Avista Files Rate Adjustment to Increase Revenue
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 14 2026
0mins
Should l Buy AVA?
Source: Newsfilter
- Rate Adjustment Filing: Avista's annual rate adjustment filing with the Idaho Public Utilities Commission aims to increase overall electric revenues by approximately $25.2 million, or 7.4%, effective May 1, 2026, if approved.
- Customer Bill Impact: Should the electric energy efficiency filing be approved, residential customers in Idaho using an average of 939 kilowatt hours per month would see their bills rise from $115.54 to $124.44, an increase of $8.90 per month, or about 7.7%.
- Funding Adjustment Context: The proposed adjustment modifies the funding level for Avista's electric energy efficiency programs to align customer rates with actual operational costs, reflecting expenditures in 2025 that exceeded the levels included in rates.
- Public Participation Procedure: Avista's applications are subject to public review, with copies available at both the Commission and Avista offices, allowing customers to submit written comments via the Commission's website to ensure transparency and public engagement.
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Analyst Views on AVA
Wall Street analysts forecast AVA stock price to fall
4 Analyst Rating
0 Buy
3 Hold
1 Sell
Hold
Current: 42.110
Low
36.00
Averages
39.25
High
42.00
Current: 42.110
Low
36.00
Averages
39.25
High
42.00
About AVA
Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Its segment includes Avista Utilities and AEL&P. The Avista Utilities segment comprises regulated utility operations in Washington, Idaho, Oregon and Montana. It engages in electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho. It also provides natural gas distribution service in parts of northeastern and southwestern Oregon. Additionally, it supplies electricity to a small number of customers in Montana. Avista Utilities also engages in wholesale purchases and sales of electricity and natural gas as an integral part of energy resource management and its load-serving obligation. The AEL&P segment is a regulated utility providing electric services in Juneau, Alaska that is a wholly owned subsidiary and the primary operating subsidiary of AERC.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Dividend Increase: Avista has raised its quarterly dividend from $0.4900 to $0.4925 per share, marking a 0.5% increase, which indicates the company's ongoing improvement in cash flow stability and profitability.
- Yield Metrics: The forward yield of 4.68% not only attracts income-seeking investors but also reflects the company's commitment to shareholder returns amidst a competitive market environment.
- Payment Details: The new dividend will be payable on March 13, with a record date of February 25 and an ex-dividend date also set for February 25, ensuring shareholders receive their earnings promptly.
- Historical Context: Avista has consistently paid a quarterly dividend of $0.49 over the past four quarters, and this modest increase demonstrates the company's ability to maintain a stable dividend policy even in challenging market conditions, thereby enhancing investor confidence.
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- Rate Adjustment Filing: Avista's annual rate adjustment filing with the Idaho Public Utilities Commission aims to increase overall electric revenues by approximately $25.2 million, or 7.4%, effective May 1, 2026, if approved.
- Customer Bill Impact: Should the electric energy efficiency filing be approved, residential customers in Idaho using an average of 939 kilowatt hours per month would see their bills rise from $115.54 to $124.44, an increase of $8.90 per month, or about 7.7%.
- Funding Adjustment Context: The proposed adjustment modifies the funding level for Avista's electric energy efficiency programs to align customer rates with actual operational costs, reflecting expenditures in 2025 that exceeded the levels included in rates.
- Public Participation Procedure: Avista's applications are subject to public review, with copies available at both the Commission and Avista offices, allowing customers to submit written comments via the Commission's website to ensure transparency and public engagement.
See More
- Dividend Growth Commitment: Avista Corp. has declared a quarterly dividend of $0.4925 per share, resulting in an annualized dividend of $1.97, reflecting the company's commitment to increasing dividends for 24 consecutive years with a compound annual growth rate exceeding 5%.
- Maximizing Shareholder Value: CEO Heather Rosentrater emphasized the board's dedication to maximizing shareholder value, noting that the dividend growth rate is expected to be less than the growth in earnings per share until the target payout range of 60% to 70% is achieved.
- Extensive Service Coverage: Avista Utilities provides electric service to 422,000 customers and natural gas to 383,000 customers, covering 30,000 square miles and serving a population of 1.7 million, demonstrating the company's significant presence in the energy market.
- Financial Robustness: The board regularly reviews the level of dividends, considering financial results, business strategies, and economic conditions, ensuring the company maintains financial health while delivering consistent returns to shareholders.
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- Rate Case Filing: On January 16, 2026, Avista submitted a four-year rate case to the Washington Utilities and Transportation Commission, with a decision expected by late 2026 to address rising costs associated with power generation and infrastructure modernization.
- Customer Impact Analysis: If approved, the average residential electric bill in Washington is projected to rise from $124.23 to $157.94 by 2030, with an initial increase of $17.21 in 2027, reflecting the company's need for long-term investments to maintain safe and reliable service.
- Service Type Increases: Proposed increases vary by service type, with a 13.9% rise for most electric schedules in 2027 and a 5.0% increase for general natural gas service, highlighting the urgency of addressing escalating operating and maintenance costs.
- Customer Support Initiatives: Avista offers various support programs, including personalized bill discounts and energy-saving tools, to help customers manage rising energy costs, demonstrating the company's commitment to community responsibility and customer care.
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- Reason for Rate Increase: Avista's four-year rate case filing aims to address rising electricity production and procurement costs, with a proposed 13.9% increase in 2027, which could significantly impact household energy expenses and customer affordability.
- Customer Impact Analysis: If approved, the average residential electric customer in Washington would see their monthly bill rise from $124.23 to $157.94, with an initial increase of $17.21, highlighting the direct financial implications for customers amid rising operational costs.
- Infrastructure Investment: The proposal includes investments in modernizing the electric grid and hydropower infrastructure to enhance safety and reliability, reflecting Avista's strategic focus on mitigating climate change and natural disaster risks.
- Customer Support Initiatives: Avista offers various customer assistance programs, including bill discounts and energy-saving tools, to help manage rising energy costs, demonstrating the company's commitment to community support and customer care.
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- Rating Adjustment: UBS analyst William Appicelli lowered Eversource Energy's price target from $78 to $73 while maintaining a Neutral rating, reflecting a cautious outlook on the company's future performance, which may impact investor confidence.
- Market Reaction: JP Morgan analyst Jeremy Tonet cut the price target from $72 to $71 and maintained an Underweight rating, indicating concerns about the overall outlook for the utilities sector, which could put pressure on the stock price.
- Dividend Yield: Eversource Energy boasts a dividend yield of 4.59%, which continues to attract income-seeking investors despite the target price reduction, highlighting the company's appeal in uncertain market conditions.
- Earnings Performance: The company reported better-than-expected quarterly results on November 4, and while analysts maintain a cautious stance on future prospects, the strong earnings performance may provide some support for the stock price.
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