IDACORP | Jotup

IDACORP and Idaho Power Announce New Vice President

Retrieved on:

Friday, December 15, 2023

IDACORP, Inc. (NYSE:IDA): IDACORP, Inc. and Idaho Power announced today that Amy Shaw has been named Vice President of Finance, Compliance, and Risk, effective January 1.

Key Points:

IDACORP, Inc. (NYSE:IDA): IDACORP, Inc. and Idaho Power announced today that Amy Shaw has been named Vice President of Finance, Compliance, and Risk, effective January 1.
Shaw currently serves as the Director of Investor Relations, Compliance, and Risk for IDACORP and Idaho Power.
Shaw has been with Idaho Power for 20 years, with much of that time spent in leadership.
Idaho Power, headquartered in vibrant and fast-growing Boise, Idaho, has been a locally operated energy company since 1916.

MDU Resources Appoints Darrel T. Anderson to Board of Directors

Retrieved on:

Friday, November 17, 2023

Accounting, NYSE, Advanced Management Program, Idaho Power, Oregon State University, Workforce, IDACORP, Harvard University endowment, Compensated emancipation, MDU, University, Biophysical environment, Harvard University, MDU Resources, Professional Football Compensation Committee, Management

BISMARCK, N.D., Nov. 17, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced that Darrel T. Anderson has been appointed to the company's board of directors.

Key Points:

BISMARCK, N.D., Nov. 17, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced that Darrel T. Anderson has been appointed to the company's board of directors.
"As we work toward transforming MDU Resources into a pure-play regulated energy delivery business, Darrel's financial and leadership experience in the regulated utility industry will enhance the existing expertise on our board," said Dennis W. Johnson, chair of MDU Resources board of directors.
"His experience with risk oversight and human resources management also will complement our attention to diversity and workforce development within MDU Resources."
On Nov. 2, MDU Resources announced its intent to spin off its construction services business, MDU Construction Services Group, with the objective of making MDU Resources a pure-play regulated energy delivery business.

IDACORP, Inc. Announces Public Offering of $260 Million of Shares of Common Stock

Retrieved on:

Tuesday, November 7, 2023

IDACORP, Inc. (NYSE: IDA) announced today that it has commenced an underwritten public offering of $260 million of shares of its common stock.

Key Points:

IDACORP, Inc. (NYSE: IDA) announced today that it has commenced an underwritten public offering of $260 million of shares of its common stock.
In conjunction with the offering, IDACORP intends to grant to the underwriters an option to purchase up to $39 million of additional shares of its common stock.
Settlement of the forward sale agreement is expected to occur no later than 12 months following the completion of the offering.
IDACORP will not initially receive any proceeds from the sale of shares of its common stock by the forward counterparty (or affiliates thereof) to the underwriters.

IDACORP, Inc. Prices Public Offering of 2,801,724 Shares of Common Stock

Retrieved on:

Wednesday, November 8, 2023

IDACORP, Inc. (NYSE: IDA) announced today that it has priced an underwritten public offering of 2,801,724 shares of its common stock at a public offering price of $92.80 per share.

Key Points:

IDACORP, Inc. (NYSE: IDA) announced today that it has priced an underwritten public offering of 2,801,724 shares of its common stock at a public offering price of $92.80 per share.
In conjunction with the offering, IDACORP has granted to the underwriters an option to purchase up to 420,258 additional shares of its common stock.
The underwriters may offer the shares of common stock in transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.
IDACORP will not initially receive any proceeds from the sale of shares of its common stock by the forward counterparty (or affiliates thereof) to the underwriters.

IDACORP, Inc. Announces Third Quarter 2023 Results, Increases Bottom-End 2023 Earnings Guidance

Retrieved on:

Thursday, November 2, 2023

Utilities, Energy, Tax, PCA, Kilowatt-hour, Public expenditure, Idaho Public Utilities Commission, O&M, Maintenance, Commissioner v. Idaho Power Co., Depreciation, FCA, IDACORP, Video game, Bank, Cryptocurrency, Idaho Power

Usage per customer decreased operating income by $17.2 million in the third quarter of 2023 compared with the third quarter of 2022.

Key Points:

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.

IDACORP, Inc. Declares Dividend

Retrieved on:

Thursday, October 19, 2023

Finance, Energy, Professional Services, Other Energy, Utilities, IDACORP, NYSE, IDA, Holding company, Baking

Directors of IDACORP, Inc. (NYSE:IDA) today declared a common stock dividend of $0.83 per share, payable November 30, 2023 to holders of record at the close of business on November 1, 2023.

