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Commodities

Avista Q1 Energy Volumes Drop Across Segments Amid Softer Demand

Avista (AVA) reported Q1 earnings Tuesday, with electricity and natural gas volumes declining as milder weather reduced demand, with residential usage down 10% and commercial down 6%.The company reported total residential electricity sales through its operating unit, Avista Utilities, at 1.15 gigawatt-hours, down from 1.27 GWh a year earlier.Electricity sales to the commercial sector were 768 megawatt-hours for the quarter ended March 31, compared with 808 MWh a year earlier.The company reported industrial electricity sales for 455 MWh for the quarter, down from 469 MWh a year earlier, while wholesale sales were 912 MWh, down from 951 MWh a year earlier.The company reported total residential natural gas sales through its operating unit, Avista Utilities, of 8,490.7 billion British thermal units delivered, down from 9,888.1 billion Btu delivered a year earlier.Commercial natural gas sales were 5,116.1 billion Btu delivered for the quarter ended March 31, compared with 5,961.9 billion Btu delivered a year earlier.The company reported wholesale natural gas volumes of 5,446.1 billion Btu delivered in Q1, down from 6,752.8 billion Btu delivered a year earlier.Other natural gas volumes were 5,446.1 billion Btu delivered for the quarter, compared with 5,401.9 billion Btu delivered a year earlier.Avista is also advancing a new enterprise resource planning system targeted for completion in 2028, with estimated capital expenditures of about $130 million to enhance operational efficiency and financial reporting capabilities.Price: $40.81, Change: $+0.25, Percent Change: +0.62%

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Commodities

NWS Warns of Severe Storms in Midwest, Potentially Reaching into Central, Southern Plains

The US National Weather Service said severe storms would reach the Midwest on Tuesday afternoon or evening, potentially threatening the central and southern plains also.Thunderstorms were also expected on Tuesday and Wednesday across Texas and the mid-South with potentially damaging winds, large hail, tornadoes and floods.There were freeze warnings in Idaho covering Rexburg, Rigby, Idaho Falls and Pocatello.The main power providers in the state are Idacorp (IDA) unit Idaho Power, Avista Utilities (AVA) and PacifiCorp unit Rocky Mountain Power.There was also a freeze warning for Riverton, Casper, Buffalo, Worland, Grey Bull, Cody and Lander in Wyoming where the main electricity provider is Rocky Mountain Power.In New York state, there was a red flag warning for potential thunderstorms covering Poughkeepsie, Montecello and Albany.The main power provider in the affected areas is Eversource Energy (ES).

$AVA$ES$IDA
Commodities

NWS Warns of Severe Thunderstorms in Central, Southern Plains; Flooding in Upper Great Lakes Region

