Avista Corp. Reports Third Quarter and Year-to-date 2009 Results and Initiates 2010 Earnings Guidance

Avista Corp. Reports Third Quarter and Year-to-date 2009 Results and Initiates
2010 Earnings Guidance

SPOKANE, Wash., Oct. 28 /PRNewswire-FirstCall/ -- Avista Corp. (NYSE: AVA)
today reported net income of $8.1 million, or $0.15 per diluted share, for the
third quarter of 2009, compared to net income of $7.4 million, or $0.13 per
diluted share, for the third quarter of 2008. For the nine months ended Sept.
30, 2009 Avista Corp.'s net income was $65.0 million, or $1.18 per diluted
share, compared to net income of $56.1 million or $1.04 per diluted share for
the nine months ended Sept. 30, 2008.

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"We are pleased with our 2009 results through September 30. Our continued
solid financial performance keeps us on track to meet our earnings
expectations for the year," said Avista Chairman, President and Chief
Executive Officer Scott L. Morris.

"We continue to make progress in the timely recovery of our costs and the
capital investments we are making in our generation, transmission and
distribution infrastructure. New rates went into effect in Idaho effective
Aug. 1, 2009, and in September, we reached an all-party settlement in our
Oregon natural gas general rate case. As approved by the Oregon Commission,
new rates will become effective in Oregon on Nov. 1, 2009.

"In Washington, we reached a partial settlement in our general electric and
natural gas rate cases in September. The settlement resolves issues in the
areas of cost of capital, power supply, rate spread and rate design, and
funding under the Low-Income Ratepayer Assistance Program. We expect a
decision from the WUTC on the remaining issues and new rates to be effective
by the end of 2009, some 11 months after the case was initially filed.

"In November, we will be lowering natural gas rates for customers in all
jurisdictions because of a decline in wholesale prices. These Purchased Gas
Adjustments are designed to pass through changes in natural gas costs to our
customers with no change in gross margin or net income. Since the beginning
of the year, when considering all rate changes effective through Nov. 1, 2009,
residential natural gas rates will have decreased 30 percent in Idaho, 28
percent in Washington and 12 percent in Oregon.

"Also, contributing to our improvement in results for 2009 are lower interest
costs and a decrease in income tax expense. The decline in interest costs was
primarily the result of financing transactions and decisions we made in 2008
and 2009. In September, we issued $250 million of 5.125 percent debt due in
2022.

"With this report, we are initiating our earnings guidance for 2010, which
shows continued earnings growth. Overall, I believe we are well positioned to
improve upon our solid financial performance in 2010 and beyond," Morris said.

Third Quarter and Year-to-date 2009 Highlights

Avista Utilities: Avista Utilities contributed net income of $7.2 million, or
$0.13 per diluted share, for the third quarter of 2009 compared to $6.5
million or $0.12 per diluted share, for the third quarter of 2008. For the
nine months ended Sept. 30, 2009, Avista Utilities contributed net income of
$63.2 million, or $1.15 per diluted share compared to $51.8 million or $0.96
per diluted share, for the nine months ended Sept. 30, 2008. The increase in
our quarterly and year-to-date utility net income was due in part to an
increase in gross margin (operating revenues less resource costs). The
increase in gross margin was primarily due to the implementation of the
general rate increases in Washington and Idaho.

The increase in net income was also due to a decrease in interest expense and
income tax expense. In the third quarter of 2009, we recognized adjustments
related to Internal Revenue Service audits and adjustments for the 2008 filed
federal tax return. In total, these adjustments had a favorable impact to
income tax expense and net income of $3.2 million.

These positive impacts on net income were partially offset by an increase in
other operating expenses, depreciation and amortization and taxes other than
income taxes. In addition, in the third quarter of 2008 we recorded $5.7
million (pre-tax) of interest income, partially offset by $1.4 million
(pre-tax) of interest expense, related to income tax settlements.

We absorbed $2.0 million of expense under the Washington Energy Recovery
Mechanism (ERM) in the third quarter of 2009 compared to a benefit of $0.1
million in the third quarter of 2008, which decreased electric gross margin
and income from operations by $2.1 million in the third quarter of 2009 as
compared to the third quarter of 2008. The ERM is an accounting method used
to track certain differences between actual net power supply costs and the
amount included in base retail rates for our Washington customers.

