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SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): September 11, 2002

AVISTA CORPORATION

Washington		1-3701		91-0462470
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

1411 East Mission Avenue, Spokane, Washington		99202-2600
(Address of principal executive offices)		(Zip Code)
Registrant’s telephone number, including area code: Web site: http://www.avistacorp.com		509-489-0500

 

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	Item 5. Other Information
	Item 7. Exhibits
SIGNATURES
EXHIBIT 99(A)

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Table of Contents

Item 5. Other Information

Officer Appointment

On September 11, 2002, Avista Corporation (Avista Corp. or the Company) announced that Malyn K. Malquist will join the Company as senior vice president later this month. Malquist will be succeeding Senior Vice President and Chief Financial Officer Jon E. Eliassen, who plans to retire from Avista Corp. in April 2003, as announced last January. Malquist is expected to be named chief financial officer at the November 2002 meeting of the Company’s board of directors. Avista Corp.’s press release disclosing this announcement is filed as exhibit 99(a) hereto.

Derivative Securities Litigation

On September 12, 2002, the Superior Court of Washington, Spokane County, granted without prejudice a voluntary request by the plaintiff to dismiss a derivative lawsuit filed against certain past and present members of the board of directors of Avista Corp., as defendants, and Avista Corp., as nominal defendant. Gail West filed this lawsuit on June 13, 2002, derivatively on behalf of nominal defendant Avista Corp. For further information about this lawsuit see Note 9 of the Notes to Consolidated Financial Statements in the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2002.

Neither the filing of any press release as an exhibit to this Current Report nor the inclusion in such press releases of a reference to the Company’s Internet address shall, under any circumstances, be deemed to incorporate the information available at such Internet address into this Current Report. The information available at the Company’s Internet address is not part of this Current Report or any other report filed by the Company with the Securities and Exchange Commission.

Item 7. Exhibits

99(a)

Press release dated September 11, 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	AVISTA CORPORATION
	(Registrant)
Date:    September 16, 2002	/s/   Jon E. Eliassen Jon E. Eliassen Senior Vice President and Chief Financial Officer (Principal Accounting and Financial Officer)

 

                                                                   EXHIBIT 99(a)



[AVISTA CORP. LOGO]

                                                                    NEWS RELEASE
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CONTACT:    Media:  Patrick Lynch (509) 495-4246  pat.lynch@avistacorp.com
            Investors: Angela Teed (509) 495-2930  angela.teed@avistacorp.com



                                                           FOR RELEASE:
                                                           September 11, 2002
                                                           4:15 p.m. EDT

             AVISTA NAMES MALYN K. MALQUIST AS SENIOR VICE PRESIDENT
      MALQUIST TO SUCCEED SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
     JON ELIASSEN WHO WILL BE CONCLUDING A 33-YEAR CAREER WITH AVISTA CORP.

SPOKANE, WASH.: Avista Corp. (NYSE:AVA) today announced that Malyn K. Malquist
will join the company as senior vice president later this month.

        Malquist will be succeeding Avista Senior Vice President and Chief
Financial Officer Jon E. Eliassen, who plans to retire from the company in April
2003, as announced last January. Malquist is expected to be named chief
financial officer at the November 2002 meeting of the company's board of
directors.

        Malquist is a long-time industry executive and respected professional
with 24 years of experience in the utility sector in the western United States.
Malquist worked for 16 years at San Diego Gas and Electric in various
capacities, including vice president of finance and treasurer. From 1994 to
2000, Malquist held various positions at Sierra Pacific Resources, including
chief financial officer, chief executive officer and chairman of the board of
directors.

        Malquist comes to Avista Corp. from Truckee Meadows Water Authority
where he currently holds the position of general manager. He is a graduate of
Brigham Young University where he also earned his master's degree in business
administration.

        Throughout his career, Malquist has held leadership positions in a
variety of civic and industry organizations including Edison Electric Institute,
Pacific Coast Gas Association, United Way, Boy Scouts of America, Rotary Club
and the University of Nevada, Reno Foundation.


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PAGE 2  AVISTA NAMES MALYN K. MALQUIST AS SENIOR VICE PRESIDENT


        "Malyn will be an excellent addition to Avista's leadership team. His
distinguished track record in the utility business sector and his impressive
background in finance and management will be of tremendous value to Avista,"
said Gary G. Ely, Avista Corp. board chairman, president and chief executive
officer. "He will play an important role as we continue to strengthen our
company's financial position.

        "We are pleased to name Jon's successor. This will allow us to proceed
with the leadership transition in an orderly manner. We expect Jon to continue
in his role as CFO through the end of the third quarter and to certify our third
quarter financials. Jon has been an invaluable member of our leadership team,
and we are grateful to him for his years of dedicated service. He will continue
to keep a busy schedule, including leadership positions in numerous professional
and community organizations," said Ely.

        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
electric and natural gas service to customers in four western states. Avista's
non-regulated affiliates include Avista Advantage, Avista Labs and Avista
Energy. Avista Corp.'s stock is traded under the ticker symbol "AVA" and its
Internet address is www.avistacorp.com

        Avista Corp. and the Avista Corp. logo are trademarks of Avista
Corporation. All other trademarks mentioned in this document are the property of
their respective owners.

      This news release contains forward-looking statements regarding the
company's current expectations. Forward-looking statements are all statements
other than historical facts. Such statements speak only as of the date of the
news release and are subject to a variety of risks and uncertainties, many of
which are beyond the company's control, which could cause actual results to
differ materially from the expectations. These risks and uncertainties include,
in addition to those discussed herein, all of the factors discussed in the
company's Annual Report on Form 10-K for the year ended Dec. 31, 2001 and Form
10-Q for the quarter ended March 31 and June 30, 2002.