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Condensed Consolidated Statements of Income Statement - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating Revenues:        
General business $ 341,825 $ 340,796 $ 885,486 $ 897,943
Off-system sales 6,143 6,487 16,532 23,335
Other revenues 23,506 21,234 64,433 61,334
Total electric utility revenues 371,474 368,517 966,451 982,612
Other 571 648 1,986 2,277
Total operating revenues 372,045 369,165 968,437 984,889
Operating Expenses:        
Purchased power 74,448 71,890 170,675 166,191
Fuel expense 73,925 66,385 139,657 144,262
Power cost adjustment (18,342) (11,914) 11,914 26,372
Other operations and maintenance 87,090 83,972 259,813 255,329
Energy efficiency programs 9,102 7,645 24,256 19,854
Depreciation 36,036 34,639 107,447 102,996
Taxes other than income taxes 8,287 8,286 25,228 24,999
Total electric utility expenses 270,546 260,903 738,990 740,003
Other 3,571 3,598 10,748 11,340
Total operating expenses 274,117 264,501 749,738 751,343
Operating Income 97,928 104,664 218,699 233,546
Other Income (Expense):        
Allowance for equity funds used during construction 5,931 5,654 16,153 16,219
Earnings of unconsolidated equity-method investments 12,324 5,527 13,650 8,636
Other income (expense), net 2,681 1,222 7,074 5,054
Interest Expense:        
Interest on long-term debt 20,296 20,614 61,659 62,443
Other interest 2,605 2,256 7,587 6,484
Allowance for borrowed funds used during construction (2,589) (2,593) (7,226) (7,550)
Total interest expense, net 20,312 20,277 62,020 61,377
Income Before Income Taxes 98,552 96,790 193,556 202,078
Income Tax Expense 15,535 23,523 28,622 39,276
Net Income 83,017 73,267 164,934 162,802
Adjustment for (income) loss attributable to noncontrolling interests 83 69 141 45
Net Income Attributable to IDACORP, Inc. $ 83,100 $ 73,336 $ 165,075 $ 162,847
Weighted Average Common Shares Outstanding - Basic (000’s) 50,296 50,219 50,299 50,221
Weighted Average Common Shares Outstanding - Diluted (000’s) 50,393 50,324 50,361 50,282
Earnings Per Share of Common Stock:        
Earnings Attributable to IDACORP, Inc. - Basic (in dollars per share) $ 1.65 $ 1.46 $ 3.28 $ 3.24
Earnings Attributable to IDACORP, Inc. - Diluted (in dollars per share) 1.65 1.46 3.28 3.24
Dividends Declared Per Share of Common Stock $ 0.51 $ 0.47 $ 1.53 $ 1.41
Idaho Power Company        
Operating Revenues:        
General business $ 341,825 $ 340,796 $ 885,486 $ 897,943
Off-system sales 6,143 6,487 16,532 23,335
Other revenues 23,506 21,234 64,433 61,334
Total electric utility revenues 371,474 368,517 966,451 982,612
Operating Expenses:        
Purchased power 74,448 71,890 170,675 166,191
Fuel expense 73,925 66,385 139,657 144,262
Power cost adjustment (18,342) (11,914) 11,914 26,372
Other operations and maintenance 87,090 83,972 259,813 255,329
Energy efficiency programs 9,102 7,645 24,256 19,854
Depreciation 36,036 34,639 107,447 102,996
Taxes other than income taxes 8,287 8,286 25,228 24,999
Total electric utility expenses 270,546 260,903 738,990 740,003
Operating Income 100,928 107,614 227,461 242,609
Other Income (Expense):        
Allowance for equity funds used during construction 5,931 5,654 16,153 16,219
Earnings of unconsolidated equity-method investments 11,121 4,334 11,528 6,992
Other income (expense), net (328) (1,755) (1,845) (4,216)
Total other income 16,724 8,233 25,836 18,995
Interest Expense:        
Interest on long-term debt 20,296 20,614 61,659 62,443
Other interest 2,546 2,204 7,397 6,311
Allowance for borrowed funds used during construction (2,589) (2,593) (7,226) (7,550)
Total interest expense, net 20,253 20,225 61,830 61,204
Income Before Income Taxes 97,399 95,622 191,467 200,400
Income Tax Expense 17,370 23,895 31,097 40,872
Net Income $ 80,029 $ 71,727 $ 160,370 $ 159,528