IDACORP (IDA) 10-Q 4 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Jul. 29, 2022
Document Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	1-14465
Entity Registrant Name	IDACORP, Inc.
Entity Tax Identification Number	82-0505802
Entity Address, Address Line One	1221 W. Idaho Street
Entity Address, City or Town	Boise,
Entity Address, State or Province	ID
Entity Address, Postal Zip Code	83702-5627
City Area Code	(208)
Local Phone Number	388-2200
Entity Current Reporting Status	Yes
Entity Incorporation, State or Country Code	ID
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock
Trading Symbol	IDA
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		50,560,040
Entity Central Index Key	0001057877
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Information, Former Legal or Registered Name	None
Idaho Power Company [Member]
Document Information
Entity File Number	1-3198
Entity Registrant Name	Idaho Power Company
Entity Tax Identification Number	82-0130980
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		39,150,812
Entity Central Index Key	0000049648
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Statements of Inco

Consolidated Statements of Income Statement - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Operating Revenues:
Electric utility revenues	$ 357,668	$ 359,058	$ 701,589	$ 674,625
Other	1,055	1,016	1,422	1,502
Total operating revenues	358,723	360,074	703,011	676,127
Operating Expenses:
Purchased power	91,727	96,116	177,151	164,104
Fuel expense	34,417	31,191	80,119	64,496
Power cost adjustment	(426)	(7,934)	(825)	(2,263)
Other operations and maintenance	100,556	88,490	192,642	174,148
Energy efficiency programs	6,609	6,658	13,198	15,685
Depreciation	34,830	43,627	79,287	86,942
Other electric utility operating expenses	8,865	9,007	17,765	18,333
Total electric utility operating expenses	276,578	267,155	559,337	521,445
Other	639	515	1,500	1,170
Total operating expenses	277,217	267,670	560,837	522,615
Operating Income	81,506	92,404	142,174	153,512
Nonoperating (Income) Expense:
Allowance for equity funds used during construction	(9,287)	(7,795)	(18,410)	(15,564)
Earnings of unconsolidated equity-method investments	(2,288)	(2,313)	(4,596)	(4,630)
Interest on long-term debt	21,374	21,036	42,443	42,073
Other interest	3,860	3,611	7,675	7,130
Allowance for borrowed funds used during construction	(3,481)	(3,019)	(6,865)	(6,025)
Other income, net	(1,551)	(460)	(3,163)	(702)
Total nonoperating expense, net	8,627	11,060	17,084	22,282
Income Before Income Taxes	72,879	81,344	125,090	131,230
Income Tax Expense	8,291	11,070	14,317	16,156
Net Income	64,588	70,274	110,773	115,074
Income attributable to noncontrolling interests	(301)	(251)	(225)	(220)
Net Income Attributable to IDACORP, Inc.	$ 64,287	$ 70,023	$ 110,548	$ 114,854
Weighted-average common shares outstanding - basic (in shares)	50,668	50,609	50,650	50,588
Weighted-average common shares outstanding - diluted (in shares)	50,687	50,622	50,673	50,601
Earnings Per Share of Common Stock:
Earnings attributable to IDACORP, Inc. - basic (in dollars per share)	$ 1.27	$ 1.38	$ 2.18	$ 2.27
Earnings attributable to IDACORP, Inc. - diluted (in dollars per share)	$ 1.27	$ 1.38	$ 2.18	$ 2.27

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 64,588	$ 70,274	$ 110,773	$ 115,074
Other Comprehensive Income:
Unfunded pension liability adjustment (net of tax)	837	836	1,674	1,672
Total Comprehensive Income	65,425	71,110	112,447	116,746
Income attributable to noncontrolling interests	(301)	(251)	(225)	(220)
Comprehensive Income Attributable to IDACORP, Inc.	$ 65,124	$ 70,859	$ 112,222	$ 116,526

Consolidated Balance Sheets Sta

Consolidated Balance Sheets Statement - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 237,886	$ 215,243
Short-term Investments	25,000	0
Receivables:
Customer	90,604	78,819
Other	13,012	14,994
Income taxes receivable	0	14,770
Accrued unbilled revenues	94,757	74,843
Materials and supplies (at average cost)	78,715	77,552
Fuel stock (at average cost)	16,023	18,045
Prepayments	23,301	24,676
Current regulatory assets	98,550	71,223
Other	15,496	5,708
Total current assets	693,344	595,873
Investments	114,048	123,824
Property, Plant and Equipment:
Utility plant in service	6,680,494	6,509,316
Accumulated provision for depreciation	(2,395,644)	(2,298,951)
Utility plant in service - net	4,284,850	4,210,365
Construction work in progress	708,529	670,585
Utility plant held for future use	4,089	4,511
Other property, net of accumulated depreciation	16,983	16,361
Property, plant and equipment - net	5,014,451	4,901,822
Other Assets:
Company-owned life insurance	70,180	67,343
Regulatory assets	1,496,817	1,462,431
Other	63,256	59,222
Total other assets	1,630,253	1,588,996
Total assets	7,452,096	7,210,515
Current Liabilities:
Current maturities of long-term debt	75,000	0
Accounts payable	152,569	145,980
Taxes accrued	30,712	14,229
Interest accrued	23,924	23,959
Accrued compensation	49,236	55,666
Current regulatory liabilities	20,101	11,239
Advances from customers	67,400	43,472
Other	30,038	31,079
Total current liabilities	448,980	325,624
Other Liabilities:
Deferred Income Tax	828,758	842,375
Regulatory liabilities	794,753	781,695
Pension and other postretirement benefits	521,963	521,462
Other	68,114	63,485
Total other liabilities	2,213,588	2,209,017
Long-Term Debt	2,075,698	2,000,640
Commitments and Contingencies
Equity:
Common stock	877,362	874,896
Retained earnings	1,867,811	1,833,580
Accumulated other comprehensive loss	(38,366)	(40,040)
Total IDACORP, Inc. shareholders’ equity	2,706,807	2,668,436
Noncontrolling interests	7,023	6,798
Total equity	2,713,830	2,675,234
Total	$ 7,452,096	$ 7,210,515

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating Activities:
Net income	$ 110,773	$ 115,074
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	81,351	88,889
Deferred income taxes and investment tax credits	(16,953)	(6,169)
Changes in regulatory assets and liabilities	8,658	9,311
Pension and postretirement benefit plan expense	14,484	14,534
Contributions to pension and postretirement benefit plans	(12,122)	(11,957)
Earnings of unconsolidated equity-method investments	(4,596)	(4,630)
Distributions from equity-method investments	4,265	4,100
Allowance for equity funds used during construction	(18,410)	(15,564)
Other non-cash adjustments to net income, net	5,953	4,428
Change in:
Accounts receivable	(13,045)	(15,241)
Accounts payable	(23,439)	2,620
Taxes accrued/receivable	31,253	25,728
Other current assets	(17,044)	(48,206)
Other current liabilities	7,882	5,658
Other assets	(7,590)	(3,285)
Other liabilities	4,535	1,905
Net cash provided by operating activities	155,955	167,195
Investing Activities:
Additions to utility plant	(194,094)	(128,265)
Payments received from transmission project joint funding partners	5,531	2,253
Investments in affordable housing	(2,665)	(10,164)
Distributions from equity-method investments, return of investment	10,335	0
Purchases of equity securities	(27,942)	(392)
Purchases of held-to-maturity securities	(29,692)	0
Proceeds from the sale of equity securities	52,833	3,197
Purchases of short-term investments	(25,000)	(25,000)
Maturities of short-term investments	0	50,000
Other	6,767	1,347
Net cash used in investing activities	(203,927)	(107,024)
Financing Activities:
Issuance of long-term debt	150,000	0
Dividends on common stock	(76,339)	(72,285)
Tax withholdings on net settlements of share-based awards	2,958	3,026
Debt issuance costs and other	(88)	(11)
Net cash provided by (used in) financing activities	70,615	(75,322)
Net increase (decrease) in cash and cash equivalents	22,643	(15,151)
Cash and cash equivalents at beginning of the period	215,243	275,116
Cash and cash equivalents at end of the period	237,886	259,965
Supplemental Disclosure of Cash Flow Information:
Interest (net of amount capitalized)	41,657	41,626
Non-cash investing activities:
Additions to property, plant and equipment in accounts payable	$ 70,063	$ 30,984

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interests
Beginning balance at Dec. 31, 2020		$ 869,235	$ 1,734,103	$ (43,358)	$ 6,476
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense		4,850
Tax withholdings on net settlements of share-based awards		(3,026)
Other		52
Retained Earnings
Net Income Attributable to IDACORP, Inc.	$ 114,854		114,854
Common stock dividends			(71,971)
Accumulated Other Comprehensive (Loss) Income
Unfunded pension liability adjustment (net of tax)	1,672			1,672
Noncontrolling Interest [Abstract]
Net loss attributable to noncontrolling interests	220				220
Ending balance at Jun. 30, 2021		871,111	1,776,986	(41,686)	6,696
Beginning balance at Mar. 31, 2021		868,944	1,742,994	(42,522)	6,445
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense		2,140
Tax withholdings on net settlements of share-based awards		0
Other		27
Retained Earnings
Net Income Attributable to IDACORP, Inc.	70,023		70,023
Common stock dividends			(36,031)
Accumulated Other Comprehensive (Loss) Income
Unfunded pension liability adjustment (net of tax)	836			836
Noncontrolling Interest [Abstract]
Net loss attributable to noncontrolling interests	251				(251)
Ending balance at Jun. 30, 2021		871,111	1,776,986	(41,686)	6,696
Accumulated Other Comprehensive (Loss) Income
Total IDACORP, Inc. shareholders’ equity			2,613,107	2,606,411
Total IDACORP, Inc. shareholders’ equity	2,668,436
Beginning balance at Dec. 31, 2021	2,675,234	874,896	1,833,580	(40,040)	6,798
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense		5,364
Tax withholdings on net settlements of share-based awards		(2,958)
Other		60
Retained Earnings
Net Income Attributable to IDACORP, Inc.	110,548		110,548
Common stock dividends			(76,317)
Accumulated Other Comprehensive (Loss) Income
Unfunded pension liability adjustment (net of tax)	1,674			1,674
Noncontrolling Interest [Abstract]
Net loss attributable to noncontrolling interests	225				225
Ending balance at Jun. 30, 2022	2,713,830	877,362	1,867,811	(38,366)	7,023
Beginning balance at Mar. 31, 2022		875,067	1,841,644	(39,203)	6,722
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense		2,262
Tax withholdings on net settlements of share-based awards		0
Other		33
Retained Earnings
Net Income Attributable to IDACORP, Inc.	64,287		64,287
Common stock dividends			(38,120)
Accumulated Other Comprehensive (Loss) Income
Unfunded pension liability adjustment (net of tax)	837			837
Noncontrolling Interest [Abstract]
Net loss attributable to noncontrolling interests	301				(301)
Ending balance at Jun. 30, 2022	2,713,830	$ 877,362	1,867,811	(38,366)	$ 7,023
Accumulated Other Comprehensive (Loss) Income
Total IDACORP, Inc. shareholders’ equity	$ 2,706,807		$ 2,713,830	$ 2,706,807

Idaho Power Company Consolidate

Idaho Power Company Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Regulated Operating Revenue
Electric utility revenues	$ 357,668	$ 359,058	$ 701,589	$ 674,625
Operating Expenses [Abstract]
Purchased power	91,727	96,116	177,151	164,104
Fuel expense	34,417	31,191	80,119	64,496
Power cost adjustment	(426)	(7,934)	(825)	(2,263)
Other operations and maintenance	100,556	88,490	192,642	174,148
Energy efficiency programs	6,609	6,658	13,198	15,685
Depreciation	34,830	43,627	79,287	86,942
Other electric utility operating expenses	8,865	9,007	17,765	18,333
Total electric utility operating expenses	276,578	267,155	559,337	521,445
Operating Income	81,506	92,404	142,174	153,512
Nonoperating (Income) Expense:
Allowance for equity funds used during construction	(9,287)	(7,795)	(18,410)	(15,564)
Earnings of unconsolidated equity-method investments	(2,288)	(2,313)	(4,596)	(4,630)
Interest on long-term debt	21,374	21,036	42,443	42,073
Other interest	3,860	3,611	7,675	7,130
Allowance for borrowed funds used during construction	(3,481)	(3,019)	(6,865)	(6,025)
Other income, net	(1,551)	(460)	(3,163)	(702)
Total nonoperating expense, net	8,627	11,060	17,084	22,282
Income Before Income Taxes	72,879	81,344	125,090	131,230
Income Tax Expense	8,291	11,070	14,317	16,156
Net Income	64,588	70,274	110,773	115,074
Idaho Power Company [Member]
Regulated Operating Revenue
Electric utility revenues	357,668	359,058	701,589	674,625
Operating Expenses [Abstract]
Purchased power	91,727	96,116	177,151	164,104
Fuel expense	34,417	31,191	80,119	64,496
Power cost adjustment	(426)	(7,934)	(825)	(2,263)
Other operations and maintenance	100,556	88,490	192,642	174,148
Energy efficiency programs	6,609	6,658	13,198	15,685
Depreciation	34,830	43,627	79,287	86,942
Other electric utility operating expenses	8,865	9,007	17,765	18,333
Total electric utility operating expenses	276,578	267,155	559,337	521,445
Operating Income	81,090	91,903	142,252	153,180
Nonoperating (Income) Expense:
Allowance for equity funds used during construction	(9,287)	(7,795)	(18,410)	(15,564)
Earnings of unconsolidated equity-method investments	(1,784)	(1,743)	(4,265)	(4,293)
Interest on long-term debt	21,374	21,036	42,443	42,073
Other interest	3,854	3,606	7,665	7,120
Allowance for borrowed funds used during construction	(3,481)	(3,019)	(6,865)	(6,025)
Other income, net	(1,337)	(423)	(2,978)	(613)
Total nonoperating expense, net	9,339	11,662	17,590	22,698
Income Before Income Taxes	71,751	80,241	124,662	130,482
Income Tax Expense	9,316	11,419	16,013	17,291
Net Income	$ 62,435	$ 68,822	$ 108,649	$ 113,191

