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HomeMy WebLinkAbout20240531Final Approved Tariffs.pdf Idaho Power Company First Revised Sheet No. 55-1 Cancels IDAHO PUBLIC UTILITIES COMMISSION I.P.U.C. No. 30, Tariff No. 101 Original Sheet No. 55-1 Approved Effective May 31, 2024 June 1, 2024 SCHEDULE 55 Per ON 36202 POWER COST ADJUSTMENT Monica Barrios-Sanchez Secretary APPLICABILITY This schedule is applicable to the electric energy delivered to all Idaho retail Customers served under the Company's schedules and Special Contracts listed within this schedule. These loads are referred to as "firm" load for purposes of this schedule. BASE POWER COST AND PROJECTED POWER COST The Base Power Cost of the Company's rates, expressed in cents per kWh, is computed by dividing the sum of the Company's power cost components by firm kWh sales. The power cost components are segmented into three categories as described in the table below: The Projected Power Cost is the Company estimate, expressed in cents per kWh, of the power cost components for the forecasted time period beginning April 1 each year and ending the following March 31. BALANCING ADJUSTMENT The Balancing Adjustment is based upon the differences between previous Projected Power Cost and the power costs actually incurred. The Balancing Adjustment is 0.5946 cents per kWh. EARNINGS SHARING Order Nos. 30978, 32424, 33149, and 34071 directed the Company to share a portion of its earnings above a certain threshold with customers through the annual Power Cost Adjustment. The Company's 2023 earnings were not above the prescribed threshold resulting in a credit of 0.0000 cents per kWh. IDAHO Issued by IDAHO POWER COMPANY Issued per Order No. Timothy E. Tatum, Vice President, Regulatory Affairs Effective — June 1, 2024 1221 West Idaho Street, Boise, Idaho Idaho Power Company First Revised Sheet No. 55-2 Cancels IDAHO PUBLIC UTILITIES COMMISSION I.P.U.C. No. 30, Tariff No. 101 Original Sheet No. 55-2 Approved Effective May 31, 2024 June 1, 2024 Per ON 36202 SCHEDULE 55 Monica Barrios-Sanchez Secretary POWER COST ADJUSTMENT (Continued) POWER COST ADJUSTMENT The Power Cost Adjustment (PCA) is the sum of: 1) 95 percent of the difference between the Projected Power Costs in Category 1 and the Base Power Costs in Category 1; 2) 100 percent of the difference between the Projected Power Costs in Category 2 and the Base Power Costs in Category 2; 3) 100 percent of the difference between the Projected Power Costs in Category 3 and the Base Power Costs in Category 3;4)the Balancing Adjustment; and 5) Earnings Sharing. The following table calculates the rates for Categories 1, 2 and 3. The following table shows the determination of PCA rates for Categories 1, 2, and 3: Base Projected Sharing Category Description Power Power Difference % Rate Cost Cost (¢ per kWh) The sum of fuel expense and purchased power expense (excluding purchases from 1 cogeneration and small power 1.64824 1.77069 0.12245 95% 0.11633 producers), less the sum of off- system surplus sales revenue and revenue from market-based special contract pricing. Purchased power expense from 2 cogeneration and small power 1.35833 1.39092 0.03259 100% 0.03259 producers. 3 Demand response incentive 0.06767 0.06881 0.00113 100% 0.00113 payments. Total 3.07424 3.23041 0.15617 0.15005 IDAHO Issued by IDAHO POWER COMPANY Issued per Order No. Timothy E. Tatum, Vice President, Regulatory Affairs Effective —June 1, 2024 1221 West Idaho Street, Boise, Idaho Idaho Power Company First Revised Sheet No. 55-3 Cancels IDAHO PUBLIC UTILITIES COMMISSION I.P.U.C. No. 30, Tariff No. 101 Original Sheet No. 55-3 Approved Effective May 31, 2024 June 1, 2024 Per ON 36202 Monica Barrios-Sanchez Secretary SCHEDULE 55 POWER COST ADJUSTMENT (Continued) The monthly Power Cost Adjustment rates applied to the Energy rate of all metered schedules and Special Contracts are shown below. The monthly Power Cost Adjustment applied to the per unit charges of the nonmetered