UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~June 30~~December 20, 2022

Commission File Number		Exact name of ~~registrants~~registrant as specified in ~~their~~its ~~charters~~charter, address of principal ~~executiveoffices~~executive offices and ~~registrants~~registrant’s telephone number		IRS Employer Identification Number
1-3198		Idaho Power Company		82-0130980

1221 W. Idaho Street ~~Boise, ID 83702-5627 (208) 388-2200~~

Boise, ID 83702-5627

(208) 388-2200

State or Other Jurisdiction of Incorporation: Idaho

Former name, ~~former~~or ~~address and~~ former ~~fiscal year~~address, if changed since last report: None.

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Common Stock

IDA

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.03

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 8.01 of this Current Report on Form 8-K is incorporated herein by reference.

Item 8.01

Other Events.

Idaho Power Company ~~Selling~~Bond ~~Agency~~Purchase Agreement and Supplemental Indenture

On ~~June~~December 3022, 2022, Idaho Power Company (“IPC”) entered into a ~~Selling~~Bond ~~Agency~~Purchase Agreement (the “~~Selling~~Bond ~~Agency~~Purchase Agreement”) with ~~each~~certain ofinstitutional ~~BofA~~purchasers ~~Securities,~~(the ~~Inc.~~“Purchasers”), ~~J.P.~~relating ~~Morgan~~to ~~Securities LLC, KeyBanc Capital Markets Inc., MUFG Securities Americas Inc., U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC in connection with~~ the ~~issuance and~~ sale by IPC ~~from~~of ~~time~~$170,000,000 toaggregate ~~time~~principal amount of IPC’s First Mortgage Bonds, Secured Medium-Term Notes, Series MN (the “Series MN Notes”),. toIPC bewill ~~issued~~use ~~under~~ the ~~Indenture~~proceeds of 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), as supplemented by all indentures supplemental thereto (the ~~“Indenture”).~~sale ~~The Selling Agency Agreement contains representations, warranties and covenants~~ of ~~IPC, customary conditions to closing, indemnification rights and obligations of~~ the ~~parties and termination provisions. IPC has no obligation to sell any minimum principal amount of~~ Series MN Notes ~~under~~for ~~the~~general ~~Selling~~corporate ~~Agency Agreement~~purposes, ~~and~~primarily ~~may~~related ~~issue up~~ to athe ~~maximum~~construction ~~aggregate principal amount~~ of ~~$1,200,000,000~~a ofbattery ~~Series~~storage ~~M Notes under the Selling Agency Agreement~~project. The ~~Selling~~Series ~~Agency~~N ~~Agreement~~Notes isconsist ~~filed as Exhibit 1.1 to this report. The foregoing description~~ of ~~the Selling Agency Agreement is not complete and is qualified in its entirety by reference to such exhibit.~~:

On• ~~June 30~~$23, ~~2022~~000,000 inaggregate ~~connection~~principal ~~with~~amount ~~the offer and sale~~ of ~~the~~Idaho ~~Series~~Power’s M4.99% ~~Notes~~First ~~from~~Mortgage ~~time~~Bonds todue ~~time~~2032, ~~pursuant~~Secured ~~to a registration statement on Form S~~Medium-3Term ~~filed by IPC with the U.S. Securities and Exchange Commission (File No. 333-264984)~~Notes, ~~which~~Series ~~became effective on May 16~~N, ~~2022,~~Tranche ~~IPC~~1 ~~filed a prospectus supplement with the U.S. Securities and Exchange Commission pursuant to Rule 424~~(~~b) under~~ the ~~Securities~~“Tranche ~~Exchange~~1 ~~Act of 1933.~~Bonds”);

~~Effective~~• ~~as of June 30~~$25, ~~2022~~000,000 ~~IPC~~aggregate ~~entered~~principal ~~into~~amount ~~the~~of ~~Fiftieth~~Idaho ~~Supplemental~~Power’s ~~Indenture, to the Indenture~~5.06% ~~The~~First ~~Fiftieth~~Mortgage ~~Supplemental~~Bonds ~~Indenture~~due ~~provides for~~2042, ~~among~~Secured ~~other~~Medium-Term ~~items~~Notes, ~~the issuance of~~ Series MN, ~~Notes~~Tranche ~~pursuant~~2 to (the ~~Indenture.~~“Tranche 2 Bonds”);

A• ~~copy~~$60,000,000 aggregate principal amount of ~~the~~Idaho ~~Fiftieth~~Power’s ~~Supplemental~~5.06% ~~Indenture~~First isMortgage ~~filed~~Bonds asdue ~~Exhibit~~2043, ~~4.1~~Secured toMedium-Term ~~this~~Notes, ~~report.~~Series N, Tranche 3 (the “Tranche 3 Bonds”); and

~~This~~• ~~Current~~$62,000,000 ~~Report~~aggregate onprincipal ~~Form~~amount ~~8-K does not constitute an offer to sell or a solicitation~~ of anIdaho ~~offer~~Power’s to5.20% ~~buy~~First ~~the~~Mortgage ~~securities~~Bonds ~~described~~due ~~in this report~~2053, ~~and~~Secured ~~there~~Medium-Term ~~shall~~Notes, ~~not~~Series ~~be any sale of these securities in any state or jurisdiction in which such an offer~~N, ~~solicitation~~Tranche or4 ~~sale would be unlawful prior to registration or qualification under~~ (the ~~securities~~“Tranche ~~laws~~4 ~~of any such jurisdiction~~Bonds”). ~~The sale of securities is being made only by means of a prospectus and related prospectus supplement.~~

The Bond Purchase Agreement contains representations, warranties and agreements of IPC, customary conditions to closing, indemnification rights and obligations of the parties and termination provisions. A copy of the Bond Purchase Agreement is filed as Exhibit 1.1 to this report.

The Tranche 1 Bonds and Tranche 2 Bonds were issued on December 22, 2022 and the Tranche 3 Bonds and Tranche 4 Bonds are expected to be issued on March 8, 2023, each under the Indenture of 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), as supplemented by all indentures supplemental thereto (the “Indenture”). Effective as of December 20, 2022, IPC entered into the Fifty-second Supplemental Indenture, to the Indenture. The Fifty-second Supplemental Indenture provides for, among other items, the issuance of Series N Notes pursuant to the Indenture.

A copy of the Fifty-second Supplemental Indenture is filed as Exhibit 4.1 to this report.

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits. ~~The following exhibits are being furnished as part of this report.~~

Exhibit Number		Description
Exhibit No.		Description
1.1		~~Selling~~Bond ~~Agency~~Purchase Agreement, dated ~~June~~December 3022, 2022, between Idaho Power Company and ~~each~~the ofPurchasers ~~BofA~~named ~~Securities, Inc., J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., MUFG Securities Americas Inc., U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC~~therein
4.1		Idaho Power Company ~~Fiftieth~~Fifty-second Supplemental Indenture, dated effective as of ~~June~~December 3020, 2022, to Mortgage and Deed of Trust, dated as of October 1, 1937
104		Cover Page Interactive Data File ~~Cover Page Interactive Data File~~ (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: December ~~June 30~~22, 2022


IDAHO POWER COMPANY

By:		/s/ Lisa A. Grow
		Lisa A. Grow
		President and Chief Executive Officer

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