Washington UTC Slashes Avista Rate Hike

In a rate case largely resolved by settlement, the Washington Utilities & Transportation Commission authorized Avista Utilities to increase its electric revenues by $13.65 million and its natural gas revenues by $5.3 million for 2013. The utility had petitioned for an electric rate hike of $41 million and a natural gas rate increase of $10.1 million. The utility’s requested ROE of 10.9 percent also met with resistance, with the stipulation providing for a 9.8-percent ROE instead.For the full story and more analysis, subscribe to Utility Regulatory Newshttp://www.fortnightly.com/utility-regulatory-news-free-trial