Brian Rousseau's questions to Avista Corp (AVA) leadership • Q3 2024
Question
Brian Rousseau asked about the North Plains Connector project, including upcoming milestones and financial commitments, and how it aligns with the Integrated Resource Plan. He also inquired about the structure of upcoming RFPs for new generation and potential strategies to mitigate volatility in the Energy Recovery Mechanism (ERM).
Answer
President and COO Heather Rosentrater explained that the North Plains Connector is a key part of their future resource strategy, with definitive agreements expected in the next 6-9 months. She also noted that IRA tax changes could make self-build and build-transfer options more competitive in future RFPs. CFO Kevin Christie added that while resource optimization is ongoing, the most significant way to address ERM volatility is through the proposed regulatory changes in their current rate case.