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Common Stock | 12 Months Ended
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Dec. 31, 2020
Stockholders Equity Note [Abstract] |
Common Stock | NOTE 19. COMMON STOCK The payment of dividends on common stock could be limited by:
| • | certain covenants applicable to preferred stock (when outstanding) contained in the Company’s Restated Articles of Incorporation, as amended (currently there are no preferred shares outstanding),
| • | certain covenants applicable to the Company's outstanding long-term debt and committed line of credit agreements,
| • | the hydroelectric licensing requirements of section 10(d) of the FPA (see Note 1), and
| • | certain requirements under the OPUC approval of the AERC acquisition in 2014. The OPUC's AERC acquisition order requires Avista Utilities to maintain a capital structure of no less than 35 percent common equity (inclusive of short-term debt). This limitation may be revised upon request by the Company with approval from the OPUC.
The requirements of the OPUC approval of the AERC acquisition are the most restrictive. Under the OPUC restriction, the amount available for dividends at December 31, 2020 was $311.8 million. See the Consolidated Statements of Equity for dividends declared in the years 2018 through 2020. The Company has 10 million authorized shares of preferred stock. The Company did not have any preferred stock outstanding as of December 31, 2020 and 2019. Equity Issuances The Company issued equity in 2020 for total net proceeds of $72.2 million. Most of these issuances came through the Company's sales agency agreements under which the sales agents may offer and sell new shares of common stock from time to time. The Company has board and regulatory authority to issue a maximum of 3.2 million shares under these agreements, of which 1.3 million remain unissued as of December 31, 2020. In 2020, 1.9 million shares were issued under these agreements resulting in total net proceeds of $70.6 million.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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