Today: 25 June 2026
Idaho Power Pushes for Two New Gas Plants; Customer Timeline Starts
3 June 2026
2 mins read

Idaho Power Pushes for Two New Gas Plants; Customer Timeline Starts

Boise, Idaho, June 3, 2026, 04:02 MDT

Idaho Power is stepping up its case for two new gas power plants in southern Idaho as it says higher demand is pushing past reliable supply when usage peaks. KTVB said Tuesday the utility argues the additions will help keep up with rising power needs. State regulators have a written-comment process going for the proposal.

Idaho Power has asked for certificates of public convenience and necessity, saying it wants state sign-off for projects regulators call necessary for reliable service. The requests are not part of a rate case. The company said recovery of costs would be handled in a future filing.

The Idaho Public Utilities Commission told the public to send in written comments by July 31 and gave Idaho Power until Aug. 14 to answer. If nobody files a protest, the commission could rule without a hearing. But if comments show up, it can still call for one.

South Hills Power Plant in Twin Falls County is planned for up to 222 megawatts of capacity and could start commercial operation June 1, 2029. Peregrine in Elmore County would add 430 megawatts, with a targeted date of June 1, 2030.

Idaho Power points to reliability numbers to back up its case. Jared L. Ellsworth, who heads transmission, distribution and resource planning for the utility, wrote that the most recent review found capacity shortfalls of 236 megawatts in 2029 and 352 megawatts in 2030. That’s if other contracted deals and the Bennett gas expansion come online as scheduled.

Ellsworth said bringing in South Hills and Peregrine would bring the 2029 deficit down to 98 megawatts and create 125 megawatts of “capacity length” for 2030. But he said the 2030 number doesn’t mean Idaho Power will have extra power to sell. “A delay of resource procurements in 2029 will only exacerbate the capacity deficiencies,” he said. Idaho Public Utilities Commission

Idaho Power didn’t go looking just for gas plants. Eric Hackett, who heads projects and resource development at the utility, said their all-source procurement got 83 proposals. That included solar, wind, battery storage, solar-plus-battery and a single gas plant bid. He said South Hills and Peregrine are “least-cost, least-risk” for the capacity gap. Idaho Public Utilities Commission

Idaho Power executive VP and COO Adam Richins told regulators the company is seeing “load growth across multiple customer sectors” even as it deals with higher costs, tight supply chains, permitting hurdles and limited system capacity. Idaho Public Utilities Commission

Idaho Power’s gas proposal comes as the company moves off coal and looks to lean more on hydro, solar, wind, batteries, transmission, and gas. Brad Bowlin, a spokesperson for Idaho Power, told the Idaho Statesman the utility is seeing “continued rapid growth.” He said gas plants can start up fast, while the utility uses hydro, solar, wind and storage first. Idaho Statesman

Growth is a big challenge. Idaho Power’s 2025 plan projects peak demand to climb nearly 45%, or 1,700 megawatts, in the next 20 years. About 1,000 megawatts of that could come in just five years. Mitch Colburn, vice president of planning, engineering and construction at the utility, said Idaho Power wants resources that give steady energy “at the lowest cost over the long term.” Idaho Power

Approval still isn’t certain. The commission let Idaho Irrigation Pumpers Association, Micron Technology, Northwest Energy Coalition and Renewable Northwest join the case, so big-customer and clean-energy groups will have a say. Cost is unclear. Idaho Power didn’t ask to raise rates in this filing. Bowlin told the Statesman there’s no estimate yet of what the bill impact could be.

IDACORP, parent of Idaho Power, said the South Hills and Peregrine case is still pending. The Bennett Mountain gas expansion, adding 167 megawatts, won approval in March. The company is building the Boardman-to-Hemingway transmission line, a 300-mile project with PacifiCorp to help cover resource needs down the road.

Khadija Saeed is a financial markets reporter at TS2.tech, specializing in stocks, technology and emerging industries. She studied economics and finance at the London School of Economics and previously worked in market research before moving into financial journalism. Her coverage focuses on the companies, innovations and economic trends influencing global investors.

Stock Market Updates

Micron, Qualcomm lift chip stocks after hours as Nasdaq slips

Micron, Qualcomm lift chip stocks after hours as Nasdaq slips

25 June 2026
Micron soared 16.34% after hours as customers locked in nearly $100 billion in future supply obligations—about 2.4 times its latest quarterly revenue—fueling a $400 billion surge in chip stocks and reversing the tech selloff that erased over $1 trillion from the Nasdaq 100 this week.
Western Digital falls after AI-storage rally, investors look to Micron

Western Digital falls after AI-storage rally, investors look to Micron

25 June 2026
Western Digital (NASDAQ:WDC) shares dropped about 4% after a multi-week rally fueled by AI storage demand, as investors awaited Micron Technology’s earnings for new signals on enterprise storage spending; analysts cite a persistent hard-disk supply deficit that could support pricing into 2027, with Morgan Stanley raising its price target to $650.
BlackBerry falls with volume outpacing buyback plan ahead of earnings

BlackBerry falls with volume outpacing buyback plan ahead of earnings

25 June 2026
BlackBerry closed down 2.3% at $8.62 despite Stifel initiating coverage with a Buy and $12 target—39% above the close—while trading volume of 38.3 million shares far exceeded its entire buyback authorization, highlighting investor focus ahead of Thursday’s Q1 results and underscoring the limited impact of BlackBerry’s capital return plan.
Opendoor slides after landing in Russell 3000, liquidity and dilution concerns follow

Opendoor edges up before Russell 3000 move, soft housing numbers weigh

25 June 2026
Santos shares closed down 0.96% at A$7.24 after Brent crude slumped US$3.34 to US$73.74, cutting potential annual gross sales from its new Pikka project by about US$50 million at plateau rates; Pikka’s ramp to 80,000 barrels per day is key, as oil price swings now have a direct impact on Santos’ production-linked revenue and its US$2.5 billion net debt reduction target.
Nokia Stock Hits Fresh AI High — The Rally Now Has One Big Problem
Previous Story

Nokia Stock Hits Fresh AI High — The Rally Now Has One Big Problem

Partners Group Drops 17% After Cap on $8.6 Billion Fund Outflows
Next Story

Partners Group Drops 17% After Cap on $8.6 Billion Fund Outflows

Go toTop