IDACORP INC
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 19, 2026
IDA$148.27+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
(1) and (2) Refer to Part II, Item 8 - “Financial Statements” for a complete listing of consolidated financial statements and financial statement schedules.
(3)Exhibits. Note Regarding Reliance on Statements in Agreements: The agreements filed as exhibits to IDACORP's and Idaho Power's Annual Report on Form 10-K for the year ended December 31, 2025, are filed to provide information regarding their terms and are not intended to provide any other factual or disclosure information about IDACORP, Inc., Idaho Power Company, or the other parties to the agreements. Some of the agreements contain statements, representations, and warranties by each of the parties to the applicable agreement. These representations and warranties have been made solely for the benefit of the other parties to the applicable agreement and (a) in all instances should not be treated as categorical statements of fact, but rather as a way of allocating the risk to one of the parties to the agreement if those statements prove to be inaccurate; (b) have been qualified by disclosures that were made to the other party, which disclosures are not necessarily reflected in the agreement; (c) may apply standards of materiality in a way that is different from what may be viewed as material to investors; and (d) were made only as of the date of the applicable agreement or such other date or dates as may be specified in the agreement and are subject to more recent developments. Accordingly, readers should not rely upon the statements, representations, or warranties made in the agreements.
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| Exhibit No. · Exhibit Description · Form · File No. · Exhibit No. · Date · Included Herewith | |||||
| 2 | Agreement and Plan of Exchange between IDACORP, Inc. and Idaho Power Company, dated as of February 2, 1998 | S-4 | 333-48031 | A | 3/16/1998 |
| 3.1 | Restated Articles of Incorporation of Idaho Power Company as filed with the Secretary of State of Idaho on June 30, 1989 | S-3 Post-Effective Amend. No. 2 | 33-00440* | 4(a)(xiii) | 6/30/1989 |
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| Exhibit No. · Exhibit Description · Form · File No. · Exhibit No. · Date · Included Herewith | |||||
| 3.2 | Statement of Resolution Establishing Terms of Flexible Auction Series A, Serial Preferred Stock, Without Par Value (cumulative stated value of $100,000 per share) of Idaho Power Company, as filed with the Secretary of State of Idaho on November 5, 1991 | S-3 | 33-65720* | 4(a)(ii) | 7/7/1993 |
| 3.3 | Statement of Resolution Establishing Terms of 7.07% Serial Preferred Stock, Without Par Value (cumulative stated value of $100 per share) of Idaho Power Company, as filed with the Secretary of State of Idaho on June 30, 1993 | S-3 | 33-65720* | 4(a)(iii) | 7/7/1993 |
| 3.4 | Articles of Share Exchange, as filed with the Secretary of State of Idaho on September 29, 1998 | S-8 Post-Effective Amend. No. 1 | 33-56071-99 | 3(d) | 10/1/1998 |
| 3.5 | Articles of Amendment to Restated Articles of Incorporation of Idaho Power Company, as filed with the Secretary of State of Idaho on June 15, 2000 | 10-Q | 1-3198 | 3(a)(iii) | 8/4/2000 |
| 3.6 | Articles of Amendment to Restated Articles of Incorporation of Idaho Power Company, as filed with the Secretary of State of Idaho on January 21, 2005 | 8-K | 1-3198 | 3.3 | 1/26/2005 |
