Avista

Avista Corporation
FormerlyWashington Water Power
Company typePublic
NYSEAVA
S&P 600 component
IndustryEnergy, private utility
Founded1889, 135 years ago (as Washington Water Power)
Headquarters1411 E Mission Ave, ,
Key people
Dennis P Vermillion
Chairman and CEO October 1, 2019-present
ProductsElectricity and natural gas
RevenueIncrease $1.473 billion[1]
Increase $257.6 million (2023)
Increase $171 million (2023)
Number of employees
1,982
SubsidiariesAlaska Electric Light & Power
Websitewww.myavista.com
Outage Map

Avista Corporation is an American energy company which generates and transmits electricity and distributes natural gas to residential, commercial, and industrial customers. Approximately 1,550[citation needed] employees provide electricity, natural gas, and other energy services to 359,000 electric and 320,000 natural gas customers[citation needed] in three western states. The service territory covers 30,000 square miles (78,000 km2) in eastern Washington, northern Idaho, and parts of southern and eastern Oregon, with a population of 1.5 million.[2]

Avista Utilities is the regulated business unit of Avista Corp., an investor-owned utility headquartered in Spokane, Washington. Avista Corp.'s primary, non-utility subsidiary was Ecova, an energy and sustainability management company with over 700[citation needed] expense management customers, representing more than 600,000[citation needed] sites. In 2014, Ecova was sold to Cofely, a subsidiary of GDF Suez.[3]

The company was founded 135 years ago in 1889 as Washington Water Power Company.[4][5] The board of directors approved a name change to Avista Corporation, effective January 1, 1999, and the company began trading under the Avista name on Monday, January 4.[4][6][7]

At that time, the company also bought naming rights for Spokane's minor league baseball park, Avista Stadium.

  1. ^ "Form 10-K 2014 Avista Corporation". SEC. Retrieved April 29, 2015.
  2. ^ "Avista Corp. 2012 Shared Value Report". Avista Corp. Retrieved September 10, 2012.
  3. ^ "Our History". Avista Corp. Retrieved December 13, 2014.
  4. ^ a b Wiley, John K. (January 5, 1999). "WWP's name changed to Avista Corp". Lewiston Morning Tribune. Associated Press. p. 7A.
  5. ^ "Avista Legacy Timeline". Retrieved September 10, 2012.
  6. ^ Caldwell, Bert (January 5, 1999). "It's officially Avista". Spokesman-Review. p. A6.
  7. ^ "SEC filing". Avista Corporation. press release. January 4, 1999. Retrieved June 17, 2015.