IDA Idaho Power
Company profile
Ticker
IDA
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
820130980
Calendar
18 Feb 21
13 Apr 21
31 Dec 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Financial data from Idaho Power earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 275.12M | 275.12M | 275.12M | 275.12M | 275.12M | 275.12M |
| Cash burn (monthly) | 12.3M | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
| Cash used (since last report) | 42.26M | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 232.86M | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 18.9 | n/a | n/a | n/a | n/a | n/a |
Financial report summary
?Management Discussion
- IDACORP's net income increased $4.5 million for 2020 compared with 2019, due to higher net income at Idaho Power, offset partially by lower net income at IFS.
- Idaho Power's customer growth of 2.7 percent added $14.0 million to Idaho Power's operating income compared with 2019. Higher sales volumes on a per-customer basis increased operating income by $0.9 million in 2020 compared with 2019, as higher usage per residential and irrigation customers was mostly offset by decreased usage per commercial and industrial customer. Residential customers used more energy due to spending more time at home during the COVID-19 public health crisis combined with weather variations that caused residential customers to use more energy at home for cooling, and offset by reduced usage for heating, which increased usage per residential customer by an estimated 1 percent in 2020 compared with 2019. Also, less precipitation in Idaho Power's service area during the spring and early summer of 2020 compared with the same time period in 2019 led to an 11 percent increase in usage per irrigation customer in 2020. A decrease of 4 percent in usage per commercial customer and 1 percent per industrial customer in 2020 compared with 2019 was largely due to the economic impacts of the COVID-19 public health crisis. The increase in sales volumes per residential customer was partially offset by the FCA mechanism (applicable to residential and small general service customers), which decreased revenues in 2020 by $1.0 million as compared with 2019.
- The net decrease in retail revenues per MWh reduced operating income by $2.6 million in 2020 compared with 2019. The Idaho-jurisdiction PCA mechanism includes a cost or benefit ratio that allocates the deviations in certain net power supply expenses between customers (95 percent) and Idaho Power (5 percent). In 2019, net power supply expenses were reduced by significant wholesale energy sales. Higher wholesale energy prices during 2019 led to greater wholesale energy sales by Idaho
Content analysis
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| Legalese | ||
| Litigous | ||
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H.S. junior Avg
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New words:
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Removed:
agree, attractive, cycle, deductibility, deduction, enabled, estimating, finalizing, gather, lbs, lifted, lifting, median, modifying, multiplier, Oxbow, permanently, PowerPool, principle, Programmatic, promote, rehabilitation, remeasured, remeasurement, retrospective, shortfall, shown, simple, successfully, suite, Tier, unaudited, unusual, unwilling, vicinity
Financial reports
10-K
2020 FY
Annual report
18 Feb 21
10-Q
2020 Q3
Quarterly report
29 Oct 20
10-Q
2020 Q2
Quarterly report
30 Jul 20
10-Q
2020 Q1
Quarterly report
30 Apr 20
10-K
2019 FY
Annual report
20 Feb 20
10-Q
2019 Q3
Quarterly report
31 Oct 19
10-Q
2019 Q2
Quarterly report
1 Aug 19
10-Q
2019 Q1
Quarterly report
2 May 19
10-K
2018 FY
Annual report
21 Feb 19
10-Q
2018 Q3
Quarterly report
1 Nov 18
Current reports
8-K
IDACORP, Inc. Announces Fourth Quarter and Year-End 2020 Results, Initiates 2021 Earnings Guidance
18 Feb 21
8-K
Departure of Directors or Certain Officers
10 Feb 21
8-K
IDACORP, Inc. Announces Third Quarter 2020 Results, Tightens 2020 Earnings Guidance Upward
29 Oct 20
8-K
Departure of Directors or Certain Officers
16 Sep 20
8-K
IDACORP, Inc. Announces Second Quarter 2020 Results, Reaffirms 2020 Earnings Guidance
30 Jul 20
8-K
Other Events
18 Jun 20
8-K
Other Events
8 Jun 20
8-K
Submission of Matters to a Vote of Security Holders
26 May 20
8-K
IDACORP, Inc. Announces First Quarter 2020 Results, Affirms 2020 Earnings Guidance
30 Apr 20
8-K
Other Events
1 Apr 20
Registration and prospectus
424B5
Prospectus supplement for primary offering
17 Jun 20
FWP
Free writing prospectus
17 Jun 20
424B5
Prospectus supplement for primary offering
5 Jun 20
424B5
Prospectus supplement for primary offering
31 Mar 20
FWP
Free writing prospectus
31 Mar 20
424B5
Prospectus supplement for primary offering
31 Mar 20
S-3ASR
Automatic shelf registration
17 May 19
424B5
Prospectus supplement for primary offering
12 Mar 18
FWP
Free writing prospectus
12 Mar 18
424B5
Prospectus supplement for primary offering
26 Sep 16
Proxies
DEF 14A
Definitive proxy
11 Apr 04
DEF 14A
Definitive proxy
3 Apr 03
PRE 14A
Preliminary proxy
6 Jun 02
DEF 14A
Definitive proxy
7 Apr 02
DEF 14A
Definitive proxy
29 Mar 01
PRE 14A
Preliminary proxy
28 Feb 01
DEF 14A
Definitive proxy
23 Mar 00
PRE 14A
Preliminary proxy
10 Feb 00
DEF 14A
Definitive proxy
21 Mar 99
DEF 14A
Definitive proxy
20 Mar 97
Other
SD
Conflict minerals disclosure
27 May 19
CT ORDER
Confidential treatment order
31 Jan 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
30 May 16
UPLOAD
Letter from SEC
6 May 15
UPLOAD
Letter from SEC
19 Apr 15
CT ORDER
Confidential treatment order
17 Dec 12
UPLOAD
Letter from SEC
22 Oct 12
UPLOAD
Letter from SEC
12 Sep 12
CT ORDER
Confidential treatment order
20 Dec 10
Ownership
3
IDAHO POWER / Mark T Peters ownership change
18 Feb 21
3
IDAHO POWER / Odette C Bolano ownership change
17 Sep 20
3
IDAHO POWER / Mitchel D Colburn ownership change
17 Aug 20
3
IDAHO POWER / Tom J Harvey ownership change
9 Mar 20
3
IDAHO POWER / James Bo D Hanchey ownership change
4 Oct 19
3
IDAHO POWER / Sarah E Griffin ownership change
4 Oct 19
3
IDAHO POWER / Ryan Adelman ownership change
4 Oct 19
3
IDAHO POWER / Jeffrey Scott Glenn ownership change
11 Jun 18
3
IDAHO POWER / Adam J Richins ownership change
28 Feb 17
3
IDAHO POWER / Annette G Elg ownership change
14 Feb 17