| 3.7 | Articles of Amendment to Restated Articles of Incorporation of Idaho Power Company, as amended, as filed with the Secretary of State of Idaho on November 19, 2007 | 8-K | 1-3198 | 3.3 | 11/19/2007 |
| 3.8 | Articles of Amendment to Restated Articles of Incorporation of Idaho Power Company, as amended, as filed with the Secretary of State of Idaho on May 18, 2012 | 8-K | 1-3198 | 3.14 | 5/21/2012 |
| 3.9 | Amended Bylaws of Idaho Power Company, amended on November 15, 2007 and presently in effect | 8-K | 1-3198 | 3.2 | 11/19/2007 |
| 3.10 | Articles of Incorporation of IDACORP, Inc. | S-3 Amend. No. 1 | 333-64737 | 3.1 | 11/4/1998 |
| 3.11 | Articles of Amendment to Articles of Incorporation of IDACORP, Inc. as filed with the Secretary of State of Idaho on March 9, 1998 | S-3 Amend. No. 1 | 333-64737 | 3.2 | 11/4/1998 |
| 3.12 | Articles of Amendment to Articles of Incorporation of IDACORP, Inc. creating A Series Preferred Stock, without par value, as filed with the Secretary of State of Idaho on September 17, 1998 | S-3 Post-Effective Amend. No. 1 | 333-00139-99 | 3(b) | 9/22/1998 |
| 3.13 | Articles of Amendment to Articles of Incorporation of IDACORP, Inc., as amended, as filed with the Secretary of State of Idaho on May 18, 2012 | 8-K | 1-14465 | 3.13 | 5/21/2012 |
| 3.14 | Amended and Restated Bylaws of IDACORP, Inc., effective as of November 16, 2023 and presently in effect | 8-K | 1-14465, 1-3198 | 3.1 | 11/22/2023 |
| 4.1 | Mortgage and Deed of Trust, dated as of October 1, 1937, between Idaho Power Company and Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company) and R. G. Page, as Trustees | 2-3413* | B-2 | ||
| Idaho Power Company Supplemental Indentures to Mortgage and Deed of Trust: | |||||
| 4.2.1 | File number 1-MD, as Exhibit B-2-a, First, July 1, 1939* | ||||
| 4.2.2 | File number 2-5395, as Exhibit 7-a-3, Second, November 15, 1943* | ||||
| 4.2.3 | File number 2-7237, as Exhibit 7-a-4, Third, February 1, 1947* | ||||
| 4.2.4 | File number 2-7502, as Exhibit 7-a-5, Fourth, May 1, 1948* | ||||
| 4.2.5 | File number 2-8398, as Exhibit 7-a-6, Fifth, November 1, 1949* | ||||
| 4.2.6 | File number 2-8973, as Exhibit 7-a-7, Sixth, October 1, 1951* | ||||
| 4.2.7 | File number 2-12941, as Exhibit 2-C-8, Seventh, January 1, 1957* | ||||
| 4.2.8 | File number 2-13688, as Exhibit 4-J, Eighth, July 15, 1957* | ||||
| 4.2.9 | File number 2-13689, as Exhibit 4-K, Ninth, November 15, 1957* | ||||
| 4.2.10 | File number 2-14245, as Exhibit 4-L, Tenth, April 1, 1958* | ||||
| 4.2.11 | File number 2-14366, as Exhibit 2-L, Eleventh, October 15, 1958* | ||||
| 4.2.12 | File number 2-14935, as Exhibit 4-N, Twelfth, May 15, 1959* | ||||
| 4.2.13 | File number 2-18976, as Exhibit 4-O, Thirteenth, November 15, 1960* | ||||
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| Exhibit No. · Exhibit Description · Form · File No. · Exhibit No. · Date · Included Herewith | |||||
| 4.2.14 · File number 2-18977, as Exhibit 4-Q, Fourteenth, November 1, 1961* | |||||
| 4.2.15 · File number 2-22988, as Exhibit 4-B-16, Fifteenth, September 15, 1964* | |||||
| 4.2.16 · File number 2-24578, as Exhibit 4-B-17, Sixteenth, April 1, 1966* | |||||
| 4.2.17 · File number 2-25479, as Exhibit 4-B-18, Seventeenth, October 1, 1966* | |||||
| 4.2.18 · File number 2-45260, as Exhibit 2(c), Eighteenth, September 1, 1972* | |||||
| 4.2.19 · File number 2-49854, as Exhibit 2(c), Nineteenth, January 15, 1974* | |||||
| 4.2.20 · File number 2-51722, as Exhibit 2(c)(i), Twentieth, August 1, 1974* | |||||
| 4.2.21 · File number 2-51722, as Exhibit 2(c)(ii), Twenty-first, October 15, 1974* | |||||
