The latest environmental, social and governance (ESG) information can be found at avistacorp.com. SPOKANE, Wash., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Today, Avista (NYSE: AVA) published its latest Corporate Responsibility report and other environmental, social and governance (ESG) information on its corporate website, avistacorp.com. The content reports on Avista’s operations and includes commitments in four areas: environment, people, customers and communities, and ethical governance. The latest report inclu ...

Company pleased with the fair and balanced decision for the Company and its customersSPOKANE, Wash., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Avista's (NYSE: AVA) electric and natural gas general rate cases filed in January 2024 have concluded, with an order from the Washington Utilities and Transportation Commission (Commission) approving a two-year rate plan that will change electric and natural gas rates, beginning Jan. 1, 2025, and Jan. 1, 2026. For electric operations, the Commission approved rates designed t ...

Financial Data and Key Metrics Changes - Consolidated earnings for Q3 2024 were $0.23 per diluted share, up from $0.19 in Q3 2023, with year-to-date earnings at $1.44 per diluted share compared to $1.14 last year [5] Business Line Data and Key Metrics Changes - Avista Utilities showed continued improvement in Q3 2024, largely due to general rate cases, despite a pre-tax expense of $3.2 million under the Energy Recovery Mechanism (ERM) [25] - AEL&P's results were in line with expectations, on track to meet full-year earnings targets [26] Market Data and Key Metrics Changes - The other businesses segment is expected to incur a net loss of $0.04 to $0.06 per diluted share in 2024, primarily due to mark-to-market valuations [30][41] Company Strategy and Development Direction - The company is focused on regulatory strategy, with expectations for a constructive rate order from Washington general rate cases in mid-December and plans to file a general rate case in Oregon [27] - Planned capital expenditures for Avista Utilities are approximately $515 million for 2024, with a three-year capital plan of about $1.7 billion to support customer growth and maintain infrastructure [28][29] Management's Comments on Operating Environment and Future Outlook - Management acknowledged headwinds in Q3 but expressed confidence in the team's ability to execute on regulatory strategies and commitments [12] - The company expects improvements in private equity markets and is optimistic about future opportunities within its investment portfolio [30][44] Other Important Information - The company has made significant progress towards clean energy goals, including signing four Power Purchase Agreements (PPAs) for a total of 325 megawatts of renewable energy [11] - The Clearwater Wind Project has come online early, supporting the company's clean energy goals [18] Q&A Session Summary Question: Upcoming milestones for the North Plains Connector project - Management indicated that definitive agreements are expected to be developed in the next six to nine months, which is a key piece of the integrated resource plan [34] Question: Financial commitment for the North Plains Connector - It was clarified that there will likely be some smaller payments before the project is operational, with the majority occurring after energization [35] Question: ERM and optimization of the generation portfolio - Management discussed the need for more company-owned generation to manage ongoing volatility in power supply costs, emphasizing the importance of changes to the ERM [37][38] Question: Details on the loss in the other segment - The loss is primarily due to mark-to-market valuations, with management expressing optimism about future improvements in the clean-tech market [41][42] Question: Legislative initiatives regarding wildfire response - Management confirmed plans to pursue legislation in Washington and Idaho related to wildfire response liabilities in the upcoming legislative session [48]

Avista (AVA) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 64.29%. A quarter ago, it was expected that this utility would post earnings of $0.22 per share when it actually produced earnings of $0.29, delivering a surprise of 31.82%.Over the last four quarters, the company has surpas ...

Quarterly results demonstrate continued improvement at core utility from 2023Expect to be at the low end of Avista Utilities guidance rangeLowering earnings guidance for our other businesses due to lower than expected investment valuations SPOKANE, Wash., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE: AVA) today announced financial results for the third quarter of 2024. Net income and earnings per diluted share for the third quarter and year-to-date 2024 compared to the same periods in 2023 are prese ...

Exhibit 99.1 1 Contact: Media: Lena Funston (509) 495-8090 lena.funston@avistacorp.com Investors: Stacey Wenz (509) 495-2046 stacey.wenz@avistacorp.com Avista 24/7 Media Access (509) 495-4174 Avista Corp. Reports Financial Results for the Third Quarter of 2024 • Quarterly results demonstrate continued improvement at core utility from 2023 • Expect to be at the low end of Avista Utilities guidance range • Lowering earnings guidance for our other businesses due to lower than expected investment valuations | - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number 1-3701 AVISTA CORPORATION (Exact name of Registrant as specified in its charter) Washington 91-0462470 | --- | --- | --- | |---- ...

SPOKANE, Wash., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Avista Corporation (NYSE: AVA) today signed a nonbinding memorandum of understanding with North Plains Connector LLC, a wholly owned entity of Grid United, in the development of the North Plains Connector, an approximately 420-mile high-voltage direct-current (HVDC) transmission line to be constructed with endpoints near Bismarck, North Dakota and Colstrip, Montana. The parties will now work to finalize definitive agreements regarding Avista's participation, ...

SPOKANE, Wash., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Today, Avista (NYSE: AVA) filed a request with the Public Utility Commission of Oregon (PUC) to increase natural gas base rates effective September 1, 2025. The proposal is designed to increase overall natural gas base revenue by approximately $7.8 million, or 6.6% on a billed basis, and is based on a proposed rate of return of 7.67% with a common equity ratio of 50% and a 10.4% return on equity. “Our customers remain our primary focus as we make decisions a ...

Avista (AVA) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 6. On ...