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WASHINGTON WATER POWER ANNOUNCES REDEMPTION OF BONDS

 SPOKANE, Wash., Sept. 23 /PRNewswire/ -- The Washington Water Power Company (NYSE: WWP) has announced its intention to redeem the entire $30 million of 4.625 percent Series First Mortgage Bonds due September 1, 1994. The bonds will be redeemed at the general redemption price of 100 percent of their principal amount. The redemption date will be October 19, 1993, with interest accruing through October 18, 1993.
 As a result of the continued drop in interest rates, the company anticipates significant savings in interest costs when it issues replacement debt.
 For information regarding the bond redemption, bondholders should call the Trustee, Citibank, N.A., at 1-800-422-2066 or WWP's shareholder services department at 509-482-4548 or 1-800-727-9170.
 -0- 9/23/93
 /CONTACT: Patrick Lynch, media contact, 509-482-4246, or Phil Robinson, analyst/broker contact, 509-482-4010, of Washington Water Power/
 (WWP)


CO: Washington Water Power ST: Washington IN: UTI SU:

RB-JH -- SE003 -- 5061 09/23/93 09:03 EDT
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Publication:PR Newswire
Date:Sep 23, 1993
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