Avista Sees Natural Gas Prices Mirror Record High Crude Oil Prices

Avista Sees Natural Gas Prices Mirror Record High Crude Oil Prices Natural gas prices now 74 percent higher than winter 2007-2008; upcoming winter heating costs will be impacted SPOKANE, Wash., July 2 /PRNewswire-FirstCall/ -- A dramatic rise in energy prices are making this year an especially challenging one for Avista as it continues to procure at the best prices possible the natural gas needed to serve customers during the upcoming 2008-2009 heating season. These higher prices will impact customer rates this fall when annual purchase gas cost adjustments (PGA) are filed with the public utility commissions in Washington, Idaho and Oregon. (Photo: http://www.newscom.com/cgi-bin/prnh/20080702/AQW074) (Logo: http://www.newscom.com/cgi-bin/prnh/20040128/SFW031LOGO) Natural gas historically costs less in the spring and summer... [read full story]