INCOME TAXES: Level 3 (Tables)

6 Months Ended

Jun. 30, 2024

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, 2024 and 2023 (in thousands): 

	IDACORP						Idaho Power
	2024			2023			2024			2023
Income tax at statutory rates (federal and state)	$	36,090		$	36,010		$	35,555		$	35,697
Excess deferred income tax reversal	(5,023)			(5,342)			(5,023)			(5,342)
Other(1)	(8,550)			(7,942)			(7,091)			(6,961)
Income tax expense before additional ADITC amortization	$	22,517		$	22,726		$	23,441		$	23,394
Additional ADITC amortization	(20,000)			(7,500)			(20,000)			(7,500)
Income tax expense	$	2,517		$	15,226		$	3,441		$	15,894
Effective tax rate	1.8		%	10.9		%	2.5		%	11.5		%

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