20101004Compliance Filing.pdf

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An IDACORP Company
September 30,2010
Ms. Jean D. Jewell
Idaho Public Utilties Commission
P.O. Box 73720
Boise, ID 83720-0074 XPc - f=. - (0--(0
Dear Ms. Jewell:
We are submitting the following information in compliance with the Commission's Order No.
31053 in connection with the sale of $100,000,000 principal amount of 3.40% First Mortgage
Bonds, Secured Medium-Term Notes, Series I, due November 1, 2020 (the "2020 MTNs") and
$100,000,000 principal amount of 4.85% First Mortgage Bonds, Secured Medium-Term Notes,
Series I, due August 15,2040 (the "2040 MTNs").
The 2020 MTNs and 2040 MTNs were issued by Idaho Power Company on August 30, 2010 and
were on that date offered for sale to the public. Underwriters for this issuance were Banc of
America Securities, LLC; JP Morgan Securities Inc.; Wells Fargo Securities, LLC; Mitsubishi
UFJ Securities (USA), Inc.; KeyBanc Capital Markets Inc.; RBC Capital Markets Corporation;
SunTrust Robinson Humphrey, Inc.; and U.S. Bancorp Investments, Inc.
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 $100,000,0003.40% First
Mortgage Bonds, Secured Medium-Term Notes
Series I authorized by Order No. 31053....................... $ 99,501,000
Proceeds from the sale of $100,000,0004.85% First
Mortgage Bonds, Secured Medium-Term Notes
Series I authorized by Order No. 31053....................... 99,830,000
Total proceeds received................................................ $199,331,000
P.O. Box 70 (83707)
1221 W.ldaho St.
Boise, 10 83702
Ms. Jewell Page 2 of2
Proceeds used for payment of agents fees....................1,375,000
Proceeds wil be used to repay $120,000,000 6.60%
First Mortgage Bonds that mature on March 2,2011.
Remaining proceeds wil be used to fud on-going
business and construction needs of IPC .......................197,956,000
Total use of proceeds ........... .........................................
Balance...................................................
2) Rates:
The coupon rate for the 2020 MTNs was set at 3.40 percent.
The coupon rate for 2040 MTNs was set at 4.85 percent.
Sincerely,
~r.~
Darel T. Anderson
Executive Vice President - Administrative Services and Chief Financial Officer
September 30, 2010
199,331,000
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