Regulators approve Avista settlement

LACEY - Today, state regulators approved a settlement agreement for Avista Utilities, incrementally increasing customer rates over the next two years.

This is the first rate increase approved by the Utilities and Transportation Commission under legislation passed in 2021 requiring utilities to file multi-year rates plans when seeking rate increases.

The approved settlement covers a two-year period beginning Dec. 21. Avista’s electric revenue will increase $38 million on Dec. 21 and $12.5 million next year on Dec. 21, 2023; Avista’s natural gas revenue will increase $7.5 million on Dec. 21 and...