| 4.2.22 · File number 2-57374, as Exhibit 2(c), Twenty-second, November 15, 1976* | |||||
| 4.2.23 · File number 2-62035, as Exhibit 2(c), Twenty-third, August 15, 1978* | |||||
| 4.2.24 · File number 33-34222, as Exhibit 4(d)(iii), Twenty-fourth, September 1, 1979* | |||||
| 4.2.25 · File number 33-34222, as Exhibit 4(d)(iv), Twenty-fifth, November 1, 1981* | |||||
| 4.2.26 · File number 33-34222, as Exhibit 4(d)(v), Twenty-sixth, May 1, 1982* | |||||
| 4.2.27 · File number 33-34222, as Exhibit 4(d)(vi), Twenty-seventh, May 1, 1986* | |||||
| 4.2.28 · File number 33-00440, as Exhibit 4(c)(iv), Twenty-eighth, June 30, 1989* | |||||
| 4.2.29 · File number 33-34222, as Exhibit 4(d)(vii), Twenty-ninth, January 1, 1990* | |||||
| 4.2.30 · File number 33-65720, as Exhibit 4(d)(iii), Thirtieth, January 1, 1991* | |||||
| 4.2.31 · File number 33-65720, as Exhibit 4(d)(iv), Thirty-first, August 15, 1991* | |||||
| 4.2.32 · File number 33-65720, as Exhibit 4(d)(v), Thirty-second, March 15, 1992* | |||||
| 4.2.33 · File number 33-65720, as Exhibit 4(d)(vi), Thirty-third, April 1, 1993* | |||||
| 4.2.34 · File number 1-3198, Form 8-K, filed on 12/20/93, as Exhibit 4, Thirty-fourth, December 1, 1993* | |||||
| 4.2.35 | Thirty-fifth, November 1, 2000 | 8-K | 1-3198 | 4 | 11/21/2000 |
| 4.2.36 | Thirty-sixth, October 1, 2001 | 8-K | 1-3198 | 4 | 10/1/2001 |
| 4.2.37 | Thirty-seventh, April 1, 2003 | 8-K | 1-3198 | 4 | 4/16/2003 |
| 4.2.38 | Thirty-eighth, May 15, 2003 | 10-Q | 1-3198 | 4(a)(iii) | 8/7/2003 |
| 4.2.39 | Thirty-ninth, October 1, 2003 | 10-Q | 1-3198 | 4(a)(iv) | 11/6/2003 |
| 4.2.40 | Fortieth, May 1, 2005 | 8-K | 1-3198 | 4 | 5/10/2005 |
| 4.2.41 | Forty-first, October 1, 2006 | 8-K | 1-3198 | 4 | 10/10/2006 |
| 4.2.42 | Forty-second, May 1, 2007 | 8-K | 1-3198 | 4 | 6/4/2007 |
| 4.2.43 | Forty-third, September 1, 2007 | 8-K | 1-3198 | 4 | 9/26/2007 |
| 4.2.44 | Forty-fourth, April 1, 2008 | 8-K | 1-3198 | 4 | 4/3/2008 |
| 4.2.45 | Forty-fifth, February 1, 2010 | 10-K | 1-3198 | 4.10 | 2/23/2010 |
| 4.2.46 | Forty-sixth, June 1, 2010 | 8-K | 1-3198 | 4 | 6/18/2010 |
| 4.2.47 | Forty-seventh, July 1, 2013 | 8-K | 1-3198 | 4.1 | 7/12/2013 |
| 4.2.48 | Forty-eighth, September 1, 2016 | 8-K | 1-3198 | 4.1 | 9/27/2016 |
| 4.2.49 | Forty-ninth, June 5, 2020 | 8-K | 1-3198 | 4.1 | 6/8/2020 |
| 4.2.50 | Fiftieth, June 30, 2022 | 8-K | 1-3198 | 4.1 | 6/30/2022 |
| 4.2.51 | Fifty-first, October 14, 2022 | 10-Q | 1-3198 | 4.1 | 11/3/2022 |
| 4.2.52 | Fifty-second, December 20, 2022 | 8-K | 1-3198 | 4.1 | 12/22/2022 |
| 4.2.53 | Fifty-third, February 26, 2025 | 8-K | 1-3198 | 4.1 | 2/26/2025 |
| 4.3 | Agreement of Idaho Power Company to furnish certain debt instruments | S-3 | 33-65720* | 4(f) | 7/7/1993 |
| 4.4 | Agreement and Plan of Merger dated March 10, 1989, between Idaho Power Company, a Maine corporation, and Idaho Power Migrating Corporation | S-3 Post-Effective Amend. No. 2 | 33-00440* | 2(a)(iii) | 6/30/1989 |
| 4.5 | Indenture for Senior Debt Securities dated as of February 1, 2001, between IDACORP, Inc. and Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), as trustee | 8-K | 1-14465 | 4.1 | 2/28/2001 |
| 4.6 | First Supplemental Indenture dated as of February 1, 2001 to Indenture for Senior Debt Securities dated as of February 1, 2001 between IDACORP, Inc. and Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), as trustee | 8-K | 1-14465 | 4.2 | 2/28/2001 |
| Incorporated by Reference | ||||||
|---|---|---|---|---|---|---|
| Exhibit No. | Exhibit Description | Form | File No. | Exhibit No. | Date | Included Herewith |
