20260102Application.pdf

HIQAW POWER.
RECEIVED
DONOVAN WALKER JANUARY 2, 2026
Lead Counsel IDAHO PUBLIC
dwalker(a)idahopowerxom UTILITIES COMMISSION
January 2, 2026
Commission Secretary
Idaho Public Utilities Commission
11331 W. Chinden Boulevard
Building 8, Suite 201-A
Boise, Idaho 83714
Re: Case No. IPC-E-26-01
Idaho Power Company's Application for Approval or Rejection of the Second
Amendment of the Firm Energy Sales Agreement Between Idaho Power
Company and Cycle Horseshoe Bend Wind, LLC
Dear Commission Secretary:
Attached for electronic filing, please find Idaho Power Company's Application in
the above-entitled matter.
If you have any questions about the attached documents, please do not hesitate
to contact me.
Sincerely,
Donovan Walker
DEW:cd
Attachments
1221 W. Idaho St(83702)
P.O. Box 70
Boise, ID 83707

DONOVAN E. WALKER (ISB No. 5921)
LISA C. LANCE (ISB No. 6241)
Idaho Power Company
1221 West Idaho Street (83702)
P.O. Box 70
Boise, Idaho 83707
Telephone: [phone]
Facsimile: [phone]
dwalker(cDidahopower.com
IlanceCc)_idahopower.com
Attorneys for Idaho Power Company
BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION
IN THE MATTER OF THE APPLICATION ) CASE NO. IPC-E-26-01
OF IDAHO POWER COMPANY FOR )
APPROVAL OR REJECTION OF THE ) APPLICATION
SECOND AMENDMENT TO THE FIRM )
ENERGY SALES AGREEMENT BETWEEN )
IDAHO POWER COMPANY AND CYCLE )
HORSESHOE BEND WIND, LLC. )
Idaho Power Company ("Idaho Power" or "Company"), in accordance with Idaho
Public Utilities Commissions ("Commission") Rule of Procedure 52 and the applicable
provisions of the Public Utility Regulatory Policies Act of 1978 ("PURPA"), hereby
respectfully applies to the Idaho Public Utilities Commission ("Commission") for an order
accepting the Second Amendment to the Firm Energy Sales Agreement between Idaho
Power Company and Cycle Horseshoe Bend Wind, LLC. ("Amendment"). In support of
this Application, Idaho Power represents as follows:
APPLICATION - 1

I. INTRODUCTION AND BACKGROUND
1. Idaho Power and United Materials of Great Falls, Inc. ("UM") entered into a
Firm Energy Sales Agreement ("ESA") pursuant to PURPA on January 6, 2004, for the
purchase and sale of energy produced by UM's facility, Horseshoe Bend Wind Park
("Facility"). The Facility is a nine-megawatt PURPA wind generation qualifying facility
("QF") located near Great Falls, Montana. This ESA is the first wind energy sales
agreement that was executed by Idaho Power. The ESA was approved by the
Commission on April 23, 2004. Order No. 29479, Case No. IPC-E-04-01. Idaho Power
and UM also entered into a letter agreement dated December 31, 2007, to allow the
Project to purchase energy reserves from parties other than Northwestern.
2. Idaho Power and UM entered into a First Amendment to the ESA in 2014,
in order to comply with the terms and conditions approved by the Commission in Order
No. 33053. Order 33053 allowed any existing PURPA QF that had a contract ESA
containing language with a reference to the "Dow Jones Mid-C" in determining "Avoided
Energy Cost" be amended to replace the Dow Jones Mid-C index with the ICE index. The
First Amendment was approved by the Commission on August 29, 2014. Order No.
33110, Case No. IPC-E-14-21.
3. The ESA, Letter Agreement, and First Amendment were collectively
assigned from United Materials of Great Galls, Inc. to Cycle Horseshoe Bend Wind, LLC
on June 23, 2017.
4. The ESA "Base Energy Purchase Price" in Article 7.1 of the ESA consists
of a table of energy prices in accordance with the Idaho Public Utilities Commission
("IPUC") Order No. 29391, with seazonalization factors applied for years 2004 to 2025.
APPLICATION - 2

