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July 06, 2015 2:35 PM ET

Electric Utilities

Company Overview of Idaho Power Company

Company Overview

Idaho Power Company, an electric utility company, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. It operates 17 hydroelectric generating plants located in southern Idaho and eastern Oregon, as well as 3 natural gas-fired plants in southern Idaho; and owns interests in 3 coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon. As of December 31, 2014, the company provided electric service to approximately 516,000 general business customers; and had a network of approximately 4,858 pole-miles of high-voltage transmission lines, 24 step-up transmission substations located at power plants, 24 transmiss...

1221 West Idaho Street

Boise, ID 83702

United States

Founded in 1915

2,011 Employees



Key Executives for Idaho Power Company

Chief Executive Officer, President, Director, Chief Executive Officer of Idacorp Inc and President of Idacorp Inc
Age: 56
Chief Financial Officer, Senior Vice President and Treasurer
Age: 54
Chief Operating Officer and Executive Vice President
Age: 57
Chief Accounting Officer, Vice President and Controller
Age: 51
Chief Information Officer and Vice President
Age: 51
Compensation as of Fiscal Year 2015.

Idaho Power Company Key Developments

IDACORP, Inc. and Idaho Power Company Announce Retirement of Board of Directors

Effective immediately prior to the 2015 Annual meeting of shareholders of IDACORP, Inc. held on May 21, 2015, Mr. Jan Packwood, Ms. Joan Smith, and Mr. Tom Wilford retired from the boards of directors of IDACORP and its primary subsidiary, Idaho Power Company. Mr. Packwood's, Ms. Smith's, and Mr. Wilford's retirements were in accordance with IDACORP's and Idaho Power's bylaws and corporate governance guidelines, which impose a mandatory director retirement age of 72.

Idaho Power Company Announces Earnings Results for the First Quarter Ended March 31, 2015

Idaho Power Company announced earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $23.5 million compared with $27.9 million in 2014.

Idaho Power Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for 2015

Idaho Power Company reported earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, net income was $34.2 million compared with net income of $27.4 million for the same period in 2013. For 2014, net income was $189.4 million compared with $176.7 million in 2013. For 2015, the company expects operating & maintenance expense in between $340 million to $350 million. Capital expenditures, excluding allowance for funds used during construction is expected to be $300 million to $310 million.

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