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Condensed Consolidated Statements of Income Statement - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Revenues:    
Electric utility revenues $ 315,568 $ 290,488
Other operating revenues 486 520
Total operating revenues 316,054 291,008
Operating Expenses:    
Purchased power 67,988 61,201
Fuel expense 33,306 30,015
Power cost adjustment 5,671 (3,391)
Other operations and maintenance 85,657 89,808
Energy efficiency programs 9,027 9,475
Depreciation 43,315 42,526
Taxes other than income taxes 9,327 9,141
Total electric utility expenses 254,291 238,775
Other 654 663
Total operating expenses 254,945 239,438
Operating Income 61,109 51,570
Nonoperating (Income) Expense:    
Allowance for equity funds used during construction (7,769) (7,272)
Earnings of equity-method investments (2,317) (2,316)
Interest on long-term debt 21,036 19,662
Other interest 3,519 3,812
Allowance for borrowed funds used during construction (3,005) (2,730)
Other Income (Expense), Net (241) (932)
Total nonopearting expense, net 11,223 10,224
Income Before Income Taxes 49,886 41,346
Income Tax Expense 5,086 3,888
Net Income 44,800 37,458
Loss attributable to noncontrolling interests 31 32
Net Income Attributable to IDACORP, Inc. $ 44,831 $ 37,490
Weighted-average common shares outstanding - basic 50,567 50,517
Weighted-average common shares outstanding - diluted 50,580 50,527
Earnings Per Share of Common Stock:    
Earnings attributable to IDACORP, Inc. - basic (in dollars per share) $ 0.89 $ 0.74
Earnings attributable to IDACORP, Inc. - diluted (in dollars per share) $ 0.89 $ 0.74
Idaho Power Company    
Operating Expenses:    
Purchased power $ 67,988 $ 61,201
Fuel expense 33,306 30,015
Power cost adjustment 5,671 (3,391)
Other operations and maintenance 85,657 89,808
Energy efficiency programs 9,027 9,475
Depreciation 43,315 42,526
Taxes other than income taxes 9,327 9,141
Total electric utility expenses 254,291 238,775
Operating Income 61,277 51,713
Nonoperating (Income) Expense:    
Allowance for equity funds used during construction (7,769) (7,272)
Earnings of equity-method investments (2,550) (2,453)
Interest on long-term debt 21,036 19,662
Other interest 3,514 3,813
Allowance for borrowed funds used during construction (3,005) (2,730)
Other Income (Expense), Net (191) (469)
Total nonopearting expense, net 11,035 10,551
Income Before Income Taxes 50,242 41,162
Income Tax Expense 5,873 4,386
Net Income $ 44,369 $ 36,776