5. The ESA's scheduled Commercial Operation Date was December 31,
2004, which led to an initially estimated last contract year of 2024, however, the ESA's
actual Termination Date is February 28, 2026, based on the 20-year term from the Actual
Commercial Operation Date of February 28, 2006. The pricing table contained in Article
7.1 of the ESA contains prices directly from the Commission's approved published
avoided cost rate table in Order No. 29391 and covers the years 2004 through 2025.
However, the ESA's twenty-year term runs through February 2026. The Second
Amendment is necessary to add the year 2026 published avoided cost pricing from the
Commission's Order No. 29391 to the text of the ESA.
II. THE AMENDMENT
6. Idaho Power and Cycle Horseshoe Bend Wind, LLC have agreed to amend
the ESA to add to the table in Article 7.1 "Base Energy Purchase Price" to cover the
pricing for the final two months of the ESA. Attached hereto as Attachment 1, and
incorporated herein by this reference, is the executed Second Amendment to the Firm
Energy Sales Agreement Between Idaho Power Company and Cycle Horseshoe Bend
Wind, LLC. The Amendment adds the table below following pricing from Order No. 29391
with seazonalization factors applied for years 2004 to 2025. See Attachment 2 Order No.
29391 .
Season 1 - (73.501:) Season 2 - (120.001=) Season 3- (100.00-:)
Year Mills/kWh Mills/kWh Mills/kWh
2026 56.37 92.04 76.70
APPLICATION - 3

III. PROCEDURE
7. Given the limited scope of the Second Amendment and the timing
considerations, Idaho Power requests that the Commission approve the proposed
Amendment upon Staff's review and without further process or procedure.' The addition
of Year 2026 pricing comes directly from the published avoided cost rate table approved
by the Commission in Order No. 29391 that was locked in as the applicable mandatory
purchase, legally enforceable obligation for this contract upon its execution and approval.
The FESA will run its full term in February 2026, and approval of adding the previously
approved Year 2026 pricing to the text of the contract via the Amendment as soon as
possible is requested.
8. Alternatively, should the Commission determine that further process is
required, Idaho Power believes a hearing is not necessary to consider the issues
presented herein and respectfully requests that this Application be processed under
Modified Procedure; i.e. by written submissions rather than by hearing. RP 201, et seq.
IV. COMMUNICATIONS AND SERVICE OF PLEADINGS
9. Communications and service of pleadings, exhibits, orders, and other
documents relating to this proceeding should be sent to the following:
The First Amendment to this ESA was approved in this manner, without further process or procedure, in
IPC-E-14-21, Order No. 33110, as were several other several other"Dow Jones Mid-C"Amendments as
well as several other limited scope Amendments. See, IPC-E-14-37 (twelve Amendments), IPC-E-15-10
(three Amendments), IPC-E-15-11, IPC-E-15-12, IPC-E-15-21, IPC-E-15-22, IPC-E-15-27, IPC-E-16-26,
IPC-E-16-36, IPC-E-16-37, IPC-E-16-38, IPC-E-17-05, and IPC-E-17-09.
APPLICATION -4

Donovan E. Walker Energy Contracts
Lisa C. Lance Idaho Power Company
IPC Dockets 1221 West Idaho Street (83702)
1221 West Idaho Street (83702) P.O. Box 70
P.O. Box 70 Boise, Idaho 83707 Boise, Idaho 83707
dwalker _idahopower.com Energycontracts(cD-idahopower.com
Ilance idahopower.com
dockets(c)_idahopower.com
V. REQUEST FOR RELIEF
10. Idaho Power respectfully request that the Commission issue an order
accepting the Second Amendment to the Firm Energy Sales Agreement between Idaho
Power Company and the Cycle Horseshoe Bend Wind, LLC submitted herewith without
change or condition.
Respectfully submitted this 2nd day of January 2026.
DONOVAN E. WALKER
Attorney for Idaho Power Company
APPLICATION - 5

CERTIFICATE OF SERVICE
I HEREBY CERTIFY that on this 2nd day of January 2026, 1 served a true and
correct copy of the within and foregoing APPLICATION upon the following named parties
by the method indicated below, and addressed to the following:
Commission Secretary Hand Delivered
Idaho Public Utilities Commission U.S. Mail
11331 W. Chinden Blvd., Bldg No. 8 Overnight Mail
Suite 201-A (83714) Fax
PO Box 83720 X Email: secreiary�puc.idaho.gov
Boise, ID 83720-0074
Courtesy Copy Sent via e-mail to:
Peter Blood,Cycle Horseshoe Bend Wind, LLC — [e-mail]
a I .
4b4__
Christy Davenport, Legal Assistant
APPLICATION - 6

