Item 9A. Controls and Procedures
ITEM 9A. CONTROLS AND PROCEDURES
Disclosure Controls and Procedures - IDACORP, Inc.
The Chief Executive Officer and Chief Financial Officer of IDACORP, Inc., based on their evaluation of IDACORP, Inc.’s disclosure controls and procedures (as defined in Exchange Act Rule 13a-15(e)) as of December 31, 2022, have concluded that IDACORP, Inc.’s disclosure controls and procedures are effective as of that date.
Internal Control Over Financial Reporting - IDACORP, Inc.
Management’s Annual Report on Internal Control Over Financial Reporting
The management of IDACORP is responsible for establishing and maintaining adequate internal control over financial reporting for IDACORP. Internal control over financial reporting is defined in Rule 13a-15(f) promulgated under the Securities Exchange Act of 1934 as a process designed by, or under the supervision of, the company’s principal executive and principal financial officers and effected by the company’s board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America and includes those policies and procedures that:
• pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the company;
• provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles generally accepted in the United States of America, and that receipts and expenditures of the company are being made only in accordance with the authorizations of management and directors of the company; and
• provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the company’s assets that could have a material effect on the financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
IDACORP’s management assessed the effectiveness of the company’s internal control over financial reporting as of December 31, 2022. In making this assessment, the company’s management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated Framework (2013) .
Based on its assessment, management concluded that, as of December 31, 2022, IDACORP’s internal control over financial reporting is effective based on those criteria.
IDACORP’s independent registered public accounting firm has audited the financial statements included in this Annual Report on Form 10-K for the year ended December 31, 2022, and issued a report, which appears on the next page and expresses an unqualified opinion on the effectiveness of IDACORP’s internal control over financial reporting as of December 31, 2022.
February 16, 2023
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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the shareholders and the Board of Directors of
IDACORP, Inc.
Opinion on Internal Control over Financial Reporting
We have audited the internal control over financial reporting of IDACORP, Inc. and subsidiaries (the “Company”) as of December 31, 2022, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). In our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2022, based on criteria established in Internal Control - Integrated Framework (2013) issued by COSO.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated financial statements as of and for the year ended December 31, 2022, of the Company and our report dated February 16, 2023, expressed an unqualified opinion on those financial statements.
Basis for Opinion
The Company’s management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management’s Annual Report on Internal Control Over Financial Reporting. Our responsibility is to express an opinion on the Company’s internal control over financial reporting based on our audit. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.
Definition and Limitations of Internal Control over Financial Reporting
A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
/s/ DELOITTE & TOUCHE LLP
Boise, Idaho
February 16, 2023
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Disclosure Controls and Procedures - Idaho Power Company
The Chief Executive Officer and Chief Financial Officer of Idaho Power Company, based on their evaluation of Idaho Power Company's disclosure controls and procedures (as defined in Exchange Act Rule 13a-15(e)) as of December 31, 2022, have concluded that Idaho Power Company's disclosure controls and procedures are effective as of that date.
Internal Control Over Financial Reporting - Idaho Power Company
Management’s Annual Report on Internal Control Over Financial Reporting
The management of Idaho Power Company (Idaho Power) is responsible for establishing and maintaining adequate internal control over financial reporting of Idaho Power. Internal control over financial reporting is defined in Rule 13a-15(f) promulgated under the Securities Exchange Act of 1934 as a process designed by, or under the supervision of, the company’s principal executive and principal financial officers and effected by the company’s board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America and includes those policies and procedures that:
• pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the company;
• provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles generally accepted in the United States of America, and that receipts and expenditures of the company are being made only in accordance with the authorizations of management and directors of the company; and
• provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the company’s assets that could have a material effect on the financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
Idaho Power’s management assessed the effectiveness of the company’s internal control over financial reporting as of December 31, 2022. In making this assessment, the company’s management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated Framework (2013) .
Based on its assessment, management concluded that, as of December 31, 2022, Idaho Power’s internal control over financial reporting is effective based on those criteria.
Idaho Power’s independent registered public accounting firm has audited the financial statements included in this Annual Report on Form 10-K for the year ended December 31, 2022, and issued a report which appears on the next page and expresses an unqualified opinion on the effectiveness of Idaho Power’s internal control over financial reporting as of December 31, 2022.
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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the shareholder and the Board of Directors of
Idaho Power Company
Opinion on Internal Control over Financial Reporting
We have audited the internal control over financial reporting of Idaho Power Company and subsidiary (the “Company”) as of December 31, 2022, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). In our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2022, based on criteria established in Internal Control - Integrated Framework (2013) issued by COSO.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated financial statements as of and for the year ended December 31, 2022, of the Company and our report dated February 16, 2023, expressed an unqualified opinion on those financial statements.
Basis for Opinion
The Company’s management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management’s Annual Report on Internal Control Over Financial Reporting. Our responsibility is to express an opinion on the Company’s internal control over financial reporting based on our audit. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.
Definition and Limitations of Internal Control over Financial Reporting
A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
/s/ DELOITTE & TOUCHE LLP
Boise, Idaho
February 16, 2023
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Changes in Internal Control Over Financial Reporting - IDACORP, Inc. and Idaho Power Company
There have been no changes in IDACORP, Inc.’s or Idaho Power Company’s internal control over financial reporting during the quarter ended December 31, 2022, that have materially affected, or are reasonably likely to materially affect, IDACORP, Inc.’s or Idaho Power Company’s internal control over financial reporting.
ITEM 9B. OTHER INFORMATION
None.
ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
Not applicable.
PART III
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE
The portions of IDACORP’s definitive proxy statement appearing under the captions “Proposal No. 1: Election of Directors,” “Delinquent Section 16(a) Reports,” “Board of Directors - Committees of the Board of Directors - Audit Committee,” “Corporate Governance at IDACORP - Codes of Business Conduct,” and "Corporate Governance at IDACORP - Certain Relationships and Related Transactions" to be filed pursuant to Regulation 14A for the 2023 annual meeting of shareholders are hereby incorporated by reference.
