Avista receives commission approval of general rate cases

SPOKANE — An order from the Washington Utilities and Transportation Commission approved the multi-party settlement filed in June, 2022, which increases annual electric revenues of $38 million effective Dec. 21, 2022 and $12.5 million effective Dec. 21, 2023 and increases in annual natural gas revenues of $7.5 million effective Dec. 21, 2022 and $1.5 million effective Dec. 21, 2023.

The commission approved the use of Residual Tax Customer Credit that will be returned to customers over a two-year period. A Dec. 14 new release, states that the credit will provide benefits of $27.6 million for ele...