** **

** **

**UNITEDSTATES SECURITIES AND EXCHANGE COMMISSION****Washington, D.C. 20549****FORM10-K/A(Amendment No. 1)**

(Mark One)

| X |  | ANNUAL  REPORT PURSUANT TO SECTION 13 OR 15 (d) OF |
|---|--|----------------------------------------------------|
|   |  | THE  SECURITIES EXCHANGE ACT OF 1934               |
|   |  | For the fiscal year ended December  31, 2006       |

OR

|  |  TRANSITION REPORT PURSUANT  TO SECTION 13 OR 15(d) OF  |
|--|-------------------------------------------------------------------|
|  | THE SECURITIES EXCHANGE ACT  OF 1934                              |

For the transition periodfrom ................... to..................................................................

|                                                              |                                  | Exact name of registrants as specified in      |          |                       |
|--------------------------------------------------------------|----------------------------------|------------------------------------------------|----------|-----------------------|
| Commission                                                   |                                  | their charters, address of principal executive |          | IRS Employer          |
| File Number                                                  |                                  | offices, zip code and telephone number         |          | Identification Number |
| 1-14465                                                      |                                  | **IDACORP, Inc.**                              |          | 82-0505802            |
| 1-3198                                                       |                                  | **Idaho Power Company**                        |          | 82-0130980            |
|                                                              |                                  | 1221 W. Idaho Street                           |          |                       |
|                                                              |                                  | Boise, ID 83702-5627                           |          |                       |
|                                                              |                                  | (208) 388-2200                                 |          |                       |
| State of  incorporation:  Idaho                         |
| Websites:  www.idacorpinc.com  and www.idahopower.com   |
|                                                              |                                  | Name of exchange on                            |
| SECURITIES REGISTERED  PURSUANT TO SECTION 12(b) OF THE ACT: |                                  | which registered                               |
| IDACORP, Inc.:                                               | Common Stock, without par  value |                                                | New York |
|                                                              | Preferred Share Purchase  Rights |                                                |          |
| SECURITIES REGISTERED  PURSUANT TO SECTION 12(g) OF THE ACT: |                                  |                                                |
| Idaho Power Company:                                         | Preferred Stock                  |                                                |          |
|                                                              |                                  |                                                |          |                       |  |

Indicateby check mark whether the registrants are well-known seasoned issuers, asdefined in Rule 405 of the Securities Act.

| IDACORP, Inc. | Yes | (    ) | No | ( X ) | Idaho Power Company | Yes | (    ) | No | ( X ) |
|---------------|-----|-----------------------|----|-------|---------------------|-----|-----------------------|----|-------|

Indicateby check mark if the registrants are not required to file reports pursuant toSection 13 or Section 15(d) of the Act.

| IDACORP, Inc. | Yes | (    ) | No | ( X ) | Idaho Power Company | Yes | (    ) | No | ( X ) |
|---------------|-----|-----------------------|----|-------|---------------------|-----|-----------------------|----|-------|

Indicateby check mark whether the registrants (1) have filed all reports required to befiled by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrants wererequired to file such reports), and (2) have been subject to such filingrequirements for the past 90 days.Yes  ( X  )  No  (    )

Indicate by check mark ifdisclosure of delinquent filers pursuant to Item 405 of Regulation S-K is notcontained herein, and will not be contained, to the best of registrants'knowledge, in definitive proxy or information statements incorporated byreference in Part III of this Form 10-K or any amendment to this Form 10-K.   (X )

Indicate by check markwhether the registrants are large accelerated filers, accelerated filers, ornon-accelerated filers.

| IDACORP, Inc.:       |                         |                       |                   |                       |                       |                       |
|----------------------|-------------------------|-----------------------|-------------------|-----------------------|-----------------------|-----------------------|
|                      | Large accelerated filer | ( X )                 | Accelerated filer | (    ) | Non-accelerated filer | (    ) |
| Idaho Power Company: |                         |                       |                   |                       |                       |                       |
|                      | Large accelerated filer | (    ) | Accelerated filer | (    ) | Non-accelerated filer | ( X )                 |
|                      |                         |                       |                   |                       |                       |                       |  |

Indicate by check mark whether the registrants are shellcompanies (as defined in Rule 12b-2 of the Act).

| IDACORP, Inc. | Yes | (    ) | No | ( X ) | Idaho Power Company | Yes | (    ) | No | ( X ) |
|---------------|-----|-----------------------|----|-------|---------------------|-----|-----------------------|----|-------|

Aggregate market value ofvoting and non-voting common stock held by nonaffiliates (June 30, 2006):

----

| IDACORP, Inc.: | $1,468,190,938 | Idaho Power Company: | None |
|----------------|----------------|----------------------|------|

Number of shares of commonstock outstanding at January 31, 2007:

| IDACORP, Inc.:       | 43,635,183                            |
|----------------------|---------------------------------------|
| Idaho Power Company: | 39,150,812 all held by  IDACORP, Inc. |

| **Documents Incorporated by Reference:** |
|------------------------------------------|
| Part III, Items 10 - 14                  | Portions  of IDACORP, Inc.'s definitive proxy statement to be filed pursuant to  Regulation |
|                                     | 14A for  the 2007 Annual Meeting of Shareholders to be held on May 17, 2007. |

This combined Form 10-Krepresents separate filings by IDACORP, Inc. and Idaho Power Company. Information contained herein relating to an individual registrant is filed bythat registrant on its own behalf.  Idaho Power Company makes no representationas to the information relating to IDACORP, Inc.'s other operations.

Idaho Power Company meets theconditions set forth in General Instruction (I)(1)(a) and (b) of Form 10-K andis therefore filing this Form with the reduced disclosure format.

----

**Explantory Note**

** **

Exhibit 10(h)(xix), theIDACORP, Inc. and IPC 2007 Compensation for Non-Employee Directors of the Boardof Directors, was not filed with the Annual Report on Form 10-K filed earliertoday on March 1, 2007 and is filed herewith.

** **

**PART IV**

**ITEM15.  EXHIBITS AND FINANCIAL STATEMENT SCHEDULES**

(1) and (2)  Please refer toPart II, Item 8 - "Financial Statements and Supplementary Data" for a completelisting of all consolidated financial statements and financial statementschedules.

(3)  Exhibits.

