20061222Compliance filing.pdf

Avista Corp.
1411 East Mission PO Box3727
Spokane, Washington 99220-3727
Telephone [phone]
Toll Free 800-727-9170 ) c: J L.
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2005 DEC 22 Arl 8: /5
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December 20, 2006
State of Idaho
Idaho Public Utilities Commission
Statehouse
Boise ID 83720
Attention: Jean D. Jewell , Secretary
Case No. A VU-06-
We are submitting the following information in compliance with the Commission s Order No.
30150 under Case No. AVU-06-2 for the sale of $150,000,000 of secured debt securities, 5.70% due
2037.
Avista Corporation issued the $150,000,000 principal amount of secured debt securities 5.70%
due July 1 , 2037 on December 15, 2005. Underwriters for this issuance were Goldman , Sachs & Co.
BNY Capital Markets, Inc., KeyBanc Capital Markets, AG. Edwards and Banc of America Securities LLC.
The 5.70% series was offered at a price of 99.852%. The underwriter s fee for the issue was 0.875%
leaving a net price to the Company of 98.977% or total net proceeds of $148,465,500. See attached Final
Term Sheet for more details on the transaction.
Please contact Paul Kimball at [phone] if you have any questions.
Sincerely,
Diane C. Thoren
Assistant Treasurer
Enclosure
Issuer:
Issue:
Ratings:
Insurer:
Offering Size:
Coupon:
Trade Date:
Settlement Date:
Stated Maturity:
Spread to Benchmark Treasury:
Yield to Maturity:
Benchmark Treasury Yield:
Benchmark Treasury:
Initial Public Offering Price:
Proceeds to Issuer (before expenses):
Optional Redemption:
Interest Payment Dates:
Sole Bookrunner:
Senior Lead Managers:
Co-Managers:
Schedule III
Filed Pursuant to Rule 433
Registration No. 333-139239
Final Term Sheet
A vista Corporation
First Mortgage Bonds , 5.70% Series due 2037
Aaa/ AAAI AAA
XL Capital Assurance
$150 000 000
70%
December 12, 2006
December 15, 2006 (T +3)
July 2037
T+ll0
71%
61%
50% due February 2, 2036
99.852%
$148,465 500
Make-Whole Call, 20bps spread over U.
Treasuries
Semi-annually in arrears on January 1 and July
1 of each year, commencing on July 2007
Goldman, Sachs & Co.
BNY Capital Markets, Inc.
KeyBanc Capital Markets, a Division of
McDonald Investments Inc.
G. Edwards & Sons , Inc.
Banc of America Securities LLC
The issuer has filed a registration statement (including a prospectus) with the SEC for the
offering to which this communication relates. Before you invest, you should read the
prospectus in that registration statement and other documents the issuer has filed with the
SEC for more complete information about the issuer and this offering. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, the issuer, any underwriter or any dealer participating in the offering will
arrange to send you the prospectus if you request it by calling Goldman, Sachs & Co.
toll-free at 1-866-471-2526.
NYI 1O60312v9