IDA
- IDACORP, Inc.
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Overview
Company Summary
IDACORP, Inc. (IDA) is a publicly traded holding company headquartered in Boise, Idaho. It operates primarily through its principal subsidiary, Idaho Power Company. IDACORP's primary business is providing electricity to customers in southern Idaho and eastern Oregon.
Through Idaho Power Company, IDACORP generates and distributes electricity for residential, commercial, and industrial customers. The company operates a diverse portfolio of power generation facilities, including hydroelectric, coal-fired, and natural gas-fired power plants. Its hydroelectric facilities, in particular, are significant and able to harness the region's abundance of water resources.
IDACORP focuses on delivering reliable and affordable electricity to its customers while also ensuring environmental responsibility. The company is actively involved in implementing sustainable initiatives, such as investing in renewable energy sources and promoting energy efficiency programs.
Furthermore, IDACORP maintains a strong commitment to customer service, ensuring the availability and reliability of electricity infrastructure. This includes maintaining and upgrading transmission and distribution systems, responding to power outages, and working closely with customers to meet their energy needs.
In addition to its core electricity business, IDACORP also operates a variety of related subsidiaries and businesses. These include IDACORP Financial Services, a provider of commercial real estate loans, and IDACORP Energy, which focuses on energy marketing and trading.
Overall, IDACORP, Inc. plays a significant role in the energy industry by providing reliable and sustainable electricity to the communities it serves.