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Posted 16 May 2001   For week ended May 18, 2001
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Sent on Mormon-News: 15May01

By Kent Larsen

Mormon Businessman Elected Chairman of Billion-dollar Energy Company

SPOKANE, WASHINGTON -- Avista Corporation's board of directors has named Gary G. Ely its chairman just six months after it named the 34-year company veteran President and CEO. Ely, who is Mormon, is a graduate of Brigham Young University. He has also played a key role in turning around two of the company's subsidiaries, returning them to financial strength.

"Gary has repeatedly proven himself as an innovative and respected leader. Gary has a long history of industry leadership, and he is committed to our employees, our customers and our shareholders. He is clearly the right person to lead Avista," said Larry A. Stanley, Ely's predecessor as chairman of the board. Ely played a key role in helping the financially troubled Avista Utilites, its traditional regulated natural gas and electric utility, regain its financial strength. He also led the financial turnaround at the company's unregulated Avista Engergy unit, which trades and markets natural gas and electricity throughout the Western US.

Since joining Avista Corp. in 1967, Ely has been involved in every aspect of the business, from its engineering and operations to its marketing and rate and regulatory relations.

Avista Corp. was added to Mormon News' Mormon Stock Index on Monday, and will first appear in next week's listings. The company joins 26 other companies on the Index with Mormons in significant leadership and executive positions. It is also the second energy company on the Index.


Avista Corp. Board Elects Gary G. Ely as Chairman
Avista Corp Press Release 14May01 B2
Ely now holds top three executive leadership roles at Avista


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