HIGHBuilt-inSupplier
Snettisham hydroelectric project
“10-K Item 1A: 'a single hydroelectric power generation facility, the Snettisham hydroelectric project, provides approximately two-thirds of AEL&P's hydroelectric power generation'”
AVA · Concentration risk · 10-K extracted
Avista (AVA) concentration risks
Updated
The most significant concentration Avista discloses is Snettisham hydroelectric project, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Avista’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inCommodity
48%
hydroelectric generation
“10-K Item 1: 'generation resource mix (including contracts for power purchases) was approximately 48 percent hydroelectric, 37 percent thermal and 15 percent other renewables'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile combines a single-facility generation dependency and a fuel-mix tilt, both of which reflect the structural realities of a regulated Pacific Northwest utility. On the supply side, a single hydroelectric power generation facility — the Snettisham hydroelectric project — provides approximately two-thirds of AEL&P's hydroelectric power generation. This is a high-share supplier-equivalent concentration by disclosed size, and its character is structural: the utility's reliance on this single project is a product of the geography it serves rather than a discretionary sourcing choice, but a prolonged outage or damage to that facility would affect a large portion of that subsidiary's generation capability. The broader generation resource mix is also worth noting: hydroelectric power accounted for approximately 48% of the combined generation and purchase resource portfolio. By disclosed size this is a moderate-share commodity exposure, and it is structural — hydroelectric output is inherently tied to precipitation and snowpack cycles, which introduces a seasonal and climate variability that thermal and renewable alternatives only partially buffer. The filing's stated mix also includes 37% thermal and 15% other renewables, which provides some diversification across generation types. Together the two exposures point to hydrology as the primary environmental risk variable. No customer or counterparty concentration is disclosed on top of this supply-side profile.
For the engine’s reasoning on AVA’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Utilities - Diversified
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AES | The AES Corporation | 1 | 1 | 1 | 3 |
| AVA● | Avista Corporation | 1 | 1 | 0 | 2 |
| SRE | DBA Sempra | 1 | 1 | 0 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.