India, July 30 -- IDACORP, Inc. (IDA), the parent company of Idaho Power, on Thursday reported a higher second-quarter profit compared to prior year, driven by customer growth and higher rates.
Further, the company raised the lower end of its 2026 earnings guidance range.
Net income attributable to IDACORP rose to $102.6 million, or $1.79 per share, from $95.8 million, or $1.76 per share, a year earlier.
Retail revenues per megawatt-hour, excluding large contract customers and net of power cost adjustment mechanisms, fell to $27.5 million from $44.0 million a year earlier.
"Continued customer growth along with rate changes and revenues from large contract customers led to strong second quarter results even without recording any addition...