Avista Corporation · NYSE:AVA
Avista — Corporate Update (October 2025)
35 slides from Avista's corporate update, Oct 22, 2025
Slide 1: Equity Advisory Group – Equity Lens Session
Session 1: Wednesday, October 22, 2025, 12:00pm Session 2: Friday, October 24, 2025, 07:30am Equity Advisory Group – Equity Lens Session October 2025 | www.myavista.com/ceta and www.myavista.com/eag
Slide 2: Introductions & Agenda
Introductions & Agenda Topic Topic Owner Amber Lenhart, Founder & Principal, Social Welcome, introductions overview of the meeting: rules and intent Impact Partners Northwest Connections/Partner Shares Amber Lenhart Comment & Action Review: Kelly Dengel 2025 Clean Energy Implementation Plan Clean En
Slide 3: Shared Expectations
Shared Expectations ❑ Stay present mentally and physically when possible. ❑ Listen with an open mind and be open to new ideas. ❑ Participate in discussion, share concerns and ideas, and give others space to do so. ❑ Ask questions at any time. Use Zoom’s “raise hand” feature or chat during presentati
Slide 4: Introductions
Introductions We’re so glad you’re here! Please share in the chat: ❑ Your name ❑ Organization or community Optional: Consider including your pronouns in your Zoom name 4 Equity Advisory Group
Slide 5: Today's Equity Lens Session Goals
Today’s Equity Lens Session Goals EAG Equity Lens Session EAG Meeting Goals Meeting Goals: 1. Review questions that were posed at the August EAG on the topic of the Clean Energy Implementation Plan 2. EAG informed about the Named Communities Investment Fund ▪ Provide input on the program 5 Equity Ad
Slide 6: Spectrum of Public Participation
Spectrum of Public Participation 6 Equity Advisory Group
Slide 7: Connection Question
Connection Question Do you have any Fall traditions? 7 Equity Advisory Group
Slide 8: Partner Shares
Partner Shares ▪ Upcoming relevant community events or opportunities ▪ Pressing issues facing our community or a need someone might be able to address ▪ Challenges your organization is facing (especially around equity) 8 Equity Advisory Group
Slide 9: Comment & Action Review: 2025 Clean Energy Implementation Plan
Comment & Action Review: 2025 Clean Energy Implementation Plan Kelly Dengel Clean Energy Policy & Implementation Manager 9 Equity Advisory Group
Slide 10: EAG Comment & Action Review
EAG Comment & Action Review Member Question Response What lessons have been learned from the Iberian Peninsula Grid Shutdown: 2.2-gigawatt outage affecting Spain, Portugal, Iberian Peninsula grid shutdown* in April 2025 Andorra and parts of France ~ 60 million without power for 10 hours relevant to
Slide 11: EAG Comment & Action Review
EAG Comment & Action Review Member Question Response What is the assumption behind focusing on ▪ Assumption: Vulnerable Populations (non-geographic communities) may have a non-geographically defined communities disproportionate and negative energy-related impact relating to energy use and clean ener
Slide 12: EAG Comment & Action Review
EAG Comment & Action Review Member Question Response What is the benefit of CETA to the consumer? Is Environmental & Health: there one, other than Avista gets to stay in ▪ Reduced greenhouse gas production = cleaner air/water business? Transparency: ▪ Community education & engagement Economic & Fina
Slide 13: EAG Comment & Action Review
EAG Comment & Action Review Member Question Response Would Avista consider rejecting projects Washington's EFSEC: permitted through Washington’s Energy ▪ Review & recommend proposed energy facilities Facility Site Evaluation Council (EFSEC) in ▪ Ensures developers/owners follow environmental require
Slide 14: Named Communities Investment Fund
Named Communities Investment Fund Ariana Barrey, Senior Communications Manager Kristine Meyer, Community Investment & Foundation Director and NCIF Program Manager Ana Matthews, Customer Engagement Manager and NCIF Program Manager 14 Equity Advisory Group
Slide 15: Update: Named Communities Investment Fund
Update: Named Communities Investment Fund I. Overview of NCIF II. Process III. Lessons Learned IV. Spreading the Word V. Summary 15 Equity Advisory Group
Slide 16: Named Communities Investment Fund
Named Communities Investment Fund ▪ Specific Action dedicated to the $2M equitable distribution of electric Supplement Energy energy and non-energy benefits Efficiency and reduction in burdens to Named Communities ▪ Funding is limited to $5M annually $3M Community Investments 16 Equity Advisory Grou
Slide 17: Energy Efficiency NCIF
Energy Efficiency NCIF The cleanest energy is the energy that is never used. Supplement and support energy efficiency efforts targeted to Named Communities Health & Safety for Community Identified Multifamily Building Manufactured & Mobile Projects Split Incentive Homes Named Community Community & S
Slide 18: Community NCIF
