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

N/A

Total Funding

N/A

Headquarters

Boise, Idaho

Founded

1916

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Simplify's Take

What believers are saying

  • 3.15% rate increase effective June 1, 2026 expands revenue if IPUC approves filings.
  • Pleasant Valley Solar project partners committed $123,000 scholarships, strengthening community workforce development.
  • Leadership transitions with new board chair and VP appointments signal organizational stability.

What critics are saying

  • Consecutive rate hikes—7.48% January plus 3.15% June—risk customer churn to solar competitors.
  • Union County formal letter April 15 demands B2H line weed accountability; regulatory fines likely.
  • IPUC may reject or reduce proposed 3.15% rate increase, eroding revenue projections.

What makes Idaho Power unique

  • Idaho Power maintains top-10 lowest residential and business rates nationally despite recent increases.
  • Achieved fewest customer outages ever in 2025, demonstrating superior grid reliability.
  • Integrating 328 MWh battery storage system to support 5,000 MW renewable energy influx.

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Benefits

Flexible Work Hours

Remote Work Options

401(k) Company Match

Company News

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.

CleanTechnica
Aug 8th, 2024
Politics Aside, Idaho Is A Renewable Energy Powerhouse

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google NewsIdaho has somehow garnered a reputation as a hotbed for right wing politics and extreme political weirdness, but that is going on the back burner as renewable energy stakeholders eye the state for new projects. In an interesting twist, some of those investor dollars can be traced to the leading global financial firm Blackstone. Any bets on how long it will be until Blackstone gets the BlackRock treatment from public officials?Blackstone Takes Aim At Renewable EnergyIt’s easy to confuse the names Blackstone and BlackRock, especially since both firms got their start under the Blackstone banner before splitting apart in 1994. However, they are two entirely different entities with two different business models.The political environment surrounding the two firms is also different. Under the renewables-friendly leadership of CEO Larry Fink, BlackRock has become the high profile target of outrage from public officials who subscribe to the anti-ESG movement, which is basically an effort to obstruct investment in renewable energy

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