Idaho Power’s Langley Gulch Power Plant moves forward

Boise, Idaho, September 4, 2009 — The Idaho Public Utilities Commission approved the application for a certificate of public necessity for Idaho Power, a unit of Idacorp, Inc.

This authorizes the construction of the 300 MW natural gas-fired Langley Gulch Power Plant and provides related cost recovery and ratemaking assurances.

The commission’s decision recognizes the future need for this resource to meet electric service obligations and enable economic development across Idaho. The Idacorp Board of Directors authorized the company to proceed with the construction of the plant based on the terms of the IPUC approval.

The need for a baseload resource has been identified since Idaho Power’s 2004 Integrated Resource Plan. The company’s planning process identified an expanded need for a flexible, dispatchable resource. The resource planning process includes involvement by and input from government, customer and environmental organizational stakeholders and remains the best forum for the company to responsibly plan for our energy future, balancing costs, reliability, environmental and other impacts.

Idaho Power employs about 2,100 people to serve a 24,000 square-mile service area in southern Idaho and eastern Oregon.

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