IDACORP is benefiting from rising electricity demand, as subsidiary Idaho Power added approximately 15,000 customers, 2.3% annual growth through June 30, 2026, and second-quarter industrial revenues rose 17%. Customer growth, excluding large contract customers and net of power supply costs and power cost adjustment mechanisms, lifted second-quarter operating income by $4.5 million. Idaho Power's 2025 Integrated Resource Plan expects retail sales to grow 8.3% annually and peak demand 5.1% annually over five years, with Micron's expansion and Meta's new data center adding revenue in the second half of 2026. The company forecasts 2026 capital expenditures of $1.3–1.5 billion and about $7.1 billion through 2030. Peers show similar trends: Alliant Energy had 1,011,128 electric customers as of June 30, 2026, up 0.69%, and Pinnacle West's Arizona Public Service reported 5.6% growth in weather-normalized sales and 2.1% customer growth in the second quarter of 2026.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related news
- NiSource announces long-term agreement with Microsoft expected to increase customer savings and support Indiana’s economic growth
NiSource announced a 20-year energy agreement with Microsoft for its northwest Indiana campus, with service expected to begin in 2028. The deal adds about 1,100 MW of new generation through NiSource Generation Company (GenCo), along with 600 MW of contracted battery storage. Microsoft fully funds the generation and transmission it requires, designed to keep existing NIPSCO electric customers from bearing incremental costs. Total expected customer savings from the data center arrangements rise to approximately $1.75 billion, equal to as much as $140 per customer annually. More operational and financial details will be shared on the third-quarter earnings call.
- Nvidia Corp (NVDA): Jensen Huang's Visionary Leadership Drives Long-Term AI Growth
Patient Capital Management's Q3 2026 letter says its Patient Opportunity Equity Strategy gained 4.32% in the quarter versus 2.30% for the S&P 500, and is up 14.93% year to date versus 12.75% for the index. NVIDIA (NVDA) is named a top contributor; it closed at $226.32 on October 12, 2026, up 6.67% over the past month and 25.71% over the past year, with a $5.45 trillion market cap and a 52-week range of $164.27 to $243.37. The fund credits CEO Jensen Huang with leading through the AI boom, helping launch new customers and planting seeds for additional revenue streams. It calls next year's sub-15x earnings multiple extraordinarily attractive, unless an earnings peak is imminent, which the fund does not believe. At the end of Q2, 285 hedge fund portfolios held NVDA, up from 275 the previous quarter.
- Nike's India campus is a long-term growth bet amid turnaround
Nike announced it will build a new global campus in Bengaluru, India, which CEO Elliott Hill called a 'long-term investment' expected to open within the next few years and to house corporate roles across Nike, Jordan Brand and Converse. The move comes as Nike works to turn its business around, with revenue in Greater China falling 26% in the fiscal first quarter even though North America revenue slightly beat expectations. A Nike spokesperson said the company remains 'deeply committed' to China, which it sees as one of its most important long-term growth markets. Experts say investing in India requires persuading consumers to adopt the brand, a challenge Nike has also struggled with in China. Nike also plans to cut jobs and target about $2.5 billion in savings through fiscal 2031 under its Pace strategy, and it will discuss the India campus in detail at its investor day next month.
- This Unstoppable Vanguard ETF Could Turn $500 Per Month Into $1 Million Over the Long Term
The Vanguard S&P 500 Growth ETF (VOOG) tracks an index of 151 high-growth stocks from the S&P 500, with 53% of its assets in information technology and four of its top five holdings in that sector. The article says Nvidia, Microsoft, Apple, Alphabet and Broadcom have posted a median return of 300% since the start of 2023, while Advanced Micro Devices and Micron rose 800% and 1,780%. The ETF has delivered a compound annual return of 16.9% since 2010, versus 14.1% for the S&P 500, and 28.4% a year over the last three years. The author estimates that at a 14.1% annual return, $500 invested monthly could reach $1 million in just under 23 years, and believes the ETF will keep beating the S&P 500 over the long term.
- Average long - term US mortgage rate holds at 7 . 4 %
The average 30-year fixed US mortgage rate held unchanged at 7.40% from last week, according to Freddie Mac on Thursday. That is the highest level since November 16, 2023, when it was 7.44%, and up from 6.27% a year ago. The reading ended a seven-week climb. The 15-year fixed rate eased to 6.71% from 6.73%, compared with 5.52% a year earlier. Rates generally follow the 10-year Treasury yield and are shaped by inflation, Federal Reserve policy and bond investor expectations. They have risen since late February, when the US war with Iran began and pushed up oil prices and inflation, while bond market volatility has lifted Treasury yields. Higher rates have kept US home sales stalled this year, adding hundreds of dollars in monthly costs and limiting buyers' purchasing power.
