20241007News Release.pdf

Idaho Public Utilities Commission Brad Wile,Govemor
P.O. Boot 83720, Boise, ID 83720-0074
Eric AnderM President
�- John R.HamnwA Jr,Cn mWoner
Edward Lodge,Commissioner
Case No. AVU-E-24-07
Order No. 36339
Case No. AVU-E-24-08
Order No.36335
Contact: Adam Rush
Office: [phone]
E-mail: [e-mail]
NEWS RELEASE: Commission approves fixed cost adjustment and power cost adjustment
applications for electric utility.
BOISE (Oct. 7, 2024)—The Idaho Public Utilities Commission has approved two applications
from Avista Utilities that will result in a decrease in rates the utility's customers pay.
Avista Utilities filed a power cost adjustment (PCA) and a fixed cost adjustment (FCA)with the
commission in late July.
The PCA is an annual rate adjustment that is made to reflect the difference between the actual
cost of generating and buying electric power to serve customers and the cost currently included
in customer rates. Avista Utilities said that over the last year,power supply costs were lower than
those included in retail rates due to higher wholesale electric gas prices. The PCA was adjusted
after being reviewed by commission staff.
The FCA is a mechanism designed to break the link between a utility's revenues and customers'
energy usage. According to Avista Utilities, the proposed FCA rate adjustments were primarily
driven by variations in 2023 customer usage related to weather and savings from participating in
energy programs.
Residential electric customers in Idaho using an average of 927 kilowatt hours per month will
see their monthly bills decrease from $104.18 to $101.09, a decrease of$3.09 each month
beginning Oct. 1, 2024.
Additional information on the commission's approval and the filings from Avista is available at:
puc.idaho.gov/case/Details/7343 and puc.idaho.gov/case/Details/7344.