SPOKANE — Avista Corp. held steady in its second-quarter earnings report Wednesday, with income of $25.3 million, or 38 cents per share.
The results compare to $25.6 million, or 39 cents per share, during the second quarter of 2018.
For the first six months of the year, Avista net income is substantially up from last year, at $141.1 million. During the first half of 2018, Avista reported income of $80.5 million.
Scott Morris, the outgoing chairman and CEO, said the company had a “strong” second quarter, and attributed it to “lower operating costs and better than expected customer growth.”
Morris said net income was reduced in part by “a $7 million donation commitment we made to fund initiatives to strengthen our local communities.”
Earlier this year, the company promised $7 million for work related to homelessness, “small town pride” and “youth success.”
