FAIR VALUE MEASUREMENTS: Level 3 (Tables)

6 Months Ended

Jun. 30, 2014

Fair value measurements [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The table below presents information about IDACORP’s and Idaho Power’s assets and liabilities measured at fair value on a recurring basis as of June 30, 2014 and December 31, 2013 (in thousands of dollars). 

	June 30, 2014								December 31, 2013
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Derivatives	$	2,067	$	407	$	—	$	2,474	$	1,437	$	235	$	—	$	1,672
Money market funds	100		—		—		100		100		—		—		100
Trading securities:  Equity securities	144		—		—		144		1,153		—		—		1,153
Available-for-sale securities:  Equity securities	43,240		—		—		43,240		41,119		—		—		41,119
Liabilities:
Derivatives	$	283	$	226	$	—	$	509	$	546	$	26	$	—	$	572

Fair Value, by Balance Sheet Grouping [Table Text Block]

The table below presents the carrying value and estimated fair value of financial instruments that are not reported at fair value, as of June 30, 2014 and December 31, 2013, using available market information and appropriate valuation methodologies. 

	June 30, 2014				December 31, 2013
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
	(thousands of dollars)
IDACORP
Assets:
Notes receivable(1)	$	3,472	$	3,472	$	3,472	$	3,472
Liabilities:
Long-term debt(1)	1,615,380		1,738,062		1,616,322		1,600,248
Idaho Power
Liabilities:
Long-term debt(1)	$	1,615,380	$	1,738,062	$	1,616,322	$	1,600,248

⁽¹⁾ Notes receivable and long-term debt are categorized as Level 3 and Level 2, respectively, of the fair value hierarchy, as defined earlier in this Note 12.