Rule 424(b)(3)
Reg. No. 333-00139
Idaho Power Company
Dividend Reinvestment and Stock Purchase Plan
Common Stock
($2.50 par value)
Supplement to Prospectus Dated February 14, 1996
Idaho Power Company is offering participants in the Dividend Reinvestment
and Stock Purchase Plan (the "Plan") the opportunity to deposit any common share
certificates in their possession for safekeeping. Share certificates that are
deposited will be transferred into the name of the Company and credited to the
participant's account under the Plan. Thereafter, such shares will be treated in
the same manner as shares purchased through the Plan, and all dividends thereon
will be automatically reinvested under the Plan.
By using the Plan's safekeeping service, participants no longer bear the
risk associated with loss, theft or destruction of share certificates.
Participants who want to deposit their common share certificates must send
the certificates to be deposited, preferably by registered, insured mail, along
with a properly completed Letter of Instruction to:
Idaho Power Company
Shareowner Services Department
1221 West Idaho Street
P.O. Box 70
Boise, ID 83702
The certificates should not be endorsed.
Dated: February 2, 1998
