January 21, 2017 10:58 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; and 3 natural gas-fired plants in southern Idaho, as well as holds interests in 3 coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon. As of December 31, 2015, the company provided electric service to approximately 525,000 general business customers; and had a network of approximately 4,860 pole-miles of high-voltage transmission lines, 24 step-up transmission substations located at power plants, 24 transmis...

1221 West Idaho Street

Boise, ID 83702

United States

Founded in 1915

1,993 Employees



Key Executives for Idaho Power Company

Chief Executive Officer, President, Director, Chief Executive Officer of Idacorp Inc, President of Idacorp Inc and Director of Idacorp Inc
Age: 57
Chief Financial Officer, Senior Vice President and Treasurer
Age: 55
Senior Vice President of Operations
Age: 51
Chief Accounting Officer, Vice President and Controller
Age: 52
General Counsel and Vice President
Compensation as of Fiscal Year 2016.

Idaho Power Company Key Developments

IdaCorp, Inc. and Idaho Power Company Announces Executive Changes

On March 14, 2016, Rex Blackburn, IdaCorp, Inc.'s and Idaho Power Company's Senior Vice President and General Counsel, announced that he would retire from IdaCorp and Idaho Power effective December 31, 2016. To ensure an effective transition, Mr. Blackburn will remain as an officer of the company through his retirement date, with his title changing to Senior Vice President effective March 31, 2016. Effective March 31, 2016, Brian R. Buckham, currently Lead Counsel for IdaCorp and Idaho Power, will assume the role of Vice President and General Counsel of IdaCorp and Idaho Power.

Idaho Power Announces Executive Changes

Idaho Power has announced the retirement of Greg Said, vice president of regulatory affairs, effective May 1, 2016. General Manager of Regulatory Affairs Tim Tatum will succeed Said as vice president of Regulatory Affairs, assuming responsibility for the Regulatory Affairs department on March 1 and continuing to work closely with Said to ensure a smooth transition. Said is a 36-year Idaho Power employee, and has been vice president of Regulatory Affairs since January 2011. In this role he was responsible for the management of economic regulatory activities in both the Idaho and Oregon retail jurisdictions and with the Federal Energy Regulatory Commission (FERC). Said began his Idaho Power career as an analyst in the Resource Planning department, where his duties included preparation of integrated resource plans and overseeing requests for proposals to construct new generation facilities. In 1989 he moved to the regulatory side of the company, where he filled many roles over his career, including director of revenue requirement, director of state regulation and general manager of Regulatory Affairs.

Idaho Power Company Reports Earnings Results for the Fourth Quarter and Full Year of 2015; Provides Earnings Guidance for 2016

Idaho Power Company reported earnings results for the fourth quarter and full year of 2015. The company reported net income of $31.5 million in the fourth quarter of 2015, compared with $34.2 million for the same period in 2014. The company reported 2015 net income of $191.0 million compared with $189.4 million in 2014. The company provided earnings guidance for 2016. The company expects, operating & maintenance expense of $350-$360 million; additional amortization of accumulated deferred income tax credits of Less than $5 million; and capital expenditures, excluding allowance for funds used during construction of $300-$310 million; EPS of $3.80-$3.95.

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