NEW YORK, May 26, 2004 – LAWFUEL – The Law Firm of Geller Rudman, …

NEW YORK, May 26, 2004 - LAWFUEL - The Law Firm of Geller Rudman, PLLC announced today that a class action lawsuit has been filed in the United States District Court for the District of Idaho on behalf of purchasers of Idacorp, Inc. ("Idacorp" or the "Company") (NYSE: IDA) publicly traded securities during the period between February 1, 2002 and June 4, 2002, inclusive (the "Class Period"). A copy of the complaint filed in this action is available from the Court, or can be viewed on the firm's website at http://www.geller-rudman.com/case_signup_sec.asp?cID=296. The complaint charges Idacorp, Jon H. Miller, Jan B. Packwood, J. Lamont Keen, and Darrel T. Anderson violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by issuing a series of material misrepresentations to the market between February 1, 2002 and June 4, 2002, about the Company's financial outlook, thereby artificially inflating the price of Idacorp stock. More specifically, the Complaint alleges that the Company failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them: (1) that the Company failed to appreciate what the negative impact of lower volatility and reduced pricing spreads in the Western wholesale energy market would have on its marketing subsidiary, Idacorp Energy; (2) that the Company was forced to limit its origination activities to shorter-term transactions due to increasing regulatory uncertainty and continued deterioration of credit-worthy counter parties; (3) that the Company failed to discount for the fact that Idaho Power may not recover from the lingering effects from last year's regional drought; and (4) that, as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and their earnings projections. On June 4, 2002, Idacorp, citing stagnant wholesale energy markets and the continued pressure of drought, lowered its 2002 earnings guidance to a range between $1.35 and $1.70 per share. News of this shocked the market, shares of Idacorp plunged down $5.80 per share or 17.26% to close at $27.80 per share on June 4, 2002. If you bought Idacorp publicly traded securities between February 1, 2002 and June 4, 2002, inclusive, and you wish to serve as lead plaintiff, you must move the Court no later than July 26, 2004. If you are a member of this class, you can join this class action online at http://www.geller-rudman.com. Any member of the purported class may move the Court to serve as lead plaintiff through Geller Rudman or other counsel of their choice, or may choose to do nothing and remain an absent class member. Geller Rudman, PLLC is a national law firm that represents investors and consumers in class action and corporate governance litigation. It is one of the country's premier firms in the area of securities fraud, with in-house finance and forensic accounting specialists and extensive trial experience. Since its founding, Geller Rudman, PLLC has grown to become one of the most respected and successful firms representing investors and consumers in class action litigation. The firm came of age under the client focused realities of the Private Securities Litigation Reform Act of 1995, which provided new opportunities for institutional investors to assume leadership in combating securities fraud. The firm's lawyers have achieved substantial recoveries for aggrieved investors and consumers in class action lawsuits prosecuted in state and federal courts throughout the nation. Geller Rudman, PLLC maintains a widely recognized reputation for excellence, as courts have repeatedly appointed the firm to major positions in intricate multi-district or consolidated litigations. In this regard, Geller Rudman, PLLC has successfully pursued hundreds of class action lawsuits, has taken a lead role in numerous complex litigations on behalf of defrauded investors and consumers and has been responsible for billions in recoveries as well as landmark corporate governance changes. The firm maintains offices in Boca Raton and New York. If you have any questions about how you may be able to recover for your losses, or if you would like to consider serving as one of the lead plaintiffs in this lawsuit, you are encouraged to call or e-mail the Firm or visit the Firm's website at http://www.geller-rudman.com. Contact: GELLER RUDMAN, PLLC Samuel H. Rudman, Esq. or David A. Rosenfeld, Esq. Client Relations Department: 200 Broadhollow, Suite 406 Melville, NY 11747 631-367-7100 Toll Free: 1-877-992-2555 Fax: 1-631-367-1173 E-mail: info@geller-rudman.com

NEW YORK, May 26, 2004 – LAWFUEL – The Law Firm of Geller Rudman, …

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