We absorbed $6.1 million of expense under the ERM in the first nine months of
2009 compared to $7.3 million in the first nine months of 2008, which
increased electric gross margin and income from operations by $1.2 million in
2009 as compared to 2008.

We expect to be in a benefit position under the ERM by the end of 2009 due to
lower wholesale electric and natural gas fuel prices than the amount included
in retail rates, partially offset by the negative impact from the extended
outage at the Colstrip plant.

Avista Utilities' operating revenues decreased by $127.8 million in the first
nine months of 2009 as compared to the first nine months of 2008, as a result
of decreases in natural gas revenues of $127.2 million and electric revenues
of $0.6 million. The decrease in natural gas revenues was primarily the
result of decreased wholesale revenues of $112.2 million (due to decreased
prices, partially offset by increased volumes) and retail natural gas revenues
of $17.0 million (primarily due to decreased volumes).

The decrease in electric revenues was primarily due to decreases in wholesale
revenues of $44.2 million and sales of fuel of $11.0 million, partially offset
by increased retail revenues of $54.8 million (primarily due to the Washington
general rate increase implemented on Jan. 1, 2009 and the Idaho general rate
increases implemented on Aug. 1, 2009 and Oct. 1, 2008).

Resource costs for Avista Utilities decreased $163.6 million due to decreases
in natural gas resource costs of $130.6 million and electric resource costs of
$33.0 million. The decrease in natural gas resource costs primarily reflects
a decrease in the price of natural gas purchases. The decrease in electric
resource costs primarily reflects a decrease in fuel costs.

The year to date improved results also reflect a decrease in interest expense,
net of capitalized interest, of $11.4 million that was achieved by refinancing
maturing higher cost debt with lower cost long-term debt. Lower interest
rates on borrowings under our $320 million committed line of credit also
contributed to the decrease in interest expense.

Utility other operating expenses increased $17.2 million primarily due to an
increase of $6.6 million in electric generation operating and maintenance
expenses, an increase of $2.6 million in natural gas distribution and service
costs, as well as an $8.2 million increase in pension and other
post-retirement benefit costs.

Utility depreciation and amortization increased $4.4 million primarily due to
additions to utility plant.

Utility taxes other than income taxes increased $5.0 million due to increased
revenue-related taxes (due to increases in electric retail revenues) and
increased property taxes.

Advantage IQ: Advantage IQ's net income attributable to Avista Corporation
was $1.4 million, or $0.03 per diluted share, for the third quarter of 2009
compared to $1.3 million or $0.02 per diluted share, for the third quarter of
2008. For the nine months ended Sept. 30, 2009, Advantage IQ's net income
attributable to Avista Corporation was $3.9 million, or $0.07 per diluted
share compared to $4.7 million or $0.09 per diluted share, for the nine months
ended Sept. 30, 2008. The decrease for the nine months ended Sept. 30, 2009
as compared to 2008 was primarily due to lower short-term interest rates
(which decreases interest revenue), the decrease in our ownership percentage
in the business in connection with the acquisition of Cadence Network
effective July 2, 2008 and increased amortization of intangible assets
(related to the Cadence acquisition).

On Aug. 31, 2009, Advantage IQ acquired substantially all of the assets and
liabilities of Ecos Consulting, Inc. (Ecos), a Portland, Oregon-based energy
efficiency solutions provider. The acquisition of Ecos was funded primarily
through borrowings under Advantage IQ's committed credit agreement. Under the
terms of the transaction, Ecos is a wholly-owned subsidiary of Advantage IQ.

Advantage IQ's revenues for the first nine months of 2009 increased 32 percent
as compared to the first nine months of 2008 and totaled $55.1 million. The
increase in revenues was due to the third quarter 2008 acquisition of Cadence
Network, partially offset by a decrease in interest revenue. In the first
nine months of 2009, Advantage IQ managed bills totaling $13.5 billion, an
increase of $1.2 billion, or 10 percent, as compared to the first nine months
of 2008. The acquisition of Cadence Network added $1.8 billion in managed
bills for the first nine months of 2009 as compared to 2008.

