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IDACORP’s Meta & Micron Demand Opens A New Industrial Growth Chapter!

IDACORP’s second-quarter 2026 results reflected modest earnings growth, continued infrastructure investment, and an evolving regulatory environment. Diluted EPS was $1.79 versus $1.76 a year earlier, while year-to-date EPS reached $3.00 compared with $2.87 in 2025. The quarter benefited from the absence of additional tax credit amortization, compared with $17.2 million recorded in the prior-year period. IDACORP raised the lower end of full-year EPS guidance to $6.30 to $6.45 and reduced expected additional tax credit amortization to less than $15 million for 2026. Customer growth reached 2.3%, while industrial revenue increased approximately 17%, supported by large customers including Micron, Meta, Chobani, and Idaho National Laboratory. The company continues structuring customer agreements to support growth without shifting costs to existing customers. Retail electricity prices remain approximately 30% below the national average, helping manage affordability and potentially avoid a rate case in 2026.