20140915Customer Notice.pdf

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AVISTA UTILITIES,.,rllfftfb*crjjr,iir;sr,;ir
Case No. AVU-G-L4-O +
EXHIBIT'OE"
Copy of Press Release and Customer Notice
September 12,2014
Gontact: DRAFT
Media: Casey Fielder (509) 4954916, [e-mail]
lnvestors: Jason Lang [phone], [e-mail]
Avista 2417 Media Access (5Og) 495-4174
Avista illakes Annual Price Adjustment Request in ldaho
Reguesf would decrease naturalgas pnbes effective Nov. 1 , 2014
SPOKANE, Wash. Sept. 15, 2014,1:05 p.m. PST: Avista (NYSE: AVA) customers in ldaho
could see an overall 2.1 percent decrease in their natural gas rates on Nov. 1,2014 if the ldaho
Public Utilities Commission (!PUC or Commission) approves the company's annual Purchased
Gas Cost Adjustment (PGA) filed today.
lf the request is approved, Avista residential customers using an average of 60 therms a month
could expect their bill to decrease by $1.16, or 2.0 percent, for a revised monthly bill of $58.32
beginning Nov. 1 ,2014. Avista's natural gas revenues would decrease by $t.O million, or
approximately 2.1 percent. The requested natural gas rate change by customer segment is as
follows:
General Service - Firm - Schedule 101 - Residential& Small Commercial -1.9o/o
Large General Service - Firm - Schedules - Commercial 111 & 112 -2.5o/o
High Annual Load Factor Large - lnterruptible Service Schedules 131 O.2o/o
Avista does not mark up the cost of naturalgas purchased to meet customer needs, so the filing
does not increase or decrease company earnings.
PGAs are filed each year to balance the actual cost of wholesale natural gas purchased by
Avista to serve customers with the amount included in rates. This includes the naturalgas
commodity cost as well as the cost to transport naturalgas to Avista's loca! distribution system.
Wholesale natural gas prices were higher over the past year which was caused, in part, by a
colder than normal winter throughout the United States. That colder than normal weather led to
a higher level of naturalgas usage by Avista's customers, resulting in higher naturalgas
revenue, which offset the higher commodity costs.
About 55 percent of an Avista naturalgas customer's bill is the combined cost of purchasing
naturalgas on the wholesale market and transpoding it to Avista's system. These costs
fluctuate up and down based on market prices. The costs are not marked up by Avista. The
remaining 45 percent covers the cost of delivering the natural gas - the equipment and people
needed to provide safe and reliable service.
Rate Application Procedure
Avista's rate application is a proposal, subject to public review and a decision by the IPUC.
Copies of the application are available for public review at the offices of both the IPUC and
Avista, as well as on the IPUC's homepage at www.puc.idaho.oov. Customers may subscribe to
the Commission's RSS feed (http://www.puc.idaho.oov/rssfeeds/rss.htm) to receive periodic
updates via email about the case. Written comments regarding Avista's application may be filed
with the IPUC.
To help customers proactively manage their energy use, Avista offers a number of energy
efficiency programs, energy-saving information, rebates and incentives. Avista also provides
energy assistance programs and payment options for qualifying customers. lnformation about
these customer programs and options is available at www.avistautilities.com.
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 365,000 customers and naturalgas to 325,000 customers. lts
service tenitory covers 30,000 square miles in eastern Washington, northern ldaho and parts of
southern and eastern Oregon, with a population of 1.5 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 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 Annua! Report
on Form 1GK for the year ended Dec. 31 , 2013 and the Quarterly Report on Form 10-Q for the
quarter ended June 30, 2014.
SOURCE: Avista Corporation
-14XX-
To unsubscribe from Avista's news release distribution, send a reply message to
shirlev.wolf@avistacorp. com
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