Avista Makes Annual Price Adjustment Filings in Idaho
These filings are separate from a general rate request and the settlement agreement reached in
Power Cost Adjustment (PCA)
The first adjustment is the company'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 is related to the expiration of a rebate to customers. Beginning in
In addition, power supply costs in the most recent 12 months were higher than those included in base retail rates, due primarily to increased fuel costs and power purchase expense, some of which was to replace the energy lost due to an outage at the Colstrip Generating Plant Unit #4. The proposed PCA surcharge would pass through to customers approximately
Residential Exchange Program
The second electric rate adjustment is related to the
The benefit Avista will receive from BPA starting in
If approved by the Commission, the two proposed electric rate changes would result in a revenue increase of approximately 4.8 percent or
The electric increases by rate schedule are:
|Residential Service - Schedule 1||4.1%|
|General Service - Schedules 11 & 12||3.9%|
|Large General Service - Schedules 21 & 22||5.0%|
|Extra Large General Service - Schedule 25||7.4%|
|Pumping Service - Schedules 31 & 32||4.3%|
|Street & Area Lights - Schedules 41-48||1.7%|
Rate Application Procedure
Avista's rate applications are proposals, subject to public review and a decision by the Commission. Copies of the applications are available for public review at the offices of both the IPUC and Avista, as well as on the IPUC's homepage at www.puc.idaho.gov. The IPUC will begin a review of Avista's applications and will seek public input on the company's request.
Energy Efficiency and Energy Assistance Programs
To help customers proactively manage their energy use, Avista offers a number of energy efficiency programs. Information on available energy efficiency rebates and incentives from Avista for residential, commercial and low-income customers is available at www.avistautilities.com, along with other energy-saving information.
Information on energy assistance programs and payment options offered by Avista to help qualifying customers is available at www.avistautilities.com.
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