Strong First Quarter Performance
Avista's consolidated earnings for the first quarter of 2025 improved by almost 8%, with earnings at $0.98 per diluted share compared to $0.91 in the first quarter of 2024.
Advancement of Large Load Customer Discussions
Progress with potential new large load customers continues, offering opportunities for grid enhancements, employment, and increased sales tax revenue.
Wildfire Mitigation Legislation
Critical wildfire legislation passed in Washington and Idaho, providing significant progress in addressing wildfire risks.
Resolution of Babb Road Fire Litigation
A settlement in principle was reached for the Babb Road Fire litigation, with no impact on earnings as insurance is expected to cover the $21 million liability.
Capital Expenditure Plans
Avista plans to invest $525 million in capital expenditures for 2025 and nearly $3 billion from 2025 through 2029, indicating a 5% to 6% annual growth rate.