IPUC OKs electric and natural gas settlement agreement   

Tags: Avista Utilities, Idaho, Rates, Natural Gas, Electricity, Energy Efficiency

Today Avista received word that the Idaho Public Utilities Commission (IPUC) has approved the settlement agreement Avista and other parties reached on July 26 in the company’s request to increase electric and natural gas prices to recover costs for providing reliable electric and natural gas service to our Idaho customers. Read about the agreement in our blog posting and the IPUC news release here.

Today’s approval by the IPUC means that the electric rate increase will be phased-in over three years beginning Oct. 1, 2010, by 3.6 percent, by 3.9 percent on Oct. 1, 2011, and by 1.74 percent on Oct. 1, 2012. The approved natural gas increase will be phased-in over two years, beginning Oct. 1, by 1.9 percent, and by 0.72 percent on Oct. 1, 2011.

An important component of today’s approval is an increase in funding for low-income weatherization and for low-income outreach and education programs about energy conservation. While energy costs will continue to increase because of, among other reasons, rising power supply costs and federal mandates, energy efficiency is a key step in helping all customers manage their energy costs. Find out more about how Avista can help you with energy saving information, including rebates and incentives at www.everylittlebit.com.

We’ll continue our focus on reducing costs and gaining efficiencies wherever possible without compromising safety or reliability, which we take very seriously. We’ll keep you updated on what we’re doing.

As usual, we’d like to hear what’s on your mind. Post a comment in the block below or send us an email at conversation@avistautilities.com

Posted by  System Account  on  9/22/2010
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