IDACORP INC

IDACORP is a holding company incorporated in 1998 in Idaho, primarily operating through its subsidiary, Idaho Power. Idaho Power, incorporated in 1989, is an electric utility involved in generating, transmitting, distributing, selling, and purchasing electric energy and capacity. It is regulated by state commissions in Idaho and Oregon, and by the FERC. Idaho Power's utility operations represent nearly all of IDACORP's current business. Idaho Power is also the parent of IERCo, a joint-owner of BCC, which mines and supplies coal to the Jim Bridger plant, partly owned by Idaho Power. Other IDACORP subsidiaries include IFS, which invests in affordable housing and real estate tax credits, and Ida-West, which operates small PURPA-qualifying hydropower generation projects. As of December 31, 2025, Idaho Power provided electric utility service to approximately 664,000 retail customers in southern Idaho and eastern Oregon, with about 561,000 of these being residential customers. Its main commercial and industrial customers operate in food processing, electronics and general manufacturing, agriculture, health care, government, education, and information technology. Idaho Power also supplies electricity to irrigation customers for agricultural pumps. The company holds franchises in 69 cities in Idaho and 9 cities in Oregon, and certificates to serve all or parts of 25 counties in Idaho and 3 counties in Oregon.