Slide 1: Earnings Conference Call 2nd Quarter 2014
Earnings Conference Call me IDACORP 2nd Quarter 2014 July 31, 2014
Slide 2: Darrel Anderson and Steve Keen
Darrel Anderson Steve Keen IDACORP President IDACORP Senior Vice President, & Chief Executive Officer Chief Financial Officer & Treasurer
Slide 3: Forward-Looking Statements
@SIDACORP. Forward-Looking Statements In addition to the historical information contained in this presentation, this presentation contains (and oral communications made by IDACORP, Inc. and Idaho Power Company may contain) statements that relate ta future events and expectations and, as such, consti
Slide 4: Earnings Performance
Earnings Performance IDACORP, Inc. Net Income and Earnings Per Share (thousands except for per share amounts) @SIDACORP. Three Months Six Months Ended June 30 Ended June 30 2014 2013" 2014 2013” Net Income $ 44540 $46,502 $ 71,944 $ 81,696 Weighted average shares outstanding— diluted 50,156 50,108 5
Slide 5: 2nd Quarter 2013 to 2nd Quarter 2014
2™4 Quarter 2013 to 2"4 Quarter 2014 IDACORP, Inc. Net Income (millions) Net Income —June 30, 2013 "1! $ 46.5 Change in Idaho Power net income: Decreased sales volumes attributable to usage per customer, net of associated power supply costs and PCA mechanism impacts (86) Increased sales volumes attr
Slide 6: Operating Cash Flows and Liquidity
Operating Cash Flows (millions) IDACORP Net Cash Provided by Operating Activities Liquidity (millions) Revolving Credit Facility —- Expires October 2018 Commercial Paper Outstanding Identified for Other Usel?) Holding company only @SIDACORP. Six Months Ended June 30 2014 2013 S$ 163.3 $ 114.2 As of
Slide 7: Key Financial & Operating Metrics and 2014 Earnings Guidance
SIDACORP. Key Financial & Operating Metrics and 2014 Earnings Guidance (millions except for per share amounts) 2014 Estimates Current (4) Previous (2) Idaho Power Operations & Maintenance Expense No Change § 335-$ 345 Idaho Power Additional Amortization of ADITC so Less than $5 Idaho Power Capital E
Slide 8: ADITC Settlement 2012-2014
ia ADITC Settlement 2012-2014 Sharing Percentage 100% 75% Earnings a) Deadband 25% en Return On Year-End Equity In Idaho Jurisdiction Ability to use additional ADITC's of upto $45 million in 2014 ——_ at July 31, 2014, the company does not expect to use additional ADITC’s in 2014 8 ADITC—Accumulated
Slide 9: EPA Rules
EPA Rules SEPA oes : LEARN THE ISSUES SCIENCE & TECHNOLOGY LAWS & REGULATIONS — ABOUTEPA &: Region 7 Air Program acomact us share You are here: EPA Home » Region 7» Air Program » Federally Approved Regulations » 1118) Py | Section 111(d) Plans Regulations Section 111, 42 U.S.C. $7411, of the Clean A
Slide 10: Business News
BUSINESS NEWS June 2014 Idaho Small Business Friendliness “creating a business climate that is welcoming to small, dynamic businesses is ‘more important than ever, an fdaho had astrong showing across the board, winning iercolades from small businesses in every category that weasked about.” —jon Lieb
Slide 11: Fall Outlook
Fall Outlook August Through October 2014 Temperature 1B 33% to 40% Chance of Above Normal Temperature 1B 40% to 50% Chance of Above Normal Temperature 1B 50% or Greater for Above Normal Temperature 1) 33% to 40% Chance of Below Normal Temperature 1) 40% Chance of Below Normal Temperature Precipitati
Slide 12: Questions?
Questions?
Slide 13: Contact Information
Contact Information ~ Investors & Analysts Media Lawrence F. Spencer Stephanie McCurdy Director of Investor Relations Corporate Communications (208) 388-2664 (208) 388-6973 LSpencer@idacorpine.com SMcCurdy@idahopower.com Webcast and presentation on WW.IDACORPINC. COM