Archives
August 2015 (1)
June 2015 (1)
May 2015 (1)
February 2015 (1)
January 2015 (1)
November 2014 (2)
October 2014 (2)
September 2014 (6)
August 2014 (1)
July 2014 (5)
June 2014 (1)
March 2014 (3)
February 2014 (2)
January 2014 (1)
November 2013 (3)
October 2013 (1)
August 2013 (3)
July 2013 (4)
May 2013 (4)
April 2013 (3)
March 2013 (2)
February 2013 (3)
January 2013 (4)
December 2012 (6)
November 2012 (9)
October 2012 (10)
September 2012 (9)
August 2012 (14)
July 2012 (17)
June 2012 (14)
May 2012 (13)
April 2012 (18)
March 2012 (14)
February 2012 (10)
January 2012 (12)
December 2011 (8)
November 2011 (11)
October 2011 (10)
September 2011 (13)
August 2011 (10)
July 2011 (6)
June 2011 (12)
May 2011 (8)
April 2011 (8)
March 2011 (9)
February 2011 (6)
January 2011 (9)
December 2010 (8)
November 2010 (17)
October 2010 (8)
September 2010 (12)
August 2010 (15)
July 2010 (10)
June 2010 (15)
May 2010 (9)
April 2010 (11)
March 2010 (13)
February 2010 (10)
January 2010 (14)
December 2009 (14)
November 2009 (10)
October 2009 (17)
September 2009 (20)
August 2009 (18)
July 2009 (22)
June 2009 (12)
Categories
Answering Questions
Avista Utilities
CFLs
Clark Fork
Community Service
Customer Service
Electricity
Energy Assistance
Energy Efficiency
Environment
Environment Facts
Events
Hydro power
Idaho
Infrastructure upgrades
Lake Coeur d'Alene
Natural Gas
Oregon
Power Outages
Rates
Rebates/Incentives
Reliability Facts
Renewable Energy
Renewable Facts
Safety
Smart Grid
Spokane River
Video
Washington
Weather
Wildlife
Wind

Settlement agreement would extend current rate plan in Idaho   

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

 

Today, Avista announced that a settlement has been reached to extend the current rate plan in Idaho. The settlement proposes that there would be no increase in base retail rates for customers prior to 2016.

 

What Does This Mean?

The extension of the current rate plan provides rate stability for customers and is the result of a collaborative process. It is an outcome that is beneficial for our customers and the company.

 

This includes:

·         Unchanged base retail rates

·         Maintained level of rebates that customers currently receive

·         The opportunity to balance the recovery of costs of providing safe and reliable energy and the company’s opportunity to earn a fair return

 

Details of the Proposed Settlement

The details of the proposed settlement demonstrate what can be a complex process and topic.

·         Replacement of two rebates that are set to expire on Jan. 1, 2015 that are currently reducing customers’ monthly energy bills by 1.3 percent on the electric side and 1.7 percent on the natural gas side.

·          An estimated $3.7 million increase in pre-tax margin in 2015 for Idaho operations.

·          Deferral of the majority of costs related to completion of Avista’s customer information system upgrades in 2015, as well as a change in the timing of expenses related to operations and maintenance (O&M) costs pertaining to its Colstrip and Coyote Springs 2 thermal generating facilities.

·          Use of any deferral balance resulting from the 2014 Idaho earnings test to support up to a 9.5 percent return on equity (ROE) in 2015.

·          If the company earns more than its currently authorized 9.8 percent ROE in 2015, 50 percent of the earnings above 9.8 percent would be deferred for future ratemaking.

 

PGA and PCA Adjustments

The proposed settlement applies to base rates. Avista will file annual rate adjustments including the Power Cost Adjustment (PCA) and Purchased Gas Cost Adjustment (PGA). These adjustments balance the actual costs of purchasing or generating energy and natural gas to serve customers and the amounts currently covered in rates, and are typically filed in the third quarter every year.

 

The settlement has been filed with and must be approved by the Idaho Public Utilities Commission (IPUC or Commission).

 

Read the announcement news release.
 
Posted by  System Account  on  7/14/2014
1  Comment  | 0  Links to this post | Bookmark this post with:          
 

Comments

Add a Comment


We encourage comments on this blog, but this is a family friendly conversation, so please check out our discussion guidelines so we’re all on the same page. By submitting a comment, you agree to these terms and our Privacy Policy.  

Customers must have a My Account and be logged in to comment.
Login to My Account | Create My Account


Name:    
Comments:    



We're hopeful that this space will encourage thought provoking and informative community discussions about issues related to our products and services. Currently you must be an Avista customer to participate in the conversation, but stay tuned. In the coming weeks we'll also provide an opportunity for non-customers to participate in this forum.