avista corp (AVA) Key Developments
Avista Corp. Appoints Janet D. Widmann to its Board of Directors, Effective Aug. 2, 2014
Jul 14 14
Avista Corp. announced that Janet D. Widmann, age 47, has been appointed to the Avista Corp. Board of Directors effective Aug. 2, 2014. She will stand for election to the board at the 2015 annual meeting of shareholders. Ms. Widmann is executive vice president, markets, for Blue Shield of California, a position she has held since 2013. She joined the organization in 2003 to lead the newly formed California Public Employees' Retirement System (CalPERS) division.
Avista Corp. Forms Salix Inc. as its Subsidiary; Appoints Robert Lafferty as President of Salix Inc
Jun 25 14
Avista Corp. reported on June 24, 2014 that it formed Salix Inc., a non-utility subsidiary, for the exploration of domestic markets that could be served with LNG, primarily in the West and Pacific Northwest.
The company reported that Robert Lafferty was appointed president of the new subsidiary.
Avista Corp. Declares Quarterly Dividend Payable June 13, 2014
May 8 14
The board of directors of Avista Corp. has declared a quarterly dividend of $0.3175 per share on the company's common stock. The common stock dividend is payable June 13, 2014, to shareholders of record at the close of business on May 22, 2014.
Avista Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Full Year 2014
May 7 14
Avista Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company operating revenues were $490,962,000 against $482,906,000 a year ago. Income from operations was $93,140,000 against $85,062,000 a year ago. Income before income taxes was $77,157,000 against $68,337,000 a year ago. Net income was $48,981,000 against $43,101,000 a year ago. Net income attributable to the company shareholders was $48,499,000 or $0.81 basic and diluted per share against $42,341,000 or $0.71 basic and diluted per share a year ago.
Based on the results for the first quarter and the company outlook for the remainder of the year 2014, the company confirms earnings guidance for 2014 with a consolidated range of $1.77 to $1.97 per diluted share. The company expects to be near the upper end of consolidated and utility earnings guidance range, including the impacts of the ERM. This range does not include any impact from the planned acquisition of AERC. The guidance, including 2014 guidance, generally includes only normal operating conditions and does not include unusual items such as settlement transactions, impairments or acquisitions/dispositions until the effects are known and certain.
Avista Corp. - Shareholder/Analyst Call
May 7 14
Annual Meeting of Shareholders