Idacorp reports Q4 EPS 61c, consensus 60c

“During 2023, we continued to see the benefits of strong, sustained customer growth, as well as our commitment to operating efficiently, with our operations and maintenance expenses coming in flat compared to last year,” said CEO Lisa Grow. “Partially offsetting those benefits were reductions in usage from mild weather, as well as higher depreciation and financing costs from the capital expenditures we are making to provide our growing customer base with reliable, affordable, and increasingly clean energy. We filed our first general rate cases in over a decade in Idaho and Oregon in 2023, and we reached a constructive outcome in Idaho with new rates effective January 1 of this year, while the Oregon case is pending. With necessary, thoughtful investments underway at unprecedented levels in our generation, transmission, and distribution resources, we could look to file another general rate case, or a limited issue rate proceeding, in Idaho as early as June of this year.”