HomeMy WebLinkAbout20110708Comment.pdfJean Jewell
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daverasher~gmail.com
Friday, July 08, 2011 6:04 AM
Jean Jewell; Beverly Barker; Gene Fadness
PUC Comment Form
A Comment from David Asher follows:
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Case Number: AVU-G-ll-Ðt/Aw'/, -£-11-0 J
Name: David Asher
Address:
City: Athol
State: Idaho
Zip:
Daytime Telephone:
Contact E-Mail: daverasher~gmail.com
Name of Utility Company: Avista Utili ties
Acknowledge: acknowledge
Please describe your comment briefly:
Just like clockwork, Avista Utilities has submitted their annual Idaho electric and gas rate
increase for iÐ11. And right on queue, the IPUC will most likely grant Avista i swishes
wi thout batting an eye.
For the past 3 years, Avista has been granted combined rate increases of 16.7%, 7.8% and
11.9% (iÐ1Ð, iÐÐ9, iÐÐ8). Total compensation during this same period for the top 5
executives was $6.8m, $6.1m and $4.5m, respectively. The 3-year total shareholder return for
this period was 16.8%.
All in all, it would seem as though the company continues to experience great profitability,
and management continues to receive excessively large bonuses/compensation. Of course, this
all comes at a signi fcant price for us rate payers.
Without question, the current economic downturn is affecting everyone; middle and lower
income people alike. However, companies like Avista continue to represent the kind of
corporate greed that put our economy in this position in the first place.
I strongly urge the IPUC to deny Avista i s latest rate increase request. I believe it is time
for this regulatory body to act in favor of its constituents (ie. Idaho citizens) instead of
yielding to corporate interests. I will also be contacting my state legistators and the
governor i s office seperately to express my concern over this rate request.
Thank you for your time and consideration.
Respectfully,
David R. Asher
The form submitted on http://www. puc. idaho.gov/forms/ipuc1/ipuc. html
IP address is 76.178.189.173
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