INVESTMENTS: Investments Level 3 (Tables)

12 Months Ended

Dec. 31, 2025

Investments, Debt and Equity Securities [Abstract]

The table below summarizes IDACORP’s and Idaho Power’s investments as of December 31 (in thousands of dollars):


	2025		2024
Idaho Power investments:
BCC (equity method investment)	$	16,833	$	20,998
Exchange traded short-term bond funds and cash equivalents	37,232		38,873
Held-to-maturity securities	33,822		32,151
Executive deferred compensation plan investments	1,216		899
Total Idaho Power investments	89,103		92,921
IFS investments in real estate tax credit projects, such as affordable housing developments	50,422		54,654
Ida-West joint ventures (equity method investments)	9,529		9,666
Other investments	5,948		4,099
Total IDACORP investments	$	155,002	$	161,340

Schedule of Equity in Earnings (Losses) of Equity Method Investments

The table below presents IDACORP’s and Idaho Power’s earnings of unconsolidated equity-method investments (in thousands of dollars):


	2025		2024		2023
BCC (Idaho Power)	$	2,984	$	2,671	$	10,540
Ida-West joint ventures	1,938		1,868		1,886

Total	$	4,922	$	4,539	$	12,426

Schedule of Realized Gain (Loss)

There were no gross realized gains or losses from the sale of equity securities in 2025, 2024, and 2023.

- Definition

Tabular disclosure of investments in certain debt and equity securities (and certain other trading assets) which include all debt and equity securities (including than those equity securities accounted for under the equity or cost methods of accounting) with or without readily determinable fair values. Other trading assets include assets that are carried on the balance sheet at fair value and held for trading purposes. A debt security represents a creditor relationship with an enterprise that is in the form of a security. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities (and other trading assets). Also includes tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available.

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