Idaho Power Company Consolida_2

Idaho Power Company Consolidated Balance Sheet - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 237,886	$ 215,243
Short-term Investments	25,000	0
Receivables [Abstract]
Customer	90,604	78,819
Other	13,012	14,994
Income taxes receivable	0	14,770
Accrued unbilled revenues	94,757	74,843
Materials and supplies (at average cost)	78,715	77,552
Fuel stock (at average cost)	16,023	18,045
Prepayments	23,301	24,676
Current regulatory assets	98,550	71,223
Other	15,496	5,708
Total current assets	693,344	595,873
Investments	114,048	123,824
Property, Plant and Equipment [Abstract]
Utility plant in service	6,680,494	6,509,316
Public Utilities, Property, Plant and Equipment, Accumulated Depreciation	(2,395,644)	(2,298,951)
Utility plant in service - net	4,284,850	4,210,365
Construction work in progress	708,529	670,585
Utility plant held for future use	4,089	4,511
Other property, net of accumulated depreciation	16,983	16,361
Property, plant and equipment - net	5,014,451	4,901,822
Other Assets:
Company-owned life insurance	70,180	67,343
Regulatory assets	1,496,817	1,462,431
Other	63,256	59,222
Total other assets	1,630,253	1,588,996
Total assets	7,452,096	7,210,515
Current Liabilities:
Current maturities of long-term debt	75,000	0
Accounts payable	152,569	145,980
Taxes accrued	30,712	14,229
Interest accrued	23,924	23,959
Accrued compensation	49,236	55,666
Current regulatory liabilities	20,101	11,239
Advances from customers	67,400	43,472
Other	30,038	31,079
Total current liabilities	448,980	325,624
Other Liabilities [Abstract]
Deferred Income Tax	828,758	842,375
Regulatory liabilities	794,753	781,695
Pension and other postretirement benefits	521,963	521,462
Other	68,114	63,485
Total other liabilities	2,213,588	2,209,017
Long-Term Debt	2,075,698	2,000,640
Commitments and Contingencies
Equity [Abstract]
Common stock	877,362	874,896
Retained earnings	1,867,811	1,833,580
Accumulated other comprehensive loss	(38,366)	(40,040)
Total equity	2,713,830	2,675,234
Total	7,452,096	7,210,515
Idaho Power Company [Member]
Current Assets:
Cash and cash equivalents	103,607	60,075
Receivables [Abstract]
Customer	90,604	78,819
Other	12,702	14,134
Income taxes receivable	0	15,328
Accrued unbilled revenues	94,757	74,843
Materials and supplies (at average cost)	78,715	77,552
Fuel stock (at average cost)	16,023	18,045
Prepayments	23,172	24,558
Current regulatory assets	98,550	71,223
Other	15,496	5,708
Total current assets	533,626	440,285
Investments	69,058	77,108
Property, Plant and Equipment [Abstract]
Utility plant in service	6,680,494	6,509,316
Public Utilities, Property, Plant and Equipment, Accumulated Depreciation	(2,395,644)	(2,298,951)
Utility plant in service - net	4,284,850	4,210,365
Construction work in progress	708,529	670,585
Utility plant held for future use	4,089	4,511
Other property, net of accumulated depreciation	4,357	3,647
Property, plant and equipment - net	5,001,825	4,889,108
Other Assets:
Company-owned life insurance	70,180	67,343
Regulatory assets	1,496,817	1,462,431
Other	58,156	54,564
Total other assets	1,625,153	1,584,338
Total assets	7,229,662	6,990,839
Current Liabilities:
Current maturities of long-term debt	75,000	0
Accounts payable	152,475	145,871
Accounts payable to affiliates	2,699	2,159
Taxes accrued	29,086	14,316
Interest accrued	23,924	23,959
Accrued compensation	48,948	55,491
Current regulatory liabilities	20,101	11,239
Advances from customers	67,400	43,472
Other	20,552	19,117
Total current liabilities	440,185	315,624
Other Liabilities [Abstract]
Deferred Income Tax	831,492	844,871
Regulatory liabilities	794,753	781,695
Pension and other postretirement benefits	521,963	521,462
Other	67,264	62,245
Total other liabilities	2,215,472	2,210,273
Long-Term Debt	2,075,698	2,000,640
Commitments and Contingencies
Equity [Abstract]
Common stock	97,877	97,877
Premium on capital stock	712,258	712,258
Capital stock issuance costs	(2,097)	(2,097)
Retained earnings	1,728,635	1,696,304
Accumulated other comprehensive loss	(38,366)	(40,040)
Total equity	2,498,307	2,464,302
Total	$ 7,229,662	$ 6,990,839

Idaho Power Company Consolida_3

Idaho Power Company Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net income	$ 64,588	$ 70,274	$ 110,773	$ 115,074
Other Comprehensive Income:
Unfunded pension liability adjustment (net of tax)	837	836	1,674	1,672
Total Comprehensive Income	65,425	71,110	112,447	116,746
Idaho Power Company [Member]
Net income	62,435	68,822	108,649	113,191
Other Comprehensive Income:
Unfunded pension liability adjustment (net of tax)	837	836	1,674	1,672
Total Comprehensive Income	$ 63,272	$ 69,658	$ 110,323	$ 114,863

Idaho Power Company Consolida_4

Idaho Power Company Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Net income	$ 110,773	$ 115,074
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	81,351	88,889
Deferred income taxes and investment tax credits	(16,953)	(6,169)
Changes in regulatory assets and liabilities	8,658	9,311
Pension and postretirement benefit plan expense	14,484	14,534
Contributions to pension and postretirement benefit plans	(12,122)	(11,957)
Earnings of unconsolidated equity-method investments	(4,596)	(4,630)
Distributions from equity-method investments	4,265	4,100
Allowance for equity funds used during construction	(18,410)	(15,564)
Other non-cash adjustments to net income, net	5,953	4,428
Change in:
Receivables	(13,045)	(15,241)
Accounts payable	(23,439)	2,620
Taxes accrued/receivable	31,253	25,728
Other current assets	(17,044)	(48,206)
Other current liabilities	7,882	5,658
Other assets	(7,590)	(3,285)
Other liabilities	4,535	1,905
Net cash provided by operating activities	155,955	167,195
Investing Activities:
Additions to utility plant	(194,094)	(128,265)
Payments received from transmission project joint funding partners	5,531	2,253
Distributions from equity-method investments, return of investment	10,335	0
Purchases of equity securities	(27,942)	(392)
Purchases of held-to-maturity securities	(29,692)	0
Proceeds from the sale of equity securities	52,833	3,197
Other	6,767	1,347
Net cash used in investing activities	(203,927)	(107,024)
Financing Activities:
Issuance of long-term debt	150,000	0
Dividends on common stock	(76,339)	(72,285)
Debt issuance costs and other	(88)	(11)
Net cash provided by (used in) financing activities	70,615	(75,322)
Net increase (decrease) in cash and cash equivalents	22,643	(15,151)
Cash and cash equivalents at beginning of the period	215,243	275,116
Cash and cash equivalents at end of the period	237,886	259,965
Supplemental Disclosure of Cash Flow Information:
Income taxes	6,265	2,880
Interest (net of amount capitalized)	41,657	41,626
Non-cash investing activities:
Additions to property, plant and equipment in accounts payable	70,063	30,984
Idaho Power Company [Member]
Net income	108,649	113,191
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	81,053	88,593
Deferred income taxes and investment tax credits	(19,471)	(5,393)
Changes in regulatory assets and liabilities	8,658	9,311
Pension and postretirement benefit plan expense	14,484	14,534
Contributions to pension and postretirement benefit plans	(12,122)	(11,957)
Earnings of unconsolidated equity-method investments	(4,265)	(4,293)
Distributions from equity-method investments	4,265	4,100
Allowance for equity funds used during construction	(18,410)	(15,564)
Other non-cash adjustments to net income, net	464	(422)
Change in:
Receivables	(13,064)	(14,535)
Accounts payable	(23,425)	2,616
Taxes accrued/receivable	30,097	18,908
Other current assets	(17,033)	(48,203)
Other current liabilities	7,795	5,728
Other assets	(7,613)	(3,307)
Other liabilities	4,630	1,999
Net cash provided by operating activities	144,692	155,306
Investing Activities:
Additions to utility plant	(193,940)	(128,264)
Payments received from transmission project joint funding partners	5,531	2,253
Distributions from equity-method investments, return of investment	10,335	0
Purchases of equity securities	(27,118)	(392)
Purchases of held-to-maturity securities	(29,692)	0
Proceeds from the sale of equity securities	52,833	3,197
Other	7,282	1,347
Net cash used in investing activities	(174,769)	(121,859)
Financing Activities:
Issuance of long-term debt	150,000	0
Dividends on common stock	(76,318)	(71,972)
Debt issuance costs and other	(73)	(9)
Net cash provided by (used in) financing activities	73,609	(71,981)
Net increase (decrease) in cash and cash equivalents	43,532	(38,534)
Cash and cash equivalents at beginning of the period	60,075	165,604
Cash and cash equivalents at end of the period	103,607	127,070
Supplemental Disclosure of Cash Flow Information:
Income taxes	10,645	10,046
Interest (net of amount capitalized)	41,647	41,616
Non-cash investing activities:
Additions to property, plant and equipment in accounts payable	$ 70,063	$ 30,984

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Other Comprehensive (loss) Income, Pension and Other Postretirement Benefit Plans, Tax	$ 290	$ 290	$ 580	$ 579

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Accounts Receivable, Allowance for Credit Loss, Current	$ 3,921	$ 4,499
Allowance for Doubtful Other Receivables, Current	$ 441	$ 517
Common Stock, Shares Authorized	120,000,000	120,000,000
Common Stock, Shares, Issued	50,560,000	50,516,000

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Stockholders' Equity [Abstract]
Common stock dividends, per share (in dollar per share)	$ 0.75	$ 0.71	$ 1.50	$ 1.42

Idaho Power company Consolida_5

Idaho Power company Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounts Receivable, Allowance for Credit Loss, Current	$ 3,921	$ 4,499
Allowance for Doubtful Other Receivables, Current	$ 441	$ 517
Common Stock, Shares Authorized	120,000,000	120,000,000
Common Stock, Shares, Issued	50,560,000	50,516,000
Idaho Power Company [Member]
Accounts Receivable, Allowance for Credit Loss, Current	$ 3,921	$ 4,499
Allowance for Doubtful Other Receivables, Current	$ 441	$ 517
Common Stock, Par or Stated Value Per Share	$ 2.50	$ 2.50
Common Stock, Shares Authorized	50,000,000	50,000,000
Common Stock, Shares, Issued	39,151,000	39,151,000

Idaho Power Company Statement o

Idaho Power Company Statement of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Comprehensive (loss) Income, Pension and Other Postretirement Benefit Plans, Tax	$ 290	$ 290	$ 580	$ 579
Idaho Power Company [Member]
Other Comprehensive (loss) Income, Pension and Other Postretirement Benefit Plans, Tax	$ 290	$ 290	$ 580	$ 579

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES This Quarterly Report on Form 10-Q is a combined report of IDACORP, Inc. (IDACORP) and Idaho Power Company (Idaho Power). Therefore, these Notes to Condensed Consolidated Financial Statements apply to both IDACORP and Idaho Power. However, Idaho Power makes no representation as to the information relating to IDACORP’s other operations. Nature of Business IDACORP is a holding company formed in 1998 whose principal operating subsidiary is Idaho Power. 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. Idaho Power is regulated primarily by the state utility regulatory commissions of Idaho and Oregon and the Federal Energy Regulatory Commission. 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 (Jim Bridger plant) owned in part by Idaho Power. IDACORP’s significant other wholly-owned subsidiaries include IDACORP Financial Services, Inc. (IFS), an investor in affordable housing and other real estate tax credit investments, and Ida-West Energy Company (Ida-West), an operator of small hydropower generation projects that satisfy the requirements of the Public Utility Regulatory Policies Act of 1978 (PURPA). Regulation of Utility Operations As a regulated utility, many of Idaho Power's fundamental business decisions are subject to the approval of governmental agencies, including the prices that Idaho Power is authorized to charge for its electric service. These approvals are a critical factor in determining IDACORP's and Idaho Power's results of operations and financial condition. 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 or accrued as regulatory assets or regulatory liabilities on the balance sheet. Regulatory assets represent incurred costs that have been deferred because it is probable they will be recovered from customers through future rates. Regulatory liabilities represent obligations to make refunds to customers for previous collections, or represent amounts collected in advance of incurring an expense. The effects of applying these regulatory accounting principles to Idaho Power's operations are discussed in more detail in Note 3 - "Regulatory Matters." Financial Statements 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 condensed consolidated financial position as of June 30, 2022, condensed consolidated results of operations for the three and six months ended June 30, 2022 and 2021, and condensed consolidated cash flows for the six months ended June 30, 2022 and 2021. These adjustments are of a normal and recurring nature. These financial statements do not contain the complete detail or note disclosures 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’s and Idaho Power’s Annual Report on Form 10-K for the year ended December 31, 2021 (2021 Annual Report). 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. Management Estimates Management makes estimates and assumptions when preparing financial statements in conformity with generally accepted accounting principles in the United States of America (GAAP). These estimates and assumptions include those related to rate regulation, retirement benefits, contingencies, asset impairment, income taxes, unbilled revenues, and bad debt. 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. These estimates involve judgments with respect to, among other things, future economic factors that are difficult to predict and are beyond management's control. Accordingly, actual results could differ from those estimates. New and Recently Adopted Accounting Pronouncements There have been no recently issued accounting pronouncements that have had or are expected to have a material impact on IDACORP's or Idaho Power's condensed consolidated financial statements.

