adjustment reflects lower wholesale natural gas prices during the past winter compared to previously approved levels.
  • Electric adjustments result in an overall decrease of approximately $20,000, offsetting a $0.5 million increase for the Clean Energy Implementation Plan with decreases from the Residential Exchange Program & insurance expenses.
  • Avista offers assistance through the My Energy Discount program, payment arrangements, & partnerships with local community action agencies for emergency energy assistance.