Avista Reaches Settlement On Idaho Energy Rates

SPOKANE, Wash. (AP) — Energy company Avista Corp. said late Tuesday it has reached a settlement in Idaho that would bump residential electric rates by 1.9 percent while keeping natural gas rates flat.

If approved by the Idaho Public Utilities Commission, the new rates would take effect August 1.

Dennis Vermillion, president of Avista Utilities, said natural gas prices have decreased substantially since it filed for rate adjustments in January, and Avista believes the settlement with regulators and other parties represents a fair resolution. ...