INCOME TAXES: Level 3 (Tables)

3 Months Ended

Mar. 31, 2022

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 three months ended March 31, 2022 and 2021 (in thousands): 

	IDACORP						Idaho Power
	2022			2021			2022			2021
Income tax at statutory rates (federal and state)	$	13,458		$	12,849		$	13,619		$	12,932
Excess deferred income tax reversal	(2,503)			(1,606)			(2,503)			(1,606)
Other(1)	(4,929)			(6,157)			(4,419)			(5,453)
Income tax expense	$	6,026		$	5,086		$	6,697		$	5,873
Effective tax rate	11.5		%	10.2		%	12.7		%	11.7		%

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