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HomeMy WebLinkAbout20240806News Release.pdf ,''�f,, �' Idaho Public Utilities Commission Brad little,Govemor ` � P.O. Boot 83720. Boise, ID 83720.0074 Eric AnderAn President `� Jdn FtHammot4 Jr,Commissloner Edward Lodge,Commisslomr Case No. AVU-E-24-06 Order No. 36282 Contact: Adam Rush Office: (208) 334-0339 E-mail: adam.rushkpuc.idaho.gov NEWS RELEASE: Commission approves power purchase agreement between Avista Utilities and Ford Hydro. BOISE (Aug. 6, 2024)—The Idaho Public Utilities Commission has approved a power purchase agreement(PPA)between Avista Utilities and Ford Hydro that will allow Avista to buy power from Ford Hydro. A previous PPA expired on June 30, 2024. In a joint petition filed with the commission, Avista and Ford Hydro said the proposed PPA would expire on June 30, 2026. The parties also said the new proposed PPA largely parallels the previous PPA but has been updated to reflect or clarify language regarding commission mandates related to the 90/110 Rule, the PPA's provisions regarding the modifications to the Ford Hydro facility and the necessity of obtaining commission approval for amending the PPA. The commission has approved the PPA with the requirement that a compliance filing be submitted to the commission within 30 days of Aug. 5, 2024. The compliance filing will address renewable energy credits and technology type, avoided cost rates, lapsed contract period and other items. Ford Hydro operates a hydroelectric facility near Weippe, Idaho, that is capable of generating up to approximately 1.499 megawatts of energy. Avista Utilities provides electricity to customers in northern Idaho. Additional information is available at: puc.idaho.gov/case/Details/7313.