Information regarding IDACORP’s executive officers required by this item appears in Item 1 of this report under “Executive Officers of the Registrants.”
ITEM 11. EXECUTIVE COMPENSATION
The portion of IDACORP’s definitive proxy statement appearing under the caption “Executive Compensation” to be filed pursuant to Regulation 14A for the 2023 annual meeting of shareholders is hereby incorporated by reference.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
The portion of IDACORP’s definitive proxy statement appearing under the caption “Security Ownership of Directors, Executive Officers, and Five-Percent Shareholders” to be filed pursuant to Regulation 14A for the 2023 annual meeting of shareholders is hereby incorporated by reference. The table below includes information as of December 31, 2022, with respect to the IDACORP 2000 Long-Term Incentive and Compensation Plan (LTICP) pursuant to which equity securities of IDACORP may be issued.
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Equity Compensation Plan Information
Plan Category (a)
Number of securities to be issued upon exercise
of outstanding options, warrants and rights (b)
Weighted-average
exercise price of
outstanding options, warrants and rights (c)
Number of securities remaining available for future issuance under equity compensation
plans (excluding securities reflected in column (a))
Equity compensation plans approved by shareholders
229,236 (1) $ — (2) 350,763 (3)
Equity compensation plans not approved by shareholders
— $ — —
Total 229,236 $ — 350,763
(1) Represents shares subject to outstanding time-based restricted stock units, performance-based restricted stock units (at target), and deferred director stock unit awards, all under the LTICP. Restricted stock unit awards and director deferred stock unit awards may be settled only for shares of common stock on a one-for-one basis.
(2) None of the outstanding awards included in column (a) have an exercise price.
(3) Shares under the LTICP may be issued in connection with stock options, stock appreciation rights, restricted stock, restricted stock units, performance units, performance shares, or other equity-based awards.
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
The portions of IDACORP’s definitive proxy statement appearing under the captions “Certain Relationships and Related Transactions” and “Corporate Governance at IDACORP – Director Independence and Executive Sessions” to be filed pursuant to Regulation 14A for the 2023 annual meeting of shareholders are hereby incorporated by reference.
ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES
IDACORP: The portion of IDACORP’s definitive proxy statement appearing under the caption “Independent Accountant Billings” in the proxy statement to be filed pursuant to Regulation 14A for the 2023 annual meeting of shareholders is hereby incorporated by reference.
Idaho Power: The table below presents the aggregate fees of Idaho Power's principal independent registered public accounting firm, Deloitte & Touche LLP, billed or is expected to bill to Idaho Power for the fiscal years ended December 31, 2022 and 2021:
2022 2021
Audit fees $ 1,695,995 $ 1,526,750
Audit-related fees (1)
6,872 —
Tax fees (1)
— 19,885
All other fees (2)
8,294 12,050
Total $ 1,711,161 $ 1,558,685
(1) Includes fees for consultation related to tax planning and accounting.
(2) Accounting research tool subscription and fees for finance and accounting conference attendance.
Policy on Audit Committee Pre-Approval:
Idaho Power and the Audit Committee are committed to ensuring the independence of the independent registered public accounting firm, both in fact and in appearance. In this regard, the Audit Committee has established and periodically reviews a pre-approval policy for audit and non-audit services. For 2022 and 2021, all audit and non-audit services and all fees paid in connection with those services were pre-approved by the Audit Committee.
In addition to the audits of Idaho Power’s consolidated financial statements, the independent public accounting firm may be engaged to provide certain audit-related, tax, and other services. The Audit Committee must pre-approve all services performed by the independent public accounting firm to assure that the provision of those services does not impair the public accounting firm’s independence. The services that the Audit Committee will consider include: audit services such as attest services,
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changes in the scope of the audit of the financial statements, and the issuance of comfort letters and consents in connection with financings; audit-related services such as internal control reviews and assistance with internal control reporting requirements; attest services related to financial reporting that are not required by statute or regulation, and accounting consultations and audits related to proposed transactions and new or proposed accounting rules, standards and interpretations; and tax compliance and planning services. Unless a type of service to be provided by the independent public accounting firm has received general pre-approval, it will require specific pre-approval by the Audit Committee. In addition, any proposed services exceeding pre-approved cost levels will require specific pre-approval by the Audit Committee. Under the pre-approval policy, the Audit Committee has delegated to the Chairman of the Audit Committee pre-approval authority for proposed services; however, the Chairman must report any pre-approval decisions to the Audit Committee at its next scheduled meeting.
Any request to engage the independent public accounting firm to provide a service which has not received general pre-approval must be submitted as a written proposal to Idaho Power’s Chief Financial Officer with a copy to the General Counsel. The request must include a detailed description of the service to be provided, the proposed fee, and the business reasons for engaging the independent public accounting firm to provide the service. Upon approval by the Chief Financial Officer, the General Counsel, and the independent public accounting firm that the proposed engagement complies with the terms of the pre-approval policy and the applicable rules and regulations, the request will be presented to the Audit Committee or the Audit Committee Chairman, as the case may be, for pre-approval.
In determining whether to pre-approve the engagement of the independent public accounting firm, the Audit Committee or the Committee Chairman, as the case may be, must consider, among other things, the pre-approval policy, applicable rules and regulations, and whether the nature of the engagement and the related fees are consistent with the following principles:
• the independent public accounting firm cannot function in the role of management of Idaho Power; and
• the independent public accounting firm cannot audit its own work.
The pre-approval policy and separate supplements to the pre-approval policy describe the specific audit, audit-related, tax, and other services that have the general pre-approval of the Audit Committee. The term of any pre-approval is 12 months from the date of pre-approval, unless the Audit Committee specifically provides for a different period. The Audit Committee will periodically revise the list of pre-approved services, based on subsequent determinations.
