Profile: Avista Corp (AVA.N)
29 Sep 2016
Avista Corporation, incorporated on March 15, 1889, is an electric and natural gas utility with certain other business ventures. The Company operates through two business segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). Avista Utilities segment comprises regulated utility operations in the Pacific Northwest. AEL&P is a utility providing electric services in Juneau, Alaska. The Company operates other businesses, including sheet metal fabrication, venture fund investments and real estate investments, as well as certain other investments of Avista Capital, Inc., a subsidiary of the Company. Through Advanced Manufacturing and Development (AM&D), doing business as METALfx, the Company performs custom sheet metal fabrication of electronic enclosures, parts and systems for the computer, construction, telecommunication, renewable energy and medical industries.
Through the Avista Utilities operating division, the Company generates, transmits and distributes electricity, and distributes natural gas serving electric and natural gas customers in eastern Washington and northern Idaho and natural gas customers in parts of Oregon. The Company also supplies electricity to customers in Montana. Avista Utilities also engages in wholesale purchases and sale of electricity and natural gas. The Company provides transmission and ancillary services in eastern Washington, northern Idaho and western Montana. Avista Utilities has an electric resource mix of Company-owned and contracted hydroelectric projects, thermal generating facilities, wind generation facilities, and power purchases and exchanges.
Avista Utilities owns and operates approximately six hydroelectric projects on the Spokane River and over two hydroelectric projects on the Clark Fork River. Avista Utilities owns various thermal resources, including the combined cycle CT natural gas-fired Coyote Springs 2 located near Boardman, Oregon; an interest in a twin-unit, coal-fired boiler generating facility, Colstrip 3 & 4, located in southeastern Montana; a wood waste-fired boiler generating facility known as the Kettle Falls Generating Station (Kettle Falls GS) in northeastern Washington; a two-unit natural gas-fired CT generating facility, located in northeastern Spokane (Northeast CT); a two-unit natural gas-fired CT generating facility in northern Idaho (Rathdrum CT), and two small natural gas-fired generating facilities (Boulder Park and Kettle Falls CT).
Avista Utilities provides natural gas distribution services to retail customers in parts of eastern Washington, northern Idaho, and northeastern and southwestern Oregon. It also provides distribution transportation service to commercial and industrial natural gas customers who purchase natural gas through third-party marketers. Avista Utilities holds an interest in Jackson Prairie, an underground aquifer natural gas storage field located near Chehalis, Washington. The Company supplies retail electric service to approximately 375,000 customers and retail natural gas service to over 335,000 customers.
Alaska Electric Light and Power Company
AEL&P is a subsidiary of Alaska Energy and Resources Company (AERC), a subsidiary of the Company. AEL&P owns and operates electric generation, transmission and distribution facilities located in Juneau. AEL&P operates approximately five hydroelectric generation facilities with over 102.7 megawatts (MW) of hydroelectric generation capacity. AEL&P owns approximately four of these generation facilities, totaling over 24.7 MW of capacity. AEL&P serves approximately 17,000 customers. Its customers include city, state and federal governmental entities located in Juneau, as well as a mine located in the Juneau area.
1411 E MISSION AVE
SPOKANE WA 99202-1902
Company Web Links
- BRIEF-Blank check company Avista Healthcare Public Acquisition Corp files for IPO of up to $345 mln
- BRIEF-Avista says board amended Article II of bylaws
- BRIEF-Avista qtrly net income $0.43 per diluted share
- BRIEF-Avista posts Q1 earnings of $0.89 per share
- BRIEF-Avista CFO's 2015 total compensation $1.4 mln vs $1.7 mln in 2014 - SEC Filing