*Previously Filed andIncorporated Herein by Reference

| 1 |
|---|

----

| *2         | Agreement and Plan of  Exchange between IDACORP, Inc., and IPC dated as of February 2, 1998.  File  number 333-48031, Form S-4, filed on 3/16/98, as Exhibit 2.                                                                                                                                                            |
|------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|            |                                                                                                                                                                                                                                                                                                                                 |
| *3(a)      | Restated Articles of  Incorporation of IPC as filed with the Secretary of State of Idaho on June  30, 1989.  File number 33-00440, Post-Effective Amendment No. 2 to Form S-3,  filed on 6/30/89, as Exhibit 4(a)(xiii).                                                                                                   |
|            |                                                                                                                                                                                                                                                                                                                                 |
| *3(a)(i)   | Statement of Resolution  Establishing Terms of Flexible Auction Series A, Serial Preferred Stock,  Without Par Value (cumulative stated value of $100,000 per share) of IPC, as  filed with the Secretary of State of Idaho on November 5, 1991.  File number  33-65720, Form S-3, filed on 7/7/93, as Exhibit 4(a)(ii).   |
|            |                                                                                                                                                                                                                                                                                                                                 |
| *3(a)(ii)  | Statement of Resolution  Establishing Terms of 7.07% Serial Preferred Stock, Without Par Value  (cumulative stated value of $100 per share) of IPC, as filed with the  Secretary of State of Idaho on June 30, 1993.  File number 33-65720, Form  S-3, filed on 7/7/93, as Exhibit 4(a)(iii).                              |
|            |                                                                                                                                                                                                                                                                                                                                 |
| *3(a)(iii) | Articles of Amendment to  Restated Articles of Incorporation of IPC, as amended, as filed with the  Secretary of State of Idaho on January 21, 2005.  File number 1-3198, Form  8-K, filed on 1/26/05, as Exhibit 3.3.                                                                                                     |
|            |                                                                                                                                                                                                                                                                                                                                 |
| *3(b)      | Amended Bylaws of IPC,  amended on January 20, 2005, and presently in effect.  File number 1-3198,  Form 8-K, filed on 1/26/05, as Exhibit 3.2.                                                                                                                                                                            |
|            |                                                                                                                                                                                                                                                                                                                                 |
| *3(c)      | Articles of Share Exchange,  as filed with the Secretary of State of Idaho on September 29, 1998.  File  number 33-56071-99, Post-Effective Amendment No. 1 to Form S-8, filed on  10/1/98, as Exhibit 3(d).                                                                                                               |
|            |                                                                                                                                                                                                                                                                                                                                 |
| *3(d)      | Articles of Incorporation  of IDACORP, Inc.  File number 333-64737, Amendment No. 1 to Form S-3, filed  on 11/4/98, as Exhibit 3.1.                                                                                                                                                                                        |
|            |                                                                                                                                                                                                                                                                                                                                 |
| *3(d)(i)   | Articles of Amendment to  Articles of Incorporation of IDACORP, Inc. as filed with the Secretary of  State of Idaho on March 9, 1998.  File number 333-64737, Amendment No. 1 to Form  S-3, filed on 11/4/98, as Exhibit 3.2.                                                                                              |
|            |                                                                                                                                                                                                                                                                                                                                 |
| *3(d)(ii)  | Articles of Amendment to  Articles of Incorporation of IDACORP, Inc. creating A Series Preferred Stock,  without par value, as filed with the Secretary of State of Idaho on September  17, 1998.  File number 333-00139-99, Post-Effective Amendment No. 1 to Form  S-3, filed on 9/22/98, as Exhibit 3(b).               |
|            |                                                                                                                                                                                                                                                                                                                                 |
| *3(e)      | Amended Bylaws of IDACORP,  Inc., amended on January 20, 2005, and presently in effect.  File number  1-14456, Form 8-K, filed on 1/26/05, as Exhibit 3.1.                                                                                                                                                                 |
|            |                                                                                                                                                                                                                                                                                                                                 |
| *4(a)(i)   | Mortgage and Deed of Trust,  dated as of October 1, 1937, between IPC and Deutsche Bank Trust Company  Americas (formerly known as Bankers Trust Company) and R. G. Page, as  Trustees.  File number 2-3413, as Exhibit B-2.                                                                                               |
|            |                                                                                                                                                                                                                                                                                                                                 |
|            |                                                                                                                                                                                                                                                                                                                                 |
|            |                                                                                                                                                                                                                                                                                                                                 |
| *4(a)(ii)  | IPC Supplemental Indentures  to Mortgage and Deed of Trust:                                                                                                                                                                                                                                                                     |
|            | File number 1-MD, as  Exhibit B-2-a, First, July 1, 1939                                                                                                                                                                                                                                                                        |
|            | File number 2-5395, as  Exhibit 7-a-3, Second, November 15, 1943                                                                                                                                                                                                                                                                |
|            | File number 2-7237, as  Exhibit 7-a-4, Third, February 1, 1947                                                                                                                                                                                                                                                                  |
|            | File number 2-7502, as  Exhibit 7-a-5, Fourth, May 1, 1948                                                                                                                                                                                                                                                                      |
|            | File number 2-8398, as  Exhibit 7-a-6, Fifth, November 1, 1949                                                                                                                                                                                                                                                                  |
|            | File number 2-8973, as  Exhibit 7-a-7, Sixth, October 1, 1951                                                                                                                                                                                                                                                                   |
|            | File number 2-12941, as  Exhibit 2-C-8, Seventh, January 1, 1957                                                                                                                                                                                                                                                                |
|            | File number 2-13688, as  Exhibit 4-J, Eighth, July 15, 1957                                                                                                                                                                                                                                                                     |
|            | File number 2-13689, as  Exhibit 4-K, Ninth, November 15, 1957                                                                                                                                                                                                                                                                  |
|            | File number 2-14245, as  Exhibit 4-L, Tenth, April 1, 1958                                                                                                                                                                                                                                                                      |
|            | File number 2-14366, as  Exhibit 2-L, Eleventh, October 15, 1958                                                                                                                                                                                                                                                                |
|            | File number 2-14935, as  Exhibit 4-N, Twelfth, May 15, 1959                                                                                                                                                                                                                                                                     |
|            | File number 2-18976, as  Exhibit 4-O, Thirteenth, November 15, 1960                                                                                                                                                                                                                                                             |
|            | File number 2-18977, as  Exhibit 4-Q, Fourteenth, November 1, 1961                                                                                                                                                                                                                                                              |
|            | File number 2-22988, as  Exhibit 4-B-16, Fifteenth, September 15, 1964                                                                                                                                                                                                                                                          |
|            | File number 2-24578, as  Exhibit 4-B-17, Sixteenth, April 1, 1966                                                                                                                                                                                                                                                               |
