Powering Idaho’s Tomorrow
Our Mission
The mission of the Idaho Energy Resources Authority is to diversify and expand the state’s economy through improvements in Idaho’s electric generation and transmission infrastructure to allow the development or expansion of electric facilities in Idaho or the import of low-cost energy from other parts of the region. The IERA can participate in planning, financing, constructing, developing, acquiring, maintaining and operating electric generation and transmission facilities and their supporting infrastructure. The Idaho Energy Resources Authority Act, the enabling legislation, provided the IERA with bonding authority and other powers to promote transmission development in the state and the region.
Goals and Objectives
Fulfill the legislative mandate of the IERA Act
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Loan Portfolio
Build a successful loan portfolio; issue bonds as required to finance new transmission lines and facilities (substations, switching stations, etc.) or expand existing transmission lines and facilities required to support new generation facilities or greater energy transfer requirements in the state or the region;
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Partnerships
Enter into partnerships with public or private entities to build and/or upgrade interstate and/or other transmission lines or facilities; and
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Own & Facilitate
Own and facilitate the operation of transmission facilities in those instances when requested by utilities eligible to participate under applicable law.
Background
The Idaho Legislature established the Idaho Energy Resources Authority (IERA) in 2005 as an energy-related lending and financing authority with the ability to issue revenue bonds. This legislation was proposed in response to the recognized inability of Idaho’s municipal and cooperative electric utilities to adequately and reasonably finance transmission and generation projects required for the benefit and needs of their residents and members respectively.