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<PAGE> 1
EXHIBIT 12
AVISTA CORPORATION
Computation of Ratio of Earnings to Fixed Charges and
Preferred Dividend Requirements Consolidated
(Thousands of Dollars)
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12 Mos.
Ended Years Ended December 31
June 30, -----------------------------------------------------
2000 1999 1998 1997 1996
-------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C>
Fixed charges, as defined:
Interest on long-term debt $ 60,213 $ 62,032 $ 66,218 $ 63,413 $ 60,256
Amortization of debt expense
and premium - net 3,071 3,044 2,859 2,862 2,998
Interest portion of rentals 4,476 4,645 4,301 4,354 4,311
-------- -------- -------- -------- --------
Total fixed charges $ 67,760 $ 69,721 $ 73,378 $ 70,629 $ 67,565
======== ======== ======== ======== ========
Earnings, as defined:
Net income from continuing ops $(12,834) $ 26,031 $ 78,139 $114,797 $ 83,453
Add (deduct):
Income tax expense 5,757 16,740 43,335 61,075 49,509
Total fixed charges above 67,760 69,721 73,378 70,629 67,565
-------- -------- -------- -------- --------
Total earnings $ 60,683 $112,492 $194,852 $246,501 $200,527
======== ======== ======== ======== ========
Ratio of earnings to fixed charges ..... 0.90 1.61 2.66 3.49 2.97
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