|            | File number 2-25479, as  Exhibit 4-B-18, Seventeenth, October 1, 1966                                                                                                                                                                                                                                                           |
|            | File number 2-45260, as  Exhibit 2(c), Eighteenth, September 1, 1972                                                                                                                                                                                                                                                            |
|            | File number 2-49854, as  Exhibit 2(c), Nineteenth, January 15, 1974                                                                                                                                                                                                                                                             |
|            | File number 2-51722, as  Exhibit 2(c)(i), Twentieth, August 1, 1974                                                                                                                                                                                                                                                             |
|            | File number 2-51722, as  Exhibit 2(c)(ii), Twenty-first, October 15, 1974                                                                                                                                                                                                                                                       |
|            | File number 2-57374, as  Exhibit 2(c), Twenty-second, November 15, 1976                                                                                                                                                                                                                                                         |
|            | File number 2-62035, as  Exhibit 2(c), Twenty-third, August 15, 1978                                                                                                                                                                                                                                                            |
|            | File number 33-34222, as  Exhibit 4(d)(iii), Twenty-fourth, September 1, 1979                                                                                                                                                                                                                                                   |
|            | File number 33-34222, as  Exhibit 4(d)(iv), Twenty-fifth, November 1, 1981                                                                                                                                                                                                                                                      |
|            | File number 33-34222, as  Exhibit 4(d)(v), Twenty-sixth, May 1, 1982                                                                                                                                                                                                                                                            |
|            | File number 33-34222, as  Exhibit 4(d)(vi), Twenty-seventh, May 1, 1986                                                                                                                                                                                                                                                         |
|            | File number 33-00440, as  Exhibit 4(c)(iv), Twenty-eighth, June 30, 1989                                                                                                                                                                                                                                                        |
|            | File number 33-34222, as  Exhibit 4(d)(vii), Twenty-ninth, January 1, 1990                                                                                                                                                                                                                                                      |
|            | File number 33-65720, as  Exhibit 4(d)(iii), Thirtieth, January 1, 1991                                                                                                                                                                                                                                                         |
|            | File number 33-65720, as  Exhibit 4(d)(iv), Thirty-first, August 15, 1991                                                                                                                                                                                                                                                       |
|            | File number 33-65720, as  Exhibit 4(d)(v), Thirty-second, March 15, 1992                                                                                                                                                                                                                                                        |
|            | File number 33-65720, as  Exhibit 4(d)(vi), Thirty-third, April 1, 1993                                                                                                                                                                                                                                                         |
|            | File number 1-3198, Form  8-K, filed on 12/20/93, as Exhibit 4, Thirty-fourth, December 1, 1993                                                                                                                                                                                                                                 |
|            | File number 1-3198, Form  8-K, filed on 11/21/00, as Exhibit 4, Thirty-fifth, November 1, 2000                                                                                                                                                                                                                                  |
|            | File number 1-3198, Form  8-K, filed on 10/1/01, as Exhibit 4, Thirty-sixth, October 1, 2001                                                                                                                                                                                                                                    |
|            | File number 1-3198, Form  8-K, filed on 4/16/03, as Exhibit 4, Thirty-seventh, April 1, 2003                                                                                                                                                                                                                                    |
|            | File number 1-3198, Form  10-Q for the quarter ended 6/30/03, filed on 8/7/03, as Exhibit 4(a)(iii),  Thirty-eighth, May 15, 2003                                                                                                                                                                                               |
|            | File number 1-3198, Form  10-Q for the quarter ended 9/30/03, filed on 11/6/03, as Exhibit 4(a)(iii),  Thirty-ninth, October 1, 2003                                                                                                                                                                                            |
|            | File number 1-3198, Form  8-K filed 5/10/05, as Exhibit 4, Fortieth, May 1, 2005.                                                                                                                                                                                                                                               |
|            | File number 1-3198, Form  8-K filed 10/10/06, as Exhibit 4, Forty-first, October 1, 2006.                                                                                                                                                                                                                                       |
|            |                                                                                                                                                                                                                                                                                                                                 |
|            |                                                                                                                                                                                                                                                                                                                                 |
| *4(b)      | Instruments relating to IPC  American Falls bond guarantee (see Exhibit 10(c)).  File number 1-3198, Form  10-Q for the quarter ended 6/30/00, filed on 8/4/00, as Exhibit 4(b).                                                                                                                                           |
|            |                                                                                                                                                                                                                                                                                                                                 |
| *4(c)(i)   | Agreement of IPC to furnish  certain debt instruments.  File number 33-65720, Form S-3, filed on 7/7/93,  as Exhibit 4(f).                                                                                                                                                                                                 |
|            |                                                                                                                                                                                                                                                                                                                                 |
| *4(c)(ii)  | Agreement of IDACORP, Inc.  to furnish certain debt instruments.  File number 1-14465, Form 10-Q for the  quarter ended 9/30/03, filed on 11/6/03, as Exhibit 4(c)(ii).                                                                                                                                                    |
|            |                                                                                                                                                                                                                                                                                                                                 |
|            |                                                                                                                                                                                                                                                                                                                                 |
|            |                                                                                                                                                                                                                                                                                                                                 |
| *4(d)      | Agreement and Plan of  Merger dated March 10, 1989, between Idaho Power Company, a Maine  Corporation, and Idaho Power Migrating Corporation.  Post-Effective Amendment  No. 2 to Form S-3, File number 33-00440, filed on 6/30/89, as Exhibit  2(a)(iii).                                                                 |
|            |                                                                                                                                                                                                                                                                                                                                 |
| *4(e)      | Rights Agreement, dated as  of September 10, 1998, between IDACORP, Inc. and Wells Fargo Bank, N.A., as  successor to The Bank of New York, as Rights Agent.  File number 1-14465,  Form 8-K, filed on 9/15/98, as Exhibit 4.                                                                                              |
|            |                                                                                                                                                                                                                                                                                                                                 |
| *4(f)      | Indenture for Senior Debt  Securities dated as of February 1, 2001, between IDACORP, Inc. and Deutsche  Bank Trust Company Americas (formerly known as Bankers Trust Company), as  trustee.  File number 1-14465, Form 8-K, filed on 2/28/01, as Exhibit 4.1.                                                              |
|            |                                                                                                                                                                                                                                                                                                                                 |
| *4(g)      | First Supplemental  Indenture dated as of February 1, 2001 to Indenture for Senior Debt  Securities dated as of February 1, 2001 between IDACORP, Inc. and Deutsche  Bank Trust Company Americas (formerly known as Bankers Trust Company), as  trustee.  File number 1-14465, Form 8-K, filed on 2/28/01, as Exhibit 4.2. |
|            |                                                                                                                                                                                                                                                                                                                                 |
| *4(h)      | Indenture for Debt  Securities dated as of August 1, 2001 between Idaho Power Company and  Deutsche Bank Trust Company Americas (formerly known as Bankers Trust  Company), as trustee.  File number 333-67748, Form S-3, filed on 8/16/01, as  Exhibit 4.13.                                                              |

