Stories tagged: utilities
UPDATED: Tue., Nov. 21, 2017, 4:56 p.m.
Avista shareholders approve utility’s sale to Canadian utility Hydro One
With little fanfare, Avista Corp.’s shareholders approved the sale of the 128-year-old company to Hydro One Ltd. on Tuesday. The sale is expected to be final in August.
Sun., Nov. 12, 2017
Meet Mayo Schmidt, the former Miami Dolphin who leads Hydro One, the Canadian utility that’s buying Avista
Avista Corp.’s shareholders vote next week on Hydro One’s proposed $5.3 billion purchase of the Spokane utility. Scott Morris, Avista’s chairman and CEO, said the company has found the right …
Sun., Nov. 12, 2017
Who owns Avista? Home-grown utility owned by large, institutional investors
On Nov. 21, Avista shareholders will vote on whether to approve the company’s sale to Hydro One, an Ontario utility. Most of the ballots will be cast by large, institutional …
Sun., Nov. 12, 2017
10 answers to pressing questions about the sale of Avista Corp. to Hydro One
UPDATED: Tue., Nov. 7, 2017, 4:41 p.m.
Avista rate credits proposed as part of Hydro One deal
If Avista Corp. is purchased by Canadian company Hydro One, customers of the Spokane-based utility will receive rate credits worth $31 million over the next decade.
UPDATED: Wed., Nov. 1, 2017, 1:43 p.m.
Avista reports lower 3Q earnings, cites Hydro One merger costs
Acquisition costs related to Avista Corp.’s proposed purchase by Hydro One of Ontario led to lower third-quarter earnings for the Spokane-based utility.
UPDATED: Tue., Oct. 31, 2017, 5:16 p.m.
Avista should get smaller rate increase, staff for Washington regulators say
Avista Utilities should be allowed to raise customers’ rates over the next three years, but by much smaller amounts than company officials proposed, Washington regulators’s staff members said Friday.
UPDATED: Sun., Oct. 22, 2017, 10:16 p.m.
Utilities delayed effort to map power line risk to wildfires
Two days before the deadliest outbreak of wildfires in California history, Pacific Gas & Electric Co. and other utilities won the latest in a long series of delays to map …
Thu., Aug. 31, 2017, 10:41 a.m.
Public speaks up as Avista considers raising rates
Avista’s top five executives made in excess of $10.5 million in 2016, and the company reported net income of $83.9 million in the first half of 2017.
UPDATED: Mon., July 31, 2017, 10:27 p.m.
Utility rate increases of 2.9 percent through 2020 approved by unanimous City Council
The rate increases, which are tied to the city’s estimated 25-year average of inflation, will be used to continue funding improvements to Spokane’s water treatment facilities. They take effect Jan. …
UPDATED: Fri., July 21, 2017, 6:30 p.m.
Sale of Avista would require ‘net benefits’ to ratepayers, Washington regulators say
Things to know about the proposed Avista sale: Scott Morris’ stock is worth about $10 million under this deal. Avista’s sales price has caused a stir in Canada, where Hydro …
UPDATED: Fri., July 21, 2017, 9:01 a.m.
Avista sale latest in trend of Canadian utility acquisitions
Large Canadian power companies have been snapping up smaller American ones for several years, paying tens of billions of dollars to expand their geographic footprint in a country that offers …
Thu., June 22, 2017, 2:33 p.m.
City of Missoula takes ownership of water utility
The city of Missoula has taken ownership of the water utility that serves its residents after a three-year court battle.
Wed., June 7, 2017, 1:05 p.m.
Idaho officials approve utility’s plan to close coal plant
State officials have approved an Idaho utility company’s plan to close a coal-fired power plant in Nevada about 10 years sooner than planned and raise monthly bills for customers.
UPDATED: Fri., May 26, 2017, 8:01 p.m.
Avista files 3-year plan for raising electric and natural gas rates
Avista is asking state regulators for permission to raise electric and natural gas rates for Washington customers over a three-year period, with the earliest rate hike beginning in September.
UPDATED: Mon., May 8, 2017, 6:11 p.m.
Itron acquires Georgia-based energy services company in $100 million cash deal
Liberty Lake-based Itron Inc. has acquired a privately held company that provides software, hardware and services to electric utilities implementing demand response and energy efficiency programs. The cash transaction is …
Mon., May 1, 2017, 2:33 p.m.
Kootenai Electric gets $6 million grant to bury power lines
Kootenai Electric Cooperative will receive a $6 million federal grant to bury power lines in an effort to reduce power outages from powerful storms.
Sun., April 9, 2017, 5:30 a.m.
Competing visions of Monroe Street cause ‘road diet’ division to linger
City Hall will soon have to push forward with its plans to reduce lanes on Monroe Street to take advantage of pedestrian safety grant dollars. A group of business owners, …
UPDATED: Tue., March 21, 2017, 8:38 a.m.
Avista seeks proposals for a second solar energy project
Avista Corp. is considering a second solar project to meet customer demand for renewable energy.
UPDATED: Tue., Feb. 28, 2017, 7:27 p.m.
Itron reports 2016 performance, announces stock buyback
Liberty Lake-based Itron, Inc. made a profit of nearly $32 million in 2016, the company said Tuesday.
Wed., Feb. 22, 2017, 12:43 p.m.
Environmental group appeals SW Idaho power line approval
An environmental group has filed an appeal seeking to stop the construction of two high-voltage transmission lines in southwestern Idaho. Western Watersheds Project filed the appeal late last week with …
Sat., Dec. 31, 2016, 3:45 p.m.
U.S. states, leery of Russia malware, re-examine cybersecurity
Several states around the country on Saturday asked cybersecurity experts to re-examine state and utility networks after a Vermont utility’s laptop was found to contain malware that U.S. officials say …
Mon., Dec. 19, 2016, 1:08 p.m.
Avista ready to appeal rejection of higher rates for electricity and natural gas
Avista Utilities will ask state regulators to reconsider last week’s decision to deny the company’s request for higher rates in 2017, and will take its appeal to court, if necessary, …
Sat., Oct. 1, 2016
Congress can still craft carbon plan
Congress still could pass a simple carbon tax, which would offer the cheapest route to greening the economy
Mon., Sept. 19, 2016, 5:30 a.m.
Mayor David Condon’s 2017 budget calls for 16 percent increase in spending and shift of police resources to property crimes
Spokane has the highest property-crime rate among Washington’s largest cities, a problem Mayor David Condon wants to address by moving police from patrol and traffic to investigations.
Tue., Sept. 6, 2016, 5 a.m.
Nine Mile upgrade part of Avista’s plan to keep dams humming
Avista just spent $77 million on new generating units for Nine Mile Dam. Big capital projects are driving the utility’s request for higher rates next year, Avista officials said.
Wed., Aug. 31, 2016, 5:31 p.m.
Avista seeking rate changes for Washington customers, effective Nov. 1
Avista’s Washington customers could see changes in their gas and electric bills starting Nov. 1, based partly on fluctuations in wholesale power costs.
Thu., Aug. 18, 2016, 10:29 a.m.
Avista should ask for smaller rate increases in 2017, commission staff says
Wed., Aug. 3, 2016, 7:49 a.m.
Colder winter, higher gas rates help boost Avista 2016 earnings
A colder winter and higher natural gas rates have helped boost Avista Corp.’s earnings this year, the utility reported today.
Wed., May 4, 2016, 12:19 p.m.
Cool winter boosts Avista’s earnings
A cooler winter helped boost Avista Corp.’s first quarter earnings, company officials said Wednesday.