XML 70 R52.htm IDEA: XBRL DOCUMENT v3.24.3
BENEFIT PLANS: Level 4 (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Defined Benefit Plan Disclosure        
Service cost $ 9,564 $ 6,867 $ 26,806 $ 23,658
Interest cost 15,588 15,225 45,253 44,685
Expected return on plan assets (16,697) (15,715) (51,273) (47,409)
Amortization of prior service cost 1,598 472 2,606 1,418
Amortization of net loss (45) (167) (137) (500)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) 10,008 6,682 23,255 21,852
Regulatory deferral of net periodic benefit cost [1] (7,269) (4,223) (15,320) (14,344)
IPUC Authorized recovered pension cost [1] 8,796 4,288 26,387 12,865
Net periodic benefit cost recognized for financial reporting [1],[2] 11,535 6,747 34,322 20,373
Net Periodic Benefit cost recognize in Other operations and maintenance 9,400 5,100 28,200 15,500
Net Periodic Benefit cost recognized in other expense, net 2,100 1,700 6,100 4,900
Pension Plan        
Defined Benefit Plan Disclosure        
Service cost 9,127 6,549 25,494 22,705
Interest cost 13,549 13,149 39,136 38,458
Expected return on plan assets (16,240) (15,303) (49,900) (46,171)
Amortization of prior service cost 1,156 2 1,280 5
Amortization of net loss 0 0 0 0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) 7,592 4,397 16,010 14,997
Regulatory deferral of net periodic benefit cost [1] (7,269) (4,223) (15,320) (14,344)
IPUC Authorized recovered pension cost [1] 8,796 4,288 26,387 12,865
Net periodic benefit cost recognized for financial reporting [1],[2] 9,119 4,462 27,077 13,518
Pension Plan | Idaho Power Company        
Defined Benefit Plan Disclosure        
Defined Benefit Plan, Contributions by Employer     20,000  
Senior Management Security Plan        
Defined Benefit Plan Disclosure        
Service cost 262 153 788 459
Interest cost 1,333 1,331 3,999 3,992
Expected return on plan assets 0 0 0 0
Amortization of prior service cost 55 54 165 164
Amortization of net loss 329 143 984 428
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) 1,979 1,681 5,936 5,043
Net periodic benefit cost recognized for financial reporting 1,979 1,681 5,936 5,043
Postretirement Benefits Plan        
Defined Benefit Plan Disclosure        
Service cost 175 165 524 494
Interest cost 706 745 2,118 2,235
Expected return on plan assets (457) (412) (1,373) (1,238)
Amortization of prior service cost 387 416 1,161 1,249
Amortization of net loss (374) (310) (1,121) (928)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) 437 604 1,309 1,812
Net periodic benefit cost recognized for financial reporting $ 437 $ 604 $ 1,309 $ 1,812
[1] Net periodic benefit costs for the pension plan are recognized for financial reporting based upon the authorization of each regulatory jurisdiction in which Idaho Power operates. Under IPUC order, the Idaho portion of net periodic benefit cost is recorded as a regulatory asset and is recognized in the income statement as those costs are recovered through rates.
[2] Of total net periodic benefit cost recognized for financial reporting, $9.4 million and $5.1 million, respectively, were recognized in "Other operations and maintenance" and $2.1 million and $1.7 million, respectively, were recognized in "Other income, net" on the condensed consolidated statements of income of the companies for the three months ended September 30, 2024 and 2023.