AVA News & Events

This non-GAAP utility earnings guidance is based on the following assumptions: Normal weather and hydroelectric generation; A negative impact from the ERM of ($0.10) cents per diluted share within the 90% customer, 10% company sharing band; An effective tax rate of 12 percent; Capital expenditures of $585 million; Effective regulatory outcomes. Over the long term, the company expects non-GAAP utility earnings to grow 4 to 6 percent from the midpoint of its 2025 consolidated earnings guidance.

"The core of our operations - our utility - is strong," said Heather Rosentrater, President and CEO of Avista. "Our utility earnings were up from 2024, but were negatively impacted by the late-December Washington order regarding our exit from Colstrip. Throughout the year, our team remained focused on execution of our key initiatives. Outcomes from our recent request for proposal reinforce our utility strength and support our ability to continue delivering safe, reliable energy to the communities we serve and creating enduring value for our shareholders."