IDACORP, Inc. (IDA) is a holding company primarily operating through its subsidiary, Idaho Power Company, which provides electric utility services. The company generates, transmits, distributes, and sells electricity to retail customers in southern Idaho and eastern Oregon. Its operations also include investments in affordable housing, real estate tax credit projects, and small hydropower generation projects.
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Utility Operations - Provides regulated electric utility services, including power generation, transmission, distribution, and the sale and purchase of electricity to retail customers in southern Idaho and eastern Oregon.
- Retail Revenues - Supplies electricity to residential, commercial, industrial, and irrigation customers.
- Wholesale Energy Sales - Engages in the sale of electricity to other utilities or entities.
- Transmission Wheeling - Offers transmission services to other utilities or entities.
- Energy Efficiency Programs - Implements programs to promote energy conservation and efficiency.
- Other Revenues - Includes miscellaneous utility-related income sources.
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Affordable Housing Investments - Invests in affordable housing and real estate tax credit projects through Idaho Financial Services.
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Small Hydropower Generation - Operates small hydropower generation projects qualifying under PURPA through Ida-West.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Lisa A. Grow ExecutiveBoard | President and Chief Executive Officer | Lisa A. Grow is the President and Chief Executive Officer of IDACORP, Inc. and Idaho Power Company since 2020. She also serves as a board member and the Chair of the Executive Committee at IDACORP, Inc., with both roles commencing in 2020. | View Report → | |
Adam J. Richins Executive | Senior Vice President and Chief Operating Officer (COO) | Adam J. Richins is the Senior Vice President and Chief Operating Officer (COO) of Idaho Power Company since October 2019. He previously served as Vice President of Customer Operations and Business Development from March 2017 to October 2019. | ||
Amy I. Shaw Executive | Vice President of Finance, Compliance, and Risk | Amy I. Shaw is the Vice President of Finance, Compliance, and Risk at IDA since January 2024. Previously, she served as Director of Investor Relations, Compliance, and Risk from August 2023 to December 2023 and as Director of Compliance, Risk, and Security from May 2017 to August 2023. | ||
Brian R. Buckham Executive | Senior Vice President, Chief Financial Officer, and Treasurer | Brian R. Buckham has served as the Senior Vice President, Chief Financial Officer, and Treasurer of IDACORP, Inc. and Idaho Power Company since April 4, 2016. | ||
James Bo D. Hanchey Executive | Vice President of Customer Operations and Chief Safety Officer | James Bo D. Hanchey has served as Vice President of Customer Operations and Chief Safety Officer at Idaho Power Company since October 2019, and previously served as Customer Service Senior Manager from February 2018 to October 2019. | ||
Jeffrey L. Malmen Executive | Senior Vice President of Public Affairs | Jeffrey L. Malmen has served as Senior Vice President of Public Affairs at IDACORP, Inc. and Idaho Power Company since December 8, 2008. The documents do not provide additional details about his background or external roles. | ||
Julia A. Hilton Executive | Vice President and General Counsel | Julia A. Hilton is the Vice President and General Counsel at IDA since March 2023. Previously, she served as Deputy General Counsel and Director of Legal from October 2019 to March 2023. | ||
Mitch Colburn Executive | Vice President of Planning, Engineering, and Construction | Mitch Colburn is the Vice President of Planning, Engineering, and Construction at Idaho Power Company since August 2020, overseeing planning, engineering, and construction activities. He previously held roles as Director of Engineering and Construction (March 2020 to August 2020) and Director of Resource Planning and Operations (January 2018 to March 2020). | ||
Ryan N. Adelman Executive | Vice President of Power Supply | Ryan N. Adelman is the Vice President of Power Supply at Idaho Power Company since August 2020. He previously served as Vice President of Transmission & Distribution, Engineering and Construction from October 2019 to August 2020, and as Regional Manager for the Southeast Region from January 2018 to October 2019. | ||
Sarah E. Griffin Executive | Vice President of Human Resources | Sarah E. Griffin is currently serving as Vice President of Human Resources at Idaho Power Company since October 2019 . Previously, she served as Director of Human Resources from May 2014 to October 2019. | ||
Annette G. Elg Board | Director at IDACORP, Inc. | Annette G. Elg has been serving as a director at IDACORP, Inc. since 2017 and is recognized as an independent director who also participates on the audit, compensation and human resources, and corporate governance and nominating committees. She is proposed to serve as the Chair of the Audit Committee following the 2025 Annual Meeting. | ||
Dennis L. Johnson Board | Chair of the Board | Chair of the Board at Idaho Power Company | Dennis L. Johnson serves as the Chair of the Board at IDACORP, Inc. since May 16, 2024. He has been a director since 2013 and is active on the Corporate Governance and Nominating Committee as well as the Executive Committee. | |
Dr. Mark T. Peters Board | Director | Dr. Mark T. Peters has served as an independent director at IDACORP, Inc. since 2021 and is a member of the Corporate Governance and Nominating Committee. | ||
