Avista requests a 7.4% electric rate increase to fund energy efficiency programs, affecting residential bills starting May 1, 2026.
Quiver AI Summary
Avista Corporation has filed for an annual rate adjustment with the Idaho Public Utilities Commission, seeking to increase electric revenues by approximately $25.2 million, or 7.4%, effective May 1, 2026. This adjustment aims to better fund the company's electric energy efficiency programs and align customer rates with actual program costs. If approved, residential customers using an average of 939 kilowatt hours per month would see their bills rise from $115.54 to $124.44, reflecting a monthly increase of about 7.7%. The adjustment will be reviewed publicly before a Commission decision is made, and customers can submit comments regarding the filing. Avista serves over 422,000 electric customers across multiple states and trades under the ticker symbol "AVA."
Potential Positives
- Avista’s proposed rate adjustment could lead to an increase in overall electric revenues by approximately $25.2 million or 7.4%, which may support the company’s financial position.
- The rate adjustment is designed to align customer rates with the actual costs of operating energy efficiency programs, indicating a commitment to financial transparency and operational efficiency.
- Avista’s energy efficiency programs provide incentives for cost-effective measures, which can promote energy savings and sustainability among customers.
Potential Negatives
- The proposed rate adjustment will result in a significant increase in monthly bills for residential customers by approximately 7.7%, which may lead to customer dissatisfaction and negative public perception.
- The annual rate increase of 7.4% may raise concerns among regulators and the public regarding the company’s pricing strategies and overall financial health.
- Avista's request to recover costs from the previous year that exceeded the levels included in rates may indicate financial mismanagement or planning inconsistencies that could undermine stakeholder confidence.
FAQ
What is Avista’s proposed rate increase for 2026?
Avista's proposed rate adjustment seeks to increase electric revenues by approximately $25.2 million, or 7.4%, effective May 1, 2026.
How will the rate change affect residential electric customers?
If approved, the average residential electric bill in Idaho will rise from $115.54 to $124.44, an increase of $8.90 per month.
What are Avista's energy efficiency programs?
Avista's energy efficiency programs offer financial incentives or rebates for customers implementing cost-effective energy efficiency measures.
Where can customers view Avista’s rate filings?
Customers can access Avista's rate filings on the Idaho Public Utilities Commission's website and Avista’s website at www.myavista.com/rates.
How can customers provide comments on the proposed rate change?
Customers may submit comments via the Idaho Public Utilities Commission website or by mailing them to P.O. Box 83720 Boise, ID 83720-0074.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AVA Insider Trading Activity
$AVA insiders have traded $AVA stock on the open market 5 times in the past 6 months. Of those trades, 1 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $AVA stock by insiders over the last 6 months:
- JANET D. WIDMANN sold 7,400 shares for an estimated $285,875
- BRYAN ALDEN COX (Senior Vice President) purchased 3,671 shares for an estimated $130,518
- WAYNE O MANUEL (Senior Vice President) sold 1,785 shares for an estimated $69,150
- DAVID J MEYER (Vice President) sold 1,367 shares for an estimated $50,196
- ALEXIS G. ALEXANDER (Vice President) sold 127 shares for an estimated $5,190
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$AVA Revenue
$AVA had revenues of $1.9B in Q4 2024. This is an increase of 274.27% from the same period in the prior year.
You can track AVA financials on Quiver Quantitative's AVA stock page.
