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**UNITEDSTATES SECURITIES AND EXCHANGE COMMISSION****Washington, D.C. 20549****FORM10-K/A(Amendment No. 2)**

(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.  (    )

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):

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| 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.

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**Explanatory Note**

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The registrants are filingthis Amendment No. 2 to their Annual Report on Form 10-K, as amended by Form10-K/A (Amendment No. 1), for the fiscal year ended December 31, 2006, filed onMarch 1, 2007, to correct the cover page by removing the check mark from thebox relating to disclosure of delinquent filers pursuant to Item 405 ofRegulation S-K.  There will be disclosure of a late filing in 2006 in IDACORP,Inc.'s definitive proxy statement to be filed pursuant to Regulation 14A forthe 2007 Annual Meeting of Shareholders to be held on May 17, 2007.

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**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 26, 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 26, 2007

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

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| **EXHIBIT INDEX** |
|-------------------|
|                   |  |
| Exhibit Number    |  |
|                   |  |
| 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. |
|                   |  |

|  |
|--|

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