Earnings release
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EX - 99.12 exhibit991 - april292021.htm EX - 99.1 April 29 , 2021 Exhibit 99.1 IDACORP IDACORP , Inc. Announces First Quarter 2021 Results , Affirms 2021 Earnings Guidance BOISE -- IDACORP , Inc. ( NYSE : IDA ) reported first quarter 2021 net income attributable to IDACORP of $ 44.8 million , or $ 0.89 per diluted share , compared with $ 37.5 million , or $ 0.74 per diluted share , in the first quarter of 2020 . " Our customer count grew 2.9 % over the past twelve months and is accelerating , " said IDACORP President and Chief Executive Officer Lisa Grow . " In March 2021 alone , our customer growth rate was 3.5 % . " This growth , combined with increased transmission - related revenues from higher rates and colder weather in the southwest U.S. , more than offset a slight decrease in commercial customer sales related to the pandemic . Lower operations and maintenance expenses across the business also increased earnings this quarter . " We expect robust customer growth to continue throughout 2021 , as residential and business customers continue migrating to Idaho in search of our high quality - of - life and business - friendly environment . " IDACORP affirms its previously reported full - year 2021 earnings guidance to the range of $ 4.60 to $ 4.80 per diluted share and is also affirming that Idaho Power does not expect to utilize any of the additional tax credits available under its Idaho earnings support regulatory mechanism in 2021. This guidance assumes normal weather conditions over the balance of the year and includes assumed levels of impact from COVID - 19 as described below , which also acknowledges circumstances could change and impact results going forward . Performance Summary A summary of financial highlights for the quarter ended March 31 , 2021 and 2020 is as follows ( in thousands , except per- share amounts ) : Net income attributable to IDACORP , Inc. Average outstanding shares – diluted ( 000's ) IDACORP , Inc. earnings per diluted share Three months ended March 31 , 2021 2020 44,831 50,580 $ 37,490 50,527 0.89 $ 0.74