Slide 1: Earnings Conference Call 2nd Quarter 2013
Earnings Conference Call 2" Quarter 2013 F 4 August 1, 2013 SSIDACORP, :
Slide 2: Leadership Presenting Today
y) IDACORP. Leadership Presenting Today LaMont Keen Darrel Anderson Steve Keen IDACORP President Idaho Power Company Idaho Power Company & Chief Executive Officer President Senior Vice President, Finance & Chief Financial Officer & Treasurer
Slide 3: Forward-Looking Statements
ZSIDACORP. Forward-Looking Statements Inaddition to the historical information contained in this presentation, this presentation contains (and oral communications made by IDACORP, Inc. and Idaho Power Company may cantain} statements that relate to future events and expectations and, as such, constit
Slide 4: Strong Earnings Performance
Strong Earnings Performance IDACORP Net Income and Earnings Per Share (in thousands except for per diluted share amounts) y) IDACORP. Three Months Six Months Ended June 30 Ended June 30 2013 2012 2013 2012 Net Income § 45,513 § 35,301 $ 79,046 $ 60,230 Weighted average outstanding shares — diluted 5
Slide 5: 2Q2012 to 2Q2013 Net Income Attributable to IDACORP
2Q2012 to 2Q2013 Net Income Attributable to IDACORP, Inc. (Millions) Net Income Attributable to IDACORP, Inc. — June 30, 2012 eT Rate changes, net of changes in power supply costs and power cost adjustment (PCA) mechanisms 2160 Increase in sales volumes attributable to usage per customer, net of ass
Slide 6: Improved Operating Income
Improved Operating Income — $100.0 $160.0 140.0 $79.4 $ fen $120.0 2 $56.5 2 $100.0 5 $600 g = = $80.0 = $40.0 x0 = $60.0 $40.0 $20.0 $20.0 $0.0 $0.0 2011 2012 2013 Three Months Ended June 30 Six Months Ended June 30
Slide 7: Key Financial & Operating Metrics and 2013 Earnings Guidance
y) IDACORP. Key Financial & Operating Metrics and 2013 Earnings Guidance 2013 Estimates Current) Previous?) Idaho Power Operations & Maintenance Expense (millions) © $ 335-$ 345 $ 340-$ 350 No Change $0 $ 230-$ 240 $ 245-$ 255 Idaho Power Additional Amortization of ADITC (millions) Idaho Power Capit
Slide 8: Operating Cash Flows and Liquidity
ZSIDACORP. Operating Cash Flows (Millions) Six Months Ended June 30 IDACORP 2013 2012 Net Cash Provided by Operating Activities 5 114.2 S 83.0 Liquidity As of June 30, 2013 (Millions) Idaho IDACORP') Power Revolving Credit Facility — Expires October 2017 $ 125.0 $ 300.0 Commercial Paper Outstanding
Slide 9: Elements of Growth: Capital Expenditures
Elements of Growth Capital Expenditures $350 $300-$315 $275-$290 $300 on $250 $230-$240 ~ $200 2 3 5 $150 $100 $50 so 2008 -2012 2013 2014 2015 Average Including Langley Gulch Actual Forecast (Estimate)
Slide 10: Idaho Economic Brief: General Business Customer Growth
10 Idaho Economic Brief General Business Customer Growth —Twelve Months Ended June 30 7,000 6,000 5,000 4,000 3,000 2,000 6014 5,240 2,286 2009 2010 2011 2012 2013
Slide 11: Elements of Growth: 2013 Integrated Resource Plan
ai Elements of Growth 2013 Integrated Resource Plan 2013 Integrated Resource Pn * Anticipates ascenario under which existing resources, along with addition of 500-kilovolt (kV) Boardman to Hemingway transmission line and demand-response programs, will handle the expected growth in customer demand fr
Slide 12: Idaho Economic Brief
12 Idaho Economic Brief GWMoney + Idaho is ranked as one of the top 10 states (#7) for most entrepreneurial June 2013 Mt CNBC oiy2013 Idaho in Top 10 States for Business Category 2013Rank 2012 Rank Cost of Doing Business 7 7 Business Friendliness 5 12 Cost of Living 3 9 Overall 10 13
Slide 13: Questions?
Questions?
Slide 14: Contact Information
. SAGIDACORP. Contact Information Investors & Analysts Media Lawrence F. Spencer Stephanie McCurdy Director of Investor Relations Corporate Communications (208) 388-2664 (208) 388-6973 LSpencer@idacorpinc.com SMcCurdy@idahopower.com 4 Webcast and presentation on WWW.IDACORPINC.COM