Key Points:

Directors of IDACORP, Inc. (NYSE:IDA) today declared a common stock dividend of $0.83 per share, payable November 30, 2023 to holders of record at the close of business on November 1, 2023.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231019804331/en/

IDACORP Schedules Third Quarter 2023 Earnings Release & Conference Call

Retrieved on:

Thursday, October 19, 2023

Utilities, Other Construction & Property, Residential Building & Real Estate, Alternative Energy, Energy, Construction & Property, Public Utility Regulatory Policies Act, Webcast, IDA, Idaho Power, News, Housing, NYSE, Investment, Electricity, Idacorp, Renewable energy, IDACORP

IDACORP, Inc. (NYSE:IDA) will report its third quarter results on Thursday, November 2, in a news release before the stock markets open.

Key Points:

IDACORP, Inc. (NYSE:IDA) will report its third quarter results on Thursday, November 2, in a news release before the stock markets open.
The company will hold an analyst conference call that day at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time) to discuss the third quarter 2023 earnings.
All parties interested in listening may do so through a live Webcast or by calling (855) 761-5600 for listen-only mode.
The conference call logistics are posted on the company’s Website ( www.idacorpinc.com ) and will be included in the company’s earnings news release.

IDACORP Increases Common Stock Dividend 5.1%

Retrieved on:

Friday, September 22, 2023

Energy, Other Construction & Property, Residential Building & Real Estate, Construction & Property, Utilities, Housing, Culture, Public Utility Regulatory Policies Act, Electricity, IDA, Idaho Power, Investment, Idacorp, NYSE, Safety, Holding company, Renewable energy, IDACORP

IDACORP, Inc. (NYSE: IDA) announced today that its Board of Directors approved a 5.1% increase in the regular quarterly cash dividend on IDACORP’s common stock to $0.83 per share.

Key Points:

IDACORP, Inc. (NYSE: IDA) announced today that its Board of Directors approved a 5.1% increase in the regular quarterly cash dividend on IDACORP’s common stock to $0.83 per share.
At the new rate, the indicated dividend is $3.32 per share on an annual basis.
“IDACORP’s Board of Directors has approved a dividend increase every year since 2011, resulting in a cumulative dividend increase of 177% since 2011 and average annual dividend growth rate of 8.1%,” said Lisa Grow, IDACORP President and Chief Executive Officer.
The actual declaration of dividend payments and the approval of management’s recommendations are at the discretion of the Board of Directors.

IDACORP, Inc. Announces Second Quarter 2023 Results, Reaffirms 2023 Earnings Guidance

Retrieved on:

Thursday, August 3, 2023

Energy, Other Construction & Property, Construction & Property, Other Energy, Utilities, O&M, Kilowatt-hour, Maintenance, Depreciation, Tax, IDACORP, Natural gas, Commissioner v. Idaho Power Co., Video game, Renewable energy, Idaho Power

Depreciation expense increased $12.3 million in the second quarter of 2023 compared with the second quarter of 2022 due primarily to the notable impact in the second quarter of 2022 of the Bridger Order.

Key Points:

Depreciation expense increased $12.3 million in the second quarter of 2023 compared with the second quarter of 2022 due primarily to the notable impact in the second quarter of 2022 of the Bridger Order.
In addition, the increase in the second quarter of 2023 compared with the second quarter of 2022 is also partially due to an increase in plant-in-service.
Non-operating expense, net, decreased $2.8 million in the second quarter of 2023 compared with the second quarter of 2022.
These increases were partially offset by higher interest expense on long-term debt in the second quarter of 2023 compared with the second quarter of 2022.

IDACORP, Inc. Declares Dividend

Retrieved on:

Thursday, July 20, 2023

Utilities, Energy, IDA, NYSE, IDACORP, Holding company, Baking, Film industry

Directors of IDACORP, Inc. (NYSE:IDA) today declared a common stock dividend of $0.79 per share, payable August 31, 2023 to holders of record at the close of business on August 2, 2023.

Key Points:

Directors of IDACORP, Inc. (NYSE:IDA) today declared a common stock dividend of $0.79 per share, payable August 31, 2023 to holders of record at the close of business on August 2, 2023.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230720069815/en/