20240925Compliance Filing.pdf

04%6h-0IQAW POWER.
DONOVAN WALKER
Lead Counsel RECEIVED
dwa Ike r(a)idaho power.corn Wednesday, September 25, 2024
IDAHO PUBLIC
UTILITIES COMMISSION
September 25, 2024
VIA ELECTRONIC FILING
Commission Secretary
Idaho Public Utilities Commission
11331 W. Chinden Blvd., Bldg 8,
Suite 201-A (83714)
PO Box 83720
Boise, Idaho 83720-0074
Re: Case No. IPC-E-24-18
In the Matter of Idaho Power Company's Application for Approval of a Clean
Energy Your Way Construction Agreement with the City of Boise and the
First Amendment Thereto
Dear Commission Secretary:
Attached for electronic filing please find Idaho Power Company's Compliance
Filing in the above matter.
Please feel free to contact me directly with any questions you might have about
this filing.
Very truly yours,
Donovan E. Walker
DEW:cd
Attachment

DONOVAN E. WALKER (ISB No. 5921)
Idaho Power Company
1221 West Idaho Street (83702)
P.O. Box 70
Boise, Idaho 83707
Telephone: [phone]
Facsimile: [phone]
dwalker _idahopower.com
Attorney for Idaho Power Company
BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION
IN THE MATTER OF IDAHO POWER )
COMPANY'S APPLICATION FOR ) CASE NO. IPC-E-24-18
APPROVAL OF A CLEAN ENERGY YOUR )
WAY CONSTRUCTION AGREEMENT WITH ) IDAHO POWER COMPANY'S
THE CITY OF BOISE AND THE FIRST ) COMPLIANCE FILING
AMENDMENT THERETO. )
COMES NOW, Idaho Power Company ("Idaho Power" or "Company"), hereby
respectfully submits this Compliance Filing to effectuate updates to the Clean Energy
Your Way Renewable Power Purchase Agreement with the City of Boise City and
Schedule 26 as directed by the Idaho Public Utilities Commission ("Commission") in Order
Nos. 36302.
I. BACKGROUND
1. Idaho Power filed its Application in this case on April 23, 2024, requesting
Commission approval of the Clean Energy Your Way ("CEYW") Renewable Power
Purchase Agreement ("PPA") with the City of Boise City ("City"), as well as the First
Amendment thereto that included modifications to Exhibit 1, which sets forth the details
of the various rate component monthly charges and pricing under the Renewable PPA,
IDAHO POWER COMPANY'S COMPLIANCE FILING - 1

as amended ("Revised Exhibit 1").
2. The Renewable PPA, as amended, is consistent with the CEYW
construction framework approved by the Commission in Order No. 35893' but, unlike the
Company's two other CEYW construction agreements, does not contemplate procuring a
new resource. Rather, it formalizes the City as a purchaser of up to 10 MW—or 25 percent
of the generation—of the existing and active PPA between Idaho Power and Black Mesa
Energy, LLC ("Black Mesa"), which was previously approved by the Commission to
facilitate the provision of energy to the Company by a 40 MW solar resource pursuant to
the Micron Technology, Inc. ("Micron") CEYW Special Contract and associated Schedule
26.2
3. On August 23, 2024, the Commission issued Order No. 36302 in this case
approving the Renewable PPA, as amended, between the City and Idaho Power, subject
to the Company updating an error in the pricing exhibit (Exhibit 1) noted by Commission
Staff, and also recommending that associated updates be made to the third-party
customer off-taker provision connected with Micron's Special Contract in Schedule 26.
4. The Company is now submitting this Compliance Filing to present updated
materials to ensure clarity and accuracy and address the Commission-directed
modifications as more fully described below.
II. COMPLIANCE FILING
5. Second Amendment to Renewable PPA: On September 17, 2024, the
In the Matter of Idaho Power Company's Application to Expand Clean Energy Offerings Through the
Clean Energy Your Way Program, Case No. I PC-E-21-40.
21n the Matter of Idaho Power Company's Application for Approval of a Replacement Special Contract
with Micron Technology, Inc. and a Power Purchase Agreement with Black Mesa Energy, LLC, Case No.
I PC-E-22-06.
IDAHO POWER COMPANY'S COMPLIANCE FILING - 2

Parties entered into the Second Amendment to the Renewable PPA ("Second
Amendment") to replace the First Revised Exhibit 1 with the Second Revised Exhibit 1,
which updated Table 1 to remedy the error in the Renewable Capacity Contribution value
identified by Staff as directed by the Commission in Order No. 36302. The Second
Amendment is submitted with this Compliance Filing as Attachment 1 .
6. Revised Schedule 26. As noted by the Commission, because the
Renewable PPA, as amended, leverages a provision in Micron's Commission-authorized
Special Contract that allows for another Idaho Power customer to purchase a share of
generation from Black Mesa, approval of that agreement changes Micron's allocation of
Black Mesa as reflected in Tables 1 and 2 to the Company's Schedule 26. As a result,
the Company has modified Schedule 26 to reflect Micron's allocation of Black Mesa vis-
a-vis the City's allocation under the Renewable PPA, as amended, to ensure that the
Company's approved tariffs filed with the Commission remain complete and accurate and
as directed by the Commission. Revised Schedule 26 is submitted with this Compliance
Filing as Attachment 2.
III. CONCLUSION
7. Idaho Power appreciates the Commission's review and consideration of the
issues in this case and the opportunity to make this Compliance Filing to address the
Commission-directed modifications. The Company believes the executed Second
Amendment to the Renewable PPA between Idaho Power and the City provided herewith
as Attachment 1 and revised Schedule 26 provided herewith as Attachment 2 make the
necessary changes to implement the Commission's directives.
IDAHO POWER COMPANY'S COMPLIANCE FILING - 3

Respectfully submitted this 25th day of September 2024.
DONOVAN E. WALKER
Attorney for Idaho Power Company
IDAHO POWER COMPANY'S COMPLIANCE FILING - 4

CERTIFICATE OF SERVICE
HEREBY CERTIFY that on the 25th day of September, 2024, 1 served a true and
correct copy of Idaho Power Company's Compliance Filing upon the following named
parties by the method indicated below, and addressed to the following:
Commission Staff Hand Delivered
Adam Triplett U.S. Mail
Deputy Attorney General Overnight Mail
Idaho Public Utilities Commission FAX
11331 W. Chinden Blvd., Bldg No. 8 FTP Site
Suite 201-A (83714) X Email Adam.Triplett(ap-puc.idaho.gov
PO Box 83720
Boise, ID 83720-0074
Micron Technology, Inc. Hand Delivered
Austin Rueschhoff U.S. Mail
Thorvald A. Nelson Overnight Mail
Austin W. Jensen FAX
Holland & Hart LLP FTP Site
555 17th Street, Suite 3200 X Email darueschhoff(a-hol land hart.com
Denver, CO 80202 tnelson(a�hol land hart.com
awjensen(a-hol land hart.com
Jim Swier Hand Delivered
Micron Technology, Inc. U.S. Mail
8000 South Federal Way Overnight Mail
Boise, ID 83707 FAX
FTP Site
X Email jswier micron.com
City of Boise Hand Delivered
Ed Jewell U.S. Mail
Deputy City Attorney Overnight Mail
Boise City Attorney's Office FAX
150 N. Capitol Blvd. FTP Site
P.O. Box 500 X Email BoiseCityAttorney(a�_cityofboise.org
Boise, Idaho 83701 ejewell cityofboise.org
IDAHO POWER COMPANY'S COMPLIANCE FILING - 5

Steven Hubble Hand Delivered
Climate Action Senior Manager U.S. Mail
Boise City Dept. of Public Works Overnight Mail
150 N. Capitol Blvd. FAX
P.O. Box 500 FTP Site
Boise, Idaho 83701 X Email shubble cityofboise.org
C%�-%�
Christy Davenport
Legal Administrative Assistant
IDAHO POWER COMPANY'S COMPLIANCE FILING - 6

BEFORE THE
IDAHO PUBLIC UTILITIES COMMISSION
CASE NO. IPC-E-24-18
IDAHO POWER COMPANY
ATTACHMENT 1

Docusign Envelope ID:61536BD9-84D1-438F-A275-EE5967E61005
SECOND AMENDMENT TO THE
RENEWABLE POWER PURCHASE AGREEMENT
BETWEEN
IDAHO POWER COMPANY AND
CITY OF BOISE —
CLEAN ENERGY YOUR WAY "CONSTRUCTION OPTION"
This Second Amendment to the Renewable Power Purchase Agreement ("Second
Amendment") is executed on September 17, 2024 (the "Execution Date"), by the CITY OF
BOISE, an Idaho municipal corporation ("City of Boise"), and IDAHO POWER COMPANY, an
Idaho Corporation ("Idaho Power"). The City of Boise and Idaho Power are hereinafter referred
to individually as a "Party" or collectively as the "Parties".
WHEREAS, the City of Boise is an existing retail customer of Idaho Power with multiple
accounts, taking service under Schedules 1, 7, 9, 15, 18 19, 24, 40, 41, 42 and 84; and
WHEREAS, as a result of the City of Boise's desire to meet a portion of its annual energy
requirements with energy generated by a Renewable Resource, the Parties entered into a
Renewable Power Purchase Agreement ("Agreement") on October 10, 2023, as well as a First
Amendment thereto dated April 16, 2024, that included modifications to Exhibit 1, which sets
forth the details of the various rate component monthly charges and pricing under the Agreement
("Revised Exhibit 1"), and Idaho Power initiated Case No. IPC-E-24-18 on April 23, 2024,
requesting Commission approval of the Agreement, as amended ("Amended Agreement"); and
WHEREAS, the Commission issued Order No. 36302, on August 23, 2024, in which it
approved the Amended Agreement contingent upon Idaho Power correcting an error in the
calculated Renewable Capacity Contribution value in the First Revised Exhibit 1 and submitting
the corrected exhibit as a compliance filing; and
Page 1 of 4

Docusign Envelope ID:61536BD9-84D1-438F-A275-EE5967E61005
Second Amendment to the
Renewable Power Purchase Agreement
WHEREAS, the Parties now desire to enter into this Second Amendment to the
Agreement to modify Revised Exhibit 1 to address the modifications required by the
Commission, and hereby submits the same for the Commission's approval.
NOW, THEREFORE, in consideration of the promises and of the mutual covenants herein
set forth, and other good and valuable consideration, the receipt, sufficiency and adequacy of
which are hereby acknowledged, the City of Boise and Idaho Power, each intending to be legally
bound, agree as follows:
1. Incorporation of Recitals. The above-stated recitals are incorporated into and made a part
of this Second Amendment by this reference.
2. Second Amendment.
Exhibit 1: Pricing. First Revised Exhibit 1 to the Agreement is hereby replaced in its
entirety with the Second Revised Exhibit 1 included in the Attachment hereto, which is
incorporated by reference as if set forth fully.
3. IPUC Approval. The obligations of the Parties under this Second Amendment are subject to
the Commission's approval of this Second Amendment, and such approval being upheld on
appeal, if any, by a court of competent jurisdiction.
4. Effect of Amendment. Except as expressly amended by this Second Amendment, the terms
and conditions of the Agreement remain unchanged.
5. Capitalized Terms. All capitalized terms used in this Second Amendment and not defined
herein shall have the same meaning as in the Agreement.
6. Scope of Amendment. This Second Amendment shall be binding upon and inure to the
benefit of the Parties hereto, and their respective heirs, executors, administrators, successors,
and assigns, who are obligated to take any action which may be necessary or proper to carry
out the purpose and intent hereof.
Page 2 of 4

Docusign Envelope ID:61536BD9-84D1-438F-A275-EE5967E61005
Second Amendment to the
Renewable Power Purchase Agreement
7. Authority. Each Party represents and warrants that as of the Execution Date: (if) it is validly
existing and in good standing in the state in which it is organized, (ii) it is the proper party to
amend the Agreement, and (iii) it has the requisite authority to execute this Second Amendment.
8. Counterparts. This Second Amendment may be executed in any number of counterparts,
each of which shall be deemed an original and all of which taken together shall constitute a
single instrument. A signature in "PDF" format or an electronic signature to this Second
Amendment shall be deemed an original and binding upon the Party against which enforcement
is sought.
9. Governing Law. Unless otherwise expressly provided herein, the terms and conditions of
this Second Amendment shall be governed by, controlled, construed and enforced in
accordance with the laws and decisions of the state of Idaho applicable to agreements to be
made and to be performed in Idaho without regard to principles of conflicts of law.
[Signatures appear on the following page]
Page 3 of 4

Docusign Envelope ID:61536BD9-84D1-438F-A275-EE5967E61005
Second Amendment to the
Renewable Power Purchase Agreement
IN WITNESS WHEREOF, the Parties hereto have caused this Second Amendment to the
Agreement to be duly executed as of the date set forth above.
CITY OF BOISE
By: s�s',
Name: Tauren McLean
Title: Mayor, City of Boise C q
ATTES - � �
By: 7
O -
Name: Jamie Heinzerling q ,
Title: City Clerk, City of Boise
IDAHO POWER COMPANY
Name: Adam Ri chins
Title: coo
Page 4 of 4

Docusign Envelope ID:61536BD9-84D1-438F-A275-EE5967E61005
Attachment to
Second Amendment to the Renewable Power Purchase Agreement
Between Idaho Power Company and City of Boise
Dated September 2024
SECOND REVISED EXHIBIT 1
PRICING
Definitions
"Administrative Charge" is equal to 5 percent of the portion of the Excess Generation Credit and/or the
Monthly Adjusted Renewable Energy Facility Credit that is recovered through the Power Cost Adjustment
and that Idaho Power allocates to the State of Idaho. The Administrative Charge will be determined and
applied monthly.
"Annual Renewable Energy Facility Credit" means the product of the Renewable Capacity Contribution
and the Renewable Energy Facility Credit Rate.
"Capacity Contribution Factor" is based on the capacity contribution methodology and preferred portfolio
resource addition timing of the most recently acknowledged IRP, is set at the time of execution of the
Renewable Resource PPA or the Parties' agreement to procure or construct the Idaho Power-owned
Renewable Resource, as applicable, and remains the same value for the duration of the term of the
Renewable Resource PPA or the period of time during which the Idaho Power-owned Renewable
Resource will provide Project Output to City of Boise, as applicable.
"Excess Generation" means the amount for each Hour by which energy from the Project(s) exceeds the
Total Supply Obligation energy requirement.
"Excess Generation Credit" means the total amount of Excess Generation times the Excess Generation
Price.
"Excess Generation Price" means the lower of (1) 85 percent of the hourly Mid-Columbia Forecast, with
a non-firm adjustment applied to each Hour's price, or (2) the actual heavy or light load hour (as
applicable) Mid-Columbia market price for each hour of Excess Generation delivered. The non-firm
adjustment will be based on the rate contained within Schedule 86 or its successor schedule.
"Fixed Cost Component of the Retail Energy Charge" means the per kilowatt hour rate of cost-of-service
classified fixed costs pursuant to the Fixed Cost Component of the Retail Energy Charge as stated in
Schedule 62.
"Mid-Columbia Forecast" means the hourly Mid-Columbia price forecast from the Company's most
recently filed IRP. The proposed Mid-Columbia Forecast will be filed with the IPUC following submission
of each IRP filing.
"Monthly Adjusted Renewable Energy Facility Credit" is the product of the Monthly Unadjusted
Renewable Energy Facility Credit and the Performance Ratio Adjustment Factor. The Monthly Adjusted
Second Revised Exhibit 1
Page I 1

