Idacorp Ups 2023 Spending to Expand T&D, Access to Renewables

February 20, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Following a year of improved earnings and customer growth, Idacorp Incorporated (NYSE:IDA) (Boise, Idaho) is preparing to broaden its role in transmission and distribution (T&D) services across the northwestern U.S. and Rocky Mountain areas. The company recently put its 2023 capital expenditures at between $650 million and $700 million, compared with $468 million in 2022, much of which will go toward long-anticipated T&D projects.

Industrial Info is tracking more than $4 billion worth of active projects from Idacorp, almost all of which is located across Idaho, Wyoming and Oregon. Idacorp is in partnership with Rocky Mountain Power, a subsidiary of PacifiCorp, to develop the Energy Gateway Transmission Expansion. It also is at work on a transmission line designed to carry 1,000 megawatts, much of it from renewable sources, across Oregon and into Idaho.