INCOME TAXES_

INCOME TAXES:	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES In accordance with interim reporting requirements, IDACORP and Idaho Power use an estimated annual effective tax rate for computing their provisions for income taxes. An estimate of annual income tax expense (or benefit) is made each interim period using estimates for annual pre-tax income, income tax adjustments, and tax credits. The estimated annual effective tax rates do not include discrete events such as tax law changes, examination settlements, accounting method changes, or adjustments to tax expense or benefits attributable to prior years. Discrete events are recorded in the interim period in which they occur or become known. The estimated annual effective tax rate is applied to year-to-date pre-tax income to determine income tax expense (or benefit) for the interim period consistent with the annual estimate. In subsequent interim periods, income tax expense (or benefit) for the period is computed as the difference between the year-to-date amount reported for the previous interim period and the current period's year-to-date amount. Income Tax Expense The following table provides a summary of income tax expense for the six months ended June 30, 2022 and 2021 (in thousands): IDACORP Idaho Power 2022 2021 2022 2021 Income tax at statutory rates (federal and state) $ 32,140 $ 33,722 $ 32,088 $ 33,586 Excess deferred income tax reversal (5,703) (3,213) (5,703) (3,213) Other (1) (12,120) (14,353) (10,372) (13,082) Income tax expense $ 14,317 $ 16,156 $ 16,013 $ 17,291 Effective tax rate 11.5 % 12.3 % 12.8 % 13.3 %

REGULATORY MATTERS_

REGULATORY MATTERS:	6 Months Ended
	Jun. 30, 2022
Public Utilities, Rate Matters [Abstract]
Regulatory Matters	REGULATORY MATTERS Included below is a summary of Idaho Power's most recent general rate cases and base rate changes, as well as other recent or pending notable regulatory matters and proceedings. Idaho and Oregon General Rate Cases Idaho Power's current base rates result from the Idaho Public Utilities Commission (IPUC) and Public Utility Commission of Oregon (OPUC) orders described in Note 3 - "Regulatory Matters" to the consolidated financial statements included in the 2021 Annual Report. Idaho Settlement Stipulations A May 2018 Idaho settlement stipulation related to tax reform (May 2018 Idaho Tax Reform Settlement Stipulation) is described in Note 3 - "Regulatory Matters" to the consolidated financial statements included in the 2021 Annual Report and includes provisions for the accelerated amortization of accumulated deferred investment tax credits (ADITC) to help achieve a minimum 9.4 percent Idaho-jurisdiction return on year-end equity (Idaho ROE). In addition, under the May 2018 Idaho Tax Reform Settlement Stipulation, the Idaho ROE at which Idaho Power would begin amortizing additional ADITC would revert back to 95 percent of the authorized return on equity in the next general rate case. The settlement stipulation also provides for the potential sharing between Idaho Power and Idaho customers of Idaho-jurisdictional earnings in excess of 10.0 percent of Idaho ROE. Based on its estimate of full-year 2022 Idaho ROE, in the second quarter of 2022, Idaho Power recorded no additional ADITC amortization or provision against current revenues for sharing earnings with customers under the May 2018 Idaho Tax Reform Settlement Stipulation. Accordingly, at June 30, 2022, the full $45 million of additional ADITC remains available for future use. Idaho Power also recorded no additional ADITC amortization or provision against revenues for sharing of earnings with customers during the second quarter of 2021, based on its then-current estimate of full-year 2021 Idaho ROE. Power Cost Adjustment Mechanisms In both its Idaho and Oregon jurisdictions, Idaho Power's power cost adjustment mechanisms address the volatility of power supply costs and provide for annual adjustments to the rates charged to its retail customers. The power cost adjustment mechanisms compare Idaho Power's actual net power supply costs (primarily fuel and purchased power less wholesale energy sales) against net power supply costs being recovered in Idaho Power's retail rates. Under the power cost adjustment mechanisms, certain differences between actual net power supply costs incurred by Idaho Power and costs being recovered in retail rates are recorded as a deferred charge or credit on the balance sheet for future recovery or refund. The power supply costs deferred primarily result from changes in contracted power purchase prices and volumes, changes in wholesale market prices and transaction volumes, fuel prices, and the levels of Idaho Power's own generation. In May 202 2, the IPUC approved a $94.9 million net increase in Idaho-jurisdiction power cost adjustment (PCA) revenues, effective for the 2022-2023 PCA collection period from June 1, 2022, to May 31, 2023. The net increase in PCA revenues reflec ts a forecasted reduction in low-cost hydropower generation as well as higher market energy prices and higher natural gas prices. The filing also includes $0.6 million of 2021 earnings to be shared with customers under the May 2018 Idaho Tax Reform Settlement Stipulation described above. Idaho Fixed Cost Adjustment Mechanism The Idaho jurisdiction fixed cost adjustment (FCA) mechanism, applicable to Idaho residential and small general service customers, is designed to remove a portion of Idaho Power’s financial disincentive to invest in energy efficiency programs by separating (or decoupling) the recovery of fixed costs from the variable kilowatt-hour charge and linking it instead to a set amount per customer. Under Idaho Power's current rate design, Idaho Power recovers a portion of fixed costs through the variable kilowatt-hour charge, which may result in over-collection or under-collection of fixed costs. To return over-collection to customers or to collect under-collection from customers, the FCA mechanism allows Idaho Power to accrue, or defer, the difference between the authorized fixed-cost recovery amount per customer and the actual fixed costs per customer recovered by Idaho Power during the year. The IPUC has discretion to cap the annual increase in the FCA recovery at 3 percent of base revenue, with any excess deferred for collection in a subsequent year. In May 2022, the IPUC approved a decrease of $3.1 million in recovery from the FCA from $38.3 million to $35.2 million for the 2021 FCA deferral, with new rates effective for the period from June 1, 2022, to May 31, 2023. Jim Bridger Power Plant Rate Base Adjustment and Recovery In June 2022, the IPUC issued an order approving, with modifications, Idaho Power’s amended application requesting authorization to (a) accelerate depreciation for the Jim Bridger plant to allow the coal-related plant assets to be fully depreciated and recovered by December 31, 2030, (b) establish a balancing account to track the incremental costs, benefits, and required regulatory accounting associated with ceasing participation in coal-fired operations at the Jim Bridger plant, and (c) adjust customer rates to recover the associated incremental annual levelized revenue requirement (Bridger Order). The Bridger Order allows for regulatory accounting entries and establishes balancing accounts (recorded as regulatory assets or liabilities on Idaho Power’s and IDACORP’s consolidated balance sheets) to track differences between amounts recovered in rates and actual incremental costs and benefits associated with Idaho Power’s cessation of coal-fired operations at the Jim Bridger plant. The incremental costs and benefits include the revenue requirement associated with the incremental Jim Bridger plant coal-related investments made from 2012 through the end of 2020, forecasted coal-related investments, and near-term decommissioning costs, offset by other operations and maintenance (O&M) cost savings. The Bridger Order deemed all coal-related investments at the Jim Bridger plant from 2012 through 2020 to be prudent for recovery. In the Bridger Order, the IPUC reduced Idaho Power's requested rate increase from 2.1 percent in its amended filing to 1.5 percent, a reduction from $27.1 million to $18.8 million annually. The Bridger Order provides that any uncollected amount resulting from the reduction in the rate increase will be recorded in the balancing account for future recovery with no carrying charge. Idaho Power anticipates making future filings with the IPUC that may result in periodic adjustments to rates to true up variances between revenue collections and actual revenue requirement amounts. The Bridger Order allows Idaho Power to earn a return on and recover through 2030 the net book value of coal-related assets at the Jim Bridger plant as of December 31, 2020, as well as forecasted coal-related investments, which resulted in Idaho Power's deferral of certain depreciation expense during the three- and six-month periods ended June 30, 2022. The deferral and impacts of the Bridger Order resulted in an increase in net income for the first half of 2022 of approximately $9 million, all of which was recorded during the second quarter of 2022. Wildfire Mitigation Cost Recovery In June 2021, the IPUC authorized Idaho Power to defer for future amortization incremental O&M and depreciation expense for certain capital investments necessary to implement Idaho Power's Wildfire Mitigation Plan (WMP). The IPUC also authorized Idaho Power to record these deferred expenses as a regulatory asset until Idaho Power can request amortization of the deferred costs in a future IPUC proceeding, at which time the IPUC will have the opportunity to review actual costs and determine the amount of prudently incurred costs that Idaho Power can recover through retail rates. In the filing, Idaho Power projected spending approximately $47 million in incremental wildfire mitigation-related O&M and approximately $35 million in wildfire mitigation system-hardening capital incremental expenditures over a five-year period. The IPUC authorized a deferral period of five years, or until rates go into effect from Idaho Power's next general rate case, whichever is first. As of June 30, 2022, Idaho Power's deferral of Idaho-jurisdiction costs related to the WMP was $14.8 million.

REVENUES_

REVENUES:	3 Months Ended
	Jun. 30, 2022
Revenues [Abstract]
REVENUES:	REVENUES The following table provides a summary of electric utility operating revenues for IDACORP and Idaho Power for the three and six months ended June 30, 2022 and 2021 (in thousands): Three months ended Six months ended 2022 2021 2022 2021 Electric utility operating revenues: Revenue from contracts with customers $ 345,483 $ 357,461 $ 663,665 $ 648,787 Alternative revenue programs and other revenues 12,185 1,597 37,924 25,838 Total electric utility operating revenues $ 357,668 $ 359,058 $ 701,589 $ 674,625 Revenues from Contracts with Customers The following table presents revenues from contracts with customers disaggregated by revenue source for the three and six months ended June 30, 2022 and 2021 (in thousands): Three months ended Six months ended 2022 2021 2022 2021 Revenues from contracts with customers: Retail revenues: Residential (includes $5,459, $(715), $15,551, and $15,107, respectively, related to the FCA) (1) $ 124,593 $ 122,633 $ 293,888 $ 277,418 Commercial (includes $304, $165, $588, and $647, respectively, related to the FCA) (1) 79,260 77,609 157,826 149,878 Industrial 51,987 48,047 101,047 93,477 Irrigation 57,659 76,799 58,700 77,885 Deferred revenue related to HCC relicensing AFUDC (2) (1,927) (1,927) (4,046) (4,046) Total retail revenues 311,572 323,161 607,415 594,612 Less: FCA mechanism revenues (1) (5,763) 550 (16,139) (15,754) Wholesale energy sales 6,980 4,308 10,015 10,567 Transmission wheeling-related revenues 18,323 15,420 34,788 29,887 Energy efficiency program revenues 6,609 6,658 13,198 15,685 Other revenues from contracts with customers 7,762 7,364 14,388 13,790 Total revenues from contracts with customers $ 345,483 $ 357,461 $ 663,665 $ 648,787 (1) The FCA mechanism is an alternative revenue program in the Idaho jurisdiction and does not represent revenue from contracts with customers. (2) The IPUC allows Idaho Power to recover a portion of the allowance for funds used during construction (AFUDC) on construction work in progress related to the Hells Canyon Complex (HCC) relicensing process, even though the relicensing process is not yet complete and the costs have not been moved to electric plant in service. Idaho Power is collecting $8.8 million annually in the Idaho jurisdiction but is deferring revenue recognition of the amounts collected until the license is issued and the accumulated license costs approved for recovery are placed in service. Alternative Revenue Programs and Other Revenues While revenues from contracts with customers make up most of Idaho Power’s revenues, the IPUC has authorized the use of an additional regulatory mechanism, the Idaho FCA mechanism, which may increase or decrease tariff-based customer rates. The Idaho FCA mechanism is described in Note 3 - "Regulatory Matters." The FCA mechanism revenues include only the initial recognition of FCA revenues when they meet the regulator-specified conditions for recognition. Revenue from contracts with customers excludes the portion of the tariff price representing FCA revenues that Idaho Power initially recorded in prior periods when revenues met regulator-specified conditions. When Idaho Power includes those amounts in the price of utility service billed to customers, Idaho Power records such amounts as recovery of the associated regulatory asset or liability and not as revenues. Derivative revenues include gains from settled electricity swaps and sales of electricity under forward sales contracts that are bundled with renewable energy credits. Related to these forward sales, Idaho Power simultaneously enters into forward purchases of electricity for the same quantity at the same location, which are recorded in purchased power on the condensed consolidated statements of income. For more information on settled electricity swaps, see Note 12 - "Derivative Financial Instruments." The table below presents the FCA mechanism revenues and other revenues for the three and six months ended June 30, 2022 and 2021 (in thousands): Three months ended Six months ended 2022 2021 2022 2021 Alternative revenue programs and other revenues: FCA mechanism revenues $ 5,763 (550) $ 16,139 $ 15,754 Derivative revenues 6,422 2,147 21,785 10,084 Total alternative revenue programs and other revenues $ 12,185 $ 1,597 $ 37,924 $ 25,838 Receivables and Allowance for Uncollectible Accounts In response to the COVID-19 public health crisis, Idaho Power provided certain relief to customers, including temporarily suspending disconnections for customers and temporarily waiving late fees. This relief as well as the economic conditions created by the response to the COVID-19 public health crisis have resulted in higher aged accounts receivable and an increase in the number of late payments. Compared with historical levels, Idaho Power expects higher uncollectible account write-offs as a result of the COVID-19 public health crisis and, accordingly, has maintained its higher allowance for uncollectible accounts related to customer receivables at June 30, 2022. The following table provides a roll-forward of the allowance for uncollectible accounts related to customer receivables for the three months ended June 30, 2022 and 2021 (in thousands): Six months ended 2022 2021 Balance at beginning of period $ 4,499 $ 4,766 Additions to the allowance 478 369 Write-offs, net of recoveries (1,056) (883) Balance at end of period $ 3,921 $ 4,252 Allowance for uncollectible accounts as a percentage of customer receivables 4.3 % 4.8 %

LONG-TERM DEBT

LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Term-Loan Credit Agreement On March 4, 2022, Idaho Power entered into a term loan credit agreement (Term Loan Facility). The Term Loan Facility is a two-year senior unsecured delayed draw term loan facility used for general corporate purposes, including funding Idaho Power ’ s capital projects. It provided for the issuance of loans not to exceed the aggregate principal amount of $150 million with a maturity date of March 4, 2024. At June 30, 2022, $150 million in principal amount had been drawn and was outstanding on the Term Loan Facility.

COMMON STOCK_

COMMON STOCK:	6 Months Ended
	Jun. 30, 2022
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Common Stock	COMMON STOCK IDACORP Common Stock During the six months ended June 30, 2022, IDACORP granted 73,131 restricted stock units to employees and issued 43,561 shares of common stock using original issuances of shares pursuant to the IDACORP, Inc. 2000 Long-Term Incentive and Compensation Plan, including 8,674 shares of common stock issued to members of the board of directors. As directed by IDACORP, plan administrators of the IDACORP, Inc. Dividend Reinvestment and Stock Purchase Plan and Idaho Power Company Employee Savings Plan used market purchases of IDACORP common stock to acquire shares of IDACORP common stock for the plans. Restrictions on Dividends Idaho Power’s ability to pay dividends on its common stock held by IDACORP and IDACORP’s ability to pay dividends on its common stock are limited to the extent payment of such dividends would violate the covenants in their respective credit facilities or Idaho Power’s Revised Code of Conduct. A covenant under IDACORP’s credit facility and Idaho Power’s credit facility requires IDACORP and Idaho Power to maintain leverage ratios of consolidated indebtedness to consolidated total capitalization, as defined therein, of no more than 65 percent at the end of each fiscal quarter. At June 30, 2022, the leverage ratios for IDACORP and Idaho Power were 44 percent and 46 percent, respectively. Based on these restrictions, IDACORP’s and Idaho Power’s dividends were limited to $1.6 billion and $1.3 billion, respectively, at June 30, 2022. There are additional facility covenants, subject to exceptions, that prohibit or restrict the sale or disposition of property without consent and any agreements restricting dividend payments to IDACORP and Idaho Power from any material subsidiary. At June 30, 2022, IDACORP and Idaho Power were in compliance with those financial covenants. Idaho Power’s Revised Code of Conduct relating to transactions among Idaho Power, IDACORP, and other affiliates, which was approved by the IPUC in April 2008, provides that Idaho Power will not pay any dividends to IDACORP that will reduce Idaho Power’s common equity capital below 35 percent of its total adjusted capital without IPUC approval. At June 30, 2022, Idaho Power's common equity capital was 54 percent of its total adjusted capital. Further, Idaho Power must obtain approval from the OPUC before it can directly or indirectly loan funds or issue notes or give credit on its books to IDACORP. Idaho Power’s articles of incorporation contain restrictions on the payment of dividends on its common stock if preferred stock dividends are in arrears. As of the date of this report, Idaho Power has no preferred stock outstanding. In addition to contractual restrictions on the amount and payment of dividends, the Federal Power Act prohibits payment of dividends from "capital accounts." The term "capital account" is undefined in the Federal Power Act or its regulations, but Idaho Power does not believe the restriction would limit Idaho Power's ability to pay dividends out of current year earnings or retained earnings.

