SECURITIES AND
EXCHANGE COMMISSION
WASHINGTON, DC 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) August
29, 2002
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Exact name of Registrants as specified in |
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Commission |
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their charters, address of principal executive |
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IRS Employer |
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File Number |
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offices and Registrants' telephone number |
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Identification Number |
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1-14465 |
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IDACORP, Inc. |
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82-0505802 |
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1-3198 |
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Idaho Power Company |
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82-0130980 |
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1221 W. Idaho Street |
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Boise, ID 83702-5627 |
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(208) 388-2200 |
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State or Other Jurisdiction of Incorporation: Idaho |
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None |
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Former name, former address and former fiscal year, if changed since last report. |
IDACORP, Inc.
IDAHO POWER COMPANY
Form 8-K
Items 1 through 4 and 6 through 9 are inapplicable and have
been omitted herefrom.
Item 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.
On August 29, 2002, the Idaho Public Utilities Commission (IPUC) denied Idaho Power Company's (IPC) petition for reconsideration concerning IPC's request to recover $12 million in lost revenue through IPC's Power Cost Adjustment (PCA) filing. As previously reported, Idaho Power, in October 2001, made the request to include recovery of lost revenues that resulted from a 2001 irrigation load reduction program in IPC's annual PCA filing. In April, the IPUC authorized recovery of the program's direct costs - mainly the incentive payments to irrigators -but denied IPC's request to collect $12 million in lost revenues. IPC then petitioned for reconsideration and in May, the IPUC agreed to reconsider the issue. After reconsideration the IPUC on August 29th again denied recovery. This amount will be written off in accordance with accounting principles generally accepted in the United States of America in the third quarter. The Company has 42 days to determine if it will file an appeal to the Idaho Supreme Court.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrants have duly caused this report to be signed on their
behalf by the undersigned hereunto duly authorized.
Dated: September 3, 2002
IDACORP, Inc.
By:/s/Darrel T. Anderson
Darrel T. Anderson
Vice President, Chief Financial
Officer and Treasurer
IDAHO POWER COMPANY
By:/s/Darrel
T. Anderson
Darrel T. Anderson
Vice President, Chief Financial
Officer and Treasurer