APPLICATION.tif

APPLICATION - 1
MEGAN GOICOECHEA ALLEN (ISB No. 7623)
DONOVAN WALKER (ISB No. 5921)
Idaho Power Company
1221 West Idaho Street (83702)
P.O. Box 70
Boise, Idaho 83707
Telephone: [phone]
Facsimile: [phone]
[e-mail]
[e-mail]

Attorneys for Idaho Power Company

BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION

IN THE MATTER OF IDAHO POWER
COMPANY’S APPLICATION FOR
APPROVAL OF ENERGY SERVICES
AGREEMENT AND TARIFF SCHEDULE 35
TO PROVIDE ELECTRIC SERVICE TO
CHOBANI, LLC.
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CASE NO. IPC-E-26-19

APPLICATION

Idaho Power Company (“Idaho Power” or “Company”), in accordance with Idaho
Code §§ 61-502 and 61-503 and Idaho Public Utilities Commission’s (“Commission”) Rule
of Procedure 52, hereby requests that the Commission issue an order approving the
energy services agreement (“ESA”) between Idaho Power and Chobani, LLC (“Chobani”)
for electric service at the Chobani food production facility located in Twin Falls, Idaho
(“Chobani Facility”), and rates proposed in tariff Schedule 35, Idaho Power Company
Electric Service Rate for Chobani, LLC (“Schedule 35”).
Based on Chobani’s current projected load forecast, the customer does not expect
to exceed the eligibility requirements of Schedule 19, Large Power Service (“Schedule
19”) until the summer of 2027. However, Chobani has advised it will be close to exceeding

APPLICATION - 2
the eligibility requirements of Schedule 19 later in 2026 or early in 2027. Accordingly,
Idaho Power is considering a contingency plan in the event a Commission order has not
been issued prior to Chobani becoming ineligible for service under Schedule 19. The
Company acknowledges this may not be necessary given the current load forecast, and
to this end, unless the Commission directs otherwise, Idaho Power intends to continue
providing service to the Chobani Facility under rates, charges, and terms as contained
within Schedule 19 until the Commission has issued a final order approving the ESA.
In support of this Application, Idaho Power represents as follows:
I. BACKGROUND
1. Currently, Chobani receives electric service from Idaho Power at the
Chobani Facility under Schedule 19. Chobani has advised the Company that it is in the
process of expanding its operations at the Chobani Facility to include new production
lines and ancillary facilities and anticipates that its energy requirements at the location
will exceed 20,000 kilowatts (“kW”) as a result of the expansion. When Chobani exceeds
that threshold, it will be ineligible for service under Schedule 19, which requires that
customers with an aggregate power requirement of more than 20,000 kW at the same
premises “make special contract arrangements with the Company.” 1
2. Upon learning of Chobani’s intent to expand its operations and the
associated increase in energy requirements, Idaho Power initiated discussions with
Chobani to explain that once its demand exceeded 20,000 kW, it could not continue taking
service under Schedule 19 and would instead need to enter into an ESA with Idaho Power
for electric service. The Company further explained that once executed, the ESA would

1 See I.P.U.C. No. 30, Tariff No. 101, Schedule 19.

APPLICATION - 3
need to be approved by the Commission before becoming effective.
3. In the ensuing months, the parties exchanged information relative to the
ESA, negotiated its terms, conditions, and rates, and engaged in good faith to reach an
agreement.
4. Idaho Power and Chobani have successfully negotiated the terms and
conditions of an ESA that is consistent with cost-based principles and methodology
included in previously approved energy service agreements but tailored to fit Chobani’s
specific service requirements (the “Chobani ESA”). A copy of the executed Chobani ESA
and Schedule 35, which contains the proposed rates for service under the ESA, are
attached to this Application as Attachment 1 and 2, respectively, and subject to the
Commission’s approval.
5. The Commission has broad authority to regulate and fix the charges
assessed by a public utility for service and is charged with the responsibility of ensuring
that such rates are just, reasonable, non-discriminatory, and non-preferential.2. However,
not all differences in a utility's rates and charges as between different classes of
customers “constitute unlawful discrimination or preference . . ."3 In fact, differentiating
between classes of customers is not only permissible but is often necessary to achieve
reasonable efficiency and economy of operation when such differences are based on cost
of service, quantity of electricity used, differences in conditions of service, or the time,
nature, and pattern of the customers’ use.4 For rate setting purposes, “each special

