IDACORP, Inc.

Welcome to IDA Corp's fourth quarter and full year 2021 earnings conference call. Today's call is being recorded and our webcast is live. A complete replay will be available later today and for the next 12 months on the IDA Corp website. If you need assistance at any time during the presentation, please press star zero on your telephone. I would now like to turn the call over to Justin Forsberg, Director of Investor Relations and Treasury.

Thanks, Savannah, and good afternoon, everyone.

This morning we issued and posted IDACORPS website our fourth quarter and year end 2021 earnings release and form 10K. The slides that accompany today's call are also available on IDACORPS website. We will refer to those slides by number throughout the call today. As noted on slide two, our discussion includes forward looking statements, including earnings guidance and spending forecasts, which reflect our current views on what the future holds but are subject to several risks and uncertainties. This cautionary note is also included in more detail for your review in our filings with the Securities and Exchange Commission. These risks and uncertainties may cause actual results to differ materially from statements made today, and we caution against placing undue reliance on any forward-looking statements. As shown on slide three, on today's call we have Lisa Groh, IDACorp's President and Chief Executive Officer, Steve Keen, IDACorp's Senior Vice President and Chief Financial Officer, and Brian Buckham, IDACorp's Senior Vice President and General Counsel. As previously announced, Brian will assume the role of Chief Financial Officer on March 1st. We also have other members of our management team available for a Q&A session after Lisa, Steve, and Brian provide updates. Slide 4 shows our quarterly and annual financial results. IDACORPS 2021 fourth quarter earnings per diluted share were $0.65, a decrease of $0.09 per share from last year's fourth quarter. 2021 full year earnings per diluted share were $4.85, which were $0.16 above 2020. 2021 earnings are the highest in the history of the company and represent the 14th consecutive year of growth in IDACORPS earnings per share. We believe this achievement is unprecedented among publicly traded electric utilities. Today, we also initiated our full year 2022 IDA Corp earnings guidance estimate to be in the range of $4.85 to $5.05 per diluted share, with our expectation that Idaho Power will again not need to utilize in 2022 any of the additional tax credits that are available to support earnings under its Idaho regulatory settlement stipulation. These estimates assume normal weather conditions over the balance of 2022. I'll now turn the call over to Lisa.