Who Owns IdaCorp Company?

Who Owns IDACORP Inc.?

Understanding IDACORP Inc.'s ownership is key to its strategy and accountability in the energy sector. A significant step was Idaho Power becoming a subsidiary of IDACORP Inc. on October 1, 1998, creating a holding company.

IDACORP, based in Boise, Idaho, serves southern Idaho and eastern Oregon through Idaho Power Company, founded in 1915. The company is committed to reliable, affordable electricity and aims for 100% clean energy by 2045.

As of July 2025, IDACORP is publicly traded on the NYSE under 'IDA'. With around 2,100 employees, its market capitalization was approximately $6.62 billion on July 31, 2025. Analyzing its ownership reveals its major stakeholders and board structure, influencing its strategic direction, including its approach to market positioning as seen in its IdaCorp BCG Matrix.

IDACORP Inc., the parent company of Idaho Power, was established on October 1, 1998. Idaho Power, its primary subsidiary, has a much longer operational history, dating back to its incorporation on May 6, 1915. This foundational entity was created by merging five smaller utility companies in southern Idaho.

Formation of IDACORP Inc.

IDACORP Inc. was formally created as a holding company on October 1, 1998. Its main operational asset became Idaho Power Company.

Origins of Idaho Power

Idaho Power Company was incorporated on May 6, 1915. It was the result of combining five smaller southern Idaho power companies.

Early Consolidation

The initial five companies that merged to form Idaho Power were Idaho-Oregon Light & Power, Great Shoshone and Twin Falls Water Power, Idaho Railway, Light & Power, Idaho Power & Light, and Southern Idaho Water Power Company.

Initial Infrastructure

At its inception in 1915, Idaho Power began operations with nine hydroelectric plants. The company's early strategy focused on expanding its power generation and distribution capabilities.

Growth Through Acquisition

The company pursued growth by acquiring other utilities. Notable early acquisitions included Thousands Springs Power Company in 1917, and later, assets from Vale Power Company, Murtaugh Light & Power Company, and Nevada Power Company.

Founding Vision

The overarching vision for the company was to establish a robust regional utility. This was intended to effectively serve the increasing residential, industrial, and business energy demands across Idaho.

While the specific individuals who founded Idaho Power in 1915 and their initial ownership stakes are not detailed, the company's early years were marked by strategic expansion. This growth was driven by both internal construction projects and the acquisition of existing power infrastructure. The company's commitment to serving its growing customer base is a key aspect of its Mission, Vision & Core Values of IdaCorp.

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As a publicly traded entity, IDACORP Inc.'s ownership structure is dynamic, primarily influenced by the holdings of institutional investors. The company's common stock is readily available on the New York Stock Exchange, identified by the ticker symbol 'IDA', making its ownership accessible to a broad range of investors.

The IdaCorp ownership landscape is significantly shaped by major institutional shareholders. Blackrock Inc. stands as the largest single shareholder, possessing 6,423,442 shares, which equates to 11.89% of the company's total stock. Following closely is Vanguard Group Inc., holding 11.13% (6,012,346 shares). Other substantial IdaCorp stakeholders include Wellington Management Group LLP with 6.55% (3,536,138 shares), T Rowe Price Investment Management Inc. with 3.91% (2,110,160 shares), and State Street Corp with 3.26% (1,762,340 shares). As of July 14, 2025, with the stock trading at $118.18, Blackrock Inc.'s stake was valued at approximately $775.12 million.

IDACORP's Financial Performance and Growth

IDACORP has exhibited consistent financial growth, reflecting strong operational management and strategic initiatives. The company's financial health is a key indicator for its IdaCorp stakeholders.

• In 2024, revenue reached $1.83 billion, a 3.41% increase from $1.77 billion in 2023.
• Earnings for 2024 amounted to $289.17 million, marking a 10.71% rise.
• Customer growth for Idaho Power was 2.6% in 2024.
• Net income for Q2 2025 was $95.8 million, up from $89.5 million in Q2 2024.
• This growth is attributed to increased customer usage, customer expansion, and favorable rate adjustments, aligning with the Growth Strategy of IdaCorp.

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The Board of Directors at IDACORP Inc. is central to the company's governance, with all directors also holding positions within its main subsidiary, Idaho Power Company. Shareholders elect ten directors annually, with the 2025 Annual Meeting of Shareholders held virtually on May 15, 2025, to confirm these nominations.

