Acquiring Company
Oregon Trail Electric Consumers Cooperative
Acquired Company
Idaho Power
OregonBoiseEnergyRenewable EnergyEnergyOil And GasRenewable EnergyDescription
Oregon Trail Electric Cooperative announced its intentions to acquire Idaho Power Company's service area in Oregon for $154 million. This move, aimed at expanding OTEC's membership by approximately 20,000, is expected to stabilize rates and manage costs more effectively. Both companies will seek regulatory approval within the next few weeks.
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Based on deal dataFrequently asked
Who acquired Idaho Power?
Idaho Power was acquired by Oregon Trail Electric Consumers Cooperative, based in Oregon. The deal was reported on February 24, 2026. Oregon Trail Electric Consumers Cooperative (OTEC) provides electricity to over 60,000 customers in eastern Oregon. It focuses on serving rural communities and aims to ensure reliable electric service. Oregon Trail Electric Consumers Cooperative is privately held and operates in Energy.
When did Oregon Trail Electric Consumers Cooperative acquire Idaho Power?
Oregon Trail Electric Consumers Cooperative's acquisition of Idaho Power was reported on February 24, 2026. Oregon Trail Electric Cooperative announced its intentions to acquire Idaho Power Company's service area in Oregon for $154 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Idaho Power do?
Idaho Power is a utility company that provides electricity to over 580,000 customers in Idaho and a portion of eastern Oregon. Serving more than a century, it focuses on renewable energy and infrastructure improvements. It is privately held, operating in Energy, and is based in Boise.
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