Other Businesses: For the third quarter of 2009, the net loss attributable to
Avista Corporation was $0.01 per diluted share for the other businesses. For
the nine months ended Sept. 30, 2009, the net loss attributable to Avista
Corporation was $0.04 per diluted share for the other businesses.
Contributing to the net loss attributable to Avista Corporation for the nine
months ended Sept. 30, 2009 were losses on long-term venture fund investments
of $0.9 million and the accrual of a $0.3 million environmental liability.

Summary Results: Avista Corp.'s results for the third quarter of 2009 and the
nine months ended Sept. 30, 2009 (YTD), as compared to the respective periods
of 2008 are presented in the table below:

($ in thousands, except
per-share data) Q3 2009 Q3 2008 YTD 2009 YTD 2008
----------------------- ------- ------- -------- --------
Operating Revenues $314,692 $382,685 $1,109,273 $1,229,302
------------------ -------- -------- ---------- ----------
Income from Operations $23,754 $25,332 $147,681 $140,883
---------------------- ------- ------- -------- --------
Net Income attributable to
Avista Corporation $8,139 $7,359 $65,018 $56,135
-------------------------- ------ ------ ------- -------

Net Income (Loss) attributable to Avista Corporation by Business Segment:

Avista Utilities $7,239 $6,451 $63,203 $51,791
---------------- ------ ------ ------- -------
Advantage IQ $1,413 $1,340 $3,855 $4,685
------------ ------ ------ ------ ------
Other $(513) $(432) $(2,040) $(341)
----- ----- ----- ------- -----

Contribution to earnings per diluted share by Business Segment:

Avista Utilities $0.13 $0.12 $1.15 $0.96
---------------- ----- ----- ----- -----
Advantage IQ $0.03 $0.02 $0.07 $0.09
------------ ----- ----- ----- -----
Other $(0.01) $(0.01) $(0.04) $(0.01)
----- ------ ------ ------ ------
Total earnings per diluted
share attributable to Avista
Corporation $0.15 $0.13 $1.18 $1.04
----------------------------- ----- ----- ----- -----

Liquidity and Capital Resources: In September 2009, we issued $250 million of
5.125 percent First Mortgage Bonds due in 2022. The net proceeds from the
issuance of $249.4 million (net of discounts and before Avista's expenses)
were used to retire variable rate short-term borrowings outstanding under our
$320 million committed line of credit and for general corporate purposes. In
conjunction with the issuance of long-term debt, we cash settled interest rate
swap agreements and received a total of $10.8 million. This benefit will be
amortized over the life of the debt issued.

As of Sept. 30, 2009, we had a combined $513 million of available liquidity
under our $320 million committed line of credit, $200 million committed line
of credit, and $85 million revolving accounts receivable sales facility.

Avista has a sales agency agreement to issue up to 2 million shares of common
stock from time to time. We issued 750,000 common shares under this agreement
in 2008. We will continue to evaluate issuing common stock in future periods;
however, we are not currently planning to issue common stock for the remainder
of 2009, other than for compensatory plans and the direct stock purchase and
dividend reinvestment plan.

Utility capital expenditures were $141 million for the first nine months of
2009. We expect utility capital expenditures to be approximately $210 million
for the full year of 2009. We are expecting capital expenditures of $210
million for 2010, excluding potential costs of a wind generation project and
projects associated with stimulus funding. Actual capital expenditures may
vary from our estimates due to factors such as changes in business conditions,
construction schedules and environmental requirements.

We are planning to issue long-term debt and common stock in 2010 in order to
finance a portion of our capital expenditures and maturing long-term debt,
while maintaining our capital structure at an appropriate level for our
business.

Earnings Guidance and Outlook

We are confirming our 2009 guidance for consolidated earnings to be in the
range of $1.45 to $1.60 per diluted share. We expect Avista Utilities to
contribute in the range of $1.40 to $1.50 per diluted share for 2009. Our
outlook for Avista Utilities assumes, among other variables, normal
precipitation, temperatures and hydroelectric generation for the fourth
quarter of 2009. We are expecting to be at the upper end of our consolidated
and utility guidance for 2009; however, despite recent rate increases, these
results still do not reflect full recovery of utility capital investments and
operating costs to serve customers. We expect Advantage IQ to contribute in
the range of $0.09 to $0.11 per diluted share and the other businesses to be
between a loss of $0.04 and $0.01 per diluted share.

