Avista signs new renewable natural gas contract
2024年1月30日 - 3:48AM
Avista recently signed an agreement with Pine Creek RNG (“Pine
Creek”) to purchase renewable natural gas (“RNG”) to be produced at
the Quad Cities Landfill in Milan, IL. The Quad Cities Landfill is
owned by Millennium Waste Incorporated, a subsidiary of Waste
Connections. In October 2022, Avista released a request for
proposal (RFP) to secure RNG resources for its customers over the
long term. 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.
This latest contract marks Avista’s fourth with
Pine Creek. Previous RNG projects include the Horn Rapids Landfill
in Richland, Washington, Bayview Landfill in Elberta, Utah, and the
Black Hawk Landfill in Waterloo, Iowa. Construction on the Milan,
Illinios project is expected to be complete by the end of 2024 and
produce 3 million therms of RNG annually. The total output of Pine
Creeks projects contracted with Avista is an expected 9.7 million
therms annually, which is the equivalent amount of natural gas used
by approximately 17,500 homes.
“These RNG projects help Avista meet our
aspirational goals to reduce natural gas emissions,” 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.”
“This fourth offtake agreement marks another
step forward in contributing towards Avista’s emission reduction
goals,” said Kevin Orchard, Pine Creek’s vice president of
development. “We look forward to building on the continued
relationship with Avista as we further invest in our RNG strategy,
which is focused on the vertical integration of our RNG into gas
utility distribution systems and as a clean transportation fuel at
Pine Creek fueling stations.”
About Avista UtilitiesAvista 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
About Pine Creek RNGPine Creek
RNG, LLC is a vertically integrated Renewable Natural Gas (RNG)
producer that develops, owns, and operates RNG facilities across
the U.S. Industry-leading owners of landfills and industrial
digesters partner with Pine Creek to convert sources of raw biogas
into low carbon fuels. Lancer Energy, a Pine Creek Renewables owned
company, has over 30 years of experience in the alternatives fuel
market serving the compressed natural gas industry, converting
vehicles, building and maintaining fueling stations. Pine Creek’s
executive team is comprised of industry veterans with decades of
experience in energy and technology, deep market knowledge, and
know-how. Driven by a culture of collaboration and partnership,
Pine Creek and its people are committed to creating value through
positive environmental impact.
For more information about Pine Creek RNG,
please visit: www.pinecreekrng.com, http://www.lancerenergy.com and
http://www.pinecreek.com.
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Contact:Media: Annie Gannon,
annie.gannon@avistacorp.comAvista 24/7 Media Access (509)
495-4174
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