FAIR VALUE MEASUREMENTS: Level 3 (Tables)

3 Months Ended

Mar. 31, 2017

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, 2017 and December 31, 2016 (in thousands).



	March 31, 2017								December 31, 2016
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Money market funds
IDACORP	$	700	$	—	$	—	$	700	$	15,000	$	—	$	—	$	15,000
Idaho Power	40,050		—		—		40,050		29,967		—		—		29,967
Derivatives	2,317		5		—		2,322		5,951		—		—		5,951
Trading securities: Equity securities	104		—		—		104		111		—		—		111
Available-for-sale securities: Equity securities	25,599		—		—		25,599		23,908		—		—		23,908
Liabilities:
Derivatives	427		—		—		427		—		—		—		—

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, 2017, and December 31, 2016, using available market information and appropriate valuation methodologies (in thousands).



	March 31, 2017				December 31, 2016
	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⁾	1,744,991		1,867,331		1,745,678		1,858,666
Idaho Power
Liabilities:
Long-term debt⁽¹⁾	1,744,991		1,867,331		1,745,678		1,858,666

⁽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 11.