IDACORP, Inc. Annual Meeting Of Shareholders Scheduled For May 17

BOISE, Idaho, May 9, 2012 -- IDACORP, Inc. (NYSE: IDA) will host its 2012 Annual Meeting of Shareholders on Thursday, May 17 at 10 a.m. local time at Idaho Power Company headquarters, located at 1221 W. Idaho St. in Boise. IDACORP, Inc. President and Chief Executive Officer J. LaMont Keen will share speaking duties with Executive Vice President - Administrative Services and Chief Financial Officer Darrel Anderson. The executives will address 2011 performance by IDACORP, Inc. and its primary subsidiary, Idaho Power Company, and share key initiatives for 2012 and beyond.

IDACORP, Inc. previously mailed formal notice of this meeting to shareholders of record as of March 29, 2012. Attendance at the live on-site meeting is limited to IDACORP, Inc. shareholders who satisfy the requirements set forth in the proxy statement for the Annual Meeting delivered or made available to shareholders of record.

The meeting also will be webcast at www.idacorpinc.com and is available to all shareholders and non-shareholders. Conference call login information will be posted on the company's website the morning of the call. Presentation slides will be available on the website at the beginning of the meeting. All Annual Meeting webcast materials will be posted to the company's website shortly after the Annual Meeting and will be available for 12 months after.

About IDACORP, Inc.

IDACORP, Inc. (NYSE: IDA) is based in Boise, Idaho and was formed in 1998 as a holding company. IDACORP subsidiaries include: Idaho Power, a regulated electric utility; IDACORP Financial, an investor in affordable housing projects and real estate; and Ida-West Energy, an operator of small hydroelectric projects. IDACORP's origins lie with Idaho Power and operations beginning in 1916. Today, Idaho Power employs approximately 2,000 people who serve nearly 500,000 customers throughout a 24,000-square-mile area in southern Idaho and eastern Oregon. To learn more, visit www.idahopower.com or www.idacorpinc.com.

Contacts:
Lawrence F. Spencer
Director of Investor Relations
208-388-2664
[email protected]

Stephanie McCurdy
Communications Specialist
208-388-6973
[email protected]