Rule 424 (b)(5)
File No. 333-33124
Pricing Supplement No. 2 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
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
Redemption: We cannot redeem these notes prior to maturity.
Capacity: Goldman, Sachs & Co. 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.
--------------------------------------------------------------------------------
Agent:
GOLDMAN, SACHS & CO.
