XML 79 R51.htm IDEA: XBRL DOCUMENT v3.24.0.1
COMMITMENTS: Commitments Level 3 (Tables)
 12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Long-term Contracts for Purchase of Electric Power
At December 31, 2023, Idaho Power had the following long-term commitments relating to purchases of energy, capacity, transmission rights, and fuel (in thousands of dollars):
 20242025202620272028Thereafter
Cogeneration and power production(1)
$324,738 $336,702 $358,113 $371,980 $345,740 $2,999,760 
Fuel155,474 25,672 15,271 15,439 15,507 84,004 
(1) As of December 31, 2023, Idaho Power had a $431 million commitment related to an agreement to utilize the storage capacity of a 150 MW battery storage facility, over a 20-year term, scheduled to be online in June 2025.
Long-term Purchase Commitment
Idaho Power also has the following long-term commitments (in thousands of dollars):
 20242025202620272028Thereafter
Joint-operating agreement payments(1)
$2,834 $2,834 $2,834 $2,834 $2,834 $14,172 
Easements and other payments(1)
2,119 2,163 2,209 2,255 2,302 12,258 
Maintenance, service, and materials agreements(1)(2)
321,776 29,042 11,273 13,386 3,450 41,118 
FERC and other industry-related fees(1)
18,514 17,020 16,830 16,780 15,949 83,032 
(1) Approximately $28 million, $1 million, $20 million, and $166 million of the commitments included in joint-operating agreement payments, easements and other payments, maintenance, service, and materials agreements, and FERC and other industry-related fees, respectively, have contracts that do not specify terms related to expiration. As these contracts are presumed to continue indefinitely, ten years of information, estimated based on current contract terms, has been included in the table for presentation purposes.
(2) As of December 31, 2023, Idaho Power had a remaining $115 million commitment related to four contracts to acquire and own battery storage assets with in-service dates through 2025.