schedules is the monthly estimated usage times the cents per kWh rates shown below. Totals may not tie due to rounding. Balancing Earnings Total PCA Schedule Cate go Adjustment Sharin 1 2 3 1 0.1163 0.0326 0.0011 0.5946 0.0000 0.7447 3 0.1163 0.0326 0.0011 0.5946 0.0000 0.7447 5 0.1163 0.0326 0.0011 0.5946 0.0000 0.7447 6 0.1163 0.0326 0.0011 0.5946 0.0000 0.7447 7 0.1163 0.0326 0.0011 0.5946 0.0000 0.7447 8 0.1163 0.0326 0.0011 0.5946 0.0000 0.7447 9S 0.1163 0.0326 0.0011 0.5946 0.0000 0.7447 9P 0.1163 0.0326 0.0011 0.5946 0.0000 0.7447 9T 0.1163 0.0326 0.0011 0.5946 0.0000 0.7447 15 0.1163 0.0326 0.0011 0.5946 0.0000 0.7447 19S 0.1163 0.0326 0.0011 0.5946 0.0000 0.7447 19P 0.1163 0.0326 0.0011 0.5946 0.0000 0.7447 19T 0.1163 0.0326 0.0011 0.5946 0.0000 0.7447 24 0.1163 0.0326 0.0011 0.5946 0.0000 0.7447 40 0.1163 0.0326 0.0011 0.5946 0.0000 0.7447 41 0.1163 0.0326 0.0011 0.5946 0.0000 0.7447 42 0.1163 0.0326 0.0011 0.5946 0.0000 0.7447 26 0.1163 0.0326 0.0011 0.5946 0.7447 29 0.1163 0.0326 0.0011 0.5946 0.7447 30 0.1163 0.0326 0.0011 0.5946 0.7447 32 0.1163 0.0326 0.0011 0.5946 0.7447 34 0.1163 0.0326 0.0011 0.5946 0.7447 * Earnings Sharing Credits are applied as monthly amounts per the table below. Schedule Special Contract Monthly Credit 26 Micron $0.00 29 Simplot $0.00 30 DOE $0.00 32 Simplot-Caldwell $0.00 34 Lamb Weston $0.00 EXPIRATION The Power Cost Adjustment included on this schedule will expire May 31, 2025. IDAHO Issued by IDAHO POWER COMPANY Issued per Order No. 36042 Timothy E. Tatum, Vice President, Regulatory Affairs Effective -June 1, 2024 1221 West Idaho Street, Boise, Idaho Idaho Power Company 9rigiRal First Revised Sheet No. 55-1 Cancels I.P.U.C. No. 30, Tariff No. 101 NoReteeRth Reyised0riginal Sheet No. 55-1 SCHEDULE 55 POWER COST ADJUSTMENT APPLICABILITY This schedule is applicable to the electric energy delivered to all Idaho retail Customers served under the Company's schedules and Special Contracts listed within this schedule. These loads are referred to as "firm" load for purposes of this schedule. BASE POWER COST AND PROJECTED POWER COST The Base Power Cost of the Company's rates, expressed in cents per kWh, is computed by dividing the sum of the Company's power cost components by firm kWh sales. The power cost components are segmented into three categories as described in the table below: The Projected Power Cost is the Company estimate, expressed in cents per kWh, of the power cost components for the forecasted time period beginning April 1 each year and ending the following March 31. BALANCING ADJUSTMENT The Balancing Adjustment is based upon the differences between previous Projected Power Cost and the power costs actually incurred. The Balancing Adjustment is 0.6357 5946 cents per kWh. EARNINGS SHARING Order Nos. 30978, 32424, 33149, and 34071 directed the Company to share a portion of its earnings above a certain threshold with customers through the annual Power Cost Adjustment. The Company's 20223 earnings were not above the prescribed threshold resulting in a credit of 0.0000 cents per kWh. IDAHO Issued by IDAHO POWER COMPANY Issued per Order No. 36042 Timothy E. Tatum, Vice President, Regulatory Affairs Effective— JaRuary 1, 2024June 1, 2024 1221 West Idaho Street, Boise, Idaho Idaho Power Company Original First Revised Sheet No. 55-2 Cancels I.P.U.C. No. 30, Tariff No. 101Th'rteeRth Revised0riginal Sheet No. 55-2 SCHEDULE 55 POWER COST ADJUSTMENT (Continued) POWER COST ADJUSTMENT The Power Cost Adjustment (PCA) is the sum of: 1) 95 percent of the difference between the Projected Power Costs in Category 1 and the Base Power Costs in Category 1; 2) 100 percent of the difference between the Projected Power Costs in Category 2 and the Base Power Costs in Category 2; 3) 100 percent of the difference between the Projected Power Costs in Category 3 and the Base Power Costs in Category 3;4)the Balancing Adjustment; and 5) Earnings Sharing. The following table calculates the rates for Categories 1, 2 and 3. The following table shows the determination of PCA rates for Categories 1, 2, and 3: Base Projected Sharing Category Description Power Power Difference % Rate Cost Cost (¢ per kWh) The sum of fuel expense and purchased power expense (excluding purchases from cogeneration and small power 1.661 1. 