|                |                                                                                                                                                                                                                                                                                                                                         |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| *10(a)         | Agreements, dated September  22, 1969, between IPC and Pacific Power & Light Company relating to the  operation, construction and ownership of the Jim Bridger Project.  File  number 2-49584, as Exhibit 5(b).                                                                                                                |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(a)(i)      | Amendment, dated February  1, 1974, relating to operation agreement filed as Exhibit 10(a).  File number  2-51762, as Exhibit 5(c).                                                                                                                                                                                                |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(b)         | Agreement, dated as of  October 11, 1973, between IPC and Pacific Power & Light Company.  File  number 2-49584, as Exhibit 5(c).                                                                                                                                                                                               |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(c)         | Guaranty Agreement, dated  April 11, 2000, between IPC and Bank One Trust Company, N.A., as Trustee,  relating to $19,885,000 American Falls Replacement Dam Refinancing Bonds of  the American Falls Reservoir District, Idaho.  File number 1-3198, Form 10-Q  for the quarter ended 6/30/00, filed on 8/4/00, as Exhibit 10(c). |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(d)         | Guaranty Agreement, dated  as of August 30, 1974, between IPC and Pacific Power & Light Company.   File number 2-62034, Form S-7, filed on 6/30/78, as Exhibit 5(r).                                                                                                                                                           |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(e)         | Letter Agreement, dated  January 23, 1976, between IPC and Portland General Electric Company.  File  number 2-56513, as Exhibit 5(i).                                                                                                                                                                                              |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(e)(i)      | Agreement for Construction,  Ownership and Operation of the Number One Boardman Station on Carty  Reservoir, dated as of October 15, 1976, between Portland General Electric  Company and IPC.  File number 2-62034, Form S-7, filed on 6/30/78, as Exhibit  5(s).                                                                 |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(e)(ii)     | Amendment, dated September  30, 1977, relating to agreement filed as Exhibit 10(e).  File number 2-62034,  Form S-7, filed on 6/30/78, as Exhibit 5(t).                                                                                                                                                                            |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(e)(iii)    | Amendment, dated October  31, 1977, relating to agreement filed as Exhibit 10(e).  File number 2-62034,  Form S-7, filed on 6/30/78, as Exhibit 5(u).                                                                                                                                                                              |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(e)(iv)     | Amendment, dated January  23, 1978, relating to agreement filed as Exhibit 10(e).  File number 2-62034,  as Exhibit 5(v).  File number 2-62034, Form S-7 filed on 6/30/78, as Exhibit  5(v).                                                                                                                                  |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(e)(v)      | Amendment, dated February  15, 1978, relating to agreement filed as Exhibit 10(e).  File number 2-62034,  Form S-7, filed on 6/30/78, as Exhibit 5(w).                                                                                                                                                                             |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(e)(vi)     | Amendment, dated September  1, 1979, relating to agreement filed as Exhibit 10(e).  File number 2-68574,  Form S-7, filed on 7/23/80, as Exhibit 5(x).                                                                                                                                                                             |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(f)         | Participation Agreement,  dated September 1, 1979, relating to the sale and leaseback of coal handling  facilities at the Number One Boardman Station on Carty Reservoir.  File  number 2-68574, Form S-7, filed on 7/23/80, as Exhibit 5(z).                                                                                      |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(g)         | Agreements for the  Operation, Construction and Ownership of the North Valmy Power Plant Project,  dated December 12, 1978, between Sierra Pacific Power Company and IPC.  File  number 2-64910, Form S-7 filed on 6/29/79, as Exhibit 5(y).                                                                                  |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(h)(i) 1    | Idaho Power Company  Security Plan for Senior Management Employees I - a non-qualified, deferred  compensation plan, amended and restated effective December 31, 2004.  File number  1-14465, 1-3198, Form 10-Q for the quarter ended September 30, 2006, filed on  November 2, 2006 as Exhibit 10(h)(i).                          |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(h)(ii)1    | Idaho Power Company  Security Plan for Senior Management Employees II, a non-qualified, deferred  compensation plan, effective January 1, 2005, as amended July 20, 2006.  File  number 1-14465, 1-3198, Form 10-Q for the quarter ended September 30, 2006,  filed on November 2, 2006, as Exhibit 10(h)(xxxv).                   |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(h)(iii) 1  | IDACORP, Inc. Restricted  Stock Plan, as amended July 20, 2006.  File number 1-14465, 1-3198, Form 10-Q  for the quarter ended September 30, 2006, filed on November 2, 2006, as  Exhibit 10(h)(iii).                                                                                                                              |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(h)(iv) 1   | IDACORP, Inc. Restricted  Stock Plan - Form of Restricted Stock Agreement (time-vesting) (July 20, 2006).   File number 1-14465, 1-3198, Form 10-Q for the quarter ended September 30,  2006, filed on November 2, 2006, as Exhibit 10(h)(vi).                                                                                     |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(h)(v) 1    | IDACORP, Inc. Restricted  Stock Plan - Form of Performance Stock Agreement (July 20, 2006).  File  number 1-14465, 1-3198, Form 10-Q for the quarter ended September 30, 2006,  filed on November 2, 2006, as Exhibit 10(h)(vii).                                                                                                  |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(h)(vi) 1   | The Revised Security Plan  for Board of Directors - a non-qualified, deferred compensation plan, as  amended and restated effective July 20, 2006.  File number 1-14465, 1-3198,  Form 10-Q for the quarter ended September 30, 2006, filed on November 2, 2006,  as Exhibit 10(h)(viii).                                          |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(h)(vii) 1  | IDACORP, Inc. Non-Employee  Directors Stock Compensation Plan, as amended on January 20, 2005.  File  number 1-14465, 1-3198, Form 8-K, filed on 1/26/05, as Exhibit 10.9.                                                                                                                                                         |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(h)(viii)1  | Form of Officer  Indemnification Agreement for Officers of IDACORP, Inc. and IPC, as amended  July 20, 2006.  File number 1-14465, 1-3198, Form 10-Q for the quarter ended  September 30, 2006, filed on November 2, 2006, as Exhibit 10(h)(xix).                                                                                  |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(h)(ix)1    | Form of Director  Indemnification Agreement for Directors of IDACORP, Inc., as amended July 20,  2006.  File number 1-14465, 1-3198, Form 10-Q for the quarter ended September  30, 2006, filed on November 2, 2006, as Exhibit 10(h)(xx).                                                                                         |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(h)(x)1     | Form of Change in Control  Agreement between IDACORP, Inc. and Officers of IDACORP and IPC (senior vice  president and higher), as amended July 20, 2006.  File number 1-14465,  1-3198, Form 10-Q for the quarter ended September 30, 2006, filed on November  2, 2006, as Exhibit 10(h)(x).                                      |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(h)(xi) 1   | Form of Change in Control  Agreement between IDACORP, Inc. and Officers of IDACORP and IPC (below senior  vice president), as amended July 20, 2006.  File number 1-14465, 1-3198, Form  10-Q for the quarter ended September 30, 2006, filed on November 2, 2006, as  Exhibit 10(h)(xi).                                          |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(h)(xii) 1  | IDACORP, Inc. 2000  Long-Term Incentive and Compensation Plan, as amended July 20, 2006.  File  number 1-14465, 1-3198, Form 10-Q for the quarter ended September 30, 2006,  filed on November 2, 2006, as Exhibit 10(h)(xii).                                                                                                     |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(h)(xiii)1  | IDACORP, Inc. 2000  Long-Term Incentive and Compensation Plan - Form of Stock Option Award Agreement  (July 20, 2006).  File number 1-14465, 1-3198, Form 10-Q for the quarter  ended September 30, 2006, filed on November 2, 2006, as Exhibit 10(h)(xvi).                                                                        |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(h)(xiv)1   | IDACORP, Inc. 2000  Long-Term Incentive and Compensation Plan - Form of Restricted Stock Award  Agreement (time vesting) (July 20, 2006).  File number 1-14465, 1-3198, Form  10-Q for the quarter ended September 30, 2006, filed on November 2, 2006, as  Exhibit 10(h)(xvii).                                                   |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(h)(xv)1    | IDACORP, Inc. 2000  Long-Term Incentive and Compensation Plan - Form of Restricted Stock Award  Agreement (performance vesting) (July 20, 2006).  File number 1-14465,  1-3198, Form 10-Q for the quarter ended September 30, 2006, filed on November  2, 2006, as Exhibit 10(h)(xviii).                                           |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(h)(xvi)1   | IDACORP, Inc. 2000  Long-Term Incentive and Compensation Plan - Form of Performance Share Award  Agreement (performance with two goals) (July 20, 2006).  File number 1-14465,  1-3198, Form 10-Q for the quarter ended September 30, 2006, filed on November  2, 2006, as Exhibit 10(h)(xxxiii).                                  |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(h)(xvii)1  | IDACORP, Inc. Executive  Incentive Plan.  File Number 14465, 1-3198, Form 8-K, filed on 2/27/07, as  Exhibit 10.1.                                                                                                                                                                                                                 |
|                |                                                                                                                                                                                                                                                                                                                                         |
| *10(h)(xviii)1 | Idaho Power Company  Executive Deferred Compensation Plan, as amended July 20, 2006.  File number  1-14465, 1-3198, Form 10-Q for the quarter ended September 30, 2006, filed on  November 2, 2006, as Exhibit 10(h)(xxxvi).                                                                                                       |

