Avista reaches Oregon natural gas rate settlement

|About: Avista Corporation (AVA)|By:, SA News Editor

Avista (NYSE:AVA) says it has agreed to a settlement with all parties involved in its natural gas general rate request filed in March.

AVA says the settlement would increase annual natural gas billed revenues by 4.2% and includes a rate of return on rate base of 7.24%, with a 50% common equity ratio and a 9.4% return on equity, both of which represent a continuation of existing authorized levels.

If the agreement is approved by Oregon's Public Utility Commission, new rates would take effect on Jan. 15, 2020.

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