Provides electricity through its principal subsidiary, Idaho Power, focusing on reliable service and sustainable energy practices.
IDACORP, Inc. and its subsidiaries are actively involved in the comprehensive management of electric energy across the United States. The company's operations encompass the entire energy spectrum, including generation, transmission, distribution, purchase, and sale. It owns and operates a diverse portfolio of power generation assets, including 17 hydropower plants in southern Idaho and eastern Oregon, three natural gas-fired plants in southern Idaho, and interests in coal-fired steam electric plants located in Wyoming and Nevada.
As of December 31, 2021, IDACORP maintained extensive infrastructure, including approximately 4,843 pole-miles of high-voltage transmission lines, numerous substations, and over 28,570 pole-miles of distribution lines. These facilities enable the company to provide reliable electric utility services to approximately 604,000 retail customers across southern Idaho and eastern Oregon. IDACORP's customer base spans diverse industries, including food processing, electronics manufacturing, agriculture, healthcare, government, and education.
In addition to its core energy operations, IDACORP engages in strategic investments, including housing and other real estate tax credit investments, diversifying its portfolio and contributing to community development initiatives. Founded in 1915 and headquartered in Boise, Idaho, IDACORP continues to uphold a legacy of innovation and service excellence in the energy sector, committed to meeting the evolving needs of its customers and communities.
Through its steadfast commitment to sustainability and customer satisfaction, IDACORP remains a prominent player in the electric energy industry. The company's strategic investments in renewable energy and efficient power generation technologies underscore its proactive approach to environmental stewardship and long-term business sustainability goals.