The voting power within IDACORP is primarily structured around its common stock, suggesting a standard one-share-one-vote principle for most shareholder decisions. While the specifics of any dual-class share structures or unique voting rights are not detailed, the company actively encourages shareholder participation through various proxy submission methods, including internet, telephone, and mail. Employee directors do not receive additional compensation for their board service, and the board's responsibilities extend to critical areas like executive compensation and the approval of long-term incentive programs. The provided information does not highlight any recent proxy contests or significant activist investor involvement that would alter the typical ownership dynamics.

Understanding IdaCorp's Shareholder Influence

Shareholder voting power is a key determinant in who owns IdaCorp and influences its direction. Understanding this structure is vital for any stakeholder interested in IdaCorp company ownership details.

• Common stock typically dictates voting rights.
• Shareholders are encouraged to participate in voting.
• Board nominees are presented for shareholder approval.
• The structure supports a clear line of accountability from shareholders to the board.
• This framework is fundamental to understanding IdaCorp stock ownership breakdown.

The corporate structure of IDACORP Inc. is designed to ensure robust oversight and strategic direction, with the board of directors playing a pivotal role. As detailed in the company's filings, all directors serve concurrently on the board of its principal operating subsidiary, Idaho Power Company, creating a unified governance approach. The election of these directors, typically ten in number, occurs annually, with shareholders invited to cast their votes. For instance, at the 2025 Annual Meeting of Shareholders, held virtually on May 15, 2025, shareholders had the opportunity to elect the nominated directors for one-year terms. The proxy statement for this meeting provides comprehensive details on each nominee, including their proposed committee assignments, offering transparency to IdaCorp stakeholders. The voting mechanism is generally based on common stock, implying a one-share-one-vote system for most matters, which is a common practice for public companies. However, specific details regarding any potential dual-class share structures or differential voting rights are not explicitly stated, meaning the general public ownership status is likely straightforward. The company actively promotes shareholder engagement, encouraging proxy submissions via the internet, telephone, or mail to ensure broad participation in corporate decision-making. Dennis L. Johnson serves as the Chair of the Board, providing leadership, while Lisa A. Grow holds the positions of President and CEO, overseeing the day-to-day operations. It is noteworthy that employee directors do not receive separate compensation for their board duties, aligning their interests with those of other shareholders. The board's responsibilities also encompass crucial areas such as executive compensation and the approval of long-term incentive plans, which are vital for attracting and retaining key talent. For those interested in the historical context of the company's governance and ownership, a Brief History of IdaCorp can provide further insights into its evolution. The current information does not point to any recent proxy battles or significant activist investor campaigns that would indicate a shift in IdaCorp company management ownership or a challenge to who is the majority owner of IdaCorp.

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In recent years, IDACORP has seen consistent growth in its customer base and has made strategic investments to bolster its regulated electric utility operations. This expansion, coupled with adjustments in rates, has positively impacted operating income, reflecting a healthy trajectory for the company and its IdaCorp ownership structure.

IDACORP's commitment to infrastructure development is evident through its substantial capital investments aimed at meeting increasing customer demand and enhancing energy reliability. The company is preparing to commence construction on three significant transmission projects in 2025. Furthermore, IDACORP has reported record-high retail customer megawatt-hour (MWh) sales for 2024 and has achieved new winter and summer peak demands, indicating robust operational performance and a growing customer base, which is a key factor for IdaCorp stakeholders.

Institutional Investor Dominance

As of 2025, institutional investors hold a significant 88.34% of IDACORP's stock. This high percentage underscores the substantial influence of large financial entities on the company's IdaCorp stock ownership breakdown.

Insider Ownership Trends

Insiders, while holding a smaller portion at 1.93%, have shown a net selling trend. This activity is a point of observation for those tracking IdaCorp company management ownership.

Financial Stability Measures

IDACORP has strategically utilized additional accumulated deferred investment tax credits (ADITC) to stabilize earnings. In Q2 2025, $17.2 million of ADITC was used, an increase from $7.5 million in Q2 2024, aiding in financial performance.

Analyst Outlook and Guidance

The company has issued its full-year 2025 earnings guidance between $5.65 and $5.85 per diluted share, anticipating the use of $60 million to $77 million in tax credits. Analyst sentiment remains positive, with an average rating of 'Buy' and a 12-month price target of $122.86 as of July 2025, reflecting confidence in the Target Market of IdaCorp.

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