2 Idaho Code §§ 61-502, 61-503.
3 Application of Boise Water Corp. to Revise & Increase Rates Charged for Water Serv., 128 Idaho 534,
538, 916 P.2d 1259, 1263 (1996).
4 See, e.g., Building Contractors Association of Southwestern Idaho, Inc. v. Idaho Public Utilities Comm’n,
128 Idaho 534, 539, 916 P.2d 1259, 1264 (1996).

APPLICATION - 4
contract customer is considered a separate class with different conditions and contract
terms affecting their rates…”5 Because each special contract customer is its own class
(i.e., a class of one), greater flexibility exists to mitigate the rate impacts of large loads
without running afoul of the discrimination prohibitions found in Idaho law.
II. SPECIAL CONTRACT TERMS AND PROVISIONS
Agreement Overview
6. Pursuant to the ESA, Idaho Power agrees to furnish Chobani’s total
requirements for electric service and energy delivered to the Chobani Facility. Service
under Schedule 35 is applicable on the first day of the month in the first month that the
aggregate power requirement at the Chobani Facility exceeds 20,000 kW following the
approval of this ESA by the Commission. The rates and charges for electrical power,
energy, and other service provided by Idaho Power to Chobani pursuant to the ESA are
identified by component in proposed Schedule 35.6 Chobani agrees to pay Idaho Power
the sum of the components identified in the then-current Schedule 35 for Idaho Power to
provide electric service to the Chobani Facility.
7. The parties agree that the Chobani ESA is subject to and expressly
conditioned upon approval by the Commission and shall become effective upon approval
by the Commission of all terms and provisions without change or condition and will
continue until terminated as provided in Section 3 of the ESA.
8. Customer Safeguards. The ESA includes provisions designed to protect the
Company and its other customers from potential adverse impacts associated with serving

5 See, e.g., In the Matter of the Application of Idaho Power Company for approval of a Special Contract
with J.R. Simplot Company, Case No. IPC-E-13-23, Order No. 33038 at 11-12 (May 19, 2014).
6 Attachment 2 hereto.

APPLICATION - 5
a large, dedicated load. Consistent with the Company’s approach to special contracts
generally, these safeguards are tailored and scaled to the specific characteristics and risk
profile of each customer, ensuring that protections remain proportionate to the size and
nature of the load served. The safeguards included in the Chobani ESA include, but not
limited to:
 Section 3, Termination for Convenience: The ESA requires advance notice
– at least twenty-four (24) months, or thirty-six (36) months if Chobani
increases Contract Demand to 30,000 kW or above – in order to terminate
the agreement, to mitigate against unexpected termination.
 Section 5, Contract Demand and Minimum Monthly Billing Demand: The
ESA includes Contract Demand and Minimum Billing Demand terms, also
referred to as the take-or-pay provisions, that guarantee a base level of cost
allocation and recovery and limit Chobani’s ability to modify Contract
Demand to mitigate against changing load forecasts.
 Section 6, Marginal Cost-Based Energy Charges: Schedule 35 includes a
marginal energy price component, which helps to mitigate the risk of higher
costs caused by Chobani’s incremental load being passed on to other
customers.
 Section 8, Facilities for Delivery to Chobani Facility: Chobani and Idaho
Power have separately entered into agreements pursuant to which Chobani
is funding the construction of the necessary facilities to accommodate its
service request.
 Section 14, Commission Jurisdiction and Approval: The ESA only becomes
effective upon approval by the Commission, and the rates set forth in the
ESA and Schedule 35 are subject to the continuing jurisdiction of the
Commission and to change and revision by order of the Commission.

