Avista Doing Well As Bad Times Roll
Item: Avista’s quarterly earnings up 23 percent/Becky Kramer, SR
More Info: Avista Corp. reported improved first quarter earnings, citing revenue growth from higher electric and natural gas rates, as well as growth in the number of customers the utility serves. Avista reported net income of $31 million, or 57 cents per share, compared to net income of $25.2 million, or 47 cents per share, during the first quarter of 2008. The results were released this morning.
Question: Aren't you, ahem, delighted that Avista's doing so well, when so many others are struggling in our sour economy?