EARNINGS PER SHARE_

EARNINGS PER SHARE:	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE The table below presents the computation of IDACORP’s basic and diluted earnings per share for the three and six months ended June 30, 2022 and 2021 (in thousands, except for per share amounts). Three months ended Six months ended 2022 2021 2022 2021 Numerator: Net income attributable to IDACORP, Inc. $ 64,287 $ 70,023 $ 110,548 $ 114,854 Denominator: Weighted-average common shares outstanding - basic 50,668 50,609 50,650 50,588 Effect of dilutive securities 19 13 23 13 Weighted-average common shares outstanding - diluted 50,687 50,622 50,673 50,601 Basic earnings per share $ 1.27 $ 1.38 $ 2.18 $ 2.27 Diluted earnings per share $ 1.27 $ 1.38 $ 2.18 $ 2.27

COMMITMENTS_

COMMITMENTS:	6 Months Ended
	Jun. 30, 2022
Disclosure Text Block Supplement [Abstract]
COMMITMENTS	COMMITMENTS Purchase Obligations During the six months ended June 30, 2022, Idaho Power entered into: • one new non-PURPA-qualifying solar facility power purchase contract and one replacement PURPA-qualifying hydropower facility power purchase contract for an expiring power purchase agreement, which collectively increased Idaho Power's contractual purchase obligations by approximately $86 million over the 20-year terms of the contracts; and • two new contracts to acquire and own battery storage assets, which collectively increased Idaho Power's contractual purchase obligations by approximately $137 million over the 1-year terms of the contracts. During the six months ended June 30, 2022, Idaho Power made payments of $35 million related to these obligations. Aside from these changes, IDACORP's and Idaho Power's contractual obligations, outside the ordinary course of business, did not change materially from the amounts disclosed in the notes to the consolidated financial statements in the 2021 Annual Report. Guarantees Idaho Power guarantees its portion of reclamation activities and obligations at BCC, of which IERCo owns a one-third interest. This guarantee, which is renewed annually with the Wyoming Department of Environmental Quality, was $50.8 million at June 30, 2022, representing IERCo's one-third share of BCC's total reclamation obligation of $152.5 million. BCC has a reclamation trust fund set aside specifically for the purpose of paying these reclamation costs. At June 30, 2022, the value of BCC's reclamation trust fund was $183.9 million. During the six months ended June 30, 2022, the reclamation trust fund made $1.1 million of distributions for reclamation activity costs associated with the BCC surface mine. BCC periodically assesses the adequacy of the reclamation trust fund and its estimate of future reclamation costs. To ensure that the reclamation trust fund maintains adequate reserves, BCC has the ability to, and does, add a per-ton surcharge to coal sales, all of which are made to the Jim Bridger plant. Because of the existence of the fund and the ability to apply a per-ton surcharge, the estimated fair value of this guarantee is minimal. IDACORP and Idaho Power enter into financial agreements and power purchase and sale agreements that include indemnification provisions relating to various forms of claims or liabilities that may arise from the transactions contemplated by these agreements. Generally, a maximum obligation is not explicitly stated in the indemnification provisions and, therefore, the overall maximum amount of the obligation under such indemnification provisions cannot be reasonably estimated. IDACORP and Idaho Power periodically evaluate the likelihood of incurring costs under such indemnities based on their historical experience and the evaluation of the specific indemnities. As of June 30, 2022, the companies believe the likelihood is remote that IDACORP or Idaho Power would be required to perform under such indemnification provisions or otherwise incur any significant losses with respect to such indemnification obligations. Neither IDACORP nor Idaho Power has recorded any liability on their respective condensed consolidated balance sheets with respect to these indemnification obligations.

CONTINGENCIES_

CONTINGENCIES:	6 Months Ended
	Jun. 30, 2022
Loss Contingency [Abstract]
Contingencies	CONTINGENCIES 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, some of which 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. 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's operations, Idaho Power intends to seek, to the extent permissible and appropriate, recovery through the rate-making process of costs incurred, although there is no assurance recovery would be granted. IDACORP and Idaho Power are parties to legal claims and legal, tax, and regulatory actions and proceedings in the ordinary course of business and, as noted above, record an accrual for associated loss contingencies when they are probable and reasonably estimable. In connection with its utility operations, Idaho Power is subject to claims by individuals, entities, and governmental agencies for damages for alleged personal injury, property damage, and economic losses, relating to the company’s provision of electric service and the operation of its generation, transmission, and distribution facilities. Some of those claims relate to electrical contacts, service quality, property damage, personal injury, and wildfires. In recent years, utilities in the western United States have been subject to significant liability for personal injury, loss of life, property damage, trespass, and economic losses, and in some cases, punitive damages and criminal charges, associated with wildfires that originated from utility property, most commonly transmission and distribution lines. Idaho Power has also regularly received claims by governmental agencies and private landowners for damages for fires allegedly originating from Idaho Power’s transmission and distribution system. As of the date of this report, the companies believe that resolution of existing claims will not have a material adverse effect on their respective condensed consolidated financial statements. Idaho Power is also actively monitoring various pending environmental regulations and executive orders related to environmental matters that may have a significant impact on its future operations. 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.

BENEFIT PLANS_

BENEFIT PLANS:	6 Months Ended
	Jun. 30, 2022
Retirement Benefits, Description [Abstract]
Benefit Plans	BENEFIT PLANSIdaho Power has a noncontributory defined benefit pension plan (pension plan) and two nonqualified defined benefit plans for certain senior management employees called the Security Plan for Senior Management Employees I and Security Plan for Senior Management Employees II (together, SMSP). Idaho Power also has a nonqualified defined benefit pension plan for directors that was frozen in 2002. Remaining vested benefits from that plan are included with the SMSP in the disclosures below. The benefits under the pension plan are based on years of service and the employee’s final average earnings. Idaho Power also maintains a defined benefit postretirement benefit plan (consisting of health care and death benefits) that covers all employees who were enrolled in the active-employee group plan at the time of retirement as well as their spouses and qualifying dependents. The table below shows the components of net periodic benefit costs for the pension, SMSP, and postretirement benefits plans for the three months ended June 30, 2022 and 2021 (in thousands). Pension Plan SMSP Postretirement Total 2022 2021 2022 2021 2022 2021 2022 2021 Service cost $ 12,849 $ 13,693 $ 297 $ 203 $ 266 $ 179 $ 13,412 $ 14,075 Interest cost 9,751 9,456 975 889 530 502 11,256 10,847 Expected return on plan assets (18,137) (16,024) — — (585) (597) (18,722) (16,621) Amortization of prior service cost 1 1 69 74 (2) 12 68 87 Amortization of net loss 2,589 6,225 1,058 1,052 (5) — 3,642 7,277 Net periodic benefit cost 7,053 13,351 2,399 2,218 204 96 9,656 15,665 Regulatory deferral of net periodic benefit cost (1) (6,727) (12,787) — — — — (6,727) (12,787) Previously deferred pension costs recognized (1) 4,289 4,289 — — — — 4,289 4,289 Net periodic benefit cost recognized for financial reporting (1)(2) $ 4,615 $ 4,853 $ 2,399 $ 2,218 $ 204 $ 96 $ 7,218 $ 7,167 (1) Net periodic benefit costs for the pension plan are recognized for financial reporting based upon the authorization of each regulatory jurisdiction in which Idaho Power operates. Under IPUC order, the Idaho portion of net periodic benefit cost is recorded as a regulatory asset and is recognized in the income statement as those costs are recovered through rates. (2) Of total net periodic benefit cost recognized for financial reporting, $5.0 million and $4.5 million, respectively, were recognized in "Other operations and maintenance" and $2.2 million and $2.6 million, respectively, were recognized in "Other income, net" on the condensed consolidated statements of income of the companies for the three months ended June 30, 2022 and 2021. The table below shows the components of net periodic benefit costs for the pension, SMSP, and postretirement benefits plans for the six months ended June 30, 2022 and 2021 (in thousands). Pension Plan SMSP Postretirement Total 2022 2021 2022 2021 2022 2021 2022 2021 Service cost $ 26,013 $ 27,101 $ 593 $ 406 $ 536 $ 532 $ 27,142 $ 28,039 Interest cost 19,835 18,659 1,949 1,778 1,056 1,030 22,840 21,467 Expected return on plan assets (36,174) (32,045) — — (1,176) (1,198) (37,350) (33,243) Amortization of prior service cost 3 3 139 148 (3) 24 139 175 Amortization of net loss 6,137 11,898 2,115 2,103 (16) — 8,236 14,001 Net periodic benefit cost 15,814 25,616 4,796 4,435 397 388 21,007 30,439 Regulatory deferral of net periodic benefit cost (1) (15,100) (24,482) — — — — (15,100) (24,482) Previously deferred pension costs recognized (1) 8,577 8,577 — — — — 8,577 8,577 Net periodic benefit cost recognized for financial reporting (1)(2) $ 9,291 $ 9,711 $ 4,796 $ 4,435 $ 397 $ 388 $ 14,484 $ 14,534 (1) Net periodic benefit costs for the pension plan are recognized for financial reporting based upon the authorization of each regulatory jurisdiction in which Idaho Power operates. Under IPUC order, the Idaho portion of net periodic benefit cost is recorded as a regulatory asset and is recognized in the income statement as those costs are recovered through rates. (2) Of total net periodic benefit cost recognized for financial reporting, $9.9 million and $9.3 million, respectively, were recognized in "Other operations and maintenance" and $4.6 million and $5.2 million, respectively, were recognized in "Other income, net" on the condensed consolidated statements of income of the companies for the six months ended June 30, 2022 and 2021. Idaho Power has no minimum contribution requirement to its defined benefit pension plan in 2022, and during the six months ended June 30, 2022, Idaho Power made a $10 million contribution. In July 2022, Idaho Power made an additional $10 million contribution to the defined benefit pension plan in a continued effort to balance the regulatory collection of these expenditures with the amount and timing of contributions and to mitigate the cost of being in an underfunded position. Idaho Power is considering contributing up to an additional $20 million to its defined benefit pension plan during 2022. The primary impact of pension contributions is on the timing of cash flows, as the timing of cost recovery lags behind contributions. Idaho Power also has an Employee Savings Plan that complies with Section 401(k) of the Internal Revenue Code and covers substantially all employees. Idaho Power matches specified percentages of employee contributions to the Employee Savings Plan.

INVESTMENTS

INVESTMENTS	6 Months Ended
	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure	INVESTMENTSIdaho Power has a rabbi trust designated to provide funding for obligations related to the SMSP. During the first quarter of 2022, the rabbi trust purchased $29.7 million of held-to-maturity investments in corporate fixed-income and asset-backed debt securities. Substantially all of these debt securities mature between 2027 and 2037. Held-to-maturity investments are carried at amortized cost, reflecting Idaho Power’s ability and intent to hold the securities to maturity. Held-to-maturity investments are adjusted for the amortization or accretion of premiums or discounts, which are amortized or accreted over the life of the related held-to-maturity security. Such amortization and accretion are included in the “Other income, net” line in the condensed consolidated statements of income. Due to increases in market interest rates in the first half of 2022, all held-to-maturity securities were in a gross unrealized holding loss position totaling $4.3 million at June 30, 2022. Based on ongoing credit evaluations of these holdings, Idaho Power does not expect payment defaults or delinquencies and has not recorded an allowance for credit losses for these securities as of June 30, 2022. Refer to Note 13 – “Fair Value Measurement” for additional information relating to the carrying amount and estimated fair value of the securities at the balance sheet date.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS:	6 Months Ended
	Jun. 30, 2022
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS Commodity Price Risk 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. Market risk may be influenced by market participants’ nonperformance of their contractual obligations and commitments, which affects the supply of or demand for the commodity. 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. The primary objectives of Idaho Power’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. All of Idaho Power's derivative instruments have been entered into for the purpose of securing energy resources for future periods or 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). These types of transactions are excluded from the offsetting presented in the derivative fair value and offsetting table that follows. The table below presents the gains and losses on derivatives not designated as hedging instruments for the three and six months ended June 30, 2022 and 2021 (in thousands). Gain/(Loss) on Derivatives Recognized in Income (1) Location of Realized Gain/(Loss) on Derivatives Recognized in Income Three months ended Six months ended 2022 2021 2022 2021 Financial swaps Operating revenues $ (1,577) $ — $ (995) $ — Financial swaps Purchased power (1,197) — (1,081) 249 Financial swaps Fuel expense 2,991 903 4,451 1,636 Forward contracts Operating revenues 32 26 211 73 Forward contracts Purchased power (31) (26) (210) (73) Forward contracts Fuel expense (9) 2 (62) 1 (1) Excludes unrealized gains or losses on derivatives, which are recorded on the balance sheet as regulatory assets or regulatory liabilities. Settlement gains and losses on electricity swap contracts are recorded on the income statement in operating revenues or purchased power depending on the forecasted position being economically hedged by the derivative contract. Settlement gains and losses on contracts for natural gas are reflected in fuel expense. Settlement gains and losses on diesel derivatives are recorded in other O&M expense. See Note 13 - "Fair Value Measurements" for additional information concerning the determination of fair value for Idaho Power’s assets and liabilities from price risk management activities. Credit Risk At June 30, 2022, Idaho Power did not have material credit risk exposure from financial instruments, including derivatives. Idaho Power monitors credit risk exposure through reviews of counterparty credit quality, corporate-wide counterparty credit exposure, and corporate-wide counterparty concentration levels. Idaho Power manages these risks by establishing credit and concentration limits on transactions with counterparties and requiring contractual guarantees, cash deposits, or letters of credit from counterparties or their affiliates, as deemed necessary. Idaho Power’s physical power, physical gas, and financial transactions are generally under standardized industry contracts. These contracts contain adequate assurance clauses requiring collateralization if a counterparty has debt that is downgraded below investment grade by at least one rating agency. Credit-Contingent Features Certain Idaho Power derivative instruments contain provisions that require Idaho Power's unsecured debt to maintain an investment grade credit rating from Moody's Investors Service and Standard & Poor's Ratings Services. If Idaho Power's unsecured debt were to fall below investment grade, it would be in violation of these provisions, and the counterparties to the derivative instruments could request immediate payment or demand immediate and ongoing full overnight collateralization on derivative instruments in net liability positions. At June 30, 2022, the aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a liability position was $9.3 million. Idaho Power posted $1.2 million of cash collateral related to this amount. If the credit-risk-related contingent features underlying these agreements were triggered on June 30, 2022, Idaho Power would have been required to pay or post collateral to its counterparties up to $7.3 million to cover the open liability positions as well as completed transactions that have not yet been paid. Derivative Instrument Summary The table below presents the fair values and locations of derivative instruments not designated as hedging instruments recorded on the balance sheets and reconciles the gross amounts of derivatives recognized as assets and as liabilities to the net amounts presented in the balance sheets at June 30, 2022, and December 31, 2021 (in thousands). Asset Derivatives Liability Derivatives Balance Sheet Location Gross Fair Value Amounts Offset Net Assets Gross Fair Value Amounts Offset Net Liabilities June 30, 2022 Current: Financial swaps Other current assets $ 15,496 $ — $ 15,496 $ — $ — $ — Financial swaps Other current liabilities 9,052 (9,052) — 9,229 (9,052) 177 Forward contracts Other current liabilities — — — 2,095 — 2,095 Long-term: Financial swaps Other assets 5,854 (1,509) 4,345 1,509 (1,509) — Forward contracts Other liabilities — — — 3,194 — 3,194 Total $ 30,402 $ (10,561) $ 19,841 $ 16,027 $ (10,561) $ 5,466 December 31, 2021 Current: Financial swaps Other current assets $ 10,599 $ (4,893) (1) $ 5,706 $ 2,910 $ (2,910) $ — Financial swaps Other current liabilities — — — 20 — 20 Forward contracts Other current assets 6 (4) 2 4 (4) — Forward contracts Other current liabilities — — — 1,970 — 1,970 Long-term: Financial swaps Other assets 899 (9) 890 9 (9) — Financial swaps Other liabilities — — — 14 — 14 Forward contracts Other liabilities — — — 3,743 — 3,743 Total $ 11,504 $ (4,906) $ 6,598 $ 8,670 $ (2,923) $ 5,747 (1) Current asset derivative amounts offset includes $2.0 million of collateral payable at December 31, 2021. The table below presents the volume of derivative commodity forward contracts and swaps outstanding at June 30, 2022 and 2021 (in thousands of units). June 30, Commodity Units 2022 2021 Electricity purchases MWh 541 254 Electricity sales MWh 118 10 Natural gas purchases MMBtu 21,215 14,455 Natural gas sales MMBtu — 75

