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HomeMy WebLinkAbout20260415PCA Postcard.pdf � ��`�i2 bid ,`�+. 1�� ,r ��i ��. w,�r / ' "d✓�� ' r _. �� � �� -__ ___. _. .:..-.� k.�3����'.-"-^Yda �..✓-y�°' �ydrT.��t 1 i �x �aft'. r. Idaho Power Files Annual Power Cost Adjustment Idaho Power has filed the Power Cost Adjustment(PCA),the final piece of its annual spring cost adjustments,with the Idaho Public Utilities Commission(IPUC). If approved,the combined impact of the PCA and the Fixed Cost Adjustment (FCA)will be a monthly bill increase of 3.15%,or approximately$3.64,for a typical 2026 Rate Filings residential customer using 900 kilowatt-hours per month.All Idaho customer classes Percentage Change from Current Billed Revenue will see a price increase if the requests are approved as filed. The June 1 price changes include the combined impact of the following: Revenue Overall Small Large Large Filing Change Percentage Residential General General Power Z Irrigation • The PCA requests an overall increase of$51.56 million,or 3.02%.The PCA is a (millions) Impact Service Service cost-recovery tool that passes on both the benefits and costs of supplying energy to Idaho Power customers. PCA $51.56 3.02% 2.51% 2.07% 3.50% 3.69% 2.96% • The FCA,filed on March 13, requested an increase of$5.12 million.The FCA applies only to residential and small commercial customers and adjusts prices based on FCA $5.12 0.30% 0.65% 0.65% N/A N/A N/A changes in energy use per customer during the previous year. If approved as filed, new rates will take effect June 1, 2026. Impacts for all Idaho Combined $56.67 3.31% 3.16% 2.72% 3.50% 3.69% 2.96% customers are shown in the table at right.The actual percentage will depend on a Impact 3 customer's classification and the rate they pay. Includes lighting schedules;z Includes special contracts;3 Totals may not sum due to rounding The PCA has two main components:a balancing account for IDNO power costs incurred the previous year and a forecast of what energy will cost in the coming year. • The balancing account aligns last year's anticipated costs � # with costs actually incurred during the prior April through 1221 W. Idaho St. March period. Boise,ID 83702 • The forecast reflects Idaho Power's anticipated fuel costs, purchased power costs,and customer benefits from sales of surplus energy for the coming April through March. The increase in this year's PCA is largely driven by higher expected power costs for the coming year.This power cost increase is attributed to lower forecasted hydropower, partially offset by lower forecasted market energy prices. Neither Idaho Power nor its shareholders receive any financial return from the PCA—money collected is used to recover costs or credit benefits associated with annual fluctuations in power costs. Opportunities for Public Review Idaho Power's filings are subject to public review and approval by the IPUC. Copies of the applications are available to the public at the IPUC offices(11331 W. Chinden Blvd. Building 8, Suite 201-A, Boise, ID 83714), Idaho Power offices,on idahopower.com,or at the IPUC website, puc.idaho.gov. Customers may also subscribe to the IPUC's RSS feed to receive periodic updates via email.Written comments regarding Idaho Power's applications associated with the PCA(Case No. IPC-E-26-10)may be filed with the IPUC (puc.idaho.gov/form/casecomment).