Pricing Supplement No. 3 Dated September 27, 1996 Rule 424(b)(5)
File No. 33-51215
(To Prospectus dated December 8, 1993 and
Prospectus Supplement dated December 17, 1993)
$200,000,000
IDAHO POWER COMPANY
First Mortgage Bonds, Secured Medium-Term Notes, Series B
Due From Nine Months to Forty Years From Date of Issue
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Principal Amount: $15,000,000 Original Issue Date: October 2, 1996
Interest Rate: 6.85% Maturity Date: October 1, 2002
Issue Price: 100% payable in Proceeds to Issuer After
in immediately Commission: 99.45%
available funds
Original Interest
Accrual Date: October 2, 1996
Agent's Commission: .55%
Form: Book-Entry
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Redemption: The Offered Notes cannot be redeemed prior to maturity.
Capacity: Agent
Use of Proceeds: The net proceeds from this sale and the other sale of
Offered Notes of even date herewith will be used by the
Company to redeem the Company's 8.375% Series, Serial
Preferred Stock, Without Par Value. To the extent that
proceeds are not immediately so used, they will be used
to repay a portion of the Company's outstanding short-
term debt.
Agent:
GOLDMAN, SACHS & CO.