| 4.7 | Indenture for Debt Securities dated as of August 1, 2001 between Idaho Power Company and Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), as trustee | S-3 | 333-67748 | 4.13 | 8/16/2001 | |
| 4.8 | Idaho Power Company Instrument of Further Assurance relating to Mortgage and Deed of Trust, dated as of August 3, 2010 | 10-Q | 1-3198 | 4.12 | 8/5/2010 | |
| 4.9 | Description of the Registrant's Securities | 10-K | 1-14465, 1-3198 | 4.10 | 2/15/2024 | |
| 10.1 | Amended and Restated Agreement for the Operation of the Jim Bridger Project, dated December 11, 2014, between Idaho Power Company and PacifiCorp | 10-K | 1-14465, 1-3198 | 10.4 | 2/19/2015 | |
| 10.2 | Amended and Restated Agreement for the Ownership of the Jim Bridger Project, dated December 11, 2014, between Idaho Power Company and PacifiCorp | 10-K | 1-14465, 1-3198 | 10.5 | 2/19/2015 | |
| 10.3 | Framework Agreement, dated October 1, 1984, between the State of Idaho and Idaho Power Company relating to Idaho Power Company's Swan Falls and Snake River water rights | S-3 | 33-65720* | 10(h) | 7/7/1993 | |
| 10.4 | Agreement, dated October 25, 1984, between the State of Idaho and Idaho Power Company, relating to the agreement filed as Exhibit 10.3 | S-3 | 33-65720* | 10(h)(i) | 7/7/1993 | |
| 10.5 | Contract to Implement, dated October 25, 1984, between the State of Idaho and Idaho Power Company, relating to the agreement filed as Exhibit 10.3 | S-3 | 33-65720* | 10(h)(ii) | 7/7/1993 | |
| 10.6 | Settlement Agreement, dated March 25, 2009, between the State of Idaho and Idaho Power Company relating to the agreement filed as Exhibit 10.3 | 10-Q | 1-14465 | 10.58 | 5/7/2009 | |
| 10.7 | Agreement Regarding the Ownership, Construction, Operation and Maintenance of the Milner Hydroelectric Project (FERC No. 2899), dated January 22, 1990, between Idaho Power Company and the Twin Falls Canal Company and the Northside Canal Company Limited | S-3 | 33-65720* | 10(m) | 7/7/1993 | |
| 10.8 | Credit Agreement, dated December 8, 2023, among IDACORP, Inc., Wells Fargo Bank, National Association, as administrative agent, swingline lender, and LC issuer, JPMorgan Chase Bank, N.A., as syndication agent and LC issuer, and the other lenders named therein | 8-K | 1-14465, 1-3198 | 10.1 | 12/11/2023 | |
| 10.9 | Extension Agreement, dated December 9, 2024, among IDACORP, Inc., Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto | 10-K | 1-14465, 1-3198 | 10.9 | 2/20/2025 | |
| 10.10 | Extension and First Amendment to Credit Agreement, dated December 8, 2025, among IDACORP, Inc., Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto | X | ||||
| 10.11 | Credit Agreement, dated December 8, 2023, among Idaho Power Company, Wells Fargo Bank, National Association, as administrative agent, swingline lender, and LC issuer, JPMorgan Chase Bank, N.A., as syndication agent and LC issuer, and the other lenders named therein | 8-K | 1-14465, 1-3198 | 10.2 | 12/11/2023 | |
| 10.12 | Extension Agreement, dated December 9, 2024, among Idaho Power Company, Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto | 10-K | 1-14465, 1-3198 | 10.11 | 2/20/2025 | |
| 10.13 | Extension and First Amendment to Credit Agreement, dated December 8, 2025, among Idaho Power Company, Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto | X | ||||
| 10.14 | Forward Sale Agreement between IDACORP, Inc. and Morgan Stanley & Co. LLC dated as of May 8, 2025 | 8-K | 1-14465 | 10.1 | 5/12/2025 | |
| 10.15 | Forward Sale Agreement between IDACORP, Inc. and JPMorgan Chase Bank, National Association, New York Branch dated as of May 8, 2025 | 8-K | 1-14465 | 10.2 | 5/12/2025 | |
