2014 Q2 Form 10-Q Financial Statement

#000105787714000146 Filed on July 31, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $317.8M $303.9M
YoY Change 4.55% 19.34%
Cost Of Revenue $62.90M $49.20M
YoY Change 27.85% 8.85%
Gross Profit $254.9M $254.7M
YoY Change 0.08% 21.58%
Gross Profit Margin 80.21% 83.8%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.00M $32.80M
YoY Change 3.66% 5.81%
% of Gross Profit 13.34% 12.88%
Operating Expenses $246.0M $224.5M
YoY Change 9.54% 13.28%
Operating Profit $71.81M $79.41M
YoY Change -9.57% 40.61%
Interest Expense $19.94M $20.65M
YoY Change -3.42% 18.43%
% of Operating Profit 27.77% 26.0%
Other Income/Expense, Net $1.252M $1.588M
YoY Change -21.16% 49.11%
Pretax Income $59.09M $64.32M
YoY Change -8.13% 39.79%
Income Tax $14.39M $17.68M
% Of Pretax Income 24.36% 27.48%
Net Earnings $44.54M $46.50M
YoY Change -4.22% 31.73%
Net Earnings / Revenue 14.02% 15.3%
Basic Earnings Per Share $0.89 $0.93
Diluted Earnings Per Share $0.89 $0.93
COMMON SHARES
Basic Shares Outstanding 50.13M shares 50.06M shares
Diluted Shares Outstanding 50.16M shares 50.11M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.60M $136.2M
YoY Change -62.85% 845.83%
Cash & Equivalents $50.62M $136.2M
Short-Term Investments
Other Short-Term Assets $2.250M $2.767M
YoY Change -18.68% 5.25%
Inventory $99.30M $88.50M
Prepaid Expenses $17.72M $13.79M
Receivables $98.00M $69.13M
Other Receivables $8.700M $14.80M
Total Short-Term Assets $447.0M $520.6M
YoY Change -14.13% 45.38%
LONG-TERM ASSETS
Property, Plant & Equipment $3.740B $3.587B
YoY Change 4.26% 3.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $162.9M $178.3M
YoY Change -8.64% -9.99%
Other Assets $43.94M $46.50M
YoY Change -5.51% -1.42%
Total Long-Term Assets $4.943B $4.968B
YoY Change -0.51% 4.7%
TOTAL ASSETS
Total Short-Term Assets $447.0M $520.6M
Total Long-Term Assets $4.943B $4.968B
Total Assets $5.390B $5.489B
YoY Change -1.8% 7.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $82.42M $77.01M
YoY Change 7.03% -16.31%
Accrued Expenses $55.70M $54.50M
YoY Change 2.2% 146.61%
Deferred Revenue
YoY Change
Short-Term Debt $37.20M $61.90M
YoY Change -39.9% -4.33%
Long-Term Debt Due $1.064M $71.06M
YoY Change -98.5% 6578.95%
Total Short-Term Liabilities $236.3M $313.6M
YoY Change -24.67% 5.73%
LONG-TERM LIABILITIES
Long-Term Debt $1.614B $1.615B
YoY Change -0.05% 5.12%
Other Long-Term Liabilities $48.66M $59.57M
YoY Change -18.32% -8.52%
Total Long-Term Liabilities $1.653B $1.752B
YoY Change -5.63% 11.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $236.3M $313.6M
Total Long-Term Liabilities $1.653B $1.752B
Total Liabilities $1.890B $2.066B
YoY Change -8.52% 10.46%
SHAREHOLDERS EQUITY
Retained Earnings $1.056B $967.5M
YoY Change 9.16% 11.45%
Common Stock $841.7M $836.6M
YoY Change 0.62% 0.24%
Preferred Stock
YoY Change
Treasury Stock (at cost) $286.0K $13.00K
YoY Change 2100.0% -38.1%
Treasury Stock Shares 38.76K shares 1.131K shares
Shareholders Equity $1.882B $1.789B
YoY Change
Total Liabilities & Shareholders Equity $5.390B $5.489B
YoY Change -1.8% 7.56%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $44.54M $46.50M
YoY Change -4.22% 31.73%
Depreciation, Depletion And Amortization $34.00M $32.80M
YoY Change 3.66% 5.81%
Cash From Operating Activities $66.40M $60.20M
YoY Change 10.3% 32.89%
INVESTING ACTIVITIES
Capital Expenditures -$69.10M -$57.10M
YoY Change 21.02% -23.56%
Acquisitions
YoY Change
Other Investing Activities -$3.000M $1.200M
YoY Change -350.0% 20.0%
Cash From Investing Activities -$72.10M -$55.90M
YoY Change 28.98% -24.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -31.90M 107.4M
YoY Change -129.7% 217.75%
NET CHANGE
Cash From Operating Activities 66.40M 60.20M
Cash From Investing Activities -72.10M -55.90M
Cash From Financing Activities -31.90M 107.4M
Net Change In Cash -37.60M 111.7M
YoY Change -133.66% 1930.91%
FREE CASH FLOW
Cash From Operating Activities $66.40M $60.20M
Capital Expenditures -$69.10M -$57.10M
Free Cash Flow $135.5M $117.3M
YoY Change 15.52% -2.25%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the opinion of management of IDACORP and Idaho Power, the accompanying unaudited condensed consolidated financial statements contain all adjustments necessary to present fairly each company's consolidated financial position as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;">, consolidated results of operations for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three and six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2013</font><font style="font-family:inherit;font-size:10pt;">, and consolidated cash flows for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2013</font><font style="font-family:inherit;font-size:10pt;">.&#160; These adjustments are of a normal and recurring nature.&#160; These financial statements do not contain the complete detail or footnote disclosure concerning accounting policies and other matters that would be included in full-year financial statements and should be read in conjunction with the audited consolidated financial statements included in IDACORP&#8217;s and Idaho Power&#8217;s Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2013</font><font style="font-family:inherit;font-size:10pt;">.&#160; The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. A change in management's estimates or assumptions could have a material impact on IDACORP's or Idaho Power's respective financial condition and results of operations during the period in which such change occurred.</font></div></div>