Community NCIF Community Distribution Identified Resiliency Projects Targeted Outreach & Other Engagement 18 Equity Advisory Group
Slide 19: EAG NCIF Prioritization
EAG NCIF Prioritization Rank Initiatives 1 Focus efforts on improving energy efficiency (and EE awareness/education) for schools, community centers, and other places where Named Communities spend time 1 Focus efforts on improving energy efficiency for Spokane Tribe partners 2 Improve energy efficien
Slide 20: The process
The process 20 Equity Advisory Group
Slide 21: Our Approach
Our Approach I. Assurance for equitable distribution of NCIF awards throughout Avista’s service territory ▪ Committed action toward underserved groups and rural inclusion and development II. Community Identified Projects ▪ Grounds program in community reality ▪ Mechanism for community input and supp
Slide 22: Factors for NCIF Consideration
Factors for NCIF Consideration Customer Benefit Implementation Plan Equity Advisory Group Equity Initiatives Indicators Specific Actions ▪ Affordability (1) Participation in Company ▪ Community Identified Project Energy Efficiency in Named Programs Communities ▪ Access to Clean Energy ▪ Multifamily
Slide 23: Lessons Learned
Lessons Learned ▪ Lead times vary o Capital projects o Equipment supply o Blended funding sources ▪ Organization capacity constraints 23 Equity Advisory Group
Slide 24: Martin Luther King Community Center Resiliency Project
24 Equity Advisory Group 2022 Martin Luther King Community Center Resiliency Project 2022 2023 2024 2025 2026 > Design and Grant Application = Partnership formation = Commerce grant application and award Energy Efficiency Upgrades = Windows and lighting improvements Contracts = Configuration assessm
Slide 25: Spreading the Word
Avista website feature Spreading the Word Partner newsletter feature ▪ General Outreach o Existing Partners o Public Meeting(s) ▪ Communications & Marketing o New NCIF web page o Social media Local media mention o Local news outlets o Customer emails o Quarterly clean energy newsletter o Avista webs
Slide 26: New NCIF Webpage
Visit myavista.com/NCIF New NCIF Webpage ▪ Updated Clean Energy Transformation Act (CETA) webpage in 2025 to enhance user experience, engage visitors, support multiple languages, and comply with regulations. ▪ This led to a new, standalone page for the Named Communities Investment Fund. ▪ This proje
Slide 27: NCIF Social Media Storytelling
NCIF Social Media Storytelling Six partners featured so far! ▪ Year-long story series featuring a new partner (almost) every month. ▪ We share multiple videos about the same nonprofit to help make the story easy to understand and memorable. ▪ Using social media ads to increase reach and target key a
Slide 28: Support for a Video Strategy
Support for a Video Strategy Cost-Effective Option Modern Approach Engaging Format We're averaging cost 91% of consumers 66% of viewers will of 3 cents each time want to see more online watch the entirety of a it appears on videos from brands.1 video if it’s less than someone's feed 60 seconds long.
Slide 29: Story Examples
Story Examples 29 Share and watch all the NCIF Stories on Avista’s YouTube: https://www.youtube.com/playlist?list=PLhTj-kwTtfCBVRQSDNyVLNfhvui9u8dI_
Slide 30: Early Results
Early Results 193,000 Views 43,000 engagements 393 NCIF Page Views This is above This includes likes, 157% increase average for shares, comments to compared to Q1 of 2025. Avista’s typical help us gauge if the social media content is resonating with content. people. 30 Results shown are from Q2 of 2
Slide 31: Summary
Summary Community Energy Distribution Identified Outreach & Efficiency Resiliency Education Other Projects Projects • Lighting • Microgrid • Tree Canopy • Online, • Survey of pilot • Windows Battery Storage (planting and Spanish and participants • HVAC • Solar array software) paper • Critical study
Slide 32: Q&A
Q&A 32
Slide 33: Questions and Discussion
Questions and Discussion ❑ What clarifying questions or curiosities do you have about the presentation? ❑ What disparities, root factors, or inequities (historic and current) are related to this topic? ❑ How could Avista improve engagement strategies related to this topic, if at all? ❑ What new ways
Slide 34: Thank you
Thank you Sign up for our Stay Engaged quarterly newsletter www.myavista.com/ceta Provide input through our public Provide Feedback comment form (anonymous and identified options) Share with your communities 34 Equity Advisory Group
Slide 35: Next EAG Equity Lens Session Meetings
Next EAG Equity Lens Session Meetings Amber Lenhart amber@sip-nw.org Afternoon: 12pm – 1:30pm 509.475.9575 Wednesday, November 19 Ana Matthews Ana.Matthews@avistacorp.com 509.475.7979 Friday, November 21 Avista’s EAG Team Email Morning: 7:30am to ceta@avistacorp.com 9:00am Topic: Demographic Collect