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AVA News
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Avista Emphasizes Operational Priorities and Cost Management
"Strong execution of our operational priorities and disciplined cost management reinforce confidence in our outlook and long-term strategy. Results for the quarter also benefited from the recovery of non-utility investment losses recognized in 2025. By maintaining a balanced approach to investments in our system and affordability, we continue to position the company to deliver value for both our customers and shareholders," said Heather Rosentrater, President and CEO of Avista.
Avista Pauses Negotiations with Data Center Developers
Avista announced it is taking additional time to evaluate the processing of energy requests from new large data center developers as it seeks to partner with governmental agencies on creating a clear and coordinated planning process and as the company considers additional stakeholder feedback. Negotiations concerning energy service to this potential data center are now paused. The decision follows recent community interest and concern related to Avista's previously announced Memorandum of Understanding with the new 500MW data center developer.
North Plains Connector Welcomes Minnkota Power Cooperative as Eighth Member
North Plains Connector welcomes Minnkota Power Cooperative as the eighth member of its utility consortium. Minnkota has signed a non-binding memorandum of understanding with North Plains Connector, a subsidiary of Grid United, to secure 150 megawatts of capacity on the 3,000-megawatt, high-voltage direct current transmission line once it begins operations, subject to successful negotiation of definitive agreements. Once completed, North Plains Connector will be the first HVDC transmission line in the United States to connect three regional electric energy markets - the Midcontinent Independent System Operator, the Western Interconnection, and the Southwest Power Pool - improving the reliability and resiliency of the electrical grid across the region while broadening market connections. Grid United and ALLETE are joint developers of North Plains Connector. Other members of the utility consortium with signed capacity MOUs with the project are: Avista (AVA), BHE U.S. Transmission, MDU Resources (MDU) subsidiary Montana-Dakota Utilities, NorthWestern Energy (NWE), Portland General Electric (POR), and Puget Sound Energy.
Avista Reports Q1 Revenue of $555M
Reports Q1 revenue $555M vs. $603M last year. "Strong performance in the first quarter demonstrates our focus on fundamentals: safety, reliability, and sound operational and financial execution. Our continued investments ensure we meet the needs of the communities we serve and also build long-term value for our customers, communities and shareholders. We are on track to meet our 2026 earnings guidance and are confident in the opportunities ahead," said Heather Rosentrater, President and CEO of Avista.
Avista Utility Earnings Up in 2024
"The core of our operations - our utility - is strong," said Heather Rosentrater, President and CEO of Avista. "Our utility earnings were up from 2024, but were negatively impacted by the late-December Washington order regarding our exit from Colstrip. Throughout the year, our team remained focused on execution of our key initiatives. Outcomes from our recent request for proposal reinforce our utility strength and support our ability to continue delivering safe, reliable energy to the communities we serve and creating enduring value for our shareholders."
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