Avista earnings up

Avista Corp. today reported third-quarter net income of $12.3 million, or 22 cents per share, compared to $8.1 million, or 15 cents per share, for the third quarter of 2009.

The natural gas provider for Southern Oregon said the improved bottom line was primarily due to an increase in gross margin spurred by general rate increases and partially due to higher retail loads.

Avista Corp. said it had operating revenue of $367.2 million for the quarter, up from $314.7 million a year earlier.

— Greg Stiles

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