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| Company type | Subsidiary |
|---|---|
| Industry | Electrical generation, transmission, distribution |
| Founded | May 6, 1915 |
| Headquarters | Boise, Idaho, United States |
Key people | Lisa Grow, President and Chief Executive Officer, IDACORP, Inc. and Idaho Power[1] |
Number of employees | 2050 full time employees (2021)[2] |
| Parent | IDACORP, Inc |
| Website | www.idahopower.com |
Idaho Power Company (IPC) is a regulatedelectrical power utility. Its business involves the purchase, sale,generation,transmission anddistribution ofelectricity in easternOregon and southernIdaho. It is a subsidiary ofIDACORP, Inc. The company's 24,000-square-mile (62,000 km2) service area generally follows the area around theSnake River and its tributaries.
Idaho Power owns and operates 17hydroelectric dams[3] and threenatural gaspower plants. IPC also owns shares of onecoal-fired power plants.[4]
In 2023, electricity sold by IPC was 36.8% hydroelectric, 15.4% natural gas, 13.0% coal, 9.8% wind, 5.4% solar, and, 2.3% geothermal, biomass & other, and 17.3% purchased from other generation companies.[5]
Idaho Power Company originally filed for incorporation inMaine on May 6, 1915. It was reincorporated in Idaho as a subsidiary ofIDACORP, Inc on October 1, 1998.[2]This was followed by the purchase of the assets of five small southern Idaho power companies: Idaho-Oregon Light & Power; Great Shoshone and Twin Falls Water Power; Idaho Railway, Light & Power; Idaho Power & Light; and Southern Idaho Water Power Company.[6]
In 2018 Idaho Power sponsored the annual "Drive Electric Week" car show event at the state capitol. At the show people can learn aboutelectric vehicles.[7] Interest in electric vehicles has increased because of changing gas prices, improvements in battery technology, concerns for the environment and federal tax incentives for buying electric vehicles. To respond to customer interest, Idaho Power added tools to its website to guide customers investigating purchasing an electric vehicle.[8]
In 2019, Idaho Power set a goal to provide 100-percent clean energy by 2045. In addition to its hydropower facilities, which typically meet almost half its customers’ energy demands, Idaho Power plans additional investments in wind, solar and other clean sources. Clean energy resources are becoming more affordable, which could help Idaho Power accomplish its goal while keeping prices fair. Grid upgrades and battery-storage technology should help maintain Idaho Power's impressive reliability while moving the company closer to its goal. Continued energy efficiency efforts will help. Clean energy initiatives are not new to Idaho Power. In 2009, the company adopted a resolution to reduce carbon emissions. Idaho Power has reduced its carbon emissions intensity — measured in pounds of carbon dioxide (CO2) per megawatt-hour — by almost 50 percent since 2005. The company has entered agreements to end participation in two coal plants and is exploring exiting a third — and final — coal plant.[9]
IPC's 17hydroelectric power plants have a generation nameplate capacity of 1,988,615 kilowatts,[3] and it is one of the nation's few investor-owned utilities with a significant hydroelectric generating base. Four-fifths of Idaho's electricity generation is from hydroelectric.[10] Idaho Power built the majority of its hydroelectric facilities during the 1940s, 1950s, and 1960s, culminating with completion of the three-dam Hells Canyon Complex (Brownlee Dam,Oxbow Dam, thenHells Canyon Dam) in 1968.[6]
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