IPUC adopts settlement to Avista case

The Idaho Public Utilities Commission is adopting a settlement to the Avista Utilities electric and natural gas rate case that increases electric rates an average 0.6 percent (six-tenths of 1 percent) and natural gas rates by 3.5 percent effective Jan. 1, 2016. 

The settlement is a significant reduction from Avista’s original electric rate request of 10.3 percent over two years – 5.2 percent in 2015 and 5.1 percent in 2017. On the gas side, Avista originally requested 4.5 percent in 2016 and 2.2 percent in 2017.

The settlement reduces Avista’s requested annual electric revenue increase from $13.2 million to $1.7 million. It reduces the requested natural gas annual revenue increase from $3.2 million to $2.5 million. Avista sought a 9.9 percent return on equity and was granted 9.5.

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