Idaho Power files limited rate case seeking $99.3M (7.31%) base rate increase, effective Jan 2025 if approved

IDACORP INC

Request covers 2024 incremental plant additions and ongoing labor costs; non-labor O&M and other revenue components unchanged.
Average Idaho residential customer (950 kWh/mo.) would see ~$7.48 monthly increase if approved as filed.
Idaho Power plans ~$1B grid investment in 2024 and ~$800M/yr over next five years to meet demand.
Oregon customers not impacted; IPUC review expected over several months with decision by Jan 1, 2025.
Applies same overall rate of return as 2023 general rate case; no changes to PCA, FCA, or energy efficiency rider.

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