Idacorp: Powering Idaho and Eastern Oregon
Idacorp, Inc. is a prominent public electricity holding company that serves as a cornerstone of energy infrastructure in the Pacific Northwest. Headquartered in Boise, Idaho, the company manages a diverse portfolio of energy assets and financial services to ensure reliable power delivery to its service areas.
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Company Structure and Operations
Established on October 1, 1998, Idacorp operates as a parent organization for several key subsidiaries. Its primary operational arm is the Idaho Power Company, which handles the generation and distribution of electricity. In addition to power utility services, the holding company includes IDACORP Financial and Ida-West Energy, creating a diversified corporate structure.
Energy Generation Mix
To maintain a stable grid, Idacorp utilizes a variety of energy sources. The company's generation portfolio includes:
- Hydroelectricity: Utilizing water flow to generate renewable energy.
- Coal-fired plants: Traditional thermal power generation.
- Natural Gas: Flexible energy sources to meet fluctuating demand.
Key Facts
- Founded: October 1, 1998.
- Headquarters: Boise, Idaho, United States.
- Service Area: Idaho and eastern Oregon.
- Stock Ticker: Traded on the NYSE as IDA and is a component of the S&P 400.
- Leadership: Lisa Grow serves as the President and CEO of both IDACORP, Inc. and Idaho Power.
Financial Performance and Scale
As a publicly traded entity, Idacorp maintains significant economic impact within its region. Based on 2020 financial data, the company reported a total revenue of $1.35 billion, with an operating income of US$ 352.1 million and a net income of $237 million. These operations are supported by a dedicated workforce of 1,943 employees.
| Metric | Detail |
|---|---|
| Revenue | $1.35 billion |
| Operating Income | $352.1 million |
| Net Income | $237 million |
| Employee Count | 1,943 |
| Exchange/Ticker | NYSE: IDA |
Frequently Asked Questions
What is Idacorp, Inc.?
Idacorp, Inc. is an electricity holding company incorporated in Idaho that oversees Idaho Power Company, IDACORP Financial, and Ida-West Energy.
Where does Idacorp provide electricity?
The company provides electric power services to customers located in Idaho and eastern Oregon.
Who leads Idacorp and Idaho Power?
Lisa Grow is the President and Chief Executive Officer of both IDACORP, Inc. and Idaho Power.
What types of energy does Idacorp use?
The company utilizes a mix of hydroelectricity, coal-fired power, and natural gas for its electricity generation.
Is Idacorp a publicly traded company?
Yes, it is traded on the New York Stock Exchange (NYSE) under the ticker symbol IDA and is part of the S&P 400 index.