Idaho Power

Idaho Power

Electrical utility delivering affordable hydroelectric power

Overview

Idaho Power provides electricity to residential, business, and agricultural customers in a 24,000-square-mile area across Idaho and Oregon. The company relies on a mix of energy sources, with 17 hydroelectric projects forming the core of its low-cost generation, to deliver reliable power at affordable prices. It aims to reach 100% clean energy by 2045, and operates with a safety-first culture and a commitment to integrity and respect. Idaho Power is part of IDACORP Inc., a publicly traded parent company based in Boise, Idaho.

About Idaho Power

Simplify's Rating
Why Idaho Power is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Energy

Company Size

1,001-5,000

Company Stage

Acquired

Total Funding

N/A

Headquarters

Boise, Idaho

Founded

1916

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Simplify's Take

What believers are saying

  • IPUC approved 2026 FCA rates in May and raised PCA rates in June.
  • Bennett Mountain expansion won IPUC approval on March 10, 2026, reinforcing growth execution.
  • Idaho Power signed the February 2026 OTEC deal, simplifying operations and trimming Oregon exposure.

What critics are saying

  • OPUC, IPUC, and FERC must approve the $154 million Oregon sale by 2027.
  • South Hills and Peregrine face local opposition and permit risk before 2029-2030.
  • Wildfire liability or delayed capacity projects could trigger reliability failures and existential regulatory backlash.

What makes Idaho Power unique

  • Idaho Power serves about 630,000 customers across a regulated Southern Idaho monopoly.
  • Its hydro, solar, battery, and fast-ramping gas fleet balances intermittency better than peers.
  • The 2026 RFP targets least-cost resource additions through 2032, creating planning discipline.

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Funding

Total Funding

$0

Below

Industry Average

Funded Over

1 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Flexible Work Hours

Remote Work Options

401(k) Company Match

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

3%

2 year growth

3%
Yahoo Finance
Aug 22nd, 2026
Idaho Power seeks $154M sale of Oregon service to local cooperative

Idaho Power has applied to sell its Oregon service territory to Oregon Trail Electric Consumers Cooperative for $154 million. The sale would transfer 20,000 customers in Malheur, Harney, Baker and Wallowa counties to OTEC. The utilities entered into a purchase agreement in February, with a closing date in early 2027, pending approval from state and federal regulators. Idaho Power stated the sale would benefit customers in both states by simplifying operations and keeping rates affordable. Without the sale, Oregon customers would face a 17% rate increase due to inflation and capital investments. Under OTEC, customers would see only a 5.7% increase. Idaho Power would continue providing wholesale electricity to OTEC and operating generation and transmission resources in Oregon.

KIVI-TV
Jun 26th, 2026
Idaho Power proposes natural gas plant near Milner Dam to meet rising energy demand.

Idaho Power proposes natural gas plant near Milner Dam to meet rising energy demand. Idaho Power says the South Hills Power Plant would produce 222 megawatts - enough to power about 178,000 average homes Idaho Power wants to build a 222-megawatt natural gas plant near Milner Dam to meet rising energy demand in the Magic Valley. Posted 1 hour and 44 minutes ago MURTAUGH, Idaho - Energy demand is climbing across southern Idaho and the Magic Valley, and Idaho Power expects peak demand to jump by nearly 1,000 megawatts by the end of the decade. To help meet that need, the utility is proposing a natural gas power plant near Milner Dam. HEAR THE DETAILS YOU NEED TO KNOW ABOUT THE PROPOSED NATURAL GAS PLANT NEAR MURTAUGH: Idaho Power's Brandon Prescott was on the team that helped select the site for the proposed plant, called the South Hills Power Plant. "South Hills Power Plant came about as a result of that due diligence to make sure that we found all the right attributes to be able to potentially site a new gas project," Prescott said. The rural location already has access to a natural gas pipeline and the electrical grid that serves hydro generation from Milner Dam. The new plant would feature 12 natural gas engines capable of producing 222 megawatts of energy - enough to power about 178,000 average homes. By comparison, Milner Dam hydro produces up to 59 megawatts. The South Hills Power Plant is one of three new natural gas plants proposed for southern Idaho. The engines can reach full power in under 5 minutes. "With these, we have the ability to turn them on or off, we can ramp them up, we can ramp them down, so you provide a lot of flexibility into the system," Prescott said. The plants can also quickly adjust output to help balance other energy sources, including the 400 megawatts of solar installed since 2023. "So all of those combined are just now keeping up with that load again to make sure that we're able to keep the lights on, keep the system reliable, but it is a number of gas plants that we are working on to be able to meet the demand that we know will continue into the future," Prescott said. Some have questioned whether the new power would be exported out of state rather than serving local customers. Prescott addressed that concern directly. "We're seeing load growth across all sections: residential, manufacturing, mining, irrigation, small business, small commercial, large commercial - across-the-board throughout southern Idaho and in the Magic Valley we're seeing that load increase," Prescott said. "So these projects that we're looking to build and looking for approval for are to serve the customers within our service territory within the Magic Valley." The proposed power plant must clear several steps with the Idaho Public Utilities Commission before it can go before Twin Falls County Planning and Zoning. This story was initially reported by a journalist and has been, in part, converted to this platform with the assistance of AI. Its editorial team verifies all reporting on all platforms for fairness and accuracy. Send tips to Magic Valley neighborhood reporters Lorien Nettleton and Joey Martin Have a story idea from Twin Falls or the Magic Valley? Share it with its team below - More news in Twin Falls. Kivi-Tv cover stories making an impact in Twin Falls. This is your home to stay on top of what is changing in Twin Falls and why it matters to you and your family. Kivi-Tv want to hear from you! Click here and tell Kivi-Tv what Kivi-Tv should be covering in your neighborhood.

TipRanks
Feb 13th, 2025
Perpetua Resources Advances Stibnite Gold Project with New Contracts and Engineering Milestones

Perpetua Resources has announced the commencement of detailed engineering and a procurement contract with Idaho Power for the Stibnite Gold Project, following successful basic engineering and financial updates.

TipRanks
Feb 13th, 2025
IdaCorp Strengthens Leadership with New Board Appointments

Angelique Rood was promoted to Vice President at Idaho Power.

KMVT
Nov 23rd, 2024
Power outage scheduled for Sunday in Ketchum

KETCHUM, Idaho (KMVT/KSVT) - Idaho Power is planning a power outage on Sunday on the north side of Ketchum.

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