IDACORP Inc 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the quarterly period ended March 31, 2026OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the transition period from __________ to __________ Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrants were required to file suchreports), and (2) have been subject to such filing requirements for the past 90 days. IDACORP, Inc.:Yes☒No☐Idaho Power Company:Yes☒No☐ Indicate by check mark whether the registrants have submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrants were required to submit such files). IDACORP, Inc.:Yes☒No☐Idaho Power Company:Yes☒No☐ Indicate by check mark whether the registrants are large accelerated filers, accelerated filers, non-accelerated filers, smaller reportingcompanies, or emerging growth companies.See the definitions of "large accelerated filer," "accelerated filer," "smaller reportingcompany," and "emerging growth company" in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrants have elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Table of Contents Act. Indicate by check mark whether the registrants are shell companies (as defined in Rule 12b-2 of the Exchange Act). Number of shares of common stock outstanding as of April24, 2026: IDACORP, Inc.:55,408,235Idaho Power Company:39,150,812, all held by IDACORP, Inc. This combined Form 10-Q represents separate filings by IDACORP, Inc. and Idaho Power Company. Information contained hereinrelating to an individual registrant is filed by that registrant on its own behalf.Idaho Power Company makes no representations as tothe information relating to IDACORP, Inc.’s other operations. Idaho Power Company meets the conditions set forth in General Instruction (H)(1)(a) and (b) of Form 10-Q and is therefore filing thisreport on Form 10-Q with the reduced disclosure format. 2 TABLE OF CONTENTS PageCommonly Used Terms4Cautionary Note Regarding Forward-Looking Statements5Available Information7 Item 1. Legal Proceedings62Item 1A. Risk Factors62Item 2. Unregistered Sales of Equity Securities and Use of Proceeds62Item 3. Defaults Upon Senior Securities62Item 4. Mine Safety Disclosures62Item 5. Other Information63Item 6. Exhibits63 Signatures64 COMMONLY USED TERMS In addition to the historical information contained in this report, this report contains (and oral communications made by IDACORPand Idaho Power may contain) statements that relate to future events and expectations, such as statements regarding projected or futurefinancial performance, power generation, cash flows, capital expenditures, regulatory filings, dividends, capital structure or ratios, loadforecasts, strategic goals, challenges, objectives, and plans for future operations. Such statements constitute forward-lookingstatements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that express, or involvediscussions as to, expectations, beliefs, plans, objectives, assumptions, or future events or performance, often, but not always, throughthe use of words or phrases such as "anticipates," "believes," "could," "estimates," "expects," "intends," "potential," "plans," "predicts,""preliminary," "projects," "targets," "may," "may result," or similar expressions, are not statements of historical facts and may beforward-looking. Forward-looking statements are not guarantees of future performance, involve estimates, assumptions, risks, anduncertainties, and may differ materially from actual results, performance, or outcomes. In addition to any assumptions and otherfactors and matters referred to specifically in connection with such forward-looking statements, factors that could cause actual resultsor outcomes to differ materially from those contained in forward-looking statements include those factors set forth in this report, the2025 Annual Report, particularly PartI, Item 1A - "Risk Factors" and Part II, Item 7 - MD&A of that report, subsequent reports filedby IDACORP and Idaho Power with the SEC, and the following important factors: •decisions or actions by the Idaho and Oregon public utilities commissions and the FERC that impact Idaho Power's ability torecover costs and earn a return on investment;•changes to or the elimination of Idaho Power's regulatory cost recovery mechanisms;•expenses and risks associated with capital