20250102News Release.pdf

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�' 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. IPC-E-24-07
Order No. 36438
Contact: Adam Rush
Office: [phone]
E-mail: [e-mail]
NEWS RELEASE: Commission issues decision in Idaho Power rate case.
BOISE (Jan. 2, 2025)—The Idaho Public Utilities Commission has granted Idaho Power a 3.73
percent increase in base revenue.
In its application to the commission seeking the rate increase, Idaho Power said revenue from
current rates is not sufficient to cover planned investments, increased labor costs and other
inflationary pressures. If the application had been approved as filed, rates would have gone up
between 7.25 percent and 9.50 percent for residential, small general service, large general
service, large power and irrigation customers.
In its decision issued Dec. 31, 2024, the commission granted Idaho Power a 3.73 percent
increase in base revenue. This will increase the utility's annual revenue by $50,605,147. In its
application, Idaho Power had asked for a $99,293,220 increase in annual revenue. That amount
represented a 7.31 percent increase in base revenue.
The new rates take effect Jan. 1, 2025.
Additional information is available at: puc.idaho.gov/case/Details/7268.