Idaho Power Company Goes Live with SettleCore™ Back-Office Solutions from Power Settlements

Glendora, California – Idaho Power Company (IPC), which has been a customer of the analytics and reporting capabilities of Power Settlements since 2018, recently expanded its use of the SettleCore™ software platform by implementing its Shadow Settlements, EIM Sub-Allocations, and Contract Billing modules. This enhanced functionality helps IPC automate, optimize, and manage its back-office and settlements functions for participation in the California ISO (CAISO) Western Energy Imbalance Market (WEIM). IPC’s use of SettleCore™ also encompasses settlements and invoicing of its WEIM transmission customers.

Jennifer Gerard, Operations Settlement Lead at IPC, conveyed the details around the expansion of the SettleCore™ footprint:

“Since IPC joined WEIM, we’ve been using SettleCore ™ for dispatch analysis, reporting, and other market analytics needs. There was a need to streamline existing analytics processes with our shadow settlement review, and to perform subsequent transmission customer invoicing – all within one system. Since the Power Settlements staff had proven to be knowledgeable on CAISO/WEIM market rules and provided us with a high level of user support, we recently added the WEIM Shadow Settlement, EIM Sub-Allocation, and Customer Invoicing modules to our existing SettleCore ™ application. We are using these modules to enhance our current processes and create efficiencies as we review and validate market data results.”

“IPC and Power Settlements have been working successfully together since they joined the Western EIM,” said PSCS Senior VP, Jason Hebert. We’re proud of the work we’ve accomplished together and are excited that our partnership is growing in ways that will help IPC prepare for the next stages of the WEIM or Southwest Power Pool’s (SPP) Markets+. In either case, SettleCore™ will seamlessly adapt and be ready to go.”

Idaho Power is headquartered in the vibrant and fast-growing city of Boise, and has been a locally operated energy company since 1916. Today, it serves a 24,000-square-mile area in Idaho and Oregon. The company’s goal to provide 100% clean energy by 2045 builds on its long history as a clean-energy leader that provides reliable service at affordable prices. With 17 low-cost hydroelectric projects at the core of its diverse energy mix, Idaho Power’s residential, business and agricultural customers pay among the nation’s lowest prices for electricity. Its 2,000 employees proudly serve more than 620,000 customers with a culture of safety first, integrity always and respect for all. IDACORP Inc. (NYSE: IDA), Idaho Power’s independent publicly traded parent company, is also headquartered in Boise, Idaho. To learn more, visit idahopower.com or idacorpinc.com.