BEFORE THE
IDAHO PUBLIC UTILITIES COMMISSION
CASE NO. IPC-E-26-01
IDAHO POWER COMPANY
ATTACHMENT NO. 1

Docusign Envelope ID:772BC119-DE82-4A27-BC2D-9A4E2D546ECE
SECOND AMENDMENT
TO THE
FIRM ENERGY SALES AGREEMENT
BETWEEN
IDAHO POWER COMPANY
AND
CYCLE HORSESHOE BEND WIND, LLC
This Second Amendment of the Firm Energy Sales Agreement ("ESA" or "Agreement")
is entered into on this 30th day of December 2025, by and between Idaho Power Company, an
Idaho corporation("Idaho Power"or"Buyer"), and Cycle Horseshoe Bend Wind, LLC ("Seller"),
(individually a"Party" and collectively the "Parties").
WHEREAS, IPC and Seller acknowledge that they are parties to the ESA dated January
6,2004,as amended by the letter agreement dated October 29,2007(the"Letter Agreement"), and
by the First Amendment to ESA dated June 24,2014(the"First Amendment').The ESA,the Letter
Agreement and the First Amendment were collectively assigned from United Materials of Great
Falls, Inc. to Cycle Horseshoe Bend Wind, LLC on June 23, 2017;
WHEREAS, Article 7.1 "Base Energy Purchase Price" consists of a table of energy prices
in accordance with Idaho Public Utilities Commission ("IPUC") Order No. 29391, with
seasonalization factors applied, for years 2004 to 2025;
WHEREAS, while the ESA's Scheduled Commercial Operation Date was December 31,
2004, which led to an initially estimated last contract year of 2024, the ESA's actual Termination
Date is February 28, 2026,based on the 20-year term from the actual Commercial Operation Date
of February 28, 2006;
WHEREAS, Parties have identified that rates for 2026 from Order No. 29391 need to be
added to Article 7.1 to ensure that the ESA reflects the authorized rates through the entirety of the
ESA's Term.
NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, and intending to be
legally bound, the Parties hereto agree as follows:
1. Incorporation of Recitals. The above-stated recitals are incorporated into and made a
part of this Second Amendment by this reference to the same extent as if these recitals were set
forth in full at this point.
2. Amendment. Add to the table in Article 7.1 "Base Energy Purchase Price"the following:
Energy Sales Agreement
Project: 41718140 Cycle Horseshoe Bend Wind,LLC
Second Amendment-Page 1 of 3

Docusign Envelope ID:772BC119-DE82-4A27-BC2D-9A4E2D546ECE
Season 1- (73.505A) Season 2 - (120.00�!) Season 3- (100.005A)
Year Mills/kWh Mills/kWh Mills/kWh
2026 56.37 92.04 76.70
3. Commission Approval. The obligations of the Parties under this Second Amendment are
subject to the IPUC's approval of this Second Amendment, and such approval being upheld on
appeal, if any, by a court of competent jurisdiction. The Parties will submit this Second
Amendment to the IPUC and request approval or rejection in its entirety. Any payments made by
Idaho Power for generation delivered in January or February 2026 will be considered preliminary
until such approval is obtained, and any such payments will be subject to true up or adjustment to
reflect final IPUC-approved pricing.
4. Effect of Amendment. Except as expressly amended by this Second Amendment, the
Agreement, as amended, shall remain in full force and effect.
5. Capitalized Terms. All capitalized terms used in this Second Amendment and not defined
herein shall have the same meaning as used in the Agreement, as amended.
6. Scope of Amendment. This Second Amendment shall be binding upon and inure to the
benefit of the Parties hereto, and their respective heirs, executors, administrators, successors, and
assigns, who are obligated to take any action which may be necessary or proper to carry out the
purpose and intent thereof.
7. Authority. Each Party represents and warrants that (i) it is validly existing and in good
standing in the state in which it is organized, (ii) it is the proper party to amend the Agreement,
and(iii) it has the requisite authority to execute this Second Amendment.
8. Counterparts. This Second Amendment may be executed in any number of counterparts,
each of which shall be deemed an original and all of which taken together shall constitute a single
instrument.
Energy Sales Agreement
Project: 41718140 Cycle Horseshoe Bend Wind,LLC
Second Amendment-Page 2 of 3

