SPOKANE - Avista and all parties to the company’s electric general rate case have reached a settlement agreement that has been submitted to the Idaho Public Utilities Commission for consideration. If approved, new rates would take effect December 1, 2019.
If approved, the settlement agreement is designed to decrease annual billed electric revenues by $7.18 million, or 2.84%.
What does this mean for residential customer electric bills? If the settlement is approved, a residential electric customer using an average of 900 kilowatt hours per month would see a billed decrease of $0.86 per month, or 1.0%. The actual percentage rate change will vary by customer class and will depend on how much energy a customer uses.
Avista’s original request included an increase of annual electric billed revenues by $5.3 million or 2.1%, effective January 1, 2020. The primary element of the difference in the agreed upon base revenues in the settlement agreement from Avista’s original request is the continued recovery of costs for Avista’s wind generation power purchase agreements