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Condensed Consolidated Statements of Income Statement - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating Revenues:        
Electric utility revenues $ 359,058 $ 317,666 $ 674,625 $ 608,154
Other 1,016 1,100 1,502 1,620
Total operating revenues 360,074 318,766 676,127 609,774
Operating Expenses:        
Purchased power 96,116 61,774 164,104 122,975
Fuel expense 31,191 31,414 64,496 61,430
Power cost adjustment (7,934) (1,536) (2,263) (4,927)
Other operations and maintenance 88,490 83,144 174,148 172,951
Energy efficiency programs 6,658 11,953 15,685 21,428
Depreciation 43,627 42,914 86,942 85,440
Other electric utility operating expenses 9,007 9,151 18,333 18,292
Total electric utility expenses 267,155 238,814 521,445 477,589
Other 515 512 1,170 1,176
Total operating expenses 267,670 239,326 522,615 478,765
Operating Income 92,404 79,440 153,512 131,009
Nonoperating (Income) Expense:        
Allowance for equity funds used during construction (7,795) (7,149) (15,564) (14,421)
Earnings of equity-method investments (2,313) (2,687) (4,630) (5,003)
Interest on long-term debt 21,036 22,056 42,073 41,718
Other interest 3,611 3,557 7,130 7,369
Allowance for borrowed funds used during construction (3,019) (2,886) (6,025) (5,616)
Other Income (Expense), Net (460) (1,043) (702) (1,976)
Total nonopearting expense, net 11,060 11,848 22,282 22,071
Income Before Income Taxes 81,344 67,592 131,230 108,938
Income Tax Expense 11,070 6,933 16,156 10,821
Net Income 70,274 60,659 115,074 98,117
Income attributable to noncontrolling interests (251) (270) (220) (238)
Net Income Attributable to IDACORP, Inc. $ 70,023 $ 60,389 $ 114,854 $ 97,879
Weighted-average common shares outstanding - basic 50,609 50,551 50,588 50,534
Weighted-average common shares outstanding - diluted 50,622 50,567 50,601 50,547
Earnings Per Share of Common Stock:        
Earnings attributable to IDACORP, Inc. - basic (in dollars per share) $ 1.38 $ 1.19 $ 2.27 $ 1.94
Earnings attributable to IDACORP, Inc. - diluted (in dollars per share) $ 1.38 $ 1.19 $ 2.27 $ 1.94
Idaho Power Company        
Operating Revenues:        
Total operating revenues $ 359,058 $ 317,666 $ 674,625 $ 608,154
Nonoperating (Income) Expense:        
Net Income Attributable to IDACORP, Inc. 68,822 58,923 113,191 95,700
Idaho Power Company        
Operating Expenses:        
Purchased power 96,116 61,774 164,104 122,975
Fuel expense 31,191 31,414 64,496 61,430
Power cost adjustment (7,934) (1,536) (2,263) (4,927)
Other operations and maintenance 88,490 83,144 174,148 172,951
Energy efficiency programs 6,658 11,953 15,685 21,428
Depreciation 43,627 42,914 86,942 85,440
Other electric utility operating expenses 9,007 9,151 18,333 18,292
Total electric utility expenses 267,155 238,814 521,445 477,589
Operating Income 91,903 78,852 153,180 130,565
Nonoperating (Income) Expense:        
Allowance for equity funds used during construction (7,795) (7,149) (15,564) (14,421)
Earnings of equity-method investments (1,743) (1,987) (4,293) (4,440)
Interest on long-term debt 21,036 22,056 42,073 41,718
Other interest 3,606 3,544 7,120 7,357
Allowance for borrowed funds used during construction (3,019) (2,886) (6,025) (5,616)
Other Income (Expense), Net (423) (841) (613) (1,311)
Total nonopearting expense, net 11,662 12,737 22,698 23,287
Income Before Income Taxes 80,241 66,115 130,482 107,278
Income Tax Expense 11,419 7,192 17,291 11,578
Net Income $ 68,822 $ 58,923 $ 113,191 $ 95,700