Docusign Envelope ID:772BC119-DE82-4A27-BC2D-9A4E2D546ECE
IN WITNESS WHEREOF, the Parties hereto have caused this Second Amendment to be
duly executed as of the date above written.
CYCLE HORSESHOE BEND WIND,LLC IDAHO POWER COMPANY
By: TOSHINORI KAWAHARA By: 21"', N. A14V.-,,
Name: Toshinori Kawahara Name: Ryan Adelman
Title: Board of Managers Title: VP of Power Supply
Date: 12/31/2025 Date: 12/31/2025
Energy Sales Agreement
Project: 41718140 Cycle Horseshoe Bend Wind,LLC
Second Amendment-Page 3 of 3

BEFORE THE
IDAHO PUBLIC UTILITIES COMMISSION
CASE NO. IPC-E-26-01
IDAHO POWER COMPANY
ATTACHMENT NO. 2

Office of the Secretary
Service Date
December 5,2003
BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION
IN THE MATTER OF THE REVISION AND )
UPDATED CALCULATION OF THE ) CASE NOS. AVU-E-03-8
AVOIDED COST RATES FOR AVISTA ) IPC-E-03-15
CORPORATION DBA AVISTA UTILITIES, ) PAC-E-03-12
FOR IDAHO POWER COMPANY AND FOR )
PACIFICORP DBA UTAH POWER AND ) ORDER NO. 29391
LIGHT COMPANY. )
The Idaho Public Utilities Commission in Order No. 29124, Case No. GNR-E-02-1
ordered several changes to the variables and manner in which avoided cost rates are to be
computed for projects smaller than 10 MW. Among the ordered changes were abandonment of
the utility first deficit year, changes in cost variables associated with a combined cycle
combustion turbine and changes in the manner in which fuel costs are determined.
More specifically for fuel costs, the Commission chose to adopt the medium fuel
price forecast prepared by the Northwest Power and Conservation Council (formerly the
Northwest Power Planning Council) along with the method for establishing the starting year gas
price and escalation rate proposed by the Idaho Independent Energy Producers. Order No. 29124
states that natural gas prices can be updated when a new Northwest Power and Conservation
Council forecast becomes available.
A new fuel price forecast was prepared by the Council on April 22, 2003. Staff has
used this forecast to compute new avoided cost rates for projects smaller than 10 MW according
to the revised methodology spelled out in Order No. 29124. A copy of the revised fuel price
forecast, computation of starting year gas price and escalation rate, and Staff computation of the
resultant avoided cost rates was provided to PacifiCorp, Idaho Power and Avista for their review.
All utilities by letter accept the calculated rate schedules as accurate.
Under the revised fuel price forecast of the Northwest Power & Conservation
Council, the starting gas price increases from $3.75/mmbtu to $4.40/mmbtu; the fuel escalation
rate decreases from 2.6%to 2.4%.
ORDER NO. 29391 1

Commission Findings
The Commission has reviewed the filings of record in Case Nos. AVU-E-03-8, IPC-
E-03-15, and PAC-E-03-12. We have also reviewed our prior Order No. 29124. Pursuant to
Commission approved avoided cost methodology (Order No. 29124) natural gas prices are to be
updated when a new Northwest Power & Conservation Council forecast becomes available. We
find that the medium fuel price forecast prepared by the Northwest Power & Conservation
Council has changed. We find that the resultant change in avoided cost rates is a simple
arithmetic calculation. The new forecast includes a new starting gas price and fuel escalation
rate. The Commission has reviewed and finds the Staff calculated changes in the avoided cost
rates for Idaho Power, Avista and PacifiCorp (see attached) to be accurate. We find it reasonable
to approve the change in avoided cost rates for an effective date of December 15, 2003.
CONCLUSIONS OF LAW
The Idaho Public Utilities Commission has jurisdiction over Avista Corporation dba
Avista Utilities, Idaho Power Company and PacifiCorp dba Utah Power & Light Company,
electric utilities, pursuant to the authority and power granted it under Title 61 of the Idaho Code,
and the Public Utility Regulatory Policies Act of 1978 (PURPA).
The Commission has authority under PURPA and the implementing regulations of
the Federal Energy Regulatory Commission (FERC) to set avoided costs, to order electric
utilities to enter into fixed term obligations for the purchase of energy from qualified facilities,
and to implement FERC rules.
ORDER
In consideration of the foregoing and as more particularly described above, IT IS
HEREBY ORDERED and the Commission does hereby approve the revised starting year gas
price and escalation rate as set forth in the April 22, 2003 medium fuel price forecast prepared by
the Northwest Power& Conservation Council.
IT IS FURTHER ORDERED and the Commission with the changes approved above
does hereby approve the resultant fueled and non-fueled avoided cost rates for Avista
Corporation, Idaho Power Company, and PacifiCorp as detailed in Attachments A, B and C to
this Order for an effective date of December 15, 2003.
ORDER NO. 29391 2

