IDACORP, Inc.

Everyone heard Lisa's warning.

Welcome to IDA Corp's second quarter 2025 earnings call. Today's call is being recorded and our webcast is live. A replay will be made available later today 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 phone. I will now turn the call over to Amy Shaw, Vice President of Finance, Compliance, and Risk. Please go ahead.

Thank you. Good afternoon, everyone. We appreciate you joining our call. The slides we'll reference during today's call are available on IDACorp's website. As noted on slide two, our discussion today includes forward-looking statements, including earnings guidance, spending forecasts, financing plans, regulatory plans and actions, and estimates and assumptions that reflect our current views on what the future holds, all of which are subject to risks and uncertainties. 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. We've included our cautionary note on forward-looking statements and various risk factors in more detail for your review in our filings with the Securities and Exchange Commission. As shown on slide three, we also have Lisa Groh, President and CEO, Brian Buckham, SVP, CFO and Treasurer, and John Wunderlich, Investor Relations Manager, presenting today. Slide four has a summary of our second quarter results. IdaCorp's diluted earnings per share were $1.76 compared with $1.71 for last year's second quarter. In the second quarter of this year, we recorded $17.2 million of additional tax credit amortization under the Idaho regulatory mechanism compared with $7.5 million in the second quarter of last year. For the first half of 2025, diluted earnings per share were $2.87 versus $2.67 in 2024. Those results include additional tax credit amortization of $36.5 million in the first half of 2025 versus $20 million in the first half of last year. For our key operating metrics, we're raising the lower end of our full-year IdaCorp diluted earnings per share guidance by $0.05 to the new range of $570 to $585. This increase is driven by strong operational results in the second quarter And it includes our expectation that Idaho Power will use between $60 and $77 million of additional tax credit amortization for the full year. These estimates also assume historically normal weather conditions and normal power supply expenses for the rest of the year. Now I'll turn the call over to Lisa.