IDACORP (NYSE:IDA) is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company’s service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.
Idaho Power’s generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources. The utility maintains more than 17,000 miles of transmission and distribution lines that connect its supply sources to customer load centers, while pursuing grid modernization and resource optimization initiatives to enhance reliability and cost-effectiveness.
Beyond its core regulated utility business, IDACORP holds interests in non-regulated energy ventures. These include IDACORP Financial LLC, which provides wholesale power services, natural gas storage capacity and trading operations. The company also evaluates and develops emerging energy solutions, such as distributed generation and demand-side management programs, to address evolving customer needs and regulatory requirements.
Founded in 1915 and reorganized under its current name in 1998, IDACORP has grown in step with the regional economy. The company employs approximately 2,000 people and maintains its corporate offices in Boise. Lisa Grow, President and Chief Executive Officer since 2018, leads a management team focused on safe operations, sustainable resource planning and delivering value for customers and shareholders.
