Idacorp Earnings Rise

Idacorp(IDA Quote), the holding company of Idaho Power and other subsidiaries, said Tuesday its second-quarter earnings more than doubled, boosted by warmer temperatures, improved water conditions and higher irrigation demand.

The company earned $19.9 million, or 47 cents a share in the quarter, compared with $9.5 million, or 22 cents a share, a year ago. The company earned $22.7 million, or 53 cents a share from its continuing operations in the quarter. Analysts polled by Thomson First Call were expecting earnings of $19.7 million, or 44 cents a share.

Idaho Power, the company's regulated utility, contributed earnings of 51 cents a share compared with 30 cents a share a year ago. ...