Avista submits 2025 Electric Integrated Resource Plan
Avista Corp. (NYSE: AVA) has submitted its 2025 Electric Integrated Resource Plan (IRP) to regulatory commissions in Washington and Idaho. The plan outlines the company's 20-year strategy for meeting electricity demand growth, projected at 0.9% annually with winter peak demand growing at 1.14%.
Key elements include adding new renewable resources like wind and solar by 2030, continuing energy efficiency programs that will reduce demand growth by 32% over 20 years, and implementing demand response programs to reduce peak demand by up to 4%. The company plans to issue an All-Source Request for Proposals (RFP) in May to secure both capacity and renewable resources.
The IRP confirms Avista's commitment to meet Washington's Clean Energy Transformation Act requirements for greenhouse gas neutrality by 2030. The plan also identifies the need for reliable generation resources, either through new natural gas generation or energy storage, and includes the proposed North Plains Connector transmission line as a preferred resource alternative.
Avista Corp. (NYSE: AVA) ha presentato il suo Piano Integrato delle Risorse Elettriche (IRP) per il 2025 alle commissioni di regolamentazione di Washington e Idaho. Il piano delinea la strategia ventennale dell'azienda per soddisfare la crescita della domanda di elettricità, proiettata a 0,9% annuo con una crescita della domanda di picco invernale del 1,14%.
Gli elementi chiave includono l'aggiunta di nuove risorse rinnovabili come vento e sole entro il 2030, il proseguimento dei programmi di efficienza energetica che ridurranno la crescita della domanda del 32% in 20 anni, e l'implementazione di programmi di risposta alla domanda per ridurre la domanda di picco fino al 4%. L'azienda prevede di emettere una Richiesta di Proposte (RFP) All-Source a maggio per assicurarsi sia capacità che risorse rinnovabili.
L'IRP conferma l'impegno di Avista a soddisfare i requisiti della Clean Energy Transformation Act di Washington per la neutralità delle emissioni di gas serra entro il 2030. Il piano identifica anche la necessità di risorse di generazione affidabili, sia attraverso nuova generazione a gas naturale che stoccaggio energetico, e include la proposta della linea di trasmissione North Plains Connector come alternativa di risorsa preferita.
Avista Corp. (NYSE: AVA) ha presentado su Plan Integrado de Recursos Eléctricos (IRP) para 2025 ante las comisiones reguladoras de Washington e Idaho. El plan describe la estrategia de la empresa para los próximos 20 años para satisfacer el crecimiento de la demanda eléctrica, proyectado en 0,9% anual, con un aumento de la demanda máxima en invierno del 1,14%.
Los elementos clave incluyen la adición de nuevos recursos renovables como viento y solar para 2030, la continuación de programas de eficiencia energética que reducirán el crecimiento de la demanda en un 32% en 20 años, y la implementación de programas de respuesta a la demanda para reducir la demanda máxima hasta un 4%. La empresa planea emitir una Solicitud de Propuestas (RFP) All-Source en mayo para asegurar tanto capacidad como recursos renovables.
El IRP confirma el compromiso de Avista de cumplir con los requisitos de la Ley de Transformación de Energía Limpia de Washington para la neutralidad de gases de efecto invernadero para 2030. El plan también identifica la necesidad de recursos de generación confiables, ya sea a través de nueva generación a gas natural o almacenamiento de energía, e incluye la propuesta de la línea de transmisión North Plains Connector como una alternativa de recurso preferida.
Avista Corp. (NYSE: AVA)는 워싱턴과 아이다호의 규제 당국에 2025년 전기 통합 자원 계획(IRP)을 제출했습니다. 이 계획은 연간 0.9%로 예상되는 전기 수요 성장과 겨울 피크 수요가 1.14% 성장할 것이라는 20년 전략을 설명합니다.
핵심 요소에는 2030년까지 풍력 및 태양광과 같은 새로운 재생 자원 추가, 20년 동안 수요 증가를 32% 줄이는 에너지 효율 프로그램 계속 실시, 피크 수요를 최대 4% 줄이기 위한 수요 반응 프로그램 구현이 포함됩니다. 회사는 용량과 재생 자원을 확보하기 위해 5월에 All-Source 제안 요청(RFP)을 발행할 계획입니다.
IRP는 아비스타가 2030년까지 온실가스 중립성을 위한 워싱턴의 청정 에너지 전환 법 요구 사항을 충족하겠다는 의지를 확인합니다. 이 계획은 또한 새로운 천연가스 발전 또는 에너지 저장을 통한 신뢰할 수 있는 발전 자원의 필요성을 식별하며, 선호하는 자원 대안으로 제안된 노스 플레인스 커넥터 송전선이 포함됩니다.
Avista Corp. (NYSE: AVA) a soumis son Plan Intégré de Ressources Électriques (IRP) pour 2025 aux commissions réglementaires de Washington et d'Idaho. Le plan décrit la stratégie de l'entreprise sur 20 ans pour répondre à la croissance de la demande électrique, estimée à 0,9% par an, avec une augmentation de la demande de pointe en hiver de 1,14%.
Les éléments clés incluent l'ajout de nouvelles ressources renouvelables telles que le vent et le solaire d'ici 2030, la poursuite des programmes d'efficacité énergétique qui réduiront la croissance de la demande de 32% sur 20 ans, et la mise en œuvre de programmes de réponse à la demande pour réduire la demande de pointe jusqu'à 4%. L'entreprise prévoit de publier en mai une Demande de Propositions (RFP) All-Source pour sécuriser à la fois la capacité et les ressources renouvelables.
