“Continued customer growth and rate changes were the largest drivers of our third quarter results,” said CEO Lisa Grow. “Financing costs and depreciation expense resulting from Idaho Power’s infrastructure investments to safely, reliably, and affordably serve existing customers and meet the demand of our rapidly growing customer needs offset some of those benefits. We’ve reached a constructive settlement of our Idaho general rate case, which is now pending approval of the Idaho Public Utilities Commission”.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IDA:
- IDA Upcoming Earnings Report: What to Expect?
- Idacorp initiated with an Equal Weight at Wells Fargo
- Hyperscalers Like Amazon, Oracle, and Meta Stock Are Powering a Utility Stock Revival
- Idacorp price target raised to $144 from $129 at Mizuho
- This Week’s Fed Rate Decision Is ‘What Risk Assets Are Counting On’