FAIR VALUE MEASUREMENTS: Level 3 (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The table below presents information about IDACORP’s and Idaho Power’s assets and liabilities measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015 (in thousands of dollars).



	March 31, 2016								December 31, 2015
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Money market funds
IDACORP - Parent	—		—		—		—		1,000		—		—		1,000
Idaho Power	$	70,000	$	—	$	—	$	70,000	$	10,000	$	—	$	—	$	10,000
Derivatives	$	—	$	116	$	—	$	116	$	340	$	64	$	—	$	404

Trading securities: Equity securities	94		—		—		94		102		—		—		102
Available-for-sale securities: Equity securities	23,663		—		—		23,663		24,459		—		—		24,459
Liabilities:
Derivatives	2,163		4,130		—		6,293		286		4,686		—		4,972

Fair Value, by Balance Sheet Grouping [Table Text Block]

The table below presents the carrying value and estimated fair value of financial instruments that are not reported at fair value, as of March 31, 2016 and December 31, 2015, using available market information and appropriate valuation methodologies (in thousands of dollars).



	March 31, 2016				December 31, 2015
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
IDACORP
Assets:
Notes receivable⁽¹⁾	$	3,804	$	3,804	$	3,804	$	3,804
Liabilities:
Long-term debt⁽¹⁾	1,845,497		2,007,968		1,726,474		1,813,243
Idaho Power
Liabilities:
Long-term debt⁽¹⁾	1,845,497		2,007,968		1,726,474		1,813,243

⁽¹⁾ Notes receivable and long-term debt are categorized as Level 3 and Level 2, respectively, of the fair value hierarchy, as defined earlier in this Note 12.