Idaho Power to Transfer Oregon Service Territory for $154 Million

Idaho Power has reached an agreement to sell its Oregon service territory to the Oregon Trail Electric Cooperative for $154 million. This transition marks the end of more than a century of service by Idaho Power in this region. The deal, which requires regulatory approval, will shift local electrical infrastructure and utility management to the local cooperative. Stakeholders are currently reviewing the terms, and regulatory filings are ongoing with the Oregon Public Utility Commission. Customers in the affected areas can expect further information regarding the transfer process as the deal progresses toward completion. The move aims to localize utility management and ensure continued service reliability for residents and businesses.