Avista reports $71M in net income
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May 2, 2024 1:00 AM
COEUR d'ALENE — Avista Corp. on Wednesday reported profits of $71.5 million for the first quarter of 2024, compared to $55 million last year.
The company's revenue for the quarter rose to $594 million from $460 million last year, an increase of nearly 30%.
“I'm pleased with our solid start this year. Our earnings for the first quarter are right in line with our expectations, including the negative impact of the Energy Recovery Mechanism," said Avista CEO Dennis Vermillion. "We are well positioned to meet our earnings targets for the year."
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