Pricing Considerations and Elements
9. When determining rates for new special contract customers, Idaho Power
must account for a number of factors including, but not limited to, each customer’s unique
needs, site-specific circumstances, infrastructure available at the time, and the potential
impact of the load to the operation, safety, and reliability of Idaho Power’s system.7

7 See, e.g., Case No. IPC-E-13-23, Order No. 33038 at 11-12.

APPLICATION - 6
Special contract arrangements are highly customer- and site-specific, and Idaho Power
determines rates for new special contract customers on a case-by-case basis.
10. Contract Demand. Contract Demand is defined in the ESA as the monthly
level of kilowatts Idaho Power has agreed to make available to the Chobani Facility based
on Chobani’s forecasted load, whether utilized or not. Chobani has requested an initial
level of Contract Demand of 25,000 kW and, under the terms of the ESA, may request
changes to Contract Demand, subject to certain parameters, down to a minimum Contract
Demand of 20,000 kW and up to a maximum Contract Demand of 40,000 kW.
11. Minimum Monthly Billing Demand. Billing Demand is defined in the ESA as
“the average kilowatts supplied to the Chobani Facility during the coincident 15-
consecutive-minute period of maximum use during the monthly billing period, adjusted for
power factor. . . as measured by the metering equipment located at the Chobani Facility.”
The Minimum Monthly Billing Demand is the minimum Billing Demand that will be charged
to Chobani during a monthly billing period and is calculated as Contract Demand less
5,000 kW, but not less than 20,000 kW. This ensures a base level of cost recovery that
scales with Chobani’s elected Contract Demand while maintaining the 20,000 kW special
contract threshold as a floor.
12. Power Factor Adjustment. When the power factor at the Chobani Facility is
less than 95 percent, as determined by measurement under actual load conditions, Idaho
Power may adjust the total Billing Demand by the ratio of the minimum power factor to
the actual power factor.

APPLICATION - 7
Pricing Structure
13. Proposed Pricing Methodology. Idaho Power evaluated the relevant
circumstances and proposes a two-block pricing structure that incorporates embedded
cost-based demand rates and marginal cost-based energy rates, reducing potential cost-
shifting and resulting in Chobani fairly contributing to the incremental system cost
necessary to serve its new load. The proposed pricing structure is similar to pricing
structures included in the Brisbie and Lamb Weston special contracts, which were both
approved by the Commission and based on two blocks using embedded and marginal
cost rates.8
14. The two-block pricing structure proposed for the Chobani Facility includes
an embedded-cost pricing block, Block 1, and a marginal energy cost pricing block, Block
2, as follows:
 Block 1 applies to the first 20,000 kW of the aggregate power requirement at
the Chobani Facility and is priced based on embedded cost Schedule 19 retail
rates. Because Chobani is currently an Idaho Power customer taking service
under Schedule 19, the Company believes it is reasonable to propose an
embedded energy and demand rate up to the current threshold provided for in
Schedule 19.
 Block 2 applies to the aggregate power requirement at the Chobani Facility
exceeding the first 20,000 kW and is priced based on: (1) capacity cost per

8 In the Matter of Idaho Power Company’s Application for Approval of Special Contract and Tariff
Schedule 33 to Provide Electric Service to Brisbie, LLC’s Data Center Facility, Case No IPC-E-21-41,
Order No. 35777 (May 11, 2023); In the Matter of Idaho Power Company’s Application for Approval of a
Special Contract Under Tariff Schedule 34 to Provide Electric Service to Lamb Weston, Inc., IPC-E-23-18,
Order No. 35929 (Sept. 21, 2023).

