IPUC approves Idaho Power rate settlement increasing annual revenue by $54.7M

IDACORP INC

IPUC approved settlement increasing Idaho-jurisdictional retail revenue by $54.7M (4.25%) effective Jan 1, 2024.
Authorized 9.6% ROE and 7.247% rate of return on ~$3.8B rate base.
Base net power supply expense set at $484.9M; PCA rate decreased by $168.3M transferred into base rates.
Energy efficiency rider rate reduced from 3.1% to 2.35%; $3.5M shifted to base rates.
Residential price modernization plan and updated rate designs approved.

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