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IdaCorp Wins Approval for Idaho Power Rate Increase

Story Highlights
  • Regulators approved Idaho Power’s Idaho rate settlement, raising retail revenues 7.48% from January 2026.
  • The order sets new returns, adjusts power supply costs, updates tax and sharing mechanisms, and confirms coal-plant cost recovery.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
IdaCorp Wins Approval for Idaho Power Rate Increase

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IdaCorp ( (IDA) ) has provided an update.

On December 30, 2025, the Idaho Public Utilities Commission approved a settlement stipulation in Idaho Power Company’s Idaho general rate case, originally filed on May 30, 2025, allowing the utility to implement revised tariff schedules that will raise Idaho-jurisdictional retail revenue by about $110 million annually, or 7.48%, effective January 1, 2026, inclusive of a $13.1 million power cost adjustment increase. The order sets a 9.6% return on equity and a 7.410% authorized rate of return on an Idaho rate base of roughly $4.9 billion, resets base net power supply expense to about $468.8 million (a $16.1 million reduction), updates fixed cost adjustment rates and maintains wildfire-mitigation cost deferrals, while modifying the company’s accumulated deferred investment tax credit and revenue-sharing framework and confirming recovery of Idaho Power’s share of capital expenditures at jointly owned coal-fired plants through year-end 2024, with prudence review of post-July 2025 investments deferred to the next rate case and no restriction on filing a future general rate case.

The most recent analyst rating on (IDA) stock is a Buy with a $139.00 price target. To see the full list of analyst forecasts on IdaCorp stock, see the IDA Stock Forecast page.

Spark’s Take on IDA Stock

According to Spark, TipRanks’ AI Analyst, IDA is a Neutral.

IdaCorp’s overall score is driven by strong earnings call results and a fair valuation. However, technical analysis indicates bearish momentum, and financial performance shows challenges with revenue growth and cash flow management.

To see Spark’s full report on IDA stock, click here.

More about IdaCorp

Idaho Power Company, a regulated electric utility, provides retail electricity service in Idaho under the oversight of the Idaho Public Utilities Commission, earning revenues based on approved tariff schedules, authorized returns on equity and rate base, and regulated cost recovery mechanisms.

Average Trading Volume: 415,683

Technical Sentiment Signal: Buy

Current Market Cap: $6.9B

See more data about IDA stock on TipRanks’ Stock Analysis page.

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