|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10(h)(xix)1                                                | IDACORP, Inc. and IPC 2007  Compensation for Non-Employee Directors of the Board of Directors.                                                                                                                                                                                                                                                                                                                                                                                                                         |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| *10(i)                                                     | Framework Agreement, dated  October 1, 1984, between the State of Idaho and IPC relating to IPC's Swan Falls and Snake River water rights.  File number 33-65720, Form S-3, filed on 7/7/93, as  Exhibit 10(h).                                                                                                                                                                                                                                                                                                   |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| *10(i)(i)                                                  | Agreement, dated October  25, 1984, between the State of Idaho and IPC relating to the agreement filed  as Exhibit 10(i).  File number 33-65720, Form S-3, filed on 7/7/93, as  Exhibit 10(h)(i).                                                                                                                                                                                                                                                                                                                 |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| *10(i)(ii)                                                 | Contract to Implement,  dated October 25, 1984, between the State of Idaho and IPC relating to the  agreement filed as Exhibit 10(i).  File number 33-65720, Form S-3, filed on  7/7/93, as Exhibit 10(h)(ii).                                                                                                                                                                                                                                                                                                    |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| *10(j)                                                     | Agreement Regarding the  Ownership, Construction, Operation and Maintenance of the Milner  Hydroelectric Project (FERC No. 2899), dated January 22, 1990, between IPC  and the Twin Falls Canal Company and the Northside Canal Company Limited.   File number 33-65720, Form S-3, filed on 7/7/93, as Exhibit 10(m).                                                                                                                                                                                             |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| *10(j)(i)                                                  | Guaranty Agreement, dated  February 10, 1992, between IPC and New York Life Insurance Company, as Note  Purchaser, relating to $11,700,000 Guaranteed Notes due 2017 of Milner Dam  Inc.  File number 33-65720, Form S-3, filed on 7/7/93, as Exhibit 10(m)(i).                                                                                                                                                                                                                                                   |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| *10(k)                                                     | Power Purchase Agreement  between IPC and PPL Montana, LLC, dated March 1, 2003 and Revised  Confirmation Agreement dated May 9, 2003.  File number 1-3198, Form 10-Q for  the quarter ended 6/30/03, filed on 8/7/03, as Exhibit 10(k).                                                                                                                                                                                                                                                                          |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| *10(l)                                                     | $150 Million Five-Year  Credit Agreement, dated as of May 3, 2005, among IDACORP, Inc, various  lenders, Wachovia Bank, National Association, as joint lead arranger and  administrative agent and JP Morgan Chase Bank, NA, as joint lead arranger and  syndication agent and Wachovia Capital Markets, LLC and J.P. Morgan  Securities Inc., as joint lead arrangers and joint book runners.  File number  1-14465, 1-3198, Form 10-Q for the quarter ended 3/31/05, filed on 5/5/05, as  Exhibit 10(l).        |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| *10(m)                                                     | $200 Million Five-Year  Credit Agreement, dated as of May 3, 2005, among Idaho Power Company, various  lenders, Wachovia Bank, National Association, as joint lead arranger and  administrative agent and JP Morgan Chase Bank, NA, as joint lead arranger and  syndication agent and Wachovia Capital Markets, LLC and J.P. Morgan  Securities Inc., as joint lead arrangers and joint book runners.  File number  1-14465, 1-3198, Form 10-Q for the quarter ended 3/31/05, filed on 5/5/05, as  Exhibit 10(m). |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| *10(n)                                                     | Loan Agreement, dated  October 1, 2006, between Sweetwater County, Wyoming and IPC.  File number  1-3198, Form 8-K, filed on 10/10/2006, as Exhibit 10.1.                                                                                                                                                                                                                                                                                                                                                         |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| *12                                                        | Statement Re:  Computation  of Ratio of Earnings to Fixed Charges.  (IDACORP, Inc.)  File No. 1-14465,  1-3198, Form 10-K for the year ended 12/31/06, filed on March 1, 2007, as  Exhibit 12.                                                                                                                                                                                                                                                                                                          |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| *12(a)                                                     | Statement Re:  Computation  of Supplemental Ratio of Earnings to Fixed Charges.  (IDACORP, Inc.)  File  No. 1-14465, 1-3198, Form 10-K for the year ended 12/31/06, filed on March 1,  2007, as Exhibit 12(a).                                                                                                                                                                                                                                                                                          |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| *12(b)                                                     | Statement Re:  Computation  of Ratio of Earnings to Combined Fixed Charges and Preferred Dividend  Requirements.  (IDACORP, Inc.)  File No. 1-14465, 1-3198, Form 10-K for the  year ended 12/31/06, filed on March 1, 2007, as Exhibit 12(b).                                                                                                                                                                                                                                                          |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| *12(c)                                                     | Statement Re:  Computation  of Supplemental Ratio of Earnings to Combined Fixed Charges and Preferred  Dividend Requirements.  (IDACORP, Inc.)  File No. 1-14465, 1-3198, Form 10-K  for the year ended 12/31/06, filed on March 1, 2007, as Exhibit 12(c).                                                                                                                                                                                                                                             |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| *12(d)                                                     | Statement Re:  Computation  of Ratio of Earnings to Fixed Charges.  (IPC)  File No. 1-14465, 1-3198, Form  10-K for the year ended 12/31/06, filed on March 1, 2007, as Exhibit 12(d).                                                                                                                                                                                                                                                                                                                  |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| *12 (e)                                                    | Statement Re:  Computation  of Supplemental Ratio of Earnings to Fixed Charges.  (IPC)  File No. 1-14465,  1-3198, Form 10-K for the year ended 12/31/06, filed on March 1, 2007, as  Exhibit 12(e).                                                                                                                                                                                                                                                                                                    |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| *21                                                        | Subsidiaries of IDACORP,  Inc.  File No. 1-14465, 1-3198, Form 10-K for the year ended 12/31/06, filed  on March 1, 2007, as Exhibit 21.                                                                                                                                                                                                                                                                                                                                                                          |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| *23                                                        | Consent of Independent  Registered Public Accounting Firm.  File No. 1-14465, 1-3198, Form 10-K for  the year ended 12/31/06, filed on March 1, 2007, as Exhibit 23.                                                                                                                                                                                                                                                                                                                                              |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 31(a)                                                      | IDACORP, Inc. Rule  13a-14(a) certification.                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 31(b)                                                      | IDACORP, Inc. Rule  13a-14(a) certification.                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 31(c)                                                      | IPC Rule 13a-14(a)  certification.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 31(d)                                                      | IPC Rule 13a-14(a)  certification.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 32(a)                                                      | IDACORP, Inc. Section 1350  certification.                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 32(b)                                                      | IPC Section 1350  certification.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 1 Management contract or  compensatory plan or arrangement |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  |

