Long-time Chief Economist Randy Barcus to retire
May 14, 2012:Avista announced today that
Grant Forsyth has joined the company as its chief
economist. In this role Forsyth will provide economic
forecasts in Avista's three-state service territory for
electric and natural gas usage. Forsyth will take over the
position currently held by Randy Barcus who is retiring in
July.
Forsyth is well-versed in the regional economy having
served as a researcher and professor of economics at
Eastern Washington University for more than a decade. He
also serves on the Washington Governor's Council of
Economic Advisors and the Spokane Mayor's Council on
Economic Policy and Forecasting.
"Grant comes to us with a great skill set as an
academic and private sector researcher and economist," said
Mark Thies, Avista's chief financial officer. "His
abilities will serve Avista well as we consider revenue
forecasts, capital planning, energy resource planning and
regulatory activities."
Forsyth is originally from Ellensburg, Wash., but has
lived and worked in both the United States, and Europe. He
currently lives in Spokane, Wash., with his wife
Sharon.
"I'm very excited about the opportunity to work at
Avista and continue to develop and share economic forecasts
and insights with the communities we serve," Forsyth
said.
Departing Avista is well-known and long-time Chief
Economist Randy Barcus. Barcus will retire this July after
serving in numerous positions at Washington Water Power and
Avista during his 33 years of employment. Barcus plans to
continue teaching economics and statistics at the
collegiate level during his retirement.
"Randy will certainly be missed at Avista," Thies
said. "He is well-respected by his colleagues here and
throughout the energy industry."
Avista Corp. isan energy company
involved in the production, transmission and distribution
of energy as well as other energy-related businesses.
Avista Utilities is our operating division that provides
electric service to 360,000 customers and natural gas to
321,000 customers. Our service territory covers 30,000
square miles in eastern Washington, northern Idaho and
parts of southern and eastern Oregon, with a population of
1.5 million. Avista's primary, non-regulated subsidiary is
Ecova. Our stock is traded under the ticker symbol "AVA."
For more information about Avista, please visit
www.avistacorp.com
.
Avista Corp. and the Avista Corp. logo are trademarks
of Avista Corporation.
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