IDACORP Announces First Quarter 2006 Results
May 9, 2006
BOISE — IDACORP, Inc. (NYSE:IDA) today reported first quarter 2006 net income of $25.5 million ($0.60 per share) as compared with $23.1 million ($0.55 per share) in the first quarter 2005. Idaho Power Company, IDACORP’s principal operating subsidiary, contributed $0.59 per share in this year’s first quarter as compared with $0.51 last year.
"We had a good quarter. Abundant water in the rivers has doubled the output from Idaho Power’s hydro plants compared to a year ago, lowering the cost of production and tripling surplus sales for the benefit of customers and shareowners alike," said IDACORP President and Chief Executive Officer Jan B. Packwood. "In addition, all parties to the utility’s settlement discussions for the general rate case and the sharing of the proceeds from the sale of surplus emission allowances have reached agreement and submitted stipulations for consideration by the Idaho Public Utilities Commission."
CONTACTS:
Larry Spencer
IDACORP Director of Investor Relations
208-388-2664
208-388-6916 FAX
LSpencer@IdaCorpInc.com
|
|