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Avista Corp.
Avista Disappointed in BPA Decision That Will Increase Customer Bills
October 18th, 2008
Avista (NYSE:AVA) residential and small-farm customers in Washington and Idaho will likely see an increase in monthly electric bills because of a significant loss in benefits to the company under the Bonneville Power Administration's (BPA) Residential Exchange Program. Avista passes the benefit to its qualifying customers as a rate credit on monthly electric bills. The Residential Exchange Program, under the Northwest Power Act, provides a share of the benefits of the federal Columbia River power system to residential and small-farm customers of the six investor utilities of the Pacific Northwest including Avista. BPA recently announced its rate...
Source: Law & Health Weekly (2008-10-18)
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