AVA — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-05

• Net income for the three months ended March 31, 2026 increased compared to the three months ended March 31, 2025, due to increased utility margin resulting from the effects of our general rate cases and net investment gains at our other businesses compared to net investment losses in the first quart…

• When comparing results from the first quarter of 2026 to the first quarter of 2025, the transfer of our ownership of Colstrip (effective January 1, 2026) has resulted in fluctuations in multiple line items on the income statement, which ultimately net to an immaterial impact on earnings. The removal…

• See the summary of key developments and issues that are the focus of management under the heading “Executive Overview” in the MD&A of our 2025 10-K. The following developments have occurred since that report:

• Due to precipitation and warm weather, our hydroelectric generation year-to-date has been above normal. Due to the warm weather, the average current level of snowpack in the areas serving our hydroelectric facilities is below normal. The amount of hydroelectric generation over the rest of the year w…

• We are planning to implement an ERP system, replacing certain existing technology tools currently in use. The system will be designed to accurately maintain our financial records, enhance operational functionality, and provide timely information to our management team related to business operations.…

Text removed vs the prior filing · source: 10-Q · 2025-11-05

• Net income for the three and nine months ended September 30, 2025 increased compared to the three and nine months ended September 30, 2024, primarily due to the effects of our general rate cases. Partially offsetting the increase were increased operating costs, depreciation and amortization expense …

• Our 2025 electric IRP was filed with the WUTC and IPUC in December 2024, and identified needs for additional generating capacity. In May 2025, we issued a request for proposal to add energy and capacity to meet projected resource needs. During the third quarter, we selected a list of projects to mov…

• We also expect expanded transmission infrastructure will provide access to additional resources and improve reliability in our region. In November 2024, we signed a non-binding memorandum of understanding to join the North Plains Connector transmission line project, that plans to construct a transmi…

• For 2025, we expect generation at our hydro facilities to be approximately 85 percent of normal. To meet summer peak demands, we used additional thermal generation and economic market purchases to offset the decrease in available hydroelectric resources.

• The President of the United States of America has imposed tariffs on certain imported goods and has announced plans to impose tariffs on others. The imposition of tariffs may impact the cost of other equipment and materials that are critical to our business, increasing capital and operating expenses…

Text added vs the prior filing · source: 10-Q · 2026-05-05

• The Company has disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended) (Act) that are designed to ensure that information required to be disclosed in the reports it files or submits under

• the Act is recorded, processed, summarized and reported on a timely basis. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Act is accu…

• There have been no changes in the Company's internal control over financial reporting that occurred during the first quarter of 2026 that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

Text removed vs the prior filing · source: 10-Q · 2025-11-05

• The Company has disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended) (Act) that are designed to ensure that information required to be disclosed in the reports it files or submits under the Act is recorded, processed, …

• There have been no changes in the Company's internal control over financial reporting that occurred during the third quarter of 2025 that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.