FAIR VALUE MEASUREMENTS_

FAIR VALUE MEASUREMENTS:	6 Months Ended
	Jun. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS IDACORP and Idaho Power have categorized their financial instruments into a three-level fair value hierarchy, based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. Financial assets and liabilities recorded on the condensed consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows: • Level 1: Financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market that IDACORP and Idaho Power have the ability to access. • Level 2: Financial assets and liabilities whose values are based on the following: a) quoted prices for similar assets or liabilities in active markets; b) quoted prices for identical or similar assets or liabilities in non-active markets; c) pricing models whose inputs are observable for substantially the full term of the asset or liability; and d) pricing models whose inputs are derived principally from or corroborated by observable market data through correlation or other means for substantially the full term of the asset or liability. IDACORP and Idaho Power Level 2 inputs are based on quoted market prices adjusted for location using corroborated, observable market data or using quoted prices which may be in non-active markets. • Level 3: Financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect management’s own assumptions about the assumptions a market participant would use in pricing the asset or liability. IDACORP’s and Idaho Power’s assessment of a particular input's significance to the fair value measurement requires judgment and may affect the valuation of fair value assets and liabilities and their placement within the fair value hierarchy. There were no transfers between levels or material changes in valuation techniques or inputs during the six months ended June 30, 2022. Certain instruments have been valued using net asset value (NAV) as a practical expedient. These instruments are similar to mutual funds; however, their NAV is generally not published and publicly available, nor are these instruments traded on an exchange. Instruments valued using NAV as a practical expedient are included in the fair value disclosures below; however, in accordance with GAAP are not classified within the fair value hierarchy levels. The table below presents information about IDACORP’s and Idaho Power’s assets and liabilities measured at fair value on a recurring basis as of June 30, 2022, and December 31, 2021 (in thousands). June 30, 2022 December 31, 2021 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Money market funds IDACORP (1) $ 76,279 $ — $ — $ 76,279 $ 80,406 $ — $ — $ 80,406 Idaho Power 42,845 — — 42,845 10,393 — — 10,393 Derivatives 19,841 — — 19,841 6,596 2 — 6,598 Equity securities 27,408 — — 27,408 54,431 — — 54,431 IDACORP assets measured at NAV (not subject to hierarchy disclosure) (1) — — — 2,063 — — — 1,363 Liabilities: Derivatives 177 5,289 — 5,466 34 5,713 — 5,747 (1) Holding company only. Does not include amounts held by Idaho Power. Idaho Power’s derivatives are contracts entered into as part of its management of loads and resources. Electricity derivatives are valued on the Intercontinental Exchange (ICE) with quoted prices in an active market. Electricity forward contract derivatives are valued using a blend of two electricity exchanges, adjusted for location basis, as specified in the forward contract. Natural gas and diesel derivatives are valued using New York Mercantile Exchange (NYMEX) and ICE pricing, adjusted for location basis, which are also quoted under NYMEX and ICE pricing. Equity securities consist of employee-directed investments related to an executive deferred compensation plan and actively traded money market and exchange traded funds related to the SMSP. The investments are measured using quoted prices in active markets and are held in a rabbi trust. The table below presents the carrying value and estimated fair value of financial instruments that are not reported at fair value, as of June 30, 2022, and December 31, 2021, using available market information and appropriate valuation methodologies (in thousands). June 30, 2022 December 31, 2021 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value IDACORP Assets: Notes receivable (1) $ 3,804 $ 3,804 $ 3,804 $ 3,804 Held-to-maturity securities (1) 29,308 24,959 — — Liabilities: Long-term debt, including current portion (1) 2,150,698 2,060,739 2,000,640 2,381,172 Idaho Power Assets: Held-to-maturity securities (1) 29,308 24,959 — — Liabilities: Long-term debt, including current portion (1) 2,150,698 2,060,739 2,000,640 2,381,172 (1) Notes receivable are categorized as Level 3 and held-to-maturity securities and long-term debt are categorized as Level 2 of the fair value hierarchy, as defined earlier in this Note 13 - "Fair Value Measurements." Notes receivable are related to Ida-West and are valued based on unobservable inputs, including forecasted cash flows, which are partially based on expected hydropower conditions. Held-to-maturity securities are generally valued using quoted prices which may be in non-active markets and are held in a rabbi trust. Long-term debt is not traded on an exchange and is valued using quoted rates for similar debt in active markets. Carrying values for cash and cash equivalents, deposits, customer and other receivables, notes payable, accounts payable, interest accrued, and taxes accrued approximate fair value.

SEGMENT INFORMATION_

SEGMENT INFORMATION:	6 Months Ended
	Jun. 30, 2022
Segment Reporting, Measurement Disclosures [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION IDACORP’s only reportable segment is utility operations. The utility operations segment’s primary source of revenue is the regulated operations of Idaho Power. Idaho Power’s regulated operations include the generation, transmission, distribution, purchase, and sale of electricity. This segment also includes income from IERCo, a wholly-owned subsidiary of Idaho Power that is also subject to regulation and is a one-third owner of BCC, an unconsolidated joint venture. IDACORP’s other operating segments are below the quantitative and qualitative thresholds for reportable segments and are included in the "All Other" category in the table below. This category is comprised of IFS’s investments in affordable housing and other real estate tax credit projects, Ida-West’s joint venture investments in small hydropower generation projects, and IDACORP’s holding company expenses. The table below summarizes the segment information for IDACORP’s utility operations and the total of all other segments, and reconciles this information to total enterprise amounts (in thousands). Utility All Eliminations Consolidated Three months ended June 30, 2022: Revenues $ 357,668 $ 1,055 $ — $ 358,723 Net income attributable to IDACORP, Inc. 62,435 1,852 — 64,287 Total assets as of June 30, 2022 7,229,662 288,328 (65,894) 7,452,096 Three months ended June 30, 2021: Revenues $ 359,058 $ 1,016 $ — $ 360,074 Net income attributable to IDACORP, Inc. 68,822 1,201 — 70,023 Six months ended June 30, 2022: Revenues 701,589 $ 1,422 $ — $ 703,011 Net income attributable to IDACORP, Inc. 108,649 1,899 — 110,548 Six months ended June 30, 2021: Revenues 674,625 $ 1,502 $ — $ 676,127 Net income attributable to IDACORP, Inc. 113,191 1,663 — 114,854

CHANGES IN ACCUMULATED OTHER CO

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (Notes)	6 Months Ended
	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME	CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME The table below presents changes in components of accumulated other comprehensive income (AOCI), net of tax, during the three and six months ended June 30, 2022 and 2021 (in thousands). Items in parentheses indicate charges to AOCI. Defined Benefit Pension Items Defined Benefit Pension Items Three months ended Six months ended 2022 2021 2022 2021 Balance at beginning of period $ (39,203) $ (42,522) $ (40,040) $ (43,358) Amounts reclassified out of AOCI 837 836 1,674 1,672 Balance at end of period $ (38,366) $ (41,686) $ (38,366) $ (41,686) The table below presents amounts reclassified out of components of AOCI and the income statement location of those amounts reclassified during the three and six months ended June 30, 2022 and 2021 (in thousands). Items in parentheses indicate increases to net income. Amount Reclassified from AOCI Details About AOCI Three months ended Six months ended 2022 2021 2022 2021 Amortization of defined benefit pension items (1) Prior service cost $ 69 $ 74 $ 139 $ 148 Net loss 1,058 1,052 2,115 2,103 Total before tax 1,127 1,126 2,254 2,251 Tax benefit (2) (290) (290) (580) (579) Total reclassification for the period, net of tax $ 837 $ 836 $ 1,674 $ 1,672 (1) Amortization of these items is included in IDACORP's condensed consolidated income statements in other operating expenses and in Idaho Power's condensed consolidated statements of income in other expense, net. (2) The tax benefit is included in income tax expense in the condensed consolidated statements of income of both IDACORP and Idaho Power.

CHANGES IN IDAHO POWER RETAINED

CHANGES IN IDAHO POWER RETAINED EARNINGS (Notes)	6 Months Ended
	Jun. 30, 2022
Changes in Idaho Power Retained Earnings [Abstract]
CHANGES IN IDAHO POWER RETAINED EARNINGS	CHANGES IN IDAHO POWER RETAINED EARNINGS The table below presents changes in Idaho Power retained earnings during the three and six months ended June 30, 2022 and 2021 (in thousands). Three months ended Six months ended 2022 2021 2022 2021 Balance at beginning of period $ 1,704,320 $ 1,607,583 $ 1,696,304 $ 1,599,155 Net income 62,435 68,822 108,649 113,191 Dividends to parent (38,120) (36,031) (76,318) (71,972) Balance at end of period $ 1,728,635 $ 1,640,374 $ 1,728,635 $ 1,640,374

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Organization, Consolidation, Presentation, and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Nature of Business	IDACORP is a holding company formed in 1998 whose principal operating subsidiary is Idaho Power. 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. Idaho Power is regulated primarily by the state utility regulatory commissions of Idaho and Oregon and the Federal Energy Regulatory Commission. 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 (Jim Bridger plant) owned in part by Idaho Power.
Regulation of Utility Operations	As a regulated utility, many of Idaho Power's fundamental business decisions are subject to the approval of governmental agencies, including the prices that Idaho Power is authorized to charge for its electric service. These approvals are a critical factor in determining IDACORP's and Idaho Power's results of operations and financial condition.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 or accrued as regulatory assets or regulatory liabilities on the balance sheet. Regulatory assets represent incurred costs that have been deferred because it is probable they will be recovered from customers through future rates. Regulatory liabilities represent obligations to make refunds to customers for previous collections, or represent amounts collected in advance of incurring an expense.
Financial Statements	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 condensed consolidated financial position as of June 30, 2022, condensed consolidated results of operations for the three and six months ended June 30, 2022 and 2021, and condensed consolidated cash flows for the six months ended June 30, 2022 and 2021. These adjustments are of a normal and recurring nature. These financial statements do not contain the complete detail or note disclosures 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’s and Idaho Power’s Annual Report on Form 10-K for the year ended December 31, 2021 (2021 Annual Report). 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.
Management Estimates	Management makes estimates and assumptions when preparing financial statements in conformity with generally accepted accounting principles in the United States of America (GAAP). These estimates and assumptions include those related to rate regulation, retirement benefits, contingencies, asset impairment, income taxes, unbilled revenues, and bad debt. 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. These estimates involve judgments with respect to, among other things, future economic factors that are difficult to predict and are beyond management's control. Accordingly, actual results could differ from those estimates.
New and Recently Adopted Accounting Pronouncements	There have been no recently issued accounting pronouncements that have had or are expected to have a material impact on IDACORP's or Idaho Power's condensed consolidated financial statements.
Income Tax	In accordance with interim reporting requirements, IDACORP and Idaho Power use an estimated annual effective tax rate for computing their provisions for income taxes. An estimate of annual income tax expense (or benefit) is made each interim period using estimates for annual pre-tax income, income tax adjustments, and tax credits. The estimated annual effective tax rates do not include discrete events such as tax law changes, examination settlements, accounting method changes, or adjustments to tax expense or benefits attributable to prior years. Discrete events are recorded in the interim period in which they occur or become known. The estimated annual effective tax rate is applied to year-to-date pre-tax income to determine income tax expense (or benefit) for the interim period consistent with the annual estimate. In subsequent interim periods, income tax expense (or benefit) for the period is computed as the difference between the year-to-date amount reported for the previous interim period and the current period's year-to-date amount.
Revenue Recognition	The FCA mechanism revenues include only the initial recognition of FCA revenues when they meet the regulator-specified conditions for recognition. Revenue from contracts with customers excludes the portion of the tariff price representing FCA revenues that Idaho Power initially recorded in prior periods when revenues met regulator-specified conditions. When Idaho Power includes those amounts in the price of utility service billed to customers, Idaho Power records such amounts as recovery of the associated regulatory asset or liability and not as revenues. Derivative revenues include gains from settled electricity swaps and sales of electricity under forward sales contracts that are bundled with renewable energy credits. Related to these forward sales, Idaho Power simultaneously enters into forward purchases of electricity for the same quantity at the same location, which are recorded in purchased power on the condensed consolidated statements of income.
Fair Value of Financial Instruments	IDACORP and Idaho Power have categorized their financial instruments into a three-level fair value hierarchy, based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. Financial assets and liabilities recorded on the condensed consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows: • Level 1: Financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market that IDACORP and Idaho Power have the ability to access. • Level 2: Financial assets and liabilities whose values are based on the following: a) quoted prices for similar assets or liabilities in active markets; b) quoted prices for identical or similar assets or liabilities in non-active markets; c) pricing models whose inputs are observable for substantially the full term of the asset or liability; and d) pricing models whose inputs are derived principally from or corroborated by observable market data through correlation or other means for substantially the full term of the asset or liability. IDACORP and Idaho Power Level 2 inputs are based on quoted market prices adjusted for location using corroborated, observable market data or using quoted prices which may be in non-active markets. • Level 3: Financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect management’s own assumptions about the assumptions a market participant would use in pricing the asset or liability.
Derivatives, Methods of Accounting, Derivatives Not Designated or Qualifying as Hedges [Policy Text Block]	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. Market risk may be influenced by market participants’ nonperformance of their contractual obligations and commitments, which affects the supply of or demand for the commodity. 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. The primary objectives of Idaho Power’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.
Derivatives, Reporting of Derivative Activity	Settlement gains and losses on electricity swap contracts are recorded on the income statement in operating revenues or purchased power depending on the forecasted position being economically hedged by the derivative contract. Settlement gains and losses on contracts for natural gas are reflected in fuel expense. Settlement gains and losses on diesel derivatives are recorded in other O&M expense.
Segment Reporting	IDACORP’s only reportable segment is utility operations. The utility operations segment’s primary source of revenue is the regulated operations of Idaho Power. Idaho Power’s regulated operations include the generation, transmission, distribution, purchase, and sale of electricity. This segment also includes income from IERCo, a wholly-owned subsidiary of Idaho Power that is also subject to regulation and is a one-third owner of BCC, an unconsolidated joint venture. IDACORP’s other operating segments are below the quantitative and qualitative thresholds for reportable segments and are included in the "All Other" category in the table below. This category is comprised of IFS’s investments in affordable housing and other real estate tax credit projects, Ida-West’s joint venture investments in small hydropower generation projects, and IDACORP’s holding company expenses.
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy	Receivables and Allowance for Uncollectible Accounts In response to the COVID-19 public health crisis, Idaho Power provided certain relief to customers, including temporarily suspending disconnections for customers and temporarily waiving late fees. This relief as well as the economic conditions created by the response to the COVID-19 public health crisis have resulted in higher aged accounts receivable and an increase in the number of late payments. Compared with historical levels, Idaho Power expects higher uncollectible account write-offs as a result of the COVID-19 public health crisis and, accordingly, has maintained its higher allowance for uncollectible accounts related to customer receivables at June 30, 2022. The following table provides a roll-forward of the allowance for uncollectible accounts related to customer receivables for the three months ended June 30, 2022 and 2021 (in thousands): Six months ended 2022 2021 Balance at beginning of period $ 4,499 $ 4,766 Additions to the allowance 478 369 Write-offs, net of recoveries (1,056) (883) Balance at end of period $ 3,921 $ 4,252 Allowance for uncollectible accounts as a percentage of customer receivables 4.3 % 4.8 %

