Idacorp
| Company type | Public |
|---|---|
| Industry | Electricity |
| Founded | October 1, 1998 |
| Headquarters | Boise , United States |
Key people | Lisa Grow (President and CEO) |
| Products | Electricity generation and distribution |
Number of employees | 1,943 (2020) |
IDACORP, Inc is an electricity holding entity established in Idaho, with its main office located in Boise. The corporation encompasses Idaho Power Company, IDACORP Financial, and Ida-West Energy. Since its inception on October 1, 1998, IDACORP has concentrated its operations mainly within Idaho and the eastern region of Oregon. Lisa Grow holds the position of president and chief executive officer. In the year 2020, the organization reported revenues totaling $1.35 billion, operating income of $352.1 million, and net earnings amounting to $237 million, supported by a workforce of 1,943 employees.
Energy mix
During 2020, hydroelectric energy represented 41.7% of IDACORP’s total generation portfolio. The company’s energy sources also included coal-fired power at 20.9%, natural gas at 11.9%, wind energy at 11.1%, solar power contributing 4.1%, and geothermal energy at 2.9%. The remaining 7.4% was obtained through market purchases.
| Type | % |
|---|---|
| Hydroelectric | 41.7% |
| Coal-fired | 20.9% |
| Natural gas | 11.9% |
| Wind | 11.1% |
| Solar | 4.1% |
| Geothermal | 2.9% |