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4-Traders Homepage  >  Equities  >  Nyse  >  Avista Corp    AVA

Delayed Quote. Delayed  - 02/12 04:02:01 pm
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02/12 AVISTA : Light fixtures along I-90 are replaced with LEDs in North I..
02/05 AVISTA : Board Increases Common Stock Dividend
01/28 AVISTA : Interior Energy Project decisions moved back again, to Feb.
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Avista : Light fixtures along I-90 are replaced with LEDs in North Idaho

02/12/2016 | 06:20pm US/Eastern

SPOKANE, Wash. - Feb. 12, 2016: Avista recently provided the Idaho Department of Transportation (DOT) with an $85,411 rebate as part of their Lighting Energy Efficiency Rebate program. The project consisted of replacing over 500 light fixtures with LEDs along Interstate 90 from the borders of Washington to Montana. The main DOT campus on Prairie Avenue was also retrofitted with all new LED lighting. The new LED lighting is expected to save approximately 396,000 kWh annually, amounting to about $30,000 savings annually for taxpayers.

'Not only do LED lights provide for greater visual clarity for the driver, but they are much more efficient than the high pressure sodium lights that we have traditionally used,' said Ryan Hawkins, a traffic engineer for DOT. 'The Department is committed to becoming as efficient as possible and will compound our initial investment by using the rebates earned under these projects to fund additional LED installations.'

Avista provides about $12 million each year in rebates and incentives to help commercial customers save on energy. In 2015, the utility provider processed more than 300 commercial lighting rebate forms.

'The energy savings from this project alone is enough to power about 34 homes for 10 years,' said Avista account executive Sharmon Schmitt. 'We're excited to continue helping organizations like the Departments of Transportation make impactful strides toward energy conservation with this rebate program.'

Commercial customers interested in upgrading their lighting fixtures can learn more about Avista's energy efficiency rebates at avistautilities.com/bizrebates.

Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilitiesis our operating division that provides electric service to 371,000 customers and natural gas to 330,000 customers. Its service territory covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.6 million. Alaska Energy and Resources Company is an Avista subsidiary that provides retail electric service in the city and borough of Juneau, Alaska, through its subsidiary Alaska Electric Light and Power Company. Avista stock is traded under the ticker symbol 'AVA.' For more information about Avista, please visit www.avistacorp.com.

This news release contains forward-looking statements regarding the company's current expectations. Forward-looking statements are all statements other than historical facts. Such statements speak only as of the date of the news release and are subject to a variety of risks and uncertainties, many of which are beyond the company's control, which could cause actual results to differ materially from the expectations. These risks and uncertainties include, in addition to those discussed herein, all of the factors discussed in the company's Annual Report on Form 10-K for the year ended Dec. 31, 2014 and the Quarterly Report on Form 10-Q for the quarter ended Sept. 30, 2015.

Avista Corp. and the Avista logo are trademarks of Avista Corporation.

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Avista Corporation issued this content on 12 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 February 2016 23:19:12 UTC

Original Document: http://avistacorp.mwnewsroom.com/News/in/Light-fixtures-along-I-90-are-replaced-with-LEDs-i

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