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Stock Market & Financial Investment News

News Breaks
June 27, 2014
16:16 EDTAVAAvista receives $15M in settlement proceeds from CA energy market litigation
Avista announced the completion of a litigation settlement with various California parties that resulted in Avista Energy, an unregulated indirect subsidiary of Avista Corp, receiving $15M in net settlement proceeds on June 23. The litigation was related to the prices paid in the California spot markets during the years 2000 and 2001. The settlement agreement was finalized and filed with the Federal Energy Regulatory Commission, or FERC, in March, and FERC approved the settlement in early June. This will result in Avista Energy recognizing an increase in pre-tax earnings of approximately $15M, or $10M after-tax. These amounts were not included in Avista Corp.'s original earnings guidance issued for 2014. Avista Corp. will update its earnings guidance for 2014 during its Q2 earnings call in early August.
News For AVA From The Last 14 Days
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October 20, 2014
06:15 EDTAVAAvista downgraded to Sell from Neutral at UBS
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October 14, 2014
16:08 EDTAVAAvista 'quietly' seeks buyer, Berkshire interested, TheDeal.com says
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15:59 EDTAVAAvista said to be in talks with suitors, Bloomberg reports
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