Avista makes annual price adjustment filings in Idaho

| July 14, 2020 1:00 AM

Avista has made annual rate adjustment filings with the Idaho Public Utilities Commission that if approved, are designed to decrease overall electric revenues by about $3 million or 1.2% effective Oct. 1, and decrease overall natural gas revenue by about $700,000 or 1.1% effective Nov. 1.

These annual filings have no impact on Avista’s earnings, according to a press release.

The first natural gas adjustment is Avista’s annual natural gas Fixed Cost Adjustment. If approved, Avista’s request is designed to decrease overall natural gas revenue by about $1.1 million or 1.8% effective Nov. 1.

The second adjustment is the annual Purchased Gas Cost Adjustment filing. If approved, Avista’s request is designed to increase natural gas revenues by $400,000 or 0.7 %.

When combined, the two requests are designed to decrease overall natural gas revenue by about $700,000 or 1.1% effective Nov. 1.

The electric adjustment request is the annual electric FCA. If approved, Avista’s request is designed to decrease overall electric revenues by about $3 million or 1.2% effective Oct. 1.

If the electric FCA filing is approved, residential electric customers in Idaho using an average of 898 kilowatt hours per month would see their monthly bills decrease from $85.30 to $84.13, a decrease of $1.17 per month, or approximately 1.4%,”the press release said.

The proposed electric rate change would be effective Oct. 1.

If the natural gas FCA and PGA filings are approved, residential natural gas customers in Idaho using an average of 64 therms per month would see their monthly bills decrease from $50.98 to $50.18, a decrease of $0.80 per month, or approximately 1.6%, the release said. The proposed natural gas rate changes would be effective Nov. 1.