WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> UT <LEGEND> This schedule contains summary financial information extracted from IDACORP, Inc. and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1999 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,714,771 <OTHER-PROPERTY-AND-INVEST> 129,467 <TOTAL-CURRENT-ASSETS> 245,220 <TOTAL-DEFERRED-CHARGES> 376,340 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 2,465,798 <COMMON> 451,185 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 290,867 <TOTAL-COMMON-STOCKHOLDERS-EQ> 742,052 <PREFERRED-MANDATORY> 0 <PREFERRED> 105,955 <LONG-TERM-DEBT-NET> 721,030 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 13,727 <COMMERCIAL-PAPER-OBLIGATIONS> 26,712 <LONG-TERM-DEBT-CURRENT-PORT> 86,346 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 769,976 <TOT-CAPITALIZATION-AND-LIAB> 2,465,798 <GROSS-OPERATING-REVENUE> 174,149 <INCOME-TAX-EXPENSE> 16,700 <OTHER-OPERATING-EXPENSES> 114,320 <TOTAL-OPERATING-EXPENSES> 131,020 <OPERATING-INCOME-LOSS> 43,129 <OTHER-INCOME-NET> 3,140 <INCOME-BEFORE-INTEREST-EXPEN> 46,269 <TOTAL-INTEREST-EXPENSE> 16,768 <NET-INCOME> 29,501 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 29,501 <COMMON-STOCK-DIVIDENDS> 17,468 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 47,120 <EPS-BASIC> 0.78 <EPS-DILUTED> 0.78