News Releases
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news releases. |
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| 2009 |
| 6/10/2009 IDACORP, Inc. and Idaho Power File Report with Securities and Exchange Commission BOISE, Idaho, Monday, June 8, 2009— IDACORP, Inc. (NYSE:IDA) and Idaho Power filed a report with the Securities and Exchange Commission on key regulatory decisions and other business related activities, including updated information addressing the continuing need for the Langley Gulch Power Plant. This power plant is an integral part of a plan that directly contributes to Idaho Power’s ability to meet its commitment and obligation of ensuring adequate, responsible energy supplies across southern Idaho and eastern Oregon. |
| 5/15/2009 IDACORP, Inc. Annual Meeting Scheduled for May 21 BOISE, Idaho, Friday, May 15, 2009—IDACORP, Inc.(NYSE:IDA) hosts its 2009 Annual Meeting of Shareholders Thursday, May 21 at 10 a.m. Mountain Time at Idaho Power corporate headquarters, 1221 W. Idaho St., Boise. IDACORP and Idaho Power President and Chief Executive Officer J. LaMont Keen is the key speaker addressing the company’s 2008 performance and providing an outlook for 2009 and beyond. Formal notice of this meeting was mailed to shareholders. Attendance at the live on-site meeting is limited to IDACORP shareholders with proof of ownership. |
| 5/07/2009 IDACORP. Inc. Announces First Quarter 2009 Results IDACORP, Inc. (NYSE:IDA) reported first quarter 2009 net income attributable to IDACORP, Inc of $18.9 million or $0.40 per diluted share compared to $21.7 million or $0.48 per diluted share in the first quarter of 2008. Idaho Power Company, IDACORP's principal subsidiary, reported first quarter net income of 19.3 million compared to $21.3 million in 2008. |
| 4/30/2009 IDACORP Schedules First Quarter Earnings Release & Conference Call BOISE – IDACORP, Inc. (NYSE:IDA) will report its first quarter results on Thursday, May 7, in a news release before the stock markets open. The company will hold an analyst conference call that day at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time) to discuss the first quarter earnings. |
| 4/15/2009 Idaho Power Files Annual Power Cost Adjustment Idaho Power today filed for the annual power cost adjustment (PCA) with the Idaho Public Utilities Commission (IPUC). This filing reflects a true-up of last year's forecasted costs to actual expenses, as well as anticipated fuel costs for generating electricity, power purchases and offsets from the benefit of off-system sales for the coming year. The PCA, an annual filing in place since 1992, is strictly a cost recovery mechanism that passes on both the benefits and costs of supplying energy to Idaho Power customers. It does not contain a profit component. If approved, today's filing means a rate increase of $93.8 million for the company's Idaho customers, or 11.40 percent overall. For the typical residential customer using 1,050 kilowatt-hours of electricity each month, the monthly increase will be approximately $7.20. The actual percentage of change varies by customer group based upon the rate they pay for electricity. "A number of factors contribute to this year's PCA and the resulting increase," said Idaho Power General Manager of Power Supply Operations and Planning Karl Bokenkamp. "One factor is the significant increase in last year's actual energy costs compared to those forecast. We also forecast higher than normal energy costs for the coming year due to expected below-normal stream flows impacting hydroelectric generation. This impact reduces off-system sales benefits, increases power purchases and results in higher fuel costs to produce electricity with our system's thermal resources." The company actively manages its system operations to help lower power supply costs without jeopardizing its system reliability, service quality or obligation to serve. "Customers benefit from our system's surplus energy sales to the wholesale market," added Bokenkamp. "Off-system sales revenues are deducted from our power supply costs and reduce the rates our customers pay. However, this coming year, our ability to sell and the revenue generated are projected to be significantly less than the |
| 3/05/2009 IDACORP, Inc., Appoints Rex Blackburn Senior Vice President and General Counsel BOISE, Idaho, Thursday, March 5—IDACORP, Inc., and Idaho Power Company today announced the retirement of Senior Vice President and General Counsel Thomas R. Saldin and the subsequent appointment of Rex Blackburn to the position of senior vice president and general counsel effective April 1. |
| 2/19/2009 IDACORP Announces 2008 Results BOISE-IDACORP, Inc. (NYSE:IDA) reported 2008 net income of $98.4 million or $2.17 per diluted share compared to $82.3 million or $1.86 per diluted share in 2007. IDACORP reported 2008 fourth quarter net income of $7.4 million or $0.16 per diluted share, compared to $10.3 million or $.23 per diluted share in 2007. Idaho Power Company (IPC), IDACORP's principal subsidiary, reported fourth quarter net income of $7.7 million compared to $13.0 million in 2007. |
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