The US National Weather Service on Thursday said the Central/Southern Plains are expected to experience severe thunderstorms on Friday, while the Upper Great Lakes region is likely to see continued flooding impacts through the weekend.The Plains and the mid-Atlantic regions will continue to experience fire weather concerns, while late-season snow is expected over the Northern/Central Rockies and the Northern Plains.The NWS issued a red flag warning early Friday for Silver City, Antelope Wells, Lordsburg, Deming, Hatch, Las Cruces, Orogrande, Alamogordo, Cloudcroft, Truth or Consequences, Glenwood, Ruidoso, Raton, Clayton, Roy, Las Vegas, Tucumcari, Clovis, Portales, Socorro, Santa Rosa, Moriarty, Albuquerque, and Santa Fe. TXNM Energy (TXNM) unit Public Service Co. of New Mexico and Xcel Energy (XEL) are among the primary electricity suppliers in the state.In Texas, a similar warning was raised for Perryton, Dumas, Borger, Pampa, Amarillo, Hereford, Plainview, Dimmitt, Lubbock, Littlefield, Morton, Childress, Matador, Post, and Clarendon in Texas. A freeze warning was issued for Dalhart. These places are primarily served by American Electric Power's (AEP) Texas unit and Xcel Energy.Oklahoma's Beaver, Alva, Woodward, Gage, Clinton, and Elk City were also placed under a red flag warning watch, while Boise City and Guymon were covered under a freeze warning alert. OGE Energy (OGE) unit Oklahoma Gas & Electric and American Electric Power subsidiary Public Service Co. of Oklahoma are the major electric utility service providers in the state.The NWS also issued a red flag warning for Colorado's San Luis, Alamosa, South Fork, and Saguache. Meanwhile, a freeze warning was raised for Colorado Springs, Limon, La Junta, Kim, Springfield, Trinidad, La Veta Pass, Pueblo, Eads, Wray, Flagler, Cheyenne Wells, Pikes Peak, Denver, Boulder, Greeley, Fort Collins, Castle Rock, Deer Trail, Newcastle, Julesburg, Sterling, Boulder, Akron, Deer Trail, Cortez, Pagosa Springs, Durango, Nucla, Montrose, Grand Junction, Rifle, Rangely, Meeker, and Craig.The state is primarily served by Xcel Energy and Black Hills (BKH) unit Black Hills Energy.A freeze warning was also raised for Utah's Brigham City, Ogden, Salt Lake City, Tooele, Provo, Nephi, Delta, Manti, Richfield, Milford, Cedar City, Bluff, Blanding, Green River, Moab, Escalante, Capitol Reef National Park, Price, Duchesne, and Vernal. PacifiCorp's Rocky Mountain Power is the major service provider in the state.In Idaho, a freeze warning was issued for Lewiston, Caldwell, Boise, Mountain Home, Jeronte, Twin Falls, Shoshone, Arco, Pocatello, Blackfoot, Idaho Falls, Rigby, and Rexbury, primarily served by Idacorp's (IDA) Idaho Power and Rocky Mountain Power.Also covered under a freeze warning watch were Washington's Wenatchee, Moses Lake, Ellensburg, Yakima, Sunnyside, Pasco, Connell, Walla Walla, Chelan Coulee Dam, and Ritzville. Puget Sound Energy, PacifiCorp's Pacific Power, and Avista (AVA) unit Avista Utilities are among the major electricity service providers in the state.Oregon's Cave Junction, Gold Beach, Ashland, Medford, Grants Pass, Shady Cove, Cottage Grove, Corbett, Albany, Sweet Home, Eugene, Salem, Molalla, and The Dalles. Pacific Power is among the service providers in these places.In California, California's Gasquet, Crescent City, Trinidad, Willow Creek, Weaverville, Fortuna, Eureka, Garberville, Shelter Cove, Willits, Ukiah, Lakeport, Portola, Bieber, Susanville, and Cedarville. These places are primarily served by Pacific Power and PG&E (PCG) unit Pacific Gas and Electric Company.A similar warning was issued for Nevada's Lovelock, Fallon, Carson City, Reno, Hawthorne, Winnemucca, and Gerlach, which fall under the service area of Berkshire Hathaway Energy unit NV Energy.Also placed under a freeze warning watch were Wyoming's Cody, Greybull, Worland, Riverton, Lander, and Thermopolis. Meanwhile, a winter storm warning was issued for Jackson, Dubois, and Pinedale, primarily served by Rocky Mountain Power.The NWS issued a flood warning for Michigan's Muskegon, Alma, Grand Rapids, Hastings, Ionia, Lansing, Pentwater, Saginaw, Petoskey, Rogers City, Alpena, Gaylord, Mio, Traverse City, Houghton Lake, Tawas Lake, Cadillac, Houghton, Marquette, Iron Mountain, Escanaba, and Menominee. CMS Energy (CMS) unit Consumers Energy, DTE Energy, WEC Energy Group (WEC) subsidiaries Upper Michigan Energy Resources and We Energies, Upper Peninsula Power Company, and Xcel Energy are among the major service providers in these places.In Wisconsin, flood warning were raised for Janesville, Kenosha, Prairie Du Chien, Wisconsin Dells, Milwaukee, Appleton, Madison, Beaver Dam, Stevens Point, Green Bay, and Rockford. WEC Energy Group's Wisconsin Public Service, Xcel Energy, and Alliant Energy (LNT) are among the major service providers in the state.Flood warnings were also issued for certain parts of Minnesota, Iowa, Missouri, Illinois, Indiana and Ohio.

$AEP$AVA$BKH$CMS$IDA$LNT$OGE$PCG$TXNM$WEC$XEL