SPOKANE, WASHINGTON, July 13, 2023 (GLOBE NEWSWIRE) -- Avista recently signed an agreement with Pine Creek RNG to purchase renewable natural gas (RNG) to be produced at the Bayview Landfill in Elberta, Utah. The Bayview Landfill project is expected to begin production in early 2024 with an expected output of 1.6 million therms annually.
RNG is derived from organic waste streams that would otherwise release methane to the environment as they decompose. These sources include, for example, landfills, wastewater treatment plants and food waste. RNG is produced by capturing that methane that would otherwise escape to the atmosphere and purifying it to make it very similar to conventional natural gas.
Avista has contracted with other Pine Creek projects including the Horn Rapids Landfill owned by the City of Richland and Lamb Weston’s potato processing plant in Richland. Construction is expected to be complete in both projects by the end of 2023 and produce 2.5 million therms of RNG annually. Avista has also contracted with Pine Creek’s project at the Black Hawk County Landfill in Waterloo, Iowa, which is expected to begin production in early 2024 and produce 2.6 million therms annually. The total output of the Pine Creek projects contracted with Avista is an expected 6.7 million therms annually, which is equivalent to the natural gas used by approximately 12,000 Oregon homes.
“These RNG projects help Avista meet our aspirational goals to reduce natural gas emissions 30% by 2030 and to be carbon neutral in our natural gas operations by 2045,” said Jason Thackston, Avista’s chief strategy and clean energy officer. “Additionally, legislative changes have laid the groundwork for utilities, such as Avista, to enter the RNG market as developers, long-term buyers and long-term partners to help grow and mature the RNG market in North America.”
“Pine Creek is pleased to expand our relationship with Avista, who has been an excellent offtake partner on multiple projects” said Kevin Orchard, Pine Creek’s vice president of development. “This latest announcement reflects the continuation of our cooperative and mutually beneficial relationship with Avista. We’re looking forward to additional opportunities to support Avista’s climate goals and expansion into the RNG market.”
Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilities is our operating division that provides electric service to 411,000 customers and natural gas to 377,000 customers. Our service territory covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.7 million. AERC is an Avista subsidiary that, through its subsidiary AEL&P, provides retail electric service to 17,000 customers in the city and borough of Juneau, Alaska. Our stock is traded under the ticker symbol “AVA”. For more information about Avista, please visit www.avistacorp.com.
This news release contains forward-looking statements regarding the company’s current expectations. Forward-looking statements are all statements other than historical facts. Such statements speak only as of the date of the news release and are subject to a variety of risks and uncertainties, many of which are beyond the company’s control, which could cause actual results to differ materially from the expectations. These risks and uncertainties include, in addition to those discussed herein, all of the factors discussed in the company’s and the Quarterly Report on Form 10-Q for the quarter ended Dec. 31, 2022, and its Annual Report on Form 10-K for the year ended Dec. 31, 2022.
Avista Corp. and the Avista Corp. logo are trademarks of Avista Corporation.
SOURCE: Avista Corporation
Media: Annie Gannon, annie.gannon@avistacorp.com
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