New capital investments in updating natural gas pipe and technology led Avista to file a request with the Public Utility Commission of Oregon (PUC) to increase natural gas rates for customers by an overall 9.8 percent. The company’s last general rate increase request in Oregon was filed in 2010.
The request is designed to produce approximately $9.5 million in additional natural gas revenue and is based on a proposed rate of return of 7.83 percent with a common equity ratio of 50 percent and a currently authorized 10.1 percent return on equity.
If the general rate request is approved by the PUC, a residential customer using an average of 48 therms a month would see a $6.17 a month increase, or 10.6 percent, for a revised monthly bill of $64.17. Avista serves approximately 96,700 customers in Oregon. The PUC has up to 10 months to review Avista’s request.
For more information please click on the attached link:
Avista Rate Case Filing
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