Avista Makes Annual Price Adjustment Filings in Idaho
These annual filings are separate from the general rate case request filed in
Power Cost Adjustment (PCA)
The first adjustment is the Avista's annual Power Cost Adjustment (PCA). The PCA is an annual rate adjustment made to reflect the differences between Avista's actual cost of generating and purchasing electric power to serve customers and the cost currently included in customer rates. It is a true-up to reflect the actual cost of power to serve customers.
Part of the proposed PCA rate adjustment decrease is related to the expiration of a surcharge customers are currently paying in their retail rates. Beginning in
Residential Exchange Program
The second electric rate adjustment is related to the
Net Change in Rates
If approved by the IPUC, the two proposed electric rate changes would result in a net revenue decrease of approximately 2.2 percent or
The PCA-related decrease applies to all customer rate schedules. PCA rate adjustments are applied based on a uniform cents per kilowatt-hour change for all rate schedules. Because there are differences in the basic charges, demand charges, and energy charges between the various rate schedules, the PCA percentage decrease is different. The decrease in benefits from the BPA Residential Exchange Program, however, only affects residential and small farm customers.
The electric decreases by rate schedule are:
Residential Service - Schedule 1 0.3%
General Service - Schedules 11 & 12 2.6%
Large General Service - Schedules 21 & 22 3.4%
Extra Large General Service - Schedule 25 5.2%
Extra Large General Service - Schedule 25P 5.2%
Pumping Service - Schedules 31 & 32 2.6%
Street & Area Lights - Schedules 41-48 1.0%
Rate Application Procedure
Avista's applications are proposals, subject to public review and a commission decision. Copies of the applications are available for public review at the offices of both the commission and Avista, and on the commission's homepage (www.puc.idaho.gov). Customers may file with the commission written comments related to Avista's filings. Customers may also subscribe to the commission's RSS feed (http://www.puc.idaho.gov/rssfeeds/rss.htm) to receive periodic updates via e-mail about the case. Copies of rate filings are also available on Avista's website at www.avistautilities.com/rates.
About
This news release contains forward-looking statements regarding the company's current expectations. Forward-looking statements are all statements other than historical facts. Such statements speak only as of the date of the news release and are subject to a variety of risks and uncertainties, many of which are beyond the company's control, which could cause actual results to differ materially from the expectations. These risks and uncertainties include, in addition to those discussed herein, all of the factors discussed in the company's Annual Report on Form 10-K for the year ended
Contact:
Media:
(509) 495-8031
debbie.simock@avistacorp.com
Investors:
(509) 495-2930
jason.lang@avistacorp.com
Avista 24/7 Media Access
(509) 495-4174
Source: