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HomeMy WebLinkAbout20240822Avista Press Release 0822.pdf Idaho Public Utilities Commission Brad Litile,Governor P.O. Box 83720. Boise, ID 83720-0074 Eric Anderson, President Jdri R.Mammo* Jr,Cbmmissloner Edward Lodge,Commissioner Case No. AVU-E-24-07 Order No. 36294 Contact: Adam Rush Office: (208) 334-0339 E-mail: adam.rush@puc.idaho.gov NEWS RELEASE: Public comment is being accepted on electric utility's power cost adjustment application. BOISE (Aug. 22, 2024)—The Idaho Public Utilities Commission is accepting written comments on Avista Utilities' power cost adjustment application for the electric service it offers. The power cost adjustment is a mechanism used to track changes in revenues and costs associated with variations in hydroelectric generation, secondary prices, thermal fuel costs, and changes in power contract revenues and expenses. Avista Utilities is proposing a rate adjustment of 0.205 cents per kilowatt-hour. If the commission approves the application, approximately $6.6 million would be rebated to customers effective Oct. 1, 2024. Avista said the rebate is primarily associated with power supply costs that were lower than those included in retail rates, due to lower wholesale electric and natural gas prices. The commission is accepting written comments on Avista's application until Sept. 11, 2024. Comments are required to be filed through the commission's website or by e-mail unless computer access is not available. To submit comments using the commission website,please visit puc.idaho.gov and click on the "Case Comment Form" link on the upper left side of the page. Please use case number AVU-E-24-07 when filling out the form. The commenter should also include their name and address. If using e-mail, comments are required to be sent to the commission secretary and Avista at the e-mail addresses listed below. Commenters should include their name, address and case number AVU-E-24-07. If computer access is not available, comments can be mailed to the commission and Avista at the addresses listed below. Those submitting comments through the mail are required to include their name, address and case number AVU-E-24-07. For the Idaho Public Utilities Commission: Commission Secretary Idaho Public Utilities Commission P.O. Box 83720 Boise, ID 83720-0074 secretary@puc.idaho.gov Street address for express mail: 11331 W. Chinden Blvd. Building 8, Suite 201-A Boise, ID 83714 For Avista: David J. Meyer, Esq. Patrick Ehrbar Avista Corporation 1411 E. Mission Ave, MSC-10, MSC-27 Spokane, WA 99202-3727 david.meyer@avistacorp.com patrick.ehrbar@avistacorp.com dockets@avistacorp.com Additional information on Avista's application is available at: puc.idaho.gov/case/Details/7343.