THIS IS A FINAL ORDER. Any person interested in this Order may petition for
reconsideration within twenty-one (21) days of the service date of this Order. Within seven (7)
days after any person has petitioned for reconsideration, any other person may cross-petition for
reconsideration. See Idaho Code § 61-626.
DONE by Order of the Idaho Public Utilities Commission at Boise, Idaho this P-
day of December 2003.
PAUL KJELL ND KhSIDENT
La
MARSHA H. SMITH, COMMISSIONER
ENNIS S. HA SENT,,460MMISSIONER
ATTEST:
0 -
J n D. Jewell
C mmission Secretary
bls/O:AVUE0308 IPCE0315 PACE0312 sw
ORDER NO. 29391 3

AVISTA UTILITIES
AVOIDED COST RATES FOR NON-FUELED PROJECTS
SMALLER THAN TEN MEGAWATTS
December 15, 2003
mills/kWh F, ,
0. ,y LE:VELiZED NOjf Eu \4s. 1 -0,
CONTRACT ON-LINE YEAR
LENGTH CONTRACT NON-LEVELIZED
YEARS 2003 2004 2006 20,06 2007 2008 YEAR RATES
1 44.27 45.32 46.39 47.49 48.62 49.77 2003 44.27
2 44.77 45.83 46.92 48.03 49.17 50.34 2004 45.32
3 45.26 46.34 47.44 48.56 49.72 50.90 2005 46.39
4 45.75 46.84 47.95 49.09 50.25 51.44 2006 47.49
5 46.23 47.33 48.45 49.60 50.78 51.98 2007 48.62
6 46.70 47.81 48.95 50.11 51.30 52.51 2008 49.77
7 47.17 48.28 49.43 50.60 51.80 53.03 2009 50.96
8 47.62 48.75 49.91 51.09 52.30 53.55 2010 52.17
9 48.06 49.20 50.37 51.57 52.79 54.05 2011 53.40
10 48.50 49.65 50.83 52.04 53.27 64.54 2012 54.67
11 48.92 50.09 51.27 52.49 53.74 55.01 2013 55.97
12 49.34 50.51 51.71 52.94 54.20 55.48 2014 57.30
13 49.75 50.93 52.14 53.38 54.64 55.94 2015 58.66
14 50.14 51.33 52.55 53.80 55.08 56.39 2016 60.05
15 50.53 51.73 52.96 54.22 55.50 56.82 2017 61.48
16 50.91 52.12 53.35 54.62 55.92 57.25 2018 62.94
17 51.27 52.49 53.74 55.01 56.32 57.66 2019 64.44
18 51.63 52.86 54.11 55.40 56.71 58.06 2020 65.97
19 51.98 53.21 54.47 55.77 57.09 58.45 2021 67.53
20 52.31 53.56 54.83 56.13 57.46 58.83 2022 69.14
2023 70.78
2024 72.47
2025 74.19
2026 75.95
2027 77.76
2028 79.61
ATTACHMENT A
ORDER NO. 29391
CASE NOS. AVU-E-03-8
IPC-E-03-15
PAC-E-03-12

