debt_leverage_profile
0.97x Total Debt / Equity (Moderate leverage)
High
SEC-XBRL
interest_rate_sensitivity
~$4M annual interest expense increase per 100bps rise; ~60% fixed-rate debt mitigates near-term exposure on ~$2.8B debt load
Inferred
Agent_Inference
geopolitical_supply_exposure
High intensity; European gas dependency on Russia exposed structural energy security vulnerabilities.
Medium
GICS-commodity-overlay-v1
supply_chain_dependency
Transformer/electrical equipment manufacturing concentrated in China; natural gas pipeline infrastructure chokepoints in Pacific Northwest
Inferred
Agent_Inference
international_expansion_readiness
null
Inferred
Agent_Inference
geographic_footprint
Operates exclusively in southern Idaho; no international revenue; zero sovereign currency devaluation exposure
Inferred
Agent_Inference
commodity_exposure_profile
High intensity; commodities: Natural Gas, Coal, Uranium, Crude Oil, Copper (grid), Lithium (storage); geopolitical: European gas dependency on Russia exposed structural energy security vulnerabilities.
Medium
GICS-commodity-overlay-v1
vendor_lock_dependency_score
IDACORP depends on PacifiCorp/BPA transmission agreements and natural gas suppliers; no single vendor exceeds 30% but transmission access is non-substitutable
Inferred
Agent_Inference
business_model_type_primary
Regulated electric utility; not cloud-dependent; physical grid infrastructure operates independently of any cloud provider termination
Inferred
Agent_Inference
business_model_type_secondary
Hydroelectric generation (~50% of capacity); FERC-licensed water rights represent secondary model; minimal cloud operational risk
Inferred
Agent_Inference
switching_cost_profile
No meaningful API coupling risk; operational technology uses proprietary SCADA/grid management systems with decade-long replacement cycles
Inferred
Agent_Inference
howey_test_risk_index
Fails Howey Test; regulated utility revenue is earned through physical electricity delivery under state/federal tariffs, not passive investment returns
Inferred
Agent_Inference
regulatory_burden_tier
Very High
Medium
GICS-regulatory-overlay-v1
data_sovereignty_risk
Minimal GDPR exposure (no EU operations); moderate CCPA risk for Idaho residential customer billing data; utility exemptions limit liability
Inferred
Agent_Inference
antitrust_exposure_flag
Low antitrust risk; operates as state-sanctioned regulated monopoly in IRP territory; IPUC oversight preempts typical antitrust scrutiny
Inferred
Agent_Inference
regulatory_exposure_profile
Very High burden; regimes: FERC, NERC, EPA, NRC, State PUCs, DOE; Rate-case lag and clean-energy mandates compress returns on regulated asset base.
Medium
GICS-regulatory-overlay-v1
revenue_model_type
~95% recurring via regulated tariff-based electricity sales under multi-year rate cases; minimal transactional revenue
Inferred
Agent_Inference
monetization_vector
Per-kWh tariff charges to captive residential, commercial, and industrial customers under IPUC-approved rate schedules
Inferred
Agent_Inference
pricing_architecture
Cost-of-service rate base regulation; prices set by IPUC every 3-5 years; limited ability to raise rates unilaterally; inflation pass-through via PCA mechanism
Inferred
Agent_Inference
pricing_power_rating
Moderate; regulatory lag limits real-time pricing power but allowed ROE of ~9.5% provides predictable return floor
Inferred
Agent_Inference
target_gross_margin_bracket
Regulated utility gross margin ~35-45%; net income margin ~15-18%; constrained by rate base regulation
Inferred
Agent_Inference
churn_vulnerability_index
Near-zero churn; captive service territory monopoly; no free-rider risk; all customers must purchase from Idaho Power
Inferred
Agent_Inference
headcount_cost_structure
Revenue growth is largely sublinear to headcount; capital investment drives growth; utility O&M scales modestly with customer additions (~1-2% annual growth)
Inferred
Agent_Inference
marginal_cost_of_growth
Marginal growth cost is capital-intensive (grid infrastructure ~$300-500M annual capex) but not headcount-linear; incremental customers have low marginal service cost
Inferred
Agent_Inference
franchise_compliance_risk
null
Inferred
Agent_Inference
customer_acquisition_metric
At 10x scale, CAC remains near zero (captive territory); unit economics improve with density; regulatory rate base grows proportionally limiting margin expansion
Inferred
Agent_Inference
network_effect_present
No meaningful network effects; grid value is infrastructure-based not user-based; durability depends on regulatory franchise protection not network dynamics
Inferred
Agent_Inference
asset_efficiency_ratio
3.0% Return on Assets (Excellent)
High
SEC-XBRL
recession_resistance_tier
Tier 1 recession-resistant; essential electricity service with inelastic demand; residential base ~50% of revenue provides stable floor during downturns
Inferred
Agent_Inference
customer_segment_primary
Residential customers (~35% of revenue, ~500,000 accounts); low concentration risk across broad Idaho residential base
Inferred
Agent_Inference
customer_segment_secondary
Commercial and industrial customers (~55% of revenue); agricultural irrigation and manufacturing segments; top 10 industrial customers represent ~10-15% of revenue
Inferred
Agent_Inference
characteristic_occupations
["11-0000 Management Occupations", "13-0000 Business and Financial Operations Occupations", "15-0000 Computer and Mathematical Occupations", "17-0000 Architecture and Engineering Occupations", "23-0000 Legal Occupations", "41-0000 Sales and Related Occupations", "43-0000 Office and Administrative Support Occupations", "47-0000 Construction and Extraction Occupations", "49-0000 Installation, Maintenance, and Repair Occupations"]
High
SOC-2018/GICS-overlay
agent_automatable_labor_share
0.34 (HIL — ~34% of characteristic roles agent-automatable)
Medium
SOC-2018 + agentic-exposure-v1
capital_expenditure_profile
67.5% CapEx / Revenue (High-CapEx Infrastructure)
High
SEC-XBRL
sec_cik
0001057877
High
SEC-EDGAR
ticker
IDA
High
SEC-EDGAR