Avista Electric & Natural Gas Rate Request Settled; New Rates To - Spokane, North Idaho News & Weather KHQ.com

Avista Electric & Natural Gas Rate Request Settled; New Rates To Take Effect Dec. 1st

OLYMPIA, Wash. - Avista residential electric customers will see a monthly bill increase of about $5.60 a month and natural gas customers about $2.20 under a settlement agreement approved by state regulators Friday.
 
The Washington Utilities and Transportation Commission (UTC) approved a settlement that allows Avista to raise electric and natural gas rates to collect an additional $34.1 million in total revenues, a significant drop from the original $63.8 million the company requested. New rates take effect Dec. 1.
 
Under the terms of the settlement agreement electric revenues will increase by $29.5 million a year, or an overall 7.4 percent, down from the $55.3 million, or 13.4 percent, the company asked for in its initial request. Avista will also be able to collect an additional $4.6 million, or 2.9 percent, in natural gas revenues.
 
The average residential electric customer using 1000 kilowatt hours-a-month will see an increase of $5.62, for a revised average $78.83 monthly bill. The typical natural gas customer using 80 therms a month will pay about $2.20 more, for a revised bill of $74.28.
 
There is no change to the residential basic monthly service charge of $6 that all customers pay regardless of the amount of electricity or natural gas used. Avista had originally requested a $10 a month customer service charge.
 
The UTC also approved increases of 7.4 and 2.9 percent in electric and natural gas rates, respectively, for contributions to the Low-Income Ratepayer Assistance Program (LIRAP). The average residential electric customer will pay 62 cents per month to the LIRAP fund. The average natural gas customer will pay 71 cents a month for the LIRAP fund.
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