1.Q�A8 9�3304820 ° 0.34 60 1 producers), less the sum of off- 64824 1.77069 .12245 95�0 .11633 system surplus sales revenue and revenue from market-based special contract pricing. Purchased power expense from 1.3692061. 1, 299 9�0930 0.0260930 2 cogeneration and small power35833 1.39092 .03259 100% .03259 producers. Demand response incentive 0.06844-70. 0.07342-3 0.0049760 ° 0.0049760 3 payments. 06767 0.06881 .00113 100/° .00113 �.^� °�°3. 3.460640 0PTO 00 3450270 Total 07424 3.23041 .15617 .15005 IDAHO Issued by IDAHO POWER COMPANY Issued per Order No. 36042 Timothy E. Tatum, Vice President, Regulatory Affairs Effective— JaRuary 1, 2024June 1, 2024 1221 West Idaho Street, Boise, Idaho Idaho Power Company 9rigiRal First Revised Sheet No. 55-3 Cancels I.P.U.C. No. 30, Tariff No. 101Twelfth Revo ed0riginal Sheet No. 55-3 SCHEDULE 55 POWER COST ADJUSTMENT (Continued) The monthly Power Cost Adjustment rates applied to the Energy rate of all metered schedules and Special Contracts are shown below. The monthly Power Cost Adjustment applied to the per unit charges of the nonmetered schedules is the monthly estimated usage times the cents per kWh rates shown below. Totals may not tie due to rounding. Balancing Earnings Total PCA Schedule Categoa Adjustment Sharing 1 2 3 9.1400.1163 0.02610.0326 0.00500.0011 0.63570.5946 (0.0000) 1 9-.99N0.7447 3 0.34400.1163 0.02610.0326 0-.00000.0011 0.-&�0.5946 0.0000 0.98070.7447 5 0.31400.1163 0-.0261-0.0326 0-.00000.0011 0.63570.5946 0.0000 0.-(�0.7447 6 0-34400.1163 0.02610.0326 0-.00500.0011 0.63570.5946 0.0000 0.-(�0.7447 7 0-34400.1163 0.02610.0326 0-.00000.0011 0.63570.5946 0.0000 94�0.7447 8 0.34400.1163 0.02610.0326 0.00-500.0011 0.63570.5946 0.0000 0470.7447 9S 0.34400.1163 0.02610.0326 0-:00000.0011 0.63570.5946 0.0000 0.-(�0.7447 9P 0-34400.1163 0.02610.0326 0-.00500.0011 0.63570.5946 0.0000 0.-(�0.7447 9T 0-34400.1163 0.02610.0326 0-:90000.0011 0.63570.5946 0.0000 94�0.7447 15 0-34400.1163 0.02610.0326 0-:90000.0011 0.63570.5946 0.0000 94�0.7447 0.31400.1163 0.02610.0326 0.00500.0011 0.63570.5946 (0.0000) 19S 9-.99N0.7447 19P 0-34400.1163 0.02610.0326 0-.00000.0011 0.63570.5946 0.0000 0.-(�0.7447 19T 0-34400.1163 0.02610.0326 0-:90000.0011 0.63570.5946 0.0000 94�0.7447 24 0.34400.1163 0.02610.0326 0.00500.0011 0.63570.5946 0.0000 0470.7447 40 0.34400.1163 0.02610.0326 0-.G0500.0011 0.63570.5946 0.0000 0.-(�0.7447 41 0-34400.1163 0.02610.0326 0-.00500.0011 0.63570.5946 0.0000 0.-(�0.7447 42 0-34400.1163 0.02610.0326 0-.00500.0011 0.63570.5946 0.0000 0.-(�0.7447 26 0-34400.1163 0.02610.0326 0-:90000.0011 0.63570.5946 0:98070.7447 29 0.34400.1163 0.02610.0326 0.00500.0011 0.63570.5946 0.98070.7447 30 0.34400.1163 0.02610.0326 0-:00000.0011 0.63570.5946 0-.98N0.7447 32 0-34400.1163 0.02610.0326 0-.00500.0011 0.63570.5946 0.98070.7447 34 0.1163 0.0326 0.0011 0.5946 0.7447 * Earnings Sharing Credits are applied as monthly amounts per the table below. Schedule Special Contract Monthly Credit 26 Micron $0.00 29 Simplot $0.00 30 DOE $0.00 32 Simplot-Caldwell $0.00 34 Lamb Weston 0.00 EXPIRATION IDAHO Issued by IDAHO POWER COMPANY Issued per Order No. 36042 Timothy E. Tatum, Vice President, Regulatory Affairs Effective- JaRuary 1, 2024June 1, 2024 1221 West Idaho Street, Boise, Idaho Idaho Power Company 9rigiRal First Revised Sheet No. 55-3 Cancels I.P.U.C. No. 30, Tariff No. 101Twelfth Revo ed0riginal Sheet No. 55-3 The Power Cost Adjustment included on this schedule will expire May 31, 20245. IDAHO Issued by IDAHO POWER COMPANY Issued per Order No. 36042 Timothy E. Tatum, Vice President, Regulatory Affairs Effective— JaRuary 1, 2024June 1, 2024 1221 West Idaho Street, Boise, Idaho