IDACORP, Inc.
idacorpinc.comWhat Do They Do?
Sells electricity to households, businesses, and irrigation customers in Idaho and Oregon.
10-K for FY2025, filed Feb 19, 2026Idaho Power was incorporated under the laws of the state of Idaho in 1989 as the successor to a Maine corporation that was organized in…View ↗
Idaho Power provided electric utility service to approximately 664,000 retail customers in southern Idaho and eastern Oregon as of December…View ↗
Retail Revenues: Idaho Power’s retail revenues primarily relate to the sale of electricity to customers based on regulated tariff-based…View ↗
Irrigation Customers: Irrigation customers use electricity to operate irrigation pumps, primarily during the agricultural growing season.…View ↗
How Do They Make Money?
Retail customers pay a fixed charge for service availability plus an amount tied to electricity use, billed monthly; wholesale buyers pay for energy when it is delivered.
10-K for FY2025, filed Feb 19, 2026Retail Revenues: Idaho Power’s retail revenues primarily relate to the sale of electricity to customers based on regulated tariff-based…View ↗
Retail revenues are billed monthly based on meter readings taken throughout the month. Payments for amounts billed are generally due from…View ↗
Wholesale Energy Sales: As a public utility under the FPA, Idaho Power has been granted the authority to charge market-based rates for…View ↗
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10-K for FY2025, filed Feb 19, 2026
FY2025 revenue by product or service ↗
$1.7B
-
10-K for FY2025, filed Feb 19, 2026
$1.7B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Retail revenues
Mix
10-K for FY2025, filed Feb 19, 2026 |
89%
FY2022: 88%
|
Retail revenues, FY2025
$1.6B Sources
|
Mix |
|
Idaho Fixed Cost Adjustment
|
−0.2%
FY2022: −1.5%
|
Idaho Fixed Cost Adjustment, FY2025
−$3.9M Sources
|
|
|
Other revenues
|
2.1%
FY2022: 1.8%
|
Other revenues, FY2025
$35.8M Sources
|
|
|
Wholesale energy sales
Sold outright
|
3.2%
FY2022: 4.3%
|
Wholesale energy sales, FY2025
$56M Sources
|
Sold outright |
|
Transmission services (wheeling)
|
4.1%
FY2022: 5.2%
|
Transmission services (wheeling), FY2025
$72.2M Sources
|
|
|
Energy efficiency program revenues
|
1.7%
FY2022: 2.1%
|
Energy efficiency program revenues, FY2025
$30.5M Sources
|
Who Are Their Customers?
Retail customers—including households, businesses, and irrigation users—are billed directly by Idaho Power; wholesale energy is sold mainly to utilities and power marketers.
10-K for FY2025, filed Feb 19, 2026Idaho Power provided electric utility service to approximately 664,000 retail customers in southern Idaho and eastern Oregon as of December…View ↗
Retail revenues are billed monthly based on meter readings taken throughout the month. Payments for amounts billed are generally due from…View ↗
Wholesale Energy Sales: As a public utility under the FPA, Idaho Power has been granted the authority to charge market-based rates for…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 19 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$577.5M.
10-K for FY2025, filed Feb 19, 2026
$354MView ↗
10-K for FY2025, filed Feb 19, 2026
$323.5MView ↗
10-K for FY2025, filed Feb 19, 2026
−$577.5MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 30, 2026
$102.6MView ↗
- ▲ +7%
- vs $95.8M in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 30, 2026
Open tableView ↗
Growing. Revenue grew 26% in 4 years, from $1.4B in FY2021 to $1.7B in FY2025, about 6% a year.
Oregon distribution sale
The older report describes Idaho Power serving customers in eastern Oregon; the latest report adds a definitive agreement to sell its Oregon electric distribution business and related assets.
10-K for FY2022, filed Feb 16, 2023 10-K for FY2025, filed Feb 19, 2026Idaho Power provided electric utility service to approximately 618,000 retail customers in southern Idaho and eastern Oregon as of December…View ↗
Idaho Power provided electric utility service to approximately 664,000 retail customers in southern Idaho and eastern Oregon as of December…View ↗
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