Avista's future financing options include long-term debt

By Andrea Heisinger

New York, Nov. 4 - Avista Corp. announced its third-quarter results in a press release and conference call Tuesday along with plans for future financing.

The utility reported net income of $7.4 billion for the quarter, compared to the $3.9 billion loss for the same period last year.

In the press release, the company said it has seen increased borrowing rates and limited access to capital. It is exploring various alternatives to continue to obtain funding at a reasonable cost.

This includes long-term debt, which along with cash flow and common stock issuance, will be used to fund capital expenditures and maturing debt.

The electric and natural gas company is based in Spokane, Wash.

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