AVISTA CORP
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
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Utility Capital Expenditures
We make capital investments to enhance service and system reliability for customers, replace aging infrastructure and serve increased demand. Actual capital expenditures for Avista Utilities for the year ended December 31, 2025 was $553 million.
The following graph shows Avista Utilities' expected capital expenditures for 2026-2030 by category (in millions):
These estimates include expenditures for the new projects listed within “Item 7. Management's Discussion and Analysis – Executive Overview - 2025 Request for Proposal (RFP)." However, these estimates do not include potential expenditures that could result from integrating a new large load customer, incremental transmission projects like regional grid expansion, or additional generation.
AEL&P
The following table summarizes our actual and expected capital expenditures as of and for the year ended December 31, 2025 (dollars in millions):
| 2025 Actual capital expenditures | |
|---|---|
| Capital expenditures | $17 |
| Expected future annual capital expenditures (by year) | |
| 2026 | $17 |
| 2027 | 16 |
| 2028 | 11 |
Avista Utilities and AEL&P's 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.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.