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Stock Market & Financial Investment News

News Breaks
June 24, 2014
09:06 EDTAVAAvista forms Salix to explore customized LNG solutions
Salix, a non-utility subsidiary of Avista, has been formed to explore domestic markets that could be served with liquefied natural gas, primarily in the West and Pacific Northwest. Robert Lafferty has been named president of Salix. The company said, "Salix will explore ways to extend the significant benefits of natural gas beyond traditional pipeline-supplied markets."
News For AVA From The Last 14 Days
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April 15, 2015
07:18 EDTAVAAvista receives approval of settlement in Oregon natural gas rate request
Avista received approval from the Public Utility Commission of Oregon, or PUC, of a revised all-party settlement agreement, concluding the proceedings for the general rate request filed on Sep. 2, 2014. New rates will take effect April 16, 2015. The approved rates are designed to increase annual billed revenues by 4.9% or $5.0M. The $5.0M billed revenue increase is composed of a base rate increase of $5.26M, offset by $0.26M that the company is already receiving from customers through a separate rate adjustment. The approved settlement agreement reflects a 9.5% ROE, and a 51% equity layer. The rate of return is 7.52%. A residential customer using an average of 47 therms per month would see a $3.15 per month increase, or 5.2%, for a revised monthly bill from $60.50 to $63.65, effective April 16, 2015. This bill change reflects no increase in the monthly basic charge. The actual percentage increase will vary by customer class and will depend on how much energy a customer uses.

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