Docusign Envelope ID:61536BD9-84D1-438F-A275-EE5967E61005
Renewable Energy Facility Credit will be provided to City of Boise monthly, starting the month of the
respective Project's Renewable Capacity Credit Eligibility Date or the month following the commercial
operation date of the applicable Project, whichever is later, and will remain in effect for the duration of
the term of the Renewable Resource PPA or the period of time during which the Idaho Power-owned
Renewable Resource will provide Project Output to City of Boise, as applicable.
"Monthly Unadjusted Renewable Energy Facility Credit" is the monthly payment available to City of Boise
with respect to a Renewable Resource PPA based on the Annual Renewable Energy Facility Credit if all
performance expectations are met by the applicable Renewable Resource. The Monthly Unadjusted
Renewable Energy Facility Credit will be determined at time of execution of the Renewable Resource
PPA or the Parties' agreement to procure or construct the Idaho Power-owned Renewable Resource, as
applicable, and will be subject to IPUC approval.
"Performance Ratio Adjustment Factor" is the adjustment to be applied to the Monthly Unadjusted
Renewable Energy Facility Credit when performance expectations are not met. The Performance Ratio
Adjustment Factor methodology is determined at time of execution of the Renewable Resource PPA or
the Parties' agreement to procure or construct the Idaho Power-owned Renewable Resource, as
applicable, and will be subject to IPUC approval.
"Renewable Capacity Contribution" means the Project MW AC nameplate capacity multiplied by the
Capacity Contribution Factor.
"Renewable Energy Facility Credit Rate" is based on the Avoided Levelized Capacity Costs of the lowest-
cost selectable resource from the most recently acknowledged IRP, is set at the time of execution of the
Renewable Resource PPA or the Parties' agreement to procure or construct the Idaho Power-owned
Renewable Resource, as applicable, and remains the same value for the duration of the term of the
Renewable Resource PPA or the period of time during which the Idaho Power-owned Renewable
Resource will provide Project Output to City of Boise, as applicable.
"Renewable Energy Facility Credit Adjustment"will be determined at time of execution of the Renewable
Resource PPA or the Parties' agreement to procure or construct the Idaho Power-owned Renewable
Resource, as applicable, be subject to IPUC approval, and include any adjustment necessary to ensure
no cost shift to other customers.
"Renewable Energy Facility Cost" represents the Renewable Resource Contract Price and any additional
costs incurred by Idaho Power not included in the Renewable Resource Contract Price, which are
necessarily incurred to certify Environmental Attributes pursuant to the Agreement.
"Renewable Energy Facility On-Site Usage" means the amount of energy output from all Projects in any
Hour that meets any portion of the Total Supply Obligation energy requirement for such Hour.
Second Revised Exhibit 1
Page 12

Docusign Envelope ID:61536BD9-84D1-438F-A275-EE5967E61005
Source and Timing of Updates to Pricing Components
Pricing components will be u dated at the following intervals:
Renewable Energv Facility
Schedule 19 Rates Mid-Columbia Forecast Credit Rate
General Rate Case Following submission of each Execution of the Renewable
IRP filing Resource PPA or the Parties'
Other Revenue Requirement agreement to procure or
Filing construct the Idaho Power-
owned Renewable Energy
Facility, as applicable,
subject to IPUC approval
Renewable Energy Facility Credit
TABLE 1: RENEWABLE ENERGY FACILITY CREDIT
(a) (b) (c) (d) (e) (f) (g) (h)
Project Most Recently Project Capacity Renewable REF REF Credit Annual REF Buyer's Buyer's Annual
Acknowledged Nameplate Contribution Capacity Credit Adjustment Credit Share REF Credit"
IRP (kW AC) Factor Contribution Rate (c*d*e) (c`d�e'g)
Black 2019 40,000 0.3642 14,568 $121.19 1.0 $1,765,495.91 0.25 $441,373.98
Mesa
Energy
LLC
*Table 2 denotes the Monthly Unadjusted Renewable Capacity Credit at 10,000 kW AC (10 MW) Buyer's Share of project
nameplate.
'Table 3 denotes each project's date of eligibility for the Annual Renewable Energy Facility Credit.
TABLE 2: MONTHLY UNADJUSTED RENEWABLE ENERGY FACILTY CREDIT BY MONTH
Jan Feb June July Aug Sept Oct Nov Dec
Black $23,170 $23,170 $77,240 $154,480 $77,240 $19,860 $19,860 $23,170 $23,170
Mesa
Energy
LLC1
TABLE 3: ELIGIBILITY DATE FOR RENEWABLE ENERGY FACILITY CREDIT
Project PPA Execution Date f
pacity Deficiency Year Renewable Energy Facility Credit Eligibility Date
Black Mesa 2/16/2022 2026 7/1/2026
Energy LLC :I
Amounts to be adjusted by the Performance Ratio Adjustment Factor,which is calculated pursuant to the methodology detailed
in Case No. IPC-E-22-06,Attachment 1 to Idaho Power Company's Compliance Filing dated December 23, 2022, as approved
in Order No. 35735 (Apr. 12, 2023), to determine the Monthly Adjusted Renewable Capacity Credit. Amounts shown are for a
Buyer's Share of 10 MW and will be adjusted for each month that Buyer's Share is less than 10 MW.
Second Revised Exhibit I
Page 13

