20180418Disposition of Proceeds.pdf

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RECEIVED
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Apr 16,2018 tPc-€'tco{
Ms. Jean D. Jewell
Idaho Public Utilities 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.
3 3 5 1 3 in connection with the sale of $220,000,000 principal amount of 4 .20%o First Mortgage
Bonds, Secured Medium-TermNotes, Series K, due March 1,2048 (the "2048 MTNs").
The 2048 MTNs were issued by Idaho Power Company on March 16,2018 and were on that date
offered for sale to the public. Underwriters for this issuance were J.P. Morgan Securities LLC;
Wells Fargo Securities, LLC; Bank of America Merrill Lynch, Inc.; KeyBanc Capital Markets
Inc.; Mitsubishi UFJ Financial Group; BNY Mellon Capital Markets, LLC; and U.S. Bancorp
Investments, Inc.
An IDACORP Company
1) Receipt and disposition of proceeds:
Accounting for receipt and disposition of proceeds from the sale of the above described bonds is
certified to be as follows:
Proceeds from the sale of S220,000,000 4.20% First
Mortgage Bonds, Secured Medium-Term Notes
Series K authorized by Order No. 33513 s 219,186,000
Total proceeds received....$ 219,186,000
PO. Box 70 (83707)
1221 W. ldaho St^
Boise, lD 83702
Ms. Jewell Page2 of2 April 16,2018
Proceeds used for payment of agents fees..1,650,000
Proceeds will be used to pay prior to maturity
$130,000,000 450% First Mortgage Bonds that
mature on March 1,2020 and fund a portion of
capital requirements.
Total use ofproceeds 217.536.000
Balance $____________0
2) Rates:
The coupon rate for the 2048 MTNs was set at 4.20 percent.
Sincerely
-"i+_
Senior Vice President - Chief Financial Officer and Treasurer
217.536.000