APPLICATION - 8
kilowatt, recovered through monthly Contract Demand and Billing Demand
charges (“Block 2 Billing Demand”), and (2) energy priced at a marginal cost-
based rate, recovered through the Block 2 Energy Charge (“Block 2 Energy”).
15. Demand Charges. To determine the Block 2 Billing Demand charge, Idaho
Power employed a cost-of-service methodology to allocate costs to the expanded
Chobani Facility utilizing Idaho Power’s embedded capacity costs and the projected
electrical requirements provided by Chobani. The foundation for these calculations was
the most recently Commission-reviewed class cost-of-service study from the Company’s
most recent General Rate Case, Case No. IPC-E-25-16, reflecting the final revenue
requirement approved therein. The Company developed the demand rates to reflect
embedded costs, consistent with the approach used in previously approved energy
service agreements.
16. Marginal Cost-Based Energy Charges. Because the Company’s system is
currently facing near-term energy constraints, it is expected that Chobani’s incremental
load will cause an increase in the cost to provide energy to all customers. As such, the
Company proposes to price Chobani’s Block 2 Energy on a marginal cost basis to help
mitigate the upward pressure on other customers’ rates that might otherwise occur due
to Chobani’s increased load.
17. The initial Block 2 Energy Charges are proposed to be based on the
Commission-approved single-run methodology for developing marginal cost-based
energy charges as approved in Case No. IPC-E-25-179 and pending approval in Case

9 In the Matter of Idaho Power Company’s Application for its Annual Update to Marginal Pricing Used in
Certain Schedules, Case No. IPC-E-25-17, Order No. 36619 (May 30, 2025).

APPLICATION - 9
No. IPC-E-26-08.10 As set forth in proposed Schedule 35, the rate design for the Block 2
Energy Charge for Chobani reflects Time-of-Use (“TOU”) energy pricing, with separate
on-peak, mid-peak, and off-peak rates applicable during the Summer and Non-Summer
seasons. The Chobani TOU rates rely on the same underlying marginal energy cost data
and analytical framework approved in IPC-E-25-17; however, the hourly TOU periods
used to develop these rates are designed to reflect the TOU hour changes approved in
the Company’s 2025 General Rate Case, Case No. IPC-E-25-16.11 The calculated
Energy Charges for each time period are shown in Table 1 below.
Table 1. Marginal Energy Charges
Marginal Energy Price ($/kWh)
Season Summer Non-Summer
On-Peak $0.052673 $0.048694
Mid-Peak $0.039049 $0.040163
Off-Peak $0.037335 $0.037008

18. Consistent with the Company’s proposal in Case No. IPC-E-26-08, the
Company recommends these rates remain in effect following Commission approval of
Schedule 35 and until the Commission approves updated marginal cost-based energy
rates following the Company’s annual update case or other regulatory proceeding where
marginal cost-based rates are subject to review and modification. To the extent the
Commission evaluates and directs modification to marginal cost-based rates prior to
resolution of this case, the Company recommends the Commission direct it to submit a

10 In the Matter of Idaho Power Company’s Application for its Annual Update to Marginal Pricing Used in
Certain Schedules, Case No. IPC-E-26-08. In its application, Idaho Power proposed that the Commission
authorize the Company to maintain its currently effective marginal cost-based energy prices used in
relevant schedules, as a mitigation measure. The matter is currently pending.
11 In the Matter of Idaho Power Company’s Application for Authority to increase its Rates and Charges for
Electric Service in the State of Idaho and Authority to Implement Certain Measures to Mitigate the Impact
of Regulatory Lag, Case No. IPC-E-25-16, Order No. 36892 (Dec. 30, 2025).

