Avista

1. Seasonal Demand Fluctuations: Avista Utility is subject to seasonal changes in demand for its services due to changing weather patterns across its service area. This can result in fewer customers during the winter months and higher demand during the summer months.

2. Regulatory Risks: Avista Utility is subject to federal, state and local laws and regulations, which can limit its operations and financial flexibility. Changes in regulation by the US government over time can affect demand, cost, and ultimately price of services.

3. Competition: Avista Utility faces competition from other energy providers in the region such as electric cooperatives, municipal utilities, and large private companies. This creates strong pricing pressures and can impact the company's profitability.

4. Technology: Avista Utility is subject to risks related to technology, such as the introduction of new products that may become more popular and replace older technologies. This could result in increased capital expenses and decreased sales.

5. Natural Disasters: Avista Utility is exposed to the risks associated with natural disasters, such as floods, wildfires, and earthquakes, which can cause disruption to its business operations and infrastructure. The company must be able to manage these risks and develop mitigation strategies.