Avista is initiating its 2010 guidance for consolidated earnings to be in the
range of $1.55 to $1.75 per diluted share. We expect Avista Utilities to
contribute in the range of $1.45 to $1.60 per diluted share for 2010. Our
range for Avista Utilities encompasses expected variability in power supply
costs and the resulting impact on the ERM. Our outlook for Avista Utilities
assumes, among other variables, normal precipitation, temperatures and
hydroelectric generation. We expect Advantage IQ to contribute in the range
of $0.10 to $0.13 per diluted share and the other businesses to be between
break-even and a contribution of $0.02 per diluted share.

Although the recent rate settlements in Idaho and Oregon and the expected
resolution of our Washington rate case by the end of 2009 provide progress in
the recovery of utility costs, the company will continue to experience
regulatory lag in 2010 due to a delay in the recovery of incremental capital
investment and increased operating expenses. Avista plans to file new general
rate cases in all three states in the first half of 2010 to more closely align
earned returns with those authorized by regulators.

NOTE: We will host a conference call with financial analysts and investors on
October 28, 2009, at 10:30 a.m. ET to discuss this news release. The call is
available at (888) 318-8616, passcode: 52747180. A simultaneous webcast of
the call is available on our website, www.avistacorp.com. A replay of the
conference call will be available through Nov. 4, 2009. Call (888) 286-8010,
passcode 21970996 to listen to the replay.

Avista Corp. is an energy company involved in the production, transmission and
distribution of energy as well as other energy-related businesses. Avista
Utilities is our operating division that provides electric service to 355,000
homes and businesses and natural gas to 312,000 homes and businesses in three
Western states, serving more than 492,000 customers. Avista's primary,
non-regulated subsidiary is Advantage IQ. Our stock is traded under the
ticker symbol "AVA." For more information about Avista, please visit
www.avistacorp.com.

Avista Corp. and the Avista Corp. logo are trademarks of Avista Corporation.

The attached condensed consolidated statements of income, condensed
consolidated balance sheets, and financial and operating highlights are
integral parts of this earnings release.

This news release contains forward-looking statements, including statements
regarding our current expectations for future financial performance and cash
flows, capital expenditures, financing plans, our current plans or objectives
for future operations and other factors, which may affect the company in the
future. Such statements are subject to a variety of risks, uncertainties and
other factors, most of which are beyond our control and many of which could
have significant impact on our operations, results of operations, financial
condition or cash flows and could cause actual results to differ materially
from those anticipated in such statements.

The following are among the important factors that could cause actual results
to differ materially from the forward-looking statements: weather conditions
and their effect on energy demand and generation, including the effect of
precipitation and temperatures on the availability of hydroelectric resources
and the effect of temperatures on customer demand and wholesale energy
markets; global financial and economic conditions (including the availability
of credit) and their effect on our ability to obtain funding for working
capital and long-term capital requirements on acceptable terms; economic
conditions in our service areas, including the effect on the demand for, and
customers' ability to pay for, our utility services; our ability to obtain
financing through the issuance of debt and/or equity securities, which can be
affected by various factors including our credit ratings, interest rates and
other capital market conditions; changes in actuarial assumptions, the
interest rate environment and the actual return on plan assets for our pension
plan, which can affect future funding obligations, costs and pension plan
liabilities; changes in wholesale energy prices that can affect, among other
things, the cash requirements to purchase electricity and natural gas for
retail customers or wholesale obligations and the market value of derivative
assets and liabilities; volatility and illiquidity in wholesale energy
markets, including the availability of willing buyers and sellers and prices
of purchased energy and demand for energy sales; the effect of state and
federal regulatory decisions affecting our ability to recover costs and/or
earn a reasonable return including, but not limited to, the disallowance of
costs and investments and delay in the recovery of ownership and operating
costs; the potential effects of legislation or administrative rulemaking,
including the possible adoption of national or state laws requiring resources
to meet certain standards and placing restrictions on greenhouse gas emissions
to mitigate concerns over global climate changes; the outcome of pending
regulatory and legal proceedings arising out of the "western energy crisis" of
2000 and 2001, and including possible retroactive price caps and resulting
refunds; the outcome of legal proceedings and other contingencies; changes in,
and compliance with, environmental and endangered species laws, regulations,
decisions and policies, including present and potential environmental
remediation costs; wholesale and retail competition including, but not limited
to, electric retail wheeling and transmission costs; the ability to maintain
licenses for our hydroelectric generating facilities at cost-effective levels
with reasonable terms and conditions; unplanned outages at any of our
generating facilities or the inability of facilities to operate as intended;
unanticipated delays or changes in construction costs, as well as our ability
to obtain required operating permits for present or prospective facilities;
natural disasters that can disrupt energy production or delivery, as well as
the availability and costs of materials and supplies and support services;
blackouts or disruptions of interconnected transmission systems; the potential
for terrorist attacks or other malicious acts, particularly with respect to
our utility assets; changes in the long-term climate of the Pacific Northwest,
which can affect, among other things, customer demand patterns and the volume
and timing of streamflows to our hydroelectric resources; changes in
industrial, commercial and residential growth and demographic patterns in our
service territory; the loss of significant customers and/or suppliers; default
or nonperformance on the part of any parties from which we purchase and/or
sell capacity or energy; deterioration in the creditworthiness of our
customers and counterparties; the effect of any potential decline in our
credit ratings; increasing health care costs and the resulting effect on
health insurance provided to our employees and retirees; increasing costs of
insurance, changes in coverage terms and our ability to obtain insurance;
employee issues, including changes in collective bargaining unit agreements,
strikes, work stoppages or the loss of key executives, as well as our ability
to recruit and retain employees; the potential effects of negative publicity
regarding business practices, whether true or not, which could result in,
among other things, costly litigation and a decline in our common stock price;
changes in technologies, possibly making some of the current technology
obsolete; changes in tax rates and/or policies; and changes in our strategic
business plans, which may be affected by any or all of the foregoing,
including the entry into new businesses and/or the exit from existing
businesses.

