BEFORE THE WASHINGTON UTILITIES AND TRANSPORTATION COMMISSION In the Matter of the Application of AVISTA CORPORATION for an order establishing compliance with Chapter 80.08 RCW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ) ) ) ) ) ) ) ) DOCKET UE-001098 ORDER ESTABLISHING COMPLIANCE WITH CHAPTER 80.08.040 RCW BACKGROUND On July 17, 2000, the Avista Corporation ( "Applicant" ) filed an application with the Washington Utilities and Transportation Commission under the provisions of Chapter 80.08 RCW for an order establishing compliance with the requirements of that statute. The filing concerns the Applicant's proposed offering, issuance and sale of certain secured or unsecured bonds, notes and other evidences of indebtedness, for purposes permitted by law, in a total amount of up to and including $500,000,000 and for terms that may exceed 364 days. As revised, Chapter 80.08.040 RCW requires the Company to file certain information with the Commission and authorizes the Company, at its option, to request the Commission to enter an order that the Company has complied with the requirements of the statute. The Company has filed the information required by the statute and has requested that the Commission confirm that the Company has complied with the requirements of Chapter 80.08.040 RCW. This matter was brought before the Commission at its August 30, 2000, regularly scheduled open meeting. The Commissioners, having been fully advised in the matter, and having determined the following order to be consistent with Chapter 80.08.040 RCW directed the Secretary to enter the following order and related provisions. FINDINGS THE COMMISSION FINDS: 1. Avista Corporation, a Washington corporation, is a public service company subject to the jurisdiction of this Commission under the provisions of Chapter 80.08 RCW. 2. As to form, the application herein meets the requirements of Chapter 80.08 RCW and the rules and regulations of the Commission adopted pursuant thereto. 3. The Company's application in this Docket contains (a) a description of the purposes for which the proposed Securities will be issued along with certification by an authorized officer that the proceeds from this financing will be used for the purpose allowed by Chapter 80.08 RCW; (b) a description of the proposed issuance, including the terms of financing; and (c) a statement as to why the proposed transactions are in the public interest. 4. An order consistent with the above findings should be entered. ORDER THE COMMISSION ORDERS: 1. Avista Corporation is in compliance with the requirements of Chapter 80.08.040 RCW. 2. Avista Corporation shall file, as soon as available: a. The Report of Securities Issued required by WAC 480-146-230. b. Verified copies of any agreement entered into in connection with any transaction pursuant to this order. 3. This Order shall in no way affect the authority of this Commission over rates, service, accounts, valuations, estimates or determination of costs, or any matters whatsoever that may come before it, nor shall anything herein be construed as an acquiescence in any estimate or determination of costs, or any valuation of property claimed or asserted. DATED at Olympia, Washington, and effective this 30th day of August, 2000. WASHINGTON UTILITIES AND TRANSPORTATION COMMISSION CAROLE J. WASHBURN Secretary