INCOME TAXES: Level 3 (Tables)

6 Months Ended

Jun. 30, 2021

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, 2021 and 2020 (in thousands): 

	IDACORP						Idaho Power
	2021			2020			2021			2020
Income tax at statutory rates (federal and state)	$	33,722		$	27,980		$	33,586		$	27,613
Excess deferred income tax reversal	(3,213)			(2,962)			(3,213)			(2,962)
Other(1)	(14,353)			(14,197)			(13,082)			(13,073)
Income tax expense	$	16,156		$	10,821		$	17,291		$	11,578
Effective tax rate	12.3		%	9.9		%	13.3		%	10.8		%

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