AVISTA UTILITIES
AVOIDED COST RATES FOR FUELED PROJECTS
SMALLER THAN TEN MEGAWATTS
December 15,2003
mills/kWh
s
4 :? �/� y�fi
�£ � �fTvF-EVELIZED 1GYGJ.4 7J= M 1i1G,t '
r 1
CONTRACT ON-LINE YEAR
_ CONTRACT NON-LEVELIZED
LENGTH
YEARS 2003 2004 2005 2006 2007 2008 YEAR RATE
1 13.03 13.33 13.63 13.95 14.27 14.60 2003 13.03
2 13.17 13.47 13.79 14.10 14.43 14.76 2004 13.33
3 13.31 13.62 13.93 14.26 14.58 14.92 2005 13.63
4 13.45 13.76 14.08 14.40 14.74 15.08 2006 13.95
5 13.59 13.90 14.22 14.55 14.89 15.23 2007 14.27
6 13.72 14.04 14.36 14.70 15.04 15.38 2008 14.60
7 13.86 14.18 14.50 14.84 15.18 15.53 2009 14.94
8 13.99 14.31 14.64 14.98 15.32 15:68 2010 15.28
9 14.11 14.44 14.77 15.11 15.46 15.82 2011 15.64
10 14.24 14.57 14.90 15.25 15.60 15.96 2012 16.00
11 14.36 14.69 15.03 15.38 15.73 16.10 2013 16.37
12 14.48 14.81 15.15 15.50 15.86 16.23 2014 16.75
13 14:59 14.93 15.27 15.63 15.99 16.36 2015 17.13
14 14.71 15.05 15.39 15.75 16.11 16.49 2016 17.53
15 14.82 15.16 15.51 15.87 16.23 16.61 2017 17.94
16 14.92 15.27 15.62 15.98 16.35 16.73 2018 18.35
17 15.03 15.38 15.73 16.09 16.47 16.85 2019 18.78
18 15.13 15.48 15.84 16.20 16.58 16.96 2020 19.21
19 15.23 15.68 15.94 16.31 16.69 17.07 2021 19.66
20 15.32 15.68 16.04 16.41 16.79 17.18 2022 20.12
2023 20.58
2024 21.06
2025 21.55
2026 22.05
2027 22.56
2028 23.09
EFFECTIVE DATE ADJUSTABLE COMPONENT
12/15/2003 31.24
Th:e total avoided cost rate in each year is the sum of the adjustable component and the fixed component from either of the tables
above.
Example 1. A 20-year levelized contract with a 2004 on-line date would receive the following rates:
Years Rate
1 15.68+31.24
2-20 15.68+Adjustable component in each year
Example 2. A 4-year non-levelized contract with a 2004 on-line date would receive the following rates:
Years Rate
1 13.33+31.24
2 13.63+Adjustable component in year 2005
3 13.95+Adjustable component in year 2006
4 14.27+Adjustable component in year 2007
ATTACHMENT A
ORDER NO. 29391
CASE NOS. AVU-E-03-8
IPC-E-03-15
PAC-E-03-12

IDAHO POWER COMPANY
AVOIDED COST RATES FOR NON-FUELED PROJECTS
SMALLER THAN TEN MEGAWATTS
December 15, 2003
millslkWh
ZL VELlz�6 .4 R
CONTRACT ON-LINE YEAR
LENGTH CONTRACT NmOWWLMEN
V.
EL IZED(YEARS) 2003 2004 2005 2006 2007 20108 YEAR RATES
1 44.73 45.79 46.88 47.99 49.13 50.29 2003 44.73
2 45.24 46.31 47.41 48.53 49.68 50.86 2004 45.79
3 45.74 46.82 47.93 49.07 50.23 51.42 2005 46.88
4 46.23 47.32 48.44 49.59 50.77 51.97 2006 47.99
5 46.71 47.82 48.95 50.11 51.30 52.52 2007 49.13
6 47.18 48.30 49.45 50.62 51.82 53.05 2008 50.29
7 47.65 48.78 49.93 51.12 52.33 53.57 2009 51.48
8 48.10 49.24 50.41 51.61 52.83 54.08 2010 52.70
9 48.55 49.70 50.88 52.08 53.32 54.58 2011 53.95
10 48.98 50.15 51.33 52.55 53.80 55.07 2012 55.23
11 49.41 50.58 51.78 53.01 54.27 55.55 2013 56.54
12 49.83 51.01 52.22 53.45 54.72 56.02 2014 57.88
13 50.23 51.42 52.64 63.89 55.17 56.48 2015 59.26
14 50.63 51.83 53.06 54.31 55.60 56.92 2016 60.66
15 51.01 52.22 53.46 54.73 56.02 57.35 2017 62.10
16 51.39 52.60 53.85 55.13 56.44 57.77 2018 63.58
17 51.75 52.98 54.23 55.62 56.84 58.18 2019 65.08
18 52.10 53.34 54.60 55.90 57.22 58.58 2020 66.63
19 52.45 53.69 54.96 56.27 57.60 58.97 2021 68.21
20 52.78 54.03 55.31 56.62 57.97 59.34 2022 69.83
2023 71.49
2024 73.19
2025 74.92
2026 76.70
2027 78.52
2028 80.39
ATTACHMENT B
ORDER NO. 29391
CASE NOS. AVU-E-03-8
IPC-E-03-15
PAC-E-03-12