PART IV
ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
(1) and (2) Refer to Part II, Item 8 - “Financial Statements” for a complete listing of consolidated financial statements and financial statement schedules.
(3) Exhibits . Note Regarding Reliance on Statements in Agreements : The agreements filed as exhibits to IDACORP's and Idaho Power's Annual Report on Form 10-K for the year ended December 31, 2022, are filed to provide information regarding their terms and are not intended to provide any other factual or disclosure information about IDACORP, Inc., Idaho Power Company, or the other parties to the agreements. Some of the agreements contain statements, representations, and warranties by each of the parties to the applicable agreement. These representations and warranties have been made solely for the benefit of the other parties to the applicable agreement and (a) should not in all instances be treated as categorical statements of fact, but rather as a way of allocating the risk to one of the parties to the agreement if those statements prove to be inaccurate; (b) have been qualified by disclosures that were made to the other party, which disclosures are not necessarily reflected in the agreement; (c) may apply standards of materiality in a way that is different from what may be viewed as material to investors; and (d) were made only as of the date of the applicable agreement or such other date or dates as may be specified in the agreement and are subject to more recent developments. Accordingly, readers should not rely upon the statements, representations, or warranties made in the agreements.
Incorporated by Reference
Exhibit No. Exhibit Description Form File No. Exhibit No. Date Included Herewith
2 Agreement and Plan of Exchange between IDACORP, Inc. and Idaho Power Company, dated as of February 2, 1998
S-4 333-48031 A 3/16/1998
3.1 Restated Articles of Incorporation of Idaho Power Company as filed with the Secretary of State of Idaho on June 30, 1989 S-3 Post-Effective Amend. No. 2 33-00440* 4(a)(xiii) 6/30/1989
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Incorporated by Reference
Exhibit No. Exhibit Description Form File No. Exhibit No. Date Included Herewith
3.2 Statement of Resolution Establishing Terms of Flexible Auction Series A, Serial Preferred Stock, Without Par Value (cumulative stated value of $100,000 per share) of Idaho Power Company, as filed with the Secretary of State of Idaho on November 5, 1991 S-3 33-65720* 4(a)(ii) 7/7/1993
3.3 Statement of Resolution Establishing Terms of 7.07% Serial Preferred Stock, Without Par Value (cumulative stated value of $100 per share) of Idaho Power Company, as filed with the Secretary of State of Idaho on June 30, 1993 S-3 33-65720* 4(a)(iii) 7/7/1993
3.4 Articles of Share Exchange, as filed with the Secretary of State of Idaho on September 29, 1998
S-8 Post-Effective Amend. No. 1 33-56071-99 3(d) 10/1/1998
3.5 Articles of Amendment to Restated Articles of Incorporation of Idaho Power Company, as filed with the Secretary of State of Idaho on June 15, 2000
10-Q 1-3198 3(a)(iii) 8/4/2000
3.6 Articles of Amendment to Restated Articles of Incorporation of Idaho Power Company, as filed with the Secretary of State of Idaho on January 21, 2005
8-K 1-3198 3.3 1/26/2005
3.7 Articles of Amendment to Restated Articles of Incorporation of Idaho Power Company, as amended, as filed with the Secretary of State of Idaho on November 19, 2007
8-K 1-3198 3.3 11/19/2007
3.8 Articles of Amendment to Restated Articles of Incorporation of Idaho Power Company, as amended, as filed with the Secretary of State of Idaho on May 18, 2012
8-K 1-3198 3.14 5/21/2012
3.9 Amended Bylaws of Idaho Power Company, amended on November 15, 2007 and presently in effect
8-K 1-3198 3.2 11/19/2007
3.10 Articles of Incorporation of IDACORP, Inc.
S-3 333-64737 3.1 11/4/1998
3.11 Articles of Amendment to Articles of Incorporation of IDACORP, Inc. as filed with the Secretary of State of Idaho on March 9, 1998
S-3 Amend. No. 1 333-64737 3.2 11/4/1998
3.12 Articles of Amendment to Articles of Incorporation of IDACORP, Inc. creating A Series Preferred Stock, without par value, as filed with the Secretary of State of Idaho on September 17, 1998
S-3 Post-Effective Amend. No. 1 333-00139-99 3(b) 9/22/1998
3.13 Articles of Amendment to Articles of Incorporation of IDACORP, Inc., as amended, as filed with the Secretary of State of Idaho on May 18, 2012
8-K 1-14465 3.13 5/21/2012
3.14 Amended and Restated Bylaws of IDACORP, Inc., amended on October 29, 2014 and presently in effect
10-Q 1-14465 3.15 10/30/2014
4.1 Mortgage and Deed of Trust, dated as of October 1, 1937, between Idaho Power Company and Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company) and R. G. Page, as Trustees 2-3413* B-2
4.2 Idaho Power Company Supplemental Indentures to Mortgage and Deed of Trust:
File number 1-MD, as Exhibit B-2-a, First, July 1, 1939*
File number 2-5395, as Exhibit 7-a-3, Second, November 15, 1943*
File number 2-7237, as Exhibit 7-a-4, Third, February 1, 1947*
File number 2-7502, as Exhibit 7-a-5, Fourth, May 1, 1948*
