Avista Corp Sample Contracts

Avista Corp – Contact: Media: Laurine Jue (509) 495-2510 laurine.jue@avistacorp.com Investors: John Wilcox (509) 495-4171 john.wilcox@avistacorp.com Avista 24/7 Media Access (509) 495-4174 (August 7th, 2019)

SPOKANE, Wash. – Aug. 7, 2019, 4:05 a.m. PDT: Avista Corp. (NYSE: AVA) today reported net income attributable to Avista Corp. shareholders of $25.3 million, or $0.38 per diluted share for the second quarter of 2019, compared to $25.6 million, or $0.39 per diluted share for the second quarter of 2018. For the six months ended June 30, 2019, net income attributable to Avista Corp. shareholders was $141.1 million, or $2.14 per diluted share, compared to $80.5 million, or $1.22 per diluted share for the six months ended June 30, 2018.

Avista Corp – Our focus in 2019 . Avista Corp and Hydro One filed termination of Merger Agreement on Jan. 23, 2019 . Received termination fee of $103 million from Hydro One . Remain focused on running a great utility and providing reliable energy service to our customers . Invest prudent capital in our utility infrastructure to maintain and enhance our system . Reduce regulatory lag and more closely align earned returns with those authorized Photo: Noxon Rapids Dam . Maintain appropriate capital structure . Commitment to renewable energy . Begin process of joining Western Energy Imbalance Market . Clean ene (May 20th, 2019)
Avista Corp – Contact: Media: Casey Fielder (509) 495-4916 casey.fielder@avistacorp.com Investors: John Wilcox (509) 495-4171 john.wilcox@avistacorp.com Avista 24/7 Media Access (509) 495-4174 (May 2nd, 2019)

SPOKANE, Wash. – May 2, 2019, 4:05 a.m. PDT: Avista Corp. (NYSE: AVA) today reported net income attributable to Avista Corp. shareholders of $115.8 million, or $1.76 per diluted share for the first quarter of 2019, compared to $54.9 million, or $0.83 per diluted share for the first quarter of 2018.

Avista Corp – Our focus in 2019 . Avista Corp and Hydro One filed termination of Merger Agreement on Jan. 23, 2019 . Received termination fee of $103 million from Hydro One . Remain focused on running a great utility and providing reliable energy service to our customers . Reduce regulatory lag and more closely align earned returns with those authorized 3 (March 19th, 2019)
Avista Corp – Long-Term Incentive Plan Avista Corporation Adopted by the Shareholders on May 14, 1998 Amended and Restated January 19, 2016 (February 20th, 2019)
Avista Corp – AVISTA CORPORATION PERFORMANCE AWARD AGREEMENT (February 20th, 2019)

This Performance Award Agreement (the “Agreement”) is made by and between Avista Corporation, a Washington Corporation (the “Company”) and the individual named in section 1 (the “Participant”) as designated by the Avista Corporation Compensation and Organization Committee (the “Plan

Avista Corp – Contact: Media: Casey Fielder (509) 495-4916 casey.fielder@avistacorp.com Investors: Jason Lang (509) 495-2930 jason.lang@avistacorp.com Avista 24/7 Media Access (509) 495-4174 (February 8th, 2019)

SPOKANE, Wash. – Feb. 8, 2019, 4:05 a.m. PT: Avista Corp. (NYSE: AVA) today reported net income attributable to Avista Corp. shareholders of $136.4 million, or $2.07 per diluted share, for the year ended Dec. 31, 2018, compared to $115.9 million, or $1.79 per diluted share for the year ended Dec. 31, 2017.

