Exhibit 5(b) and 8


                     LeBoeuf, Lamb, Greene & MacRae, L.L.P.
                              125 West 55th Street
                            New York, New York 10019




                                                     July 23, 2001


IDACORP, Inc.
1221 West Idaho Street
Boise, Idaho  83702-5627

Ladies and Gentlemen:

              We have acted as counsel to IDACORP, Inc., an Idaho corporation
(the "Company"), in connection with the preparation and filing of the
registration statement on Form S-3 (the "Registration Statement"), which the
Company proposes to file on or shortly after the date hereof under the
Securities Act of 1933, as amended (the "Act").

          The Registration Statement relates to the issuance and sale by the
Company of 500,000 shares of common stock, without par value (the "Stock"), and
the preferred share purchase rights attached thereto (the "Rights") (the Stock
and the Rights collectively referred to as the "Shares") pursuant to the
Company's Dividend Reinvestment and Stock Purchase Plan (the "Plan").

          For purposes of this opinion, we have examined originals or copies,
certified or otherwise identified to our satisfaction, of (i) the Registration
Statement; (ii) the Rights Agreement, dated as of September 10, 1998 between the
Company and The Bank of New York, as Rights Agent (the "Rights Agreement");
(iii) the Articles of Incorporation, as amended, and Amended Bylaws of the
Company, as in effect on the date hereof; (iv) resolutions adopted by the Board
of Directors of the Company relating to the Registration Statement, the Rights
Agreement and the issuance and sale of the Shares; and (v) such other documents,
certificates and records as we have deemed necessary or appropriate. In such
examination we have assumed the genuineness of all signatures, the authenticity
of all documents submitted to us as originals, the conformity to the original
documents of all documents submitted to us as copies and the authenticity of the
originals of such latter documents. As to any facts material to our opinion, we
have, when relevant facts were not independently established, relied upon the
aforesaid agreements, instruments, records, certificates and documents. We have
also assumed the regularity of all corporate procedures.








IDACORP, Inc.
July 23, 2001
Page 2

          Based upon the foregoing, and subject to the qualifications herein
expressed, we are of the opinion that:

          (1)  The Stock will be validly issued, fully paid and non-assessable
               and the Rights will be legally issued and binding obligations of
               the Company when (i) the Stock shall have been issued, sold and
               delivered for the consideration contemplated in the Registration
               Statement and in accordance with the actions hereinabove
               mentioned and (ii) the Rights shall have been issued in
               accordance with the terms of the Rights Agreement and in
               accordance with the actions hereinabove mentioned;

          (2)  The Stock to be purchased in the open market is validly issued,
               fully paid and non-assessable, and the Rights attached thereto
               are legally issued and binding obligations of the Company; and

          (3)  The statements made in the Registration Statement under the
               heading "Federal Income Tax Consequences" constitute an accurate
               description of certain Federal income tax consequences to
               participants in the Plan.

          The matters relating to the Shares are governed by the law of the
State of Idaho. In regard to the Rights, we note that Section 30-1610 of the
Idaho Control Share Acquisition Law and Section 30-1706 of the Idaho Business
Combination Law each provides that nothing contained in either the Idaho Control
Share Acquisition Law (Sections 30-1601 through 30- 1614) or the Idaho Business
Combination Law (Sections 30-1701 through 30-1710), respectively, is intended to
limit the corporate powers or authority of an "issuing public corporation" (as
defined in such statutes), such as the Company, to take actions "which the
directors may appropriately determine to be in furtherance of the protection of
the interests of the corporation and its shareholders, including without
limitation the authority to . . . enter into . . . arrangements", such as the
Rights Agreement, that "deny rights . . . to the holder or holders of at least a
specified number of shares or percentage of share ownership or voting power in
certain circumstances."

          Because we are not aware of any court decision applying the law of the
State of Idaho that addresses the effect of these statutory provisions or the
validity of plans similar to the Rights Agreement, it is difficult to express a
professional judgment as to how a court applying the law of the State of Idaho
would rule with respect to the issues relating to the Rights. Nevertheless, we
are able to advise you of our opinion as expressed herein, which reflects our
professional conclusion concerning how a court applying the law of the State of
Idaho (including, but not limited to, Section 30-1610 of the Idaho Control Share
Acquisition Law and Section 30-1706 of the Idaho Business Combination Law)
likely would rule.







IDACORP, Inc.
July 23, 2001
Page 3


Although we are not admitted to practice in the State of Idaho, we have
conferred with Robert W. Stahman, Esq., Vice President, General Counsel and
Secretary of the Company, for purposes of rendering this opinion. General
Counsel and we have concluded that a court applying the law of the State of
Idaho, when presented with novel questions concerning takeover matters, such as
the effect of the statutory provisions cited above, the adoption by the Company
of the Rights Agreement and the status of the Rights, most likely would apply
the corporate law of the State of Delaware, the most fully developed body of
corporate law in the United States. Accordingly, in rendering our opinion, we
have assumed that Delaware corporate law, as expressed in court decisions
applying that law, with which we are familiar, provides an indication of what
standards a court would apply if it were required to apply the law of the State
of Idaho considering the matters relating to the Rights. If, however, such a
court did not apply the corporate law of Delaware to the Rights Agreement and
the Rights, we cannot express a professional judgment as to the conclusions such
a court would reach or as to the effect of such conclusions, whether positive or
negative, on the Rights.

          With respect to this opinion, we do not hold ourselves out as experts
on the laws of any state other than the State of New York. Our opinions
expressed above are limited to the laws of the State of New York, the General
Corporation Law of the State of Delaware and the applicable provisions of the
Constitution of the State of Delaware and the reported judicial decisions
interpreting the Delaware laws, and the federal laws of the United States.
Insofar as this opinion involves matters of the law of the State of Idaho, we
have relied upon an opinion of even date herewith addressed to you by Robert W.
Stahman, Vice President, General Counsel and Secretary of the Company.

          We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement and to the references to us under the caption "Legal
Opinions" in said Registration Statement and any amendments thereto, and in the
Prospectus constituting a part thereof.

                                Very truly yours,

                                /s/ LeBoeuf, Lamb, Greene & MacRae, L.L.P.