Idacorp reports Q1 EPS 95c, consensus $1.15

“We ended the first quarter on plan, as we began to see the benefit of rate changes along with continued strong customer growth,” said CEO Lisa Grow. “These benefits were offset by lower usage per customer due to weather compared to last year’s record Q1, and by higher depreciation and interest expense from our system investments. We continue to work through the request for proposal process to ensure we have the resources we need to meet our rapid customer and load growth, which could lead to higher capital spending than previously projected”.