Acquiring Company
Oregon Trail Electric Cooperative
Acquired Company
Idaho Power Company
OregonBoiseEnergyRenewable EnergyEnergyOil And GasRenewable EnergyDescription
Oregon Trail Electric Cooperative proposes to purchase Idaho Power Company's service territory in Oregon for $154 million. This deal marks OTEC's first significant expansion since its formation in 1988. The public utility commission is reviewing the proposal and has scheduled meetings to gather public input. OTEC aims to enhance service reliability and customer rates with this acquisition.
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Based on deal dataFrequently asked
Who acquired Idaho Power Company?
Idaho Power Company was acquired by Oregon Trail Electric Cooperative, based in Oregon. The deal was reported on August 13, 2026. Oregon Trail Electric Cooperative (OTEC) is a member-owned electric cooperative that provides electricity to several counties in Eastern Oregon. Oregon Trail Electric Cooperative is privately held and operates in Energy.
When did Oregon Trail Electric Cooperative acquire Idaho Power Company?
Oregon Trail Electric Cooperative's acquisition of Idaho Power Company was reported on August 13, 2026. Oregon Trail Electric Cooperative proposes to purchase Idaho Power Company's service territory in Oregon for $154 million. This deal marks OTEC's first significant expansion since its formation in 1988. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Idaho Power Company do?
Idaho Power is a regulated utility company that provides electricity to customers in southern Idaho and parts of eastern Oregon. Founded in 1916, the company is known for its commitment to reliability and sustainability in energy provision. It is privately held, operating in Energy, and is based in Boise.