Judith A. Johansen Board | Director | Judith A. Johansen has served as a Director at IDACORP, Inc. since 2007 and sits on the Corporate Governance and Nominating Committee as Chair and the Executive Committee. | ||
Michael J. Kennedy Board | director | Michael J. Kennedy is a director at IDACORP, Inc. serving on the Audit Committee. He was elected at the 2025 Annual Meeting of Shareholders held on May 15, 2025 and is recognized as independent under NYSE standards. | ||
Nate R. Jorgensen Board | Director | Nate R. Jorgensen has served as a board member of IDACORP, Inc. since 2023 and is an active member of the Audit Committee, with proposals to join the Compensation and Human Resources and Corporate Governance and Nominating Committees following the 2025 Annual Meeting. | ||
Odette C. Bolano Board | Director | Odette C. Bolano has served as an independent director at IDACORP, Inc. since 2020. She has actively contributed to board committees including the Compensation & Human Resources Committee in 2024 and is proposed for the Corporate Governance and Nominating Committee in 2025. | ||
Scott W. Madison Board | Director | Vice chairman of the Idaho Governor’s Cup; Member of the Idaho Judicial Council; Director of the University of Idaho Foundation; Member of the Idaho Energy Resources Authority | Scott W. Madison is a certified public accountant with an extensive career in the public utilities industry. He retired as EVP at MDU Utilities Group in January 2025 and was appointed as a director and Audit Committee member at IDACORP on February 13, 2025. | |
Susan D. Morris Board | Director at IDACORP, Inc. | Director at Idaho Power Company | Susan D. Morris has served as a director at IDACORP, Inc. since 2023, where she is an independent board member on the Audit Committee. She is also noted to be a director at Idaho Power Company. |
- How do you plan to quantify the "3,800 MW" pipeline in terms of actual customer connections, and what portion of that pipeline do you expect to materialize in the near-term IRP load growth forecast?
- With the ADITC amortization increasing from $7.5M last year to $17.2M this quarter, what are the regulatory or tax policy risks that could affect the sustainability of these future benefits?
- Given the nearly $199M rate increase request in your general rate case along with the introduction of the new depreciation and interest expense tracking mechanism, how will these changes impact customer rates and shareholder returns in both the short and long term?
- Since the 2025 IRP may be underestimating load growth, what specific measures are being taken in project evaluation and capital allocation to address potentially significant incremental load beyond current estimates?
- With the potential permitting hurdles for the Jackalope Wind project, can you detail the contingency plans for shifting to gas resources ensuring system flexibility, and how might this affect the project timelines and overall capacity planning?
Research analysts who have asked questions during IDACORP earnings calls.
Chris Ellinghaus
Siebert Williams Shank
3 questions for IDA
Christopher Ellinghaus
Siebert Williams Shank & Co., LLC
3 questions for IDA
Julien Dumoulin-Smith
Jefferies
3 questions for IDA
Alexander Mortimer
Mizuho Securities
2 questions for IDA
David Arcaro
Morgan Stanley
2 questions for IDA
Anthony Crowdell
Mizuho Financial Group
1 question for IDA
Brian Russo
Jefferies
1 question for IDA
Julian Smith
Jefferies
1 question for IDA
Ross Sauler
Bank of America
1 question for IDA
William Appicelli
UBS
1 question for IDA
Recent press releases and 8-K filings for IDA.
- Idaho Power released its 2025 Integrated Resource Plan (IRP), which forecasts a nearly 45% or 1,700 megawatts (MW) increase in peak energy demand over the next 20 years, with almost 1,000 MW of that growth expected in the next five years.
- The IRP calls for significant investment in energy resources, transmission, battery storage, and energy efficiency, including the Boardman to Hemingway and Southwest Intertie transmission projects, to meet this projected demand.
- The plan, which supports Idaho Power's goal to provide 100% clean energy by 2045, will be reviewed by public utility commissions in Idaho and Oregon.
- Idaho Power Company filed a general rate case with the Idaho Public Utilities Commission (IPUC) on May 30, 2025, requesting an overall rate increase of $199.1 million, or 13.09%.
- If approved, the new rates are anticipated to become effective on or after January 1, 2026.
- The filing requests an authorized rate of return on equity of 10.4 percent and proposes a capitalization structure of approximately 49 percent long-term debt and 51 percent common stock equity, with an overall cost of capital of 7.818 percent.
- The requested increase would result in an average monthly bill increase of about $21.66 for Idaho residential customers using 900 kilowatt-hours per month.
- IDACORP, Inc. entered into an Underwriting Agreement and Forward Sale Agreements on May 8, 2025, and May 9, 2025, respectively, for the issuance and sale of up to 5,180,180 shares of common stock.
- The Underwriting Agreement specifically covers 4,504,505 shares of common stock.
- These shares will be issued pursuant to the company's registration statement on Form S-3, which was filed on February 21, 2025.
- Physical or net share settlement of the Forward Sale Agreements will result in dilution to IDACORP's earnings per share.
- No dilutive effect on earnings per share is anticipated initially, unless the average market price of the common stock is above the adjusted forward sale price, which is initially $107.67 per share.