| 10.16 | Forward Sale Agreement between IDACORP, Inc. and Wells Fargo Bank, National Association dated as of May 8, 2025 | 8-K | 1-14465 | 10.3 | 5/12/2025 | |
| Incorporated by Reference | ||||||
|---|---|---|---|---|---|---|
| Exhibit No. | Exhibit Description | Form | File No. | Exhibit No. | Date | Included Herewith |
| 10.17 | Additional Forward Sale Agreement between IDACORP, Inc. and Morgan Stanley & Co. LLC dated as of May 9, 2025 | 8-K | 1-14465 | 10.4 | 5/12/2025 | |
| 10.18 | Additional Forward Sale Agreement between IDACORP, Inc. and JPMorgan Chase Bank, National Association, New York Branch dated as of May 9, 2025 | 8-K | 1-14465 | 10.5 | 5/12/2025 | |
| 10.19 | Additional Forward Sale Agreement between IDACORP, Inc. and Wells Fargo Bank, National Association dated as of May 9, 2025 | 8-K | 1-14465 | 10.6 | 5/12/2025 | |
| 10.20 | Equity Distribution Agreement, dated May 20, 2024 | 8-K | 1-14465, 1-3198 | 1.1 | 5/20/2024 | |
| 10.21 | Form of Master Forward Sale Confirmation | 8-K | 1-14465, 1-3198 | 1.2 | 5/20/2024 | |
| 10.22 | Loan Agreement, dated October 1, 2006, between Sweetwater County, Wyoming and Idaho Power Company | 8-K | 1-3198 | 10.1 | 10/10/2006 | |
| 10.231 | Idaho Power Company Security Plan for Senior Management Employees I, amended and restated effective December 31, 2004, and as further amended November 20, 2008 | 10-K | 1-14465, 1-3198 | 10.15 | 2/26/2009 | |
| 10.241 | Amendment, dated September 19, 2012, to the Idaho Power Company Security Plan for Senior Management Employees I | 10-Q | 1-14465, 1-3198 | 10.62 | 11/1/2012 | |
| 10.251 | Idaho Power Company Security Plan for Senior Management Employees II, as amended and restated February 8, 2017 | 10-K | 1-14465, 1-3198 | 10.31 | 2/23/2017 | |
| 10.261 | Amendment to the Idaho Power Company Security Plan for Senior Management Employees II, as amended May 17, 2017 | 10-Q | 1-14465, 1-3198 | 10.1 | 8/3/2017 | |
| 10.271 | Idaho Power Company Security Plan for Board of Directors - a non-qualified deferred compensation plan, as amended and restated effective July 20, 2006 | 10-Q | 1-14465, 1-3198 | 10(h)(viii) | 11/2/2006 | |
| 10.281 | IDACORP, Inc. Non-Employee Directors Stock Compensation Plan, as amended | 10-Q | 1-14465, 1-3198 | 10.1 | 10/30/2025 | |
| 10.291 | Form of Officer Indemnification Agreement between IDACORP, Inc. and Officers of IDACORP, Inc. and Idaho Power Company, as amended July 20, 2006 | 10-Q | 1-14465, 1-3198 | 10(h)(xix) | 11/2/2006 | |
| 10.301 | Form of Director Indemnification Agreement between IDACORP, Inc. and Directors of IDACORP, Inc., as amended July 20, 2006 | 10-Q | 1-14465, 1-3198 | 10(h)(xx) | 11/2/2006 | |
| 10.311 | Form of Amended and Restated Change in Control Agreement between IDACORP, Inc. and Officers of IDACORP and Idaho Power Company (senior vice president and higher), approved November 20, 2008 | 10-K | 1-14465, 1-3198 | 10.24 | 2/26/2009 | |
| 10.321 | Form of Amended and Restated Change in Control Agreement between IDACORP, Inc. and Officers of IDACORP and Idaho Power Company (below senior vice president), approved November 20, 2008 | 10-K | 1-14465, 1-3198 | 10.25 | 2/26/2009 | |
| 10.331 | Form of Amended and Restated Change in Control Agreement between IDACORP, Inc. and Officers of IDACORP, Inc. and Idaho Power Company, approved March 17, 2010 | 8-K | 1-14465, 1-3198 | 10.1 | 3/24/2010 | |
| 10.341 | IDACORP, Inc. and/or Idaho Power Company Executive Officers with Amended and Restated Change in Control Agreements chart | X | ||||
