20240531IPC Bill Insert.pdf

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Idaho Power has filed a limited scope rate case with the
Idaho Public Utilities Commission (IPUC)requesting an
overall base rate increase of$99.29 million, or 7.31%for
Idaho customers.The IPUC will evaluate this request over
the next several months,and any resulting changes will
not take effect until January 2025 or later.
Idaho Power's request only focuses on recovering
costs associated with infrastructure investments and
labor expenses that were not included for collection
in the company's last rate case but will be benefitting
customers by year-end 2024.The goal of filing a limited
case is to balance timely cost recovery with customer
affordability and reliability. Idaho Power plans to invest
nearly$1 billion in its electrical grid in 2024 and an
average of nearly$800 million annually over the next five
years to meet growing customer demand and maintain a
safe, reliable electrical system.
Idaho Power is sensitive to the impact rate increases
have on customers and believes this limited case will
minimize customer impact as compared to a broader
general rate review. Idaho Power remains committed to
affordability,with prices 20%to 30% lower than the
national average. For customers who may be struggling
to pay their bill, Idaho Power has tools, programs, and
resources available at idahopower.com/accounts-service/
make-payment/help paying-bill/idaho-assistance.
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If this request is approved as filed,the average Idaho
residential customer using 950 kilowatt hours per
month would see a monthly bill increase of about$7.48.
Proposed impacts for all Idaho customers are shown
in the table below.Actual percentages will depend on
a customer's classification,the rate they pay, and the
final decision by the IPUC. Oregon customers are not
impacted by this filing.
Limited Scope Rate Request
Percentage Change from Current Base Revenue
Small General Large General
Residential Service Service, Large Power, Irrigation
7.25% 7.30% 6.83% 6.50% 9.50%
Includes lighting schedules; ,Includes special contracts
Opportunities for Public Review
Idaho Power's proposal is subject to public review and
approval by the IPUC. Copies of the application, direct
filed testimonies, and exhibits are available to the public
at the IPUC offices(11331 W. Chinden Blvd. Building 8,
Suite 201-A, Boise, ID 83714), Idaho Power offices, or
at idahopower.com or puc.idaho.gov. Customers also
may subscribe to the IPUC's RSS feed to receive periodic
updates via email about the case.Written comments
regarding Idaho Power's proposal may be filed with
the IPUC. Visit puc.idaho.gov/Form/CaseComment and
reference Case No. IPC-E-24-07 or mail to PO Box 83720,
Boise ID, 83720.
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*Printed on recycled paper. 02024 Idaho Power 31180-1-0280