Avista

What Avista does

Avista Corporation (NYSE: AVA) is a regulated energy company founded in 1889 and headquartered in Spokane, Washington. Through its operating division Avista Utilities, it provides electricity to approximately 429,000 customers and natural gas to approximately 386,000 customers across 30,000-34,000 square miles in eastern Washington, northern Idaho, parts of Oregon, and Juneau, Alaska (via the Alaska Energy and Resources Company / AEL&P subsidiary). The business is a vertically integrated utility spanning generation, transmission, and distribution of electricity and natural gas, supplemented by wholesale energy trading, resource management, and emerging distributed energy offerings such as community microgrids.

Revenue is generated through regulated tariff-based rates filed with and approved by state utility commissions in Washington, Idaho, and Oregon, producing subscription-like recurring revenue. Pricing is subject to periodic rate cases; recent and pending filings include a 7.4-7.7 percent Idaho electric rate adjustment, a Washington general rate case requesting $111 million in electric and $12 million in natural gas revenue increases for 2027, and an approved 2025 Clean Energy Implementation Plan. Capital expenditure is set at approximately $615 million in 2026 and $3.4 billion cumulatively across 2026-2030, supporting investments in a 100 MW battery energy storage system, Montana wind purchases, the Lolo-Oxbow 230-kV transmission upgrade with Idaho Power (backed by an $85.7 million DOE grant), and participation in the 3,000 MW North Plains Connector HVDC consortium.

The company has paid dividends for 56 consecutive years with 24 consecutive years of increases (current annualized dividend $1.97 per share, ~4.65% yield). It deploys Bidgely AI analytics on AMI meter data for grid planning and EV load management, achieving a 27% reduction in service calls. Recent strategic activity includes co-founding the Novara Energy Alliance (with Itron and McKinstry), launching the region's first community microgrid at the MLK Community Center, divesting Colstrip Units 3 and 4, and pausing a 500 MW data center service request pending broader community and policy alignment.

Name

Avista

Legal name

Avista Corporation

Website

https://avistacorp.com

Company type

Public

Founded year

1889

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Avista Corporation is a regulated electric and natural gas utility serving approximately 429,000 electric and 386,000 gas customers across eastern Washington, northern Idaho, Oregon, and Juneau, Alaska, with vertically integrated generation, transmission, and distribution operations and $1.96 billion in 2025 revenue.

Ownership category

akta.pro rank

Product category

Electric and Natural Gas Utility Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911), Gas & Other Services Combined (4932), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Transmission Interconnection & Line Works (Gen-Tie Lines, Overhead/Underground Lines) (EUAMAFAF)

akta.pro secondary industries

Engine Generator & Microgrid Power Plant EPC (Diesel/Gas Recip) (EUAEAAAJ), Microgrid + Storage EPC & Systems Integration (EUAEAEAD), Forecasting & AI Optimization for Flexibility (Load/Price/Renewables/SoC) (EUAFAKAH)

Keywords

• Regulated electric utility
• Natural gas distribution
• Utility transmission services
• Electricity distribution
• Energy resource planning

Headquarters

HQ city

Spokane

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Electric Utility Services: Regulated electricity generation, transmission, and distribution services to approximately 429,000 customers in eastern Washington, northern Idaho, and parts of Oregon. Revenue driven by approved rate cases and capital investment recovery.
2. Natural Gas Utility Services: Regulated natural gas distribution to approximately 386,000 customers across the same service territory. Revenue recovery through rate filings with state utility commissions.
3. Energy Trading and Resource Management: Wholesale energy trading and resource management activities supporting utility operations and grid optimization.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Avista is a vertically integrated regulated energy utility that generates, transmits, and distributes electricity and natural gas across the Pacific Northwest. Its Avista Utilities division serves approximately 429,000 electric customers and 386,000 natural gas customers across 34,000 square miles in eastern Washington, northern Idaho, parts of Oregon, and through its AEL&P subsidiary in Juneau, Alaska. The company also engages in wholesale energy trading and resource management to support grid operations.

Product overview

Avista is a regulated energy utility offering a unified platform of electricity and natural gas services. The core operating division is Avista Utilities, which provides electricity to approximately 418,000 customers and natural gas to approximately 382,000 customers across the Pacific Northwest. The portfolio includes the Avista 2025 Electric Integrated Resource Plan — a long-term resource planning product combining natural gas turbine upgrades, a 100 MW battery energy storage system, wind power purchases, and demand response programs to meet reliability and clean energy goals. Subsidiary Alaska Energy and Resources Company (AEL&P) extends retail electric service to Juneau, Alaska. Avista also operates non-regulated businesses including gas storage and浆 energy marketing. The company integrates AI analytics from Bidgely for grid planning and EV growth management.

Differentiator

Problem solved

Functional benefit

Products and services

• Avista Utilities - Electric Service
• Avista Utilities - Natural Gas Service
• Alaska Energy and Resources Company (AEL&P)

Quantifiable outcome

• Reduced service calls by 27% using Bidgely's disaggregation software
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability3 records

Feature3 records

Partnerships

Eight partnerships are on record, tiered core, strategic and minor.

