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IDACORP, subsidiary file registration statement to issue common stock, debt

IDACORP Inc. filed an automatic shelf registration for the potential sale of $539,328,610 in common stock and debt securities.

The proceeds will be used to invest in or make loans to IDACORP's subsidiaries, repay debt or pay for any acquisitions, according to a May 17 filing.

Idaho Power Co., IDACORP's subsidiary, also filed to sell first mortgage bonds and unsecured debt securities from time to time to acquire property, upgrade facilities and repay short-term borrowings.