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WASHINGTON WATER POWER ANNOUNCES REDEMPTION OF BONDS

 SPOKANE, Wash., March 11 /PRNewswire/ -- The Washington Water Power Company (NYSE: WWP) has announced its intention to redeem the entire $80 million of 9.25 percent Series First Mortgage Bonds due December 1, 2016. The bonds will be redeemed at the general redemption price of 106.48 percent of their principal amount. The redemption date will be April 13, 1993, with interest accruing through April 12, 1993.
 This will be the company's second First Mortgage Bond redemption of the year. In November 1992, WWP announced its intention to redeem the entire $50 million of 10.375 percent Series First Mortgage Bonds due January 1, 2018. The bonds were redeemed January 8, 1993, at the general redemption price of 107.49 percent of their principal amount.
 As a result of the continued drop in interest rates, the company anticipates significant savings in interest costs when it issues new long-term debt later this year.
 For information regarding the bond redemption, bondholders should call the Trustee, Citibank, N.A., at 800-422-2066 or WWP's shareholder services department at 509-482-4548 or 800-727-9170.
 -0- 3/11/93
 /CONTACT: Patrick Lynch of The Washington Water Power Company, 509-482-4246/
 (WWP)


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

LM-JL -- SE003 -- 5065 03/11/93 11:00 EST
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Date:Mar 11, 1993
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