Avista Corp. (AV6)

Overview

Avista Corporation, along with its subsidiaries, serves as a major electric and natural gas utility company providing essential services to customers across several states. Established in 1889, Avista has developed into an essential part of the community's infrastructure, focusing on delivering reliable electric and natural gas service primarily in the eastern Washington and northern Idaho regions, as well as parts of Oregon, Montana, and Juneau, Alaska. As of the end of 2023, Avista has grown to support approximately 416,000 electric customers and around 381,000 natural gas customers, demonstrating its significant role in energy supply within its service territories. Headquartered in Spokane, Washington, the company emphasizes not only the delivery of electricity and natural gas but also invests in hydroelectric, thermal, wind, and solar generation facilities, highlighting its commitment to diversifying energy sources and contributing to sustainability.

Products and Services

• Electric Distribution and Transmission:

  Avista Utilities is key in providing electric distribution and transmission services across parts of eastern Washington and northern Idaho, ensuring efficient delivery of electricity from generation facilities to consumers. This segment ensures that electricity is readily available for residential, commercial, and industrial use.

• Natural Gas Distribution:

  Under its Avista Utilities segment, the company delivers natural gas distribution services in parts of northeastern and southwestern Oregon, as well as its primary service areas in Washington and Idaho, catering to heating, cooking, and industrial process needs of its customers.

• Electricity Generation:

  Avista generates electricity through a diverse mix of resources including hydroelectric, thermal (utilizing coal and natural gas), wind, and solar generation facilities. These resources are spread across Washington, Idaho, Oregon, and Montana, emphasizing the company's commitment to utilizing both renewable and non-renewable sources of energy for a balanced and reliable energy supply.

• Hydroelectric Generation Facilities:

  The company operates five hydroelectric generation facilities with a combined capacity of 102.7 MW, showcasing Avista's reliance on renewable energy sources. These hydro plants play a critical role in the company’s energy mix, furthering its sustainable energy goals.

• Diesel Generating Facilities:

  Avista also operates four diesel generating facilities with a total capacity of 107.5 MW, providing additional reliability and energy security to its service areas, especially during peak demands or when renewable sources are less viable.

• Wholesale Energy Transactions:

  In addition to serving retail customers, Avista engages in the wholesale purchase and sale of electricity and natural gas. This aspect of their operation allows them to balance supply and demand across their network, optimize resource use, and potentially reduce costs for consumers.

• Investments:

  Beyond its core utility operations, Avista is involved in venture fund investments, real estate, and other investments. These ventures may help in diversifying the company’s income sources and fostering innovation in energy and related sectors.