IDACORP Inc. (Boise, ID) reported net income of $46.8 million, or $1.22 per share, for the third quarter. For the year-to-date, IDACORP reported net income of $42.8 million, or $1.12 per share. Last year's earnings were $0.98 per share for the third quarter and $1.72 per share for the first nine months of the year.
"Quarterly results benefited from the recognition of intra-period tax benefits, the sale of the book of wholesale electricity contracts at IDACORP Energy, and a contract settlement at IdaTech," said IDACORP President and Chief Executive Officer, Jan Packwood. "As a result of earnings from the sale of our book at IDACORP Energy, we are revising our 2003 earnings guidance at IDACORP upward to the range of $1.15 to $1.30. At Idaho Power Company, we reaffirm our guidance at $1.20 to $1.40 per share."
