MoUJun 2, 2026, 05:07 PM
Avista Corp Signs MOU for 125MW Initial Load, Expanding to 500MW
AI Summary
Avista Corporation has entered into a non-binding memorandum of understanding (MOU) with a developer in its Washington service territory for a large load electric service. The customer is seeking an initial load demand of 125 megawatts (MW) starting in 2029, with a potential expansion to 500 MW by 2032. This project is subject to further evaluation, regulatory review, and the execution of definitive agreements, with the next step being the negotiation of an Engineering and Procurement Contract.
Key Highlights
- Avista Corp signed a non-binding MOU with a developer for large load electric service.
- Customer seeks an initial load demand of 125 megawatts (MW) starting in 2029.
- Pathway to expand to 500 MW by 2032, subject to evaluation and regulatory review.
- Next step involves negotiating an Engineering and Procurement Contract with financial assurances.
- Project aims to provide net benefits to existing customers and support regional economic development.
- Final terms require approval from the Washington Utilities and Transportation Commission.
Price Impact
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