Avista Corporation

2026-06-05 21:09:36

Avista Corp. has entered a non-binding agreement with an unnamed large electricity customer seeking to use up to 500 megawatts by 2032, representing about 16% of Avista's current peak power load. The company emphasizes that the large-load customer will cover all additional costs, ensuring existing customers are not negatively impacted. This development occurs amidst growing demand for data centers, which require significant power, prompting questions about potential impacts on local communities and ratepayers.

2026-06-05 10:09:39

Avista Corp. has entered a non-binding agreement with an unnamed large electricity customer seeking 125 megawatts initially, growing to 500 megawatts by 2032, which would represent a significant portion of Avista's peak power load. The company emphasizes that the large-load customer will pay for all added costs, preventing cost-shifting to existing customers. This development comes amidst growing demand for power-intensive data centers, with Avista stressing protection of current ratepayers and ensuring a net benefit to all customers.

2026-06-04 07:10:35

Avista Utilities has launched the region's first community-based microgrid at the Martin Luther King Jr. Family Outreach Center in Spokane. This "MLK Resiliency Project" combines solar panels, battery storage, and a natural gas generator to ensure the center remains operational during power outages and helps reduce energy costs. The initiative, funded by Avista and a state grant, serves as a test case for future microgrid deployments to enhance community resilience and support the broader electric grid.

2026-06-03 09:10:35

Avista (AVA) has signed a non-binding memorandum of understanding to explore supplying power to a new large-load electric customer in its Washington service territory. The project aims to meet an initial demand of 125 megawatts by 2029, potentially expanding to 500 megawatts by 2032, pending regulatory approvals and further agreements. This initiative is designed to benefit existing customers, boost economic development, and upgrade grid infrastructure.

2026-06-02 21:31:01

Avista has signed a non-binding Memorandum of Understanding (MOU) to explore providing an initial 125 MW power load in Washington, with potential expansion to 500 MW by 2032. The company aims to ensure affordability and net benefits for existing customers while supporting regional economic development and grid improvements. The project's progression is contingent on negotiating an Engineering and Procurement Contract, obtaining necessary permits, and regulatory approval.

2026-06-02 20:31:01

Avista Corp (AVA) shares dropped 1.36% on the NYSE to $40.90 as of Tuesday, June 2, 2026, according to a MarketBeat snapshot. The utility company, with a market capitalization of $3.38 billion, a P/E ratio of 16.27, and a dividend yield of 4.82%, maintained an active trading volume beneath its average. Analysts currently hold a consensus "Hold" rating with an average price target of $40.00.