IDACORP, Inc.: Unlevered Regulated Utility Holding Company
INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 3 February 2017 Update RATINGS IDACORP, Inc. Domicile Boise, Idaho, United States Long Term Rating Baa1 Type LT Issuer Rating Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Ryan Wobbrock 212-553-7104Idacorp is a holding company. The company's principal operating subsidiary, Idaho Power Company (Idaho Power) is an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. Idaho Energy Resources Co., a joint venturer in Bridger Coal Company, which mines and supplies coal to the Jim Bridger generating plant owned in part by Idaho Power. The company's other subsidiaries include: IDACORP Financial Services, Inc., an investor in affordable housing and other real estate investments; and Ida-West Energy Company, an operator of small hydroelectric generation projects.
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