Avista Makes Annual Price Adjustment Filings in Idaho
These annual filings are separate from the general rate case request filed in
Customer Bills
If approved, residential electric customers in
The requested electric rate changes by rate schedule are:
Residential Service - Schedule 1 | 2.0% | |
General Service - Schedules 11 & 12 | 1.7% | |
Large General Service - Schedules 21 & 22 | 1.8% | |
Extra Large General Service - Schedule 25 | -2.8% | |
Extra Large General Service - Schedule 25P | -3.1% | |
Pumping Service - Schedules 31 & 32 | 1.8% | |
Street & Area Lights - Schedules 41-49 | 0.9% | |
Overall | 1.1% |
Power Cost Adjustment (PCA)
The first adjustment is Avista’s annual Power Cost Adjustment (PCA). The PCA is an annual rate adjustment made to reflect certain 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.
The proposed PCA rate adjustment would rebate to customers approximately
Residential Exchange Program
The second adjustment is related to the
Energy Efficiency
The third rate adjustment is related to the funding of Avista’s electric energy efficiency programs. This filing is a true-up, adjusting the amount of funding that is collected in customer rates needed to run the programs, including the rebates and incentives paid to customers, so that it aligns with the actual costs to deliver the programs. Avista’s programs are based on providing a financial incentive, or “rebate,” for cost-effective energy efficiency measures with a simple payback less than 15 years. This includes approximately 300 measures that are packaged into about 30 programs, providing choices for our customers. If approved, the proposed change associated with this filing is designed to increase revenue by approximately
Electric Fixed Cost Adjustment
The fourth rate adjustment is related to Avista’s electric fixed cost adjustment mechanism (FCA). The FCA mechanism is designed to break the link between a utility’s revenues and customers’ energy usage. Avista’s actual revenue, based on kilowatt hour sales, will vary, up or down, from the level included in a general rate case and approved by the Commission. This could be caused by changes in weather, energy conservation or the economy. Generally, under the FCA Avista’s electric revenues are adjusted each month based on the number of customers, rather than kilowatt hour sales. The difference between revenues based on sales and revenues based on the number of customers is surcharged or rebated to customers beginning in the following year. For electric operations, the rate adjustment is designed to increase revenues by approximately
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 website (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.myavista.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:Casey Fielder (509) 495-4916 casey.fielder@avistacorp.com Investors:Jason Lang (509) 495-2930 jason.lang@avistacorp.com Avista 24/7 Media Access (509) 495-4174