Slide 1: Earnings Conference Call: Executing Our Strategy
Earnings Conference Call Executing Our Strategy 4 Quarter 2013 q a | February 20, 2014 SSIDACORP, :
Slide 2: Leadership Presenting Today
y} IDACORP. Leadership Presenting Today LaMont Keen Darrel Anderson Steve Keen IDACORP President Idaho Power Company President Idaho Power Company & Chief Executive Officer & Chief Executive Officer Senior Vice President, 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 Net Income and Earnings Per Share (In thousands except for per share amounts) Three Months Twelve Months Ended December 31 Ended December 31 2013 2012 2013 2012 Net Income $ 27,602 § 17,882 $182,417 $173,014 Weighted average outstanding shares — diluted 50,179 50,073 50,1
Slide 5: Net Income IDACORP, Inc. 2012 to 2013
2012 to 2013 Net Income IDACORP, Inc. (Millions) Net Income December 31, 2012 (As Previously Reported) [| |g 1587 Effect of an accounting method change for IDACORP Financial Services affordable housing = investment amortization Net Income December 81, 2012 (As Adjusted) | 173.0 Changes in Idaho Powe
Slide 6: Operational Issues
Operational Issues Regulatory Economy Economy Transmission CHOBANI GREEK YOCURT
Slide 7: Key Financial & Operating Metrics and 2014 Earnings Guidance
IDACORP. y} Key Financial & Operating Metrics and 2014 Earnings Guidance (In millions except per share amounts) 2014 Estimates 2013 Actual Idaho Power Operations & Maintenance Expense $ 335-$ 345 $ 349 Idaho Power Additional Amortization of ADITC Less than $5 None Idaho Power Capital Expenditures Ex
Slide 8: Operating Cash Flows
Operating Cash Flows (Millions) IDACORP Net Cash Provided by Operating Activities Liquidity Revolving Credit Facility — Expires October 2018 Commercial Paper Outstanding Identified for Other Usel?! 4 Holding company only, GNGIDACORP. Twelve Months Ended December 31 2013 2012 $ 305.5 $ 249.3 As of De
Slide 9: ADITC Extension 2012-2014
ADITC Extension 2012-2014 _— 2013 Sharing Benefits ” Sharing Percentage 100% $7.6 Million $16.5 Million 75% s0%-| Earnings Deadband 25% ——_ Return On Year-End Equity In Idaho Jurisdiction Ability to use additional ADITC’s of up to $45 million in 2014 —. ( AtFebruary 20, 2014, the company expects to
Slide 10: Estimated 2014-2018 Capital Requirements
10 y} IDACORP. Estimated 2014 — 2018 Capital Requirements (Millions) 2014 2015 2016 - 2018 Ongoing Capital Expenditures S$ 235-245 $ 275-290 $ 855-900 Jim Bridger Plant Environmental Controls 45-50 40-45 20-25 Totals S 280-295 S$ 315-335 S$ 875-925
Slide 11: Questions?
Questions?
Slide 12: 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 Webcast and presentation on WWW.IDACORPINC.COM