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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

Avista Corp. Spokane utility

Stock symbol: AVA
Reporting period: 1Q

Earnings:

Profit of $28.8 million

52 cents per share

Versus 1Q 2009:

Profit of $31 million

57 cents per share

Revenue:  $456 million

down 6.4 percent from 1Q 2009
Analysis:  A warm January through March led to decreased power consumption and hydroelectric generation, as well as lower revenues. Avista expects to end the year at the low end of its expected earnings range of $1.55 to $1.75 per share. Avista will pay a dividend of 25 cents per common stock share for the first quarter.