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Released November 05, 2019 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Idacorp Incorporated (NYSE:IDA) (Boise, Idaho) is playing a pivotal role in the development of transmission and distribution projects in the Rocky Mountain region, where rough terrain and large stretches on uninhabited land can make it difficult to construct and properly maintain suitable power lines. The company, which expects its capital spending to total as much as $290 million for 2019, is focusing much of its efforts in its southern tri-state area. Industrial Info is tracking more than $4.2 billion worth of active projects involving Idacorp, more than half of which is under construction.
Click on the image at right for a graph detailing active Idacorp projects by state.
By far the largest project involving Idacorp's services is the Energy Gateway Transmission Expansion, a decade-long effort to construct and update transmission lines across 2,000 miles of the northern Rocky Mountain region. Idaho Power Company, a subsidiary, is at work on several major segments of the project in conjunction with Rocky Mountain Power, the subsidiary of utility PacifiCorp (Portland, Oregon) that delivers electricity to customers in Utah, Wyoming and Idaho.
One major segment, the roughly 400-mile Gateway South, is focused on carrying energy from PacificCorp's proposed renewable-based generation facilities across northern Utah, southeastern Wyoming and southern Idaho. PacificCorp is planning to add nearly 3,000 megawatts (MW) of solar to its portfolio by 2025, accompanied by 600 MW of battery storage. Gateway South is divided into an estimated $675 million line from the Aeolus Substation in Medicine Bow, Wyoming, to the Clover Substation near Mona, Utah, and an estimated $337.5 million connecting line to the Creston Substation in Wyoming. Both segments of Gateway South began construction this past spring and are set to wrap up toward the end of 2020. For more information, see Industrial Info's project reports on the 400-mile line and the connecting line.
But much of the attention surrounding Energy Gateway has focused on the Gateway West segment, much of which is under construction in Wyoming. As with Gateway South, several key portions began construction in April and are scheduled to wrap up next December: the estimated $325 million line from the Jim Bridger Substation in Point of Rocks to the Aeolus Substation in Medicine Bow, the latter of which is under $42.5 million of construction and set to be completed in the same time frame; and the $286 million line from Aeolus to the Anticline Substation in Point of Rocks, which is under $32.1 million of construction. For more information, see Industrial Info's project reports on the lines originating in Point of Rocks and Medicine Bow, and the Aeolus and Anticline substations.
The full Gateway West segment would run about 1,000 miles from eastern Wyoming to southwestern Idaho. Portions that are seeking necessary permits and would not begin construction until mid-2022 at the earliest include an estimated $76.25 million stretch from Glenrock to Medicine Bow, Wyoming, running about 74 miles; an estimated $52.5 million stretch from Jerome to Hansen, Idaho, running about 34 miles; and an estimated $83 million expansion of the Hemingway Substation in Melba, Idaho. For more information, see Industrial Info's project reports on the segments originating in Glenrock and Jerome, and the Melba substation.
Several other key segments of the Energy Gateway project that have not yet started construction are being built with the services of Tetra Tech Incorporated (NASDAQ:TTEK) (Pasadena, California). For more information on Gateway West, see October 31, 2019, article - Tetra Tech's Workload Passes $30 Billion in Project Value, Led by Mining, Transmission.
Within its home turf, Idacorp is overseeing the construction and repair of large swaths of transmission line covering southern and south-central portions of the Gem State. Major parts of the Southwest Intertie Project that began construction this April and are set to wrap up in second-quarter 2020, include a $408 million line from Hansen, Idaho, to Ely, Nevada, covering about 254 miles and supplying Idaho with out-of-state energy; a $60 million line from Jerome, Idaho, to Hansen, Idaho, covering about 30 miles; and a $75 million line rebuild from Hailey to Hagerman, Idaho, covering about 60 miles. For more information, see Industrial Info's project reports on the segments originating in Hansen, Jerome and Hailey.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Click on the image at right for a graph detailing active Idacorp projects by state.By far the largest project involving Idacorp's services is the Energy Gateway Transmission Expansion, a decade-long effort to construct and update transmission lines across 2,000 miles of the northern Rocky Mountain region. Idaho Power Company, a subsidiary, is at work on several major segments of the project in conjunction with Rocky Mountain Power, the subsidiary of utility PacifiCorp (Portland, Oregon) that delivers electricity to customers in Utah, Wyoming and Idaho.
One major segment, the roughly 400-mile Gateway South, is focused on carrying energy from PacificCorp's proposed renewable-based generation facilities across northern Utah, southeastern Wyoming and southern Idaho. PacificCorp is planning to add nearly 3,000 megawatts (MW) of solar to its portfolio by 2025, accompanied by 600 MW of battery storage. Gateway South is divided into an estimated $675 million line from the Aeolus Substation in Medicine Bow, Wyoming, to the Clover Substation near Mona, Utah, and an estimated $337.5 million connecting line to the Creston Substation in Wyoming. Both segments of Gateway South began construction this past spring and are set to wrap up toward the end of 2020. For more information, see Industrial Info's project reports on the 400-mile line and the connecting line.
But much of the attention surrounding Energy Gateway has focused on the Gateway West segment, much of which is under construction in Wyoming. As with Gateway South, several key portions began construction in April and are scheduled to wrap up next December: the estimated $325 million line from the Jim Bridger Substation in Point of Rocks to the Aeolus Substation in Medicine Bow, the latter of which is under $42.5 million of construction and set to be completed in the same time frame; and the $286 million line from Aeolus to the Anticline Substation in Point of Rocks, which is under $32.1 million of construction. For more information, see Industrial Info's project reports on the lines originating in Point of Rocks and Medicine Bow, and the Aeolus and Anticline substations.
The full Gateway West segment would run about 1,000 miles from eastern Wyoming to southwestern Idaho. Portions that are seeking necessary permits and would not begin construction until mid-2022 at the earliest include an estimated $76.25 million stretch from Glenrock to Medicine Bow, Wyoming, running about 74 miles; an estimated $52.5 million stretch from Jerome to Hansen, Idaho, running about 34 miles; and an estimated $83 million expansion of the Hemingway Substation in Melba, Idaho. For more information, see Industrial Info's project reports on the segments originating in Glenrock and Jerome, and the Melba substation.
Several other key segments of the Energy Gateway project that have not yet started construction are being built with the services of Tetra Tech Incorporated (NASDAQ:TTEK) (Pasadena, California). For more information on Gateway West, see October 31, 2019, article - Tetra Tech's Workload Passes $30 Billion in Project Value, Led by Mining, Transmission.
Within its home turf, Idacorp is overseeing the construction and repair of large swaths of transmission line covering southern and south-central portions of the Gem State. Major parts of the Southwest Intertie Project that began construction this April and are set to wrap up in second-quarter 2020, include a $408 million line from Hansen, Idaho, to Ely, Nevada, covering about 254 miles and supplying Idaho with out-of-state energy; a $60 million line from Jerome, Idaho, to Hansen, Idaho, covering about 30 miles; and a $75 million line rebuild from Hailey to Hagerman, Idaho, covering about 60 miles. For more information, see Industrial Info's project reports on the segments originating in Hansen, Jerome and Hailey.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