IDAHO POWER COMPANY
AVOIDED COST RATES FOR FUELED PROJECTS
SMALLER THAN TEN MEGAWATTS
December 15, 2003
mills/kWh
LEVELhZED4
CONTRACT ON-LINE YEAR
LENGTH CONTRACT NON-LEVELIZED
YEARS 2003 2004 2005 2006 2007 2008 YEAR RATES
1 13.49 13.80 14.12 14.44 14.78 15.12 2003 13.49
2 13.64 13.95 14.27 14.60 14.94 15.28 2004 13.80
3 13.79 14.10 14.43 14.76 15.10 15.45 2005 14.12
4 13.93 14.25 14.58 14.91 15.26 15.61 2006 14.44
5 14.07 14.39 14.73 15.06 15.41 15.77 2007 14.78
6 14.21 14.54 14.87 15.21 15.56 15.92 2008 15.12
7 14.34 14.67 15.01 15.36 15.71 16.07 2009 15.46
8 14.48 14.81 15.15 15.50 15.86 16.22 2010 15.82
9 14.61 14.94 15.29 15.64 16.00 16.37 2011 16.19
10 14.73 15.07 15.42 15.78 16.14 16.51 2012 16.56
11 14.86 15.20 15.55 15.91 16.28 16.65 2013 16.94
12 14.98 15.33 15.68 16.04 16.41 16.79 2014 17.33
13 15.10 15.45 15.80 16.17 16.54 16.92 2015 17.73
14 15.21 15.56 15.92 16.29 16.67 17.05 2016 18.14
15 15.33 15.68 16.04 16.41 16.79 17.18 2017 18.56
16 15.43 15.79 16.15 16.53 16.91 17.30 2018 18.99
17 15.54 15.90 16.27 16.64 17.02 17.42 2019 19.43
18 15.64 16.00 16.37 16.75 17.14 17.53 2020 19.88
19 15.74 16.11 16.48 16.86 17.25 17.64 2021 20.34
20 15.84 16.21 16.58 16.96 17.35 17.75 2022 20.81
2023 21.29
2024 21.78
2025 22.28
2026 22.80
2027 23.33
2028 23.87
EFFECTIVE DATE ADJUSTABLE COMPONENT
12/15/2003 31.24
The total avoided cost rate in each year is the sum of the adjustable component and the fixed component from either of the tables
above.
Example 1. A 20-year levelized contract with a 2004 on-line date would receive the following rates:
Years Rate
1 16.21 +31.24
2-20 16.21 +Adjustable component in each year
Example 2, A 4-year non-levelized contract with a 2004 on-line date would receive the following rates:
Years Rate
1 13.80+31.24
2 14.12+Adjustable component in year 2005
3 14.44+Adjustable component in year 2006
4 14.78+Adjustable component in year 2007
ATTACHMENT B
ORDER NO. 29391
CASE NOS. AVU-E-03-8
IPC-E-03-15
PAC-E-03-12

