Operator

Good day, and thank you for standing by. Welcome to Avista Corporation Q1 2026 Earnings Conference Call. [Operator Instructions] 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.

Stacey Wenz
Investor Relations Manager

Thank you, and good morning. Thank you all for joining us for Avista's First Quarter 2026 Earnings Conference Call. Our earnings and first quarter Form 10-Q were released premarket this morning. You can find both documents and this presentation on our website.

Joining me today are Avista Corp. President and CEO, Heather Rosentrater; 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 discuss 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 Avista Utilities and AEL&P segments. The unrealized gains and losses that