Avista reports dip in 2Q earnings

Avista Corp. has reported second quarter income of $25.1 million, or 40 cents per share, compared to $31.3 million, or 52 cents per share for the second quarter of 2014. Record high temperatures and low rain fall decreased hydroelectric generation during the second quarter, said Scott Morris, the company’s chairman and chief operating officer. But the early runoff resulted high power generation during January through March. Power generation should be about 94 percent of normal for the year, he said.