Slide 1: Earnings Conference Call: Executing Our Strategy, 3rd Quarter 2013
Earnings Conference Call Executing Our Strategy 3" Quarter 2013 qT a | November 5, 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 share amounts) Three Months Nine Months Ended September 30 Ended September 30 2013 2012 2013 2012 Net Income $ 71,750 $ 92,069 $150,796 $152,299 Weighted average outstanding shares — diluted 50,153 50,
Slide 5: Net Income 3Q-2012 to 3Q-2013
3Q-2012 to 3Q-2013 Net Income IDACORP, Inc. (Millions) Net Income — September 30, 2012 Changes in power supply costs and power cost adjustment (PCA) mechanisms (2.6) Change in sales volumes attributable to usage per customer, net of associated power supply costs and PCA mechanism impacts (0.8) Incre
Slide 6: Operating Income Growth
Operating Income Growth $300.0 $254.4 $250.0 $200.0 $150.0 Millions $100.0 2011 2012 2013 3 Months Ending September 30 9 Months Ending September 30
Slide 7: Key Financial & Operating Metrics and 2013 Earnings Guidance
Key Financial & Operating Metrics and 2013 Earnings Guidance (In millions except per share amounts) Idaho Power Operations & Maintenance Expense Idaho Power Additional Amortization of ADITC Idaho Power Capital Expenditures excluding AFUDC Idaho Power Hydroelectric Generation (MWh’s) ® 2013 IDACORP E
Slide 8: Operating Cash Flows and Liquidity
Operating Cash Flows (Millions) IDACORP Net Cash Provided by Operating Activities Liquidity Revolving Credit Facility — Expires October 2018 Commercial Paper Outstanding Identified for Other Usel?! 4 Holding company only, GNGIDACORP. Nine Months Ended September 30 2013 2012 S$ 247.6 $ 181.5 As of Se
Slide 9: Idaho Economic Brief
Idaho Economic Brief Idaho Power Customer Growth —Twelve Months Ended September 30 7,000 6,716 6,000 5,541 5,000 4,000 2,875 3,062 3,000, — 2,374 2,000 2009 2010 2011 2012 2013 Idaho named the 9th best state for expected job growth in the nation Forbes Sept. 25, 2013 Idaho tax climate named 18" frie
Slide 10: Elements of Growth: Boardman to Hemingway Transmission Line
10 Elements of Growth Boardman to Hemingway 500kV Transmission Line Project + Joint funding agreementJan. 2012 for project permitting costs — Idaho Power-21% — BPA-24% — PacifiCorp-55% * 300 mile, 500-kV transmission line * In-service date in 2020 or beyond * Capacity: — 1,000 MW east to west — 1,05
Slide 11: Elements of Growth: IDACORP Common Stock Dividend
Elements of Growth “~~ IDACORP Common Stock Dividend “Based on IDACORP’s current estimates for earnings and cash flow, assuming the company meets those estimates and depending on other factors influencing dividend decisions, IDACORP’s management anticipates recommending to the IDACORP Board of Direc
Slide 12: Questions?
Questions?
Slide 13: 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