Avista Corporation operates as an electric and natural gas utility. Segments The company operates in two segments, Avista Utilities and AEL&P (Alaska Electric Light and Power Company (the company’s subsidiary)). 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 natural gas customers in eastern Washington and northern Idaho and natural gas customers in parts of Oregon. The company also supplies electricity to a small number of customers in Montana, most of whom are the company’s employees who operate its Noxon Rapids generating facility. Avista Utilities 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. As of December 31, 2015, the company supplied retail electric service to 375,000 customers and retail natural gas service to 335,000 customers across Avista Utilities' service territory. Avista Utilities' service territory covers 30,000 square miles with a population of 1.6 million. Electric Operations 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 to meet customer load obligations. 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 then capture additional economic value through market transactions. The company engages in transactions 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 2015 occurred in August 2015, at which time the company’s peak electric native load was 1,638 megawatt (MW). Electric Resources Avista Utilities has an electric resource mix of the company-owned and contracted hydroelectric projects, thermal generating facilities, wind generation facilities, and power purchases and exchanges. As of December 31, 2015, the company-owned facilities had a total net capability of 1,841 MW, of which 55 percent was hydroelectric and 45 percent was thermal. Hydroelectric Resources: Avista Utilities owns and operates six hydroelectric projects on the Spokane River and two hydroelectric projects on the Clark Fork River. Thermal Resources: Avista Utilities owns various thermal resources, such as the combined cycle CT (combustion turbine) natural gas-fired Coyote Springs 2 located near Boardman, Oregon; a 15 percent interest in a twin-unit, coal-fired boiler generating facility, Colstrip 3 & 4, located in southeastern Montana; a wood waste-fired boiler gener
avista corp (AVA:New York)
1411 East Mission Avenue
Spokane, WA 99202
The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content.
|No competitor information is available for AVA.|
|View Industry Companies|
Sponsored Financial Commentaries
To contact AVISTA CORP, please visit www.avistacorp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.