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Business Model & Strategy

IDACORP is committed to its focus on competitive total returns and generating long-term value for shareholders.

IDACORP’s business strategy emphasizes Idaho Power as IDACORP’s core business, as Idaho Power's regulated utility operations are the primary driver of IDACORP's operating results. IDACORP's board of directors regularly reviews IDACORP's long-term strategy, which as of February 18, 2021, the date of the most recently published Annual Report on Form 10-K is focused on the following areas and initiatives:

Cornerstones & Initiatives

Grow Financial Strength

  • Pursue Revenue Opportunities and New Customer Models
  • Promote and Engage in Broad Electrification
  • Maintain Shareholder Confidence
  • Continue Our Focus on Productive Regulatory Outcomes and Preparing for the Future

Improve the Core Business

  • Evaluate and Control Expenditures and Continue Efficient Operations
  • Evaluate and Deploy Transformative Technology Solutions
  • Focus on Completing Key Transmission Projects
  • Continue Progress on Hydropower Relicensing Projects and Water Rights
  • Continue Development of Regional Markets

Enhance the Brand

  • Enhance Our Customers' Experience and Interactions Through Simplicity and Technology
  • Communicate Progress Toward Our Environmental, Social, and Governance Goals and Stewardship

Keep Employees Safe and Engaged

  • Continue Our Strong Focus on Safety
  • Enhance Our Culture of "Our Commitment to Each Other"
  • Support a Workforce of the Future

In executing the focus areas above, IDACORP seeks to balance the interests of shareholders, Idaho Power customers, employees, and other stakeholders. Idaho Power is committed to working for strong, sustainable financial results and strong credit ratings by continuing to provide reliable, affordable, safe service to its customers from a diversified source of generation resources.