| 10.351 | IDACORP, Inc. 2000 Long-Term Incentive and Compensation Plan, as amended and restated May 15, 2025 | 14A | 1-14465 | App. A | 4/1/2025 | |
| 10.361 | IDACORP, Inc. 2000 Long-Term Incentive and Compensation Plan - Form of Restricted Unit Award Agreement (Time Vesting) | 10-K | 1-14465, 1-3198 | 10.27 | 2/15/2024 | |
| 10.371 | IDACORP, Inc. 2000 Long-Term Incentive and Compensation Plan - Form of Performance Unit Award Agreement (Performance with Total Shareholder Return Goal) | 10-K | 1-14465, 1-3198 | 10.28 | 2/15/2024 | |
| 10.381 | IDACORP, Inc. 2000 Long-Term Incentive and Compensation Plan - Form of Performance Unit Award Agreement (Performance with Cumulative Earnings Per Share Goal) | 10-K | 1-14465, 1-3198 | 10.29 | 2/15/2024 | |
| 10.391 | IDACORP, Inc. Executive Incentive Plan, as amended and restated November 14, 2018 | 10-K | 1-14465, 1-3198 | 10.36 | 2/21/2019 | |
| Incorporated by Reference | ||||||
|---|---|---|---|---|---|---|
| Exhibit No. | Exhibit Description | Form | File No. | Exhibit No. | Date | Included Herewith |
| 10.401 | Idaho Power Company Executive Deferred Compensation Plan, effective November 15, 2000, as amended November 20, 2008 | 10-K | 1-14465, 1-3198 | 10.32 | 2/26/2009 | |
| 10.411 | IDACORP, Inc. and Idaho Power Company Compensation for Non-Employee Directors of the Board of Directors, effective January 1, 2024 | 10-K | 1-14465, 1-3198 | 10.33 | 2/20/2025 | |
| 10.421 | Form of IDACORP, Inc. Director Deferred Compensation Agreement, as amended November 20, 2008 | 10-K | 1-14465, 1-3198 | 10.46 | 2/26/2009 | |
| 10.431 | Form of Amendment to IDACORP, Inc. Director Deferred Compensation Agreement, as amended November 20, 2008 | 10-K | 1-14465, 1-3198 | 10.48 | 2/26/2009 | |
| 10.441 | Form of Termination of IDACORP, Inc. Director Deferred Compensation Agreement, as amended November 20, 2008 | 10-K | 1-14465, 1-3198 | 10.49 | 2/26/2009 | |
| 10.451 | Form of Idaho Power Company Director Deferred Compensation Agreement, as amended November 20, 2008 | 10-K | 1-14465, 1-3198 | 10.50 | 2/26/2009 | |
| 10.461 | Form of Amendment to Idaho Power Company Director Deferred Compensation Agreement, as amended November 20, 2008 | 10-K | 1-14465, 1-3198 | 10.52 | 2/26/2009 | |
| 10.471 | Form of Termination of Idaho Power Company Director Deferred Compensation Agreement, as amended November 20, 2008 | 10-K | 1-14465, 1-3198 | 10.53 | 2/26/2009 | |
| 10.481 | Idaho Power Company Restated Employee Savings Plan, as restated as of January 1, 2016 | 10-K | 1-14465, 1-3198 | 10.59 | 2/18/2016 | |
| 10.491 | First Amendment, dated effective December 1, 2016, to the Idaho Power Company Restated Employee Savings Plan, as restated as of January 1, 2016 | 10-K | 1-14465, 1-3198 | 10.61 | 2/23/2017 | |
| 10.501 | Second Amendment to the Idaho Power Company Employee Savings Plan, as amended January 1, 2018 | 10-Q | 1-14465, 1-3198 | 10.1 | 11/2/2017 | |
| 10.511 | Third Amendment to the Idaho Power Company Employee Savings Plan, as amended April 26, 2018 | 10-Q | 1-14465, 1-3198 | 10.4 | 5/3/2018 | |
| 10.521 | Fourth Amendment to the Idaho Power Company Employee Savings Plan, executed October 24, 2019 and effective January 1, 2020 | 10-Q | 1-14465, 1-3198 | 10.1 | 10/31/2019 | |
| 10.531 | Fifth Amendment to the Idaho Power Company Employee Savings Plan, executed December 21, 2020 and effective January 1, 2020 | 10-K | 1-14465, 1-3198 | 10.49 | 2/18/2021 | |
| 10.541 | Sixth Amendment to the Idaho Power Company Employee Savings Plan, executed March 7, 2022 and effective January 1, 2020 | 10-Q | 1-14465, 1-3198 | 10.1 | 5/5/2022 | |
