PORTLAND, Ore. — PacifiCorp filed today its 2025 Integrated Resource Plan with the six state utility commissions in the company’s service area. This follows a draft version that was circulated to public stakeholders Dec. 31, 2024, with updated information incorporating stakeholder feedback.
PacifiCorp has been publishing its resource plans since 1989. The public process takes about a year to conduct and is completed every two years, with a shorter review and update in the off years. It is an in-depth economic analysis and modeling exercise to identify a least-cost and least-risk portfolio of energy generation resources. Each plan can and does change over time, particularly the longer-range elements envisioned over a 20-year planning horizon.
The biennial long-term analysis of future customer energy needs shows a need for investment in seven resource types:
The 2025 plan builds on PacifiCorp’s strong reliability by leveraging the diversity of resources that are available across its multi-state generation and transmission network. The plan shows a need for investments for reliability and low-cost electric service.
“Our Integrated Resource Plan is designed to determine the lowest-cost options for customers, adjusting for risks, future customer needs, system reliability, market projections and changing technology,” said Rick Link, senior vice president for resource planning, procurement and optimization. “We are grateful for public involvement by utility regulators, customers and other stakeholder groups to develop this plan.”
“We are in the midst of a fundamental remaking of our regional generation and transmission network, which has served our customers so well for decades,” Link said. “As the energy policies of the states we serve increasingly diverge, we will take the prudent actions necessary to expand our network and ensure the reliability and reasonable costs our customers expect and deserve.”
PacifiCorp recognizes that the basis for identifying a least-cost, least-risk portfolio varies across state jurisdictions, so the 2025 plan assesses the cost-effectiveness of individual resources considering the requirements specific to each jurisdiction. For this plan, three distinct sets of jurisdictional requirements were represented:
Resources identified under each jurisdictional view are brought together into an integrated portfolio, while resources specific to individual states are assigned only to those jurisdictions in which they were identified as cost effective.
Developed through comprehensive data analysis and computer modeling of the future needs of customers, together with an assessment of available resource types, the Integrated Resource Plan yields a preferred portfolio of resource types across a 20-year planning horizon. The plan selects the least-cost, least-risk resource types, which will become the basis for a future Request for Proposals, a competitive bidding process that will select specific projects for later construction.
Learn more at PacifiCorp.com/IRP.