INCOME TAXES_ Level 3 (Tables)

INCOME TAXES: Level 3 (Tables)	6 Months Ended
	Jun. 30, 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 six months ended June 30, 2022 and 2021 (in thousands): IDACORP Idaho Power 2022 2021 2022 2021 Income tax at statutory rates (federal and state) $ 32,140 $ 33,722 $ 32,088 $ 33,586 Excess deferred income tax reversal (5,703) (3,213) (5,703) (3,213) Other (1) (12,120) (14,353) (10,372) (13,082) Income tax expense $ 14,317 $ 16,156 $ 16,013 $ 17,291 Effective tax rate 11.5 % 12.3 % 12.8 % 13.3 %

REVENUES_ Electric utility oper

REVENUES: Electric utility operating revenues (Tables)	6 Months Ended
	Jun. 30, 2022
Revenues [Abstract]
Electric utility operating revenues [Table Text Block]	The following table provides a summary of electric utility operating revenues for IDACORP and Idaho Power for the three and six months ended June 30, 2022 and 2021 (in thousands): Three months ended Six months ended 2022 2021 2022 2021 Electric utility operating revenues: Revenue from contracts with customers $ 345,483 $ 357,461 $ 663,665 $ 648,787 Alternative revenue programs and other revenues 12,185 1,597 37,924 25,838 Total electric utility operating revenues $ 357,668 $ 359,058 $ 701,589 $ 674,625
Disaggregation of Revenue [Table Text Block]	The following table presents revenues from contracts with customers disaggregated by revenue source for the three and six months ended June 30, 2022 and 2021 (in thousands): Three months ended Six months ended 2022 2021 2022 2021 Revenues from contracts with customers: Retail revenues: Residential (includes $5,459, $(715), $15,551, and $15,107, respectively, related to the FCA) (1) $ 124,593 $ 122,633 $ 293,888 $ 277,418 Commercial (includes $304, $165, $588, and $647, respectively, related to the FCA) (1) 79,260 77,609 157,826 149,878 Industrial 51,987 48,047 101,047 93,477 Irrigation 57,659 76,799 58,700 77,885 Deferred revenue related to HCC relicensing AFUDC (2) (1,927) (1,927) (4,046) (4,046) Total retail revenues 311,572 323,161 607,415 594,612 Less: FCA mechanism revenues (1) (5,763) 550 (16,139) (15,754) Wholesale energy sales 6,980 4,308 10,015 10,567 Transmission wheeling-related revenues 18,323 15,420 34,788 29,887 Energy efficiency program revenues 6,609 6,658 13,198 15,685 Other revenues from contracts with customers 7,762 7,364 14,388 13,790 Total revenues from contracts with customers $ 345,483 $ 357,461 $ 663,665 $ 648,787 (1) The FCA mechanism is an alternative revenue program in the Idaho jurisdiction and does not represent revenue from contracts with customers. (2) The IPUC allows Idaho Power to recover a portion of the allowance for funds used during construction (AFUDC) on construction work in progress related to the Hells Canyon Complex (HCC) relicensing process, even though the relicensing process is not yet complete and the costs have not been moved to electric plant in service. Idaho Power is collecting $8.8 million annually in the Idaho jurisdiction but is deferring revenue recognition of the amounts collected until the license is issued and the accumulated license costs approved for recovery are placed in service.
Alternative revenue programs and other revenues [Table Text Block]	The table below presents the FCA mechanism revenues and other revenues for the three and six months ended June 30, 2022 and 2021 (in thousands): Three months ended Six months ended 2022 2021 2022 2021 Alternative revenue programs and other revenues: FCA mechanism revenues $ 5,763 (550) $ 16,139 $ 15,754 Derivative revenues 6,422 2,147 21,785 10,084 Total alternative revenue programs and other revenues $ 12,185 $ 1,597 $ 37,924 $ 25,838
Accounts Receivable, Allowance for Credit Loss [Table Text Block]	The following table provides a roll-forward of the allowance for uncollectible accounts related to customer receivables for the three months ended June 30, 2022 and 2021 (in thousands): Six months ended 2022 2021 Balance at beginning of period $ 4,499 $ 4,766 Additions to the allowance 478 369 Write-offs, net of recoveries (1,056) (883) Balance at end of period $ 3,921 $ 4,252 Allowance for uncollectible accounts as a percentage of customer receivables 4.3 % 4.8 %

EARNINGS PER SHARE_ Level 3 (Ta

EARNINGS PER SHARE: Level 3 (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share, Basic and Diluted [Abstract]
Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method	The table below presents the computation of IDACORP’s basic and diluted earnings per share for the three and six months ended June 30, 2022 and 2021 (in thousands, except for per share amounts). Three months ended Six months ended 2022 2021 2022 2021 Numerator: Net income attributable to IDACORP, Inc. $ 64,287 $ 70,023 $ 110,548 $ 114,854 Denominator: Weighted-average common shares outstanding - basic 50,668 50,609 50,650 50,588 Effect of dilutive securities 19 13 23 13 Weighted-average common shares outstanding - diluted 50,687 50,622 50,673 50,601 Basic earnings per share $ 1.27 $ 1.38 $ 2.18 $ 2.27 Diluted earnings per share $ 1.27 $ 1.38 $ 2.18 $ 2.27

BENEFIT PLANS_ Level 3 (Tables)

BENEFIT PLANS: Level 3 (Tables)	3 Months Ended
	Jun. 30, 2022
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	The table below shows the components of net periodic benefit costs for the pension, SMSP, and postretirement benefits plans for the three months ended June 30, 2022 and 2021 (in thousands). Pension Plan SMSP Postretirement Total 2022 2021 2022 2021 2022 2021 2022 2021 Service cost $ 12,849 $ 13,693 $ 297 $ 203 $ 266 $ 179 $ 13,412 $ 14,075 Interest cost 9,751 9,456 975 889 530 502 11,256 10,847 Expected return on plan assets (18,137) (16,024) — — (585) (597) (18,722) (16,621) Amortization of prior service cost 1 1 69 74 (2) 12 68 87 Amortization of net loss 2,589 6,225 1,058 1,052 (5) — 3,642 7,277 Net periodic benefit cost 7,053 13,351 2,399 2,218 204 96 9,656 15,665 Regulatory deferral of net periodic benefit cost (1) (6,727) (12,787) — — — — (6,727) (12,787) Previously deferred pension costs recognized (1) 4,289 4,289 — — — — 4,289 4,289 Net periodic benefit cost recognized for financial reporting (1)(2) $ 4,615 $ 4,853 $ 2,399 $ 2,218 $ 204 $ 96 $ 7,218 $ 7,167 (1) Net periodic benefit costs for the pension plan are recognized for financial reporting based upon the authorization of each regulatory jurisdiction in which Idaho Power operates. Under IPUC order, the Idaho portion of net periodic benefit cost is recorded as a regulatory asset and is recognized in the income statement as those costs are recovered through rates. (2) Of total net periodic benefit cost recognized for financial reporting, $5.0 million and $4.5 million, respectively, were recognized in "Other operations and maintenance" and $2.2 million and $2.6 million, respectively, were recognized in "Other income, net" on the condensed consolidated statements of income of the companies for the three months ended June 30, 2022 and 2021. The table below shows the components of net periodic benefit costs for the pension, SMSP, and postretirement benefits plans for the six months ended June 30, 2022 and 2021 (in thousands). Pension Plan SMSP Postretirement Total 2022 2021 2022 2021 2022 2021 2022 2021 Service cost $ 26,013 $ 27,101 $ 593 $ 406 $ 536 $ 532 $ 27,142 $ 28,039 Interest cost 19,835 18,659 1,949 1,778 1,056 1,030 22,840 21,467 Expected return on plan assets (36,174) (32,045) — — (1,176) (1,198) (37,350) (33,243) Amortization of prior service cost 3 3 139 148 (3) 24 139 175 Amortization of net loss 6,137 11,898 2,115 2,103 (16) — 8,236 14,001 Net periodic benefit cost 15,814 25,616 4,796 4,435 397 388 21,007 30,439 Regulatory deferral of net periodic benefit cost (1) (15,100) (24,482) — — — — (15,100) (24,482) Previously deferred pension costs recognized (1) 8,577 8,577 — — — — 8,577 8,577 Net periodic benefit cost recognized for financial reporting (1)(2) $ 9,291 $ 9,711 $ 4,796 $ 4,435 $ 397 $ 388 $ 14,484 $ 14,534 (1) Net periodic benefit costs for the pension plan are recognized for financial reporting based upon the authorization of each regulatory jurisdiction in which Idaho Power operates. Under IPUC order, the Idaho portion of net periodic benefit cost is recorded as a regulatory asset and is recognized in the income statement as those costs are recovered through rates. (2) Of total net periodic benefit cost recognized for financial reporting, $9.9 million and $9.3 million, respectively, were recognized in "Other operations and maintenance" and $4.6 million and $5.2 million, respectively, were recognized in "Other income, net" on the condensed consolidated statements of income of the companies for the six months ended June 30, 2022 and 2021.

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS: Level 3 (Tables)	6 Months Ended
	Jun. 30, 2022
Summary of Derivative Instruments [Abstract]
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The table below presents the gains and losses on derivatives not designated as hedging instruments for the three and six months ended June 30, 2022 and 2021 (in thousands). Gain/(Loss) on Derivatives Recognized in Income (1) Location of Realized Gain/(Loss) on Derivatives Recognized in Income Three months ended Six months ended 2022 2021 2022 2021 Financial swaps Operating revenues $ (1,577) $ — $ (995) $ — Financial swaps Purchased power (1,197) — (1,081) 249 Financial swaps Fuel expense 2,991 903 4,451 1,636 Forward contracts Operating revenues 32 26 211 73 Forward contracts Purchased power (31) (26) (210) (73) Forward contracts Fuel expense (9) 2 (62) 1 (1) Excludes unrealized gains or losses on derivatives, which are recorded on the balance sheet as regulatory assets or regulatory liabilities.
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The table below presents the fair values and locations of derivative instruments not designated as hedging instruments recorded on the balance sheets and reconciles the gross amounts of derivatives recognized as assets and as liabilities to the net amounts presented in the balance sheets at June 30, 2022, and December 31, 2021 (in thousands). Asset Derivatives Liability Derivatives Balance Sheet Location Gross Fair Value Amounts Offset Net Assets Gross Fair Value Amounts Offset Net Liabilities June 30, 2022 Current: Financial swaps Other current assets $ 15,496 $ — $ 15,496 $ — $ — $ — Financial swaps Other current liabilities 9,052 (9,052) — 9,229 (9,052) 177 Forward contracts Other current liabilities — — — 2,095 — 2,095 Long-term: Financial swaps Other assets 5,854 (1,509) 4,345 1,509 (1,509) — Forward contracts Other liabilities — — — 3,194 — 3,194 Total $ 30,402 $ (10,561) $ 19,841 $ 16,027 $ (10,561) $ 5,466 December 31, 2021 Current: Financial swaps Other current assets $ 10,599 $ (4,893) (1) $ 5,706 $ 2,910 $ (2,910) $ — Financial swaps Other current liabilities — — — 20 — 20 Forward contracts Other current assets 6 (4) 2 4 (4) — Forward contracts Other current liabilities — — — 1,970 — 1,970 Long-term: Financial swaps Other assets 899 (9) 890 9 (9) — Financial swaps Other liabilities — — — 14 — 14 Forward contracts Other liabilities — — — 3,743 — 3,743 Total $ 11,504 $ (4,906) $ 6,598 $ 8,670 $ (2,923) $ 5,747 (1) Current asset derivative amounts offset includes $2.0 million of collateral payable at December 31, 2021.
Schedule of Derivative Instruments	The table below presents the volume of derivative commodity forward contracts and swaps outstanding at June 30, 2022 and 2021 (in thousands of units). June 30, Commodity Units 2022 2021 Electricity purchases MWh 541 254 Electricity sales MWh 118 10 Natural gas purchases MMBtu 21,215 14,455 Natural gas sales MMBtu — 75

FAIR VALUE MEASUREMENTS_ Level

FAIR VALUE MEASUREMENTS: Level 3 (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The table below presents information about IDACORP’s and Idaho Power’s assets and liabilities measured at fair value on a recurring basis as of June 30, 2022, and December 31, 2021 (in thousands). June 30, 2022 December 31, 2021 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Money market funds IDACORP (1) $ 76,279 $ — $ — $ 76,279 $ 80,406 $ — $ — $ 80,406 Idaho Power 42,845 — — 42,845 10,393 — — 10,393 Derivatives 19,841 — — 19,841 6,596 2 — 6,598 Equity securities 27,408 — — 27,408 54,431 — — 54,431 IDACORP assets measured at NAV (not subject to hierarchy disclosure) (1) — — — 2,063 — — — 1,363 Liabilities: Derivatives 177 5,289 — 5,466 34 5,713 — 5,747 (1) Holding company only. Does not include amounts held by Idaho Power.
Fair Value, by Balance Sheet Grouping [Table Text Block]	The table below presents the carrying value and estimated fair value of financial instruments that are not reported at fair value, as of June 30, 2022, and December 31, 2021, using available market information and appropriate valuation methodologies (in thousands). June 30, 2022 December 31, 2021 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value IDACORP Assets: Notes receivable (1) $ 3,804 $ 3,804 $ 3,804 $ 3,804 Held-to-maturity securities (1) 29,308 24,959 — — Liabilities: Long-term debt, including current portion (1) 2,150,698 2,060,739 2,000,640 2,381,172 Idaho Power Assets: Held-to-maturity securities (1) 29,308 24,959 — — Liabilities: Long-term debt, including current portion (1) 2,150,698 2,060,739 2,000,640 2,381,172 (1) Notes receivable are categorized as Level 3 and held-to-maturity securities and long-term debt are categorized as Level 2 of the fair value hierarchy, as defined earlier in this Note 13 - "Fair Value Measurements."

