Idaho Power just did something almost no US utility is doing right now—it asked to lower rates. (Latitude Media)
Idaho Power requested a 0.9% rate cut for Oregon customers, citing cost savings from closing its share of the North Valmy coal plant in Nevada and finishing demolition on another shuttered coal facility near Portland.
While most utilities are raising rates to fund grid upgrades and new generation, Idaho Power’s filing suggests retiring coal plants can reduce costs, contradicting the Trump administration’s push to keep aging coal units online.