Slide 1: Earnings Conference Call, 4th Quarter 2014
Earnings Conference Call a Ath Quarter 2014 February 19, 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: Strong Earnings Performance
) Strong Earnings Performance IDACORP, Inc. Net Income and Earnings Per Share (thousands except for per share amounts) Three Months Twelve Months Ended December 31 Ended December 31 2014 2013 2014 2013 Net Income $ 34648 $ 27,602 $ 193480 $ 182,417 Weighted average shares outstanding— diluted 50,245
Slide 5: IDACORP, Inc. Net Income (millions) 2013 to 2014
2013 to 2014 IDACORP, Inc. Net Income (millions) Net income — For the Year Ended December 31, 2013 $182.4 Change in Idaho Power net income: Decreased sales volumes attributable to usage per customer, net of associated power supply costs and power cost adjustmentPCA mechanism impacts $ (38.1) Increas
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. Twelve Months Ended December 31 2014 2013 S$ 364.3 $ 305.5
Slide 7: Key Financial & Operating Metrics and 2015 Earnings Guidance
SIDACORP. Key Financial & Operating Metrics and 2015 Earnings Guidance (millions except for per share amounts) 2015 Estimates !) 2014 Actual Idaho Power Operations & Maintenance Expense S$ 340-S 350 5355 Idaho Power Additional Amortization of ADITC None None Idaho Power Capital Expenditures excludin
Slide 8: ADITC Settlement (2015-2019) Sharing Percentage
TOresetienensona ADITC Settlement 2015-2019) Sharing Percentage 100%- TRE) Customer Benefit - Rate Decrease Earnings 50%} Deadband 25% Company Benefit (25%) —<—<—<— Return On Year-End Equity In Idaho Jurisdiction Ability to use additional ADITC's of upto $45 million from 2015 — 2019 @) —> © As appro
Slide 9: Continued Economic Progress
“cordinedeenameropes Continued Economic Progress “Idaho Gov. C.L.”"Butch” Otter said the state's recent economic development efforts. specifically new tax credits for businesses that create jobs, have exceeded his expectations.” Customers 525,000 Idaho Business Review, January 8, 2015 14% 515,000 1.
Slide 10: Spring Outlook March 2015 Through May 2015
er @SIDACORP. Spring Outlook March 2015 Through May 2015 Precipitation Temperature 33% to 40% Chance of Below Normal Precipitation 1B 40% to 50% Chance of Below Normal Precipitation BB 50% or Greater for Below Normal Precipitation 11) 33% to 40% Chance of Above Normal Precipitation 1D 40% Chance of
Slide 11: 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