Last $33.19 USD
Change Today -0.37 / -1.10%
Volume 351.4K
AVA On Other Exchanges
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Berlin
As of 8:04 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1411 East Mission Avenue

Spokane, WA 99202

United States

Phone: 509-489-0500

Fax:

Avista Corporation, an energy company, is engaged in the generation, transmission and distribution of electricity and the distribution of natural gas, as well as other energy-related businesses. Segments The company operates in two segments as follows: Avista Utilities and Ecova (Ecova, Inc). Avista Utilities This segment comprises regulated utility operations. Avista Utilities generates, transmits and distributes electricity and distributes natural gas. It also engages in wholesale purchases and sales of electricity and natural gas. Through its regulated utility operations, the company generates, transmits and distributes electricity and distributes natural gas. Retail electric and natural gas customers include residential, commercial and industrial classifications. The company also engages in wholesale purchases and sales of electricity and natural gas as an integral part of energy resource management and its load-serving obligation. The company’s utility provides electric distribution and transmission, as well as natural gas distribution, services in parts of eastern Washington and northern Idaho. The company also provides natural gas distribution service in parts of northeastern and southwestern Oregon. As of December 31, 2013, the company supplied retail electric service to 366,000 customers and retail natural gas service to 326,000 customers across its entire service territory. The company’s service territory covers 30,000 square miles with a population of 1.6 million. Certain of its generating facilities are located in Montana, and the company supply electricity to a small number of customers in Montana, most of whom are employees who operate one of such facilities. Electric Operations In addition to providing electric distribution and transmission services, the company generates electricity from facilities that it owns and it purchases capacity, energy and fuel for generation under long-term and short-term contracts. The company also sells electric capacity and energy, as well as surplus fuel in the wholesale market in connection with its resource optimization activities. As part of its resource procurement and management operations in the electric business, the company engages in an ongoing process of resource optimization, which involves the economic selection from available energy resources to serve its load obligations and the use of these resources to capture available economic value. The company transacts business in the wholesale markets by selling and purchasing electric capacity and energy, fuel for electric generation, and derivative instruments related to capacity, energy, transport and fuel. The company make continuing projections of electric loads at various points in time (ranging from intra-hour to multiple years) based on, among other things, estimates of customer usage and weather, historical data and contract terms, and resource availability at these points in time based on, among other things, fuel choices and fuel markets, estimates of streamflows, availability of generating units, historic and forward market information, contract terms, and experience. On the basis of these projections, the company makes purchases and sales of electric capacity and energy, fuel for electric generation, and related derivative instruments to match expected resources to expected electric load requirements and reduce its exposure to electricity (or fuel) market price changes. The company provides transmission and ancillary services in eastern Washington, northern Idaho and western Montana. Electric Requirements The company’s peak electric native load requirement for 2013 occurred on December 8, 2013 at which time its total obligation was 2,223 MW consisting of native load of 1,669 MW; long-term wholesale obligations of 223 MW; and short-term wholesale obligations of 331 MW. Electric Resources The company has a electric resource mix of company-owned and contracted hydroelectric projects, thermal generating facilities, wind generation facilities, and power purchases and exchanges. As of December 31, 2013, the company’s company-owned facilities had a total net capabilit

 

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Price/Sales 1.4x
Price/Book 1.4x
Price/Cash Flow 6.5x
TEV/Sales 0.2x
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