Avista Corporation · NYSE:AVA
Avista — Corporate Update (January 2026)
40 slides from Avista's corporate update, Jan 21, 2026
Slide 1: Equity Advisory Group – Equity Lens Session
Session 1: Wednesday, January 21, 2026, 12:00pm Session 2: Friday, January 23, 2026, 07:30am Equity Advisory Group – Equity Lens Session January 2026 | www.myavista.com/eag
Slide 2: Agenda
Agenda Topic Presenter Welcome, introductions, agenda, and shared expectations Amber Lenhart, Facilitator Connections/Partner Shares Connections/Partners Amanda Ghering, Regulatory Affairs Regulatory Update Manager Ana Matthews, Customer Engagement Equity Advisory Group Kicking Off 2026 Manager Revi
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: • Vladimir Kronin, Pilgrim Slavic Baptist Church • George C. Dahl, Spokane
• Vladimir Kronin, Pilgrim Slavic Baptist Church • George C. Dahl, Spokane County Housing and Community Development 5 Equity Advisory Group
Slide 6: Spectrum of Public Participation
Spectrum of Public Participation 6 Equity Advisory Group
Slide 7: Today's Equity Lens Session Goals
Today’s Equity Lens Session Goals Inform members about the Involve EAG members to Inform and collaborate with Equity Advisory Group's explore and share their EAG members around (EAG) purpose and questions, perspectives, priorities for the Named how it functions. and desires about the Communities Inv
Slide 8: Connection Question
Connection Question Do you set resolutions for the new year? If so, what are some of your resolutions this year? If not, do you have other traditions entering a new year? 8 Equity Advisory Group
Slide 9: Partner Shares
Partner Shares • Do you have a "win" to celebrate? • What upcoming events or opportunities do you want to share with other EAG members and their communities? • What pressing issues or needs are you hearing about in your communities or organizations that we should consider or work together to address
Slide 10: Regulatory Update
Regulatory Update Amanda Ghering | Regulatory Affairs Manager 10 Equity Advisory Group
Slide 11: Avista's Regulatory Model
Avista’s Regulatory Model Washington Investor-Owned Utility Compliance with State Laws & Policies Customers State Commissions Safe, Reliable Determines Compliance & & Affordable Energy Sets Customer Rates 11 Equity Advisory Group
Slide 12: How Are Rates Set
How Are Rates Set 11-Month Process in Washington Avista 101: Rates - YouTube 12 Equity Advisory Group
Slide 13: Who Participates?
Who Participates? Commission reviews and determines: • 3 Commissioners (Appointed by the Governor) prudency, safety, and • Commission Staff reliability • Avista • Consumer Advocates • Public Council • Industrial/Commercial fair, just, reasonable, • Low-Income affordable, and equitable • Environmenta
Slide 14: Why Are We Proposing Updated Rates?
Why Are We Proposing Updated Rates? Power Generation and Regional Growth and Infrastructure Upgrades Supply Reliability Wildfire Safety and Technology Clean Energy Compliance Prevention Improvements 14 Equity Advisory Group
Slide 15: Avista Resources
Avista Resources Bill assistance programs. Our refreshed programs, including My Energy Discount, make it easier for customers to get help—tens of thousands already have. Flexible payment options. Customers can choose plans like Comfort Level Billing, budget alerts, and payment arrangements to stay o
Slide 16: Avista Resources
Avista Resources Your Energy Dollars at Work | Avista Your Energy Dollars at Work | Avista Washington bill assistance Washington bill assistance Conserve energy & save | Avista Conserve energy save | Avista Customer Service 1-800-227-9187 16 Equity Advisory Group
Slide 17: Avista's Equity Advisory Group
Avista’s Equity Advisory Group Ana Matthews | Customer Engagement Manager 17 Equity Advisory Group
Slide 18: WAC 480-100-655 Public Participation in Clean Energy Plan
WAC 480-100-655 Public Participation in Clean Energy Plan Integration of Inclusive Public Input Representation Meetings Ongoing Transparency Documented Engagement of Materials Feedback 18 Equity Advisory Group
Slide 19: Equity Advisory Group Purpose & Role
Equity Advisory Group Purpose & Role Engagement forum for dialogue Avista’s EAG provides a forum for interested parties to engage with the Company through meaningful dialogue to ensure that customer initiatives and company programs do not Equity disproportionately impact Named Communities represent
Slide 20: Inform, Consult, Involve
