Idaho Power reaches settlement stipulation in ID rate case; agreed revenue increase of ~$110M

IDACORP INC

Settlement stipulation filed with IPUC Oct 24, 2025; if approved, ~$110M annual revenue increase (7.48%) effective Jan 1, 2026.
Authorized ROE of 9.6% on ~$4.9B rate base; overall return of 7.410% (down from requested 10.4% ROE).
Base NPSE set at ~$468.8M, $16.1M below current level; includes modifications to ADITC amortization with $55M annual cap.
Continues deferral of wildfire mitigation costs (vegetation/insurance) through next rate case or 2027.
Original request was $199.1M; settlement reduces ask but provides certainty; IPUC approval pending.

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