20060104min.doc

IDAHO PUBLIC UTILITIES COMMISSION

MINUTES OF DECISION MEETING

JANUARY 4, 2006 – 1:30 P.M.

In attendance were Commissioners Paul Kjellander, Dennis Hansen, and Marsha Smith.

Commissioner Kjellander called the meeting to order. The first order of business was APPROVAL OF MINUTES FROM PREVIOUS MEETINGS on December 5th and 20th, 2005. Commissioner Kjellander moved to approve the minutes. A vote was taken on the motion and it carried unanimously.

Commissioner Kjellander noted that item 6 needed to be moved under the category MATTERS IN PROGRESS.

The next order of business was approval of the CONSENT AGENDA, items 2- 5 and 7. There was no discussion. Commissioner Kjellander moved to approve the Consent Agenda. A vote was taken on the motion and it carried unanimously.

The next order of business was MATTERS IN PROGRESS:

McKeown and Carlock’s December 28, 2005 Decision Memorandum re: In the Matter of Avista Corporation’s Application for Authority to Issue Up to 7,000,000 Shares of Authorized but Unissued Common Stock, Case No. AVU-U-05-2.

Mr. McKeown reviewed the Decision Memo. He reported that Staff had met with Avista to discuss the Company’s financial condition and any impact that issuance of the shares might have on its financial condition. He said through the course of the discussions, Staff asked Avista to provide the Commission with quarterly reports regarding four significant financial ratios. Commissioner Kjellander confirmed these reports met the filing requirements Staff had recommended in the Decision Memo and that the Company had agreed to them. Commissioner Kjellander then moved for approval of Staff’s recommendations. A vote was taken on the motion and it carried unanimously.

There were no other items on the agenda and Commissioner Kjellander adjourned the meeting.

DATED this ______ day of January, 2006.

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COMMISSION SECRETARY

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