ITEM 8.01 OTHER EVENTS.

On November 20, 2008, IDACORP, Inc. (the Company) filed a registration statement on Form S-3 for common stock and debt securities. In this filing, the Company was not registering additional securities, but rather was replacing two prior shelf registration statements that had been effective for more than three years.

This filing was made to comply with Rule 415(a)(5) of the Securities Act of 1933, which states that companies may not sell securities pursuant to most shelf registration statements that have been effective for more than three years. For registration statements that became effective before December 1, 2005, the date the new rule became effective, the three-year period began on December 1, 2005. Therefore, the Company needed to file its replacement registration statement before December 1, 2008.

This new registration statement replaces (i) Registration Statement No. 333-64737, which the Company filed on September 30, 1998 registering $300 million of securities, all of which remain unsold and (ii) Registration Statement No. 333-83434, which the Company filed on February 26, 2002 registering $500 million of securities, of which approximately $299 million remain unsold.

The Company will also file a replacement registration statement for its Dividend Reinvestment and Stock Purchase Plan prior to December 1, 2008.

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