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Idaho Power to sell up to $500M of notes

IDACORPInc. utility IdahoPower Co. entered into an agreement to sell up to $500 million ofits first mortgage bonds, secured medium-term notes, series K from time to time.

The company plans to add net proceeds from the offering toits general funds, according to a Form 8-K filed Sept. 28.

Under the agreement, the notes may be sold by the followingagents: NY Mellon Capital Markets LLC, J.P. Morgan Securities LLC, KeyBancCapital Markets Inc., Bank of America Merrill Lynch, Pierce, Fenner & SmithInc., MUFG Securities Americas Inc., U.S. Bancorp Investments Inc. and WellsFargo Securities LLC. The agents, however, are not required to sell anyspecific amount of notes.