Avista Corp – January 23, 2019 (January 24th, 2019)

Reference is hereby made to that certain Agreement and Plan of Merger, dated as of July 19, 2017 (the “Merger Agreement”), by and among Hydro One Limited, a corporation organized under the laws of the Province of Ontario (the “Parent”), Olympus Holding Corp., a Delaware corporation (“US Parent”), Olympus Corp., a Washington corporation and a wholly owned subsidiary of US Parent (“Merger Sub”), and Avista Corporation, a Washington corporation (the “Company”). Parent, US Parent, Merger Sub and the Company are hereinafter collectively referred to as the “Parties” and each individually as a “Party”. Capitalized terms used herein and not otherwise defined herein have the respective meanings ascribed to such terms in the Merger Agreement.

Avista Corp – Press Release (January 24th, 2019)

TORONTO and SPOKANE, WA, January 23, 2019 – Hydro One Limited (“Hydro One”) (TSX: H) and Avista Corporation (“Avista”) (NYSE: AVA) today announced that the companies have mutually agreed to terminate their previously announced merger agreement. This decision follows the recent orders by the Washington Utilities and Transportation Commission and the Idaho Public Utilities Commission which denied approval of the merger. After careful consideration and analysis of the likelihood of achieving a timely reversal of those orders, the Boards of Directors of Hydro One and Avista each individually determined that termination of the merger agreement is the best course of action for the companies and their respective shareholders.

Avista Corp – Press Release (January 18th, 2019)

TORONTO and SPOKANE, WA, January 15, 2019 – Hydro One Limited (“Hydro One”) (TSX: H) and Avista Corporation (“Avista”) today announced that in light of the recent decisions by the Washington Utilities and Transportation Commission and the Idaho Public Utilities Commission to deny Hydro One’s acquisition of Avista, the Oregon Public Utility Commission (“OPUC”) issued an order (“Order 19-008”) suspending indefinitely the current procedural schedule in its merger docket until Hydro One and Avista inform the OPUC that they have sought a reversal of the denial decisions through appeal or other means that would provide a justiciable issue for the OPUC to address.

Avista Corp – Press Release (January 9th, 2019)

TORONTO and SPOKANE, WA, January 8, 2019 – Today, the Washington Utilities and Transportation Commission (“UTC”) gave notice (“Notice”) of the deemed denial by operation of law of the petition filed by Hydro One Limited (“Hydro One”) (TSX: H) and Avista Corporation (“Avista”) (NYSE: AVA) requesting the UTC to reconsider its denial of approval for Hydro One’s acquisition of Avista. In the same Notice, the UTC also denied the petition for a rehearing on the basis that it is moot. The companies are disappointed in the UTC's decision and will determine the appropriate next steps.

Avista Corp – Press Release (January 4th, 2019)

TORONTO and SPOKANE, WA, January 3, 2019 – Hydro One Limited (“Hydro One”) (TSX: H) and Avista Corporation (“Avista”) (NYSE: AVA) received a regulatory decision from the Idaho Public Utilities Commission (the “Commission”), denying the proposed merger of the two companies. The companies are disappointed in the Commission's decision, are reviewing the order in detail and will determine the appropriate next steps.

Avista Corp – Press Release (December 19th, 2018)

TORONTO and SPOKANE, WA, Dec. 17, 2018 – As announced on December 10, 2018, Hydro One Limited (“Hydro One”) (TSX: H) and Avista Corporation (“Avista”) (NYSE: AVA) today filed a petition requesting that the Washington Utilities and Transportation Commission (“UTC”) reconsider its December 5, 2018 order denying approval of Hydro One’s acquisition of Avista, together with a petition requesting that the UTC rehear the matter to accept new evidence.

Avista Corp – Press Release (December 11th, 2018)

TORONTO and SPOKANE, WA, Dec. 10, 2018 – Hydro One Limited (“Hydro One”) (TSX: H) and Avista Corporation (“Avista”) (NYSE: AVA) will file a petition no later than December 17, 2018 with the Washington Utilities and Transportation Commission (UTC) requesting the UTC to reconsider its December 5, 2018 order denying approval of Hydro One’s acquisition of Avista.

