IDACORP, Inc. Announces Second Quarter 2011 Results, Annual Earnings Guidance Remains Unchanged

BOISE-IDACORP, Inc. (NYSE: IDA) reported second quarter 2011 net income attributable to IDACORP of $20.9 million, or $0.42 per diluted share, compared to $39.2 million, or $0.82 per diluted share, in 2010. The 2010 second quarter included a $25 million ($0.52 per diluted share) income tax benefit from a tax accounting method change at Idaho Power Company for repair-related expenditures.