L'IRP confirme l'engagement d'Avista à respecter les exigences de la Loi sur la Transformation de l'Énergie Propre de Washington concernant la neutralité des gaz à effet de serre d'ici 2030. Le plan identifie également la nécessité de ressources de génération fiables, soit par de nouvelles centrales à gaz naturel, soit par le stockage d'énergie, et inclut la ligne de transmission North Plains Connector proposée comme alternative de ressources privilégiée.
Avista Corp. (NYSE: AVA) hat seinen integrierten Elektrizitätsressourcenplan (IRP) für 2025 bei den Regulierungsbehörden in Washington und Idaho eingereicht. Der Plan skizziert die 20-Jahres-Strategie des Unternehmens zur Deckung des Elektrizitätsbedarfs, der mit 0,9% jährlich und einem Wachstum des Winterhöchstbedarfs von 1,14% prognostiziert wird.
Zu den wichtigsten Elementen gehören die Hinzufügung neuer erneuerbarer Ressourcen wie Wind und Solar bis 2030, die Fortführung von Energieeffizienzprogrammen, die das Nachfragewachstum in 20 Jahren um 32% reduzieren werden, und die Umsetzung von Programmen zur Nachfragesteuerung, um den Höchstbedarf um bis zu 4% zu senken. Das Unternehmen plant, im Mai eine All-Source-Anfrage für Vorschläge (RFP) auszugeben, um sowohl Kapazitäten als auch erneuerbare Ressourcen zu sichern.
Der IRP bestätigt die Verpflichtung von Avista, die Anforderungen des Clean Energy Transformation Act von Washington zur Neutralität der Treibhausgasemissionen bis 2030 zu erfüllen. Der Plan identifiziert auch den Bedarf an zuverlässigen Erzeugungsressourcen, sei es durch neue Erdgasgeneration oder Energiespeicherung, und umfasst die vorgeschlagene North Plains Connector-Übertragungsleitung als bevorzugte Ressourcenalternative.
- Energy efficiency programs will reduce demand growth by 32% over 20 years
- Clear path to meet Washington's Clean Energy Transformation Act requirements by 2030
- Structured plan for renewable energy expansion through wind and solar resources
- Need for significant capital investment in new generation and transmission infrastructure
- Increasing customer demand requiring additional resource acquisition
- Potential reliance on natural gas generation despite clean energy goals
Insights
Will issue Request for Proposals (RFP) to ensure reliable service in the future
SPOKANE, Wash., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Avista Utilities, an operating division of Avista Corp. (NYSE: AVA), has filed its 2025 Electric Integrated Resource Plan (IRP) with the Washington Utilities and Transportation Commission and the Idaho Public Utilities Commission. Avista produces an electric IRP every two years detailing projected growth in electricity demand and the new resources needed to serve customers over the next 20 years.
The electric IRP balances resource requirements to meet Avista’s clean energy targets while maintaining a reliable and cost-effective resource mix. The plan includes adding new renewable resources including wind and solar through contract or ownership by the end of the decade and calls for continuing Avista’s long history of offering energy efficiency programs to help offset demand growth. To ensure adequate system supply, Avista will also need reliable generation resources including either new natural gas generation or energy storage by the end of the decade. The plan also recommends starting demand response programs designed to work with customers to lower their demand when the system is experiencing peak loads.
"Avista's 2025 Electric IRP demonstrates a continued commitment to a clean and affordable energy future for our customers," said Scott Kinney, Avista’s vice president of energy resources and integrated planning. "The IRP also reveals the importance of maintaining and modernizing current infrastructure and the need to acquire new resources to meet customer growth. To address this need, Avista will issue an All-Source Request for Proposals (RFP) in May that we expect will identify both capacity and renewable resources to ensure reliable service in the future.”
Some highlights of the 2025 IRP include:
- Due to customer growth, Avista will need to acquire additional electricity generation in the near future from renewable resources.
- Customer energy demand is expected to grow
0.9% per year and winter peak demand by1.14% per year. - Energy Efficiency reduces future demand growth by
32% over 20 years. - Demand Response programs reduce peak demand by up to
4% . - Identifies the proposed North Plains Connector transmission line as a preferred resource alternative along with other transmission upgrades in the inland northwest.
- Avista is projected to meet Washington’s Clean Energy Transformation Act (CETA) requirements to be greenhouse gas neutral with Washington’s electric supply by 2030.
- Meeting CETA’s 2045 targets will require significant energy transformation including maintaining our existing hydro system and acquiring new resources using hydrogen-based fuels, wind, solar, nuclear, and long and short term energy storage.
IRP Process
Each IRP is a thoroughly researched and data-driven document identifying a resource strategy to meet customer needs while balancing costs and risk measures with environmental goals and mandates. Avista’s professional energy analysts use sophisticated modeling tools and input from over 75 participants to develop each plan. The participants in the public process include customers, environmental organizations and business groups, elected officials and utility commission staff. Avista also hosted two public participation meetings open to all customers in November 2024.
More information on Avista’s diverse energy mix and the IRP is available at myavista.com/IRP.
About Avista Corp.
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 the operating division that provides electric service to 418,000 customers and natural gas to 382,000 customers. Its service territory covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.7 million. Alaska Energy and Resources Company is an Avista subsidiary that provides retail electric service to 18,000 customers in the city and borough of Juneau, Alaska, through its subsidiary Alaska Electric Light and Power Company. Avista stock is traded under the ticker symbol "AVA." For more information about Avista, please visit 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 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, 2023 and the Quarterly Report on Form 10-Q for the quarter ended Sept. 30, 2024.
Avista Corp. and the Avista Corp. logo are trademarks of Avista Corporation.
SOURCE: Avista Corporation
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FAQ
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