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May 22, 2015 11:38 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

Phone:

208-388-2200

Key Executives for Idaho Power Company

Chief Executive Officer, President, Director, Chief Executive Officer of Idacorp Inc and President of Idacorp Inc
Age: 55
Chief Financial Officer, Senior Vice President and Treasurer
Age: 53
Chief Operating Officer and Executive Vice President
Age: 56
Chief Accounting Officer, Vice President and Controller
Age: 50
Chief Information Officer and Vice President
Age: 50
Compensation as of Fiscal Year 2014.

Idaho Power Company Key Developments

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.

Idaho Power Company Appoints Richard J. Navarro as Member of its Boards of Directors

On February 10, 2015, the boards of directors of Idaho Power Company (Idaho Power) appointed Richard J. Navarro as a member of the boards of directors, effective immediately. Mr. Navarro will be subject to annual election thereafter. Mr. Navarro was not appointed to any committees of the boards of directors in connection with his initial appointment as a director. Mr. Navarro has served as he Chief Administrative Officer of Albertson's LLC since March 2014. Previously, he was the Chief Financial Officer of Albertson's LLC, from June 2006 to March 2014.

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