File number 2-8398, as Exhibit 7-a-6, Fifth, November 1, 1949*
File number 2-8973, as Exhibit 7-a-7, Sixth, October 1, 1951*
File number 2-12941, as Exhibit 2-C-8, Seventh, January 1, 1957*
File number 2-13688, as Exhibit 4-J, Eighth, July 15, 1957*
File number 2-13689, as Exhibit 4-K, Ninth, November 15, 1957*
File number 2-14245, as Exhibit 4-L, Tenth, April 1, 1958*
File number 2-14366, as Exhibit 2-L, Eleventh, October 15, 1958*
File number 2-14935, as Exhibit 4-N, Twelfth, May 15, 1959*
File number 2-18976, as Exhibit 4-O, Thirteenth, November 15, 1960*
File number 2-18977, as Exhibit 4-Q, Fourteenth, November 1, 1961*
File number 2-22988, as Exhibit 4-B-16, Fifteenth, September 15, 1964*
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Incorporated by Reference
Exhibit No. Exhibit Description Form File No. Exhibit No. Date Included Herewith
File number 2-24578, as Exhibit 4-B-17, Sixteenth, April 1, 1966*
File number 2-25479, as Exhibit 4-B-18, Seventeenth, October 1, 1966*
File number 2-45260, as Exhibit 2(c), Eighteenth, September 1, 1972*
File number 2-49854, as Exhibit 2(c), Nineteenth, January 15, 1974*
File number 2-51722, as Exhibit 2(c)(i), Twentieth, August 1, 1974*
File number 2-51722, as Exhibit 2(c)(ii), Twenty-first, October 15, 1974*
File number 2-57374, as Exhibit 2(c), Twenty-second, November 15, 1976*
File number 2-62035, as Exhibit 2(c), Twenty-third, August 15, 1978*
File number 33-34222, as Exhibit 4(d)(iii), Twenty-fourth, September 1, 1979*
File number 33-34222, as Exhibit 4(d)(iv), Twenty-fifth, November 1, 1981*
File number 33-34222, as Exhibit 4(d)(v), Twenty-sixth, May 1, 1982*
File number 33-34222, as Exhibit 4(d)(vi), Twenty-seventh, May 1, 1986*
File number 33-00440, as Exhibit 4(c)(iv), Twenty-eighth, June 30, 1989*
File number 33-34222, as Exhibit 4(d)(vii), Twenty-ninth, January 1, 1990*
File number 33-65720, as Exhibit 4(d)(iii), Thirtieth, January 1, 1991*
File number 33-65720, as Exhibit 4(d)(iv), Thirty-first, August 15, 1991*
File number 33-65720, as Exhibit 4(d)(v), Thirty-second, March 15, 1992*
File number 33-65720, as Exhibit 4(d)(vi), Thirty-third, April 1, 1993*
File number 1-3198, Form 8-K, filed on 12/20/93, as Exhibit 4, Thirty-fourth, December 1, 1993*
File number 1-3198, Form 8-K, filed on 11/21/00, as Exhibit 4, Thirty-fifth, November 1, 2000
File number 1-3198, Form 8-K, filed on 10/1/01, as Exhibit 4, Thirty-sixth, October 1, 2001
File number 1-3198, Form 8-K, filed on 4/16/03, as Exhibit 4, Thirty-seventh, April 1, 2003
File number 1-3198, Form 10-Q for the quarter ended June 30, 2003, filed on 8/7/03, as Exhibit 4(a)(iii), Thirty-eighth, May 15, 2003
File number 1-3198, Form 10-Q for the quarter ended September 30, 2003, filed on 11/6/03, as Exhibit 4(a)(iv), Thirty-ninth, October 1, 2003
File number 1-3198, Form 8-K filed on 5/10/05, as Exhibit 4, Fortieth, May 1, 2005
File number 1-3198, Form 8-K filed on 10/10/06, as Exhibit 4, Forty-first, October 1, 2006
File number 1-3198, Form 8-K filed on 6/4/07, as Exhibit 4, Forty-second, May 1, 2007
File number 1-3198, Form 8-K filed on 9/26/07, as Exhibit 4, Forty-third, September 1, 2007
File number 1-3198, Form 8-K filed on 4/3/08, as Exhibit 4, Forty-fourth, April 1, 2008
File number 1-3198, Form 10-K filed on 2/23/10, as Exhibit 4.10, Forty-fifth, February 1, 2010
File number 1-3198, Form 8-K filed on 6/18/10, as Exhibit 4, Forty-sixth, June 1, 2010
File number 1-3198, Form 8-K filed on 7/12/2013, as Exhibit 4.1, Forty-seventh, July 1, 2013
File number 1-3198, Form 8-K filed on 9/27/2016, as Exhibit 4.1, Forty-eighth, September 1, 2016
File number 1-3198, Form 8-K filed on 6/8/2020, as Exhibit 4.1, Forty-ninth, June 5, 2020
File number 1-3198, Form 8-K filed on 6/30/2022, as Exhibit 4.1, Fiftieth, June 30, 2022
File number 1-3198, Form 10-Q filed on 11/3/2022, as Exhibit 4.1, Fifty-first, October 14, 2022
File number 1-3198, Form 8-K filed on 12/22/2022, as Exhibit 4.1, Fifty-second, December 20, 2022
4.3 Instruments relating to Idaho Power Company American Falls bond guarantee (see Exhibit 10.13)
10-Q 1-3198 4(b) 8/4/2000
4.4 Agreement of Idaho Power Company to furnish certain debt instruments S-3 33-65720* 4(f) 7/7/1993
4.5 Agreement and Plan of Merger dated March 10, 1989, between Idaho Power Company, a Maine corporation, and Idaho Power Migrating Corporation S-3 Post-Effective Amend. No. 2 33-00440* 2(a)(iii) 6/30/1989
4.6 Indenture for Senior Debt Securities dated as of February 1, 2001, between IDACORP, Inc. and Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), as trustee
8-K 1-14465 4.1 2/28/2001
4.7 First Supplemental Indenture dated as of February 1, 2001 to Indenture for Senior Debt Securities dated as of February 1, 2001 between IDACORP, Inc. and Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), as trustee
8-K 1-14465 4.2 2/28/2001
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Incorporated by Reference
Exhibit No. Exhibit Description Form File No. Exhibit No. Date Included Herewith
