INCOME TAXES: Level 3 (Tables)

6 Months Ended

Jun. 30, 2019

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The following table provides a summary of income tax expense for the six months ended June 30, 2019 and 2018 (in thousands): 

	IDACORP						Idaho Power
	2019			2018			2019			2018
Income tax at statutory rates (federal and state)	$	27,590		$	27,909		$	26,975		$	27,539
First mortgage bond redemption costs	—			(1,261		)	—			(1,261		)
Excess deferred income tax reversal	(3,262		)	(3,880		)	(3,262		)	(3,880		)
Other(1)	(12,984		)	(12,770		)	(11,676		)	(11,902		)
Income tax expense	$	11,344		$	9,998		$	12,037		$	10,496
Effective tax rate	10.6		%	9.2		%	11.5		%	9.8		%

(1) "Other" is primarily comprised of the net tax effect of Idaho Power's regulatory flow-through tax adjustments.