HomeMy WebLinkAbout20090102Public Notice.pdf/wU-&--09-O "2
A VISTA UTILITIES
Exhibit "B"
Media Notice to Public of Applicant's Proposed Tariffs
December 30, 2008
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Contact:
Jessie Wuerst - (509) 495-8578, jessie.wuerst~avistacorp.com
Avista 24/7 Media Line (509) 495-4174
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Avista Requesting to Lower Natural Gas Prices for
Idaho and Washington Customers
Wholesale natural gas prices have declined with crude oil prices
SPOKANE, Wash. - Dec. 31, 2008: Avista has filed requests with the state utilty commissions in
Idaho and Washington to reduce natural gas prices for Idaho and Washington customers by
4.7 percent and 3.0 percent respectively, to be effective in January 2009.
'Wholesale natural gas prices have declined since Avista filed its annual Purchase Gas Cost
Adjustments (PGA) in September. We believe it is important during these challenging economic
times that our customers receive the benefit from these lower natural gas prices now rather than
waiting until annual PGAs are filed again next fall," said Kelly Norwood, Avista vice president for
state and federal regulation.
Annual PGA filngs are typically made once a year to pass through changes in the cost of natural
gas Avista acquires to serve customers. PGA filings do not impact company earnings.
If the filing is approved by the Idaho Public Utility Commission (I PUC), a residential natural gas
customer using 65 therms per month would see a decrease of $3.89, or 4.7 percent, for a revised
monthly bill of $78.23. New natural gas prices for Idaho customers are proposed to be effective
Jan. 6, 2009. Avista serves about 72,000 natural gas customers in Idaho.
A residential natural gas customer in Washington using an average of 70 therms per month would
see a $2.60 decrease, or 3.0 percent, for a revised total monthly bil of $85.40. New natural gas
prices for Washington customers are proposed to be effective Jan. 16,2009. Avista serves
approximately 144,000 natural gas customers in Washington.
Avista offers a number of rebates and incentive programs to help residential and commercial
customers manage their costs through a reduced energy use. For information on the energy
efficiency programs and on low- and no-cost energy saving ideas, visit www.evervlittlebit.com.
About 75 percent of an average residential customer's monthly natural gas bil is the cost of the
natural gas and pipeline transportation. The remaining 25 percent is Avista's fixed costs to provide
natural gas service through its distribution system.
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 service to 352,000 electric and 311,000 natural gas customers in three Western states.
Avista's primary, non-regulated subsidiary is Advantage ia. Avista stock is traded under the ticker
symbol "AVA." For more information about Avista, please visit ww.avistacorp.com.
Avista Corp. and the Avista Corp. logo are trademarks of Avista Corporation.
This news release contains forward-looking statements regarding the company's current
expectations. Forward-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 1 O-K for the
year ended Dec. 31,2007, and the Quarterly Report on Form 10-Q for the quarter ended
September 30, 2008.
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