Item: Avista boss defends proposed rate hike: Money needed to keep up with expenses, operations/Bill Buley, CDA Press
More Info: Despite $73.6 million in net income last year, Avista President and CEO Scott Morris said the company needs a proposed net electric rate increase of 7.8 percent and a natural gas rate increase of 3 percent in Idaho. Ultimately, he said, it will benefit its customers. "It's a difficult concept for customers," Morris said during a meeting with The Press. "I think they think I'm getting it all." A profit allows Avista to continue to be among the region's most green, reliable and inexpensive power providers, Morris said.
Question: Are you buying what Avista President/CEO Scott Morris is selling re: the necessity for a natural gas rate increase at a time like this?