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Idaho Power is exposed to market risk relating to electricity, natural gas, and other fuel commodity prices, all of which are heavily influenced by supply and demand.&#160; Market risk may be influenced by market participants&#8217; nonperformance of their contractual obligations and commitments, which affects the supply of or demand for the commodity.&#160; Idaho Power uses derivative instruments, such as physical and financial forward contracts, for both electricity and fuel to manage the risks relating to these commodity price exposures.&#160; The primary objectives of Idaho Power&#8217;s energy purchase and sale activity are to meet the demand of retail electric customers, maintain appropriate physical reserves to ensure reliability, and make economic use of temporary surpluses that may develop.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All of Idaho Power's derivative instruments have been entered into for the purpose of economically hedging forecasted purchases and sales, though none of these instruments have been designated as cash flow hedges. Idaho Power offsets fair value amounts recognized on its balance sheet and applies collateral related to derivative instruments executed with the same counterparty under the same master netting agreement. Idaho Power does not offset a counterparty's current derivative contracts with the counterparty's long-term derivative contracts, although Idaho Power's master netting arrangements would allow current and long-term positions to be offset in the event of default. Also, in the event of default, Idaho Power's master netting arrangements would allow for the offsetting of all transactions executed under the master netting arrangement. These types of transactions may include non-derivative instruments, derivatives qualifying for scope exceptions, receivables and payables arising from settled positions, and other forms of non-cash collateral (such as letters of credit).</font></div></div>
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Settlement gains and losses on electricity swap contracts are recorded on the income statement in off-system sales or purchased power depending on the forecasted position being economically hedged by the derivative contract.&#160; Settlement gains and losses on contracts for natural gas are reflected in fuel expense.&#160; Settlement gains and losses on diesel derivatives are recorded in other operations and maintenance expense.</font></div></div>
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONTINGENCIES</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IDACORP and Idaho Power have in the past and expect in the future to become involved in various claims, controversies, disputes, and other contingent matters, including the items described in this Note 8. Some of these claims, controversies, disputes, and other contingent matters involve litigation and regulatory or other contested proceedings. The ultimate resolution and outcome of litigation and regulatory proceedings is inherently difficult to determine, particularly where (a) the remedies or penalties sought are indeterminate, (b) the proceedings are in the early stages or the substantive issues have not been well developed, or (c) the matters involve complex or novel legal theories or a large number of parties. In accordance with applicable accounting guidance, IDACORP and Idaho Power, as applicable, establish an accrual for legal proceedings when those matters proceed to a stage where they present loss contingencies that are both probable and reasonably estimable. In such cases, there may be a possible exposure to loss in excess of any amounts accrued. IDACORP and Idaho Power monitor those matters for developments that could affect the likelihood of a loss and the accrued amount, if any, and adjust the amount as appropriate. If the loss contingency at issue is not both probable and reasonably estimable, IDACORP and Idaho Power do not establish an accrual and the matter will continue to be monitored for any developments that would make the loss contingency both probable and reasonably estimable. As of the date of this report, IDACORP's and Idaho Power's accruals for loss contingencies are not material to their financial statements as a whole; however, future accruals could be material in a given period. IDACORP's and Idaho Power's determination is based on currently available information, and estimates presented in financial statements and other financial disclosures involve significant judgment and may be subject to significant uncertainty. For matters that affect Idaho Power&#8217;s operations, Idaho Power intends to seek, to the extent permissible and appropriate, recovery through the ratemaking process of costs incurred.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Western Energy Proceedings </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">High prices for electricity, energy shortages, and blackouts in California and in western wholesale markets during 2000 and 2001 caused numerous purchasers of electricity in those markets to initiate proceedings seeking refunds or other forms of relief and the FERC to initiate its own investigations. Some of these proceedings remain pending before the FERC or are on appeal to the United States Court of Appeals for the Ninth Circuit. Idaho Power and IESCo (as successor to IDACORP Energy L.P.) believe that settlement releases they have obtained will restrict potential claims that might result from the disposition of pending proceedings and predict that these matters will not have a material adverse effect on IDACORP's or Idaho Power's results of operations or financial condition. However, the settlements and associated FERC orders have not fully eliminated the potential for so-called "ripple claims," which involve potential claims for refunds from an upstream seller of power based on a finding that its downstream buyer was liable for refunds as a seller of power during the relevant period. The FERC has characterized these ripple claims as "speculative." The FERC has refused to dismiss Idaho Power and IESCo from the proceedings in the Pacific Northwest. In orders respecting two separately filed settlements, the FERC has refused to approve a provision that provided for waivers of all claims in those proceedings, despite only limited objections from two market participants, one of whom removed its objections in the later-filed settlement. Idaho Power and IESCo petitioned the D.C. Circuit for review of the first of the FERC's decisions refusing to approve the waiver provision of the settlements, on the basis that the FERC failed to apply its established precedents and rules. The petition for review was transferred to the Ninth Circuit Court of Appeals in June 2013 and remains pending before that court. In June 2014, the FERC rejected Idaho Power's request for rehearing of the partial disapproval of the second settlement. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on its evaluation of the merits of ripple claims and the inability to estimate the potential exposure should the claims ultimately have any merit, particularly in light of Idaho Power and IESCo being both purchasers and sellers in the energy market during the relevant period, Idaho Power and IESCo have no amount accrued relating to the proceedings. To the extent the availability of any ripple claims materializes, Idaho Power and IESCo intend to continue to vigorously defend their positions in the proceedings. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Snake River Basin Adjudication </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Idaho Power holds water rights, acquired under applicable state law, for its hydroelectric projects. In addition, Idaho Power holds water rights for domestic, irrigation, commercial, and other necessary purposes related to project lands and other holdings within the states of Idaho and Oregon. Idaho Power's water rights for power generation are, to varying degrees, subordinated to future upstream appropriations for irrigation and other authorized consumptive uses. Over time, increased irrigation development and other consumptive uses within the Snake River watershed led to a reduction in flows of the Snake River. In the late 1970s and early 1980s these reduced flows resulted in a conflict between the exercise of Idaho Power's water rights at certain hydroelectric projects on the Snake River and upstream consumptive diversions. The Swan Falls Agreement, signed by Idaho Power and the State of Idaho on October 25, 1984, resolved the conflict and provided a level of protection for Idaho Power's hydropower water rights at specified projects on the Snake River through the establishment of minimum stream flows and an administrative process governing future development of water rights that may affect those minimum stream flows. In 1987, Congress enacted legislation directing the FERC to issue an order approving the Swan Falls settlement together with a finding that the agreement was neither inconsistent with the terms and conditions of Idaho Power's project licenses nor the Federal Power Act. The FERC entered an order implementing the legislation in March 1988. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Swan Falls Agreement provided that the resolution and recognition of Idaho Power's water rights together with the State Water Plan provided a sound comprehensive plan for management of the Snake River watershed. The Swan Falls Agreement also recognized, however, that in order to effectively manage the waters of the Snake River basin, a general adjudication to determine the nature, extent, and priority of the rights of all water uses in the basin was necessary. Consistent with that recognition, in 1987 the State of Idaho initiated the Snake River Basin Adjudication (SRBA), and pursuant to the commencement order issued by the SRBA court that same year, all claimants to water rights within the basin were required to file water rights claims in the SRBA. Idaho Power filed claims to its water rights and has been actively participating in the SRBA since its commencement. Questions concerning the effect of the Swan Falls Agreement on Idaho Power's water rights claims, including the nature and extent of the subordination of Idaho Power's rights to upstream uses, resulted in the filing of litigation in the SRBA in 2007 between Idaho Power and the State of Idaho. This litigation was resolved by the Framework Reaffirming the Swan Falls Settlement (Framework) signed by Idaho Power and the State of Idaho on March 25, 2009. In that Framework, the parties acknowledged that the effective management of Idaho's water resources remains critical to the public interest of the State of Idaho by sustaining economic growth, maintaining reasonable electric rates, protecting and preserving existing water rights, and protecting water quality and environmental values. The Framework further provided that the State of Idaho and Idaho Power would cooperate in exploring approaches to resolve issues of mutual concern relating to the management of Idaho's water resources. Idaho Power continues to work with the State of Idaho and other interested parties on these issues. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Idaho Power&#8217;s claims for water rights have now been adjudicated in the SRBA and partial decrees for those water rights have been entered by the court. In July 2011, the SRBA Court entered an Order Designating Basin-Wide Issue 16, In Re: Form and Content of Final Unified Decree, and advised the parties to the SRBA of the need to file notices of intent to participate in the basin-wide issue and of the court&#8217;s intent to establish a schedule for closing the taking of water right claims in the SRBA. Idaho Power participated in Basin-Wide Issue 16 and in June 2012 the court issued a memorandum decision and order. By subsequent orders, the court closed claims taking in all of the basins in the SRBA. The court is expected to issue a final unified decree in the SRBA in the fall of 2014. Assuming entry of the final decree, the SRBA will be concluded. