Avista requests decrease in rates - Coeur d'Alene Press: Business

Avista requests decrease in rates

Natural gas may drop 7.9 percent on Oct. 1, electric 1.4 percent

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Posted: Wednesday, August 1, 2012 12:15 am | Updated: 10:54 am, Fri Nov 16, 2012.

Avista Utilities is requesting a 7.9 percent decrease in natural gas rates for Idaho customers and a 1.4 percent decrease for electric users.

Customers would see the decreases on Oct. 1 if the Idaho Public Utilities Commission (IPUC) approves several annual rate adjustment requests filed on Tuesday by Avista.

There is no impact on company earnings from any of the proposed adjustments.

"Each year, we propose to adjust rates our customers pay so that customers' bills reflect our actual costs of purchasing natural gas and generating and purchasing electric power," said Dennis Vermillion, president of Avista Utilities. "Today's requested rate reductions are due to, among other things, lower natural gas prices and lower power supply costs, which is good news for our customers."

If approved, it would be the second natural gas price reduction this year for Avista's Idaho customers, resulting in a decrease by more than 14 percent overall in 2012. Natural gas rates decreased 6 percent in March.

"Abundant supplies of natural gas and continued soft demand for the commodity have continued to keep wholesale natural gas prices at lower levels over the past year," a press release states.

If the requests are approved, residential electric customers in Idaho using an average of 939 kilowatt hours per month would see their monthly bills decrease from $80.55 to $79.46, a decrease of $1.09 per month, or 1.4 percent. Residential natural gas customers using an average of 60 therms a month would see a $4.42, or 7.9 percent, decrease in their monthly rate for a revised monthly bill of $51.36.

Copies of Avista's applications are available at www.puc.idaho.gov. The IPUC will seek public input on the requests.

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Welcome to the discussion.

3 comments:

  • my own opinion posted at 4:32 pm on Sat, Aug 25, 2012.

    my own opinion Posts: 397

    Whooper Wednesdays! (yuck)

     
  • AnonymousCda posted at 7:12 pm on Wed, Aug 8, 2012.

    AnonymousCda Posts: 279

    The rates should come down even more. Since Jpmorgan did rate rigging of the energy markets. That's why the rates are coming down in the first place. Everything is just a lie to keep us from waking up. Oct 1st why not during the summer since there just profiting off us already. Oct 1st is when they usually increase rates. They should take those profits an invest into Methane generation some place and create a fleet of Methane Vans, utility vehicles for Avista. Our donate a few Propane small Buses to Citylink.

     
  • LMYCDA posted at 3:33 am on Wed, Aug 1, 2012.

    LMYCDA Posts: 1782

    Where am I going to spend that $1.50 a month decrease???? I will let you know what I decide.

     
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