BEFORE THE
IDAHO PUBLIC UTILITIES COMMISSION
CASE NO. IPC-E-24-18
IDAHO POWER COMPANY
ATTACHMENT 2

Idaho Power Company First Revised Sheet No. 26-2
Cancels
I.P.U.C. No. 30, Tariff No. 101 Original Sheet No. 26-2
SCHEDULE 26
IDAHO POWER COMPANY
ELECTRIC SERVICE RATE
FOR
MICRON TECHNOLOGY, INC.
BOISE, IDAHO
SPECIAL CONTRACT DATED MARCH 9, 2022, AMENDED MAY 31, 2023
(Continued)
RENEWABLE RESOURCE AGREEMENTS
Calculation of the Monthly Unadjusted Renewable Capacity Credit for each Project is quantified in the tables
below. The Monthly Adjusted Renewable Capacity Credit will be provided to Micron monthly, starting the
month of the Project's Renewable Capacity Credit Eligibility Date (as defined in Table 3) or the month
following the respective Project's commercial operation date, whichever is later, and will remain in effect for
the duration of the term of the Renewable Resource PPA or the period of time during which the Idaho
Power-owned Renewable Resource will provide Project Output to Micron, as applicable. The Monthly
Adjusted Renewable Capacity Credit will be provided in accordance with Revised Exhibit 1 of Micron's
Special Contract, dated March 9, 2022, as amended.
TABLE 1: RENEWABLE CAPACITY CREDIT
a b c d e f h
Project Most Recently Project Capacity Renewable Renewable RCC Annual RCC Micron Micron's
Acknowledged Nameplate Contribution Capacity Capacity Adjustment (c'd'e) Project Annual RCC"
IRP (kW AC) Factor Contribution Credit Rate Output (c"d*e"g)
(a'b) (RCC) Share
$/kW- r
lack 2019 40,000 0.3642 14,568 $121.19 1.0 $1,765,495.91 0.75 $1,324,121.94
esa
Energy
LC
*Table 2 denotes the Monthly Unadjusted Renewable Capacity Credit.
'Table 3 denotes each project's date of eligibility for the Annual Renewable Capacity Credit.
TABLE 2: MONTHLY UNADJUSTED RENEWABLE CAPACITY CREDIT BY MONTH
Jan Feb June July Aug Sept Oct Nov Dec
Black $69,517 $69,517 $231,721 $463,442 $231,721 $59,585 $59,585 $69,517 $69,517
Mesa
Energy
LLCl
TABLE 3: ELIGIBILITY DATE FOR RENEWABLE CAPACITY CREDIT
Project PPA Execution Date 7 pacity Deficiency Year Renewable Capacity Credit Eligibility Date
Black Mesa 2/16/2022 2026 7/1/2026
Energy LLC
'Amounts to be adjusted by the Performance Ratio Adjustment Factor,which is calculated pursuant to the methodology
detailed in Case No. IPC-E-22-06,Attachment 1 to Idaho Power Company's Compliance Filing dated December 23, 2022, as
approved in Order No. 35735(Apr. 12,2023), to determine the Monthly Adjusted Renewable Capacity Credit.Amounts shown
are for Micron's assigned Project Output of 30 MW and will be adjusted for each month that Micron's assigned Project Output
is greater than 30 MW.
IDAHO Issued by IDAHO POWER COMPANY
Issued per Order No. 36302 Timothy E. Tatum, Vice President, Regulatory Affairs
Effective— September 1, 2024 1221 West Idaho Street, Boise, Idaho

