[Dracula]

Yes it does, The documentation is pretty clear about this....

http://www.codeigniter.com/user_guide/li...onfig-file

Setting Email Preferences in a Config File

If you prefer not to set preferences using the above method, you can instead put them into a config file. Simply create a new file called the email.php, add the $config array in that file. Then save the file at config/email.php and it will be used automatically. You will NOT need to use the $this->email->initialize() method if you save your preferences in a config file.

You don't load the file with:

PHP Code:

$this->load->library('email') 


...because it's not a library it's a config file.