NOTES PAYABLE

Credit Facilities

IDACORP and Idaho Power have in place credit facilities that may be used for general corporate purposes and commercial paper backup. The terms and conditions of those credit facilities are as described in IDACORP's and Idaho Power's Annual Report on Form 10-K for the year ended December 31, 2015.

At March 31, 2016, no loans were outstanding under either IDACORP's or Idaho Power's facilities. At March 31, 2016, Idaho Power had regulatory authority to incur up to $450 million in principal amount of short-term indebtedness at any one time outstanding. Balances (in thousands of dollars) and interest rates of IDACORP’s and Idaho Power's short-term borrowings were as follows at March 31, 2016 and December 31, 2015:



	March 31, 2016									December 31, 2015
	Idaho Power			IDACORP			Total			Idaho Power			IDACORP			Total
Commercial paper outstanding	$	—		$	23,300		$	23,300		$	—		$	20,000		$	20,000
Weighted-average annual interest rate	—		%	0.81		%	0.81		%	—		%	0.88		%	0.88		%