4.8 Indenture for Debt Securities dated as of August 1, 2001 between Idaho Power Company and Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), as trustee
S-3 333-67748 4.13 8/16/2001
4.9 Idaho Power Company Instrument of Further Assurance relating to Mortgage and Deed of Trust, dated as of August 3, 2010
10-Q 1-3198 4.12 8/5/2010
4.10 Description of the Registrant's Securities
10-K 1-14465, 1-3198 4.10 2/18/21
10.1 Amended and Restated Agreement for the Operation of the Jim Bridger Project, dated December 11, 2014, between Idaho Power Company and PacifiCorp
10-K 1-14465, 1-3198 10.4 2/19/2015
10.2 Amended and Restated Agreement for the Ownership of the Jim Bridger Project, dated December 11, 2014, between Idaho Power Company and PacifiCorp
10-K 1-14465, 1-3198 10.5 2/19/2015
10.3 Framework Agreement, dated October 1, 1984, between the State of Idaho and Idaho Power Company relating to Idaho Power Company's Swan Falls and Snake River water rights S-3 33-65720* 10(h) 7/7/1993
10.4 Agreement, dated October 25, 1984, between the State of Idaho and Idaho Power Company, relating to the agreement filed as Exhibit 10.3 S-3 33-65720* 10(h)(i) 7/7/1993
10.5 Contract to Implement, dated October 25, 1984, between the State of Idaho and Idaho Power Company, relating to the agreement filed as Exhibit 10.3 S-3 33-65720* 10(h)(ii) 7/7/1993
10.6 Settlement Agreement, dated March 25, 2009, between the State of Idaho and Idaho Power Company relating to the agreement filed as Exhibit 10.3
10-Q 1-14465* 10.58 5/7/2009
10.7 Agreement Regarding the Ownership, Construction, Operation and Maintenance of the Milner Hydroelectric Project (FERC No. 2899), dated January 22, 1990, between Idaho Power Company and the Twin Falls Canal Company and the Northside Canal Company Limited S-3 33-65720* 10(m) 7/7/1993
10.8 Credit Agreement, dated November 6, 2015, among IDACORP, Inc., Wells Fargo Bank, National Association, as administrative agent, swingline lender, and LC issuer, JPMorgan Chase Bank, N.A., as syndication agent and LC issuer, KeyBank National Association and MUFG Union Bank, N.A., as documentation agents and LC Issuers, and Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, Keybanc Capital Markets Inc., and MUFG Union Bank, N.A. as joint lead arrangers and joint book runners, and the other lenders named therein
8-K 1-14465, 1-3198 10.1 11/9/2015
10.9 Credit Agreement, dated November 6, 2015, among Idaho Power Company, Wells Fargo Bank, National Association, as administrative agent, swingline lender, and LC issuer, JPMorgan Chase Bank, N.A., as syndication agent and LC issuer, KeyBank National Association and MUFG Union Bank, N.A., as documentation agents and LC Issuers, and Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, Keybanc Capital Markets, Inc., and MUFG Union Bank, N.A. as joint lead arrangers and joint book runners, and the other lenders named therein
8-K 1-14465, 1-3198 10.2 11/9/2015
10.10 First Amendment to Credit Agreement, dated December 6, 2019, among IDACORP, Inc., Wells Fargo Bank, National Association, as administrative agent, swingline lender, and LC issuer; JPMorgan Chase Bank, N.A., as syndication agent and LC issuer; KeyBank National Association and MUFG Bank, LTD., as documentation agents and LC Issuers; Wells Fargo Securities, LLC, and JPMorgan Chase Bank, N.A., as joint lead arrangers and joint book runners; and the other lenders named therein
8-K 1-14465, 1-3198 10.1 12/10/2019
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Incorporated by Reference
Exhibit No. Exhibit Description Form File No. Exhibit No. Date Included Herewith
10.11 First Amendment to Credit Agreement, dated December 6, 2019, among Idaho Power Company, Wells Fargo Bank, National Association, as administrative agent, swingline lender, and LC issuer; JPMorgan Chase Bank, N.A., as syndication agent and LC issuer; KeyBank National Association and MUFG Bank, LTD., as documentation agents and LC Issuers; Wells Fargo Securities, LLC, and JPMorgan Chase Bank, N.A., as joint lead arrangers and joint book runners; and the other lenders named therein
8-K 1-14465, 1-3198 10.2 12/10/2019
10.12 Second Amendment to Credit Agreement, dated December 3, 2021, among IDACORP, Inc., Wells Fargo Bank, National Association, as administrative agent, an extending lender, swingline lender, and LC issuer; JPMorgan Chase Bank, N.A.; KeyBank National Association and MUFG Union Bank, N.A., as extending lenders and LC Issuers; and the other financial institutions party thereto
8-K 1-14465, 1-3198 10.1 12/3/2021
10.13 Second Amendment to Credit Agreement, dated December 3, 2021, among Idaho Power Company, Wells Fargo Bank, National Association, as administrative agent, an extending lender, swingline lender, and LC issuer; JPMorgan Chase Bank, N.A.; KeyBank National Association and MUFG Union Bank, N.A., as extending lenders and LC Issuers; and the other financial institutions party thereto
8-K 1-14465, 1-3198 10.2 12/3/2021
10.14 Third Amendment to Credit Agreement, dated November 18, 2022, among IDACORP, Inc., Wells Fargo Bank, National Association, as administrative agent, an extending lender, swingline lender, and LC issuer; JPMorgan Chase Bank, N.A.; and MUFG Union Bank, N.A., as extending lenders and LC Issuers; and the other financial institutions party thereto
