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HomeMy WebLinkAbout20250725Compliance Filing.pdf ®IQAHO R® RECEIVED GRANT T.ANDERSON July 25, 2025 Pricing and Tariff Manager IDAHO PUBLIC ganderson(a)idahopower.com UTILITIES COMMISSION July 25, 2025 Commission Secretary Idaho Public Utilities Commission 11331 W. Chinden Boulevard Building 8, Suite 201-A Boise, Idaho 83714 Re: Case No. IPC-E-24-42 Idaho Power Company's Application for Approval of a Power Purchase Agreement with Blacks Creek Energy Center, LLC Dear Commission Secretary: Idaho Power Company hereby submits the attached compliance filing in the above- captioned proceeding pursuant to Idaho Public Utilities Commission Order No. 36684, which includes modifications to its Schedule 33 — Special Contract for Brisbie, LLC. The following tariff sheets are submitted for Commission approval: Third Revised Sheet No. 33-4 Cancelling Second Revised Sheet No. 33-4 First Revised Sheet No. 33-5 Cancelling Original Sheet No. 33-5 If you have any questions about the attached documents, please do not hesitate to contact me. Sincerely, ,4 wit, Grant T. Anderson GA:cd Attachments 1221 W. Idaho St(83702) P.O.Box 70 Boise, ID 83707 Idaho Power Company Third Revised Sheet No. 33-4 Cancels I.P.U.C. No. 30, Tariff No. 101 Second Revised Sheet No. 33-4 SCHEDULE 33 IDAHO POWER COMPANY ELECTRIC SERVICE RATE FOR BRISBIE, LLC. (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 Brisbie, LLC 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 Brisbie, LLC as applicable. The Monthly Adjusted Renewable Capacity Credit will be provided in accordance with Second Revised Exhibit 3.1 of Brisbie, LLC's Special Contract, dated December 22, 2021, as amended. TABLE 1: RENEWABLE CAPACITY CREDIT a b c d e f Project Most Recently Project Capacity Renewable Renewable Renewable Annual Acknowledged Nameplate Contribution Capacity Capacity Capacity Renewable IRP (kW AC) Factor Contribution Credit Rate Credit Capacity (a * b) ($/kW-yr) Adjustment Credit*+ (c*d*e) Pleasant 2019 200,000 0.3121 62,420 $121.19 1.0 $7,564,680 Valley Solar LLC Pleasant 2021 125,000 0.3154 39,425 $131.60 1.0 $5,188,330 Valley Solar 2 LLC Blacks 2023 320,000 0.1750 56,000 $145.94 1.0 $8,172,640 Creek Energy Center, LLC *Table 2 denotes the Monthly Unadjusted Renewable Capacity Credit. 'Table 3 denotes each project's date of eligibility for the Annual Renewable Capacity Credit. IDAHO Issued by IDAHO POWER COMPANY Issued per Order No.36684 Timothy E. Tatum, Vice President, Regulatory Affairs Effective —July 22, 2025 1221 West Idaho Street, Boise, Idaho Idaho Power Company First Revised Sheet No. 33-5 Cancels I.P.U.C. No. 30, Tariff No. 101 Original Sheet No. 33-5 SCHEDULE 33 IDAHO POWER COMPANY ELECTRIC SERVICE RATE FOR BRISBIE, LLC. (Continued) Renewable Resource Agreements (Continued) TABLE 2: MONTHLY UNADJUSTED RENEWABLE CAPACITY CREDIT BY MONTH Project Jan Feb Mar June July Aug Sept Oct Nov Dec Pleasant $416,057 $416,057 -- $1,380,554 $2,761,108 $1,380,554 $189,117 $189,117 $416,057 $416,057 Valley Solar LLC' Pleasant $324,271 $324,271 $17,294 $959,841 $1,919,682 $959,841 $17,294 $17,294 $324,271 $324,271 Valley Solar 2 LLCZ Flacks Creek $343,251 $343,251 -- $1,076,064 $2,152,129 $2,152,129 $1,076,064 $343,251 $343,251 $343,251 Energy enter,LLC3 TABLE 3: ELIGIBILITY DATE FOR RENEWABLE CAPACITY CREDIT Project PPA Execution Date Capacity Deficiency Year Renewable Capacity Credit Eligibility Date leasant 10/27/2022 2023 6/1/2023 Valley Solar LC leasant 12/5/2023 2023 6/1/2023 Valley Solar 2 LC Blacks Creek 10/11/2024 2026 6/1/2026 nergy Center LC 1 Amounts to be adjusted by the Performance Ratio Adjustment Factor,which is calculated pursuant to the methodology detailed in Case No. IPC-E-21-42,Attachment 1 to Idaho Power Company's Compliance Filing dated August 9, 2023,as approved in Order No. 35777(May 11,2023),to determine the Monthly Adjusted Renewable Capacity Credit. 2 Amounts to be adjusted by the Performance Ratio Adjustment Factor,which is calculated pursuant to the methodology detailed in Case No. IPC-E-24-01,Attachment 2 to Idaho Power Company's Compliance Filing dated June 18,2024, as approved in Order No. 36270(July 26, 2024), to determine the Monthly Adjusted Renewable Capacity Credit. 