Avista Corp.’s four-state utility operations will rely more on natural gas peaking plants over the next five years in the absence of long-term energy storage, the Spokane, WA-based operator said in updated integrated resource plans (IRP). With forecasts for higher retail and residential per-customer demand versus the 2020 IRP, Avista Utilities said it would return…
Articles from Avista
Two Pacific Northwest natural gas-plus utilities reported Friday their separate approaches to maintaining essential services in the midst of the Covid-19 lockdown.
With the largest initial U.S. outbreak of thecoronaviruscentered in Washington state, the Pacific Northwest received an early wake-up call, and energy providers have hit the ground running to protect their essential services and support community response efforts.
Editor’s Note: This is one of a 14-piece series NGI undertook as the energy industry readied for the new year, with Lower 48 natural gas and oil supply continuing to surge in an uncertain environment as liquefied natural gas exports ramp up, Mexico markets remain shrouded and stakeholders demand more value. Get your complimentary copy of NGI’s 2020 Special Report today.
Spokane, WA-based Avista Utilities has asked regulators to approve rate increases totaling $14 million, or 10.4%, effective Nov. 1, in part to cover purchased natural gas costs following Canadian supply disruptions last winter.
Now that the dust has settled from an aborted merger with Hydro One Ltd., natural gas and power distributor Avista Corp. has found solace in lowering its utility costs and finding customer growth in the Pacific Northwest, retiring CEO Scott Morris said during a second quarter conference call.
Spokane, WA-based Avista Corp. eventually could look for another merger or acquisition for its five-state utility holding company, following the failure of a $5.3 billion acquisition by Hydro One Ltd. earlier this year, CEO Scott Morris said Friday.
Spokane, WA-based Avista Corp. and Canada-based Hydro One Ltd. on Wednesday pulled the plug on their 18-month effort to complete the Toronto electricity giant’s $5.3 billion takeover proposal.
Washington state regulators on Wednesday unanimously rejected the proposed $5.3 billion takeover of natural gas and power distributor Avista Corp. by Ontario-based utility Hydro One Ltd., saying the proposed acquisition does not serve the public interest. It was a unanimous 3-0 decision.
Goodrich Petroleum Corp. said two wells targeting the Haynesville Shale in Louisiana, Wurtsbaugh 35 No.1 and Demmon 34 No. 1, achieved a 24-hour peak production rate of about 22,500 Mcf/d. Both wells were drilled into the Bethany-Longstreet field in DeSoto Parish, LA, with 4,600-foot laterals. The company holds a 71% working interest (WI) in the Wurtsbaugh well and an 89% WI in the Demmon well. The wells came online in July and August, respectively. Goodrich said company-wide production hit 90,000 Mcfe/d after the completion of both wells. The company added that production “is projected to meaningfully increase again” once it completes the Harris 14&23H-1 (98.5% WI) well, where hydraulic fracturing operations are expected to begin soon.