UNITED STATES
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): March 15,
2007
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Exact name of registrants as specified in |
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Commission |
their charters, address of principal executive |
IRS Employer |
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File Number |
offices and registrants' telephone number |
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 |
Idaho Power Company |
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 |
Former name or former address, if changed since last report. |
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))
IDACORP, Inc.
Idaho Power
Company
Form 8-K
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
(d) On March 15, 2007, the Boards of Directors of IDACORP,
Inc. ("IDACORP") and Idaho Power Company ("Idaho Power") elected Judith A.
Johansen to the Boards of Directors of IDACORP and Idaho Power, effective April
1, 2007, to serve until the next Annual Meeting of Shareholders to be held on
May 17, 2007. Ms. Johansen will serve on the Audit Committee, effective April
15, 2007.
Ms. Johansen served as President and Chief Executive Officer
of PacifiCorp, an electric utility, from June 2001 to March 2006 and as
Executive Vice President of PacifiCorp from December 2000 to June 2001. Prior
to joining PacifiCorp, Ms. Johansen was the CEO and Administrator of Bonneville
Power Administration, a federal power marketing agency in the Pacific Northwest.
Ms. Johansen also serves as a director of Cascade Bancorp, Kaiser Permanente
and Schnitzer Steel.
The election of Ms. Johansen as a director increases the
size of the IDACORP and Idaho Power Boards of Directors from eleven to twelve
members.
Ms. Johansen will have an Indemnification Agreement with
IDACORP. The Indemnification Agreement will provide, among other things, that
IDACORP will indemnify and hold Ms. Johansen harmless for losses and expenses
resulting from claims arising out of, or related to, the fact that she is or
was a director of IDACORP. The form of indemnification agreement has been
previously filed with the Securities and Exchange Commission (File No. 1-14465,
1-3198, Form 10-Q for the quarter ended September 30, 2006, filed on November
2, 2006, as Exhibit 10(h)(xx)).
SIGNATURES
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: March 20, 2007
IDACORP, Inc.
By: /s/
Darrel T. Anderson
Darrel T. Anderson
Senior
Vice President -
Administrative
Services and
Chief
Financial Officer
Idaho Power Company
By: /s/
Darrel T. Anderson
Darrel T. Anderson
Senior
Vice President
Administrative
Services and
Chief Financial Officer
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