IPUC approves Idaho Power rate settlement allowing $110M annual revenue increase

IDACORP INC

Annual Idaho-jurisdictional retail revenue to increase by ~$110M (7.48%), effective Jan 1, 2026.
Authorized return on equity of 9.6% and overall rate of return of 7.41% on ~$4.9B rate base.
Base net power supply expense reduced by $16.1M to ~$468.8M; wildfire cost deferral extended through 2027.
ADITC mechanism modified: annual cap of $55M accelerated amortization; revenue sharing threshold at 9.6% ROE persists.
Settlement stipulation approved; Idaho Power not precluded from filing another general rate case anytime.

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