Today, our Idaho customers will recieve an email from us, detailing why rates changed slightly on Oct. 1. Pasted below is the message from Avista Utilities President Dennis Vermillion.
Dear Avista Customer,
Electric and natural gas rates changed October 1. Here's why.
On the first of this month the Idaho Public Utilities Commission (IPUC) announced changes to Avista’s electric and natural gas rates in Idaho. Your electric rates will decrease 2.1 percent, while natural gas rates will increase 0.3 percent. Avista doesn’t change rates on its own. The IPUC sets the rates you pay after Avista requests a change and provides the reasons for it.
As you might expect, a few increases and decreases combined to make up the final rate changes. Avista is continuing to invest in and maintain the electric and natural gas systems that serve you and because of that, some portions of your bill are increasing, but those are largely off-set by other rate components that have decreased. Learn more about the components.
Avista has agreed to keep base rates at this new level until at least April 1, 2013, although we may file for changes prior to that date. The IPUC has seven months to approve a general rate case. This doesn’t mean rates won’t change at all in 2012, as we will also continue to file annual requests to true-up the actual cost of natural gas and electricity.
We know how much any rate change impacts you and your monthly budget, that’s why we’re working hard to manage our costs while providing the safe, reliable service you expect from us.
President, Avista Utilities