Avista Corp – Press Release (December 6th, 2018)

TORONTO and SPOKANE, WA, Dec. 5, 2018 – Hydro One Limited (“Hydro One”) (TSX: H) and Avista Corporation (“Avista”) (NYSE: AVA) today received a regulatory decision from the Washington Utilities and Transportation Commission (UTC), denying the proposed merger of the two companies. The companies are extremely disappointed in the UTC’s decision, are reviewing the order in detail and will determine the appropriate next steps.

Avista Corp – Contact: Media: Casey Fielder (509) 495-4916 casey.fielder@avistacorp.com Investors: Jason Lang (509) 495-2930 jason.lang@avistacorp.com Avista 24/7 Media Access (509) 495-4174 (November 7th, 2018)

SPOKANE, Wash. – Nov. 7, 2018, 4:05 a.m. PT: Avista Corp. (NYSE: AVA) today reported net income attributable to Avista Corp. shareholders of $10.1 million, or $0.15 per diluted share for the third quarter of 2018, compared to $4.5 million, or $0.07 per diluted share for the third quarter of 2017. For the nine months ended Sept. 30, 2018, net income attributable to Avista Corp. shareholders was $90.6 million, or $1.37 per diluted share, compared to $88.3 million, or $1.37 per diluted share for the nine months ended Sept. 30, 2017.

Avista Corp – Contact: Media: Casey Fielder (509) 495-4916 casey.fielder@avistacorp.com Investors: Lauren Pendergraft (509) 495-2998 lauren.pendergraft@avistacorp.com Avista 24/7 Media Access (509) 495-4174 (August 1st, 2018)

SPOKANE, Wash. – Aug. 1, 2018, 4:05 a.m. PDT: Avista Corp. (NYSE: AVA) today reported net income attributable to Avista Corp. shareholders of $25.6 million, or $0.39 per diluted share for the second quarter of 2018, compared to $21.8 million, or $0.34 per diluted share for the second quarter of 2017. For the six months ended June 30, 2018, net income attributable to Avista Corp. shareholders was $80.5 million, or $1.22 per diluted share, compared to $83.9 million, or $1.30 per diluted share for the six months ended June 30, 2017.

Avista Corp – AVISTA CORPORATION TO CITIBANK, N.A. As Successor Trustee under Mortgage and Deed of Trust, dated as of June 1, 1939 Sixty-first Supplemental Indenture Providing among other things for a series of bonds designated Due June 1, 2048 Dated as of May 1, 2018 (May 21st, 2018)

THIS INDENTURE, dated as of the 1st day of May, 2018, between AVISTA CORPORATION (formerly known as The Washington Water Power Company), a corporation of the State of Washington, whose post office address is 1411 East Mission Avenue, Spokane, Washington 99202 (the “Company”), and CITIBANK, N.A., formerly First National City Bank (successor by merger to First National City Trust Company, formerly City Bank Farmers Trust Company), a national banking association incorporated and existing under the laws of the United States of America, whose post office address is 388 Greenwich Street, 14th Floor, New York, New York 10013, as trustee (the “Trustee”) under the Mortgage and Deed of Trust, dated as of June 1, 1939 (the “Original Mortgage”), executed and delivered by the Company to secure the payment of bonds issued or to be issued under and in accordance with the provisions thereof, this indenture (the “Sixty-first Supplemental Indenture”) being supplemental to the Original Mortgage, as heret

Avista Corp – AVISTA CORPORATION (a Washington corporation) First Mortgage Bonds, 4.35% Series due 2048 UNDERWRITING AGREEMENT (May 21st, 2018)
Avista Corp – STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE (May 21st, 2018)
Avista Corp – Contact: Media: Casey Fielder (509) 495-4916 casey.fielder@avistacorp.com Investors: Lauren Pendergraft (509) 495-2998 lauren.pendergraft@avistacorp.com Avista 24/7 Media Access (509) 495-4174 (May 2nd, 2018)

SPOKANE, Wash. – May 2, 2018, 4:05 a.m. PDT: Avista Corp. (NYSE: AVA) today reported net income attributable to Avista Corp. shareholders of $54.9 million, or $0.83 per diluted share for the first quarter of 2018, compared to $62.1 million, or $0.96 per diluted share for the first quarter of 2017.

