Affordable, plentiful energy is the root of a society that enables economic growth. It’s easy to forget our community’s biggest asset even though it affects everything we do. Now more than ever, our customers need to understand hydropower’s role in the rapidly changing energy landscape, and how we’re preparing for the future.
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Operator
Good morning, my name is Kree, and I will be your conference operator today. At this time, I would like to welcome everyone to the Avista Corporation Q1 2021 Earnings Conference Call. [Operator Instructions] After the speakers remarks, there will be a question-and-answer session.
[Operator Instructions] As a reminder, today s conference is being recorded.
I would now like to turn the conference over to Mr. John Wilcox. Sir, you may begin.
John Wilcox
Investor Relations Manager
Thank you. Good morning, everyone. And welcome to Avista s first quarter 2021 earnings conference call. Our earnings were released pre-market this morning and are available on our website.
Chelan PUD and Avista Partner on Clean, Hydropower Energy Contract New agreement brings zero-carbon energy to Northwest electric customers
April 15, 2021 16:05 ET | Source: Avista Corporation Avista Corporation Spokane, Washington, UNITED STATES
SPOKANE, Wash. and WENATCHEE, Wash., April 15, 2021 (GLOBE NEWSWIRE) Avista and Chelan County Public Utility District (PUD) have finalized a contract for renewable hydropower from two PUD hydro projects on the Columbia River. The contract increases Avista’s carbon-free resources in its energy portfolio, helping achieve the company’s clean electricity goals and supporting Washington State’s Clean Energy Transformation Act goals as well.
The “slice” contract provides Avista with 5% of the output from the PUD’s Rock Island and Rocky Reach hydropower projects from 2024 through 2033. This contract complements an existing contract between Avista and the PUD, and i