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REVENUES:
 3 Months Ended
Jun. 30, 2024
Revenues [Abstract]  
REVENUES: REVENUES
 
The following table provides a summary of electric utility operating revenues for IDACORP and Idaho Power for the three months and six months ended June 30, 2024 and 2023 (in thousands):
Three months ended
June 30,		Six months ended
June 30,
 2024202320242023
Revenue from contracts with customers$442,631 $385,229 $860,528 $770,895 
Alternative revenue programs and other revenues7,188 27,498 37,590 71,170 
Total electric utility operating revenues$449,819 $412,727 $898,118 $842,065 
Revenues from Contracts with Customers

The following table presents revenues from contracts with customers disaggregated by revenue source for the three months and six months ended June 30, 2024 and 2023 (in thousands):
Three months ended
June 30,		Six months ended
June 30,
 2024202320242023
Retail revenues:
Residential (includes $(2,102), $5,678, $(2,789), and $14,587, respectively, related to the FCA)(1)
$145,763 $134,885 $330,062 $323,422 
Commercial (includes $(38), $296, $(92), and $572, respectively, related to the FCA)(1)
96,012 87,677 190,709 175,507 
Industrial66,876 58,245 132,082 113,789 
Irrigation80,771 62,781 81,809 63,713 
Deferred revenue related to HCC relicensing AFUDC(2)
(1,948)(1,927)(4,031)(4,046)
Total retail revenues387,474 341,661 730,631 672,385 
Less: FCA mechanism revenues(1)
2,140 (5,974)2,881 (15,159)
Wholesale energy sales20,744 15,201 58,813 45,397 
Transmission wheeling-related revenues16,561 20,026 40,723 41,611 
Energy efficiency program revenues7,126 6,552 11,416 11,767 
Other revenues from contracts with customers8,586 7,763 16,064 14,894 
Total revenues from contracts with customers$442,631 $385,229 $860,528 $770,895 
(1) The FCA mechanism is an alternative revenue program in the Idaho jurisdiction and does not represent revenue from contracts with customers.
(2) The IPUC allows Idaho Power to recover a portion of the AFUDC on construction work in progress related to the HCC relicensing process, even though the relicensing process is not yet complete and the costs have not been moved to utility plant in service. Idaho Power is collecting $8.8 million annually in the Idaho jurisdiction but is deferring revenue recognition of the amounts collected until the license is issued and the accumulated license costs approved for recovery are placed in service.

Alternative Revenue Programs and Other Revenues

While revenues from contracts with customers make up most of Idaho Power’s revenues, the IPUC has authorized the use of an additional regulatory mechanism, the FCA mechanism, which may increase or decrease tariff-based customer rates. The FCA mechanism is described in Note 3 - "Regulatory Matters." The FCA mechanism revenues include only the initial recognition of FCA revenues when they meet the regulator-specified conditions for recognition. Revenue from contracts with customers excludes the portion of the tariff price representing FCA revenues that Idaho Power initially recorded in prior periods when revenues met regulator-specified conditions. When Idaho Power includes those amounts in the price of utility service and billed to customers, Idaho Power records such amounts as recovery of the associated regulatory asset or liability and not as revenues.

Derivative revenues include gains from settled electricity swaps and sales of electricity under forward sales contracts that are bundled with renewable energy credits. Related to these forward sales, Idaho Power simultaneously enters into forward purchases of electricity for the same quantity at the same location, which are recorded in purchased power on the condensed consolidated statements of income. For more information on settled electricity swaps, see Note 11 - "Derivative Financial Instruments."

The table below presents the FCA mechanism revenues and other revenues for the three months and six months ended June 30, 2024 and 2023 (in thousands):
Three months ended
June 30,		Six months ended
June 30,
 2024202320242023
FCA mechanism revenues$(2,140)$5,974 $(2,881)$15,159 
Derivative revenues9,328 21,524 40,471 56,011 
Total alternative revenue programs and other revenues$7,188 $27,498 $37,590 $71,170 
Receivables and Allowance for Uncollectible Accounts

The following table provides a rollforward of the allowance for uncollectible accounts related to customer receivables for the six months ended June 30, 2024 and 2023 (in thousands):
Six months ended
June 30,
 20242023
Balance at beginning of period$4,869 $5,034 
Additions to the allowance551 739 
Write-offs, net of recoveries(1,776)(1,917)
Balance at end of period$3,644 $3,856 
Allowance for uncollectible accounts as a percentage of customer receivables2.8 %3.3 %