SEGMENT INFORMATION_ Level 3 (T

SEGMENT INFORMATION: Level 3 (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Information [Abstract]
Schedule of Segment Reporting Information, by Segment	The table below summarizes the segment information for IDACORP’s utility operations and the total of all other segments, and reconciles this information to total enterprise amounts (in thousands). Utility All Eliminations Consolidated Three months ended June 30, 2022: Revenues $ 357,668 $ 1,055 $ — $ 358,723 Net income attributable to IDACORP, Inc. 62,435 1,852 — 64,287 Total assets as of June 30, 2022 7,229,662 288,328 (65,894) 7,452,096 Three months ended June 30, 2021: Revenues $ 359,058 $ 1,016 $ — $ 360,074 Net income attributable to IDACORP, Inc. 68,822 1,201 — 70,023 Six months ended June 30, 2022: Revenues 701,589 $ 1,422 $ — $ 703,011 Net income attributable to IDACORP, Inc. 108,649 1,899 — 110,548 Six months ended June 30, 2021: Revenues 674,625 $ 1,502 $ — $ 676,127 Net income attributable to IDACORP, Inc. 113,191 1,663 — 114,854

CHANGES IN ACCUMULATED OTHER _2

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	6 Months Ended
	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The table below presents changes in components of accumulated other comprehensive income (AOCI), net of tax, during the three and six months ended June 30, 2022 and 2021 (in thousands). Items in parentheses indicate charges to AOCI. Defined Benefit Pension Items Defined Benefit Pension Items Three months ended Six months ended 2022 2021 2022 2021 Balance at beginning of period $ (39,203) $ (42,522) $ (40,040) $ (43,358) Amounts reclassified out of AOCI 837 836 1,674 1,672 Balance at end of period $ (38,366) $ (41,686) $ (38,366) $ (41,686)
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	The table below presents amounts reclassified out of components of AOCI and the income statement location of those amounts reclassified during the three and six months ended June 30, 2022 and 2021 (in thousands). Items in parentheses indicate increases to net income. Amount Reclassified from AOCI Details About AOCI Three months ended Six months ended 2022 2021 2022 2021 Amortization of defined benefit pension items (1) Prior service cost $ 69 $ 74 $ 139 $ 148 Net loss 1,058 1,052 2,115 2,103 Total before tax 1,127 1,126 2,254 2,251 Tax benefit (2) (290) (290) (580) (579) Total reclassification for the period, net of tax $ 837 $ 836 $ 1,674 $ 1,672 (1) Amortization of these items is included in IDACORP's condensed consolidated income statements in other operating expenses and in Idaho Power's condensed consolidated statements of income in other expense, net. (2) The tax benefit is included in income tax expense in the condensed consolidated statements of income of both IDACORP and Idaho Power.

CHANGES IN IDAHO POWER RETAIN_2

CHANGES IN IDAHO POWER RETAINED EARNINGS (Tables)	6 Months Ended
	Jun. 30, 2022
Changes in Idaho Power Retained Earnings [Abstract]
Changes in Idaho Power Retained Earnings Table	Three months ended Six months ended 2022 2021 2022 2021 Balance at beginning of period $ 1,704,320 $ 1,607,583 $ 1,696,304 $ 1,599,155 Net income 62,435 68,822 108,649 113,191 Dividends to parent (38,120) (36,031) (76,318) (71,972) Balance at end of period $ 1,728,635 $ 1,640,374 $ 1,728,635 $ 1,640,374

INCOME TAXES_ Level 4 (Details)

INCOME TAXES: Level 4 (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Expense [Line Items]
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount				$ 32,140	$ 33,722
Excess deferred income tax reversal				(5,703)	(3,213)
Other	[1]			(12,120)	(14,353)
Income Tax Expense		$ 8,291	$ 11,070	$ 14,317	$ 16,156
Effective tax rate				11.50%	12.30%
Idaho Power Company [Member]
Income Tax Expense [Line Items]
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount				$ 32,088	$ 33,586
Excess deferred income tax reversal				(5,703)	(3,213)
Other	[1]			(10,372)	(13,082)
Income Tax Expense		$ 9,316	$ 11,419	$ 16,013	$ 17,291
Effective tax rate				12.80%	13.30%
[1]"Other" is primarily comprised of the net tax effect of Idaho Power's regulatory flow-through tax adjustments.

REGULATORY MATTERS_ Level 4 (De

REGULATORY MATTERS: Level 4 (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 01, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	May 31, 2023	Sep. 30, 2021	Jun. 01, 2021	Jun. 01, 2020	Apr. 30, 2018	Oct. 31, 2014
Regulatory Matters
Net Income Attributable to IDACORP, Inc.		$ 64,287	$ 70,023	$ 110,548	$ 114,854
Idaho Power Company [Member]
Regulatory Matters
Net Income Attributable to IDACORP, Inc.		62,435	$ 68,822	108,649	113,191
Settlement Stipulation - Investment Tax Credits and Idaho Sharing Mechanism
Regulatory Matters
Additional accumulated deferred investment tax credits (ADITC) amortization		0			$ 0
Idaho fixed cost adjustment mechanism
Regulatory Matters
Percentage cap on the FCA adjustment									3%
Idaho Jurisdiction Fixed Cost Adjustment
Regulatory Matters
Annual fixed cost adjustment mechanism deferral	$ 35,200							$ 38,300
Subsequent Event | Idaho Power Cost Adjustment
Regulatory Matters
Public Utilities, Approved Rate Increase (Decrease), Amount						$ 94,900
Subsequent Event | Idaho Jurisdiction Fixed Cost Adjustment
Regulatory Matters
Public Utilities, Requested Rate Increase (Decrease), Amount						(3,100)
IDAHO | May 2018 Tax Reform Settlement Stipulation
Regulatory Matters
Minimum authorized return on equity										9.40%
Target authorized return on equity										10%
IDAHO | October 2014 Idaho Settlement Stipulation
Regulatory Matters
Investment Tax Credits, Maximum, in Rate Case											$ 45,000
IDAHO | Jim Bridger Plant
Regulatory Matters
Public Utilities, Requested Rate Increase (Decrease), Percentage	2.10%
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount	$ 27,100
Public Utilities, Approved Rate Increase (Decrease), Percentage	1.50%
Public Utilities, Approved Rate Increase (Decrease), Amount	$ 18,800
IDAHO | Jim Bridger Plant | Idaho Power Company [Member]
Regulatory Matters
Net Income Attributable to IDACORP, Inc.				9,000
IDAHO | Wildfire mitigation plan costs
Regulatory Matters
Requested deferral of costs		$ 14,800		$ 14,800
IDAHO | Wildfire mitigation plan costs | Plant in service
Regulatory Matters
Requested deferral of costs							$ 35,000
IDAHO | Wildfire mitigation plan costs | Other Operating and Maintenance Expenses
Regulatory Matters
Requested deferral of costs							$ 47,000
IDAHO | Subsequent Event | May 2018 Tax Reform Settlement Stipulation
Regulatory Matters
Public Utilities, Approved Rate Increase (Decrease), Amount						$ (600)

REVENUES_ Electric utility op_2

REVENUES: Electric utility operating revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues [Abstract]
Revenue from contracts with customers	$ 345,483	$ 357,461	$ 663,665	$ 648,787
Alternative revenue programs and other revenues	12,185	1,597	37,924	25,838
Electric utility revenues	$ 357,668	$ 359,058	$ 701,589	$ 674,625

REVENUES_ (Details)

REVENUES: (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers		$ 345,483	$ 357,461	$ 663,665	$ 648,787
Alternative revenue programs and other revenues		(12,185)	(1,597)	(37,924)	(25,838)
Retail revenues
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers		311,572	323,161	607,415	594,612
Idaho fixed cost adjustment mechanism
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	[1]	(5,763)	550	(16,139)	(15,754)
Alternative revenue programs and other revenues		(5,763)	(550)	(16,139)	(15,754)
Wholesale energy sales
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers		6,980	4,308	10,015	10,567
Transmission Service Agreement
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers		18,323	15,420	34,788	29,887
Energy efficiency program revenues
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers		6,609	6,658	13,198	15,685
Other revenues
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers		7,762	7,364	14,388	13,790
Derivative revenues
Disaggregation of Revenue [Line Items]
Alternative revenue programs and other revenues		(6,422)	(2,147)	(21,785)	(10,084)
Residential Retail Revenue | Retail revenues
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	[1]	124,593	122,633	293,888	277,418
Residential Retail Revenue | Idaho fixed cost adjustment mechanism
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers		5,459	(715)	15,551	15,107
Commercial Retail Revenue | Retail revenues
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	[1]	79,260	77,609	157,826	149,878
Commercial Retail Revenue | Idaho fixed cost adjustment mechanism
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers		304	165	588	647
Industrial Retail Revenue | Retail revenues
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers		51,987	48,047	101,047	93,477
Irrigation Retail Revenue | Retail revenues
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers		57,659	76,799	58,700	77,885
Deferred revenue-AFUDC | Retail revenues
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	[2]	(1,927)	$ (1,927)	(4,046)	$ (4,046)
IPUC authorized AFUDC Collection HCC Relicensing - Gross | Idaho Power Company [Member] | Hells Canyon Complex
Disaggregation of Revenue [Line Items]
Regulatory liabilities		$ (8,800)		$ (8,800)
[1]The FCA mechanism is an alternative revenue program in the Idaho jurisdiction and does not represent revenue from contracts with customers.[2]The IPUC allows Idaho Power to recover a portion of the allowance for funds used during construction (AFUDC) on construction work in progress related to the Hells Canyon Complex (HCC) relicensing process, even though the relicensing process is not yet complete and the costs have not been moved to electric plant in service. Idaho Power is collecting $8.8 million annually in the Idaho jurisdiction but is deferring revenue recognition of the amounts collected until the license is issued and the accumulated license costs approved for recovery are placed in service.

REVENUES_ Receivables and Allow

REVENUES: Receivables and Allowance for Uncollectible Accounts (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 4,499	$ 4,766
Additions to the allowance	478	369
Write-offs, net of recoveries	(1,056)	(883)
Balance at end of period	$ 3,921	$ 4,252
Allowance for uncollectible accounts as a percentage of customer receivables	4.30%	4.80%

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - Term Loan Facility - Unsecured Debt - USD ($) $ in Thousands	May 04, 2022	Jun. 30, 2022
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 150,000
Debt Instrument, Term	2 years
Long-term Line of Credit, Noncurrent		$ 150,000

COMMON STOCK_ Level 4 (Details)

COMMON STOCK: Level 4 (Details) $ in Billions	6 Months Ended
	Jun. 30, 2022 USD ($) shares
Idaho Power Company [Member]
Shareholders' equity
Ratio of Indebtedness to Net Capital	0.46
Dividend Distribution Restriction Amount | $	$ 1.3
Dividend Distribution Restriction Threshold	0.35
Ratio of total Capital to total capital and long-term debt	0.54
Preferred Stock, Shares Outstanding	0
IDACORP
Shareholders' equity
Restricted Stock Unit Awards to Employees	73,131
Stock Issued During Period, Shares, New Issues	43,561
Maximum leverage ratio requirement	0.65
Ratio of Indebtedness to Net Capital	0.44
Dividend Distribution Restriction Amount | $	$ 1.6
IDACORP | Directors
Shareholders' equity
Stock Issued During Period, Shares, New Issues	8,674

EARNINGS PER SHARE_ Level 4 (De

EARNINGS PER SHARE: Level 4 (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Net Income Attributable to IDACORP, Inc.	$ 64,287	$ 70,023	$ 110,548	$ 114,854
Denominator:
Weighted-average common shares outstanding - basic	50,668	50,609	50,650	50,588
Effect of dilutive securities	19	13	23	13
Weighted-average common shares outstanding - diluted	50,687	50,622	50,673	50,601
Earnings attributable to IDACORP, Inc. - basic (in dollars per share)	$ 1.27	$ 1.38	$ 2.18	$ 2.27
Earnings attributable to IDACORP, Inc. - diluted (in dollars per share)	$ 1.27	$ 1.38	$ 2.18	$ 2.27

COMMITMENTS_ Level 4 (Details)

COMMITMENTS: Level 4 (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($) long-termPurchaseObligation
Idaho Power Company [Member]
Guarantor Obligations
IERCo guarantee of BCC reclamation obligation	$ 50.8
Idaho Power Company [Member] | Solar Facility Purchase Commitment
Long-term Commitment (Excluding Unconditional Purchase Obligation) [Abstract]
Number Of Long-term Purchase Obligations Acquired | long-termPurchaseObligation	1
Idaho Power Company [Member] | Cogeneration And Power Production Purchase Commitment Member
Long-term Commitment (Excluding Unconditional Purchase Obligation) [Abstract]
Number Of Long-term Purchase Obligations Acquired | long-termPurchaseObligation	1
Increase of Long-term Purchase Obligations, PURPA	$ 86
Long-term Purchase Commitment, Period	20 years
Idaho Power Company [Member] | Contracts To Acquire And Own Battery Storage Assets Commitment
Long-term Commitment (Excluding Unconditional Purchase Obligation) [Abstract]
Increase of Long-term Purchase Obligations, PURPA	$ 137
Long-term Purchase Commitment, Period	1 year
Payments to Acquire Productive Assets	$ 35
Bridger Coal Company
Guarantor Obligations
IERCo guarantee of BCC reclamation obligation	152.5
Guarantor Obligations Total Reclamation Trust Fund	183.9
Distribution from Reclamation Trust Fund	$ 1.1

