Welcome to our dedicated page for Idacorp news (Ticker: IDA), a resource for investors and traders seeking the latest updates and insights on Idacorp stock.
Idacorp Inc (IDA) delivers essential electric utility services through subsidiary Idaho Power, serving commercial and industrial sectors across the Northwestern U.S. This news hub provides investors and stakeholders with timely updates on the company's regulated operations, financial performance, and strategic initiatives.
Access official press releases, earnings reports, and regulatory filings in one centralized location. Track developments in energy generation infrastructure, rate case decisions, and sustainability efforts impacting the company's service territory.
Key updates include quarterly financial disclosures, grid modernization projects, and compliance with state utility regulations. Content is organized to help users quickly identify material developments affecting Idacorp's position in the electric utility sector.
Bookmark this page for direct access to verified company announcements. Combine regular monitoring with SEC filings and investor relations materials for comprehensive analysis of Idacorp's performance in regulated energy markets.
The Pleasant Valley Solar project partners—Matrix Renewables, rPlus Energies, Sundt Construction, EliTe Solar, and Idaho Power—have committed $123,000 to scholarships at Boise State University and the College of Western Idaho. Each institution will receive $61,500 for two new scholarships: the Local First – Pleasant Valley Solar Scholarship and the Energy First – Pleasant Valley Solar Scholarship. The Local First Scholarship aims to support students in counties where rPlus Energies operates, while the Energy First Scholarship focuses on students pursuing careers in the energy sector. Both scholarships will be available starting December 2024. This initiative aligns with Matrix Renewables' mission to promote sustainable energy practices and community development. The Pleasant Valley Solar project, a 200 MW solar installation, is currently under construction and will power Meta's new data center in Kuna, ID.
IDACORP, Inc. reported Q1 2024 net income of $48.2 million, a decrease from Q1 2023 due to lower usage per customer, offset by rate changes and customer growth. The company reaffirmed its 2024 earnings guidance of $5.25-$5.45 per share, expecting higher capital spending. Idaho Power will use additional tax credits in 2024. Depreciation and interest expenses increased due to system investments, while other O&M expenses rose primarily from pension and wildfire mitigation costs. Total revenues increased, but transmission wheeling-related revenues decreased. Idaho Power expects growth in hydropower generation and O&M expenses in 2024.
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