8-K 1-14465, 1-3198 10.1 11/23/2022
10.15 Third Amendment to Credit Agreement, dated November 18, 2022, among Idaho Power Company, Wells Fargo Bank, National Association, as administrative agent, an extending lender, swingline lender, and LC issuer; JPMorgan Chase Bank, N.A.; and MUFG Union Bank, N.A., as extending lenders and LC Issuers; and the other financial institutions party thereto
8-K 1-14465, 1-3198 10.2 11/23/2022
10.16 Term Loan Credit Agreement, dated March 4, 2022, among Idaho Power Company, Wells Fargo Bank, National Association, as administrative agent, and U.S. Bank National Association
8-K 1-14465, 1-3198 10.1 3/4/2022
10.17 Loan Agreement, dated October 1, 2006, between Sweetwater County, Wyoming and Idaho Power Company
8-K 1-3198 10.1 10/10/2006
10.18 Guaranty Agreement, dated April 11, 2000, between Idaho Power Company and Bank One Trust Company, N.A., as Trustee, relating to $19,885,000 American Falls Replacement Dam Refinancing Bonds of the American Falls Reservoir District, Idaho
10-Q 1-3198 10(c) 8/4/2000
10.19 1
Idaho Power Company Security Plan for Senior Management Employees I, amended and restated effective December 31, 2004, and as further amended November 20, 2008
10-K 1-14465, 1-3198 10.15 2/26/2009
10.20 1
Amendment, dated September 19, 2012, to the Idaho Power Company Security Plan for Senior Management Employees I
10-Q 1-14465, 1-3198 10.62 11/1/2012
10.21 1
Idaho Power Company Security Plan for Senior Management Employees II, as amended and restated February 8, 2017
10-K 1-14465, 1-3198 10.31 2/23/2017
10.22 1
Amendment to the Idaho Power Company Security Plan for Senior Management Employees II, as amended May 17, 2017
10-Q 1-14465, 1-3198 10.1 8/3/2017
10.23 1
Idaho Power Company Security Plan for Board of Directors - a non-qualified deferred compensation plan, as amended and restated effective July 20, 2006
10-Q 1-14465, 1-3198 10(h)(viii) 11/2/2006
10.24 1
IDACORP, Inc. Non-Employee Directors Stock Compensation Plan, as amended February 10, 2022
10-K 1-14465, 1-3198 10.21 2/17/2022
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Incorporated by Reference
Exhibit No. Exhibit Description Form File No. Exhibit No. Date Included Herewith
10.25 1
Form of Officer Indemnification Agreement between IDACORP, Inc. and Officers of IDACORP, Inc. and Idaho Power Company, as amended July 20, 2006
10-Q 1-14465, 1-3198 10(h)(xix) 11/2/2006
10.26 1
Form of Director Indemnification Agreement between IDACORP, Inc. and Directors of IDACORP, Inc., as amended July 20, 2006
10-Q 1-14465, 1-3198 10(h)(xx) 11/2/2006
10.27 1
Form of Amended and Restated Change in Control Agreement between IDACORP, Inc. and Officers of IDACORP and Idaho Power Company (senior vice president and higher), approved November 20, 2008
10-K 1-14465, 1-3198 10.24 2/26/2009
10.28 1
Form of Amended and Restated Change in Control Agreement between IDACORP, Inc. and Officers of IDACORP and Idaho Power Company (below senior vice president), approved November 20, 2008
10-K 1-14465, 1-3198 10.25 2/26/2009
10.29 1
Form of Amended and Restated Change in Control Agreement between IDACORP, Inc. and Officers of IDACORP, Inc. and Idaho Power Company, approved March 17, 2010
8-K 1-14465, 1-3198 10.1 3/24/2010
10.30 1
IDACORP, Inc. and/or Idaho Power Company Executive Officers with Amended and Restated Change in Control Agreements chart
X
10.31 1
IDACORP, Inc. 2000 Long-Term Incentive and Compensation Plan, as amended and restated February 9, 2017
10-K 1-14465, 1-3198 10.41 2/23/2017
10.32 1
IDACORP, Inc. 2000 Long-Term Incentive and Compensation Plan - Form of Restricted Unit Award Agreement (Time Vesting)
10-K 1-14465, 1-3198 10.30 2/21/2019
10.33 1
IDACORP, Inc. 2000 Long-Term Incentive and Compensation Plan - Form of Performance Unit Award Agreement (Performance with Total Shareholder Return Goal)
10-K 1-14465, 1-3198 10.31 2/21/2019
10.34 1
IDACORP, Inc. 2000 Long-Term Incentive and Compensation Plan - Form of Performance Unit Award Agreement (Performance with Cumulative Earnings Per Share Goal)
10-K 1-14465, 1-3198 10.32 2/21/2019
10.35 1
IDACORP, Inc. Executive Incentive Plan, as amended and restated November 14, 2018
10-K 1-14465, 1-3198 10.36 2/21/2019
10.36 1
Idaho Power Company Executive Deferred Compensation Plan, effective November 15, 2000, as amended November 20, 2008
10-K 1-14465, 1-3198 10.32 2/26/2009
10.37 1
IDACORP, Inc. and Idaho Power Company Compensation for Non-Employee Directors of the Board of Directors, effective January 1, 2022
10-K 1-14465, 1-3198 10.34 2/17/2022
10.38 1
Form of IDACORP, Inc. Director Deferred Compensation Agreement, as amended November 20, 2008
10-K 1-14465, 1-3198 10.46 2/26/2009
10.39 1
Form of Letter Agreement to Amend Outstanding IDACORP, Inc. Director Deferred Compensation Agreement ( December 16, 2008)
10-K 1-14465, 1-3198 10.47 2/26/2009
10.40 1
Form of Amendment to IDACORP, Inc. Director Deferred Compensation Agreement, as amended November 20, 2008
