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Home My WebLink About20180702Press Release and Customer Notice.pdfBEFORE TFM IDAHO PUBLIC UTILITIES COMMISSION AVISTA UTILITIES CASE NO. AVU-E-I8-CI1, EXHIBIT D FCA Press Release and Customer Notice Electric Service June 29,2018 Contact: Media: Casey Fielder (509) 495-491 6 casev.fielder@avistacorp.com lnvestors: Lauren Pendergraft (509) 495-2998 lauren.penderoraft@avistacorp.com Avista 2417 Media Access (509) 495-4174 Avista Files Annual Adjustments to Decrease Rates in ldaho Decrease in electric and natural gas prices would take effect in the fall SPOKANE, Wash. - July 2,2018,4:05 a.m. PDT: Avista (NYSE: AVA) has made its annual fixed cost adjustment (FCA) filings with the ldaho Public Utilities Commission (IPUC or Commission) that if approved, are designed to decrease overall electric revenues by $2.+ million or 2.9 percent effective Oct. 1 ,2018 and decrease overall natural gas revenues by $2.7 million or 4.5 percent effective Nov. 1 ,2018. The rate adjustments are driven primarily by a higher level of customer usage in 2017 due in part to a colder than normal winter. The FCA mechanisms do not apply to Avista's Electric Extra Large General and Street Lighting Service Schedules, nor to its Natural Gas lnterruptible and Transportation Service Schedules. These annual filings are required, have no impact on the company's earnings and are not related to the proposed acquisition of Avista by Hydro One. Customer Bills Electric lf approved, residential electric customers in ldaho using an average of 910 kilowatt hours per month would see their monthly bills decrease from $88.49 to $84.33, a decrease of $4.16 per month, or approximately 4.7 percent. The proposed electric rate changes would be effective Oct. 1 ,2018. The requested electric rate changes by rate schedule are Residential Service - Schedule 1 General Service - Schedules 11 & 12 Large General Service - Schedules2l &22 Extra Large General Service - Schedule 25 Extra Large General Service - Schedule 25P Pumping Service - Schedules 31 & 32 Street & Area Lights - Schedules 41-49 Overall -4.7% -1.8o/o -2.2o/o 0.0o/o 0.0% -1.9o/o 0.0% -2.9o/o Natural gas lf approved, residential natural gas customers in ldaho using an average of 63 therms per month would see their monthly bills decrease from $48.31 to $46.28, a decrease of $2.03 per month, or approximately 4.2 percent. The proposed natural gas rate changes would be effective Nov.1,2018. Aliursra The requested natural gas rate changes by rate schedule are General Service - Schedule 101 Large General Service - Schedules 111 & 112 lnterruptible Service - Schedules 131 & 132 Transportation Service - Schedule 146 Overall -4.2o/o -5.6% Q.0o/o O.Oo/o -4.5o/o Electric and Natura! Gas Fixed Cost Adjustment Avista's electric and natural gas flxed cost adjustment (FCA) is a mechanism designed to break the link between a utility's revenues and customers'energy usage. Avista's actual revenue, based on kilowatt hour or therm sales, will vary, up or down, from the level included in a general rate case and approved by the Commission. This could be caused by changes in weather, energy conservation or the economy. Generally, under the FCA Avista's revenues are adjusted each month based on the number of customers. The difference between revenues based on sales and revenues based on the number of customers is surcharged or rebated to customers beginning in the following year. Rate Application Procedure Avista's applications are proposals, subject to public review and a Commission decision. Copies of the applications are available for public review at the offices of both the Commission and Avista, and on the Commission's website (wurw.puc.idaho.qov). Customers may file with the Commission written comments related to Avista's filings. Customers may also subscribe to the Commission's RSS feed (http://www.puc.idaho.qov/rssfeeds/rss.htm) to receive periodic updates via e-mail about the case. Copies of rate filings are also available on Avista's website at www.myavista.com/rates. About Avista Corp. Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilities is our operating division that provides electric service to 385,000 customers and natural gas to 350,000 customers. lts service territory covers 30,000 square miles in eastern Washington, northern ldaho and parts of southern and eastern Oregon, with a population of 1.6 million. Alaska Energy and Resources Company is an Avista subsidiary that provides retail electric service in the city and borough of Juneau, Alaska, through its subsidiary Alaska Electric Light and Power Company. Avista stock is traded under the ticker symbol "AVA." For more information about Avista, please visit www.avistacorp.com. This news release contains fonarard-looking statements regarding the company's current expectations. Fonruard-looking statements are all statements other than historical facts. Such statements speak only as of the date of the news release and are subject to a variety of risks and uncertainties, many of which are beyond the company's control, which could cause actual results to differ materially from the expectations. These risks and uncertainties include, in addition to those discussed herein, all of the factors discussed in the company's Annual Report on Form 10-K for the year ended Dec. 31 , 2018 and the Quarterly Report on Form 10-Q for the quarter ended March 31,2018. /::,:,itrsra SOURCE: Avista Corporation -18X'(- To unsubscribe from Avista's news release distribution, send a reply message to lena.fu nston@avistacorp. com Aiit'srsra Important Notice for Idaho Customers (July - August 2018) Avista has made its annual fixed cost adjustment (FCA) filings with the Idaho Public Utilities Commission (PUC or Commission) that if approved, are designed to decrease overall electric revenues by $7.a million or 2.9 percent effective October l, 2018 and decrease overall natural gas revenues by $2.7 million or 4.5 percent effective November 1, 2018. The rate adjustments are driven primarily by a higher level of customer usage in20l7 due in part to a colder than normal winter. The FCA mechanisms do not apply to Avista's Electric Extra Large General and Street Lighting Service Schedules, nor to its Natural Gas Intemrptible and Transportation Service Schedules. These annual filings are required, have no impact on the company's earnings and are not related to the proposed acquisition of Avista by Hydro One. Avista's electric and natural gas fixed cost adjustment (FCA) is a mechanism designed to break the link between a utility's revenues and customers' energy usage. Avista's actual revenue, based on kilowatt hour or therm sales, will vary, up or down, from the level included in a general rate case and approved by the Commission. This could be caused by changes in weather, energy conservation or the economy. Generally, under the FCA Avista's revenues are adjusted each month based on the number of customers. The difference between revenues based on sales and revenues based on the number ofcustomers is surcharged or rebated to customers beginning in the following year. Customer Bills Electric If approved, residential electric customers in ldaho using an average of 910 kilowatt hours per month would see their monthly bills decrease from S88.49 to $84.33, a decrease of $4.16 per month, or approximately 4.7 percent. The proposed electric rate changes would be efflective Oct. 1,2018. The requested electric rate changes by rate schedule are: Residential Service - Schedule I General Service - Schedules ll & 12 Large General Service - Schedules 2l &22 Extra Large General Service - Schedule 25 Extra Large General Service - Schedule 25P Pumping Service - Schedules 31 &32 Street & Arealights - Schedules 4l-49 Overall General Service - Schedule l0l Large General Service - Schedules lll & ll2 -4.7% - 1.8% -2.2% 0.0% 0.0% -1.9% 0.0% -2.9% Natural gas If approved, residential natural gas customers in Idaho using an average of 63 therms per month would see their monthly bills decrease from $48.31 to $46.28, a decrease of $2.03 per month, or approximately 4.2 percent. The proposed natural gas rate changes would be efflective Nov. l, 2018. The requested natural gas rate changes by rate schedule are: -4.2% -5.6% Interruptible Service - Schedules l3l & 132 Transportation - Schedule 146 Overall 0.0% 0.0% -4.5o/o The Company's applications are proposals, subject to public review and a Commission decision. Copies of the applications are available for public review at the offices of both the Commission and Avista, and on the Commission's website (www.puc.idaho.gov). Customers may file with the Commission written comments related to the Company's filings. Customers may also subscribe to the Commission's RSS feed (http://www.puc.idaho.gov/rssfeeds/rss.htm) to receive periodic updates via e-mail about the case. Copies of rate filings are also available on our website, www.myavista.com/rates. If you would like to submit comments on the proposed increase, you can do so by going to the Commission website or mailing comments to: Idaho Public Utilities Commission P.O. Box 83720 Boise, ID 83720-0074 To assist customers in managing their energy use and energy bills, Avista offers services such as energy efficiency programs and rebates, comfort level billing, payment arrangements and Customer Assistance Referral and Evaluation Services (CARES). To learn more, visit www.myavista.com.