COMMITMENTS:	6 Months Ended
Jun. 30, 2026
Disclosure Text Block Supplement [Abstract]
COMMITMENTS	COMMITMENTS Purchase Obligations During the six months ended June 30, 2026, Idaho Power entered into the following agreements: •fuel-related agreements in April 2026, increasing its contractual purchase obligations by approximately $1.6 billion. This obligation commences in May 2030 and expires in May 2045; •an agreement in May 2026 to replace expiring PPAs with a PURPA-qualifying hydropower facility, which increased Idaho Power's contractual purchase obligations by approximately $10.3 million over the 20-year term commencing in September 2026; •a 200 MW solar facility PPA and an agreement to purchase the storage capacity from a 100 MW battery storage facility, both executed in May 2026 with a scheduled online date of May 2028, which collectively increased Idaho Power's contractual purchase obligations by approximately $796.2 million over their 20-year terms; and •an agreement in June 2026 to acquire and own certain equipment and to receive related technical services, which increased Idaho Power's contractual purchase obligations by approximately $218.0 million through the first half of 2029. Except as discussed above, during the six months ended June 30, 2026, IDACORP's and Idaho Power's contractual obligations outside the ordinary course of business did not change materially from the amounts disclosed in the notes to the consolidated financial statements in the 2025 Annual Report. In July 2026, Idaho Power entered into an agreement to extend an expiring PPA with a wind facility, which increased Idaho Power's contractual purchase obligations by approximately $94.6 million over the 5-year term commencing in January 2028. Guarantees Idaho Power guarantees its portion of reclamation activities and obligations at BCC, of which IERCo owns a one-third interest. This guarantee, which is renewed annually with the Wyoming Department of Environmental Quality (WDEQ), was $49.7 million at June 30, 2026, representing IERCo's one-third share of BCC's total reclamation obligation of $149.2 million. BCC has a reclamation trust fund set aside specifically for the purpose of paying these reclamation costs. At June 30, 2026, the value of BCC's reclamation trust fund exceeded WDEQ's guarantee requirement for the total reclamation obligation. BCC periodically assesses the adequacy of the reclamation trust fund and its estimate of future reclamation costs. To ensure that the reclamation trust fund maintains adequate reserves, BCC has the ability to, and does, add a per-ton surcharge to coal sales to the Jim Bridger plant. Because of the existence of the fund and the ability to apply a per-ton surcharge, the estimated fair value of this guarantee is minimal. IDACORP and Idaho Power enter into financial agreements and power purchase and sale agreements that include indemnification provisions relating to various forms of claims or liabilities that may arise from the transactions contemplated by these agreements. Generally, a maximum obligation is not explicitly stated in the indemnification provisions and, therefore, the overall maximum amount of the obligation under such indemnification provisions cannot be reasonably estimated. IDACORP and Idaho Power periodically evaluate the likelihood of incurring costs under such indemnities based on their historical experience and the evaluation of the specific indemnities. As of June 30, 2026, management believes the likelihood is remote that IDACORP or Idaho Power would be required to perform under such indemnification provisions or otherwise incur any significant losses with respect to such indemnification obligations. Neither IDACORP nor Idaho Power has recorded any liability on their respective condensed consolidated balance sheets with respect to these indemnification obligations.

•an agreement in May 2026 to replace expiring PPAs with a PURPA-qualifying hydropower facility, which increased Idaho Power's contractual purchase obligations by approximately $10.3 million over the 20-year term commencing in September 2026;

•a 200 MW solar facility PPA and an agreement to purchase the storage capacity from a 100 MW battery storage facility, both executed in May 2026 with a scheduled online date of May 2028, which collectively increased Idaho Power's contractual purchase obligations by approximately $796.2 million over their 20-year terms; and

•an agreement in June 2026 to acquire and own certain equipment and to receive related technical services, which increased Idaho Power's contractual purchase obligations by approximately $218.0 million through the first half of 2029.

Except as discussed above, during the six months ended June 30, 2026, IDACORP's and Idaho Power's contractual obligations outside the ordinary course of business did not change materially from the amounts disclosed in the notes to the consolidated financial statements in the 2025 Annual Report.

In July 2026, Idaho Power entered into an agreement to extend an expiring PPA with a wind facility, which increased Idaho Power's contractual purchase obligations by approximately $94.6 million over the 5-year term commencing in January 2028.

Idaho Power guarantees its portion of reclamation activities and obligations at BCC, of which IERCo owns a one-third interest. This guarantee, which is renewed annually with the Wyoming Department of Environmental Quality (WDEQ), was $49.7 million at June 30, 2026, representing IERCo's one-third share of BCC's total reclamation obligation of $149.2 million. BCC has a reclamation trust fund set aside specifically for the purpose of paying these reclamation costs. At June 30, 2026, the value of BCC's reclamation trust fund exceeded WDEQ's guarantee requirement for the total reclamation obligation. BCC periodically assesses the adequacy of the reclamation trust fund and its estimate of future reclamation costs. To ensure that the reclamation trust fund maintains adequate reserves, BCC has the ability to, and does, add a per-ton surcharge to coal sales to the Jim Bridger plant. Because of the existence of the fund and the ability to apply a per-ton surcharge, the estimated fair value of this guarantee is minimal.

IDACORP and Idaho Power enter into financial agreements and power purchase and sale agreements that include indemnification provisions relating to various forms of claims or liabilities that may arise from the transactions contemplated by these agreements. Generally, a maximum obligation is not explicitly stated in the indemnification provisions and, therefore, the overall maximum amount of the obligation under such indemnification provisions cannot be reasonably estimated. IDACORP and Idaho Power periodically evaluate the likelihood of incurring costs under such indemnities based on their historical experience and the evaluation of the specific indemnities. As of June 30, 2026, management believes the likelihood is remote that IDACORP or Idaho Power would be required to perform under such indemnification provisions or otherwise incur any significant losses with respect to such indemnification obligations. Neither IDACORP nor Idaho Power has recorded any liability on their respective condensed consolidated balance sheets with respect to these indemnification obligations.