In August 2013, Avista Utilities filed a request with the Oregon Public Utility Commission to raise customer rates by 9.8 percent overall. A typical residential customer using an average of 48 therms a month would see a bill of $64.17, $6.17 more or a 10.6 percent increase.
The Company’s filing said that new capital investments in updating natural gas pipe and technology are factors behind the request.
The proposed request will generate approximately $9.5 million in additional natural gas revenue. It would result in a proposed rate of return of 7.83 percent with a common equity ratio of 50 percent and a currently authorized 10.1 percent return on equity.
The Commission has up to 10 months to analyze and make a decision on Avista's request.
The company's last general rate increase request in Oregon was filed in 2010.
Avista serves approximately 96,700 customers southwestern and northeastern Oregon.
If you would like to submit comments regarding the Avista Utilities General Rate case
(UG 246) please click HERE.