20211026News Release.pdf

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CaseNo. SUZ-W-I8-02
Case No. EAG-W-I8-01
OrderNo.35198
Contact: Adam Rush
OfEce: [phone]
E-mail : [e-mail]. gov
NEWS RELEASE: Proposed sefflement agreement regarding acquisition of Eagle Water
Company by SUEZ Water Idaho has been submitted to ldaho Public Utilities Commission
BOISE (Oct. 26, 2021) - A proposed settlement agreonent that spells out the terms allowing
SUEZ Water Idatro to acquire the assets of Eagle Water Company has been submitted to the
Idaho Public Utilities Commission for its consideration.
SUEZ, Eagle Water, and commission staffall signed the proposed agreement. Other parties
involved in settlement negotiations did not sign on to the agreement. If approved by the
commission, SUEZ Water will be entitled to an acquisition adjustment amount of $10,475,000
that will be included in its next rate case. In addition, that amount will be amortized over 40
years beginning at the implementation of rates in SUEZ's next rate case.
As part of the proposed settlernent agreement, the parties involved agreed that new rates for
existing Eagle Water customers will be phased-in over seven years. On Jan. 1,2022, existing
Eagle Water customers' rates will be set at 50 percent of SUEZ's approved rates. Each year
thereafter on Jan. l, existing Eagle Water customers' rates will increase by approximately 8.33
percent until their rates are 100 percent of SUEZ's approved rates.
The rate phase-in for Eagle Water customers will follow this progression:
Jan. 1,2022- 50percent
Jan. l, 2023 - 58.33 percent
Jan. 1, 2024 - 66.67 percent
Jan. 1, 2025 - 75 percent
Jan. l, 2026 - 83.33 percent
Jan. l, 2027 - 91.67 percent
Jan. l, 2028 - 100 percent
The proposed settlement agreemurt also directs Eagle Water to refund approximately $592,020
to existing customers of the utility. The refund is intended to offset in part the increase in rates
existing Eagle Water customers will see beginning Jan. l, 2022.
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The commission is accepting written comments on the proposed settlement agreement through
Nov. 8, 2021. Comments must be filed by e-mail unless e-mail is unavailable. To submit
comments via e-mail, please visit the commission's webpage at puc.idaho.gov. Click on the
'oCase Comment Form" link toward the top left side of the page. Please use case number SUZ-
W-I8-02 or EAG-W-I8-01 when filling out the form. Any comme,nts should also be e-mailed to
SUEZ Water and Eagle Water at the e-mail addresses listed below.
If e-mail is unavailable, comments may be mailed to the commission, SUEZ and Eagle Water at
these addresses:
For the Idaho Public Utilities Commission:
Commission Secretary
Idaho Public Utilities Commission
P.O. Box 83720
Boise,ID 83720-0074
secretary@puc. idaho. gov
Street Address for Express Mail:
11331 W. ChindenBlvd.
Building 8, Suite 201-A
Boise,lD 83714
For SUEZ Water ldaho,Inc.:
Michael Creamer
Preston Carter
601 Bannock St.
Boise,lD 83702
mcc@givenspursley. com
prestoncarter@givenspursl ey. com
For Eagle Water Company:
Molly O'Leary
1775W. State St., #150
Boise,lD 83702
[e-mail]
Robert DeShazo
188 W. State St.
Eagle,ID 83616
eaglewaterco @gmail. com
For additional information on the proposed settlement agreement, please visit:
puc.idaho.gov/case/Details/3 6 I I .