AVA Stock - Avista Corp.

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Avista Corporation, along with its subsidiaries, operates as a diversified electric and natural gas utility company serving multiple regions across the United States. The company operates through two primary segments: Avista Utilities and AEL&P. The Avista Utilities segment focuses on delivering electric distribution and transmission services, as well as natural gas distribution services in parts of eastern Washington, northern Idaho, and select areas of Oregon. Additionally, it engages in electricity generation across Washington, Idaho, Oregon, and Montana, alongside wholesale trading of electricity and natural gas. The AEL&P segment exclusively provides electric services to customers within the city and borough of Juneau, Alaska.

Founded in 1889 and headquartered in Spokane, Washington, Avista Corporation boasts a rich history in the utility sector, emphasizing its commitment to reliable energy delivery and customer service excellence. With a robust portfolio of hydroelectric, thermal, and wind power facilities, Avista is dedicated to meeting the energy needs of its extensive customer base, which includes approximately 411,000 electric and 377,000 natural gas customers as of February 22, 2023.

Beyond its core utility operations, Avista Corporation diversifies its business through strategic venture fund investments, real estate ventures, and other financial interests. These initiatives complement its core utility business, allowing the company to explore growth opportunities while maintaining a focus on sustainable energy practices and community engagement.

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