Power & energy
IDACORP
Business, financial evidence and documented connections to the AI buildout.
Business and AI exposure
IDACORP is the parent of Idaho Power. Its connection to Meta’s Kuna campus is a utility-service relationship, not ownership of the data center or its AI workloads. Utility earnings depend on customer consumption and approved cost recovery.
datacenters.atmeta.com ↗ · www.idacorpinc.com · 2026-07-30 ↗
Earnings and disclosures
Latest verified results: Q2 2026 · Released 2026-07-30
Next results: 2026-10-29 · Q3 2026.
Checked 2026-10-18 · Financial context and sources ↓
Financial context
For Q2 2026, IDACORP reported $102.6 million of net income. Large-contract-customer revenue, net of related supply and adjustment costs, increased operating income by $6.5 million year over year. The release did not identify that entire increase as Meta-related or AI-only.
Delivery and commitments
Meta announced that Kuna was online on September 3, 2026. The opening is an achieved operator milestone and should no longer be presented as an upcoming campus opening. It does not disclose Idaho Power’s site revenue or billed demand.
Costs, funding and dependencies
Load growth, power-supply costs, regulatory recovery and financing affect utility returns. Higher debt increased interest expense. A campus opening does not establish the profitability of the utility connection or full future utilization.
What to watch next
Watch actual large-customer service, load and recovery of associated costs. No separate dated next Kuna increment was established in the cited materials.
datacenters.atmeta.com ↗ · www.idacorpinc.com · 2026-07-30 ↗
Documented project connections
Each connection below has a specific, cited role. A supplier, lender, customer or proposed acquirer has different economics from the project owner.
Meta Kuna
Idaho Power Brisbie electric-service counterparty; IDACORP corporate financial context, not campus owner
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Evidence boundaries
Company totals, segment sales, bookings, backlog, spending, capacity and usage describe different things. They do not establish project-level revenue, earnings or an exact AI-only revenue share unless the cited disclosure explicitly says so.
This is a dated research snapshot. Forecasts are attributed expectations, and undisclosed amounts remain unknown. Source review does not certify every project or future outcome.