Avista Corp. will be allowed to raise rates on Jan. 1, but not as much as the company requested.
Washington state regulators have agreed to let Avista collect an additional $23.7 million in electric and natural gas revenues, down considerably from the $44.5 million requested by the Spokane-based company in May.
The average Avista electric customer will see his or her rate increase by $3.10 per month, for an average monthly bill of $81.93. The average natural gas customer using about 70 therms a month will pay about $1.83 more, for a monthly bill of $66.69.
In addition, regulators asked Avista to provide a detailed breakdown of wages, bonuses and executive compensation by Feb. 29, in response to public testimony about concern over pay levels at the publicly traded company.
