AVISTA CORP
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
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Pension Plan
We contributed $10.0 million to the pension plan in 2023. We expect to contribute a total of $50.0 million to the pension plan in the period 2024 through 2028, with an annual contribution of $10.0 million.
The final determination of pension plan contributions for future periods is subject to multiple variables, most of which are beyond our control, including changes to the fair value of pension plan assets, changes in actuarial assumptions (in particular the discount rate used in determining the benefit obligation), or changes in federal legislation. We may change our pension plan contributions in the future depending on changes to any variables, including those listed above.
See “Note 12 of the Notes to Consolidated Financial Statements” for additional information regarding the pension plan.
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