20240307QuarterlyReport.pdf

March 6, 2024

State of Idaho
Idaho Public Utilities Commission
Statehouse
Boise ID 83720

Attention: Monica Barrios-Sanchez, Secretary

RE: Filing requirements under Order No. 29947 and Order No. 30036

Enclosed is Exhibit A, which is the quarterly status report as of December 31,
2023, as required under Order No. 29947 and Order No. 30036. If any questions arise
or additional information is needed, please do not hesitate to contact Carly Guillory at
509-495-2708.

Sincerely,

Jason E. Lang
Director of Finance, Risk and Assistant Treasurer

Enclosures
RECEIVED
Thursday, March 7, 2024 5:04PM
IDAHO PUBLIC
UTILITIES COMMISSION
AVISTA CORP.
Quarterly Status Report, Case No. AVU-U-05-02, Order No. 29947
Case No. AVU-U-06-1, Order No. 30036
Exhibit A
Percent of
Amount Total Capital Cost Component
Total Long-term Debt $2,500,000,000 51.13% 4.98% 2.55%
Common Equity 2,389,327,597 48.87% 9.40%3 4.59%
TOTAL $4,889,327,597 100.00% 7.14%
12/31/2023 12/31/2022 12/31/2021 12/31/2020
Net income attributable to Avista Corporation $171,180,000 $155,176,000 $147,334,000 $129,488,000
Consolidated EPS 1 $2.24 $2.12 $2.10 $1.90
Dividend Pa out Ratio 2 82.42% 84.90% 80.48% 85.28%
Common Shares Outstanding 78,074,587 74,945,948 71,497,523 69,238,901
S&P Financial Ratios
Funds from operations (FFO ) / Interest Expense 4.16 4 1.13 4.57 4.88
Funds from operations (FFO ) / Debt 13.54%4 11.49% 14.79% 16.30%
1 Earnings per common share attributable to Avista Corporation, diluted
2 Calculated on a 12 Months Ended Period
3 Last Commission approved return on equity
4 Ratios provided by the Company's Forecast
Cost of Capital as of 12/31/2023
Key Financial Data Available on Avista Corp