AVISTA CORP
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
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Results of Operations - Alaska Electric Light and Power Company
Net income for AEL&P was $6 million for 2025, compared to $8 million for 2024.
The following table presents AEL&P's operating revenues, resource costs and resulting utility margin for the years ended December 31 (dollars in millions):
| Electric | ||
|---|---|---|
| 2025 | 2024 | |
| Operating revenues | $47 | $50 |
| Resource costs | 2 | 4 |
| Utility margin | $45 | $46 |
Utility margin decreased in 2025 primarily due to lower sales volumes. The decrease in utility margin resulted in a decrease in net income in 2025 compared to 2024. Utility margin is a non-GAAP financial measure. See "Non-GAAP Financial Measures" above.
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