20240702Decision Memo.pdf

DECISION MEMORANDUM
TO: COMMISSIONER ANDERSON
COMMISSIONER HAMMOND
COMMISSIONER LODGE
COMMISSION SECRETARY
COMMISSION STAFF
LEGAL
FROM: YAO YIN
ADAM TRIPLETT,DEPUTY ATTORNEY GENERAL
DATE: JULY 252024
RE: IN THE MATTER OF IDAHO POWER COMPANY'S APPLICATION FOR
APPROVAL OF A POWER PURCHASE AGREEMENT WITH PVS 2,LLC;
CASE NO. IPC-E-24-01.
On October 12,2023,the Idaho Public Utilities Commission("Commission")issued Order
No. 35958 in Case No. IPC-E-21-42 approving (1) Schedule 33, which is where all renewable
projects serving Brisbie, LLC's load are documented; and (2) the Renewable Capacity Credit
Payment Structure for Pleasant Valley Solar, which described how monthly adjusted Renewable
Capacity Credits ("RCC")will be calculated for Pleasant Valley Solar 1 ("PVS 1").
On May 28, 2024, the Commission issued Order No. 36197 in this case, approving the
Power Purchase Agreement ("PPA") between Idaho Power Company ("Company") and Pleasant
Valley Solar 2 ("PVS 2"), LLC.
On June 18, 2024, the Company submitted a Compliance Filing (1) to update Schedule 33
to include the parameters necessary to calculate RCC payments of PVS 2 generation to Brisbie;
and (2) to provide the RCC payment structure necessary to calculate monthly adjusted RCC
payments for PVS 2 included as Attachment 2-Renewable Capacity Credit Payment Structure for
Pleasant Valley Solar 2 in the Compliance Filing.
STAFF ANALYSIS
Staff reviewed the updates for Schedule 33 that reflect parameters of PVS 2 necessary to
calculate the RCC payments to Brisbie for PVS 2 generation and the payment structure
documented in Attachment 2 of the Compliance Filing. Staff believes that the parameters included
DECISION MEMORANDUM 1

in Schedule 33 are correct and that the method used to describe how monthly adjusted RCC will
be calculated for PVS 2 is consistent with the method approved for PVS 1 in Order No. 35958.
STAFF RECOMMENDATION
Staff recommends the Commission approve the updates for Schedule 33 and the
Renewable Capacity Credit Payment Structure for Pleasant Valley Solar 2 contained in the
Company's Compliance Filing.
COMMISSION DECISION
Does the Commission wish to approve the updates to Schedule 33 and the Renewable
Capacity Credit Payment Structure for Pleasant Valley Solar 2 contained in the Company's
Compliance Filing?
Yao Yin
Utilities Analyst II
Adam Triplett
Deputy Attorney General
I:\LegahELECTRIC\IPC-E-24-01_P V S2\tmemos\IPCE2401_decyyat.docx
DECISION MEMORANDUM 2