Idacorp (IDA) Proxy filing summary

Executive summary

• The annual meeting is scheduled for May 21, 2026, and will be held virtually, with shareholders able to vote electronically after registering in advance.

• Shareholders will vote on the election of ten directors, an advisory resolution on executive compensation, and the ratification of Deloitte & Touche LLP as the independent auditor for 2026.

• The company achieved its 18th consecutive year of earnings growth in 2025, increased its quarterly dividend, and maintained high customer satisfaction and reliability metrics.

• Strategic initiatives include major transmission projects, a focus on employee safety, and continued investment in clean, reliable energy.

Voting matters and shareholder proposals

• Shareholders will elect ten directors for one-year terms, approve executive compensation on an advisory basis, and ratify the appointment of Deloitte & Touche LLP as auditor.

• The board recommends voting FOR all proposals.

• No other shareholder proposals or matters are anticipated at the meeting.

Board of directors and corporate governance

• The board consists of ten members, nine of whom are independent, with diverse backgrounds in finance, operations, technology, and regulated industries.

• Committees include audit, compensation and human resources, corporate governance and nominating, and executive committees, all with independent membership.

• Annual board and committee self-evaluations are conducted, and there is a mandatory director retirement age of 72.

• The board separates the roles of chair and CEO and emphasizes succession planning and risk oversight.