Avista announces staff changes, releases third quarter results

Avista transitions, financial results

Avista Corp. announces that Heather Rosentrater is the new vice president, energy delivery and customer service, replacing Don Kopczynski, who announced his retirement.

Rosentrater will be responsible for Avista’s electric and natural gas engineering, operations and customer service.  She has worked for the company 19 years and has a degree in electrical engineering from Gonzaga University.

“Heather’s proven engineering and leadership experience paves the way for a smooth transition,” said Scott Morris, chairman of the board, president and chief executive officer. “She is a valuable addition to the officer team as we continue moving forward with new technologies and company growth.”

Kopczynski’s retirement will be effective Dec. 1. He has worked for the company 36 years.

In addition, Avista recently reported net income from continuing operations attributable to Avista Corp. shareholders of $12.7 million for the third quarter of 2015, compared to $10.5 million for the third quarter of 2014. For the nine months ended Sept. 30, 2015, net income was $84.2 million, compared to $89.2 million for the same period in 2014.

Specific to electric revenues in the third quarter of 2015, Avista reported an $8.6 million increase in retail electric revenues due to higher electric loads resulting from favorable weather and due to a general rate increase in Washington. Electric revenues decreased $2.2 million due to the new decoupling mechanism in Washington and $2.1 million due to the provision for earnings sharing in Washington and Idaho.

Avista Corp., through its Avista Utilities operating division, provides electric service to 371,000 customers and natural gas to 330,000 customers in a service territory that covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs