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Avista Customers Receiving Short-Term Decrease in Electric Prices
Lower prices for residential and small farm customers to take effect tomorrow

Avista residential and small-farm customers in Washington and Idaho will receive a decrease of 4.1 percent and 9.9 percent respectively on their monthly electric bill effective Friday, April 11, through October. Customers using an average of 1,000 kilowatt-hours per month will see a decrease of $2.90 in Washington and $6.98 in Idaho. 

The amount varies between states because of the elimination of a surcharge in Idaho that was not in place in Washington.

 

The public utility commission in both states this week approved Avista’s request to pass through to its customers $9.6 million received from the Bonneville Power Administration (BPA) as an interim payment under its Residential Exchange Program. The program, which was suspended in May 2007, provides Avista and five other investor-owned utilities in the Pacific Northwest with a share of the benefits of the Federal Columbia River Power System. Prior to May 2007, Avista customers received just over $20 million annually in program benefits.

 

“We’re very glad to be passing through this credit to our customers. We’ll continue working with BPA toward a permanent reinstatement of the Residential Exchange Program that will restore to our customers their fair share of the Federal Columbia River Power System,” said Kelly Norwood, Avista’s vice president of state and federal regulation.

 

Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilities is our operating division that provides service to 352,000 electric and 311,000 natural gas customers in three Western states. Avista’s primary, non-regulated subsidiary is Advantage IQ. Our stock is traded under the ticker symbol “AVA.” For more information about Avista, please visit www.avistacorp.com.  Avista Corp. and the Avista Corp. logo are trademarks of Avista Corporation. All other trademarks mentioned in this document are the property of their respective owners.

This news release contains forward-looking statements regarding the company’s current expectations. Forward-looking statements are all statements other than historical facts. Such statements speak only as of the date of the news release and are subject to a variety of risks and uncertainties, many of which are beyond the company’s control, which could cause actual results to differ materially from the expectations. These risks and uncertainties include, in addition to those discussed herein, all of the factors discussed in the company’s Annual Report on Form 10-K for the year ended Dec. 31, 2007.

 

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