Avista Corp – Continued focus on financial performance 4  Increased quarterly dividend 4.2% to $0.3725  16th consecutive year of dividend increases  In 2018, we expect to issue approximately $375 million of long-term debt and up to $85 million of equity.  Equity issuances may come from sales agency agreements or from an equity contribution from Hydro One upon consummation of the acquisition or from a combination of those sources  2018 earnings guidance to be provided during Q1 earnings call after conclusion of the Washington general rate case  Expect order on or before April 26 $1.85 $3.10 $1.97 $2.15 (March 21st, 2018)
Avista Corp – Avista Corporation Executive Deferral Plan (2011 Component) (February 21st, 2018)

The purpose of this Plan, as amended and restated effective January 1, 2016, is to provide specified benefits to a select group of management and highly compensated Employees who contribute materially to the continued growth, development and future business success of Avista Corporation, a Washington corporation, and its affiliates, if any, that sponsor this Plan. This Plan is a component of the Avista Corporation Executive Deferral Plan and shall be unfunded for tax purposes and for purposes of Title I of ERISA.

Avista Corp – Avista Corporation Executive Deferral Plan (2005 Component) (February 21st, 2018)

The purpose of this Plan, as amended and restated effective January 1, 2016, is to provide specified benefits to a select group of management and highly compensated Employees who contribute materially to the continued growth, development and future business success of Avista Corporation, a Washington corporation, and its affiliates, if any, that sponsor this Plan. This Plan is a component of the Avista Corporation Executive Deferral Plan and shall be unfunded for tax purposes and for purposes of Title I of ERISA.

Avista Corp – Contact: Media: Casey Fielder (509) 495-4916 casey.fielder@avistacorp.com Investors: Lauren Pendergraft (509) 495-2998 lauren.pendergraft@avistacorp.com Avista 24/7 Media Access (509) 495-4174 (February 21st, 2018)

SPOKANE, Wash. – Feb. 21, 2018, 4:05 a.m. PT: Avista Corp. (NYSE: AVA) today reported net income attributable to Avista Corp. shareholders of $115.9 million, or $1.79 per diluted share, for the year ended Dec. 31, 2017, compared to $137.2 million, or $2.15 per diluted share for the year ended Dec. 31, 2016.

Avista Corp – Avista Corporation Executive Deferral Plan (2016 Component) (February 21st, 2018)

The purpose of this Plan, effective January 1, 2016, is to provide specified benefits to a select group of management and highly compensated Employees who contribute materially to the continued growth, development and future business success of Avista Corporation, a Washington corporation, and its affiliates, if any, that sponsor this Plan. This Plan is a component of the Avista Corporation Executive Deferral Plan and shall be unfunded for tax purposes and for purposes of Title I of ERISA.

Avista Corp – AVISTA CORPORATION PERFORMANCE AWARD AGREEMENT (February 21st, 2018)

This Performance Award Agreement (the “Agreement”) is made by and between Avista Corporation, a Washington Corporation (the “Company”) and the individual named in section 1 (the “Participant”) as designated by the Avista Corporation Compensation and Organization Committee (the “Plan

Avista Corp – As Successor Trustee under Mortgage and Deed of Trust, (December 18th, 2017)

