Avista raked in dough in 2016

Avista Corp.’s profits rose 11 percent in 2016, the company reported Wednesday.

The Spokane-based utility’s income was $137.2 million, or $2.15 per share, for the year. The 2016 results compared to $123.2 million, or $1.97 per share, for 2015.

“We had a great year in 2016,” Scott Morris, Avista’s chairman and chief executive, said in a news release.

Avista’s profits from sales of electricity and natural gas increased from 2015, helping the company’s bottom line, he said/ Becky Kramer , SR. More here.