20090406Compliance Report.pdf

April 3, 2009
HIDA~POR~
An IDACORP Company
Ms. Jean D. Jewell
Idaho Public Utilties Commission
P.O. Box 73720
Boise, ID 83720-0074
Dear Ms. Jewell:
We are submitting the following information in compliance with the Commission's Order No. 30487 in compliance
with the sale of $ 1 00,000,000 principal amount of 6. 1 5% First Mortgage Bonds, Secured Medium-Term Notes,
Series H, due April 1,2019.
The $100,000,000 principal amount of6.l5% First Mortgage Bonds, Secured Medium-Term Notes, Series H, due
April 1, 2019, were issued for the benefit of Idaho Power Company on March 30, 2009 and were on that date
offered for sale to the Public. Underwiters for this issuance were Bane of America Securties, LLC; JP Morgan
Securties Inc.; Wachovia Capital Markets, LLC; RBC Capital Markets Corporation; KeyBanc Capital Markets Inc.;
Wedbush Morgan Securities Inc.; and Piper Jaffay &Company.
1) Receipt and disposition of proceeds:
Accounting for receipt and disposition of proceeds from the sale of the above described bonds is certified to be as
follows:
Proceeds from the sale of $1 00,000,000 6.15% First
Mortgage Bonds, Secured Medium-Term Notes
Series H authorized by Order No. 30487 ......................................$99,815,000
Proceeds utilized for payment of agents fees ................................ $625,000
Proceeds will be used to repay $80,000,000 7.20% First
Mortgage Bonds that matue on December 1, 2009.
Remaining proceeds wil be used fud on-going
business and constrction needs ofIPC ........................................99,190,000 99,815,000
Balance...............................................................$o
2) Rates:
The coupon rate was set at 6.15 percent.
Sincerely,~-ra~
Darrel T. Anderson
Senior Vice President - Administrative Services and Chief Financial Officer