THIS INDENTURE, dated as of the 1st day of December, 2017, between AVISTA CORPORATION (formerly known as The Washington Water Power Company), a corporation of the State of Washington, whose post office address is 1411 East Mission Avenue, Spokane, Washington 99202 (the “Company”), and CITIBANK, N.A., formerly First National City Bank (successor by merger to First National City Trust Company, formerly City Bank Farmers Trust Company), a national banking association incorporated and existing under the laws of the United States of America, whose post office address is 388 Greenwich Street, 14th Floor, New York, New York 10013 (the “Trustee”), as Trustee under the Mortgage and Deed of Trust, dated as of June 1, 1939 (the “Original Mortgage”), executed and delivered by the Company to secure the payment of bonds issued or to be issued under and in accordance with the provisions thereof, this indenture (the “Sixtieth Supplemental Indenture”) being supplemental to the Original Mortgage, as her

Avista Corp – All forward-looking statements are Avista management’s present expectations of future events and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For more information on such factors and uncertainties, consult Avista’s most recent form 10-K and 10-Q, which are available on our website at www.avistacorp.com Disclaimer 2 (December 5th, 2017)
Avista Corp – Contact: Media: Casey Fielder (509) 495-4916 casey.fielder@avistacorp.com Investors: Lauren Pendergraft (509) 495-2998 lauren.pendergraft@avistacorp.com Avista 24/7 Media Access (509) 495-4174 (November 1st, 2017)

SPOKANE, Wash. – Nov. 1, 2017, 4:05 a.m. PDT: Avista Corp. (NYSE: AVA) today reported net income attributable to Avista Corp. shareholders of $4.5 million, or $0.07 per diluted share for the third quarter of 2017, compared to $12.2 million, or $0.19 per diluted share for the third quarter of 2016. For the nine months ended Sept. 30, 2017, net income attributable to Avista Corp. shareholders was $88.3 million, or $1.37 per diluted share, compared to $97.1 million, or $1.53 per diluted share for the nine months ended Sept. 30, 2016.

Avista Corp – Press Release (September 14th, 2017)
Avista Corp – Contact: Media: Casey Fielder (509) 495-4916 casey.fielder@avistacorp.com Investors: Jason Lang (509) 495-2930 jason.lang@avistacorp.com Avista 24/7 Media Access (509) 495-4174 (August 2nd, 2017)

SPOKANE, Wash. – Aug. 2, 2017, 4:05 a.m. PDT: Avista Corp. (NYSE: AVA) today reported net income attributable to Avista Corp. shareholders of $21.8 million, or $0.34 per diluted share for the second quarter of 2017, compared to $27.3 million, or $0.43 per diluted share for the second quarter of 2016. For the six months ended June 30, 2017, net income attributable to Avista Corp. shareholders was $83.9 million, or $1.30 per diluted share, compared to $84.9 million, or $1.34 per diluted share for the six months ended June 30, 2016.

Avista Corp – Press Release (July 19th, 2017)

• Establishes one of North America’s largest regulated utilities with over C$32.2 billion (US$25.4 billion) in assets and a leader in electricity transmission and distribution as well as natural gas local distribution businesses

Avista Corp – AGREEMENT AND PLAN OF MERGER Dated as of July 19, 2017, by and among HYDRO ONE LIMITED, OLYMPUS HOLDING CORP., OLYMPUS CORP. and AVISTA CORPORATION (July 19th, 2017)

This AGREEMENT AND PLAN OF MERGER, dated as of July 19, 2017 (this “Agreement”), is entered into by and among Hydro One Limited, a corporation organized under the laws of the Province of Ontario (“Parent”), Olympus Holding Corp., a Delaware corporation (“US Parent”), Olympus Corp., a Washington corporation and a wholly owned Subsidiary of US Parent (“Merger Sub”), and Avista Corporation, a Washington corporation (the “Company”). Defined terms used herein have the respective meanings set forth in Section 8.13.

Avista Corp – All forward-looking statements are Avista management’s present expectations of future events and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For more information on such factors and uncertainties, consult Avista’s most recent form 10-K and 10-Q, which are available on our website at www.avistacorp.com Disclaimer 2 (May 31st, 2017)