PACIFICORP
AVOIDED COST RATES FOR NON-FUELED PROJECTS
SMALLER THAN TEN MEGAWATTS
December 15, 2003
mills/kWh
LEVELIZED
CONTRACT ON-LINE YEAR
LENGTH CONTRACT NON-LEVELIZED
YEARS 2003 2004 2005 2006 2007 2008 YEAR RATES
I
1 44.96 46.03 47.12 48.24 49.38 50.55 2003 44.96.
2 45.47 46.55 47.65 48.78 49.93 51.12 2004 46.03
3 45.97 47.06 48.17 49.31 50.48 51.68 2005 47.12
4 46.45 47.56 48.68 49.83 51.02 52.22 2006 48.24
5 46.93 48.04 49.18 50.35 51.54 52.76 2007 49.38
6 47.40 48.52 49.67 50.85 52.05 53.28 2008 50.55
7 47.85 48.98 50.15 51.33 52.55 53.80 2009 51.75
8 48.29 49.44 50.61 51.81 53.04 54.29 2010 52.97
9 48.73 49.88 51.06 52.27 53.51 54.78 2011 54.23
10 49.15 50.31 51.50 52.72 53.97 55.25 2012 55.51
11 49.56 50.73 51.93 53.16 54.42 55.71 2013 56.83
12 49.95 51.14 52.36 53.59 54.86 56.16 2014 58.18
13 50.34 51.53 52.75 54.00 55.28 56.59 2015 59.56
14 50.71 51.91 53.14 54.40 55.69 57.01 2016 60.97
15 51.07 52.28 53.52 54.79 56.09 57.42 2017 62.41
16 51.42 52.64 53.88 55.16 56.47 57.81 2018 63.89
17 51.76 52.98 54.24 55.52 56.84 58.19 2019 65.41
18 52.08 53.31 54.58 55.87 57.20 58.55 2020 66.96
19 52.39 53.63 54.91 56.21 57.54 58.90 2021 68.55
20 52.69 53.94 55.22 56.53 57.87 59.24 2022 70.18
2023 71.84
2024 73.55
2025 75.29
2026 77.08
2027 78.91
2028 80.78
ATTACHMENT C
ORDER NO. 29391
CASE NOS. AVU-E-03-8
I PC-E-03-15
PAC-E-03-12

PACIFICORP
.AVOIDED COST RATES FOR FUELED PROJECTS
SMALLER THAN TEN MEGAWATTS
December 15, 2003
millslkWh
LEVELIZED w t
�` " � �1;O 'EV� kr r
CONTRACT ON-LINE YEAR
LENGTH CONTRACT NON-LEVELIZED
YEARS 2003 2004 2005 2006 2007 2008 YEAR RATES
1 13.72 14.04 14.36 14.69 15.03 15.38 2003 13.72
2 13.87 14.19 14.52 14.85 15.19 15.54 2004 14.04
3 14.02 14.34 14.67 15.01 15.36 15.71 2005 14.36
4 14.17 14.49 14.82 15.16 15.51 15.87 2006 14.69
5 14.31 14.64 14.97 15.32 15.67 16.03 2007 15.03
6 14.44 14.78 15.12 15.46 15.82 16.18 2008 15.38
7 14.58 14.91 15.26 15.61 15.97 16.33 2009 15.73
8 14.71 15.05 15.39 15.75 16.11 16.48 2010 16.09
9 14.84 15.18 15.53 15.88 16.25 16.62 2011 16.46
10 14.96 15.30 15.66 16.02 16.39 16.76 2012 16.84
11 15.08 15.43 15.78 16.15 16.52 16.90 2013 17.23
12 15.20 15.55 15.91 16.27 16.65 17.03 2014 17.62
13 15.31 15.66 16.02 16.39 16.77 17.16 2015 18.03
14 15.42 15.78 16.14 16.51 16.89 17.28 2016 18.45
15 15.53 15.89 16.25 16.62 17.01 17.40 2017 18.87
16 15.63 15.99 16.36 16.73 17.12 17.51 2018 19.31
17 15.73 16.09 16.46 16.84 17.23 17.63 2019 19.75
18 15.83 16.19 16.56 16.94 17.33 17.73 2020 20.21
19 15.92 16.28 16.66 17.04 17.43 17.84 2021 20.67
20 16.01 16.37 16.75 17.14 17.53 17.94 2022 21.15
2023 21.64
2024 22.14
2025 22.65
2026 23.18
2027 23.71
2028 24.26
EFFECTIVE DATE ADJUSTABLE COMPONENT
12/15/2003 31.24
The total avoided cost rate in each year is the sum of the adjustable component and the fixed component from either of the tables
above.
Example 1. A 20-year levelized contract with a 2004 on-line date would receive the following rates:
Years Rate
1 16.37+31.24
2-20 16.37+Adjustable component in each year
Example 2. A 4-year non-levelized contract with a 2004 on-line date would receive the following rates:
Years Rate
1 14.04+31.24
2 14.36 +Adjustable component in year 2005
3 14.69 +Adjustable component in year 2006
4 15.03 +Adjustable component in year 2007
ATTACHMENT C
ORDER NO. 29391
CASE NOS. AVU-E-03-8
I PC-E-03-15
PAC-E-03-12