Washington approves Avista’s electric and natural gas rate adjustmentsStaff Writer | April 30, 2018
Avista’s electric and natural gas general rate cases have concluded, with an order issued by the Washington Utilities and Transportation Commission (UTC).
Energy The return to customers
The Commission’s order approved electric rates designed to increase annual billed revenues by $10.8 million, or 2.1 percent and natural gas rates designed to decrease annual billed revenues by $2.1 million, or 1.6 percent.
These revenues include the return to customers through base rates of approximately $26.9 million for electric service, and $5.5 million for natural gas service, as a result of the federal Tax Cuts and Jobs Act, which went into effect on Jan. 1, 2018.
The Commission’s decision reflects a 9.5 percent return on equity (ROE) and a 48.5 percent equity layer. The rate of return is 7.50 percent. ■