Slide 1: Earnings Conference Call 1st Quarter 2015
Earnings Conference Call a Ast Quarter 2015 April 30, 2015
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 Campany may contain) statements, including, without limitation, earings quidance, that relate to f
Slide 4: Earnings Performance
Earnings Performance IDACORP, Inc. Net Income and Earnings Per Share (thousands except for per share amounts) Net Income Weighted average shares outstanding— diluted Earnings per diluted share $ Three Months Ended March 31 2015 2014 23,430 $ 27,404 50,260 50,175 047 $ 0.55
Slide 5: 1Q 2014 to 1Q 2015 Net Income
1Q 2014 to 1Q 2015 IDACORP, Inc. Net Income (millions) Net Income — For the Quarter Ended March 31, 2014 274 Change in Idaho Power net income: Decreased sales volumes attributable to usage per customer, net of associated power supply costs and power cost adjustment (PCA) mechanismimpacts $ (2.5) Inc
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 Use?) Holding company only @SIDACORP. Three Months Ended March31 2015 2014 $ 105.4 $ 96.9 As of M
Slide 7: Key Financial & Operating Metrics and 2015 Earnings Guidance
_ ZRGIDACORP. Key Financial & Operating Metrics and 2015 Earnings Guidance (millions except for per share amounts) 2015 Estimates Current» Previous # Idaho Power Operations & Maintenance Expense No Change S$ 340-$ 350 Idaho Power Additional Amortization of ADITC No Change None Idaho Power Capital Ex
Slide 8: 2015 Integrated Resource Plan
) IDACORP. 2015 Integrated Resource Plan Key Issues: e EPA’s proposed Rule 111(d) under the Clean Air Act — Twenty-three different portfolios being analyzed around various 111(d) compliance and coal retirement scenarios — First deficit year ranges from 2020 to 2025 depending on 111(d) compliance and
Slide 9: Summer Outlook May 2015 Through July 2015
Soeti: S Summer Outlook May 2015 Through July 2015 Precipitation Temperature | 33% to 40% Chance of Below Normal Precipitation 1 33% to 40% Chance of Above Normal Temperature [BB 40% to 50% Chance of Below Normal Precipitation [BB 40% to 50% Chance of Above Normal Temperature BBB 50% to 60% Chance o
Slide 10: 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