IDACORP INC shareholders Q3 2023

About IDACORP INC

Idaho-based IDACORP Inc. is a holding company that owns Idaho Power, a regulated electric utility that serves more than 560,000 customers in southern Idaho and eastern Oregon. The company's primary source of electricity is hydroelectric power, which accounts for more than half of its generation capacity. IDACORP also has natural gas-fired and coal-fired power plants, as well as a small amount of wind and solar generation.

IDACORP has a strong track record of providing reliable and affordable electricity to its customers. The company has invested heavily in its infrastructure in recent years, including upgrading its transmission and distribution systems and adding new renewable energy sources. IDACORP is also committed to reducing its carbon footprint and has set a goal of reducing greenhouse gas emissions by 100% by 2045.

IDACORP has a solid financial position, with a strong balance sheet and a history of consistent earnings growth. The company has a dividend yield of around 2.5%, making it an attractive option for income investors. IDACORP's management team is experienced and has a clear strategy for growth, which includes expanding its renewable energy portfolio and investing in new technologies to improve efficiency and reliability.

Overall, IDACORP is a well-managed company with a strong position in the electric utility industry. Its focus on renewable energy and commitment to reducing its carbon footprint make it an attractive option for socially responsible investors, while its consistent earnings growth and solid financial position make it a good choice for income investors.

It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.