Avista CEO earned $2.2 million - Spokane, North Idaho News & Weather KHQ.com

Avista CEO earned $2.2 million

Avista CEO Scott Morris Avista CEO Scott Morris

SPOKANE, Wash. - Becky Cramer, Spokesman-Review

Scott Morris, Avista Corp.'s chairman, president and chief executive officer, earned $2.2 million in total compensation last year, the utility reported Tuesday.

Morris was promoted to Avista's top executive on Jan. 1, 2008, when former Chairman and CEO Gary Ely retired. Morris' salary mirrors what Ely earned in the job during 2007.

Morris was previously president and chief operating officer of Avista Utilities, the firm's state-regulated utility business. He earned $1.1 million in that position in 2007.

"Our executives are paid midrange of what their peers are paid," said Jessie Wuerst, an Avista spokeswoman. "That's what it takes to run a $2 billion company."

In addition to Morris, one other Avista employee earned more than $1 million last year - Executive Vice President Malyn Malquist, who plans to retire next Tuesday.

 

More information from

www.spokesman.com

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