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AVISTA CORP

For the period ended Dec 31, 2024. Filed Feb 26, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 26, 2025

AVA$40.23-1.7%Stored close · as of Nov 6, 2026

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Utility Capital Expenditures

We make capital investments at our utilities to enhance service and system reliability for our customers and replace aging infrastructure. The following table summarizes our actual and expected capital expenditures as of and for the year ended December 31, 2024 (dollars in millions):

Avista Utilities · AEL&P
2024 Actual capital expenditures
Capital expenditures (per the Consolidated Statement of Cash Flows)$510$23
Expected total annual capital expenditures (by year)
2025$525$12
202657510
202760014

The following graph shows Avista Utilities' expected capital expenditures for 2025-2027 by category (in millions):

These estimates of capital expenditures are subject to continuing review and adjustment. Actual expenditures may vary from our estimates due to factors such as changes in business conditions, construction schedules and environmental requirements. In particular, these estimates do not include expenditures for additional generation or transmission facilities that are contemplated in our IRP but have not been specifically identified and approved.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.