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HomeMy WebLinkAbout20210908Avista Settlement Rate Case Press Release 0908.pdf Case No. AVU-E-21-01 Case No. AVU-G-21-01 Order No. 35156 Contact: Adam Rush Office: (208) 334-0339 E-mail: adam.rush@puc.idaho.gov NEWS RELEASE: Commission approves settlement agreement that will allow Avista to change rates for natural gas and electric customers BOISE (Sept. 8, 2021) – The Idaho Public Utilities Commission has approved a settlement agreement between Avista Utilities and parties to the settlement that will allow the company to change rates for its electric and natural gas customers over a two-year period. Effective Sept. 1, 2021, an electric residential customer using an average of 892 kilowatt hours per month will see a $0.49 increase for a revised monthly bill of $86.12. Beginning Sept. 1, 2022, an electric residential customer will see a $0.31 increase for a revised monthly bill of $86.43. Effective Sept. 1, 2021, a natural gas residential customer using an average of 63 therms per month will see a $2.30 decrease for a revised monthly bill of $47.19. Beginning Sept. 1, 2022, a natural gas residential customer will see a $0.76 increase for a revised monthly bill of $47.95. The settlement agreement will impact the amount of revenue that Avista gathers for its electric and natural gas service, and includes the refunding of tax customer credits that will also impact how much revenue is gathered during the two-year rate increase. As part of the settlement agreement, the company agreed it will not file another general rate case before Sept. 1, 2023. For additional information on the settlement agreement, please visit: puc.idaho.gov/case/Details/6614.