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Idaho Power vice president of regulatory affairs to retire

(KMVT)
Published: Feb. 12, 2016 at 12:27 PM MST
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Idaho Power announced Friday that Vice President of Regulatory Affairs Greg Said will retire from the company effective May 1. General Manager of Regulatory Affairs Tim Tatum will succeed Said as Vice President of Regulatory Affairs, assuming responsibility for the Regulatory Affairs department on March 1 and continuing to work closely with Said to ensure a smooth transition.

Said is a 36-year Idaho Power employee, and has been vice president of Regulatory Affairs since January 2011. In this role he was responsible for the management of economic regulatory activities in both the Idaho and Oregon retail jurisdictions and with the Federal Energy Regulatory Commission (FERC).

Said began his Idaho Power career as an analyst in the Resource Planning department, where his duties included preparation of integrated resource plans and overseeing requests for proposals to construct new generation facilities. In 1989 he moved to the regulatory side of the company, where he filled many roles over his career, including director of revenue requirement, director of state regulation and general manager of Regulatory Affairs.

A highlight of Said’s career was his design of a pivotal power cost adjustment (PCA) mechanism that helped reduce earnings volatility related largely to the impacts of snowpack on hydroelectric generation. During the course of his career he also was responsible for overseeing the preparation of all regulatory filings in state jurisdictions, and he played a critical role in a number of historic, collaborative settlement negotiations that produced innovative changes in both Idaho and Oregon rate structure.

“Greg has brought great value to Idaho Power throughout his long career with the company,” said IDACORP and Idaho Power President and Chief Executive Officer Darrel Anderson. “Over the past three-plus decades, Greg‘s strong work ethic, leadership skills and commitment to excellence have contributed to the company’s success.

“Under Greg’s leadership, our Regulatory Affairs department has helped Idaho Power successfully navigate numerous issues critical to the company, our customers and IDACORP’s shareholders. Additionally, Greg’s commitment to collaboration with regulators and other stakeholders has ensured many productive outcomes over the years. The board and I thank Greg for his many years of service to the company.”

Tatum, Said’s successor, has worked for Idaho Power since 1996. In his current role as general manager of Regulatory Affairs, he oversees the company’s cost of service activities such as power supply modeling, jurisdictional separation studies, class cost of service studies and marginal cost studies. Before assuming his current position, he held a number of other positions including cost of service manager, senior regulatory analyst, economic analyst and customer service representative. He holds a BBA in economics and an MBA from Boise State University, and he completed the University of Idaho Utility Executive Course in 2012.

“Idaho Power embraces succession planning at all levels, resulting in a deep bench of talent from which to choose future leaders,” Anderson added. “We wish Greg all the best in his well-deserved retirement, and are excited to welcome Tim to the leadership team.”

About Idaho Power Company:

Idaho Power, headquartered in Boise, Idaho, and locally operated since 1916, is an electric utility that employs more than 2,000 people who serve about 520,000 customers throughout a 24,000-square-mile area in southern Idaho and eastern Oregon. With 17 low-cost hydroelectric projects as the core of its diverse generation portfolio, Idaho Power’s residential, business and agricultural customers pay among the nation’s lowest rates for electricity. IDACORP, Inc. (NYSE: IDA), Idaho Power’s independent publicly traded parent company, is also headquartered in Boise, Idaho. To learn more, visit www.idahopower.com or www.idacorpinc.com.