April 1, 2010
IDACORP, Inc. (IDA) subsidiary Idaho Power signed a contract with the U.S. Department of Energy (DOE), securing $47 million in stimulus funding as part of the DOE's Smart Grid Initiative.
Idaho Power's Advanced Metering Infrastructure (AMI) program, including smart meters, was previously approved by the Idaho Public Utilities Commission. The AMI program provides the matched funding requirement for the DOE Smart Grid stimulus grant.
Idaho Power will provide the DOE with a formal cyber security plan, including an evolving cyber security framework, within the next 30 days.