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HomeMy WebLinkAboutCompliance Filing.tif BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION CASE NO. IPC-E-24-44 IDAHO POWER COMPANY ATTACHMENT 1 Idaho Power Company I.P.U.C. No. 30, Tariff No. 101 Original Sheet No. 28-1 IDAHO Issued by IDAHO POWER COMPANY Issued per Order No. 37039 Timothy E. Tatum, Vice President, Regulatory Affairs Effective – June 1, 2026 1221 West Idaho Street, Boise, Idaho SCHEDULE 28 IDAHO POWER COMPANY ELECTRIC SERVICE RATE FOR MICRON IDAHO SEMICONDUCTOR MANUFACTURING (TRITON) LLC SPECIAL CONTRACT DATED NOVEMBER 21, 2024, AS AMENDED MAY 26, 2026 MONTHLY CHARGE The Monthly Charge is the sum of the following charges and may also include charges as set forth in Schedule 55 (Power Cost Adjustment), Schedule 91 (Energy Efficiency Rider), and Schedule 95 (Adjustment for Municipal Franchise Fees). Terms used below have the meanings given to them in the Special Contract referenced above. Monthly Contract Demand Charge $3.12 per kW of Contract Demand. Monthly Billing Demand Charge $20.25 per kW of Billing Demand but not less than Minimum Monthly Billing Demand. Daily Excess Demand Charge $1.248 per each kW of Excess Demand. Monthly Energy Charge 4.084¢ per kWh. BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION CASE NO. IPC-E-24-44 IDAHO POWER COMPANY ATTACHMENT 2 First Amendment to the Micron FAB ESA Page 1 of 3 FIRST AMENDMENT TO THE MICRON FAB SPECIAL CONTRACT BETWEEN IDAHO POWER COMPANY AND MICRON IDAHO SEMICONDUCTOR MANUFACTURING (TRITON) LLC This FIRST AMENDMENT TO THE MICRON FAB SPECIAL CONTRACT FOR made and entered into to be effective on the 26th day of May, 2026 ffective Date of the First Amendment by and between IDAHO POWER MICRON IDAHO SEMICONDUCTOR . Micron and tively as the WHEREAS, Micron is a wholly-owned subsidiary of Micron Technology, Inc., an existing retail customer of Idaho Power that is expanding its Boise campus to include a new memory that will be served through distinct Interconnection Facilities and Point(s) of Delivery and for which the aggregate power requirement will exceed 20,000 kilowatts, making it ineligible for service under Schedule 19, Large Power Service, and necessitating the establishment of a special contract arrangement; and WHEREAS, on November 21, 2024, Idaho Power and Micron entered into a Special Contract for Electric Service (hereinafter referred to as the ), and Idaho Power initiated Case No. IPC-E-24- December 6, 2024, requesting approval of the Micron FAB ESA and the associated rates and charges proposed in tariff Schedule 28; and WHEREAS, the Commission issued Order No. 37039, on May 8, 2026, directing Idaho Power to submit a compliance filing including a revised Schedule 28 updating certain pricing components and modifying the Micron FAB ESA contract terms related to the Minimum Monthly Billing Demand and marginal cost-based Energy Charges with specified revisions to Section 5.5(b) and Section 7.2; and WHEREAS, the Parties desire to enter into this First Amendment to incorporate the Commission-directed modifications to the Micron FAB ESA in compliance with Order No. 37039 and submit the same for the approval. NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Micron and Idaho Power, each intending to be legally bound, agree as follows: 1. Incorporation of Recitals. The above-stated recitals are incorporated into and made a part of this First Amendment by this reference. First Amendment to the Micron FAB ESA Page 2 of 3 2. Amendments. Subject to Section 3 of this First Amendment: A. Section 5.5(b): Minimum Monthly Billing Demand After Expansion. Section 5.5(b) of the Micron FAB ESA is hereby deleted in its entirety and replaced with the following: b. Minimum Monthly Billing Demand After Expansion. Starting on the effective date of the Embedded Contract Demand, the Minimum Monthly Billing Demand shall remain fixed at the then-effective Minimum Monthly Billing Demand unless either Party seeks and obtains approval from the IPUC to reduce the Minimum Monthly Billing Demand based upon an affirmative showing that such reduction is consistent with the public interest. Minimum Monthly Billing Demand will decrease from the then-effective Minimum Monthly Billin approval. Notwithstanding the foregoing, the Minimum Monthly Billing Demand will decrease by 30 MW on June 1, 2036, and will continue to automatically reduce by 30 MW on June 1 of each year thereafter down to a minimum of 20 MW unless otherwise ordered by the IPUC. B. Section 7.2: Marginal Cost-Based Energy Charges. Section 7.2 of the Micron FAB ESA is hereby deleted in its entirety and replaced with the following: 7.2 Marginal Cost-Based Energy Charges. Schedule 28 shall include the marginal cost- the IPUC to be set on a different basis. Either Party may request that the IPUC reevaluate the basis for the Energy Charges after the scheduled ramp period ends on September 30, 2030; provided, however, that any changes to the basis for the Energy Charges will be subject to IPUC approval. The Energy Charges will be subject to IPUC approval and Idaho Power shall provide IPUC with updated Energy Charges annually. The methods used to calculate marginal cost-based energy charges are subject to change and may be updated from time to time as directed by the IPUC. 3. Commission Approval. The amendments set forth in Section 2 of this First Amendment are effective as of the Commission final, unappealable approval of this First Amendment. 4. Effect of Amendment. Except as expressly amended by this First Amendment, the terms and conditions of the Micron FAB ESA remain unchanged. 5. Capitalized Terms. All capitalized terms used in this First Amendment and not defined herein shall have the same meaning as in the Micron FAB ESA. 6. Scope of Amendment. This First Amendment shall be binding upon and inure to the benefit of the Parties hereto, and their respective successors and permitted assigns, who are obligated to take any action which may be necessary or proper to carry out the purpose and intent hereof. First Amendment to the Micron FAB ESA Page 3 of 3 7. Authority.Each Party represents and warrants that as of the Effective Date of the First Amendment: (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 Micron FAB ESA, and (iii) it has the requisite authority to execute this First Amendment. 8. Counterparts.This First 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.ure to this First Amendment shall be deemed an original and binding upon the Party against which enforcement is sought. 9. Governing Law. Unless otherwise expressly provided herein, the terms and conditions of this First Amendment shall be governed by, controlled, construed and enforced in accordance with the laws and decisions of the state of Idaho applicable to agreements to be made and to be performed in Idaho without regard to principles of conflicts of law. IN WITNESS WHEREOF, the Parties hereto have caused this First Amendment to be duly executed as of the date set forth above. MICRON IDAHO SEMICONDUCTOR MANUFACTURING (TRITON) LLC By: Name: Title: IDAHO POWER COMPANY By: Name: Title: 37970537_v3