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
C
Rated B on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Energy

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Boise, Idaho

Founded

1916

People at Idaho Power

People at Idaho Power who can refer or advise you

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Simplify's Take

What believers are saying

  • Gas plants enable rapid ramping and output balancing for 400 MW solar installed since 2023.
  • Scholarship programs commit $123,000 to Boise State and College of Western Idaho for local energy workforce development.
  • Virtual outage meetings with Norco enhance service reliability for vulnerable customers with medical or immobility needs.

What critics are saying

  • South Hills plant IPUC rejection on emissions and rates likely in 6 to 12 months with high impact.
  • Peregrine CPCN denial by cross-state regulators likely in 12 to 18 months due to capacity disputes.
  • Rate litigation post-2029 likely in 18 to 24 months triggering IPUC reassessment with high impact.

What makes Idaho Power unique

  • Advances 222 MW South Hills gas plant for mid-2029 operation to address 2029 capacity deficits.
  • Proposes 430 MW Peregrine Energy Center by mid-2030 as least-cost, least-risk capacity solution.
  • Secures 328 MWh BESS contract with Prevalon to support 5,000 MW wind and solar integration by 2046.

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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%
Idaho News 6
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.

Gray Media
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.

Stock Titan
Oct 21st, 2024
Avista selected for $85 million grant for transmission line update | AVA Stock News

Discover how a $85.6M DOE grant will transform the Lolo-Oxbow transmission line, boosting grid resilience and renewable energy capacity. Learn about the project's impact on hundreds of thousands, including the Nez Perce Tribe.

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