-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KB6GdVCj6j7jN15gA+vqhvFftoPWOgVmUEElkDGYAVhoutAQv2vsUIgCijG3dKfH /lvtdzbWDuIykyWqeXtC+A== 0000930413-10-004605.txt : 20100825 0000930413-10-004605.hdr.sgml : 20100825 20100825171041 ACCESSION NUMBER: 0000930413-10-004605 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100825 DATE AS OF CHANGE: 20100825 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: IDAHO POWER CO CENTRAL INDEX KEY: 0000049648 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 820130980 STATE OF INCORPORATION: ID FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-166774 FILM NUMBER: 101038309 BUSINESS ADDRESS: STREET 1: 1221 W IDAHO ST STREET 2: PO BOX 70 CITY: BOISE STATE: ID ZIP: 83702 BUSINESS PHONE: 2083882200 MAIL ADDRESS: STREET 1: PO BOX 70 STREET 2: 1221 W IDAHO STREET CITY: BOISE STATE: ID ZIP: 83702-5627 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: IDAHO POWER CO CENTRAL INDEX KEY: 0000049648 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 820130980 STATE OF INCORPORATION: ID FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1221 W IDAHO ST STREET 2: PO BOX 70 CITY: BOISE STATE: ID ZIP: 83702 BUSINESS PHONE: 2083882200 MAIL ADDRESS: STREET 1: PO BOX 70 STREET 2: 1221 W IDAHO STREET CITY: BOISE STATE: ID ZIP: 83702-5627 FWP 1 c62624_fwp.htm

Filed pursuant to Rule 433

Registration No. 333-166774

August 25, 2010

Final Term Sheet

4.85% First Mortgage Bonds due 2040

Secured Medium-Term Notes, Series I

IDAHO POWER COMPANY


Issuer: Idaho Power Company Trade Date: August 25, 2010 Original Issue Date/Settlement Date: August 30, 2010, which is the third business day following the Trade Date Principal Amount: $100,000,000 Price to Public: 99.830% of Principal Amount, plus accrued interest from the Original Issue Date Purchasers’ Discount: 0.750% Proceeds to the Company: 99.080% Interest Rate: 4.85% per annum Anticipated Ratings:* Standard & Poor’s Ratings Services: “A-” Moody’s Investors Service: “A2” Fitch Ratings: “A-”			Interest Payment Dates: February 15 and August 15, commencing February 15, 2011 Redemption: As specified in Pricing Supplement No. 2 dated August 25, 2010 Make-whole Call: Prior to February 15, 2040, the greater of (i) 100% of the principal amount to be redeemed and (ii) an amount to be determined using a discount rate equal to the Treasury Rate plus 20 basis points Par Call: On or after February 15, 2040, 100% of the principal amount to be redeemed Maturity Date: August 15, 2040 CUSIP: 45138LAY9 Purchasers: Banc of America Securities LLC ($27,500,000) J.P. Morgan Securities Inc. ($25,000,000) Wells Fargo Securities, LLC ($25,000,000) Mitsubishi UFJ Securities (USA), Inc. ($10,500,000) KeyBanc Capital Markets Inc. ($3,000,000) RBC Capital Markets Corporation ($3,000,000) SunTrust Robinson Humphrey, Inc. ($3,000,000) U.S. Bancorp Investments, Inc. ($3,000,000)
	*	A securities rating is not a recommendation to buy, sell or hold securities and may be subject to review, revision, suspension or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Banc of America Securities LLC toll free at 1-800-294-1322, J.P. Morgan Securities Inc. collect at 1-212-834-4533 or Wells Fargo Securities, LLC at 1-800-326-5897.

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