20231025Compliance Filing.pdf

September 22,2023
Ms.Jean D.Jewell
Idaho Public Utilities Commission
P.O.Box 73720
Boise,ID 83720-0074
Dear Ms.Jewell:
We are submitting the followinginformation in compliance with the Commission's Order No.
35420 in connection with the sale of $350,000,000 principal amount of 5.80%First Mortgage
Bonds,Secured Medium-Term Notes,Series M,due April 1,2054 (the "2054 MTNs").
The 2054 MTNs were issued by Idaho Power Company on September 11,2023 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;BofA Securities,Inc.;MUFG Securities Americas 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 $350,000,000 5.80%First
Mortgage Bonds,Secured Medium-Term Notes
Series M authorized by Order No.35420 ....................$346,766,000
Total proceeds received......................................$346,766,000
Proceeds used for payment of agent fees......................$3,062,500
Proceeds will be used to fund a portion of capital
expenditures and general corporate purposes...$343,703,500
1221 W.Idaho St.(83702)
P.O.Box 70
Boise,ID 83707