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Any statements, other than statements of historical facts, that express or involve discussions of expectations, beliefs, plans, objectives, outlooks, assumptions, or future events or performance are forward-looking. Forward-looking statements are not guarantees of future performance, involve estimates, assumptions, risks, and uncertainties, and may differ materially from actual results, performance, or outcomes. Factors that may cause actual results or outcomes to differ materially from those contained in forward-looking statements include those listed in IDACORP, Inc.'s and Idaho Power Company's most recently filed periodic reports on Form 10-K and Form 10-Q, including (but not limited to) the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections, and in other reports the companies file with the U.S. Securities and Exchange Commission. Those factors also include the following, among others:", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-01 23:07:47.829+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "8fd1e46c-1c77-4870-8c6b-c1f49df25a6a", "parentComponentId": null }, { "bbox": { "h": 0.06, "w": 0.53, "x": 0.01, "y": 0.08 }, "kind": "title", "text": "Forward-Looking Statements", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": 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"description": null }, "function": "front_matter", "functionCanon": { "name": "Front matter", "slug": "front_matter", "status": "active", "canonId": "019de52d-133d-73f0-9e26-201eda96b098", "version": 1, "description": null }, "density": "balanced", "densityScore": 45, "componentCount": 3, "textChars": 1359, "nDataPoints": 0, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-01 23:07:44.001+00", "seconds": 4.255, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de518-50ef-7360-8f84-232567289104/3", "deck": "/decks/019de518-50ef-7360-8f84-232567289104", "deckAnchor": "/decks/019de518-50ef-7360-8f84-232567289104#slide-3", "deckJson": "/decks/019de518-50ef-7360-8f84-232567289104.json" }, "components": [ { "bbox": { "h": 0.59, "w": 0.45, "x": 0.51, "y": 0.15 }, "kind": "list", "text": "Appendix\nIdaho Power Company Overview\nWildfire Risk Mitigation\nRegulatory Commissioners\nSelect Recent Regulatory Activity\nResidential and Industrial Average Rates\nOperating Cash Flows and Liquidity\nDebt Maturity Profile and Credit Ratings\nAll-Time High Summer and Winter System Peak Demand\nA Foundation of Clean Energy\nA Tradition of Sustainability\nExperienced, Diverse, Independent Directors\nDiversity in Leadership\nRecent Safety Performance\nOur Commitment to Our Customers\nOur Commitment to Our Employees\nHells Canyon Relicensing\nBoardman-to-Hemingway\nGateway West\nContact Information", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Numbered list", "slug": "numbered", "status": "active", "canonId": "019de52c-fcc0-7718-a284-a4250c805df2", "version": 1, "description": null }, "framework": null }, "subkind": "numbered", "groupRole": null, "confidence": null, 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Revenue Sharing Mechanism\nIdaho Power's Clean Energy Portfolio\nClean today. Cleaner tomorrow.®", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Numbered list", "slug": "numbered", "status": "active", "canonId": "019de52c-fcc0-7718-a284-a4250c805df2", "version": 1, "description": null }, "framework": null }, "subkind": "numbered", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-01 23:07:44.001+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d3ec4d69-fbc3-473d-bc1a-6cb9d8d8845b", "parentComponentId": null }, { "bbox": { "h": 0.07, "w": 0.36, "x": 0.01, "y": 0.08 }, "kind": "title", "text": "Table of Contents", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-01 23:07:44.001+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "94efde84-6515-4733-9c4b-832fbf3cb200", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 4, "type": "setup", "function": "summarize", "rawType": "kpi_overview", "block": null, "metadata": { "slideType": "kpi_overview", "slideTypeCanon": { "name": "KPI overview (contrarian)", "slug": "kpi_overview", "status": "active", "canonId": "019de52d-11d5-7328-b1d1-5368a03e7796", "version": 1, "description": null }, "function": "summarize", "functionCanon": { "name": "Summarize", "slug": "summarize", "status": "active", "canonId": "019de52d-1541-704f-b86f-bf7b75056373", "version": 1, "description": null }, "density": "dense", "densityScore": 62, "componentCount": 4, "textChars": 1742, "nDataPoints": 10, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-01 23:07:45.434+00", "seconds": 