Movers & Shakers November 23, 2010
Hagadone Marine Group announces new employees
Doreen Mack has joined Hagadone Marine Group as moorage/storage manager. She will help with boaters' needs at the Silver Beach Marina, Resort Boardwalk Marina and Blackwell Island Marina, as well as indoor or outdoor storage.
Born and raised in the Coeur d'Alene area, Mack has nearly 25 years of experience with the Hagadone Corp. She enjoys organic gardening as well as running, biking and rowing.
Chris Craig has joined the sales department at Yacht Club Sales and Service, a division of Hagadone Marine Group. As a former professional rider on the wakeboard circuit, and the crew member of a 230-foot private yacht, he has spent his life on the water. His experience in the wakeboarding business is particularly suited to his Malibu boat customers.
Cd'A chamber legislative send-off luncheon is Dec. 15
The Coeur d'Alene Chamber of Commerce announced the legislative send-off luncheon will be Dec. 15 at the White House at 805 E. Sherman Ave.
The event will be from 11:30 a.m. to 1 p.m.
The luncheon includes an opportunity for individuals to meet the four new legislators elected from local districts.
The program will include the presentation of the Coeur d'Alene and Post Falls chambers' legislative agendas.
These agendas include the priorities that each group sees for the coming session. The program also will include a presentation from the region's legislators.
The cost for the event is $30 per person, or $40 for non-members, and the RSVP deadline is Dec. 3.
Information: (208) 664-3194
Avista reaches settlement on Washington rate increase
Avista Corp. received approval from the Washington Utilities and Transportation Commission on the all-party settlement agreement, concluding the company's electric and natural gas rate request in Washington. New customer rates will be effective Dec. 1.
The new prices reflect an overall electric increase of 7.2 percent in billed rates and a natural gas increase of 3.2 percent in billed rates. These rates are designed to increase annual electric revenues by $29.5 million and natural gas annual revenues by $4.6 million. The approved overall rate of return is 7.91 percent with a common equity ratio of 46.5 percent and a 10.2 percent return on equity.
"Avista is committed to providing our customers with the safe, reliable energy they need at a fair price," said Avista Chairman, President and Chief Executive Officer Scott L. Morris. "We are pleased the commission recognized the need for our retail rates to reflect the increased costs necessary to operate and maintain our energy delivery system."
When the new prices become effective, a residential customer will see an increase of $5.62, or 7.8 percent, for each 1,000 kilowatt-hours of electricity used per month. A residential natural gas customer will see an increase of $2.17, or 3.6 percent, for each 69 therms used per month. Avista serves more than 234,000 electric and nearly 147,000 natural gas customers in Washington.
Funding for Avista's Low-Income Ratepayer Assistance Program (LIRAP), which provides energy assistance for qualifying customers, will increase by 7.4 percent or $0.71 a month for electric customers and 2.9 percent or $0.62 a month for natural gas customers. With this increase, the annual funding level for electric low-income customers will be approximately $3.3 million and approximately $1.7 million for natural gas customers.
The approval will also allow Avista to increase funding for its low-income weatherization program by $500,000, making a total of $2 million in assistance available to help qualifying customers improve the energy efficiency of their homes.
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