Idacorp SEC Filings

IDACORP (IDA) reported Q3 2025 results. Total operating revenues were $524.4 million and operating income was $144.8 million. Net income attributable to IDACORP was $124.4 million, with diluted EPS of $2.26. For the first nine months, total operating revenues were $1.41 billion and net income was $279.9 million.

Cash from operations reached $464.1 million for the nine months, while additions to property, plant and equipment were $825.4 million, reflecting ongoing system investment. Long-term debt increased with the issuance of $400 million 5.70% first mortgage bonds due 2055.

Regulatory activity was significant. Idaho Power filed a settlement stipulation that, if approved, would increase annual Idaho-jurisdictional retail revenue by approximately $110.0 million (7.48%) effective January 1, 2026, based on a 9.6% ROE, a 7.410% authorized rate of return, an Idaho rate base of about $4.9 billion, and a base net power supply expense of $468.8 million. Idaho Power recorded $39.0 million of additional ADITC amortization year-to-date.

IDACORP’s Idaho Power moved to settle its Idaho general rate case with a stipulation pending before the IPUC. If approved, Idaho Power would implement revised tariff schedules designed to increase annual Idaho-jurisdictional retail revenue by approximately $110.0 million, or 7.48%, effective January 1, 2026. The revenue figure includes a $13.1 million power cost adjustment (PCA) increase.

The settlement sets a 9.6% return on equity and a 7.410% authorized rate of return, applied to an Idaho rate base of about $4.9 billion. It establishes a base net power supply expense of roughly $468.8 million, a $16.1 million decrease from the current base. It updates fixed cost adjustment rates, continues deferral of specified wildfire mitigation costs through the earlier of the next general rate case or 2027, and modifies ADITC/revenue sharing with a $55 million annual cap on accelerated amortization beginning in 2026 while reaffirming 9.12% and 9.6% ROE thresholds. Recovery of Idaho Power’s share of capital expenditures at jointly owned coal plants through year-end 2024 is included. IPUC approval is pending; new rates would take effect on or after January 1, 2026.

IDACORP disclosed that director Judith A. Johansen plans to retire from the Boards of IDACORP and Idaho Power effective December 31, 2025. Ms. Johansen has served on the Boards since 2007 and is a member of the Compensation and Human Resources, Corporate Governance and Nominating, and Executive Committees. The company also furnished investor presentation materials as Exhibit 99.1 for use in meetings with analysts and investors and posted the materials on its Investor Relations website. The presentation materials are furnished under Regulation FD and are not being "filed" under the Securities Exchange Act or incorporated by reference in other filings.

Insider transactions by Timothy E. Tatum at IDACORP (IDA) show a mix of award receipts and open-market sales. Mr. Tatum had 535 restricted stock units vest and received 1,070 shares for satisfaction of performance-based awards awarded for the 2022–2024 period, both issued for no consideration. He sold a total of 2,781 shares in three transactions at prices ranging from $108.49 to $115.34. After these transactions the reporting table shows 58.777 shares held directly and 3,232.8076 shares held indirectly in a 401(k) plan. The filing documents routine compensation vesting and subsequent insider sales without additional context about purpose.

Timothy E. Tatum, VP Regulatory Affairs at IDACORP, reports beneficial ownership arising from vested shares, 401(k) holdings and restricted stock units as of the 12/31/2024 event date. He directly owns 1,232.41 common shares (including 56.410 in a dividend reinvestment plan) and indirectly holds 3,209.1977 shares through a 401(k) plan trustee. He also holds 1,971 restricted stock units that convert to common shares: 535 vesting 01/01/2025, 622 vesting 01/01/2026 and 814 vesting 01/01/2027, each with a $0.00 conversion price.