IDA 📈 IDACORP - Overview

IDACORP, Inc. is a utility company that generates, transmits, distributes, purchases, and sells electric energy in the United States, with a focus on the regions of southern Idaho and eastern Oregon. The company's generation portfolio consists of 17 hydropower generating plants, which provide a renewable source of energy, as well as three natural gas-fired plants, offering a more traditional source of power. Additionally, IDACORP has interests in two coal-fired steam electric generating plants located in Wyoming and Nevada, further diversifying its energy mix.

The company's transmission infrastructure is extensive, comprising approximately 4,762 pole-miles of high-voltage transmission lines, 23 step-up transmission substations, 21 transmission substations, 11 switching stations, and 30 mixed-use transmission and distribution substations. This network enables the efficient transmission of electricity from power plants to distribution substations, and ultimately to end-users. As of December 31, 2023, IDACORP's distribution system included 186 energized distribution substations and 29,714 pole-miles of distribution lines, facilitating the delivery of electricity to its customers. The company has also invested in 131 MW of battery storage, which helps to stabilize the grid and ensure a reliable supply of electricity.

IDACORP provides electric utility services to a diverse range of customers, including commercial and industrial entities involved in food processing, electronics manufacturing, agriculture, healthcare, government, and education. The company's customer base comprises approximately 633,000 retail customers in southern Idaho and eastern Oregon, making it a significant player in the regional energy market. Beyond its core utility business, IDACORP also invests in housing and other real estate tax credit initiatives, which can help to support local economic development and community growth.

With a history dating back to 1915, IDACORP, Inc. is a well-established company with a strong presence in the electric utilities sector. Headquartered in Boise, Idaho, the company is listed on the New York Stock Exchange (NYSE) under the ticker symbol IDA, and its common stock is classified under the GICS Sub Industry of Electric Utilities. For more information, investors and stakeholders can visit the company's website at https://www.idacorpinc.com, or reference its ISIN code, US4511071064, for further details on its stock and investment opportunities.