Avista Corp Sells Haskell Generation Facility

TL;DR

Avista selling Haskell plant, deal expected Q1 2025.

AI Summary

Avista Corp. reported on January 31, 2025, that it has entered into a definitive agreement to sell its Haskell generation facility to an undisclosed buyer. The sale is expected to close in the first quarter of 2025, subject to customary closing conditions. This transaction is part of Avista's ongoing strategy to optimize its generation portfolio.

Why It Matters

The sale of the Haskell generation facility may impact Avista's future energy generation mix and financial performance, potentially leading to changes in operational costs or revenue streams.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of an asset sale with no immediate financial distress indicated.

Key Players & Entities

• Avista Corp. (company) — Registrant
• Haskell generation facility (asset) — Asset being sold
• January 31, 2025 (date) — Date of report
• first quarter of 2025 (date) — Expected closing period

FAQ

Key Financial Figures

• $43.0 million — crease annual base electric revenues by $43.0 million (or 14.0 percent of base revenues), eff
• $17.7 million — nues), effective in September 2025, and $17.7 million (or 5.0 percent of base revenues), effe
• $8.8 million — ase annual base natural gas revenues by $8.8 million (or 17.7 percent of base revenues), eff
• $1.0 million — nues), effective in September 2025, and $1.0 million (or 1.7 percent of base revenues), effe

Filing Documents

• ava-20250131.htm (8-K) — 39KB
• 0000950170-25-014777.txt ( ) — 146KB
• ava-20250131.xsd (EX-101.SCH) — 23KB
• ava-20250131_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events On January 31, 2025, Avista Corporation (Avista Corp. or the Company) filed multi-year electric and natural gas general rate cases with the Idaho Public Utilities Commission (IPUC or Commission). If approved, new rates would be effective in September 2025 and September 2026. The proposed rates are designed to increase annual base electric revenues by $43.0 million (or 14.0 percent of base revenues), effective in September 2025, and $17.7 million (or 5.0 percent of base revenues), effective in September 2026. For natural gas, the proposed rates are designed to increase annual base natural gas revenues by $8.8 million (or 17.7 percent of base revenues), effective in September 2025, and $1.0 million (or 1.7 percent of base revenues), effective in September 2026. The proposed electric and natural gas revenue increase requests are based on a 10.4 percent return on equity with a common equity ratio of 50 percent and a rate of return on rate base of 7.68 percent. Ongoing capital infrastructure investment (including replacement of wood poles and natural gas distribution pipe, continued investment in the wildfire resiliency plan, and technology) and increases in operations, maintenance and power supply costs are the main drivers of the proposed increase. The IPUC has up to nine months to review the general rate case filings and issue a decision.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. AVISTA CORPORATION Date: February 5, 2025 By: /s/ Kevin J. Christie Kevin J. Christie Senior Vice President, Chief Financial Officer, Treasurer and Regulatory Affairs Officer

View Full Filing

View this 8-K filing on SEC EDGAR