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Separately, Idaho Power continues to work with the State of Idaho and other interested stakeholders on issues relating to the management of the Eastern Snake Plain Aquifer (ESPA), a large underground aquifer in southeastern Idaho that is hydrologically connected to the Snake River. House Concurrent Resolution No. 28, adopted by the Idaho Legislature in 2007, directed the Idaho Water Resource Board to pursue the development of a comprehensive management plan for the ESPA, to include measures that would enhance aquifer levels, springs, and river flows on the eastern Snake River plain to the benefit of both agricultural development and hydropower generation. In May 2007, the Idaho Water Resource Board appointed an advisory committee, charged with the responsibility of developing a management plan for the ESPA. Idaho Power was a member of that committee. In January 2009, the Idaho Water Resource Board, based on the committee's recommendations, adopted a Comprehensive Aquifer Management Plan (CAMP) for the ESPA. The Idaho Legislature approved the CAMP that same year. Idaho Power is a member of the CAMP Implementation Committee and continues to work with the Idaho Water Resource Board, other stakeholders, and the Idaho Legislature in exploring opportunities for implementation of the CAMP management plan. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Other Proceedings </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IDACORP and Idaho Power are parties to legal claims and legal and regulatory actions and proceedings in the ordinary course of business that are in addition to those discussed above and, as noted above, records an accrual for associated loss contingencies when they are probable and reasonably estimable. As of the date of this report the companies believe that resolution of those matters will not have a material adverse effect on their respective consolidated financial statements. Idaho Power is also actively monitoring various pending environmental regulations that may have a significant impact on its future operations, including the U.S. Environmental Protection Agency's recently issued proposed regulations for CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;"> emission reductions from existing utility generating plants under Section 111(d) of the Clean Air Act. Given uncertainties regarding the outcome, timing, and compliance plans for these environmental matters, Idaho Power is unable to estimate the financial impact of these regulations but does believe that future capital investment for infrastructure and modifications to its electric generating facilities to comply with these regulations could be significant.</font></div></div>
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IDACORP is a holding company formed in 1998 whose principal operating subsidiary is Idaho Power.&#160; Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity with a service area covering approximately 24,000 square miles in southern Idaho and eastern Oregon.&#160; Idaho Power is regulated primarily by the Federal Energy Regulatory Commission (FERC) and the state regulatory commissions of Idaho and Oregon.&#160; Idaho Power is the parent of Idaho Energy Resources Co. (IERCo), a joint venturer in Bridger Coal Company (BCC), which mines and supplies coal to the Jim Bridger generating plant owned in part by Idaho Power.</font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IDACORP&#8217;s other wholly-owned subsidiaries include IDACORP Financial Services, Inc. (IFS), an investor in affordable housing and other real estate investments; Ida-West Energy Company (Ida-West), an operator of small hydroelectric generation projects that satisfy the requirements of the Public Utility Regulatory Policies Act of 1978 (PURPA); and IDACORP Energy Services Co. (IESCo), which is the former limited partner of, and current successor by merger to, IDACORP Energy L.P. (IE), a marketer of energy commodities that wound down operations in 2003.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font></div></div>
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277000 USD
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OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-864000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
596000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
946000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
709000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
1526000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
763000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
1419000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-654000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-710000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-1309000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-1420000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
864000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
465000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
432000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
930000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-596000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-298000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-277000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
259000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1440000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
925000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
167000 USD
CY2013Q2 us-gaap Other General Expense
OtherGeneralExpense
3640000 USD
us-gaap Other General Expense
OtherGeneralExpense
7485000 USD
CY2014Q2 us-gaap Other General Expense
OtherGeneralExpense
3688000 USD
us-gaap Other General Expense
OtherGeneralExpense
7458000 USD
CY2013Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