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

| 4 |
|---|

----

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

** **

**IDACORP,Inc.SCHEDULE I - CONDENSED FINANCIAL INFORMATION OFREGISTRANT**

**CONDENSEDSTATEMENTS OF INCOME**

|                                                                 | **Year Ended December 31,** |
|-----------------------------------------------------------------|-----------------------------|
|                                                                 | **2006**                    | **2005** | **2004** |
|                                                                 | (thousands of dollars)      |
| **Income:**                                                     |                             |  |  |
| Equity  in income from continuing operations of subsidiaries    |  $                     | 106,006  |  $ | 90,001  |  $ | 84,280  |
| Other  income                                                   | 854                    | 721  | 535  |
| Total  income                                                   | 106,860                | 90,722  | 84,815  |
|                                                                 |                             |  |  |
| **Expenses:**                                                   |                             |  |  |
| Operating  expenses                                             | 7,080                  | 5,189  | 5,782  |
| Interest  expense                                               | 4,225                  | 3,816  | 1,221  |
| Other  expense                                                  | 120                    | 231  | 994  |
| Total  expenses                                                 | 11,425                 | 9,236  | 7,997  |
|                                                                 |                             |  |  |
| **Income from Continuing  Operations Before Income Taxes**      | 95,435                 | 81,486  | 76,818  |
| ** **                                                      |                             |  |  |
| **Income Tax Benefit**                                          | (4,640)                     | (4,230) | (3,963) |
| ** **                                                      |                             |  |  |
| **Income from Continuing  Operations**                          | 100,075                | 85,716  | 80,781  |
| ** **                                                      |                             |  |  |
| **Income (loss) from  Discontinued Operations, net of tax**     | 7,328                  | (22,055) | (7,798) |
| ** **                                                      |                             |  |  |
| **Net income**                                                  |  $                     | 107,403  |  $ | 63,661  |  $ | 72,983  |
|                                                                 |                             |  |  |
|                                                                 |                             |  |  |
| The accompanying note is an integral part of these  statements. |

| 6 |
|---|

----

**IDACORP,Inc.SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT**

**CONDENSEDBALANCE SHEETS**

|                                                                 | **Year Ended December 31,** |
|-----------------------------------------------------------------|-----------------------------|
|                                                                 | **2006**                    | **2005** |
|                                                                 | (thousands of dollars)      |
| **Assets**                                                      |                             |  |
|                                                                 |                             |  |
| **Current Assets:**                                             |                             |  |
| Cash  and cash equivalents                                      |  $                     | 4,724  |  $ | 1,234  |
| Receivables                                                     | 46,552                 | 1,304  |
| Taxes  receivable                                               | -            | 6,897  |
| Deferred  income taxes                                          | 27,807                 | 27,997  |
| Other                                                           | 288                    | 335  |
| Total  current assets                                           | 79,371                 | 37,767  |
|                                                                 |                             |  |
| **Investment in  subsidiaries**                                 | 1,148,106              | 1,049,276  |
|                                                                 |                             |  |
| **Other Assets**                                                |                             |  |
| Intercompany  notes receivable                                  | 2,800                  | 35,306  |
| Deferred  income taxes                                          | 2,373                  | -    |
| Other                                                           | 773                    | 883  |
| Total  other assets                                             | 5,946                  | 36,189  |
|                                                                 |                             |  |
| Total                                                           |  $                     | 1,233,423  |  $ | 1,123,232  |
|                                                                 |                             |  |
|                                                                 |                             |  |
| **Liabilities and  Shareholders' Equity**                       |                             |  |
|                                                                 |                             |  |
| **Current Liabilities:**                                        |                             |  |
| Notes  payable                                                  |  $                     | 76,800  |  $ | 60,100  |
| Accounts  payable                                               | 3,269                  | 3,162  |
| Taxes  accrued                                                  | 216                    | -    |
| Other                                                           | 25                     | -    |
| Total  current liabilities                                      | 80,310                 | 63,262  |
|                                                                 |                             |  |
| **Other Liabilities:**                                          |                             |  |
| Intercompany  notes payable                                     | 24,434                 | 33,265  |
| Other                                                           | 4,496                  | 1,454  |
| Total  other liabilities                                        | 28,930                 | 34,719  |
|                                                                 |                             |  |
| **Shareholders' Equity**                                        | 1,124,183              | 1,025,251  |
| ** **                                                      |                             |  |
| Total                                                           |  $                     | 1,233,423  |  $ | 1,123,232  |
|                                                                 |                             |  |
| The accompanying note is an integral part of these  statements. |

