IDACORP enters $600M ATM equity distribution agreement with forward sale provisions

IDACORP INC

Agreement dated May 15, 2026, allows sale of up to $600M of common stock via ATM offerings, including forward sale agreements.
Commission up to 1.000% of sales price for shares sold directly; forward sellers receive similar commission via reduced forward price.
Company may settle forward sales physically for cash proceeds, or elect cash or net share settlement which may yield no proceeds.
Shares issued under existing shelf registration (File No. 333-285140) filed Feb 21, 2025.
Managers include lenders under IDACORP's and Idaho Power's revolving credit facilities.

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