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CORRECTION TO THE WASHINGTON WATER POWER COMPANY REPORTS EARNINGS.

 /C O R R E C T I O N -- THE WASHINGTON WATER POWER COMPANY/
 In SE009, "The Washington Water Power Company Reports Earnings," moved earlier today, we are advised by the company that the headings on the tables were switched. The first table should read, "First Quarter," and the second table should read, "For the 12 Months Ended March 31," rather than as originally issued. A corrected version of the tables follows.
 THE WASHINGTON WATER POWER COMPANY
 CONSOLIDATED COMPARATIVE STATEMENTS OF INCOME (UNAUDITED)
 (Dollars in Thousands except Per-Share Amounts)
 1st Quarter For the
 12 Months
 Ended March 31:
 1992 1991 1992 1991
 OPERATING REVENUES $157,146 $161,297 $562,656 $559,703
 OPERATING EXPENSES:
 Operations and maintenance 71,998 72,709 269,098 269,535
 Administrative and general 12,258 11,056 47,257 43,880
 Depreciation and amortization 13,091 12,936 52,158 48,402
 Taxes other than income taxes 11,324 10,880 40,208 38,268
 Total operating expenses 108,671 107,581 408,721 400,085
 INCOME FROM OPERATIONS 48,475 53,716 153,935 159,618
 INTEREST EXPENSE AND (OTHER INCOME):
 Interest expense 13,150 12,967 52,984 55,334
 Interest capitalized (375) (158) (1,080) (464)
 Gain on sale of subsidiary
 stock (Note A) (6,685) 0 (6,685) 0
 Other - net 1,277 (609) 407 (1,052)
 Total interest expense and
 other - net 7,367 12,200 45,626 53,818
 INCOME BEFORE INCOME TAXES 41,108 41,516 108,309 105,800
 INCOME TAXES 15,600 15,693 37,992 34,261
 INCOME FROM CONTINUING
 OPERATIONS 25,508 25,823 70,317 71,539
 Income from discontinued coal
 mining operations - net of
 income taxes (Note B) 0 0 1,553 13,366
 NET INCOME 25,508 25,823 71,870 84,905
 DEDUCT - Preferred stock
 dividend requirements 1,530 2,409 8,414 7,945
 INCOME AVAILABLE FOR COMMON
 STOCK $ 23,978 $ 23,414 $ 63,456 $ 76,960
 Average common shares
 outstanding (thousands) 24,184 23,246 23,691 23,084
 EARNINGS PER COMMON SHARE:
 From continuing operations $ 0.99 $ 1.01 $ 2.61 $ 2.75
 From discontinued coal
 mining operations (Note A) 0.00 0.00 0.07 0.58
 Total $ 0.99 $ 1.01 $ 2.68 $ 3.33
 DIVIDENDS PER SHARE OF
 COMMON STOCK $ 0.62 $ 0.62 $ 2.48 $ 2.48
 SUPPLEMENTAL INFORMATION
 INCOME FROM CONTINUING OPERATIONS:
 Utility operations $ 21,710 $ 25,411 $ 65,510 $71,118
 Non-utility operations $ 3,798 $ 412 $ 4,807 $ 421
 Note A: The gain resulted from stock issued by the Company's electronics subsidiary for the purpose of acquiring Enscan, an electronics equipment production company.
 Note B: The Company has sold the assets of its coal mining subsidiary to PacifiCorp for $40,800,000. The sale closed on July 31, 1990. The financial statements have been reclassified to reflect the Company's continuing operations.
 -0- 4/21/92 C SE009
 (WWP) CO: The Washington Water Power Company ST: Washington IN: UTI SU: ERN


SC -- SE009A -- 0644 04/21/92 12:19 EDT
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Date:Apr 21, 1992
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