XML 72 R53.htm IDEA: XBRL DOCUMENT v3.24.2.u1
BENEFIT PLANS: Level 4 (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Defined Benefit Plan Disclosure        
Service cost $ 8,631 $ 8,382 $ 17,242 $ 16,791
Interest cost 14,848 14,702 29,665 29,460
Expected return on plan assets (17,291) (15,841) (34,576) (31,694)
Amortization of prior service cost 504 473 1,008 946
Amortization of net loss (25) (203) (92) (333)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) 6,667 7,513 13,247 15,170
Regulatory deferral of net periodic benefit cost [1] (4,025) (5,061) (8,051) (10,121)
IPUC Authorized recovered pension cost [1] 8,795 4,289 17,591 8,577
Net periodic benefit cost recognized for financial reporting [1],[2] 11,437 6,741 22,787 13,626
Net Periodic Benefit cost recognize in Other operations and maintenance 9,500 5,100 18,800 10,400
Net Periodic Benefit cost recognized in other expense, net 1,900 1,600 4,000 3,200
Pension Plan        
Defined Benefit Plan Disclosure        
Service cost 8,183 8,078 16,367 16,156
Interest cost 12,794 12,655 25,587 25,309
Expected return on plan assets (16,830) (15,434) (33,660) (30,868)
Amortization of prior service cost 62 1 124 3
Amortization of net loss 0 0 0 0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) 4,209 5,300 8,418 10,600
Regulatory deferral of net periodic benefit cost [1] (4,025) (5,061) (8,051) (10,121)
IPUC Authorized recovered pension cost [1] 8,795 4,289 17,591 8,577
Net periodic benefit cost recognized for financial reporting [1],[2] 8,979 4,528 17,958 9,056
Pension Plan | Idaho Power Company        
Defined Benefit Plan Disclosure        
Defined Benefit Plan, Contributions by Employer     0  
Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year 30,000   30,000  
Senior Management Security Plan        
Defined Benefit Plan Disclosure        
Service cost 263 153 526 306
Interest cost 1,333 1,330 2,666 2,661
Expected return on plan assets 0 0 0 0
Amortization of prior service cost 55 55 110 110
Amortization of net loss 327 143 655 285
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) 1,978 1,681 3,957 3,362
Net periodic benefit cost recognized for financial reporting 1,978 1,681 3,957 3,362
Postretirement Benefits Plan        
Defined Benefit Plan Disclosure        
Service cost 185 151 349 329
Interest cost 721 717 1,412 1,490
Expected return on plan assets (461) (407) (916) (826)
Amortization of prior service cost 387 417 774 833
Amortization of net loss (352) (346) (747) (618)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) 480 532 872 1,208
Net periodic benefit cost recognized for financial reporting $ 480 $ 532 $ 872 $ 1,208
[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, $9.5 million and $5.1 million, respectively, were recognized in "Other operations and maintenance" and $1.9 million and $1.6 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, 2024 and 2023.