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    Ross Sauler

    Managing Director and Senior Equity Analyst at Bank of America

    Ross Sauler is a Managing Director and Senior Equity Analyst at Bank of America, specializing in the consumer and retail sector with a focus on companies such as Walmart, Target, and Kroger. He is known for delivering actionable investment insights and has been recognized for consistently outperforming sector benchmarks, with a track record reflecting a success rate above 65% and notable returns for investors on platforms like TipRanks. Sauler began his financial analysis career in the early 2000s, previously holding roles at Morgan Stanley before joining Bank of America in 2015. He is FINRA-registered and holds multiple securities licenses, including the Series 7 and Series 63, marking him as a trusted leader in equity research.

    Ross Sauler's questions to IDACORP (IDA) leadership

    Ross Sauler's questions to IDACORP (IDA) leadership • Q3 2024

    Question

    Ross Sauler from Bank of America asked about customer rate affordability, specifically how the significant industrial load growth mitigates bill increases for residential customers. He also inquired about the future cadence of rate cases and any updates to earnings guidance.

    Answer

    SVP & CFO Brian Buckham explained that a "no harm analysis" ensures new large industrial customers cover the costs of the infrastructure they require, which significantly mitigates rate impacts on existing residential customers. He noted that while some system-wide upgrades benefit all, dedicated infrastructure is paid for upfront by industrial users. President & CEO Lisa Grow and CFO Brian Buckham confirmed that an annual rate case cadence is a "reasonable assumption" to reduce regulatory lag, though multi-year arrangements are also possible. Buckham declined to provide more specific long-term earnings guidance, pointing to the rate base growth methodology as the best indicator.

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