Avista Corporation

Good day and thank you for standing by. Welcome to Avista Corporation Q1 2026 earnings conference call. At this time, all participants are in listen only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, Please press star 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Stacey Walters.

Please go ahead.

Thank you and good morning. Thank you all for joining us for this is first quarter 2026 earnings conference call. Our earnings and first quarter Form 10-Q were released pre-market this morning. You can find both documents and this presentation on our website. Joining me today are Avista Corp President and CEO, Heather Rosentrader, and Senior Vice President, CFO, Treasurer and Regulatory Affairs Officer, Kevin Christie. We will be making forward-looking statements during this call. These involve assumptions, risks, and uncertainties which are subject to change. Various factors could cause actual results to differ materially from the expectations we discussed in today's call. Please refer to our Form 10-K for 2025 and our Form 10-Q for the first quarter of 2026 for a full discussion of these risk factors. Both are available on our website. On this call, we will also discuss non-GAAP utility earnings. Our first quarter earnings presentation is posted on our website and includes definitions and reconciliations for all non-GAAP disclosures, including non-GAAP utility earnings. Our non-GAAP utility earnings are comprised of results from our VISTA Utilities and AEL&P The unrealized gains and losses that have historically made up the majority of our non-regulated other business earnings can be significant, but they are difficult to predict and outside management's control. Discussion of non-GAAP utility results and earnings guidance reflects management's focus on the core utility business. And now, let me begin with a recap of the financial results presented in today's press release. Our consolidated first quarter 2026 earnings were $1.11 for diluted share compared to $0.98 in the first quarter of 2025. Our first quarter 2026 non-GAAP utility earnings were $1.10 per diluted share compared to $1.01 per diluted share in the first quarter of 2025. Now, I'll turn the call over to Heather.