Idacorp

#2407

Rank

$6.24B

Marketcap

United States

Country

Leadership team

Ms. Lisa A. Grow (CEO, Pres & Director)

Mr. Brian R. Buckham (Sr. VP & CFO)

Mr. Jeffrey L. Malmen (Sr. VP of Public Affairs)

Products/ Services

Electrical Distribution, Energy, Financial Services, Real Estate

Number of Employees

1,000 - 20,000

Headquarters

Boise, Idaho, United States

Established

1915

Company Registration

SEC CIK number: 0001057877

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

IDA

Social Media

URL

https://www.idacorpinc.com

Overview

Location

Recognition and Award

References

Summary

IDACORP, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming and Nevada. As of December 31, 2021, it had approximately 4,843 pole-miles of high-voltage transmission lines; 23 step-up transmission substations located at power plants; 21 transmission substations; 10 switching stations; 30 mixed-use transmission and distribution substations; 187 energized distribution substations; and 28,570 pole-miles of distribution lines, as well as provides electric utility services to approximately 604,000 retail customers in southern Idaho and eastern Oregon. The company serves commercial and industrial customers, which involved in food processing, electronics and general manufacturing, agriculture, health care, government, and education. It also invests in housing and other real estate tax credit investments. IDACORP, Inc. was founded in 1915 and is headquartered in Boise, Idaho.

History

Idacorp was founded in 1916 by the privately owned Idaho Power Company, which generates and distributes electricity in southern Idaho. With the passage of the Public Utility Regulatory Policies Act of 1978, Idaho Power was reorganized and Idacorp was established as its holding company. The company has since grown to become an energy leader in the Pacific Northwest, providing energy services to more than 580,000 customers in Idaho and Oregon.

Mission

Idacorp's mission is to provide reliable, renewable, and affordable energy to our customers and communities in the most efficient and cost-effective manner possible.

Vision

Idacorp's vision is to be the utility of choice in the Pacific Northwest, delivering value to our customers, communities, and shareholders.

Key Team

Mr. Adam J. Richins (Sr. VP & COO of Idaho Power)

Mr. Kenneth W. Petersen (VP, Chief Accounting Officer & Treasurer)

Mr. Jason C. Huszar (VP of Information Technology & Chief Information Officer)

Justin S. Forsberg (Director of Investor Relations & Treasury)

Mr. Patrick A. Harrington (VP, Gen. Counsel & Corp. Sec.)

Mr. Bo Hanchey (VP of Customer Operations & Chief Safety Officer for Idaho Power)

Mr. Mitchel D. Colburn (Resource Planning and Operations Director of Idaho Power)

Recognition and Awards

Idacorp is a three-time recipient of the J.D. Power & Associates Electric Utility Residential Customer Satisfaction Study Award in the Pacifi West region and was recently named as one of the top 10 utility companies in the nation by Forbes magazine.