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HomeMy WebLinkAbout20250304Decision Memo.pdf DECISION MEMORANDUM TO: COMMISSIONER LODGE COMMISSIONER HAMMOND COMMISSIONER HARDIE COMMISSION SECRETARY COMMISSION STAFF LEGAL FROM: MICHAEL ELDRED, COMMISSION STAFF ADAM TRIPLETT,DEPUTY ATTORNEY GENERAL DATE: MARCH 4, 2025 SUBJECT: IN THE MATTER OF ROCKY MOUNTAIN POWER' S APPLICATION FOR AUTHORITY TO INCREASE ITS RATES AND CHARGES IN IDAHO; CASE NO. PAC-E-24-04. BACKGROUND On May 31, 2024, PacifiCorp dba Rocky Mountain Power("Company") applied for authority to increase its Idaho jurisdictional revenue requirement by $ 92.4 million, or approximately 26.8 percent. Application at 2. The Company also proposed increasing its revenue requirement by $66.7 million, or 19.4 percent, effective January 1, 2025, with a second increase of$25.7 million, or 7.4 percent, effective January 1, 2026. Id. at 3 On December 6, 2024, the Company filed a proposed Settlement Stipulation ("Settlement")with the Commission. On December 19, 2024, the Commission issued a Notice of the Proposed Settlement, amended the procedural schedule, and provided notice of a written comment deadline for customers. Order No. 36424. On January 31, 2025, the Commission issued Order No. 36452 approving the Proposed Settlement("Settlement") with a modified effective date of February 1, 2025. In that Order, the Commission directed the Company to submit copies of its proposed tariffs, including a copy of its proposed Schedule 74 that was omitted from Exhibit No. 61, with an effective date of February 1, 2025, as a compliance filing within 14 days of the service date of the Order. DECISION MEMORANDUM - 1 - MARCH 4, 2025 STAFF REVIEW On February 13, 2025, the Company submitted a Compliance Filing that contained proposed tariffs including Schedule 74 with an effective date of February 1, 2025, and a declaration from Richard A. Vail, attesting that the Gateway South transmission project is in service. Staff reviewed the proposed tariffs and confirmed that the rates in the tariffs are accurately determined and consistent with the Settlement that was approved by the Commission. Order No. 36452. Staff also reviewed the declaration from Richard A Vail, attesting that the Gateway South transmission project is in service. Staff believes the declaration satisfies the agreement made by the parties as stipulated in paragraph 11 of the Settlement. RECOMMENDATION Staff recommends the Commission approve the proposed tariffs submitted on February 13, 2025, as filed. COMMISSION DECISION Does the Commission wish to approve the proposed tariffs submitted on February 13, 2025, as filed? s Michael Eldred Commission Staff C\Utility\UDMEMOS\PAC-E-24-04 Decision Memo.docx DECISION MEMORANDUM - 2 - MARCH 4, 2025