APPLICATION - 10
compliance filing to update Schedule 35 energy charges consistent with the outcome of
any relevant proceedings.
19. Annual Update to Marginal Cost-Based Energy Charges. Following
approval of the Chobani ESA and Schedule 35, the Company proposes that Schedule 35
Energy Charges be updated annually through the Company’s filings in the Commission-
approved marginal energy docket so that the rates remain aligned with changing fuel
prices, market dynamics, hydro conditions, and resource operation as part of the
Company’s annual update to marginal cost-based energy rates filed with the Commission
on or about April 1. 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
Commission.
20. After the ESA has been in effect for at least five (5) years, Chobani may
request that Idaho Power reevaluate the basis for the Block 2 Energy Charges; provided,
however, that any changes to the basis for the Energy Charges will be subject to
Commission review and approval.
21. PCA Accounting Treatment. Consistent with the marginal-cost basis of the
Block 2 Energy Charge, the Company proposes that all costs of supplying power to the
Chobani Facility in both Block 1 and Block 2 be included in the Power Cost Adjustment
(“PCA”) and that revenues from Block 2 energy sales be treated as surplus sales and an
offset to power supply costs. Because the Block 2 marginal-cost-based energy is
accounted for as if it were an off-system sale, Block 2 energy sales would not be included
as Idaho retail sales used to calculate the sales-based adjustment in the PCA. This PCA
treatment is consistent with the approach for other customer rates with marginal energy

APPLICATION - 11
price components.12
Upfront Costs
22. Chobani is responsible for paying all upfront costs for construction of
facilities needed to interconnect and serve the expanded Chobani Facility load. The
parties have separately entered into Procurement and Construction Agreements that
govern the construction and installation of the electrical facilities and equipment
associated with the expansion of the Chobani Facility, and Rule H, New Service
Attachments and Distribution Line Installations or Alterations. Consistent with other
primary-service level customers, Idaho Power will retain ownership of the facilities and
the responsibility for ongoing operating and maintenance expenses up to the Point of
Delivery.
III. MODIFIED PROCEDURE
23. Idaho Power believes that a hearing is not necessary to consider the issues
presented herein and respectfully requests that this Application be processed under
Modified Procedure pursuant to Commission Rules of Procedure 201, et seq., i.e., by
written submissions rather than by hearing.
IV. COMMUNICATIONS AND SERVICE OF PLEADING
24. Communications and service of pleadings with reference to this Application
should be sent to the following:

12 See, e.g., Schedule 20, Speculative High-Density Load, and Schedule 34, Lamb Weston Special
Contract.

APPLICATION - 12
Megan Goicoechea Allen
Donovan Walker
Regulatory Dockets
Idaho Power Company
1221 West Idaho Street (83702)
P.O. Box 70
Boise, Idaho 83707
[e-mail]
[e-mail]
[e-mail]

Timothy Tatum
Grant T. Anderson
Connor Allen
Idaho Power Company
1221 West Idaho Street (83702)
P.O. Box 70
Boise, Idaho 83707
[e-mail]
[e-mail]
[e-mail]

V. CONCLUSION AND REQUEST FOR RELIEF
25. As more fully described herein, the terms and conditions in the Chobani
ESA are reflective of cost-based principles, consistent with those included in previously
approved electric service agreements tailored to fit Chobani’s unique characteristics and
help to protect the Company and its other retail customers from potential adverse impacts
associated with Chobani’s expanded operations. The rates included in Attachment 2
reflect the cost of providing service to the expanded Chobani Facility according to the
most current cost information available and will appropriately recover the cost of providing
service to the Chobani Facility, while limiting the potential for cost shifting between the
Chobani ESA and the Company's other customer classes. These rates are reasonable,
consistent with past cost-of-service determinations, and in the public interest.
26. Accordingly, as set forth more fully above, Idaho Power respectively
requests the Commission issue an Order: (1) approving the Chobani ESA, included as
Attachment 1; (2) approving the rates and charges set out in Schedule 35, included as
Attachment 2, without change or condition; (3) approving the initial Block 2 Energy Charge
included in Schedule 35, subject to the outcome of any marginal cost-based docket, and
directing the Company to thereafter update the same as part of its annual update to
marginal cost-based energy rates for other schedules filed with the Commission on or

