Idacorp reports Q2 EPS $1.76, consensus $1.78

“Idacorp’s (IDA) strong Q2 results were driven by higher than anticipated customer usage, continued customer growth, rate changes, and the expected use of tax credits under the company’s Idaho regulatory mechanism,” said CEO Lisa Grow. “Partially offsetting those benefits were higher depreciation and financing costs, as Idaho Power continues to build infrastructure for reliability and to respond to rapidly growing customer needs. This has been a busy year on a number of fronts, and I particularly want to highlight that after nearly 19 years of permitting efforts, last month we broke ground on our Boardman-to-Hemingway 500kV transmission line project. We are excited for the benefits this project will bring to our customers.”