** **

| 7 |
|---|

----

** **

**IDACORP,Inc.SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT**

**CONDENSEDSTATEMENTS OF CASH FLOWS**

|                                                                 | **Year Ended December 31,** |
|-----------------------------------------------------------------|-----------------------------|
|                                                                 | **2006**                    | **2005** | **2004** |
|                                                                 | (thousands of dollars)      |
| **Operating Activities:**                                       |                             |  |  |
| Net  cash provided by operating activities                      |  $                     | 41,196  |  $ | 35,462  |  $ | 23,958  |
|                                                                 |                             |  |  |
| **Investing Activities:**                                       |                             |  |  |
| Contributions  to subsidiaries                                  | (64,533)                    | -    | (100,456) |
| Change  in intercompany notes receivable                        | 4,196                  | 1,271  | 12,407  |
| Sale of ITI                                                     | 21,548                 | -    | -    |
| Other                                                           | -            | -    | (53) |
| Net  cash provided by (used in) investing activities            | (38,789)                    | 1,271  | (88,102) |
|                                                                 |                             |  |  |
| **Financing Activities:**                                       |                             |  |  |
| Issuance  of common stock                                       | 41,465                 | 6,296  | 115,690  |
| Dividends  on common stock                                      | (51,272)                    | (50,690) | (45,838) |
| Increase  (decrease) in short-term borrowings                   | 16,700                 | 24,700  | (58,250) |
| Change  in intercompany notes payable                           | (6,814)                     | (17,971) | (4,323) |
| Other                                                           | 1,004                  | (471) | (1,419) |
| Net  cash provided by (used in) financing activities            | 1,083                  | (38,136) | 5,860  |
| Net  increase (decrease) in cash and cash equivalents           | 3,490                  | (1,403) | (58,284) |
| Cash  and cash equivalents at beginning of year                 | 1,234                  | 2,637  | 60,921  |
| Cash  and cash equivalents at end of year                       | $                           | 4,724  | $ | 1,234  | $ | 2,637  |
|                                                                 |                             |  |  |
| The accompanying note is an integral part of these  statements. |
|                                                                 |                             |  |  |  |  |  |  |

**IDACORP,Inc.SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT**

**NOTESTO CONDENSED FINANCIAL STATEMENTS**

| **1.  BASIS OF  PRESENTATION**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |  |  |  |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |  |  |  |
| Pursuant to rules and  regulations of the Securities and Exchange Commission, the unconsolidated  condensed financial statements of IDACORP, Inc. do not reflect all of the  information and notes normally included with financial statements prepared in  accordance with accounting principles generally accepted in the United States of America.  Therefore, these financial statements should be read in  conjunction with the consolidated financial statements and related notes included  in the 2006 Form 10-K, Part II, Item 8. |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |  |  |  |
| **Accounting for  subsidiaries**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |  |  |  |  |
| IDACORP has accounted for  the earnings of its subsidiaries under the equity method in the  unconsolidated condensed financial statements.                                                                                                                                                                                                                                                                                                                                                                                                      |

** **

** **

** **

** **

| 8 |
|---|

----

** **

**IDACORP,Inc.SCHEDULE II - CONSOLIDATED VALUATION ANDQUALIFYING ACCOUNTS**

**YearsEnded December 31, 2006, 2005 and 2004**

| **Column A**                                                                                                                   | **Column B**                                                                                          | **Column C**  | **Column D**   | **Column E**   |
|--------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|---------------|----------------|----------------|
| ** **                                                                                                                     | ** **                                                                                            | **Additions** | ** **     | ** **     |
| ** **                                                                                                                     | ** **                                                                                            | ** **    | **Charged**    | ** **     | ** ** |
| ** **                                                                                                                     | **Balance at**                                                                                        | **Charged**   | **(Credited)** | ** **     | **Balance at** |
| ** **                                                                                                                     | **Beginning**                                                                                         | **to**        | **to Other**   | **Deductions** | **End** |
| **Classification**                                                                                                             | **of Period**                                                                                         | **Income**    | **Accounts**   | **(1)**        | **of Period** |
| ** **                                                                                                                     | **(thousands of dollars)**                                                                            |
| 2006:                                                                                                                          |                                                                                                       |               |                |                |  |
| Reserves Deducted From                                                                                                         |                                                                                                       |               |                |                |  |
| Applicable  Assets:                                                                                                            |                                                                                                       |               |                |                |  |
| Reserve  for uncollectible accounts                                                                                            |  $                                                                                               | 33,078   |  $        | 3,079     |  $ | -  |  $ | 28,989  |  $ | 7,168  |
| Reserve  for uncollectible notes                                                                                               | 1,879                                                                                            | -        | -         | -         | 1,879  |
| Deferred  tax assets                                                                                                           | 1,565                                                                                            | -        | -         | -         | 1,565  |
| Other Reserves:                                                                                                                |                                                                                                       |               |                |                |  |
| Rate  refunds                                                                                                                  | -                                                                                                | 1,227    | -         | -         | 1,227  |
| Injuries  and damages reserve                                                                                                  | 1,638                                                                                            | 1,914    | -         | 2,886     | 666  |
| Miscellaneous  operating reserves                                                                                              | 36                                                                                               | -        | -         | 30        | 6  |
| 2005:                                                                                                                          |                                                                                                       |               |                |                |  |
| Reserves Deducted From                                                                                                         |                                                                                                       |               |                |                |  |
| Applicable  Assets:                                                                                                            |                                                                                                       |               |                |                |  |
| Reserve  for uncollectible accounts                                                                                            |  $                                                                                               | 43,108   |  $        | 1,026     |  $ | -  |  $ | 11,056  |  $ | 33,078  |
| Reserve  for uncollectible notes                                                                                               | 2,578                                                                                            | -        | -         | 699       | 1,879  |
| Deferred  tax assets                                                                                                           | -                                                                                                | 1,565    | -         | -         | 1,565  |
| Other Reserves:                                                                                                                |                                                                                                       |               |                |                |  |
| Rate  refunds                                                                                                                  | 400                                                                                              | -        | -         | 400       | -  |
| Injuries  and damages reserve                                                                                                  | 1,797                                                                                            | 10,064   | -         | 10,223    | 1,638  |
| Miscellaneous  operating reserves                                                                                              | 35                                                                                               | 2        | -         | 1         | 36  |
| 2004:                                                                                                                          |                                                                                                       |               |                |                |  |
| Reserves Deducted From                                                                                                         |                                                                                                       |               |                |                |  |
| Applicable  Assets:                                                                                                            |                                                                                                       |               |                |                |  |
| Reserve  for uncollectible accounts                                                                                            |  $                                                                                               | 43,210   |  $        | 3,010     |  $ | -  |  $ | 3,112  |  $ | 43,108  |
| Reserve  for uncollectible notes                                                                                               | 2,578                                                                                            | -        | -         | -         | 2,578  |
| Other Reserves:                                                                                                                |                                                                                                       |               |                |                |  |
| Rate  refunds                                                                                                                  | 1,514                                                                                            | -        | -         | 1,114     | 400  |
| Injuries  and damages reserve                                                                                                  | 831                                                                                              | 1,801    | -         | 835       | 1,797  |
| Miscellaneous  operating reserves                                                                                              | 61                                                                                               | -        | -         | 26        | 35  |
|                                                                                                                                |                                                                                                       |               |                |                |  |
| Notes:   (1) Represents deductions from the reserves for purposes for which the  reserves were created.  In the case |
|                                                                                                                                | of  uncollectible accounts and notes reserves, includes reversals of amounts  previously written off. |
|                                                                                                                                |                                                                                                       |               |                |                |  |  |  |  |  |  |  |