Idaho Power Company Original First Revised Sheet No. 26-2
Cancels
I.P.U.C. No. 30, Tariff No. 101 Original Sheet No. 26-2
SCHEDULE 26
IDAHO POWER COMPANY
ELECTRIC SERVICE RATE
FOR
MICRON TECHNOLOGY, INC.
BOISE, IDAHO
SPECIAL CONTRACT DATED MARCH 9, 2022, AMENDED MAY 31, 2023
(Continued)
RENEWABLE RESOURCE AGREEMENTS
Calculation of the Monthly Unadjusted Renewable Capacity Credit for each Project is quantified in the tables
below. The Monthly Adjusted Renewable Capacity Credit will be provided to Micron monthly, starting the
month of the Project's Renewable Capacity Credit Eligibility Date (as defined in Table 3) or the month
following the respective Project's commercial operation date, whichever is later, and will remain in effect for
the duration of the term of the Renewable Resource PPA or the period of time during which the Idaho
Power-owned Renewable Resource will provide Project Output to Micron, as applicable. The Monthly
Adjusted Renewable Capacity Credit will be provided in accordance with Revised Exhibit 1 of Micron's
Special Contract, dated March 9, 2022, as amended.
TABLE 1: RENEWABLE CAPACITY CREDIT
a b c d e f h
Project Most Recently Project Capacity Renewable Renewable Renewable Annual Micron Micron's
Acknowledged Nameplate Contribution Capacity Capacity Oapaeity Renewable Proiect Annual RCC"
IRP (kW AC) Factor Contribution Credit Rate Credit RCC Eapaeity Output c*d*e*
(a*b) R( CC) Adjustment Ored#RCC Share
$/kW- r c*d*e
lack 2019 40,000 0.3642 14,568 $121.19 1.0 $1,765,495.91 0.75 $1,324,121.94
esa
Energy
LC
*Table 2 denotes the Monthly Unadjusted Renewable Capacity Credit.
'Table 3 denotes each project's date of eligibility for the Annual Renewable Capacity Credit.
TABLE 2: MONTHLY UNADJUSTED RENEWABLE CAPACITY CREDIT BY MONTH
Jan Feb June July Aug Sept Oct Nov Dec
Black $92,689 $92,689 $'�^�2 $617,924 $308,962 $79 447 $79,447 $92,689 $92,689
Mesa 69,517 69,517 231,721 463,442 231,721 59,585 59,585 69,517 69,517
Energy
LLCM
TABLE 3: ELIGIBILITY DATE FOR RENEWABLE CAPACITY CREDIT
Project PPA Execution Date 7 pacity Deficiency Year Renewable Capacity Credit Eligibility Date
Black Mesa 2/16/2022 2026 7/1/2026
Energy LLC
'Amounts to be adjusted by the Performance Ratio Adjustment Factor,which is calculated pursuant to the methodology
detailed in Case No. IPC-E-22-06,Attachment 1 to Idaho Power Company's Compliance Filing dated December 23, 2022, as
approved in Order No. 35735(Apr. 12,2023),to determine the Monthly Adjusted Renewable Capacity Credit.Amounts shown
are for Micron's assigned Proiect Output of 30 MW and will be adjusted for each month that Micron's assigned Proiect Output
is greater than 30 MW.
IDAHO Issued by IDAHO POWER COMPANY
Issued per Order No. 3604236302 Timothy E. Tatum, Vice President, Regulatory Affairs
Effective— January 1, 2024September 1, 2024 1221 West Idaho Street, Boise, Idaho