AVISTA CORP — Director's Dealing 2006

Feb 14, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVISTA CORP (AVA)
CIK: 0000104918
Period of Report: 2006-02-09

Reporting Person: MORRIS SCOTT L (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-09	Common Stock-Restricted Shares	A	3000	—	Acquired	3000	Direct
2006-02-09	Common Stock-Performance Share Award	M	18600	—	Acquired	18690	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-09	Conversion of derivative security	$17.8	M	15500	Disposed		Common Stock (15500)	Direct
2006-02-09	Performance Shares	$	A	11500	Acquired		Common Stock (11500)	Direct

Footnotes

F1: Restricted shares vest one-third each year over a three-year period and are payable in Avista Corp. Common Stock at the end of each year in the three-year period if targets are met.

F2: Shares are received in satisfaction of 2003 performance grant.

F3: 2003 Performance Grant-disposition of Derivative Securities.

F4: No conversation price - Shares awarded if performance measure is met.

F5: Each performance cycle is three years in length. Shares will be issued at the end of each three-year cycle if performance measure is met.