Avista Corp. (NYSE:AVA) and all other parties involved in the company's electric and natural gas general rate filings have reached a settlement agreement that, if approved by the Idaho Public Utilities Commission (IPUC), would resolve all issues in the cases. The general rate case settlement is designed to recover $2.8 million in additional annual electric revenue, which is a 1.1 percent increase in electric base rates, and to provide $1.1 million in additional annual natural gas revenue, or a 1.6% increase. The settlement agreement is supported by all parties. When combined with Avista's other proposed rate adjustments now pending before the IPUC, the results would be a net overall decrease in electric rates of 2.4 percent and a net overall decrease in natural gas rates of 0.8 percent. New rates would become effective October 1, 2011. The Commission must still approve the terms of the settlement.

Avista Corporation, an energy company, engages in the generation, transmission, and distribution of energy and other energy-related businesses in the United States and Canada. It operates in two segments, Avista Utilities and Advantage IQ.

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