Idaho Power

Name

Idaho Power

Legal name

Idaho Power Company

Website

https://idahopower.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Regulated Electric Utility

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Distribution (221122)

SIC

Electric Services (4911)

akta.pro primary industry

Electric Distribution System Owners (Wires-Only Companies) (EUADABAI)

akta.pro secondary industries

Public Power Districts & State/Provincial Utilities (EUADABAD), Electric Cooperatives (Rural/Member-Owned Utilities) (EUADABAC)

Keywords

• Regulated electric utility
• Electricity distribution services
• Renewable energy generation
• Transmission infrastructure
• Residential commercial power

Headquarters

HQ city

Boise

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Others

Revenue model

1. Regulated Retail Electric Sales: Primary revenue stream. Earnings from retail electricity sales to residential, small general service, large general service, large power, and irrigation customers in Idaho and Oregon under state-approved tariffs. Recovery is anchored on a rate base (~$4.9 billion) with a 9.6% authorized return on equity (ROE) and 7.410% authorized rate of return under the 2025 Idaho settlement effective January 1, 2026; includes a $13.1 million power cost adjustment (PCA) and fixed cost adjustment (FCA) mechanisms. Annual revenue increase of approximately $110 million (~7.48%) approved effective January 1, 2026.
2. Long-Term Power Purchase Agreements (PPAs) / Tolling: 20-year power purchase and storage tolling agreements with independent power producers (e.g., Clēnera Crimson Orchard 120 MW solar + 400 MWh storage; rPlus Blacks Creek 400 MW solar) supplying wholesale energy to serve large-load customers such as data centers.
3. Customer Generation Interconnection & Export Credits: Service fees ($100 application fee for new customer generation interconnections) and managed net-billing export credit rate (ECR) compensation for customer-owned distributed energy resources (solar, wind, hydro, geothermal, storage) under Schedules 6, 8, 84, 68.
4. Generation / Wholesale Energy & Ancillary Services: Revenue from sales of surplus energy, capacity, and ancillary services to wholesale markets; balancing account PCA passes wholesale power costs through to customers without margin. Wholesale market power analysis for Idaho Power Company scheduled at FERC (Dec 2025).
5. Environmental Mitigation Program Funding: $100 million commitment to The Freshwater Trust for agricultural water quality / irrigation efficiency upgrades in the Snake River watershed, with cost recovery via regulatory mechanisms.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels10 records

Core offering

Idaho Power Company is a vertically integrated, regulated investor-owned electric utility that generates, transmits, and distributes electricity to over 633,000 residential, commercial, irrigation, and large industrial customers across a defined service territory in southern Idaho and eastern Oregon under state-approved retail tariff schedules. Revenue is earned primarily through regulated retail electricity sales (anchored on a ~$4.9 billion rate base with a 9.6% authorized ROE), supplemented by long-term wholesale PPAs, customer-generation interconnection service fees, and environmental program cost recovery.

Product overview

Idaho Power's offering is a single integrated regulated electric utility platform centered on the core Idaho Power Electric Service, supported by a portfolio of customer-facing digital tools (My Account portal, Idaho Power Mobile App on iOS and Android, Outage Map and Alerts) and a modular set of pricing, clean energy, energy efficiency, demand response, bill assistance, and EV programs (Time-of-Use Plan with its 2026 Bill Protection Trial, Customer Generation net billing, Oregon Community Solar Program, Clean Energy Your Way with Solar 4R Schools, Flex Peak, A/C Cool Credit, Irrigation Efficiency Rewards, Irrigation Peak Rewards, Heating and Cooling Efficiency Program, Home Energy Audit, Easy Savings, Weatherization Programs, Multifamily Energy Efficiency Program, Project Share, and the Oregon Bill Discount Program). Major capital infrastructure — Boardman to Hemingway (B2H), Gateway West, SWIP-North, the Boise Bench Substation Battery Project, and the Bennett Mountain Power Plant Expansion — is presented alongside the service portfolio as long-term generation and transmission projects supporting the same customer base, while community assets such as the Swan Falls Powerhouse Museum round out the company's broader community and recreation presence.

Differentiator

Problem solved

Functional benefit

Products and services

• Idaho Power Electric Service Core regulated electric utility service delivering power to over 633,000 residential, commercial, irrigation, and large-power customers across a service area in southern Idaho and eastern Oregon under state-approved retail tariff schedules.
• My Account Customer-facing online portal for bill payment, auto pay, paperless billing, energy-use tracking, alerts, comparison of rate plans, start/stop/move service, and profile management. Uses OIDC authentication backed by the company's Titan identity provider.
• Idaho Power Mobile App Native mobile applications distributed via the Apple App Store and Google Play that mirror My Account functionality for billing, outage reporting, and energy use.
• Outage Map and Alerts Real-time outage visualization map and SMS alert signup showing active outages, customers affected, estimated restoration, planned outages, and Public Safety Power Shutoff (PSPS) zones.
• Time-of-Use Plan (Schedule 5) Optional time-of-use residential pricing plan with On-Peak, Mid-Peak, and Off-Peak rates varying by season, plus a one-year Bill Protection Trial that caps customer extra cost at $10 versus the Standard plan.
• Customer Generation Net Billing

Quantifiable outcome

• Customer base grew 2.3% (~15,000 customers) over twelve months ended March 31, 2026
• +5 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability1 record

Feature8 records

Partnerships

Twelve partnerships are on record, tiered core, flagship and minor.

• rPlus EnergiescoreStrategic or Co-development Partner · 18 March 2026Over $650 million in debt and tax equity financing commitments (Santander Corporate & Investment Banking, KeyBanc Capital Markets) for the 400 MW Blacks Creek Energy Center solar facility in Ada County, Idaho. Electricity will be supplied to Idaho Power's grid to fulfill Meta's sustainability commitments for its Kuna, Idaho data center. Commercial operations targeted for 2027.
• Clēnera (Enlight Renewable Energy U.S. subsidiary)coreStrategic or Co-development Partner · 17 March 202620-year power purchase and storage tolling agreement with Idaho Power for the Crimson Orchard project - a 120 MW solar + 400 MWh battery storage facility in Elmore County, Idaho. $304 million in financing secured (HSBC, ING Capital, KeyBanc Capital Markets, MUFG Bank). Commercial operation targeted for first half of 2027; expected to power more than 25,000 Idaho homes.
• MetaflagshipStrategic or Co-development PartnerMajor hyperscale data center customer in Kuna, Idaho driving industrial energy sales growth of 5.7% in Q1 2026. Renewable energy requirements supported via the Blacks Creek solar project (400 MW / 520 MWdc) supplying Idaho Power's grid. Meta's expansion is a primary load-growth driver for Idaho Power's transmission, battery, and solar investments.
• MicronflagshipStrategic or Co-development PartnerMajor industrial customer in Idaho Power's service territory; ramp-up of Micron's projects contributed to 5.7% industrial energy sales growth in Q1 2026 and is a key driver of new transmission (B2H, SWIFT North, Gateway West), 250 MW battery storage, and 125 MW solar investments.
• TechnosylvacoreTechnology or IntegrationWildfire and extreme weather risk management technology vendor. Idaho Power is listed among Technosylva's utility customers (alongside PG&E, San Diego Gas & Electric, Puget Sound Energy, CenterPoint Energy) for risk identification, situational awareness, and PSPS decision support.
• The Freshwater TrustcoreStrategic or Co-development PartnerEnvironmental stewardship partner; aggregated funding model combining $100 million Idaho Power commitment, EPA seed funding, and Columbia Bank $5M line of credit for high-efficiency irrigation upgrades in the Snake River watershed. 23 projects completed in 2025; ~2,000 projects identified at projected $210M cost; model being replicated in Upper Colorado River Basin.
• Fleet Development (Verde Light Power Project subscription manager)coreImplementation/ SI/ Consulting PartnerSubscription manager for the Verde Light Power Project - the Oregon Community Solar Program project available to Idaho Power's Oregon customers. Manages subscriptions, sends subscription billing data to Idaho Power, which then applies charges and credits to customer bills.
• Idaho Attorney General's Office / Better Business Bureau / FTCminorOthersIdaho Power coordinates with the Idaho Attorney General's Office (consumer alert on solar), the Better Business Bureau, and the FTC's ReportFraud.ftc.gov to address misinformation and scams in the rooftop solar marketplace.
• Idaho National LaboratorycoreStrategic or Co-development PartnerCentral research hub for Enhanced Geothermal Systems (EGS) and Small Modular Reactor (SMR) nuclear technologies that Idaho Power is exploring to meet 7.7% annual demand growth; positioned through University of Idaho collaboration.
• University of IdahocoreImplementation/ SI/ Consulting PartnerResearch and education partner (Integrated Design Lab), collaborating on clean energy research, energy efficiency programs, geothermal exploration, and the "Powering Idaho's Future" agenda.
• Idaho Public Utilities Commission (IPUC)coreOthersPrimary state regulator for Idaho Power; approves tariffs, rate cases, the 2024 Idaho Limited-Issue Rate Case settlement (9.6% ROE, ~$110M / 7.48% revenue increase effective Jan 1, 2026), wildfire mitigation plan filings under SB 1183, PCA/FCA adjustments, and FERC market power analyses.
• Oregon Public Utility Commission (OPUC)coreOthersState regulator for Idaho Power's Oregon operations; approved new rules to protect residential utility customers facing financial hardship; established the Community Solar Program under SB 1547 (2016). Idaho Power has filed a Proposed Sale of its Oregon Service Area.

