IDACORP is a holding company whose principal subsidiary, Idaho Power, is a regulated electric utility that generates, transmits, and distributes electricity across southern Idaho and eastern Oregon, serving hundreds of thousands of residential, commercial, industrial, and irrigation customers across a multi-state service area. The company operates a diversified portfolio of hydropower, natural gas, and thermal generation assets, supplemented by purchased power and renewable energy contracts, while actively pursuing a transition away from coal generation through conversions to natural gas and investments in battery storage and solar capacity. Idaho Power generates revenue primarily through regulated retail electricity sales to its customer base, as well as wholesale energy sales and transmission services, with rates set on a cost-of-service basis through periodic regulatory proceedings before state and federal commissions that enable recovery of prudently incurred costs plus a reasonable return on capital investment.