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Avista Has 14% Earnings Increase

Avista Corp. reported a 14 percent increase in earnings during the first quarter, citing higher energy sales from a colder than normal winter. Residential electric use increased 4 percent per customer and residential natural gas use increased 1 percent. The Spokane-based utility reported a net income of $48.5 million, or 81 cents per share, for the quarter, compared to $42.3 million, or 71 cents per share, during the first quarter of 2013. Company revenues were $490.9 million during the quarter. Avista’s earnings also benefited from rate increases approved by regulators across its service territory in Washington, Idaho and Oregon, said Chairman and CEO Scott Morris in a press release/Becky Kramer, SR. More here.

Question: Did you do as well financially this winter as Avista did?


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About this blog

D.F. Oliveria is a columnist and blogger for The Spokesman-Review. Print Huckleberries is a past winner of the Herb Caen Memorial Column contest by the National Association of Newspaper Columnists. The Readership Institute of Northwestern University cited this blog as a good example of online community journalism.

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