Avista Submits 2009 Resource Plan
August 31 2009 - 2:44PM
PR Newswire (US)
Highlights include more wind power, energy efficiency and natural
gas generation SPOKANE, Wash., Aug. 31 /PRNewswire-FirstCall/ --
Avista (NYSE:AVA) has submitted its 2009 Electric Integrated
Resource Plan (IRP) to state regulators. The plan details projected
growth in demand for energy and new resources needed to serve
customers. (Logo:
http://www.newscom.com/cgi-bin/prnh/20040128/SFW031LOGO) Avista
anticipates adding some 150 thousand retail customers with a 1.7
percent annual growth in electric demand until 2029. The utility
plans to rely on a mix of renewables, hydroelectric upgrades,
energy efficiency and natural gas generation to meet that demand.
Avista Utilities President Dennis Vermillion said the latest IRP
ensures that Avista remains among the greenest utilities, with one
of the lowest carbon footprints in the U.S. "We continue to obtain
new resources in a responsible and environmentally sound manner so
that we can provide clean, reliable and cost effective energy for
our customers," Vermillion said. Each IRP is a thoroughly
researched and data driven document to guide responsible resource
planning for the utility. The IRP is updated every two years and
looks 20 years into the future. "The IRP was developed with the
help of a technical advisory committee made up of customers,
utility commission staff, consumer advocates, academics, utility
peers, government agencies and Avista's energy analysts," said
Clint Kalich, Avista manager of resource planning. Some highlights
of the plan include: -- Up to 150 MW of wind power by 2012 to take
advantage of renewable energy tax incentives, diversify Avista's
resource mix and meet renewable portfolio standards. -- An
additional 200 MW of wind power by 2022. -- 750 MW of clean-burning
natural gas-fired generation facilities. -- Aggressive energy
efficiency measures reduce generation requirements by 26 percent or
339 MW. -- Transmission upgrades are needed to integrate new
generation assets into Avista's system. -- Hydroelectric upgrades
at existing facilities will generate additional renewable energy
without additional environmental impacts. Utility commissions in
Idaho and Washington will review the document and will provide an
opportunity for comment. The IRP is available in electronic form on
the Avista Utilities web site. http://www.avistautilities.com/
Avista Corp. is an energy company involved in the production,
transmission and distribution of energy as well as other
energy-related businesses. Avista Utilities is our operating
division that provides electric service to 353,000 homes and
businesses and natural gas to 313,000 homes and businesses in three
Western states, serving more than 492,000 customers. Avista's
primary, non-regulated subsidiary is Advantage IQ. Our stock is
traded under the ticker symbol "AVA." For more information about
Avista, please visit http://www.avistacorp.com/. This news release
contains forward-looking statements regarding the company's current
expectations. Forward-looking statements are all statements other
than historical facts. Such statements speak only as of the date of
the news release and are subject to a variety of risks and
uncertainties, many of which are beyond the company's control,
which could cause actual results to differ materially from the
expectations. These risks and uncertainties include, in addition to
those discussed herein, all of the factors discussed in the
company's Annual Report on Form 10-K for the year ended Dec. 31,
2008, and the Quarterly Report on Form 10-Q for the quarter ended
June 30, 2009. Avista Corp. and the Avista Corp. logo are
trademarks of Avista Corporation.
http://www.newscom.com/cgi-bin/prnh/20040128/SFW031LOGODATASOURCE:
Avista Corp. CONTACT: Hugh Imhof of Avista Corp., +1-509-495-4264,
, Avista 24/7 Media Access, +1-509-495-4174 Web Site:
http://www.avistacorp.com/ http://www.avistautilities.com/
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