BENEFIT PLANS_ Level 4 (Details

BENEFIT PLANS: Level 4 (Details) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended		6 Months Ended
		Jul. 31, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan Disclosure
Service cost			$ 13,412	$ 14,075	$ 27,142	$ 28,039
Interest cost			11,256	10,847	22,840	21,467
Expected return on plan assets			(18,722)	(16,621)	(37,350)	(33,243)
Amortization of prior service cost			68	87	139	175
Amortization of net loss			3,642	7,277	8,236	14,001
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)			9,656	15,665	21,007	30,439
Regulatory deferral of net periodic benefit cost	[1]		(6,727)	(12,787)	(15,100)	(24,482)
IPUC Authorized recovered pension cost	[1]		4,289	4,289	8,577	8,577
Net periodic benefit cost recognized for financial reporting	[1],[2]		7,218	7,167	14,484	14,534
Net Periodic Benefit cost recognize in Other operations and maintenance			5,000	4,500	9,900	9,300
Net Periodic Benefit cost recognized in other expense, net			2,200	2,600	4,600	5,200
Pension Plan
Defined Benefit Plan Disclosure
Service cost			12,849	13,693	26,013	27,101
Interest cost			9,751	9,456	19,835	18,659
Expected return on plan assets			(18,137)	(16,024)	(36,174)	(32,045)
Amortization of prior service cost			1	1	3	3
Amortization of net loss			2,589	6,225	6,137	11,898
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)			7,053	13,351	15,814	25,616
Regulatory deferral of net periodic benefit cost	[1]		(6,727)	(12,787)	(15,100)	(24,482)
IPUC Authorized recovered pension cost	[1]		4,289	4,289	8,577	8,577
Net periodic benefit cost recognized for financial reporting	[1],[2]		4,615	4,853	9,291	9,711
Pension Plan | Idaho Power Company [Member]
Defined Benefit Plan Disclosure
Defined Benefit Plan, Contributions by Employer					10,000
Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year			20,000		20,000
Pension Plan | Subsequent Event | Idaho Power Company [Member]
Defined Benefit Plan Disclosure
Defined Benefit Plan, Contributions by Employer		$ 10,000
Senior Management Security Plan
Defined Benefit Plan Disclosure
Service cost			297	203	593	406
Interest cost			975	889	1,949	1,778
Expected return on plan assets			0	0	0	0
Amortization of prior service cost			69	74	139	148
Amortization of net loss			1,058	1,052	2,115	2,103
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)			2,399	2,218	4,796	4,435
Net periodic benefit cost recognized for financial reporting			2,399	2,218	4,796	4,435
Postretirement Benefits Plan
Defined Benefit Plan Disclosure
Service cost			266	179	536	532
Interest cost			530	502	1,056	1,030
Expected return on plan assets			(585)	(597)	(1,176)	(1,198)
Amortization of prior service cost			(2)	12	(3)	24
Amortization of net loss			(5)	0	(16)	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)			204	96	397	388
Net periodic benefit cost recognized for financial reporting			$ 204	$ 96	$ 397	$ 388
[1]Net periodic benefit costs for the pension plan are recognized for financial reporting based upon the authorization of each regulatory jurisdiction in which Idaho Power operates. Under IPUC order, the Idaho portion of net periodic benefit cost is recorded as a regulatory asset and is recognized in the income statement as those costs are recovered through rates.[2]Of total net periodic benefit cost recognized for financial reporting, $5.0 million and $4.5 million, respectively, were recognized in "Other operations and maintenance" and $2.2 million and $2.6 million, respectively, were recognized in "Other income, net" on the condensed consolidated statements of income of the companies for the three months ended June 30, 2022 and 2021.

Investments, Debt and Equity Se

Investments, Debt and Equity Securities (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2022	Jun. 30, 2022	Jun. 30, 2021
Schedule of Held-to-maturity Securities [Line Items]
Purchases of held-to-maturity securities		$ (29,692)	$ 0
Corporate Fixed-Income And Asset-Backed Debt Securities
Schedule of Held-to-maturity Securities [Line Items]
Purchases of held-to-maturity securities	$ 29,700
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value		$ 4,300

Derivative Instruments Gains (L

Derivative Instruments Gains (Loss) on Derivatives Recognized in Income (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022	[1]	Jun. 30, 2021	[1]	Jun. 30, 2022	Jun. 30, 2021
Financial Swaps | Operating revenues
Derivative Instruments, Gain (Loss)
Derivative, gain (loss) on derivative, net	$ (1,577)		$ 0		$ (995)	$ 0
Financial Swaps | Purchased power
Derivative Instruments, Gain (Loss)
Derivative, gain (loss) on derivative, net	(1,197)		0		(1,081)	249
Financial Swaps | Operating Expense
Derivative Instruments, Gain (Loss)
Derivative, gain (loss) on derivative, net	2,991		903		4,451	1,636
Forward contracts | Operating revenues
Derivative Instruments, Gain (Loss)
Derivative, gain (loss) on derivative, net	32		26		211	73
Forward contracts | Purchased power
Derivative Instruments, Gain (Loss)
Derivative, gain (loss) on derivative, net	(31)		(26)		(210)	(73)
Forward contracts | Operating Expense
Derivative Instruments, Gain (Loss)
Derivative, gain (loss) on derivative, net	$ (9)		$ 2		$ (62)	$ 1
[1]Excludes unrealized gains or losses on derivatives, which are recorded on the balance sheet as regulatory assets or regulatory liabilities.

Derivative Instruments Fair Val

Derivative Instruments Fair Value and Offsets Table (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 30,402	$ 11,504
Derivative Asset, Fair Value, Gross Liability	(10,561)	(4,906)
Derivative Asset, Fair Value, Amount Offset Against Collateral	19,841	6,598
Derivative Liability, Fair Value, Gross Liability	16,027	8,670
Derivative Liability, Fair Value, Gross Asset	(10,561)	(2,923)
Derivative Liability, Fair Value, Amount Offset Against Collateral	5,466	5,747
Derivative Asset, Collateral, Obligation to Return Cash, Offset		2,000
Financial Swaps | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	15,496	10,599
Derivative Asset, Fair Value, Gross Liability	0	(4,893)	[1]
Derivative Asset, Fair Value, Amount Offset Against Collateral	15,496	5,706
Derivative Liability, Fair Value, Gross Liability	0	2,910
Derivative Liability, Fair Value, Gross Asset	0	(2,910)
Derivative Liability, Fair Value, Amount Offset Against Collateral	0	0
Financial Swaps | Other Current Liabilities
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	9,052	0
Derivative Asset, Fair Value, Gross Liability	(9,052)	0
Derivative Asset, Fair Value, Amount Offset Against Collateral	0	0
Derivative Liability, Fair Value, Gross Liability	9,229	20
Derivative Liability, Fair Value, Gross Asset	(9,052)	0
Derivative Liability, Fair Value, Amount Offset Against Collateral	177	20
Financial Swaps | Other Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	5,854	899
Derivative Asset, Fair Value, Gross Liability	(1,509)	(9)
Derivative Asset, Fair Value, Amount Offset Against Collateral	4,345	890
Derivative Liability, Fair Value, Gross Liability	1,509	9
Derivative Liability, Fair Value, Gross Asset	(1,509)	(9)
Derivative Liability, Fair Value, Amount Offset Against Collateral	0	0
Financial Swaps | Other Liabilities
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset		0
Derivative Asset, Fair Value, Gross Liability		0
Derivative Asset, Fair Value, Amount Offset Against Collateral		0
Derivative Liability, Fair Value, Gross Liability		14
Derivative Liability, Fair Value, Gross Asset		0
Derivative Liability, Fair Value, Amount Offset Against Collateral		14
Forward contracts | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset		6
Derivative Asset, Fair Value, Gross Liability		(4)
Derivative Asset, Fair Value, Amount Offset Against Collateral		2
Derivative Liability, Fair Value, Gross Liability		4
Derivative Liability, Fair Value, Gross Asset		(4)
Derivative Liability, Fair Value, Amount Offset Against Collateral		0
Forward contracts | Other Current Liabilities
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Asset, Fair Value, Gross Liability	0	0
Derivative Asset, Fair Value, Amount Offset Against Collateral	0	0
Derivative Liability, Fair Value, Gross Liability	2,095	1,970
Derivative Liability, Fair Value, Gross Asset	0	0
Derivative Liability, Fair Value, Amount Offset Against Collateral	2,095	1,970
Forward contracts | Other Liabilities
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Asset, Fair Value, Gross Liability	0	0
Derivative Asset, Fair Value, Amount Offset Against Collateral	0	0
Derivative Liability, Fair Value, Gross Liability	3,194	3,743
Derivative Liability, Fair Value, Gross Asset	0	0
Derivative Liability, Fair Value, Amount Offset Against Collateral	$ 3,194	$ 3,743
[1]Excludes unrealized gains or losses on derivatives, which are recorded on the balance sheet as regulatory assets or regulatory liabilities.

Derivative Commodities and Disc

Derivative Commodities and Disclosures (Details) MWh in Thousands, MMBTU in Thousands	Jun. 30, 2022 MWh MMBTU	Jun. 30, 2021 MWh MMBTU
Electricity (MWh) | Long
Derivative
Derivative, Number of Instruments Held | MWh	541	254
Electricity (MWh) | Short
Derivative
Derivative, Number of Instruments Held | MWh	118	10
Natural Gas (MMBTU) | Long
Derivative
Derivative, Number of Instruments Held | MMBTU	21,215	14,455
Natural Gas (MMBTU) | Short
Derivative
Derivative, Number of Instruments Held | MMBTU	0	75

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS: - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives in a net liability position	$ 9.3
Collateral Already Posted, Aggregate Fair Value	1.2
Additional Collateral, Aggregate Fair Value	$ 7.3
Derivative Asset, Collateral, Obligation to Return Cash, Offset		$ 2

FAIR VALUE MEASUREMENTS_ Leve_2

FAIR VALUE MEASUREMENTS: Level 4 (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	[1]	$ 76,279	$ 80,406
Derivative Assets		19,841	6,598
Equity Securities, FV-NI		27,408	54,431
Derivative Liabilities		5,466	5,747
Idaho Power Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds		42,845	10,393
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	[1]	76,279	80,406
Derivative Assets		19,841	6,596
Equity Securities, FV-NI		27,408	54,431
Assets, Fair Value Disclosure		0	0
Derivative Liabilities		177	34
Fair Value, Inputs, Level 1 [Member] | Idaho Power Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds		42,845	10,393
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	[1]	0	0
Derivative Assets		0	2
Equity Securities, FV-NI		0	0
Assets, Fair Value Disclosure		0	0
Derivative Liabilities		5,289	5,713
Fair Value, Inputs, Level 2 [Member] | Idaho Power Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds		0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	[1]	0	0
Derivative Assets		0	0
Equity Securities, FV-NI		0	0
Assets, Fair Value Disclosure		0	0
Derivative Liabilities		0	0
Fair Value, Inputs, Level 3 [Member] | Idaho Power Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds		0	0
Fair Value Measured at Net Asset Value Per Share
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	[1]	$ 2,063	$ 1,363
[1]Holding company only. Does not include amounts held by Idaho Power.

FAIR VALUE MEASUREMENTS_ Fair V

FAIR VALUE MEASUREMENTS: Fair Value, by Balance Sheet Grouping (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes Receivable	[1]	$ 3,804	$ 3,804
Held-to-maturity securities	[1]	29,308	0
Long-term debt	[1]	2,150,698	2,000,640
Carrying Amount | Idaho Power Company [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity securities	[1]	29,308	0
Long-term debt	[1]	2,150,698	2,000,640
Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes Receivable	[1]	3,804	3,804
Held-to-maturity securities	[1]	24,959	0
Long-term debt	[1]	2,060,739	2,381,172
Estimated Fair Value | Idaho Power Company [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity securities	[1]	24,959	0
Long-term debt	[1]	$ 2,060,739	$ 2,381,172
[1]Notes receivable are categorized as Level 3 and held-to-maturity securities and long-term debt are categorized as Level 2 of the fair value hierarchy, as defined earlier in this Note 13 - "Fair Value Measurements."

SEGMENT INFORMATION_ Level 4 (D

SEGMENT INFORMATION: Level 4 (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Segment Reporting Information
Total operating revenues	$ 358,723	$ 360,074	$ 703,011	$ 676,127
Net Income Attributable to IDACORP, Inc.	64,287	70,023	110,548	114,854
Total assets	7,452,096		7,452,096		$ 7,210,515
Eliminations
Segment Reporting Information
Total operating revenues	0	0	0	0
Net Income Attributable to IDACORP, Inc.	0	0	0	0
Total assets	(65,894)		(65,894)
Utility Operations
Segment Reporting Information
Net Income Attributable to IDACORP, Inc.			108,649	113,191
Utility Operations | Operating Segments
Segment Reporting Information
Total operating revenues	357,668	359,058	701,589	674,625
Net Income Attributable to IDACORP, Inc.	62,435	68,822
Total assets	7,229,662		7,229,662
All Other | Operating Segments
Segment Reporting Information
Total operating revenues	1,055	1,016	1,422	1,502
Net Income Attributable to IDACORP, Inc.	1,852	$ 1,201	1,899	$ 1,663
Total assets	$ 288,328		$ 288,328

CHANGES IN ACCUMULATED OTHER _3

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Increase (Decrease) in Accumulated Other Comprehensive Income [Roll Forward]
AOCI - Beginning Balance				$ (40,040)
AOCI - Ending Balance		$ (38,366)		(38,366)
Accumulated Defined Benefit Pension Items
Increase (Decrease) in Accumulated Other Comprehensive Income [Roll Forward]
AOCI - Beginning Balance		(39,203)	$ (42,522)	(40,040)	$ (43,358)
Reclassifications		837	836	1,674	1,672
AOCI - Ending Balance		(38,366)	(41,686)	(38,366)	(41,686)
Reclassification out of Accumulated Other Comprehensive Income
Amortization of prior service cost	[1]	69	74	139	148
Amortization of net loss	[1]	1,058	1,052	2,115	2,103
Total reclassification, before tax - pension and postretirement benefits		1,127	1,126	2,254	2,251
Tax benefit	[2]	(290)	(290)	(580)	(579)
Reclassifications		$ 837	$ 836	$ 1,674	$ 1,672
[1]Amortization of these items is included in IDACORP's condensed consolidated income statements in other operating expenses and in Idaho Power's condensed consolidated statements of income in other expense, net.[2]The tax benefit is included in income tax expense in the condensed consolidated statements of income of both IDACORP and Idaho Power.

CHANGES IN IDAHO POWER RETAIN_3

CHANGES IN IDAHO POWER RETAINED EARNINGS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Retained Earnings Roll Forward [Roll Forward]
Balance at beginning of period			$ 1,833,580
Net Income Attributable to IDACORP, Inc.	$ 64,287	$ 70,023	110,548	$ 114,854
Dividends to parent			(76,339)	(72,285)
Balance at end of period	1,867,811		1,867,811
Idaho Power Company [Member]
Retained Earnings Roll Forward [Roll Forward]
Balance at beginning of period	1,704,320	1,607,583	1,696,304	1,599,155
Net Income Attributable to IDACORP, Inc.	62,435	68,822	108,649	113,191
Dividends to parent	(38,120)	(36,031)	(76,318)	(71,972)
Balance at end of period	$ 1,728,635	$ 1,640,374	$ 1,728,635	$ 1,640,374