For a further discussion of these factors and other important factors, please
refer to our Annual Report on Form 10-K for the year ended Dec. 31, 2008 and
Quarterly Report on Form 10-Q for the quarter ended June 30, 2009. The
forward-looking statements contained in this news release speak only as of the
date hereof. We undertake no obligation to update any forward-looking
statement or statements to reflect events or circumstances that occur after
the date on which such statement is made or to reflect the occurrence of
unanticipated events. New factors emerge from time to time, and it is not
possible for management to predict all of such factors, nor can it assess the
impact of each such factor on our business or the extent to which any such
factor, or combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statement.

AVISTA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(Dollars in Thousands except Per Share Amounts)

Nine Months Ended
Third Quarter September 30,
------------- -------------
2009 2008 2009 2008
---- ---- ---- ----

Operating revenues $314,692 $382,685 $1,109,273 $1,229,302
-------- -------- ---------- ----------

Operating expenses:
Resource costs 173,701 251,333 600,112 764,089
Other operating expenses 75,797 67,195 226,827 199,779
Depreciation and
amortization 25,156 23,502 73,992 68,920
Utility taxes other than
income taxes 16,284 15,323 60,661 55,631
------ ------ ------ ------
Total operating
expenses 290,938 357,353 961,592 1,088,419
------- ------- ------- ---------

Income from operations 23,754 25,332 147,681 140,883
------ ------ ------- -------

Other income (expense):
Interest expense, net of
capitalized interest (15,326) (17,927) (47,687) (59,072)
Other income (expense) -
net 153 7,573 (617) 10,477
--- ----- ---- ------
Total other income
(expense) - net (15,173) (10,354) (48,304) (48,595)
------- ------- ------- -------

Income before income taxes 8,581 14,978 99,377 92,288

Income tax expense
(benefit) (53) 7,150 33,034 35,544
--- ----- ------ ------

Net income 8,634 7,828 66,343 56,744
Less: net income
attributable to
noncontrolling interests (495) (469) (1,325) (609)
---- ---- ------ ----

Net income attributable to
Avista Corporation $8,139 $7,359 $65,018 $56,135
====== ====== ======= =======

Weighted-average common
shares outstanding
(thousands), basic 54,706 53,773 54,659 53,366

Weighted-average common
shares outstanding
(thousands), diluted 55,094 54,205 54,881 53,765

Earnings per common share
attributable to Avista
Corporation:

Basic $0.15 $0.14 $1.19 $1.05
===== ===== ===== =====

Diluted $0.15 $0.13 $1.18 $1.04
===== ===== ===== =====

Dividends paid per common
share $0.21 $0.18 $0.60 $0.51
===== ===== ===== =====

Issued October 28, 2009

AVISTA CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(Dollars in Thousands)

