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Idaho Power Company Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Regulated Operating Revenue        
Electric utility revenues $ 449,819 $ 412,727 $ 898,118 $ 842,065
Operating Expenses [Abstract]        
Purchased power 95,383 91,460 207,282 262,554
Fuel expense 22,699 31,113 114,940 120,194
Power cost adjustment 59,156 49,629 81,519 (1,708)
Other operations and maintenance 110,903 97,123 216,733 189,164
Energy efficiency programs 7,126 6,552 11,416 11,767
Depreciation 54,732 47,108 108,745 92,499
Other electric utility operating expenses, net (2,981) 7,846 5,027 16,871
Total electric utility operating expenses 347,018 330,831 745,662 691,341
Operating Income 103,269 82,294 152,865 150,398
Nonoperating (Income) Expense:        
Allowance for equity funds used during construction (13,279) (11,173) (24,431) (21,081)
Earnings of unconsolidated equity-method investments (1,277) (2,739) (1,902) (5,192)
Interest on long-term debt 33,308 28,579 66,616 53,547
Other interest 6,075 4,609 11,542 9,363
Allowance for borrowed funds used during construction (6,920) (5,161) (12,879) (9,389)
Other income, net (12,545) (8,816) (26,710) (16,964)
Total nonoperating expense, net 5,362 5,299 12,236 10,284
Income Before Income Taxes 97,907 76,995 140,629 140,114
Income Tax Expense 8,063 8,131 2,517 15,226
Net Income 89,844 68,864 138,112 124,888
Idaho Power Company        
Regulated Operating Revenue        
Electric utility revenues 449,819 412,727 898,118 842,065
Operating Expenses [Abstract]        
Purchased power 95,383 91,460 207,282 262,554
Fuel expense 22,699 31,113 114,940 120,194
Power cost adjustment 59,156 49,629 81,519 (1,708)
Other operations and maintenance 110,903 97,123 216,733 189,164
Energy efficiency programs 7,126 6,552 11,416 11,767
Depreciation 54,732 47,108 108,745 92,499
Other electric utility operating expenses, net (2,981) 7,846 5,027 16,871
Total electric utility operating expenses 347,018 330,831 745,662 691,341
Operating Income 102,801 81,896 152,456 150,724
Nonoperating (Income) Expense:        
Allowance for equity funds used during construction (13,279) (11,173) (24,431) (21,081)
Earnings of unconsolidated equity-method investments (478) (1,923) (1,095) (4,395)
Interest on long-term debt 33,308 28,579 66,616 53,547
Other interest 5,993 4,529 11,377 9,203
Allowance for borrowed funds used during construction (6,920) (5,161) (12,879) (9,389)
Other income, net (11,683) (8,319) (25,263) (15,845)
Total nonoperating expense, net 6,941 6,532 14,325 12,040
Income Before Income Taxes 95,860 75,364 138,131 138,684
Income Tax Expense 8,472 8,284 3,441 15,894
Net Income $ 87,388 $ 67,080 $ 134,690 $ 122,790