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Avista reaches all-party settlement in Idaho general rate

Avista reaches all-party settlement in Idaho general rate
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Avista declares natural gas emission reduction goal

Avista declares natural gas emission reduction goal
Company plans to reduce emissions 30% by 2030, 100% by 2045
April 22, 2021 16:28 ET
| Source:
Avista Corporation
Avista Corporation
SPOKANE, Wash., April 22, 2021 (GLOBE NEWSWIRE) Avista
(NYSE: AVA), a leader in clean energy and innovation, today announced its goal to reduce emissions for natural gas. Building on the company’s clean electricity goals, Avista has set a new aspirational natural gas goal of being carbon neutral by 2045, with a near-term goal of 30% reduction in greenhouse gas emissions by 2030.
“We are proud to continue our commitment to environmental stewardship and sustainability,” said Dennis Vermillion, president and CEO of Avista. “We set an ambitious renewable electric energy goal in 2019 to serve our customers with 100% clean electricity by 2045 and to have a carbon-neutral supply of electricity by 2027. Today’s announcem ....

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Clearway Energy, Inc. Reports Full Year 2020 Financial Results

Clearway Energy, Inc. Reports Full Year 2020 Financial Results
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Avista Corp. Reports Financial Results for Fourth Quarter and Fiscal Year 2020, Initiates 2021 to 2023 Earnings Guidance

(a) The tax impact of each line item was calculated using Avista Corp. s statutory tax rate (federal and state combined) of 23.05 percent.
(b) Electric utility margin (operating revenues less resource costs) increased for the fourth quarter and full year and was impacted primarily by the following:
General rate increase in Washington, effective April 1, 2020.
Customer growth contributed additional retail electric revenue
A decrease in net power supply costs caused by a decrease in power purchased prices and thermal fuel costs for the full year 2020 when compared to 2019. For the full year 2020, we recognized a pre-tax benefit of $6.2 million under the Energy Recovery Mechanism (ERM) compared to a pre-tax benefit of $4.4 million for the full year 2019. ....

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Avista Corp (AVA) Q4 2020 Earnings Call Transcript

Operator
Ladies and gentlemen, thank you for standing by and welcome to the Avista Corporation Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions] As a reminder, today s program is being recorded. [Operator Instructions]
I d now like to introduce your host for today s program, Mr. John Wilcox, Investor Relations Manager. Please go ahead, sir.
John Wilcox
Investor Relations Manager
Good morning, everyone, and welcome to Avista s fourth quarter and fiscal year 2020 earnings conference call. Our earnings and our 2020 Form 10-K were released pre-market this morning and are both available on our website. Joining me this morning are Avista Corp. President and CEO, Dennis Vermillion; Executive Vice President, Treasurer and CFO, Mark Thies; Senior Vice President, External Affairs and Chief Customer Officer, Kevin Christie; and Vice President, Controller and Principal Accounting Officer, Ryan Krasselt. ....

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