While our management team is ultimately responsible for environmental, social and governance (ESG) and sustainability initiatives, our board of directors is responsible for the oversight of those initiatives and is regularly informed of the goals, measures and results of our sustainability programs. Idaho Power has a sustainability strategist position in its Operations Integration team, who oversees the integration of sustainability into company operations and manages the production of the annual sustainability report.
We have implemented a wide variety of sustainability initiatives during the past decade: installing energy efficient lighting in our offices; adding electric vehicles, including passenger cars and forklifts, to our fleet; installing a photovoltaic array on the roof of our new Twin Falls Operations Center; promoting water-saving xeriscape landscaping at our facilities; and installing bicycle repair kiosks for customer and staff use.
CO2 Emissions Intensity/ CO2 Absolute Emissions
In regard to carbon emissions, we set and achieved a carbon dioxide emissions intensity reduction goal in 2010 and have since voluntarily extended that goal three times and expanded the goal to achieve carbon emissions intensity of 15-20 percent below 2005 levels for the 2010-2020 period. View our annual CDP survey responses.
Our CO2 emissions intensity, measured in pounds of CO2 per MW hour of generation, continues to decline. We have achieved a 25 percent reduction in the average emissions intensity level of 2010–2017 versus our baseline year of 2005, and a 47 percent reduction in absolute CO2 emissions in 2017 versus 2005.
2017 Energy Portfolio
About our Long-term Purchases
Idaho Power is committed to supporting renewable energy sources such as wind and solar, and we buy them as part of our portfolio mix. In turn, we sell the Renewable Energy Credits (RECs) we get from those purchases to offset power supply costs and keep customer prices as low as possible.
The buyer of the REC gets to claim that power as part of its energy. Therefore, we do not represent that electricity produced by this resource mix is being delivered to our retail customers. We do support these alternate energy sources, and we pass along that credit to the organizations that buy the RECs from us.
Our Business Strategy
Our business strategy, including issues involving ESG and sustainability, is publicly disclosed, and we discuss several aspects of our ESG and sustainability in public forums, including via the Integrated Resource Plan (IRP) process. This IRP process is undertaken every two years, involving an intensive forecasting of power production and power purchase opportunities, associated risks and potential impacts to operations and costs, for a 20-year range. In developing the IRP, Idaho Power works with the IRP Advisory Council, which is comprised of major stakeholders representing major industrial customers, irrigation customers, regulators, non-profit organizations and others.
The company produces an annual sustainability report. Now in its seventh year of production, the report highlights the financial, environmental and social stewardship initiatives underway at the company, tracks progress on annual sustainability goals and features stories of employee-initiatives enhancing operating efficiencies and resource management. View the most recent sustainability report.