September December
30, 31,
2009 2008
---- ----

Assets

Cash and cash equivalents $35,025 $24,313
Accounts and notes
receivable 149,492 218,846
Other current assets 173,904 239,068
Total net utility
property 2,562,682 2,492,191
Total other property and
investments 141,693 138,876
Regulatory assets for
deferred income taxes 98,060 115,005
Regulatory assets for
pensions and other
postretirement benefits 163,634 172,278
Other regulatory assets 82,163 85,112
Non-current utility
energy commodity
derivative assets 76,600 49,313
Power cost deferrals 37,531 57,607
Unamortized debt expense 30,827 33,004
Other deferred charges 6,369 5,134
----- -----

Total Assets $3,557,980 $3,630,747
========== ==========

Liabilities and Stockholders' Equity

Accounts payable $133,135 $176,116
Current portion of long-
term debt 27,206 17,207
Short-term borrowings 33,400 252,200
Other current liabilities 253,538 243,021
Long-term debt 1,060,951 809,258
Long-term debt to
affiliated trusts 51,547 113,403
Regulatory liability for
utility plant retirement
costs 216,762 213,747
Pensions and other
postretirement benefits 144,876 184,588
Deferred income taxes 443,440 488,940
Other non-current
liabilities and deferred
credits 145,920 124,178
------- -------

Total Liabilities 2,510,775 2,622,658
--------- ---------

Stockholders' Equity
Avista Corporation
Stockholders' Equity:
Common stock - net
(54,740,806 and
54,487,574 outstanding
shares) 776,977 774,986
Retained earnings and
accumulated other
comprehensive loss 259,185 221,897
------- -------
Total Avista
Corporation
Stockholders' Equity 1,036,162 996,883
Noncontrolling interests 11,043 11,206
------ ------

Total Stockholders'
Equity 1,047,205 1,008,089
--------- ---------

Total Liabilities and
Stockholders' Equity $3,557,980 $3,630,747
========== ==========

Issued October 28, 2009

AVISTA CORPORATION
FINANCIAL AND OPERATING HIGHLIGHTS (UNAUDITED)
(Dollars in Thousands)

Nine Months Ended
Third Quarter September 30,
------------- -------------
2009 2008 2009 2008
---- ---- ---- ----

Avista Utilities
Retail electric revenues $165,350 $145,649 $516,299 $461,520
Retail kWh sales (in
millions) 2,119 2,134 6,552 6,658
Retail electric
customers at end of
period 355,035 352,348 355,035 352,348

Wholesale electric
revenues $15,512 $42,063 $66,756 $110,958
Wholesale kWh sales (in
millions) 398 495 1,857 1,506

Sales of fuel $13,316 $25,510 $29,479 $40,498
Other electric revenues $4,262 $4,773 $11,763 $11,928

Retail natural gas
revenues $33,807 $37,076 $279,760 $296,712
Wholesale natural gas
revenues $48,456 $95,965 $110,051 $222,259
Transportation and other
natural gas revenues $3,546 $2,788 $10,870 $8,866
Total therms
delivered (in
thousands) 217,561 178,680 648,571 598,767
Retail natural gas
customers at end of
period 312,771 309,766 312,771 309,766

Income from operations
(pre-tax) $21,541 $22,237 $141,225 $131,950
Net income
attributable to
Avista Corporation $7,239 $6,451 $63,203 $51,791

Advantage IQ
Revenues $19,727 $16,822 $55,113 $41,743
Income from operations
(pre-tax) $3,075 $2,872 $8,462 $8,440
Net income
attributable to
Avista Corporation $1,413 $1,340 $3,855 $4,685

Other
Revenues $10,716 $12,039 $29,182 $34,818
Income (loss) from
operations (pre-tax) $(862) $223 $(2,006) $493
Net loss attributable to
Avista Corporation $(513) $(432) $(2,040) $(341)

Issued October 28, 2009

SOURCE Avista Corp.

Media, Jessie Wuerst, +1-509-495-8578, jessie.wuerst@avistacorp.com, or
Investors, Jason Lang, +1-509-495-2930, jason.lang@avistacorp.com, or Avista
24/7 Media Access, +1-509-495-4174, all of Avista Corp.