Idaho Power Company
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| Subsidiary | |
| Industry | Electrical generation, distribution |
| Founded | October 1, 1989, previously May 6, 1915 |
| Headquarters | Boise, Idaho, United States, previously Maine |
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Key people
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J. LaMont Keen, President and Chief Executive Officer, IDACORP, Inc. and Idaho Power |
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Number of employees
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2,028 full time employees (2007) |
| Parent | IDACORP, Inc |
| Website | www.idahopower.com |
Idaho Power Company (IPC) is a regulated electrical power utility. Its business involves the purchase, sale, generation, transmission and distribution of electricity in eastern Oregon and southern Idaho. It is a subsidiary of IDACORP, Inc. The company's 24,000-square-mile (62,000 km2) service area generally follows the area around the Snake River and its tributaries.
Idaho Power owns and operates 17 hydroelectric dams and 2 natural gas power plants. IPC also owns shares of three coal-fired power plants.
In 2007, electricity sold by IPC was 33% hydroelectric, 39% thermal and 28% was purchased from other generation companies.
Idaho Power Company originally filed for incorporation in Maine on May 6, 1915. It was reincorporated in Idaho as a subsidiary of IDACORP, Inc on October 1, 1998. This was followed by the purchase of the assets of five small southern Idaho power companies: Idaho-Oregon Light & Power; Great Shoshone and Twin Falls Water Power; Idaho Railway, Light & Power; Idaho Power & Light; and Southern Idaho Water Power Company.
IPC's 17 hydroelectric power plants have a generation nameplate capacity of 1,988,615 kilowatts, and it is one of the nation's few investor-owned utilities with a significant hydroelectric generating base. Four-fifths of Idaho’s electricity generation is from hydroelectric. Idaho Power built the majority of its hydroelectric facilities during the 1940s, 1950s and 1960s, culminating with completion of the three-dam Hells Canyon Complex (Brownlee Dam, Oxbow Dam, then Hells Canyon Dam) in 1968.
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