Idacorp reports Q1 EPS $1.10, consensus $1.05

“IDACORP’s (IDA) earnings benefited from continued strong customer growth, rate changes, and the expected use of tax credits under the company’s Idaho regulatory mechanism,” said CEO Lisa Grow. “Consistent with recent quarters, higher depreciation and financing costs partially offset those benefits, as we continue to acquire resources and build infrastructure to respond to rapidly growing customer needs. We remain focused on executing on our capital investment and regulatory plan to support ongoing growth and energy reliability and resiliency for all of our customers. It is an exciting year, with the company preparing to start construction on its three major transmission projects and continue to work through the resource procurement process for generation resources.”