Scale indicators12 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• PacifiCorp (Rocky Mountain Power / Pacific Power): Vertically integrated regulated electric utility serving customers in Idaho and six other western states. PacifiCorp is a direct transmission partner with Idaho Power on the Gateway West project and competes head-to-head for large industrial and data center loads in the broader Pacific Northwest region.
• Portland General Electric: Oregon-based investor-owned regulated electric utility serving residential, commercial, and industrial customers. Closest regulated peer within Idaho Power's overlapping Oregon service territory, competing for large-load customers and sharing Pacific Northwest regulatory exposure.
• Avista Corporation: Investor-owned regulated utility serving electricity and natural gas customers in eastern Washington, northern Idaho, and eastern Oregon. Direct regional overlap with Idaho Power's Idaho/Oregon footprint and similar customer mix including irrigation/agriculture customers.
• Puget Sound Energy: Investor-owned regulated electric and natural gas utility serving customers across western Washington. Comparable vertically integrated Pacific Northwest utility with similar large-load growth, hydro/wind mix, and data-center exposure in the region.

Regional players

• Idaho Falls Power: Municipal electric utility serving Idaho Falls, Idaho, in close geographic proximity to Idaho Power's service territory. Competes for select industrial customers in eastern Idaho and provides a relevant benchmark for municipal vs. investor-owned utility comparison.

Broad incumbents

• Salt River Project: Large Arizona public power utility serving electricity and water customers across central Arizona. Direct benchmark named alongside Idaho Power in NPS Prism 1H 2025 customer-experience rankings, with comparable regulated utility business model and large industrial customer base.
• NextEra Energy / Florida Power & Light: Largest U.S. regulated electric utility holding company (FPL is its regulated subsidiary). Named alongside Idaho Power in NPS Prism customer-experience rankings; relevant as a leading-edge benchmark for utility scale, clean-energy investment, and rate-case execution.
• Pinnacle West Capital (Arizona Public Service): Investor-owned regulated electric utility holding company (Arizona Public Service) serving customers across Arizona. Comparable vertically integrated utility with significant solar generation and large-data-center exposure; useful peer for renewable integration and rate-case strategy benchmarking.
• NV Energy: Vertically integrated regulated electric utility serving customers across Nevada, including the Las Vegas metro and Reno. Comparable in operating a mix of natural gas, solar, and geothermal resources while serving rapid hyperscale-data-center load growth, providing a relevant benchmark for Idaho Power's industrial expansion.

Others

• Technosylva (wildfire/PSPS technology vendor): Wildfire and extreme-weather risk-management software vendor whose utility customers include Idaho Power along with PG&E, San Diego Gas & Electric, Puget Sound Energy, and CenterPoint Energy. Adjacent ecosystem participant supplying PSPS decision-support technology rather than a direct competitor.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/idahopower
• YouTubeyoutube.com/idahopower
• Facebookfacebook.com/idahopower
• LinkedInlinkedin.com/company/idaho-power-company
• Instagraminstagram.com/idahopower

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Idaho Power