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HomeMy WebLinkAbout20240618Decision Memo.pdf DECISION MEMORANDUM TO: COMMISSIONER ANDERSON COMMISSIONER HAMMOND COMMISSIONER LODGE COMMISSION SECRETARY COMMISSION STAFF LEGAL FROM: SHUBHRA DEB PAUL ADAM TRIPLETT, DEPUTY ATTORNEY GENERAL DATE: JUNE 25,2024 SUBJECT: IN THE MATTER OF ROCKY MOUNTAIN POWER'S APPLICATION FOR APPROVAL OF $62.4 MILLION ECAM DEFERRAL; CASE NO. PAC-E-24-05. BACKGROUND On April 1, 2024, PacifiCorp dba Rocky Mountain Power("Company") applied for authorization to adjust its rates under the Energy Cost Adjustment Mechanism ("ECAM"). The Company sought an order approving approximately $62.4 million in ECAM deferred costs and a 10.5 percent increase to Electric Service Schedule No. 94, Energy Cost Adjustment ("Schedule 94"). The Company requested its proposed adjustment be processed by Modified Procedure and become effective on June 1, 2024. On May 31, 2024, having reviewed the record, the Commission issued Order No. 36207, approving the Company's Application in part. Specifically, the Commission disallowed recovery of costs the Company incurred to comply with the Washington Climate Commitment Act and authorized a revised ECAM deferral amount of $60,093,960 for the deferral period beginning January 1, 2023,through December 31, 2023. In its Order,the Commission directed the Company to submit a Compliance filing within 15 days to include a revised Schedule No. 94 tariff reflecting the amounts approved by the Commission. On June 6, 2024, the Company submitted a compliance filing in response to Order No. 36207. DECISION MEMORANDUM - 1 - JUNE 25, 2024 STAFF REVIEW Staff reviewed the Company's updated Schedule 94 tariff included in the compliance filing and believes that the tariff reflects the rates ordered by the Commission. Order No. 36207 at 13. STAFF RECOMMENDATION Staff recommends the Commission approve Electric Service Schedule No. 94 — Energy Cost Adjustment tariff submitted by the Company on June 6, 2024, as filed, with an effective date of June 1, 2024. COMMISSION DECISION Does the Commission wish to approve the compliance filing and tariff submitted by the Company on June 6, 2024, as filed, with an effective date of June 1, 2024? Adam Triplett Deputy Attorney General 1AUtility\UDMEMOS\PAC-E-24-05 Decision Memo.docx DECISION MEMORANDUM - 2 - JUNE 25, 2024