AVISTA CORP.: A Vertically Integrated Electric and Gas Utility
INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 22 March 2017 Update RATINGS Avista Corp. Domicile Spokane, Washington, United States Long Term Rating Baa1 Type LT Issuer Rating Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Ryan Wobbrock 212-553-7104Avista is a holding company. Through its subsidiaries, the company is primarily an electric and natural gas utility with certain other business ventures. The company has two reportable business segments: Avista Utilities, which provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho, as well as natural gas distribution service in parts of northeastern and southwestern Oregon; and Alaska Electric Light and Power Company, which provides electric services in Juneau, AK. The company also has other businesses, including sheet metal fabrication, venture fund investments, real estate investments, as well as certain other investments.
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