** **

** **

** **

| 9 |
|---|

----

**IDAHO POWER COMPANYSCHEDULE II - CONSOLIDATED VALUATION ANDQUALIFYING ACCOUNTS****Years Ended December 31, 2006,2005, 2004**

| **Column A**                                                                                                                            | **Column B**                                                                   | **Column C**  | **Column D**   | **Column E**   |
|-----------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------|---------------|----------------|----------------|
| ** **                                                                                                                              | ** **                                                                     | **Additions** | ** **     | ** **     |
| ** **                                                                                                                              | ** **                                                                     | ** **    | **Charged**    | ** **     | ** ** |
| ** **                                                                                                                              | **Balance at**                                                                 | **Charged**   | **(Credited)** | ** **     | **Balance at** |
| ** **                                                                                                                              | **Beginning**                                                                  | **to**        | **to Other**   | **Deductions** | **End** |
| **Classification**                                                                                                                      | **of Period**                                                                  | **Income**    | **Accounts**   | **(1)**        | **of Period** |
| ** **                                                                                                                              | **(thousands of dollars)**                                                     |
| 2006:                                                                                                                                   |                                                                                |               |                |                |  |
| Reserves Deducted From                                                                                                                  |                                                                                |               |                |                |  |
| Applicable  Assets:                                                                                                                     |                                                                                |               |                |                |  |
| Reserve  for uncollectible accounts                                                                                                     |  $                                                                        | 833      |  $        | 3,079     |  $ | -  |  $ | 2,944  |  $ | 968  |
| Other reserves:                                                                                                                         |                                                                                |               |                |                |  |
| Rate  refunds                                                                                                                           | -                                                                         | 1,227    | -         | -         | 1,227  |
| Injuries  and damages reserve                                                                                                           | 1,191                                                                     | 1,445    | -         | 1,971     | 665  |
| Miscellaneous  operating reserves                                                                                                       | 36                                                                        | -        | -         | 30        | 6  |
|                                                                                                                                         |                                                                                |               |                |                |  |
| 2005:                                                                                                                                   |                                                                                |               |                |                |  |
| Reserves Deducted From                                                                                                                  |                                                                                |               |                |                |  |
| Applicable  Assets:                                                                                                                     |                                                                                |               |                |                |  |
| Reserve  for uncollectible accounts                                                                                                     |  $                                                                        | 1,363    |  $        | 1,026     |  $ | -  |  $ | 1,556  |  $ | 833  |
| Other reserves:                                                                                                                         |                                                                                |               |                |                |  |
| Rate  refunds                                                                                                                           | 400                                                                       | -        | -         | 400       | -  |
| Injuries  and damages reserve                                                                                                           | 1,797                                                                     | 6,973    | -         | 7,579     | 1,191  |
| Miscellaneous  operating reserves                                                                                                       | 35                                                                        | 2        | -         | 1         | 36  |
|                                                                                                                                         |                                                                                |               |                |                |  |
| 2004:                                                                                                                                   |                                                                                |               |                |                |  |
| Reserves Deducted From                                                                                                                  |                                                                                |               |                |                |  |
| Applicable  Assets:                                                                                                                     |                                                                                |               |                |                |  |
| Reserve  for uncollectible accounts                                                                                                     |  $                                                                        | 1,466    |  $        | 3,010     |  $ | -  |  $ | 3,113  |  $ | 1,363  |
| Other reserves:                                                                                                                         |                                                                                |               |                |                |  |
| Rate  refunds                                                                                                                           | 1,514                                                                     | -        | -         | 1,114     | 400  |
| Injuries  and damages reserve                                                                                                           | 831                                                                       | 1,301    | -         | 335       | 1,797  |
| Miscellaneous  operating reserves                                                                                                       | 61                                                                        | -        | -         | 26        | 35  |
|                                                                                                                                         | ** **                                                                     | ** **    | ** **     | ** **     | ** ** |
| Notes:  (1)  Represents  deductions from the reserves for purposes for which the reserves were  created.  In the case of |
|                                                                                                                                         | uncollectible accounts,  includes reversals of amounts previously written off. |
|                                                                                                                                         |                                                                                |               |                |                |  |  |  |  |  |  |  |

| 10 |
|----|

----

**SIGNATURES**Pursuant to the requirements ofSection 13 or 15(d) of the Securities Exchange Act of 1934, the registrant hascaused this amendment to be signed on its behalf by the undersigned, thereuntoduly authorized.

IDACORP,Inc.(Registrant)

March 1, 2007

By: */s/J. LaMont Keen*                                J. LaMont KeenPresident and Chief Executive Officer

**SIGNATURES**

Pursuant to the requirementsof Section 13 or 15(d) of the Securities Exchange Act of 1934, the registranthas caused this amendment to be signed on its behalf by the undersigned,thereunto duly authorized.

IDAHOPOWER COMPANY(Registrant)

March 1, 2007

By:*/s/J. LaMont Keen*                                J. LaMont KeenPresident and Chief Executive Officer

| 11 |
|----|

----

| 11 |
|----|

----

| **EXHIBIT INDEX**                                          |
|------------------------------------------------------------|
|                                                            |  |
| Exhibit Number                                             |  |
|                                                            |  |
| 10(h)(xix)1                                                | IDACORP, Inc. and IPC 2007  Compensation for Non-Employee Directors of the Board of Directors. |
|                                                            |  |
| 31(a)                                                      | IDACORP, Inc. Rule  13a-14(a) certification. |
|                                                            |  |
| 31(b)                                                      | IDACORP, Inc. Rule  13a-14(a) certification. |
|                                                            |  |
| 31(c)                                                      | IPC Rule 13a-14(a)  certification. |
|                                                            |  |
| 31(d)                                                      | IPC Rule 13a-14(a)  certification. |
|                                                            |  |
| 32(a)                                                      | IDACORP, Inc. Section 1350  certification. |
|                                                            |  |
| 32(b)                                                      | IPC Section 1350  certification. |
|                                                            |  |
| 1 Management contract or  compensatory plan or arrangement |
|                                                            |  |

| 12 |
|----|

----