Avista Corp., Idaho Settle on Energy, Gas Price Hikes

Law360, New York (August 8, 2008, 12:00 AM EDT) -- Energy company Avista Corp. has reached an agreement with the Idaho Public Utilities Commission over a proposed rate hike for electric and natural gas services to compensate for high power supply costs, an upgrade to the aging power infrastructure and other projects.

The settlement, pending IPUC's approval, was signed by IPUC staffers and Avista on Friday.

According to the terms of the agreement, Avista will increase average electric base rates by around 11.98% and natural gas rates by 4.7%. Avista originally proposed a 15.8% electric rate...
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