• Minnkota Power CooperativecoreStrategic or Co-development Partner · 1 June 2026Minnkota joined the North Plains Connector utility consortium as its eighth member, signing a non-binding MOU to secure 150 megawatts of capacity on the 3,000-megawatt HVDC transmission line connecting the Eastern and Western Interconnections. The transmission line spans 420 miles across North Dakota and Montana.
• Washington State Department of CommercestrategicStrategic or Co-development Partner · 28 May 2026Partnership for the Martin Luther King Jr. Community Center microgrid project in Spokane. The project received $1.5 million investment through the state's Solar Plus Storage program, representing one of the first microgrids funded under this initiative.
• MLK Community CenterminorStrategic or Co-development Partner · 28 May 2026Partnership with Avista Utilities and Washington State Department of Commerce for a new microgrid project at the Martin Luther King Jr. Community Center in Spokane. The system combines solar, battery storage, and natural gas backup to ensure the nonprofit can continue providing services during extended power outages.
• Novara Energy AlliancestrategicStrategic or Co-development Partner · 7 May 2026Newly unified organization formed from merger of Urbanova and INTENT with founding mission partners Avista, Itron and McKinstry. The alliance aims to unite innovators, communities, government, researchers and industry leaders to address energy and water challenges in the Inland Northwest region. Headquartered at Scott Morris Center for Energy Innovation in Spokane, Washington.
• ItronstrategicStrategic or Co-development Partner · 7 May 2026Founding partner of Novara Energy Alliance along with Avista and McKinstry. Itron provides technology solutions for the energy and water challenge initiatives in the Inland Northwest region.
• McKinstrystrategicStrategic or Co-development Partner · 7 May 2026Founding partner of Novara Energy Alliance along with Avista and Itron. McKinstry contributes expertise in energy innovation and decarbonization for the Inland Northwest region.
• BidgelystrategicTechnology or Integration · 17 February 2025Bidgely provides AI analytics solutions that transform Advanced Metering Infrastructure data into actionable intelligence for utilities. Their Analytics Workbench and grid planning solutions are being utilized by Avista to manage EV growth, analyze peak load users, and prioritize infrastructure upgrades. Recognized as Top 10 Grid Edge Innovator of 2025 by Darcy Partners.
• Idaho PowercoreStrategic or Co-development Partner · 21 October 2024Joint development of the Lolo-Oxbow 230-kV transmission line reconstruction project in Washington and Idaho. The U.S. Department of Energy granted approximately $85.7 million to both utilities for this infrastructure upgrade to improve grid resilience, increase interregional capacity by about 635 MW, and support renewable energy integration.

Scale indicators6 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• PacifiCorp: PacifiCorp is a Berkshire Hathaway-owned vertically integrated electric utility serving Oregon, Washington, Idaho, Utah, Wyoming, and California. Direct geographic and operational overlap with Avista in the Pacific Northwest, both providing regulated generation, transmission, and distribution services.
• Portland General Electric: Portland General Electric (NYSE: POR) is an Oregon-based vertically integrated electric utility serving approximately 900,000 customers in the Portland metro area. Direct peer sharing Pacific Northwest service territory, regulatory framework, and clean energy transition challenges.
• Idaho Power: Idaho Power is a regulated electric utility serving southern Idaho and eastern Oregon. Direct peer and active partner on the Lolo-Oxbow 230-kV transmission line, sharing customer base overlap and regulatory environment with Avista.
• Puget Sound Energy: Puget Sound Energy is a regulated utility providing electric and natural gas service to customers in Washington state. Direct Pacific Northwest peer with combined electric/gas utility business model, similar customer demographics, and identical regulatory jurisdictions.
• NorthWestern Energy: NorthWestern Energy (NASDAQ: NWE) is a regulated electric and natural gas utility serving Montana, South Dakota, and Nebraska. Recent acquirer of Avista's Colstrip Units 3&4 interests and adjacent regional peer with similar clean energy transition profile.
• NW Natural Gas Company: NW Natural (NYSE: NWN) is a natural gas distribution utility serving Oregon, Washington, and Idaho — directly overlapping with Avista's gas service territory. Direct peer in the regulated gas distribution business with shared regulatory commissions.

Broad incumbents

• Dominion Energy: Dominion Energy (NYSE: D) is a large multi-state regulated electric and gas utility with extensive transmission and generation assets. Broader incumbent offering comparable utility services (electric, gas) at significantly larger scale and across more diverse regulatory jurisdictions.
• Duke Energy: Duke Energy (NYSE: DUK) is one of the largest U.S. regulated electric utilities serving the Southeast and Midwest. Broad incumbent with similar vertically integrated utility business model, renewable transition strategy, and regulatory rate-base recovery approach.
• Xcel Energy: Xcel Energy (NASDAQ: XEL) is a major multi-state regulated electric and gas utility with leading clean energy transition strategy across the Midwest and Western U.S. Broad incumbent with similar grid modernization, AI analytics deployment, and renewable integration investments.

Emerging players

• Bidgely: Bidgely is an AI-driven energy analytics platform serving utilities with AMI data analytics, EV load management, and grid planning solutions. Active technology partner to Avista and competitor as a vendor to other utilities; meaningful overlap in the grid-edge AI analytics niche.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• Xx.com/avistautilities
• Facebookfacebook.com/avistautilities
• LinkedInlinkedin.com/company/avista

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments26 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Avista