FAIR VALUE MEASUREMENTS: Fair Value Measurements Level 3 (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents information about IDACORP’s and Idaho Power’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2015 and 2014 (in thousands of dollars):



	December 31, 2015								December 31, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Money market funds:
IDACORP - Parent	$	1,000	$	—	$	—	$	1,000	$	—	$	—	$	—	$	—
Idaho Power	10,000		—		—		10,000		100		—		—		100
Derivatives	340		64		—		404		506		128		—		634
Trading securities: Equity securities	102		—		—		102		141		—		—		141
Available-for-sale securities: ETFs	24,459		—		—		24,459		44,942		—		—		44,942
Liabilities:
Derivatives	$	286	$	4,686	$	—	$	4,972	$	17	$	3,944	$	—	$	3,961

Fair Value, by Balance Sheet Grouping

The table below presents the carrying value and estimated fair value of financial instruments that are not reported at fair value, as of December 31, 2015 and 2014, using available market information and appropriate valuation methodologies (in thousands of dollars):



	December 31, 2015				December 31, 2014
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
	(thousands of dollars)
IDACORP
Assets:
Notes receivable⁽¹⁾	$	3,804	$	3,804	$	3,804	$	3,804
Liabilities:
Long-term debt⁽¹⁾	1,726,474		1,813,243		1,615,502		1,788,197
Idaho Power
Liabilities:
Long-term debt⁽¹⁾	$	1,726,474	$	1,813,243	$	1,615,502	$	1,788,197

⁽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 16.