Avista Corp. Electric and gas utility
| Stock symbol: AVA |
| Reporting period: 2Q |
| Earnings:
Profit of $23 million 39 cents per share
Versus 2Q 2010: Profit of $25.5 million 46 cents per share |
| Revenue: $360.5 million |
| aNALYSIS: The utility is experiencing one of the best hydroelectric generation years on record, but low wholesale power prices limit Avista’s ability to profit from the extra power. In addition, most of the benefit from improved hydro generation gets passed on to customers through a credit that kicks in when purchased power and fuel costs are below the amount included in base rates. |