10-K 1-14465, 1-3198 10.48 2/26/2009
10.41 1
Form of Termination of IDACORP, Inc. Director Deferred Compensation Agreement, as amended November 20, 2008
10-K 1-14465, 1-3198 10.49 2/26/2009
10.42 1
Form of Idaho Power Company Director Deferred Compensation Agreement, as amended November 20, 2008
10-K 1-14465, 1-3198 10.50 2/26/2009
10.43 1
Form of Letter Agreement to Amend Outstanding Idaho Power Company Director Deferred Compensation Agreement ( December 16, 2008)
10-K 1-14465, 1-3198 10.51 2/26/2009
10.44 1
Form of Amendment to Idaho Power Company Director Deferred Compensation Agreement, as amended November 20, 2008
10-K 1-14465, 1-3198 10.52 2/26/2009
10.45 1
Form of Termination of Idaho Power Company Director Deferred Compensation Agreement, as amended November 20, 2008
10-K 1-14465, 1-3198 10.53 2/26/2009
10.46 1
Idaho Power Company Restated Employee Savings Plan, as restated as of January 1, 2016
10-K 1-14465, 1-3198 10.59 2/18/2016
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Incorporated by Reference
Exhibit No. Exhibit Description Form File No. Exhibit No. Date Included Herewith
10.47 1
Amendment, dated effective December 1, 2016, to the Idaho Power Company Restated Employee Savings Plan, as restated as of January 1, 2016
10-K 1-14465, 1-3198 10.61 2/23/2017
10.48 1
Second Amendment to the Idaho Power Company Employee Savings Plan, as amended January 1, 2018
10-Q 1-14465, 1-3198 10.1 11/2/2017
10.49 1
Third Amendment to the Idaho Power Company Employee Savings Plan, as amended April 26, 2018
10-Q 1-14465, 1-3198 10.4 5/3/2018
10.50 1
Fourth Amendment to the Idaho Power Company Employee Savings Plan, executed October 24, 2019 and effective January 1, 2020
10-Q 1-14465, 1-3198 10.1 10/31/2019
10.51 1
Fifth Amendment to the Idaho Power Company Employee Savings Plan, executed December 21, 2020 and effective January 1, 2020
10-K 1-14465, 1-3198 10.49 2/18/2021
10.52 1
Sixth Amendment to the Idaho Power Company Employee Savings Plan, executed March 7, 2022 and effective January 1, 2020
10-Q 1-14465, 1-3198 10.1 5/5/2022
21.1 Subsidiaries of IDACORP, Inc.
X
23.1 Consent of Registered Independent Accounting Firm
X
23.2 Consent of Registered Independent Accounting Firm
X
31.1 IDACORP, Inc. Rule 13a-14(a) CEO certification
X
31.2 IDACORP, Inc. Rule 13a-14(a) CFO certification
X
31.3 Idaho Power Rule 13a-14(a) CEO certification
X
31.4 Idaho Power Rule 13a-14(a) CFO certification
X
32.1 IDACORP, Inc. Section 1350 CEO certification
X
32.2 IDACORP, Inc. Section 1350 CFO certification
X
32.3 Idaho Power Section 1350 CEO certification
X
32.4 Idaho Power Section 1350 CFO certification
X
95.1 Mine Safety Disclosures
X
101.SCH Inline XBRL Taxonomy Extension Schema Document X
101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document X
101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document X
101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document X
101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document X
104 Cover Page Interactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits 101.) X
* Exhibit originally filed with the U.S. Securities and Exchange Commission in paper format and as such, a hyperlink is not available.
(1) Management contract or compensatory plan or arrangement
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IDACORP, INC.
SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
Year Ended December 31,
2022 2021 2020
(thousands of dollars)
Income:
Equity in income of subsidiaries $ 258,540 $ 245,591 $ 237,233
Investment income 1,795 148 748
Total income 260,335 245,739 237,981
Expenses:
Operating expenses 444 679 692
Interest expense 1,267 82 534
Other expenses 250 192 145
Total expenses 1,961 953 1,371
Income Before Income Taxes 258,374 244,786 236,610
Income Tax Benefit ( 608 ) ( 764 ) ( 807 )
Net Income Attributable to IDACORP, Inc. 258,982 245,550 237,417
Other comprehensive income (loss) 27,118 3,318 ( 7,074 )
Comprehensive Income Attributable to IDACORP, Inc. $ 286,100 $ 248,868 $ 230,343
The accompanying note is an integral part of these statements.
IDACORP, INC.
CONDENSED STATEMENTS OF CASH FLOWS
Year Ended December 31,
2022 2021 2020
(thousands of dollars)
Operating Activities:
Net cash provided by operating activities $ 77,048 $ 174,209 $ 168,699
Investing Activities:
Purchase of investments ( 26,620 ) ( 26,363 ) ( 25,000 )
Maturities of investments 25,000 50,000 —
Net cash (used in) provided by investing activities ( 1,620 ) 23,637 ( 25,000 )
Financing Activities:
Dividends on common stock ( 154,287 ) ( 146,119 ) ( 137,856 )
Change in intercompany notes payable ( 3,811 ) ( 2,167 ) ( 9,732 )
Other ( 3,184 ) ( 3,124 ) ( 4,663 )
Net cash used in financing activities ( 161,282 ) ( 151,410 ) ( 152,251 )
Net (decrease) increase in cash and cash equivalents ( 85,854 ) 46,436 ( 8,552 )
Cash and cash equivalents at beginning of year 153,025 106,589 115,141
Cash and cash equivalents at end of year $ 67,171 $ 153,025 $ 106,589
The accompanying note is an integral part of these statements.
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IDACORP, INC.
