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Idaho Power Company Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Regulated Operating Revenue        
Electric utility revenues $ 527,487 $ 509,635 $ 1,425,606 $ 1,351,700
Operating Expenses [Abstract]        
Purchased power 114,578 142,851 321,860 405,404
Fuel expense 73,471 71,723 188,411 191,917
Power cost adjustment 20,779 5,899 102,297 4,191
Other operations and maintenance 116,168 95,824 332,900 284,988
Energy efficiency programs 5,283 10,498 16,699 22,265
Depreciation 56,388 50,832 165,133 143,331
Other electric utility operating expenses, net 7,453 6,297 12,482 23,169
Total electric utility operating expenses 394,120 383,924 1,139,782 1,075,265
Operating Income 133,709 126,288 286,575 276,685
Nonoperating (Income) Expense:        
Allowance for equity funds used during construction (15,179) (11,044) (39,610) (32,125)
Earnings of unconsolidated equity-method investments (1,978) (4,195) (3,880) (9,387)
Interest on long-term debt 35,432 29,361 102,048 82,908
Other interest 6,353 5,572 17,895 14,935
Allowance for borrowed funds used during construction (7,639) (4,903) (20,518) (14,291)
Other income, net (13,478) (7,924) (40,188) (24,890)
Total nonoperating expense, net 3,511 6,867 15,747 17,150
Income Before Income Taxes 130,198 119,421 270,828 259,535
Income Tax Expense 16,358 13,774 18,876 29,000
Net Income Attributable to IDACORP, Inc. 113,605 105,264 251,298 229,936
Idaho Power Company        
Regulated Operating Revenue        
Electric utility revenues 527,487 509,635 1,425,606 1,351,700
Operating Expenses [Abstract]        
Purchased power 114,578 142,851 321,860 405,404
Fuel expense 73,471 71,723 188,411 191,917
Power cost adjustment 20,779 5,899 102,297 4,191
Other operations and maintenance 116,168 95,824 332,900 284,988
Energy efficiency programs 5,283 10,498 16,699 22,265
Depreciation 56,388 50,832 165,133 143,331
Other electric utility operating expenses, net 7,453 6,297 12,482 23,169
Total electric utility operating expenses 394,120 383,924 1,139,782 1,075,265
Operating Income 133,367 125,711 285,824 276,435
Nonoperating (Income) Expense:        
Allowance for equity funds used during construction (15,179) (11,044) (39,610) (32,125)
Earnings of unconsolidated equity-method investments (841) (3,007) (1,936) (7,402)
Interest on long-term debt 35,432 29,361 102,048 82,908
Other interest 6,268 5,491 17,645 14,693
Allowance for borrowed funds used during construction (7,639) (4,903) (20,518) (14,291)
Other income, net (12,207) (7,588) (37,469) (23,434)
Total nonoperating expense, net 5,834 8,310 20,160 20,349
Income Before Income Taxes 127,533 117,401 265,664 256,086
Income Tax Expense 16,444 14,379 19,885 30,274
Net Income Attributable to IDACORP, Inc. $ 111,089 $ 103,022 $ 245,779 $ 225,812