$AVA Hedge Fund Activity
We have seen 191 institutional investors add shares of $AVA stock to their portfolio, and 170 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MILLENNIUM MANAGEMENT LLC removed 815,218 shares (-67.0%) from their portfolio in Q3 2025, for an estimated $30,823,392
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 736,784 shares (-76.4%) from their portfolio in Q4 2025, for an estimated $28,395,655
- WESTWOOD HOLDINGS GROUP INC added 695,480 shares (+33.0%) to their portfolio in Q3 2025, for an estimated $26,296,098
- GOLDMAN SACHS GROUP INC added 582,742 shares (+105.1%) to their portfolio in Q4 2025, for an estimated $22,458,876
- BLACKROCK, INC. added 580,777 shares (+4.1%) to their portfolio in Q4 2025, for an estimated $22,383,145
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added 539,686 shares (+37219.7%) to their portfolio in Q4 2025, for an estimated $20,799,498
- NORGES BANK removed 430,796 shares (-55.1%) from their portfolio in Q4 2025, for an estimated $16,602,877
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$AVA Price Targets
Multiple analysts have issued price targets for $AVA recently. We have seen 2 analysts offer price targets for $AVA in the last 6 months, with a median target of $38.0.
Here are some recent targets:
- Julien Dumoulin-Smith from Jefferies set a target price of $39.0 on 01/28/2026
- Shahriar Pourreza from Wells Fargo set a target price of $37.0 on 01/20/2026
Full Release
SPOKANE, Wash., Feb. 13, 2026 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA) has made an annual rate adjustment filing with the Idaho Public Utilities Commission (IPUC or Commission) that if approved, is designed to increase overall electric revenues by approximately $25.2 million or 7.4% effective May 1, 2026. This filing has no impact on Avista’s earnings.
The proposed rate adjustment modifies the level of funding for Avista’s electric energy efficiency programs. This adjustment aligns the amount that is collected in customer rates with the actual costs to operate the programs. Avista’s energy efficiency programs are designed to provide a financial incentive or rebate for cost-effective energy efficiency measures. The rate changes proposed reflect the required level of funding needed to operate the programs in the coming year, and to recover costs spent in 2025 that exceeded the levels included in rates. The electric rate adjustment is designed to increase the amount collected from customers by $25.2 million or 7.4%.
Customer Bills Resulting from these Filings
If the electric Energy Efficiency filing is approved, residential electric customers in Idaho using an average of 939 kilowatt hours per month would see their monthly bills increase from $115.54 to $124.44, an increase of $8.90 per month, or approximately 7.7%. The requested electric rate change by rate schedule is as follows:
| Residential Service - Schedule 1 | 7.4% |
| General Service - Schedules 11 & 12 | 7.3% |
| Large General Service - Schedules 21 & 22 | 7.1% |
| Extra Large General Service - Schedule 25 | 7.5% |
| Extra Large General Service - Schedule 25P | 7.9% |
| Pumping Service - Schedules 31 & 32 | 7.2% |
| Street & Area Lights - Schedules 41-49 | 7.1% |
| Overall | 7.4% |
Rate Application Procedure
Avista’s applications are proposals, subject to public review and a Commission decision. Copies of the applications are available for public review at the offices of both the Commission and Avista, and on the Commission’s website ( www.puc.idaho.gov ). Customers may file with the Commission written comments related to Avista’s filings. Customers may also subscribe to the Commission’s RSS feed ( http://www.puc.idaho.gov/rssfeeds/rss.htm ) to receive periodic updates via e-mail about the case. Copies of rate filings are also available on Avista’s website at www.myavista.com/rates .
If you would like to submit comments on the proposed rate change, you can do so by going to the Commission website or mailing comments to:
Idaho Public Utilities Commission
P.O. Box 83720
Boise, ID 83720-0074
About Avista Corp.
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 electric service to 422,000 customers and natural gas to 383,000 customers. Our service territory covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.7 million. AERC is an Avista subsidiary that, through its subsidiary AEL&P, provides retail electric service to 18,000 customers in the city and borough of Juneau, Alaska. Our stock is traded under the ticker symbol “AVA.” For more information about Avista, please visit www.avistacorp.com.
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 and the Quarterly Report on Form 10-Q for the quarter ended and its Annual Report on Form 10-K for the year ended Dec. 31, 2025.
Avista Corp. and the Avista Corp. logo are trademarks of Avista Corporation.
SOURCE: Avista Corporation
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