v3.26.3
Information by Business Segments (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Business Segments

The following table presents information for each of the Company’s business segments (dollars in millions):

 

 

Reportable Segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Avista
Utilities

 

 

Alaska
Electric
Light and
Power
Company

 

 

Total Utility

 

 

Other Non-Reportable Segment Items

 

 

Eliminations (1)

 

 

Total

 

For the three months ended September 30, 2026:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

410

 

 

$

11

 

 

$

421

 

 

$

—

 

 

$

—

 

 

$

421

 

Resource costs

 

 

130

 

 

 

2

 

 

 

132

 

 

 

—

 

 

 

—

 

 

 

132

 

Other operating expenses

 

 

116

 

 

 

5

 

 

 

121

 

 

 

—

 

 

 

—

 

 

 

121

 

Depreciation and amortization

 

 

72

 

 

 

3

 

 

 

75

 

 

 

—

 

 

 

—

 

 

 

75

 

Interest income

 

 

4

 

 

 

—

 

 

 

4

 

 

 

1

 

 

 

—

 

 

 

5

 

Interest expense (2)

 

 

39

 

 

 

1

 

 

 

40

 

 

 

1

 

 

 

—

 

 

 

41

 

Other segment expenses (3)

 

 

22

 

 

 

—

 

 

 

22

 

 

 

2

 

 

 

—

 

 

 

24

 

Income tax expense

 

 

2

 

 

 

—

 

 

 

2

 

 

 

5

 

 

 

—

 

 

 

7

 

Equity method earnings

 

 

—

 

 

 

—

 

 

 

—

 

 

 

23

 

 

 

—

 

 

 

23

 

Net income

 

 

33

 

 

 

—

 

 

 

33

 

 

 

16

 

 

 

—

 

 

 

49

 

Capital expenditures (4)

 

 

182

 

 

 

3

 

 

 

185

 

 

 

—

 

 

 

—

 

 

 

185

 

For the three months ended September 30, 2025:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

394

 

 

$

9

 

 

$

403

 

 

$

—

 

 

$

—

 

 

$

403

 

Resource costs

 

 

115

 

 

 

—

 

 

 

115

 

 

 

—

 

 

 

—

 

 

 

115

 

Other operating expenses

 

 

120

 

 

 

5

 

 

 

125

 

 

 

3

 

 

 

—

 

 

 

128

 

Depreciation and amortization

 

 

70

 

 

 

3

 

 

 

73

 

 

 

—

 

 

 

—

 

 

 

73

 

Interest income

 

 

4

 

 

 

—

 

 

 

4

 

 

 

1

 

 

 

(1

)

 

 

4

 

Interest expense (2)

 

 

38

 

 

 

2

 

 

 

40

 

 

 

—

 

 

 

(1

)

 

 

39

 

Other segment expenses (3)

 

 

22

 

 

 

—

 

 

 

22

 

 

 

—

 

 

 

—

 

 

 

22

 

Income tax expense (benefit)

 

 

3

 

 

 

(1

)

 

 

2

 

 

 

—

 

 

 

—

 

 

 

2

 

Equity method earnings

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1

 

 

 

—

 

 

 

1

 

Net income (loss)

 

 

30

 

 

 

—

 

 

 

30

 

 

 

(1

)

 

 

—

 

 

 

29

 

Capital expenditures (4)

 

 

127

 

 

 

6

 

 

 

133

 

 

 

—

 

 

 

—

 

 

 

133

 

For the nine months ended September 30, 2026:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

1,366

 

 

$

38

 

 

$

1,404

 

 

$

—

 

 

$

—

 

 

$

1,404

 

Resource costs

 

 

461

 

 

 

4

 

 

 

465

 

 

 

—

 

 

 

—

 

 

 

465

 

Other operating expenses

 

 

371

 

 

 

14

 

 

 

385

 

 

 

1

 

 

 

—

 

 

 

386

 

Depreciation and amortization

 

 

201

 

 

 

9

 

 

 

210

 

 

 

—

 

 

 

—

 

 

 

210

 

Interest income

 

 

11

 

 

 

—

 

 

 

11

 

 

 

1

 

 

 

(1

)

 

 

11

 

Interest expense (2)

 

 

116

 

 

 

4

 

 

 

120

 

 

 

2

 

 

 

(1

)

 

 

121

 

Other segment expenses (3)

 

 

70

 

 

 

—

 

 

 

70

 

 

 

7

 

 

 

—

 

 

 

77

 

Income tax expense

 

 

16

 

 

 

2

 

 

 

18

 

 

 

8

 

 

 

—

 

 

 

26

 

Equity method earnings

 

 

—

 

 

 

—

 

 

 

—

 

 

 

46

 

 

 

—

 

 

 

46

 

Net income

 

 

142

 

 

 

5

 

 

 

147

 

 

 

29

 

 

 

—

 

 

 

176

 

Capital expenditures (4)

 

 

496

 

 

 

15

 

 

 

511

 

 

 

—

 

 

 

—

 

 

 

511

 

For the nine months ended September 30, 2025:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

1,398

 

 

$

33

 

 

$

1,431

 

 

$

—

 

 

$

—

 

 

$

1,431

 

Resource costs

 

 

500

 

 

 

1

 

 

 

501

 

 

 

—

 

 

 

—

 

 

 

501

 

Other operating expenses

 

 

364

 

 

 

13

 

 

 

377

 

 

 

4

 

 

 

—

 

 

 

381

 

Depreciation and amortization

 

 

207

 

 

 

9

 

 

 

216

 

 

 

—

 

 

 

—

 

 

 

216

 

Interest income

 

 

10

 

 

 

—

 

 

 

10

 

 

 

1

 

 

 

(2

)

 

 

9

 

Interest expense (2)

 

 

110

 

 

 

5

 

 

 

115

 

 

 

2

 

 

 

(2

)

 

 

115

 

Other segment expenses (3)

 

 

79

 

 

 

—

 

 

 

79

 

 

 

1

 

 

 

—

 

 

 

80

 

Income tax expense (benefit)

 

 

17

 

 

 

1

 

 

 

18

 

 

 

(3

)

 

 

—

 

 

 

15

 

Equity method losses

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(10

)

 

 

—

 

 

 

(10

)

Net income (loss)

 

 

131

 

 

 

4

 

 

 

135

 

 

 

(13

)

 

 

—

 

 

 

122

 

Capital expenditures (4)

 

 

363

 

 

 

16

 

 

 

379

 

 

 

—

 

 

 

—

 

 

 

379

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of September 30, 2026:

 

$

8,210

 

 

$

293

 

 

$

8,503

 

 

$

220

 

 

$

(26

)

 

$

8,697

 

As of December 31, 2025:

 

$

7,917

 

 

$

289

 

 

$

8,206

 

 

$

177

 

 

$

(24

)

 

$

8,359

 
(1)
Intersegment eliminations reported as interest expense represent intercompany interest.
(2)
Including interest expense to affiliated trusts.
(3)
Other segment items include taxes other than income tax, AFUDC equity, and other miscellaneous expenses.
(4)
The capital expenditures for the other businesses are included in other investing activities on the Condensed Consolidated Statements of Cash Flows.