Idaho Power Recognized for Climate Innovation

Idaho Power is one of the top 100 companies best equipped to handle environmental policy changes and produce climate-related innovation, according to the Maplecroft Climate Innovation Index (CII) released today. The Maplecroft CIIs rate 300 of the largest U.S. companies on their climate-related innovation and carbon management programs against more than 100 criteria, including financial performance and economic impacts. Idaho Power ranked 68^th in the national survey, ahead of such well-known companies as Google, Starbucks and Target.

“Idaho Power welcomes its recognition as an innovation index leader for developing climate solutions and enabling sustained economic growth,” said Lisa Grow, Idaho Power senior vice president of Power Supply. “The company has been, is, and will continue to be a responsible environmental steward through diligent planning and execution. And Idaho Power is committed to preserving its financial strength in order to be well positioned to support our state during this pivotal time as it moves out of economic turmoil toward economic growth.”

The Maplecroft CIIs identified Idaho Power as a company that integrates innovation into its operations to generate sustained competitive advantage, providing a solid investment based on both financial performance and innovation towards addressing climate change risks and opportunities. The company achieves this balance through its generating base of 17 hydroelectric facilities providing renewable, emission-free electricity, as well as clean alternative energy sources such as wind, solar, geothermal and biomass in its diverse portfolio. As with all of our decisions, environmental decisions are evaluated and balanced with consideration of the impact of those decisions on cost to customers and our ability to reliably serve our customers.

According to Maplecroft, climate-related innovation and carbon management are two leading indicators of financial performance. Companies leading in these areas are most capable of shaping the low carbon economy of the future. They are better equipped to operate in changing policy environments; to deal with increased investor scrutiny regarding future growth environments; and to adapt to the physical impacts of climate change.

IDACORP, Inc. (NYSE: IDA), Boise, Idaho-based and formed in 1998, is a holding company comprised of Idaho Power Company, a regulated electric utility; IDACORP Financial, a holder of affordable housing projects and other real estate investments; and Ida-West Energy, an operator of small hydroelectric generation projects that satisfy the requirements of the Public Utility Regulatory Policies Act of 1978. IDACORP’s origins lie with Idaho Power and operations beginning in 1916. Today, Idaho Power employs approximately 2,050 people to serve a 24,000 square-mile service area in southern Idaho and eastern Oregon. With 17 low-cost hydroelectric projects as the core of its generation portfolio, Idaho Power’s 489,000 residential, business and agricultural customers pay some of the nation’s lowest prices for electricity. To learn more about Idaho Power or IDACORP, visit www.idahopower.com or www.idacorpinc.com.