3 Amounts to be adjusted by the Performance Ratio Adjustment Factor,which is calculated pursuant to the methodology detailed in Case No. IPC-E-24-42,Attachment 1 to Idaho Power Company's Compliance Filing dated June 23,2025, as approved in Order No. 36684(July 22, 2025), to determine the Monthly Adjusted Renewable Capacity Credit. IDAHO Issued by IDAHO POWER COMPANY Issued per Order No.36684 Timothy E. Tatum, Vice President, Regulatory Affairs Effective—July 22, 2025 1221 West Idaho Street, Boise, Idaho Idaho Power Company SeGend Third Revised Sheet No. 33-4 Cancels I.P.U.C. No. 30, Tariff No. 101Second Revised Sheet No. 33-4 SCHEDULE 33 IDAHO POWER COMPANY ELECTRIC SERVICE RATE FOR BRISBIE, LLC. (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 Brisbie, LLC 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 Brisbie, LLC as applicable. The Monthly Adjusted Renewable Capacity Credit will be provided in accordance with Second Revised Exhibit 3.1 of Brisbie, LLC's Special Contract, dated December 22, 2021, as amended. TABLE 1: RENEWABLE CAPACITY CREDIT a b c d e f Project Most Recently Project Capacity Renewable Renewable Renewable Annual Acknowledged Nameplate Contribution Capacity Capacity Capacity Renewable IRP (kW AC) Factor Contribution Credit Rate Credit Capacity (a * b) ($/kW-yr) Adjustment Credit` c*d*e Pleasant 2019 200,000 0.3121 62,420 $121.19 1.0 $7,564,680 Valley Solar LLC Pleasant 2021 125,000 0.3154 39,425 $131.60 1.0 $5,188,330 Valley Solar 2 LLC Blacks 2023 320,000 0.1750 56,000 $145.94 10 $8,172,640 Creek Energy Center, LLC *Table 2 denotes the Monthly Unadjusted Renewable Capacity Credit. 'Table 3 denotes each project's date of eligibility for the Annual Renewable Capacity Credit. IDAHO Issued by IDAHO POWER COMPANY Issued per Order No. 36393 & 36 36684 Timothy E. Tatum, Vice President, Regulatory Affairs Effective— November 8, 2024 July 22, 2025 1221 West Idaho Street, Boise, Idaho Idaho Power Company First Revised Sheet No. 33-5 Cancels I.P.U.C. No. 30, Tariff No. 101 Original Sheet No. 33-5 SCHEDULE 33 IDAHO POWER COMPANY ELECTRIC SERVICE RATE FOR BRISBIE, LLC. (Continued) Renewable Resource Agreements (Continued) TABLE 2: MONTHLY UNADJUSTED RENEWABLE CAPACITY CREDIT BY MONTH Project Jan Feb Mar June July Aug Sept Oct Nov Dec Pleasant $416,057 $416,057 -- $1,380,554 $2,761,108 $1,380,554 $189,117 $189,117 $416,057 $416,057 Valley Solar LLC' Pleasant $324,271 $324,271 $17,294 $959,841 $1,919,682 $959,841 $17,294 $17,294 $324,271 $324,271 Valley Solar 2 LLCZ lacks Creek $343,251 $343,251 - $1,076,064 $2,152,129 $2,152,129 $1,076,064 $343,251 $343,251 $343,251 Energy enter,LLC3 TABLE 3: ELIGIBILITY DATE FOR RENEWABLE CAPACITY CREDIT Project PPA Execution Date Capacity Deficiency Year Renewable Capacity Credit Eligibility Date leasant 10/27/2022 2023 6/1/2023 Valley Solar LC leasant 12/5/2023 2023 6/1/2023 Valley Solar 2 LC Blacks Creek 10/11/2024 2026 6/1/2026 Energy Center LC Amounts to be adjusted by the Performance Ratio Adjustment Factor,which is calculated pursuant to the methodology detailed in Case No. IPC-E-21-42,Attachment 1 to Idaho Power Company's Compliance Filing dated August 9, 2023,as approved in Order No. 35777(May 11,2023),to determine the Monthly Adjusted Renewable Capacity Credit. 2 Amounts to be adjusted by the Performance Ratio Adjustment Factor,which is calculated pursuant to the methodology detailed in Case No. IPC-E-24-01,Attachment 2 to Idaho Power Company's Compliance Filing dated June 18,2024, as approved in Order No. 36270(July 26, 2024), to determine the Monthly Adjusted Renewable Capacity Credit. 3 Amounts to be adjusted by the Performance Ratio Adjustment Factor,which is calculated pursuant to the methodology detailed in Case No. IPC-E-24-42,Attachment 1 to Idaho Power Company's Compliance Filing dated June 23,2025, as approved in Order No. 36684(July 22, 2025),to determine the Monthly Adjusted Renewable Capacity Credit. IDAHO Issued by IDAHO POWER COMPANY Issued per Order No. 3627036684 Timothy E. Tatum, Vice President, Regulatory Affairs Effective— 'uly 26 2n`'^ July 22, 2025 1221 West Idaho Street, Boise, Idaho