20250213Compliance Filing.pdf

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RECEIVED
Thursday, February 13, 2025
LISA D. NORDSTROM IDAHO PUBLIC
Lead Counsel UTILITIES COMMISSION
Inordstrorn aDidahopowerxom
February 13, 2025
VIA ELECTRONIC DELIVERY
Monica Barrios-Sanchez, Secretary
Idaho Public Utilities Commission
11331 W. Chinden Boulevard
Building 8, Suite 201-A
Boise, Idaho 83714
Re: Case No. IPC-E-01-16 - Compliance Filing — Changes to Energy Risk
Management Policy and Standards— November 2024 Update
Dear Ms. Barrios-Sanchez:
Section 4.2 of the Idaho Power Energy Risk Management Standards ("Standards"),
adopted pursuant to the Idaho Power Energy Risk Management Policy ("Policy"), requires that all
modifications to the Standards and Policy be documented and that material revisions be filed with
the Idaho Public Utilities Commission ("Commission") upon approval by the Audit Committee of
the Board of Directors of Idaho Power Company ("Idaho Power" or "Company"). Accordingly,
enclosed are:
• A confidential clean and redlined version of the Policy.
• A confidential copy of the updated Standards as approved by the Audit Committee
of the Board of Directors in November 2024.
• A confidential redlined version of the Standards.
• A Counsel Certificate certifying that these changes were approved by the Idaho
Power Audit Committee.
Idaho Power modified the Standards and Policy to:
• Incorporate Appendix F Risk Guidelines for the 2025-2026 Power Cost Adjustment
year, which were developed by Idaho Power with input from the Customer Advisory
Group, and
• Make routine updates and immaterial formatting and punctuation changes that have
not otherwise affected the content of the document.
The Policy and Standards contain wholesale market strategy that is commercially
sensitive and if disclosed freely could subject Idaho Power or its customers to risk of competitive
disadvantage or other business injury. The undersigned attorney, in accordance with RP 67,
certifies that the Policy and Standards contain information that is a trade secret as described in
Idaho Code§74-101, et seq., and §48-801, et seq., and as such is exempt from public inspection,
examination, or copying.

Monica Barrios-Sanchez, Secretary February 13, 2025
Page 2
Please note that this annual documentation filing identifies updated components of the
Policy and Standards; it is distinct from the Company's request in Case No. IPC-E-25-02 to
materially modify its risk management structure. If you have any questions, please contact me at
[phone].
Sincerely,
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Lisa D. Nordstrom
LDN:cd
Enclosures
cc: Chris McEwan (w/encls.)

CERTIFICATE OF ATTORNEY
ASSERTION THAT INFORMATION CONTAINED IN AN IDAHO PUBLIC UTILITIES
COMMISSION FILING IS PROTECTED FROM PUBLIC INSPECTION
Idaho Power Company's Compliance Filing
Changes to Energy Risk Management Policy and Standards
November 2024 Update
Case No. IPC-E-01-16
The undersigned attorney, in accordance with Commission Rules of Procedure 67,
believes that the Attachment Nos. 1-3 to Idaho Power Company's Compliance Filing
dated February 13, 2025, may contain information that Idaho Power Company and a third
party claims is a confidential trade secret as described in Idaho Code § 74-101, et seq.,
and/or § 48-801 , et seq. As such, it is protected from public disclosure and exempt from
public inspection, examination, or copying.
DATED this Thursday, February 13, 2025.
Lisa Nordstrom
Counsel for Idaho Power Company

IDAHO POWER COMPANY
COUNSEL CERTIFICATE
I, Brian Bishop, in my capacity as Senior Counsel of Idaho Power Company, an Idaho
corporation ("Idaho Power"), do hereby certify on behalf of Idaho Power that at a regular meeting
of the Audit Committee of the Board of Directors of Idaho Power (the "Committee") held on
November 21, 2024, the Committee adopted the following resolution:
RESOLVED, that the amendments to Idaho Power Company's Energy Risk
Management Standards, in the form or substantially the form presented to the
Audit Committee at this meeting under Item H of the meeting agenda, are hereby
approved.
IN WITNESS WHEREOF, the undersigned has executed this certificate on behalf of Idaho
Power Company, in his capacity as legal counsel to Idaho Power and not in his individual capacity,
as of January 14, 2025.
IDAHO POWER COMPANY
By:
Brian Bishop
Senior Counsel