Contact Us

Idaho Power Reports Earnings are Up

Idaho Power

BOISE, Idaho (AP) — Idaho’s biggest utility is on track for another year of increased earnings. Idacorp is the Boise-based company that owns Idaho Power, and on Tuesday CEO LaMont Keen said the utility is headed for a sixth straight year of increased earnings.

A big reason for strong 2013 earnings? The long, hot summer that increased demand for electricity across much of the state. Keen says Idacorp expects to share 2013 earnings with customers under the terms of a 2011 regulatory settlement.

A company statement shows third quarter revenue at $381.1 million, up from $334 million reported during the same period last year. New customers added about $2.9 million in operating revenue during the quarter that ended Sept. 30. The company also raised its yearly earnings projection from $3.40 to $3.55 per share.

Best of News Radio 1310

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://newsradio1310.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for Loyal Listener Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive Loyal Listener Club contests, events, coupons, presales, and much more delivered to you for FREE.