EX-4.1 3 d874525dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 IDAHO POWER COMPANY TO DEUTSCHE BANK TRUST COMPANY AMERICAS As Trustee under its Mortgage and Deed of Trust dated as of October 1, 1937 Fifty-third Supplemental Indenture providing among other things for Bonds of MTN Series O Dated as of February 26, 2025 TABLE OF CONTENTS 1 Page Parties and Recitals 1 Granting Clause and Property Description 5 ARTICLE I Maximum Amount of Obligations to be Secured by the Indenture Section 1. Maximum Amount of Obligations to be Secured by the Indenture 8 ARTICLE II Description of Bonds of MTN Series O Section 2. General terms and redemption provisions 8 Section 3. Exchange and transfers of Bonds 9 Section 4. Form of Bonds 10 Section 5. Temporary Bonds 10 ARTI…
Open exhibit ↗Current Report · Items 8.01, 9.01 · 8-K
IDAHO POWER CO
Other Events
Item 8.01 Other Events. Idaho Power Company Selling Agency Agreement and Supplemental Indenture On February 26, 2025, Idaho Power Company (“IPC”) entered into a Selling Agency Agreement (the “Selling Agency Agreement”) with each of BofA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., U.S. Bancorp Investments, Inc.…
Disclosure sections
Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events.
Idaho Power Company Selling Agency Agreement and Supplemental Indenture
On February 26, 2025, Idaho Power Company (“IPC”) entered into a Selling Agency Agreement (the “Selling Agency Agreement”) with each of BofA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC in connection with the issuance and sale by IPC from time to time of First Mortgage Bonds, Secured Medium-Term Notes, Series O (the “Series O Notes”), to be issued under the Indenture of Mortgage and Deed of Trust, dated as of October 1, 1937, between IPC and Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), as supplemented by all indentures supplemental thereto (the “Indenture”). The Selling Agency Agreement contains representations, warranties and covenants of IPC, customary conditions to closing, indemnification rights and obligations of the parties and termination provisions. IPC has no obligation to sell any minimum principal amount of Series O Notes under the Selling Agency Agreement, and may issue up to a maximum aggregate principal amount of $2,100,000,000 of Series O Notes under the Selling Agency Agreement. The Selling Agency Agreement is filed as Exhibit 1.1 to this report. The foregoing description of the Selling Agency Agreement is not complete and is qualified in its entirety by reference to such exhibit.
On February 26, 2025, in connection with the offer and sale of the Series O Notes from time to time pursuant to a registration statement on Form S-3 filed by IPC with the U.S. Securities and Exchange Commission (File No. 333-285140-01), which became effective on February 21, 2025, IPC filed a prospectus supplement with the U.S. Securities and Exchange Commission pursuant to Rule 424(b) under the Securities Exchange Act of 1933.
Effective as of February 26, 2025, IPC entered into the Fifty-third Supplemental Indenture, to the Indenture. The Fifty-third Supplemental Indenture provides for, among other items, the issuance of Series O Notes pursuant to the Indenture and the increase from $3.5 billion to $5.5 billion of the maximum amount of obligations permitted to be secured at any one time by the Indenture.
A copy of the Fifty-third Supplemental Indenture is filed as Exhibit 4.1 to this report.