28967.doc

BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION

IN THE MATTER OF THE APPLICATION OF IDAHO POWER COMPANY FOR AUTHORITY TO INCUR UP TO $300,000,000 ADDITIONAL SHORT-TERM DEBT.
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CASE NO. IPC-E-01-5

ORDER NO. 28967

On February 27, 2002, Idaho Power Company (Idaho Power) filed an Application with the Commission requesting an extension of the Commission’s Order No. 28651 in this Case to March 31, 2002. Order No. 28651 authorizes the Company to make short-term borrowings and to issue unsecured notes (including renewal notes) in an amount of up to $300,000,000 aggregate principal amount.
Pursuant to Idaho Code § 61-624, the Commission has the authority to amend a prior Order at any time upon notice to the affected public utility. Upon due consideration of Idaho Power’s Application, and in light of the limited extension requested by Idaho Power, the Commission grants Idaho Power’s Application for an extension of the debt authority approved in Order No. 28651 to March 31, 2002.
O R D E R
it is hereby ordered that the authorization of Idaho Power Company to incur up to $300,000,000 aggregate principal amount of short-term borrowing authority as set forth in Order No. 28651 is hereby extended to March 31, 2002. The authority granted to Idaho Power hereunder shall be subject in all respects to the terms and conditions and limitations set forth in Order No. 28651.
IT IS FURTHER ORDERED that the foregoing authorization is without prejudice to the regulatory authority of this Commission with respect to rates, utility capital structure, service, accounts, evaluation, estimates for determination of cost or any other matter which may come before this Commission pursuant to its jurisdiction and authority as provided by law.
IT IS FURTHER ORDERED that nothing in this Order and no provisions of Title 61, Chapter 9, Idaho Code, or any act or deed done or performed in connection therewith shall be construed to obligate the state of Idaho to pay or guarantee in any manner whatsoever any security authorized, issued, assumed or guaranteed under the provisions of said Title 61, Chapter 9, Idaho Code.
IT IS FURTHER ORDERED that issuance of this Order does not constitute acceptance of Idaho Power’s exhibits or other material accompanying the Application for any purpose other than the issuance of this Order.
THIS IS A FINAL ORDER. Any person interested in this Order (or in issues finally decided by this Order) or in interlocutory Orders previously issued in this Case No. IPC-E-01-5 may petition for reconsideration within twenty-one (21) days of the service date of this Order with regard to any matter decided in this Order or in interlocutory Orders previously issued in this Case No. IPC-E-01-5. Within seven (7) days after any person has petitioned for reconsideration, any other person may cross-petition for reconsideration. See Idaho Code Section 61-626.
DONE by Order of the Idaho Public Utilities Commission at Boise, Idaho, this
day of February 2002.

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PAUL KJELLANDER, PRESIDENT

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MARSHA H. SMITH, COMMISSIONER

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DENNIS S. HANSEN, COMMISSIONER

ATTEST:

_________________________________
Jean D. Jewell
Commission Secretary

O:IPCE015_ln
ORDER NO. 28967 1

Office of the Secretary
Service Date
February 27, 2002