IDACORP, Inc. Announces Third Quarter 2023 Results, Increases Bottom-End 2023 Earnings Guidance
Usage per customer decreased operating income by $17.2 million in the third quarter of 2023 compared with the third quarter of 2022.
- Usage per customer decreased operating income by $17.2 million in the third quarter of 2023 compared with the third quarter of 2022.
- Depreciation expense increased $4.9 million in the third quarter of 2023 compared with the third quarter of 2022, due primarily to an increase in plant-in-service.
- Lower wholesale power purchase volumes and prices decreased Idaho Power's net power supply expenses in the third quarter of 2023 compared with the third quarter of 2022.
- Non-operating expense, net, increased $0.5 million in the third quarter of 2023 compared with the third quarter of 2022.