Business Services Industry

Fitch Rates Idaho Power Co.'s $60MM FMBs 'A-'

Business Wire, August 24, 2005

NEW YORK -- Fitch Ratings has assigned an 'A-' rating to Idaho Power Company's (IPC) $60 million issue of 5.375% first mortgage bonds (FMBs) due Aug. 15, 2035. The Rating Outlook is Stable. Proceeds will be used to repay the $60 million 5.83% first mortgage bonds that mature Sept. 9, 2005.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.

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