53643000 USD
CY2014Q2 us-gaap Other Inventory Supplies
OtherInventorySupplies
55316000 USD
CY2014Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
25702000 USD
CY2013Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
17779000 USD
CY2014Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
48656000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
54100000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1170000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1198000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2414000 USD
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1252000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3540000 USD
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1588000 USD
CY2013Q4 us-gaap Other Receivables
OtherReceivables
15274000 USD
CY2014Q2 us-gaap Other Receivables
OtherReceivables
8663000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1527000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1652000 USD
CY2013Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1092000 USD
CY2014Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1128000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
109059000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
12391000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2371000 USD
us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
-848000 USD
us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
-1642000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2124000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2737000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
38313000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
43419000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1639000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
128326000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
13937000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
14672000 USD
CY2014Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
247776000 USD
CY2013Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
244627000 USD
CY2014Q2 us-gaap Plant Held For Future Use Amount
PlantHeldForFutureUseAmount
7090000 USD
CY2013Q4 us-gaap Plant Held For Future Use Amount
PlantHeldForFutureUseAmount
7090000 USD
CY2013Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
15338000 USD
CY2014Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
17722000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
255000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
160000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
150000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1210000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-969000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-7800000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-17550000 USD
us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
2615000 USD
us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
480000 USD
us-gaap Profit Loss
ProfitLoss
81680000 USD
us-gaap Profit Loss
ProfitLoss
71882000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
44697000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
46639000 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3740067000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3665041000 USD
CY2013Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
17229000 USD
CY2014Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
17423000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
8538000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
7143000 USD
CY2014Q2 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
4459000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
8538000 USD
CY2013Q2 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
3528000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
7143000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
-4109000 USD
CY2013Q4 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
327000000 USD
CY2014Q2 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
3344659000 USD
CY2013Q4 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
3313722000 USD
CY2014Q2 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
5149226000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
-3807000 USD
CY2013Q2 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
-1876000 USD
CY2014Q2 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
-2145000 USD
CY2014Q2 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
1804567000 USD
CY2013Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
1766680000 USD
CY2014Q2 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
370895000 USD
CY2013Q4 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
5080402000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-864000 USD
CY2014Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-432000 USD
CY2013Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-465000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-930000 USD
us-gaap Regulatory Assets And Liabilities Recognition Criteria
RegulatoryAssetsAndLiabilitiesRecognitionCriteria
IDACORP's and Idaho Power's financial statements reflect the effects of the different ratemaking principles followed by the jurisdictions regulating Idaho Power.  The application of accounting principles related to regulated operations sometimes results in Idaho Power recording expenses and revenues in a different period than when an unregulated enterprise would record such expenses and revenues.  In these instances, the amounts are deferred as regulatory assets or regulatory liabilities on the balance sheet and recorded on the income statement when recovered or returned through rates.  Additionally, regulators can impose regulatory liabilities upon a regulated company for amounts previously collected from customers that are expected to be refunded.