Inform, Consult, Involve Top Topics Frequently Discussed Customer Benefit Indicators Equity in Capital Planning Named Communities Investment Fund Condition #10 Clean Energy Implementation Plan (CEIP) Public Participation Bill Assistance 20 Equity Advisory Group
Slide 21: Group Activity Timeline
Group Activity Timeline Public 2026 Topics Group Formation Participation ➢ EAG Communication Customer Benefit Indicators and Vulnerable Named Communities & Clean Energy Materials Population Characteristics Investment Fund Implementation Initiative Prioritization Plan ➢ Climate Commitment Act 2022 20
Slide 22: Resources for you
Resources for you ▪ www.myavista.com/eag ▪ EAG Charter • Background • Structure & Governance • Key Resources ▪ Meeting Materials • Since 2021 • Slides, minutes and recordings 22 Equity Advisory Group
Slide 23: New in 2026
New in 2026 • Alternative representative for meetings when you are unavailable ▪ Process to establish your substitute o Complete the EAG Member Interest Form o Receive EAG onboarding o Attend a few meetings to observe 23 Equity Advisory Group
Slide 24: Named Communities Investment Fund Initiative Prioritization
Named Communities Investment Fund Initiative Prioritization Amber & Ana 24 Equity Advisory Group
Slide 25: 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 and Efficiency reduction in burdens to Named Communities ▪ Funding is limited to $5M annually $3M Community Investments 25 Equity Advisory Grou
Slide 26: NCIF
NCIF Energy Efficiency Community Identified Projects Distribution Resiliency Targeted Outreach & Engagement Other 26 Equity Advisory Group
Slide 27: 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 28: Looking Back: November/December 2022
Looking Back: November/December 2022 28 Equity Advisory Group
Slide 29: Looking Back: November/December 2022
Looking Back: November/December 2022 29 Equity Advisory Group
Slide 30: Looking Back: November/December 2022
Looking Back: November/December 2022 30 Equity Advisory Group
Slide 31: Looking Back: November/December 2022
Looking Back: November/December 2022 31 Equity Advisory Group
Slide 32: 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 33: EAG Priorities and NCIF Projects
EAG Priorities and NCIF Projects EAG Initiatives NCIF Projects Focus schools, MLK Community efficiency improvements (Spokane), Westminster Church window and HVAC replacement community centers, (Spokane), Corbin Senior Center HVAC replacement (Spokane), etc. Spokane Tribe Energy audits at 11 building
Slide 34: Other NCIF Project areas
Other NCIF Project areas • Workforce Development o Career Path Services Dignified Workday and Christ Kitchen o Building Contractor Certification Course o Low Income Weatherization for community action agencies • Solar arrays and Batteries o Solar for Habit homes in Spokane and the Palouse o MLK Comm
Slide 35: Revisiting EAG Priorities for NCIF Proposals
Revisiting EAG Priorities for NCIF Proposals • What clarifying questions do you have about the process or our goals for today's discussion? • How are we doing? Are we on the right track? • What is missing? o Were there ideas brainstormed in 2022 that should be included as priorities, but currently a
Slide 36: Questions and Discussion
Questions and Discussion Amber Lenhart 36 Equity Advisory Group
Slide 37: Questions and Discussion
Questions and Discussion ❑ What clarifying questions or curiosities do you have about the presentations? ❑ What disparities, root factors, or inequities (historic and current) are related to these topics? ❑ How could Avista improve engagement strategies related to these topics, if at all? ❑ What new
Slide 38: Your EAG Team
Your EAG Team Amber Ana Matthews Amanda Kelly Ariana Lenhart Ghering Dengel Barrey Facilitator Regulatory Affairs Clean Energy Senior Customer Founder & Manager, Avista Policy & Communications Engagement Implementation Principal, Social Manager, Avista Manager, Avista Impact Partners Manager, Avista
Slide 39: Thank you
Thank you Sign up for our Stay Engaged quarterly newsletter www.myavista.com/ceta Provide input through our Provide Feedback public comment form Share with your communities 39 Equity Advisory Group
Slide 40: Next EAG Equity Lens Session Meetings
Next EAG Equity Lens Session Meetings Afternoon: 12pm – 1:30pm Wednesday, February Amber Lenhart 18th amber@sip-nw.org 509.475.9575 Friday, February 20th Ana Matthews Ana.Matthews@avistacorp.com Morning: 7:30am to 509.495.7979 9:00am Mark your calendars: In-person meeting in Spokane on Wednesday, Ap