20240829News Release.pdf

Idaho Public Utilities Commission Brad Utde,Go„emor
P.O. Boot 83720, Boise, ID 83720-0074 Esc Anderson President
John R.Hammand, Jr, Cmomissioner
Edward Lodge,Commissioner
Case No. IPC-E-24-12
Order No. 36309
Contact: Adam Rush
Office: [phone]
E-mail: [e-mail]
NEWS RELEASE: Commission approves market purchase agreement between Idaho Power and
Powerex Corp.
BOISE (Aug. 29, 2024)—The Idaho Public Utilities Commission has approved an application
from Idaho Power that will allow it to buy electricity from Powerex Corp.
In its application to the commission, Idaho Power said a proposed market purchase agreement
will allow it to buy 200 megawatts of firm capacity from June through September between the
hours of 7:00 a.m. and 10:00 p.m., seven days a week. Firm capacity is a guarantee of a level of
supplied power committed to by Powerex as long as the purchase agreement is active.
The utility said its system would require approximately 236 megawatts of additional capacity by
2026 to meet system reliability requirements, and that the market purchase agreement will begin
on June 1, 2026. The agreement has a five-year term that begins when the Boardman to
Hemingway transmission line project starts to transmit power, and the agreement allows for a
bridge term to buy and receive the power in the event that the Boardman to Hemingway line is
not in service as of June 1, 2026.
The commission determined the market purchase agreement is fair,just and reasonable.
Additional information on Idaho Power's application is available at:
puc.idaho.gov/case/Details/7287.