CY2013Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
61837000 USD
CY2014Q2 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
69953000 USD
CY2013Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
978234000 USD
CY2014Q2 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
956003000 USD
CY2014Q2 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
6447000 USD
CY2013Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
10684000 USD
CY2013Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
375873000 USD
CY2014Q2 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
376820000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1064000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1064000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1027461000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1056133000 USD
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
967485000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
923981000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
568877000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
610502000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
317783000 USD
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
303948000 USD
CY2013Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
54750000 USD
CY2014Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
37200000 USD
CY2013Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0034
CY2014Q2 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0031
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
255000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
160000 USD
CY2013Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1793483000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
1383000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
2132000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
2459000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
1850650000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
1881876000 USD
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
1789286000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1854740000 USD
CY2014Q2 us-gaap Trading Securities
TradingSecurities
144000 USD
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
718 shares
CY2014Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
38764 shares
CY2014Q2 us-gaap Treasury Stock Value
TreasuryStockValue
286000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
1808000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
16226000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1885904000 USD
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
8000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
16345000 USD
CY2013Q2 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
8054000 USD
CY2014Q2 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
8241000 USD
CY2014Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
27739000 USD
CY2013Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
13302000 USD
CY2013Q4 us-gaap Trading Securities
TradingSecurities
1153000 USD
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
21000 USD
CY2013Q2 us-gaap Treasury Stock Value
TreasuryStockValue
13000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2124000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2737000 USD
CY2014Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
70896000 USD
CY2013Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
63507000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management makes estimates and assumptions when preparing financial statements in conformity with generally accepted accounting principles (GAAP).&#160; These estimates and assumptions include those related to rate regulation, retirement benefits, contingencies, litigation, asset impairment, income taxes, unbilled revenues, and bad debt.&#160; These estimates and assumptions affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.&#160; These estimates involve judgments with respect to, among other things, future economic factors that are difficult to predict and are beyond management's control.&#160; Accordingly, actual results could differ from those estimates.</font></div></div>
CY2013Q2 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
220902000 USD
CY2014Q2 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
242286000 USD
us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
422552000 USD
us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
482657000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
64142000 USD
CY2014Q2 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
32952000 USD
CY2013Q2 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
32232000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
65827000 USD
us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
91044000 USD
CY2013Q2 us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
41878000 USD
CY2014Q2 us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
34443000 USD
us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
