Information By Business Segments

9 Months Ended

Sep. 30, 2011

Information By Business Segments [Abstract]

Information By Business Segments

NOTE 12. INFORMATION BY BUSINESS SEGMENTS

The business segment presentation reflects the basis used by the Company's management to analyze performance and determine the allocation of resources. Avista Utilities' business is managed based on the total regulated utility operation. Ecova (formerly Advantage IQ) is a provider of energy efficiency and cost management programs and services for multi-site customers throughout North America. The Other category, which is not a reportable segment, includes sheet metal fabrication, venture fund investments and real estate investments, Spokane Energy, as well as certain other operations of Avista Capital.

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

								Total
	Avista							Non-		Intersegment
	Utilities		Ecova		Other			Utility		Eliminations (1)			Total
For the three months ended September 30, 2011:
Operating revenues	$	302,001	$	32,228	$	9,931		$	42,159	$	(450	)	$	343,710
Resource costs		171,393		—		—			—		—			171,393
Other operating expenses		60,579		23,790		8,386			32,176		(450	)		92,305
Depreciation and amortization		26,341		1,784		180			1,964		—			28,305
Income from operations		26,859		6,654		1,365			8,019		—			34,878
Interest expense (2)		17,639		71		1,150			1,221		(5	)		18,855
Income taxes		1,546		2,416		(245	)		2,171		—			3,717
Net income (loss) attributable to Avista Corporation		7,582		3,467		(347	)		3,120		—			10,702
Capital expenditures		69,716		897		233			1,130		—			70,846
For the three months ended September 30, 2010:
Operating revenues	$	331,542	$	25,568	$	16,813		$	42,381	$	(6,751	)	$	367,172
Resource costs		201,113		—		—			—		—			201,113
Other operating expenses		59,961		18,021		14,592			32,613		(6,751	)		85,823
Depreciation and amortization		24,918		1,498		234			1,732					26,650
Income from operations		29,708		6,049		1,987			8,036		—			37,744
Interest expense (2)		17,708		15		1,348			1,363		(66	)		19,005
Income taxes		2,616		2,238		176			2,414		—			5,030
Net income attributable to Avista Corporation		9,058		2,936		352			3,288		—			12,346
Capital expenditures		57,798		293		57			350		—			58,148
For the nine months ended September 30, 2011:
Operating revenues	$	1,060,571	$	91,207	$	30,425			$121,632	$	(1,350	)	$	1,180,853
Resource costs		575,290		—		—			—		—			575,290
Other operating expenses		188,961		72,220		24,711			96,931		(1,350	)		284,542
Depreciation and amortization		78,600		5,086		587			5,673		—			84,273
Income from operations		156,199		13,901		5,127			19,028		—			175,227
Interest expense (2)		52,134		206		3,912			4,118		(382	)		55,870
Income taxes		35,857		5,005		75			5,080		—			40,937
Net income (loss) attributable to Avista Corporation		68,733		7,016		(128	)		6,888		—			75,621
Capital expenditures		169,598		2,173		557			2,730		—			172,328
For the nine months ended September 30, 2010:
Operating revenues	$	1,081,690	$	74,725	$	47,337			$122,062	$	(19,432	)	$	1,184,320
Resource costs		628,864		—		—			—		—			628,864
Other operating expenses		174,044		57,732		41,724			99,456		(19,432	)		254,068
Depreciation and amortization		73,890		4,522		780			5,302		—			79,192
Income from operations		150,013		12,471		4,833			17,304		—			167,317
Interest expense (2)		53,415		68		4,243			4,311		(188	)		57,538
Income taxes		34,243		4,576		(87	)		4,489		—			38,732
Net income (loss) attributable to Avista Corporation		60,898		5,895		(97	)		5,798		—			66,696
Capital expenditures		138,083		994		306			1,300		—			139,383
Total Assets:
As of September 30, 2011	$	3,607,397	$	246,220	$	114,969		$	361,189	$	—		$	3,968,586
As of December 31, 2010	$	3,589,235	$	221,086	$	129,774		$	350,860	$	—		$	3,940,095

(1) Intersegment eliminations reported as operating revenues and resource costs represent intercompany purchases and sales of electric capacity and energy. Intersegment eliminations reported as interest expense represent intercompany interest.

(2) Including interest expense to affiliated trusts.