Money world

Avista Corp. is proposing a settlement with Washington state regulators that will raise customers' electricity rates by 7.2 percent and gas rates by 3.2 percent.

If approved by the Washington Utilities and Transportation Commission (WUTC), the Spokane utility's (NASDAQ: AVA) annual electric revenues would increase by $29.5 million and gas revenues by $4.6 million.

Earlier this year, Avista had filed for an electricity hike of 13 instant personal loans guaranteed.4 percent, or $55.3 million in increased annual electric revenues, and a gas hike of 6 percent, or $8.5 million. If approved by the WUTC, Avista said it wouldn't bring another rate hike request to the state until April 2011.

Here's a link to the Avista release.

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