SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549


                               AMENDMENT NO. 1 TO
                                    FORM 8-K
                  (AMENDING FORM 8-K FILED ON AUGUST 9, 2000)

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934





Date of report (Date of earliest event reported) August 9, 2000 (August 8, 2000)
                                                 -------------------------------

                                  IDACORP, INC.
               --------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)


           Idaho                       1-14465                   82-0505802
- --------------------------------------------------------------------------------
(State or Other Jurisdiction         (Commission                (IRS Employer
     of Incorporation)              File Number)             Identification No.)


1221 W. Idaho Street, Boise, ID                                       83702-5627
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices)                              (Zip Code)


Registrant's telephone number, including area code  (208) 388-2200
                                                    ----------------------------


- --------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)



Item 5.  Other Events.

     On  August  8,  2000,  IDACORP,  Inc.  (the  "Company")  announced  a share
repurchase  program to acquire up to 350,000 of its outstanding shares of common
stock,  $2.50 par value per share  (the  "Common  Stock")  over up to a 12 month
period. The purchases may be made in open market  transactions,  including block
purchases, or in privately negotiated transactions. The shares to be repurchased
represent less than 1% of the Company's  37.6 million  shares  outstanding as of
August 8, 2000.  The stock may be purchased  from time to time as the  Company's
financial  condition and market conditions  permit.  There is no assurance as to
the actual number of shares that will be  repurchased  under the program and, in
fact,  the program can be suspended  by the Board of Directors at any time.  The
Company  will use its cash on hand or  short  term  borrowings  to  acquire  the
shares.  Repurchased shares will be used for ongoing and future  acquisitions or
other corporate  purposes,  including the acquisition of RMC Holdings,  Inc. The
Company  previously  filed a Form 8-K regarding  this  transaction  on August 9,
2000,  but is filing this  Amendment  No. 1 to Form 8-K in order to evidence the
amended press release which was released by the Company on that date.

     This news  release may contain  forward-looking  statements  regarding  the
Company's  current  expectations.  These  statements are subject to a variety of
risks and  uncertainties  that could cause actual  results to differ  materially
from the  expectations.  These risks and uncertainties  include,  in addition to
those discussed  herein,  all of the factors  discussed in the Company's  Annual
Report on Form 10-K for the year 1999 and the Quarterly Reports on Form 10-Q for
the quarters  ended March 31, 2000 and June 30, 2000.  The results of operations
for the interim  periods  are not  necessarily  indicative  of the results to be
expected for the full year.


                                    SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                IDACORP, INC.

Dated: August 9, 2000
                                By: /s/ J. LaMont Keen
                                Name: J. LaMont Keen
                                Title:   Senior Vice President of Administration
                                         and Chief Financial Officer

                                        2


                                  Exhibit Index

Exhibit Number           Description

99.1              Press Release of IDACORP, Inc. issued on August 8, 2000.

Aug. 8, 2000  FOR IMMEDIATE RELEASE
Russ Jones (208) 388-2217

IDACORP Announces Plans To Repurchase Stock

BOISE - IDACORP,  Inc. (NYSE:IDA) today announced its intention to repurchase up
to 350,000  shares of  outstanding  common  stock in open  market  transactions,
including block purchases, or in privately negotiated transactions.

The company's board of directors  approved the stock repurchase  program as part
of the acquisition of Rocky Mountain Communications, Inc.

The  stock  repurchases  will be made in  compliance  with  the  Securities  and
Exchange  Commission's Rule 10b-18, and will be dependent upon market conditions
and the  availability  of common stock.  The shares to be repurchased  represent
less than 1 percent of the company's 37.6 million shares  outstanding as of Aug.
8.

"The company will purchase  outstanding  shares and  distribute  them to current
RMCI  shareowners as partial payment for the RMCI  acquisition that we announced
last week," said Senior Vice  President  and Chief  Financial  Officer J. LaMont
Keen.  "This  structure  is intended to provide a tax  advantage  to RMCI owners
without diluting IDACORP earnings per share through the issuance of new shares."

Keen  said  the  stock  may be  purchased  from  time to  time as the  company's
financial  condition and market conditions  permit.  There is no assurance as to
the actual number of shares that will be  repurchased  under the program and, in
fact, the program can be suspended by the board at any time.

IDACORP,  Inc.,  formed  in 1998,  is the  holding  company  over the  regulated
electric  utility,  Idaho Power  Company,  and the  non-regulated  activities of
Ida-West  Energy  Company,   its  independent   power  project   management  and
development  arm;  IDACORP  Energy,  a  marketer  of energy  and  energy-related
products and services;  IDACORP Services, a marketer of products and services to
residential and business  customers;  IDACORP  Financial  Services,  which makes
non-utility  investments,  primarily in affordable housing projects; and IDACORP
Technologies, a subsidiary focused on new, clean energy technologies.

This news release may contain forward-looking statements regarding the company's
current  expectations.  These  statements  are subject to a variety of risks and
uncertainties  that  could  cause  actual  results  to  differ  materially  from
expectations.  These  risks and  uncertainties  include,  in  addition  to those
discussed herein, all of the factors discussed in the company's Annual Report on
Form  10-K for the year  1999 and the  quarterly  Reports  on Form  10-Q for the
quarters  ended March 31 and June 30, 2000.  The results of  operations  for the
interim periods are not necessarily indicative of the results to be expected for
the full year.

                                        3