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MarketScreener Homepage  >  Equities  >  Nyse  >  Avista Corporation    AVA

AVISTA CORPORATION

(AVA)
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Delayed Quote. Delayed Nyse - 05/29 04:10:00 pm
39.17 USD   +0.77%
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Avista Corp : Avista Celebrates 30 Years of Biomass at Kettle Falls

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07/30/2013 | 06:11pm EDT
Spokane, Wash. - July 30, 2013: Avista invites the public to an open house from 9 a.m. to 11 a.m. on Saturday, Aug. 10, 2013, in celebration of 30 years of generating renewable energy at the Kettle Falls Generating Station. The address is 1151 U.S. Hwy 395 North, Kettle Falls, Wash.

Built in 1983, the Kettle Falls plant was the first utility-owned electric generating station of its kind in the U.S. constructed for the sole purpose of producing electricity from wood waste, or biomass. The award-winning plant, combined with Avista's legacy hydroelectric power projects, has contributed to Avista being one of the greenest utilities in the country.

With the passage of I-937 in 2006, Washington state voters approved the Energy Independence Act, which requires large utilities to obtain 15 percent of their electricity from renewable resources by 2020, excluding hydropower. Kettle Falls will help Avista meet its I-937 goals beginning in 2016. With the support of legislators, the community and Avista employees, the Kettle Falls Generating Station is well positioned to be a part of the region's clean energy future.

"Kettle Falls stands as a tribute to a unique partnership forged 30 years ago between Avista, timber and forestry organizations, and the communities of northeastern Washington," said Jason Thackston, Avista's vice president for energy resources. "The plant represents our focus on shared value, where our legacy of innovation intersects with the needs of the people we serve to create successful outcomes."

A number of special guests are scheduled to attend the open house, including U.S. Representative Cathy McMorris Rodgers, State Senator John Smith and State Representatives Shelly Short and Joel Kretz.



About Avista Utilities
AvistaUtilities is involved in the production, transmission and distribution of energy. We provide energy services and electricity to 362,000 customers and natural gas to 323,000 customers in a service territory that covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.5 million. Avista Utilities is an operating division of Avista Corp. (NYSE: AVA). For more information, please visit www.avistautilities.com.

The Avista logo is a trademark of Avista Corporation.

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Financials (USD)
Sales 2020 1 443 M - -
Net income 2020 130 M - -
Net Debt 2020 2 107 M - -
P/E ratio 2020 20,5x
Yield 2020 4,11%
Capitalization 2 636 M 2 636 M -
EV / Sales 2019
EV / Sales 2020 3,29x
Nbr of Employees 1 920
Free-Float 99,0%
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Technical analysis trends AVISTA CORPORATION
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 5
Average target price 43,25 $
Last Close Price 39,17 $
Spread / Highest target 32,8%
Spread / Average Target 10,4%
Spread / Lowest Target -2,99%
EPS Revisions
Managers
NameTitle
Dennis P. Vermillion President, Chief Executive Officer & Director
Scott L. Morris Non-Executive Chairman
Mark T. Thies Chief Financial Officer, Treasurer & Executive VP
James M. Kensok Chief Information & Security Officer, VP
Reed John Taylor Independent Director
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