IDACORP Inc. Files Routine 8-K Report

TL;DR

IDA filed a standard 8-K, nothing major to see here.

AI Summary

On October 24, 2025, IDACORP INC. (NYSE: IDA) filed an 8-K report. The filing pertains to Idaho Power Company, a subsidiary of IDACORP, and indicates routine corporate reporting without specific material events disclosed in the provided text.

Why It Matters

This filing signifies standard corporate disclosure for IDACORP and its subsidiary Idaho Power Company, indicating no immediate material changes or events requiring immediate public announcement.

Risk Assessment

Risk Level: low — The filing is a routine 8-K report, indicating standard corporate disclosures rather than significant events that would impact risk.

Key Players & Entities

• IDACORP INC. (company) — Filer
• IDAHO POWER CO (company) — Subsidiary of IDACORP INC.
• October 24, 2025 (date) — Date of Report

FAQ

Key Financial Figures

• $199.1 million — 5 test year and requested approximately $199.1 million in additional Idaho-jurisdiction annual
• $46.8 million — tion annual revenues, which is net of a $46.8 million Idaho-jurisdiction power cost adjustmen
• $5.1 b — Idaho retail rate base of approximately $5.1 billion, which is not inclusive of rate b
• $110.0 m — ctional retail revenue by approximately $110.0 million, or 7.48 percent, effective Janua
• $110 million — ective January 1, 2026. The approximate $110 million of additional annual revenue is inclusi
• $13.1 million — is inclusive of a PCA rate increase of $13.1 million; a 9.6 percent return on equity and a
• $4.9 billion — risdictional rate base of approximately $4.9 billion (which is based on the average of month
• $468.8 m — supply expense (NPSE) of approximately $468.8 million, a decrease of $16.1 million from
• $16.1 million — oximately $468.8 million, a decrease of $16.1 million from the currently approved base level
• $55 million — 2028; (2) to establish an annual cap of $55 million on the amount of accelerated amortizati

Filing Documents

• ida-20251024.htm (8-K) — 38KB
• 0001057877-25-000075.txt ( ) — 205KB
• ida-20251024.xsd (EX-101.SCH) — 3KB
• ida-20251024_def.xml (EX-101.DEF) — 18KB
• ida-20251024_lab.xml (EX-101.LAB) — 28KB
• ida-20251024_pre.xml (EX-101.PRE) — 18KB
• ida-20251024_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. As previously reported, on May 30, 2025, Idaho Power Company (Idaho Power) filed a general rate case and proposed rate schedules with the Idaho Public Utilities Commission (IPUC), Case No. IPC-E-25-16. The filing was based on a 2025 test year and requested approximately $199.1 million in additional Idaho-jurisdiction annual revenues, which is net of a $46.8 million Idaho-jurisdiction power cost adjustment (PCA) decrease. As filed, this request would have resulted in a 13.09 percent overall average net Idaho-jurisdictional revenue increase for Idaho Power's Idaho customers. The filing requested, among other items, an authorized rate of return on equity of 10.4 percent with an Idaho retail rate base of approximately $5.1 billion, which is not inclusive of rate base associated with Idaho Power's jointly-owned coal facilities, the costs of which are recovered under separate rate mechanisms. In its application, Idaho Power proposed a capitalization structure of approximately 49 percent long-term debt and 51 percent common stock equity. Idaho Power included an average cost of debt of 5.132 percent and an overall cost of capital of 7.818 percent. On October 24, 2025, Idaho Power filed a motion for approval of a settlement stipulation (Settlement Stipulation) with the IPUC related to the Idaho general rate case filing. The Settlement Stipulation was entered into by Idaho Power, the Staff of the IPUC, and several of the intervening parties. If the IPUC approves the Settlement Stipulation, it will authorize Idaho Power's filed general rate case, with the modifications contained in the Settlement Stipulation. The Settlement Stipulation contains the following significant terms, among other items: Idaho Power would implement revised tariff schedules designed to increase annual Idaho-jurisdictional retail revenue by approximately $110.0 million, or 7.48 percent, effective January 1, 2026. The approximate $110 million of additional annual revenue is

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains statements that relate to future events and expectations, such as statements regarding Idaho Power's general rate case filing and any related rate and revenue increases. Such statements constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, or future events or performance, often, but not always, through the use of words or phrases such as "anticipates," "believes," "could," "estimates," "expects," "intends," "potential," "plans," "predicts," "preliminary," "projects," "targets," "may," "may result," or similar expressions, are not statements of historical facts and may be forward-looking. Forward-looking statements are not guarantees of future performance, involve estimates, assumptions, risks, and uncertainties, and may differ materially from actual results, performance, or outcomes. In addition to any assumptions and other factors and matters referred to specifically in connection with such forward-looking statements, factors that could cause actual results or outcomes to differ materially from those contained in forward-looking statements include those factors set forth in this Current Report on Form 8-K, IDACORP, Inc.'s (IDACORP) and Idaho Power's most recent Annual Report on Form 10-K, particularly Part I, Item 1A - "Risk Factors" and Part II, Item 7 - "Management's Discussion and Analysis of Financial Condition and Results of Operations" of that report, subsequent reports filed by IDACORP and Idaho Power with the U.S. Securities and Exchange Commission, and the following important factors: (a) decisions or actions by the IPUC and the Federal Energy Regulatory Commission that impact Idaho Power's ability to recover costs and earn a return on investment; (b) changes to or the elimination of Idaho Power's regulatory cost rec

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. Dated: October 24, 2025 IDACORP, INC. By: /s/ Lisa A. Grow Lisa A. Grow President and Chief Executive Officer IDAHO POWER COMPANY By: /s/ Lisa A. Grow Lisa A. Grow President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR