It is known that there is a close relation between Prikry forcing and the iteration of ultrapowers: If U is a normal ultrafilter on a measurable cardinal κ and 〈Mn, jm,n | m ≤ n ≤ ω〉 is the iteration of ultrapowers of V by U, then the sequence of critical points 〈j0,n | n ∈ ω〉 is a Prikry generic sequence over Mω. In this paper we generalize this for normal precipitous filters.