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Last $29.93 USD
Change Today -0.47 / -1.55%
Volume 242.0K
AVA On Other Exchanges
Symbol
Exchange
New York
As of 4:15 PM 09/4/15 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 operates as an electric and natural gas utility. Segments As of December 31, 2014, the company had two segments, Avista Utilities and Alaska Electric Light and Power Company (the company’s subsidiary) (AEL&P). Avista Utilities segment This segment comprises the company’s regulated utility operations in the Pacific Northwest. Avista Utilities generates, transmits and distributes electricity; and distributes natural gas, serving electric and gas customers in eastern Washington and northern Idaho, and gas customers in parts of Oregon. The company also supplies electricity to various customers in Montana, majority of whom are employees who operate its Noxon Rapids generating facility. 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 the company’s load-serving obligation. Avista Utilities 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, 2014, the company supplied retail electric service to 370,000 customers and retail natural gas service to 330,000 customers across Avista Utilities' service territory. Avista Utilities' service territory covers 30,000 square miles with a population of 1.5 million. Electric Operations In addition to providing electric distribution and transmission services, Avista Utilities generates electricity from facilities that the company owns and 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 Avista Utilities' 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 the company’s 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 makes 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 the company’s 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 Avista Utilities' peak electric native load requirement for 2014 occurred in February 2014 at which time the company’s total obligation was 2,223 megawatt (MW) consisting of native load of 1,715 MW; long-term wholesale obligations of 221 MW; and short-term wholesale obligations of 287 MW. Electric Resources Avista Utilities has an 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, 2014, the company-owned facilities had a total net capability of 1,844 MW, of which 55 percent was hydroelectric and 45 percent was thermal. Hydroe

 

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