CONDENSED BALANCE SHEETS
December 31,
2022 2021
Assets (thousands of dollars)
Current Assets:
Cash and cash equivalents $ 67,171 $ 153,025
Receivables 56,446 2,050
Income taxes receivable 1,098 —
Other 98 102
Total current assets 124,813 155,177
Investments 2,739,616 2,570,150
Other Assets:
Deferred income taxes 131 5,004
Other 286 299
Total other assets 417 5,303
Total assets $ 2,864,846 $ 2,730,630
Liabilities and Shareholders’ Equity
Current Liabilities:
Taxes accrued $ — $ 850
Other — 777
Total current liabilities — 1,627
Other Liabilities:
Intercompany notes payable 57,048 59,928
Other 559 639
Total other liabilities 57,607 60,567
IDACORP, Inc. Shareholders’ Equity 2,807,239 2,668,436
Total Liabilities and Shareholders' Equity $ 2,864,846 $ 2,730,630
The accompanying note is an integral part of these statements.
NOTE TO CONDENSED FINANCIAL STATEMENTS
1. BASIS OF PRESENTATION
Pursuant to rules and regulations of the U.S. Securities and Exchange Commission, the unconsolidated condensed financial statements of IDACORP, Inc. do not reflect all of the information and notes normally included with financial statements prepared in accordance with accounting principles generally accepted in the United States of America. Therefore, these financial statements should be read in conjunction with the consolidated financial statements and related notes included in the 2022 Form 10-K, Part II, Item 8.
Accounting for Subsidiaries: IDACORP has accounted for the earnings of its subsidiaries under the equity method of accounting in these unconsolidated condensed financial statements. Included in net cash provided by operating activities in the condensed statements of cash flows are dividends that IDACORP subsidiaries paid to IDACORP of $ 117 million, $ 149 million, and $ 141 million in 2022, 2021, and 2020, respectively.
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IDACORP, INC. AND IDAHO POWER COMPANY
SCHEDULE II - CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS
Years Ended December 31, 2022, 2021, and 2020
Additions
Charged
Balance at Charged (Credited) Balance at
Beginning to to Other End
Classification of Year Income Accounts Deductions (1)
of Year
(thousands of dollars)
2022:
Reserve for uncollectible accounts $ 5,016 $ 3,294 $ 540 $ 3,304 $ 5,546
Injuries and damages 3,780 2,495 — 3,473 2,802
2021:
Reserve for uncollectible accounts $ 5,263 $ 2,083 $ 640 $ 2,970 $ 5,016
Injuries and damages 2,484 2,032 — 736 3,780
2020:
Reserve for uncollectible accounts $ 1,744 $ 5,239 $ 438 $ 2,158 $ 5,263
Injuries and damages 1,748 1,203 — 467 2,484
(1) Represents deductions from the reserves for purposes for which the reserves were created. In the case of uncollectible accounts, and notes reserves, includes reversals of amounts previously reserved.
ITEM 16. FORM 10-K SUMMARY
None.
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SIGNATURES
Pursuant to the requirements of Section 13 and 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
February 16, 2023 IDACORP, INC.
Date
By: /s/ Lisa A. Grow
Lisa A. Grow
President and Chief Executive Officer
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Signature Title Date
/s/ Richard J. Dahl Chairman of the Board February 16, 2023
Richard J. Dahl
/s/ Lisa A. Grow (Principal Executive Officer) February 16, 2023
Lisa A. Grow
President and Chief Executive Officer and Director
/s/ Brian R. Buckham (Principal Financial Officer) February 16, 2023
Brian R. Buckham
Senior Vice President and Chief Financial Officer
/s/ Kenneth W. Petersen (Principal Accounting Officer) February 16, 2023
Kenneth W. Petersen
Vice President, Chief Accounting Officer and Treasurer
/s/ Odette Bolano Director February 16, 2023
Odette Bolano
/s/ Thomas Carlile Director February 16, 2023
Thomas Carlile
/s/ Annette G. Elg Director February 16, 2023
Annette G. Elg
/s/ Ronald W. Jibson Director February 16, 2023
Ronald W. Jibson
/s/ Judith A. Johansen Director February 16, 2023
Judith A. Johansen
/s/ Dennis L. Johnson Director February 16, 2023
Dennis L. Johnson
/s/ Jeff C. Kinneeveauk Director February 16, 2023
Jeff C. Kinneeveauk
/s/ Richard J. Navarro Director February 16, 2023
Richard J. Navarro
/s/ Dr. Mark T. Peters Director February 16, 2023
Dr. Mark T. Peters
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SIGNATURES
Pursuant to the requirements of Section 13 and 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
February 16, 2023 Idaho Power Company
Date
By: /s/ Lisa A. Grow
Lisa A. Grow
President and Chief Executive Officer
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Signature Title Date
/s/ Richard J. Dahl Chairman of the Board February 16, 2023
Richard J. Dahl
/s/ Lisa A. Grow (Principal Executive Officer) February 16, 2023
Lisa A. Grow
President and Chief Executive Officer and Director
/s/ Brian R. Buckham (Principal Financial Officer) February 16, 2023
Brian R. Buckham
Senior Vice President and Chief Financial Officer
/s/ Kenneth W. Petersen (Principal Accounting Officer) February 16, 2023
Kenneth W. Petersen
Vice President, Chief Accounting Officer and Treasurer
/s/ Odette Bolano Director February 16, 2023
Odette Bolano
/s/ Thomas Carlile Director February 16, 2023
Thomas Carlile
/s/ Annette G. Elg Director February 16, 2023
Annette G. Elg
/s/ Ronald W. Jibson Director February 16, 2023
Ronald W. Jibson
/s/ Judith A. Johansen Director February 16, 2023
Judith A. Johansen
/s/ Dennis L. Johnson Director February 16, 2023
Dennis L. Johnson
/s/ Jeff C. Kinneeveauk Director February 16, 2023
Jeff C. Kinneeveauk
/s/ Richard J. Navarro Director February 16, 2023
Richard J. Navarro
/s/ Dr. Mark T. Peters Director February 16, 2023
Dr. Mark T. Peters
153