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Condensed Consolidated Statements of Income Statement (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Operating Revenues:        
General business $ 220,529 $ 194,296 $ 417,958 $ 397,568
Off-system sales 11,418 20,720 39,126 50,565
Other revenues 21,600 18,908 36,946 36,853
Total electric utility revenues 253,547 233,924 494,030 484,986
Other 1,154 1,059 1,812 1,491
Total operating revenues 254,701 234,983 495,842 486,477
Operating Expenses:        
Purchased power 45,178 36,423 79,456 61,517
Fuel expense 21,285 19,704 54,036 49,606
Power cost adjustment (3,211) 15,501 5,798 46,807
Other operations and maintenance 86,005 85,472 164,517 156,133
Energy efficiency programs 8,084 5,796 12,561 12,507
Depreciation 29,879 29,693 60,421 59,157
Taxes other than income taxes 7,849 7,182 15,949 14,394
Total electric utility expenses 195,069 199,771 392,738 400,121
Other 832 913 1,959 1,966
Total operating expenses 195,901 200,684 394,697 402,087
Operating Income 58,800 34,299 101,145 84,390
Other Income (Expense):        
Other (expense) income, net 6,571 5,041 13,163 9,579
Earnings (Losses) of Unconsolidated Equity-Method Investments (1,928) (4,447) (509) (5,741)
Interest Expense:        
Interest on long-term debt 20,083 19,504 39,582 40,351
Other interest, net of AFUDC (2,647) (1,936) (4,940) (3,823)
Total interest expense, net 17,436 17,568 34,642 36,528
Income Before Income Taxes 46,007 17,325 79,157 51,700
Income Tax (Benefit) Expense 10,569 (3,652) 18,902 1,235
Net Income 35,438 20,977 60,255 50,465
Adjustment for (income) loss attributable to noncontrolling interests (137) (76) (25) 176
Net Income Attributable to IDACORP, Inc. 35,301 20,901 60,230 50,641
Weighted Average Common Shares Outstanding - Basic (000’s) 49,927 49,420 49,893 49,355
Weighted Average Common Shares Outstanding - Diluted (000’s) 49,984 49,516 49,944 49,436
Earnings Per Share of Common Stock:        
Earnings Attributable to IDACORP, Inc. - Basic $ 0.71 $ 0.42 $ 1.21 $ 1.03
Earnings Attributable to IDACORP, Inc. - Diluted $ 0.71 $ 0.42 $ 1.21 $ 1.02
Dividends Declared Per Share of Common Stock $ 0.33 $ 0.30 $ 0.66 $ 0.60
Idaho Power Company
       
Operating Revenues:        
General business 220,529 194,296 417,958 397,568
Off-system sales 11,418 20,720 39,126 50,565
Other revenues 21,600 18,908 36,946 36,853
Total electric utility revenues 253,547 233,924 494,030 484,986
Operating Expenses:        
Purchased power 45,178 36,423 79,456 61,517
Fuel expense 21,285 19,704 54,036 49,606
Power cost adjustment (3,211) 15,501 5,798 46,807
Other operations and maintenance 86,005 85,472 164,517 156,133
Energy efficiency programs 8,084 5,796 12,561 12,507
Depreciation 29,879 29,693 60,421 59,157
Taxes other than income taxes 7,849 7,182 15,949 14,394
Total electric utility expenses 195,069 199,771 392,738 400,121
Operating Income 58,478 34,153 101,292 84,865
Other Income (Expense):        
Allowance for equity funds used during construction 7,832 6,365 15,449 11,694
Other (expense) income, net (1,367) (1,363) (2,847) (2,375)
Earnings (Losses) of Unconsolidated Equity-Method Investments (266) (3,428) 4,027 (2,570)
Total other income 6,199 1,574 16,629 6,749
Interest Expense:        
Interest on long-term debt 20,083 19,504 39,582 40,351
Other interest 1,579 1,311 3,138 2,525
Allowance for borrowed funds used during construction (4,333) (3,375) (8,282) (6,589)
Total interest expense, net 17,329 17,440 34,438 36,287
Income Before Income Taxes 47,348 18,287 83,483 55,327
Income Tax (Benefit) Expense 12,639 (2,414) 22,954 4,779
Net Income $ 34,709 $ 20,701 $ 60,529 $ 50,548