IDAHO POWER CO
424B5, 2000-11-29
ELECTRIC SERVICES
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                                                              Rule 424 (b)(5)
                                                              File No. 333-33124

Pricing Supplement No. 3 Dated November 28, 2000

(To Prospectus dated March 31, 2000 and
Prospectus Supplement dated November 21, 2000)

$200,000,000
IDAHO POWER COMPANY
First Mortgage Bonds, Secured Medium-Term Notes, Series C

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Principal Amount:  $20,000,000            Original Issue Date:  December 1, 2000
Interest rate:   7.38 %                   Maturity Date: December 1, 2007

Issue Price:      100% payable in         Proceeds to Issuer After
                  immediately             Commission:  99.400 %
                  available funds

Agent's Commission:  0.600 %              Original Interest
                                          Accrual Date: December 1, 2000
Form:  Book-Entry

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Redemption:         We cannot redeem these notes prior to maturity.

Capacity:           U.S.  Bancorp Piper Jaffray Inc.  acted as our agent in this
                    sale.

Use of Proceeds:    We will use the net  proceeds  from the sale of these  notes
                    and the other notes that we are  selling  today to redeem on
                    January 1, 2001  $75,000,000  principal  amount of our first
                    mortgage bonds, 9.50% Series due 2021.

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                                     Agent:

                         U.S. BANCORP PIPER JAFFRAY INC.






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