| 10.551 | Seventh Amendment to the Idaho Power Company Employee Savings Plan, executed May 16, 2024 and effective April 1, 2024 | 10-Q | 1-14465, 1-3198 | 10.1 | 8/1/2024 | |
| 10.561 | Eighth Amendment to the Idaho Power Company Employee Savings Plan, executed December 2, 2024 and effective January 1, 2025 | 10-Q | 1-14465, 1-3198 | 10.2 | 5/1/2025 | |
| 19.1 | IDACORP, Inc. Insider Trading and Transactions in Company Securities Standard | X | ||||
| 21.1 | Subsidiaries of IDACORP, Inc. | X | ||||
| 23.1 | Consent of Registered Independent Accounting Firm | X | ||||
| 23.2 | Consent of Registered Independent Accounting Firm | X | ||||
| 31.1 | IDACORP, Inc. Rule 13a-14(a) CEO certification | X | ||||
| 31.2 | IDACORP, Inc. Rule 13a-14(a) CFO certification | X | ||||
| 31.3 | Idaho Power Rule 13a-14(a) CEO certification | X | ||||
| 31.4 | Idaho Power Rule 13a-14(a) CFO certification | X | ||||
| 32.1 | IDACORP, Inc. Section 1350 CEO certification | X | ||||
| 32.2 | IDACORP, Inc. Section 1350 CFO certification | X | ||||
| 32.3 | Idaho Power Section 1350 CEO certification | X | ||||
| 32.4 | Idaho Power Section 1350 CFO certification | X | ||||
| 95.1 | Mine Safety Disclosures | X | ||||
| Incorporated by Reference | ||||||
|---|---|---|---|---|---|---|
| Exhibit No. | Exhibit Description | Form | File No. | Exhibit No. | Date | Included Herewith |
| 97.1 | IDACORP, Inc. Incentive Compensation Recovery Policy | 10-K | 1-14465, 1-3198 | 97.1 | 2/15/2024 | |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document | X | ||||
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document | X | ||||
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document | X | ||||
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document | X | ||||
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document | X | ||||
| 104 | Cover Page Interactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits 101.) | X | ||||
| * Exhibit originally filed with the SEC in paper format and as such, a hyperlink is not available. | ||||||
| (1) Management contract or compensatory plan or arrangement | ||||||
SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (thousands of dollars) | |||
| Income: | |||
| Equity in income of subsidiaries | $321,927 | $289,689 | $262,081 |
| Investment income | 7,539 | 3,976 | 1,932 |
| Total income | 329,466 | 293,665 | 264,013 |
| Expenses: | |||
| Operating expenses | 930 | 621 | 553 |
| Interest expense | 3,307 | 3,593 | 3,171 |
| Other expenses | 2,000 | 1,300 | 200 |
| Total expenses | 6,237 | 5,514 | 3,924 |
| Income Before Income Taxes | 323,229 | 288,151 | 260,089 |
| Income Tax Benefit | (243) | (1,023) | (1,106) |
| Net Income Attributable to IDACORP, Inc. | 323,472 | 289,174 | 261,195 |
| Other comprehensive (loss) income | (1,352) | 3,592 | (4,262) |
| Comprehensive Income Attributable to IDACORP, Inc. | $322,120 | $292,766 | $256,933 |
| The accompanying note is an integral part of these statements. | |||
CONDENSED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (thousands of dollars) | |||
| Operating Activities: | |||
| Net cash provided by operating activities | $215,505 | $194,597 | $154,190 |
| Investing Activities: | |||
| Contributions to subsidiaries | (195,000) | (200,000) | — |
| Purchase of investments | (2,419) | (651) | (1,002) |
| Maturities of investments | 385 | — | — |
| Net cash used in investing activities | (197,034) | (200,651) | (1,002) |
| Financing Activities: | |||