- Average long - term mortgage rate holds at 7 . 4 %, remaining at high level
The average 30-year fixed mortgage rate held steady at 7.40% this week, unchanged from last week, according to Freddie Mac, its highest since November 2023 and up from 6.27% a year ago. The 15-year fixed rate eased to 6.71% from 6.73%, ending a seven-week climb in the 30-year average. Rates have risen since late February, when the U.S. war with Iran began and pushed up oil prices and inflation, while the 10-year Treasury yield pulled back to 5.10% from its highest level since 2002. Home sales remain stalled, mortgage applications fell 2.7% last week per the MBA, and adjustable-rate loans reached 10.5% of applications, the highest in a year. Inflation data came in above expectations, and CME Group data show the odds of a December Fed rate hike rising to 64.6% from 49.9% a month earlier.
Related markets
Latest news
- Earnings live updates: All eyes on Musk and Meta as Q3 earnings rev up
Big tech is the focus of this week's earnings season, with Meta (META), SpaceX (SPCX) and Tesla (TSLA) due to report. SpaceX and Netflix (NFLX) kick off on Tuesday after the bell, while Tesla and Meta report on Wednesday, offering an early read on the Magnificent Seven and the AI trade. Wall Street estimates S&P 500 earnings growth of 29.6%, according to FactSet; if that holds, it would be the third straight quarter of growth above 25%. General Motors (GM), IBM (IBM), United Airlines (UAL) and Procter & Gamble (PG) also report this week.
- Mysterious UAV Enters Lithuania as NATO Fighters Fail to Intercept It
On the morning of October 18, an unidentified drone entered Lithuanian airspace between 6:00 and 8:00, prompting an air alert and the scrambling of NATO jets, which escorted the object but could not shoot it down due to difficult weather. Debris later found in Juojonis village in Pasvalys district was initially identified as drone parts, and the military says it may have entered from Poland. Latvia issued a similar warning for several regions and cancelled it at 8:12, though its army has not confirmed the object was a drone. Prime Minister Mindaugas Sinkevičius said the sabotage hypothesis must be verified, while law enforcement works to determine the drone's origin; earlier, on September 15, Italian Eurofighter Typhoons shot down a drone that had flown into Lithuania from Belarus.
- Corning Is Moving Beyond Fiber Cables. Can AI Networking Pay Off?
Corning (GLW) is extending beyond fiber cables into optical components inside AI systems, having demonstrated optical connectivity with Lumentum and Astera Labs on October 12 and partnered with Nvidia on a planned tenfold expansion of optical connectivity capacity in the US. Its Optical Communications sales rose 32% year-over-year to $2.07 billion in Q2 2026, and management sees a potential $10 billion revenue opportunity by 2030 from a photonics platform, though timing and adoption remain uncertain. Still, the valuation is elevated, with a forward non-GAAP P/E of 44.81x, about 84% above its 5-year average of 24.31x, while analysts expect EPS to grow 30.41% in December 2026 and 33.02% in December 2027. The article notes that slower AI spending or delayed CPO adoption could pressure the stock.
- Google’s Next AI Chip Is Running Late. Why Marvell May Be Fine
GF Securities says one part of Google's TPU v9 design slipped about three weeks, likely due to a redesign, pushing the timeline back roughly a quarter, with mass production now expected in Q2 2027. Packaging substrate yields of just 45% to 50% are a key obstacle, but GF sees no demand problem, citing strong TPU demand from Google and external customers such as Anthropic. The firm points to MediaTek, not Marvell (MRVL), as facing short-term headwinds, so any benefit to Marvell appears indirect. At 63x forward earnings, a 66% premium to its five-year average P/E of 38.02x, the article concludes the delay is not by itself a reason to buy.
- Stocks bounce back, Anthropic's "Public Benefits", and Musk's promise to American kids
The 8:30 show, hosted by Julie Hyman, Pras Subramanian and Jake Conley, discusses the stock market's rebound. Other topics include Anthropic's (ANTH.PVT) commitment to a “Public Benefit” fund, Elon Musk's promise to American children about SpaceX (SPCX) stock ahead of earnings, and doubts over an IPO after Microsoft (MSFT) withdrew.
- Microsoft vs. Alphabet: Is GOOGL’s Cloud Growth Worth More Than Investors Think?
Microsoft (MSFT) and Alphabet (GOOGL) trade at forward P/E ratios of 25.13 and 22.83, respectively. Google Cloud revenue jumped 82% to $24.8 billion in the second quarter, with operating income rising from $2.8 billion to $8.8 billion, while Azure and other cloud services grew 43%. Both companies face heavy infrastructure spending: Microsoft spent $35.8 billion on property and equipment, pushing its cloud gross margin down to 65%, while Alphabet spent $44.9 billion, leaving roughly negative $5.85 billion in quarterly free cash flow. The article argues Alphabet's $9.11 EPS is unreliable because about $98 billion came from net other income, so its 30% operating-income growth better reflects underlying performance. Microsoft has a more diversified earnings base and higher consolidated operating margins, but the key question is whether either company can turn AI demand into cash after paying for infrastructure.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.