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Adam Richins

Senior Vice President & Chief Operating Officer of Idaho Power, IDACORP INC

Search every verified Adam Richins interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Adam Richins, Senior Vice President and Chief Operating Officer of Idaho Power, discussed the company's 2025 residential power rate increase request in an August 2025 interview. He stated that Idaho Power is seeking a 13% global rate increase, with residential customers potentially seeing around a 17% increase, but noted that this has not been approved by the public utility commission and remains under review. Richins said the request includes investments in infrastructure and new generation resources to meet about 3% demand growth from residential and large business customers. He also said that contrary to popular belief, the residential increase is not subsidizing data centers or large customers like Micron or Meta, as those customers pay directly for their infrastructure under a "growth pays for growth" policy. Richins attributed the need for the rate increase to rising costs, including a more than 400% increase in transformer prices, a 218% increase in underground conductor costs, and a 250% increase in gas turbines, along with higher labor and insurance costs. He noted that Idaho Power has increased annual spending on vegetation management from $10 million to $40 million for wildfire mitigation, and that insurance costs have quadrupled. Richins said Idaho Power's rates remain 20 to 30% below the national average, with total rate increases over the past 10 to 11 years at 13%, well below CPI inflation of 35%. He acknowledged that there is no perfect balance between reliability and cost, and that the company aims to find a middle ground among reliability, affordability, and environmental concerns.

Recent appearances

  • Idaho Power & Irrigator/Industrial Customers with Adam Richins

    February 25, 2026 · 📺 The Ranch Podcast

    Adam Richins is the Chief Operating Office of Idaho Power Company and came on to talk about the nature of rate increases with irrigation rate classes, industrial users, how IPC determines who to buy power from, and what is in the current rate case. Enjoy! The Ranch Podcast is supported by Truth In Media Foundation, a non-profit media organization committed to unbiased, Idaho focused media. The Ranch Podcast is the premier source for long format interviews and information in the Treasure Valley and great state of Idaho. The Boise area is home to many counties and ways of life. It’s also home…

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  • Irrigation Power Rates, Rooftop Solar, & Transmission Line Chaos with Adam Richins

    October 25, 2025 · 📺 The Ranch Podcast

    Adam Richins is the Chief Operating Office for Idaho Power and came in to speak about a few key energy questions. Why are irrigation farmer power rates higher than large load customers like Micron but LOWER than residential customers? Why are credit rates for excess power for rooftop solar customers changing? And why is Idaho power going through so much chaos with transmission lines that buy and sell power for Idaho? Enjoy! The Ranch Podcast is supported by Truth In Media Foundation, a non-profit media organization committed to unbiased, Idaho focused media. The Ranch Podcast is the premier…

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  • The 2025 Residential Power Rate Increase in Idaho with Adam Richins

    August 21, 2025 · 📺 The Ranch Podcast

    Adam Richins is the Chief Operating Office for Idaho Power and came in to speak about the rate case it is currently undergoing ...

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  • Keynote Address: Adam Richins, Chief Operating Officer, Idaho Power

    May 10, 2024 · 📺 The Andrus Center for Public Policy at Boise State University

    The first keynote address (9:15 am MT) at The Emerging Energy Transition: Risks and Opportunities for Western Public Lands conference was Adam Richins, Chief Operating Officer, Idaho Power. Moderator: Dr. Kathy Araujo, Energy Policy Institute _________________________________________________________________________ Adam J. Richins was named Senior Vice President and Chief Operating Officer of Idaho Power in October 2019. Prior to that, Richins served as Vice President of Customer Operations and Business Development. In this role, he oversaw teams dedicated to customer satisfaction and suppor…

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The summary and quote tags on this profile are produced with AI assistance from verified, first-person interview transcripts, then checked by our team to confirm the speaker's identity and the accuracy of every quote. See how we verify →