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Monday, September 16, 2013

New Mortgage bonds for Idaho Power issued in August, not filed with the SEC since August 1st.

Mark Reinhardt- Boise Idaho Idaho Power, has recently issued new Mortgage Bonds for the company, according to a Prospectus filing with the U.S. Securities and Exchange Commission.
In the filing, it had advised investors to monitor the risk factors involved in purchasing the notes. http://www.sec.gov/Archives/edgar/data/49648/000104746913007542/a2215866z424b5.htm According to SECForm4.com, a website that publishes Insider Trading Data, Idaho Power's Chief Investment Officer had sold 14, 238 shares of company common stock, totaling $157,428 (U.S. Dollars) in August. While Lori Smith, Idaho Power's Chief Risk Officer had sold 823 shares in June, totaling $12,556 (U.S. Dollars)
http://www.secform4.com/insider-trading/1057877.htm As of its August 1st Quarterly Report, Idaho Power, and Idacorps Balance Sheet was listed, as this.
Currently, Idaho Power still owes 75 Million Dollars in Mortgage Bond Liabilities as of this year. http://www.sec.gov/Archives/edgar/data/49648/000119312513142218/d513814d424b5.htm Idacorp, Chief Financial Officer Darrell Anderson, made the following remarks at an Investor Conference Call on Company Revenue, according to a Transcript published by Reuters, "want to highlight the story inside our story and that is the improvement we have seen in our operating income. Notably, the three and six months ended June 30, 2011, '12 and '13 show an improvement that we believe is reflective of the strength of our core business. While both 2011 and 2012 relied in varying degrees on tax method changes and tax settlements to reach our reported earnings per share, in 2013 our operating results deliver a much larger portion of our bottom line. We continue to focus on enhancing the operating income line, as reflected in our reduction in our full year estimate of operating and maintenance expenses for 2013. On slide 7 we present our 2013 key operating and financial metrics. Four of the metrics have changed from those presented on our May 2 earnings conference call. We have reduced the range of anticipated operations and maintenance expenses by $5 million on the high and low end, to reflect both achieved and expected reductions in operating expenses for the year." http://www.idacorpinc.com/pdfs/confcalls/ERWC2Q2013.pdf http://www.idacorpinc.com/pdfs/confcalls/ERWC2QP2013.pdf Idaho Power had revenue increases due to approval by the Idaho Public Utilities Commission, according to the August 1st 10Q filed with the SEC.
As of this report, Idacorp does not have new filings listed on the Edgar Database after August 1st.
No further information is available at this time.

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