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.
Our reporting on ESG initiatives, in line with the Edison Electric Institute (EEI) guidelines, can be found on the IDACORP website.
CO2 Emissions Intensity
In 2010, we set and achieved a carbon dioxide emissions intensity reduction goal and have since voluntarily extended that goal three times and expanded the goal.
Our CO2 emissions intensity, measured in pounds of CO2 per MW hour of generation, continues to decline. We have achieved a 46% reduction in CO2 emissions intensity in 2018 versus 2005.
View our annual CDP survey responses.
The chart below shows Idaho Power’s electricity sources for 2018 including generation from company-owned resources and purchased power.
Long-Term Power Purchases are electric power contracts with independent power producers and other entities and can typically be identified by resource type.
Market Purchased Power (Other Purchases) is electric power purchased from other utilities in the wholesale electric market. Because we participate in the wholesale energy market, we sell electricity to other utilities and retail customers. Not all electricity purchased or generated by Idaho Power is delivered to our retail customers.
*About the sale of renewable energy credits on LTPs: Idaho Power sells the Renewable Energy Credits (REC) associated with our renewable energy purchases to offset power supply costs and keep customer prices as low as possible. The buyer of the REC claims the renewable attributes of that energy; therefore, Idaho Power does not represent that this resource mix represents the energy delivered to our customers.
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.