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Avista Corp. Board Declares Common and Preferred Dividends
Board Authorizes a One-Half Cent Per Share Increase in Common Stock Dividends

SPOKANE, Wash., Nov. 14 // -- Avista Corp. (NYSE: AVA) board of directors has declared a quarterly dividend of $0.14 per share on the company's common stock. A quarterly dividend of $1.73750 per share was declared on all outstanding shares of preferred stock Series K. The common and preferred stock dividends are payable Dec. 15, 2005, to shareholders of record at the close of business on Nov. 30, 2005.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040128/SFW031LOGO )

The common stock dividend represents a one-half cent increase over the last quarterly dividend of $0.135 per share declared in August 2005. This will result in an indicated annualized dividend of $0.56 per share. Payment of dividends is subject to declaration by the board each quarter.

"The growth in the company's dividend is a demonstration of the board's confidence in our continued progress toward achieving our goals, and it provides a demonstration of that confidence to our shareholders," said Gary G. Ely, Avista chairman, president and chief executive officer. "A healthy and stable company dividend is an important element in continuing to attract capital to fund future investment in Avista and to building the company's equity ratio -- consistent with one of Avista's commitments in the proposed settlement agreement in the pending Washington rate case."

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 a company operating division that provides service to 330,000 electric and 285,000 natural gas customers in three western states. Avista's non-regulated subsidiaries include Avista Advantage and Avista Energy. Avista Corp.'s stock is traded under the ticker symbol "AVA." For more information about Avista, please visit http://www.avistacorp.com/.

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

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040128/SFW031LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com

SOURCE: Avista Corp.

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