| Issuance of common stock | 97,777 | 298,450 | — |
| Dividends on common stock | (187,633) | (175,615) | (162,646) |
| Change in intercompany notes payable | (7,952) | 11,430 | (282) |
| Other | (3,625) | (4,015) | (3,533) |
| Net cash (used in) provided by financing activities | (101,433) | 130,250 | (166,461) |
| Net (decrease) increase in cash and cash equivalents | (82,962) | 124,196 | (13,273) |
| Cash and cash equivalents at beginning of year | 178,094 | 53,898 | 67,171 |
| Cash and cash equivalents at end of year | $95,132 | $178,094 | $53,898 |
| The accompanying note is an integral part of these statements. | |||
CONDENSED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets · (thousands of dollars) | ||
| Current Assets: | ||
| Cash and cash equivalents | $95,132 | $178,094 |
| Receivables | 1,923 | 2,646 |
| Income taxes receivable | 7,091 | 2,350 |
| Other | 103 | 107 |
| Total current assets | 104,249 | 183,197 |
| Investments | 3,534,519 | 3,210,209 |
| Other Assets: | ||
| Deferred income taxes | 2,363 | 11,829 |
| Other | 381 | 397 |
| Total other assets | 2,744 | 12,226 |
| Total assets | $3,641,512 | $3,405,632 |
| Liabilities and Shareholders’ Equity | ||
| Noncurrent Liabilities: | ||
| Intercompany notes payable | $69,291 | $74,272 |
| Other | 347 | 406 |
| Total noncurrent liabilities | 69,638 | 74,678 |
| IDACORP, Inc. Shareholders’ Equity | 3,571,874 | 3,330,954 |
| Total Liabilities and Shareholders' Equity | $3,641,512 | $3,405,632 |
| The accompanying note is an integral part of these statements. | ||
NOTE TO CONDENSED FINANCIAL STATEMENTS
- BASIS OF PRESENTATION
Pursuant to rules and regulations of the SEC, the unconsolidated condensed financial statements of IDACORP do not reflect all of the information and notes normally included with financial statements prepared in accordance with GAAP. Therefore, these financial statements should be read in conjunction with the consolidated financial statements and related notes included in the 2025 Form 10-K, Part II, Item 8.
Accounting for Subsidiaries: IDACORP has accounted for the earnings of its subsidiaries under the equity method of accounting in these unconsolidated condensed financial statements. Included in net cash provided by operating activities in the condensed statements of cash flows are dividends that IDACORP subsidiaries paid to IDACORP of $193 million, $177 million, and $105 million in 2025, 2024, and 2023, respectively.
IDACORP, INC. AND IDAHO POWER COMPANY
SCHEDULE II - CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS
Years Ended December 31, 2025, 2024, and 2023
| Additions | |||||
|---|---|---|---|---|---|
| Charged | |||||
| Balance at · Charged · (Credited) · Balance at | |||||
| Beginning · to · to Other · End | |||||
| Classification | of Year | Income | Accounts | Deductions(1) | of Year |
| (thousands of dollars) | |||||
| 2025: | |||||
| Reserve for uncollectible accounts | $5,699 | $3,009 | $471 | $4,754 | $4,425 |
| Injuries and damages | 3,627 | 799 | — | 1,473 | 2,953 |
| 2024: | |||||
| Reserve for uncollectible accounts | $5,585 | $4,523 | $1,302 | $5,711 | $5,699 |
| Injuries and damages | 3,275 | 992 | — | 640 | 3,627 |
| 2023: | |||||
| Reserve for uncollectible accounts | $5,546 | $3,527 | $975 | $4,463 | $5,585 |
| Injuries and damages | 2,802 | 974 | — | 501 | 3,275 |
(1)Represents deductions from the reserves for purposes for which the reserves were created. In the case of uncollectible accounts, and notes reserves, includes reversals of amounts previously reserved.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.