89771000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
162939000 USD
CY2013Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
83154000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
167973000 USD
CY2014Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
87452000 USD
CY2013Q2 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
49151000 USD
us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
106233000 USD
CY2014Q2 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
62437000 USD
us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
92008000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50166000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50086000 shares
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001057877
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
50268748 shares
ida Incremental Common Shares Attributable To Restricted Stock
IncrementalCommonSharesAttributableToRestrictedStock
32000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50108000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50156000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50056000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50133000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50047000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50133000 shares
CY2013Q4 ida Availableforsale Securities Gross Unrealized Gainida
AvailableforsaleSecuritiesGrossUnrealizedGainida
0 USD
CY2014Q2 ida Availableforsale Securities Gross Unrealized Gainida
AvailableforsaleSecuritiesGrossUnrealizedGainida
0 USD
CY2014Q2 ida Availableforsale Securities Gross Unrealized Losses
AvailableforsaleSecuritiesGrossUnrealizedLosses
0 USD
CY2013Q4 ida Availableforsale Securities Gross Unrealized Losses
AvailableforsaleSecuritiesGrossUnrealizedLosses
0 USD
CY2013Q2 ida Effective Income Tax Rate Reconciliation Affordable Housing Investment Amortization
EffectiveIncomeTaxRateReconciliationAffordableHousingInvestmentAmortization
658000 USD
ida Effective Income Tax Rate Reconciliation Affordable Housing Investment Amortization
EffectiveIncomeTaxRateReconciliationAffordableHousingInvestmentAmortization
557000 USD
CY2014Q2 ida Effective Income Tax Rate Reconciliation Affordable Housing Investment Amortization
EffectiveIncomeTaxRateReconciliationAffordableHousingInvestmentAmortization
640000 USD
ida Effective Income Tax Rate Reconciliation Affordable Housing Investment Amortization
EffectiveIncomeTaxRateReconciliationAffordableHousingInvestmentAmortization
1344000 USD
ida Energy Efficiency Programs
EnergyEfficiencyPrograms
12344000 USD
ida Energy Efficiency Programs
EnergyEfficiencyPrograms
24202000 USD
CY2014Q2 ida Energy Efficiency Programs
EnergyEfficiencyPrograms
7620000 USD
CY2013Q2 ida Energy Efficiency Programs
EnergyEfficiencyPrograms
19732000 USD
CY2014Q2 ida Fair Value All Levels Transfers Amount
FairValueAllLevelsTransfersAmount
0 USD
CY2013 ida Fair Value All Levels Transfers Amount
FairValueAllLevelsTransfersAmount
0 USD
ida Fair Value All Levels Transfers Amount
FairValueAllLevelsTransfersAmount
0 USD
CY2014Q2 ida Incremental Common Shares Attributable To Restricted Stock
IncrementalCommonSharesAttributableToRestrictedStock
22000 shares
CY2013Q2 ida Incremental Common Shares Attributable To Restricted Stock
IncrementalCommonSharesAttributableToRestrictedStock
50000 shares
ida Incremental Common Shares Attributable To Restricted Stock
IncrementalCommonSharesAttributableToRestrictedStock
36000 shares
CY2014Q2 ida Maximum Leverage Ratio Requirement
MaximumLeverageRatioRequirement
0.65
ida Other Electric Utility Revenue
OtherElectricUtilityRevenue
41055000 USD
ida Other Electric Utility Revenue
OtherElectricUtilityRevenue
50146000 USD
CY2014Q2 ida Other Electric Utility Revenue
OtherElectricUtilityRevenue
22777000 USD
CY2013Q2 ida Other Electric Utility Revenue
OtherElectricUtilityRevenue
33897000 USD
ida Power Cost Adjustment
PowerCostAdjustment
24164000 USD
ida Power Cost Adjustment
PowerCostAdjustment
-28009000 USD
CY2014Q2 ida Power Cost Adjustment
PowerCostAdjustment
9141000 USD
CY2013Q2 ida Power Cost Adjustment
PowerCostAdjustment
-13299000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
IDACORP INC.
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
820505802
dei Trading Symbol
TradingSymbol
IDA

Files In Submission

Name View Source Status
0001057877-14-000146-index-headers.html Edgar Link pending
0001057877-14-000146-index.html Edgar Link pending
0001057877-14-000146.txt Edgar Link pending
0001057877-14-000146-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
ida-20140630.xml Edgar Link completed
ida-20140630.xsd Edgar Link pending
ida-20140630_cal.xml Edgar Link unprocessable
ida-20140630_def.xml Edgar Link unprocessable
ida-20140630_lab.xml Edgar Link unprocessable
ida-20140630_pre.xml Edgar Link unprocessable
ida6301410q.htm Edgar Link pending
ida63014ex1065.htm Edgar Link pending
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report.css Edgar Link pending
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