Today: 18 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. KTVB

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. Idaho Public Utilities Commission

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. Idaho Public Utilities Commission

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 Public Utilities Commission

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. Idaho Public Utilities Commission

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. Idaho Public Utilities Commission

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. sec.gov

Stock Market Today

  • Wall Street and Foreign Borrowers Rush to China's Cheap Yuan via Panda Bonds
    June 18, 2026, 12:47 AM EDT. Foreign borrowers are increasingly issuing yuan-denominated panda bonds to tap China's low borrowing costs, significantly cheaper than dollar funding. Sovereigns like Kazakhstan and Pakistan, along with global banks such as Morgan Stanley and Deutsche Bank, have issued panda bonds, benefiting from Beijing's currency internationalization efforts and eased capital controls. Issuance surged in 2024 and 2025, with volumes reaching record highs, supported by China's accommodative monetary policy amid a slowing economy. Analysts liken the yuan's rise as a funding currency to Japan's yen decades ago, citing a 2-3 percentage point interest rate advantage over U.S. dollar borrowing costs. This trend underscores China's expanding role in global finance and growing yuan usage.

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