Avista’s Earnings Double In 2008
Avista Corp. this morning announced 2008 net income of $73.6 million, or $1.36 a share, compared with income of $38.5 million, or 72 cents per share, in 2007. The company’s regulated utility, Avista Utilities, also had a strong year, posting net income of $70 million, compared with income of $43.8 million in 2007. The increase was “primarily the result” of rate hikes in Washington and Idaho in January and October last year, the company said in a news release. Still, the 2008 increase looks large because 2007 was a particular weak year for Avista, said Jessie Wuerst, an Avista spokeswoman/Becky Kramer, SR. More here.
Question: You can use the comments space to, ahem, "congratulate" Avarice-sta for doing so well when its ratepayers and every other industry is struggling to survive.