5.273, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de518-50ef-7360-8f84-232567289104/4", "deck": "/decks/019de518-50ef-7360-8f84-232567289104", "deckAnchor": "/decks/019de518-50ef-7360-8f84-232567289104#slide-4", "deckJson": "/decks/019de518-50ef-7360-8f84-232567289104.json" }, "components": [ { "bbox": { "h": 0.06, "w": 0.95, "x": 0.02, "y": 0.21 }, "kind": "diagram", "text": "BUILDING OUR FUTURE\nKEEP EMPLOYEES SAFE AND ENGAGED\nGROW FINANCIAL STRENGTH\nIMPROVE THE CORE BUSINESS\nENHANCE THE BRAND", "attrs": null, "canon": { "kind": { "name": "Diagram", "slug": "diagram", "status": "active", "canonId": "019de52c-f9f0-734a-81de-15382ff28c65", "version": 1, "description": "Schematic or relational diagram." }, "tool": null, "subkind": { "name": "Process flow", "slug": "process", "status": "active", "canonId": "019de52d-039c-718f-ad3a-efe9c4b3c838", "version": 1, "description": null }, "framework": null }, "subkind": "process", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-01 23:07:45.434+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9c22b9e3-6147-4bbe-850c-5f1087f7765b", "parentComponentId": null }, { "bbox": { "h": 0.62, "w": 0.45, "x": 0.03, "y": 0.31 }, "kind": "list", "text": "Core electric utility – focused on our core business\nSustained strong customer and load growth in the service area, with future acceleration from residential and industrial growth\nExecutable capital program of growth and reliability-driven infrastructure – a diverse set of transformational investments in generation, transmission, and distribution, supported by a robust IRP; 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Idaho Power's most recent rate case in its Idaho jurisdiction approved in 2023 provided for a return on a rate base of $3.8 billion, which excludes recovery of net rate base on coal-related assets related to North Valmy and Jim Bridger plants of approximately $0.2 billion, and rate base of approximately $0.2 billion in its Oregon jurisdiction subject to a general rate case currently filed with the OPUC with expected conclusion in 2024. The 2023 rate base amounts are adjusted in this graphic over time to reflect the ultimate decline in net rate base of coal-related assets. Coal related rate base may be fully collected by the end of 2028 and 2030, respectively, through separate regulatory orders.\n(2) Hells Canyon Complex (HCC) relicensing costs becoming eligible for rate base is subject to the Federal Energy Regulatory Commission's granting of a new operating license, which Idaho Power believes will occur in 2025 or thereafter. 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customers, 20% to Idaho Power (1)", "attrs": null, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-01 23:07:56.509+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d4b04805-70fa-4b3d-a0dd-b1a4e122dc6f", "parentComponentId": null }, { "bbox": { "h": 0.24, "w": 0.301, "x": 0.667, "y": 0.608 }, "kind": "paragraph", "text": "As of December 31, 2023, Idaho Power had utilized $0 of ~$86 million of ADITCs available", "attrs": null, "canon": { "kind": { "name": "Paragraph", "slug": 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Order received June 2023.\nIdaho, 2/21/2023, Application for CPCN, N/A, Closed, Application requesting Certificate of Public Convenience and Necessity authorizing Idaho Power to acquire 60-MW battery storage resources to be online by 2024 and approval of 100-MW solar PPA with Franklin Solar LLC.\nIdaho, 4/17/2023, Application to implement PCA rates, +$200.2 million, Approved tariffs 5/31/2023, IPUC approved, with modifications, the Company's PCA balancing adjustment as reasonable, ordering the cost recovery of the deferral balance equally over a two-year period beginning June 1, 2023. Idaho Power is also required to notify the IPUC of any outcome on the Hells Canyon Unit No. 3 damage claim.\nIdaho, 5/1/2023, On-Site Generation, N/A, Approved tariffs 1/1/2024, In December 2023, the IPUC approved, with modifications, Idaho Power's application to implement a real-time net billing export credit rate that will be seasonal and time variant with avoided cost-based value considerations for on-site generation customers. The order maintains the same legacy treatment (aka \"grandfathering\") for on-site generation customers as established in prior orders.\nIdaho, 5/26/2023, Application for CPCN, N/A, Closed, Application requesting Certificate of Public Convenience and Necessity authorizing Idaho Power to enter into a 20-year Energy Storage Agreement with Kuna BESSS LLC for 150 MW of dispatchable energy capacity. 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However, the Company buys generation from these facilities under long-term power purchase agreements.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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