The document presents IDACORP's capital expenditures forecast for the years 2025 to 2029, showcasing planned investments in different energy sectors.
The forecast indicates a significant increase in capital expenditure compared to the previous years, with a focus on developing new capacity and energy resources.
IDACORP highlights changes in the forecast due to project terminations and additions, emphasizing the company's commitment to meeting energy demands.
Projected Expenditure Increase
IDACORP estimates a 20% higher capital expenditure for the years 2026 to 2029 compared to the initial forecasts in February 2025.
Project Adjustments
The removal of a 300MW wind project and addition of a proposed 167MW gas plant demonstrate IDACORP's strategic adaptation to changing circumstances.
Future Forecast Publication
IDACORP plans to release an updated capital expenditure forecast in February 2026 for the period from 2026 to 2030.
- The termination of the 300MW wind project and the addition of the Bennett gas plant reflect IDACORP's agility in responding to regulatory and policy challenges.
- The company's emphasis on meeting energy deficits through diverse resources portrays a proactive approach to ensuring sustainable energy supply.
IDACORP's revised capital expenditure forecast underscores its proactive investment strategy in energy infrastructure, showcasing adaptability and commitment to meeting future demands.