IDACORP Inc (NYSE: IDA) is a utility holding company incorporated in Idaho that generates, transmits, and distributes electricity through its principal subsidiary, Idaho Power Company. Revenue is earned through regulated electric rates charged to residential, commercial, and industrial customers, with rates set by state utility commissions. Idaho Power operates as a regulated electric utility serving a defined service territory, giving it monopoly economics within that footprint subject to regulatory oversight. The 10-K filed 2026-02-19 (accession 000105787726000028) confirms IDACORP and Idaho Power Company are both well-known seasoned issuers registered on a national securities exchange, incorporated in Idaho. As a regulated utility, the business is capital-intensive by structure, with returns determined largely by allowed rates of return approved by regulators rather than market competition. The holding company structure places Idaho Power as the primary operating entity.

Revenue model

Regulated electric utility revenue from rates charged to customers for electricity generation, transmission, and distribution, with rates approved by state utility commissions.

Products and services

Electric generation, transmission, and distribution services provided through Idaho Power Company, a regulated electric utility subsidiary.

Customers and end markets

Residential, commercial, and industrial electricity customers within Idaho Power's regulated service territory.

Value-chain role

Vertically integrated regulated electric utility; generates, transmits, and distributes electricity to end customers within a regulated franchise territory.

Geographic exposure

Idaho (state of incorporation and primary service territory); regulated utility operating under Idaho jurisdiction.

Source: SEC 10-K, filed 2026-02-19

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