Profile: Idacorp Inc (IDA)
16 Mar 2018
IDACORP, Inc., incorporated on February 2, 1998, is a holding company. The Company's principal operating subsidiary is Idaho Power Company (Idaho Power). The Company's segment is utility operations. The utility operations segment's primary source of revenue is the regulated operations of Idaho Power. Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale and purchase of electric energy and capacity. Idaho Power is the parent of Idaho Energy Resources Co. (IERCo), a joint venturer in Bridger Coal Company (BCC), which mines and supplies coal to the Jim Bridger generating plant owned in part by Idaho Power. The Company's other subsidiaries include IDACORP Financial Services, Inc. (IFS), an investor in affordable housing and other real estate investments, and Ida-West Energy Company (Ida-West), an operator of small hydroelectric generation projects.
As of December 31, 2016, Idaho Power provided electric utility service to approximately 535,000 general business customers in southern Idaho and eastern Oregon. Idaho Power's principal commercial and industrial customers are involved in food processing, electronics and general manufacturing, agriculture, healthcare and winter recreation. As of December 31, 2016, Idaho Power held franchises, typically in the form of right-of-way arrangements, in 71 cities in Idaho and nine cities in Oregon, and held certificates from the respective public utility regulatory authorities to serve all or a portion of 25 counties in Idaho and three counties in Oregon. Idaho Power primarily relies on Company-owned hydroelectric, coal-fired and gas-fired generation facilities, and long-term power purchase agreements to supply the energy needed to serve customers. As of December 31, 2016, Idaho Power operated 17 hydroelectric projects located on the Snake River and its tributaries, which provided a total nameplate capacity of 1,709 megawatts (MW) and annual generation of approximately 8.5 million Megawatt-hours (MWh) under median water conditions.
Idaho Power co-owns various coal-fired power plants, such as Jim Bridger, located in Wyoming; North Valmy, located in Nevada, and Boardman, located in Oregon. Idaho Power owns and operates the Langley Gulch natural gas-fired combined cycle power plant, and the Danskin and Bennett Mountain natural gas-fired simple cycle combustion turbine power plants. Idaho Power provides cost-based wholesale and retail access transmission services. As of December 31, 2016, Ida-West operated and had ownerships interest in nine hydroelectric projects that had a total generating capacity of 45 MW. As of December 31, 2016, Idaho Power's hydroelectric projects included Lower Salmon, Bliss, Upper Salmon, Shoshone Falls, Swan Falls, American Falls, Cascade, Milner and Twin Falls.
1221 W Idaho St
BOISE ID 83702-5627