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Capital Expenditures and Other Investments
Avista Utilities’ capital expenditures were $347 million for the nine months ended Sept. 30, 2023, and our planned Avista Utilities’ capital expenditures are $475 million for the year. We expect AEL&P’s capital expenditures to total $17 million in 2023.
We have increased our expectations for Avista Utilities' capital expenditures to $500 million for 2024, $525 million for 2025, and $550 million for 2026.
In addition, we expect to invest $15 million in 2023 at our other businesses related to non-regulated investment opportunities and economic development projects in our service territory.
2023 Earnings Guidance and Outlook
Avista Corp. is narrowing its 2023 consolidated earnings guidance range, as presented in the following table:
|
|
|
Original 2023 Guidance |
|
Revised 2023 Guidance |
|
Avista Utilities |
|
$2.15 - $2.31 |
|
$2.18 - $2.24 |
|
AEL&P |
|
$0.08 - $0.10 |
|
$0.10 - $0.12 |
|
Other |
|
$0.04 - $0.06 |
|
$(0.01) - $0.01 |
|
Consolidated |
|
$2.27 - $2.47 |
|
$2.27 - $2.37 |
The revised Avista Utilities range incorporates higher costs under the ERM, which we expect to be a decrease to earnings of $0.08 per diluted share for the year. We expect to be in the 90 percent customer/10 percent Company sharing band. Our guidance assumes timely and appropriate rate relief in all of our jurisdictions.
Posted In: AVA
