BOISE, Idaho, Jan. 5 /PRNewswire-FirstCall/ --
IDACORP, Inc. (NYSE: IDA) principal subsidiary Idaho Power last week filed the 2009 Integrated Resource Plan (IRP) developed through a collaborative planning process connecting Idaho Power resource and planning experts and government, customer, public and environmental organization stakeholders, with the Public Utilities Commissions in both Idaho and Oregon.
"We continually plan for the future, taking steps to best position Idaho Power to meet projected resource requirements and anticipated regulation while minimizing the impact to our customers and owners," said Mark Stokes, Idaho Power's power supply planning manager. "This is about doing the right thing for our customers and the ongoing financial strength and stability of our company. Our collaborative IRP process guides us in that respect. The 2009 IRP planning process incorporated additional considerations in light of anticipated regulation, public perception and direct communication with owners, customers and employees."
The 2009 IRP addresses available supply-side and demand-side resource options, planning period load forecasts, potential resource portfolios, a risk analysis and near-term and long-term action plans. The 2009 IRP is available at http://www.idahopower.com/AboutUs/PlanningForFuture/irp/2009/ .
Idaho Power will schedule public presentations regarding the 2009 IRP in multiple communities across the company's eastern Oregon and southern Idaho service area in early 2010. Once confirmed, the public presentation schedule will be posted on Idaho Power's IRP Web page.
"Our collaborative IRP process is the proper forum to plan for a balanced resource portfolio to minimize risk, ensure reliability and consider cost and regulatory obligations," said Stokes. "We see this process as a continuous commitment, and by regularly updating the IRP, we are able to account for changes in service area growth and regulatory requirements."