APPLICATION - 13
about April 1; (4) authorizing the requested PCA accounting treatment of energy sales
under the ESA; and (5) establishing a procedural schedule that allows the Commission
to process this case and issue a final order by March 1, 2027.
27. In addition, though Chobani’s official load forecast currently indicates there
is sufficient time for Commission review of the ESA prior to Chobani’s demand exceeding
20,000 kW, to address the possibility that this could occur during the pendency of this
case given potential uncertainty over timing raised by Chobani, the Company proposes
the following interim arrangement for the Commission’s consideration. Absent alternative
direction from the Commission, in the event Chobani exceeds the 20,000 kW threshold
before the Commission has issued an Order in this case, the Company proposes to
continue to provide service to the Chobani Facility, without curtailment to the 20,000 kW
threshold, applying the rates and charges for service that are contained within Schedule
19 until the Commission has issued a final order approving the ESA, and will proceed in
this manner unless it is otherwise directed by the Commission.
DATED at Boise, Idaho, this 8th day of June, 2026.

________________________________
MEGAN GOICOECHEA ALLEN
Attorney for Idaho Power Company

BEFORE THE

IDAHO PUBLIC UTILITIES COMMISSION

CASE NO. IPC-E-26-19

IDAHO POWER COMPANY

ATTACHMENT NO. 1

SPECIAL CONTRACT
Chobani Facility Special Contract Page | 1
SPECIAL CONTRACT
BETWEEN
IDAHO POWER COMPANY AND
CHOBANI, LLC
THIS CHOBANI SPECIAL CONTRACT FOR ELECTRIC SERVICE (“Agreement”)
is executed on April 1, 2026 (the “Execution Date”), by CHOBANI, LLC, a Delaware
limited liability company doing business in Idaho (“Chobani”), and IDAHO POWER
COMPANY, an Idaho corporation (“Idaho Power”). Chobani and Idaho Power are
hereinafter referred to as a “Party” and collectively as the “Parties”.
WHEREAS, Chobani is an existing retail customer of Idaho Power, taking service
under Schedule 19, Large Power Service; and
WHEREAS, Chobani is expanding its food production facility located in Twin Falls,
Idaho to include new production lines and ancillary facilities (as more fully defined herein
“Chobani Facility”) and expects the aggregate power requirement at the expanded
Chobani Facility to exceed 20,000 kilowatts (“kW”), which will make it ineligible for service
under Schedule 19 and necessitates the establishment of this special contract
arrangement pursuant to which Chobani will take service under Schedule 35 as more fully
set forth herein.
NOW, THEREFORE, in consideration of the premises and of the mutual covenants
herein set forth, and other good and valuable consideration, the receipt, sufficiency and
adequacy of which are hereby acknowledged, Chobani and Idaho Power, each intending
to be legally bound, agree as follows:
SECTION 1. – DEFINITIONS
1.1 Defined Terms. Unless otherwise required by the context in which any term
appears, initially capitalized terms used herein have the meanings set forth in this
Section 1.
May 26, 2026
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1.2 “Billing Demand” means the kilowatts supplied to the Chobani Facility during the
coincident 15-consecutive-minute period of maximum use during the monthly billing
period, adjusted for power factor pursuant to Section 6.3, as measured by the metering
equipment located at the Chobani Facility.
1.3 “Block 2 Contract Demand” shall mean the Contract Demand exceeding 20,000
kilowatts.
1.4 “Block 1 Billing Demand” means the Billing Demand up to 20,000 kilowatts.
1.5 “Block 2 Billing Demand” means the Billing Demand exceeding 20,000 kilowatts.
1.6 “Block 1 Energy” is the Block 1 Billing Demand multiplied by the Monthly Load
Factor multiplied by the number of hours in the billing month. Block 1 Energy will be
subject to the applicable Block 1 Energy Charge as set forth in Schedule 35.
1.7 “Block 2 Energy” is the Block 2 Billing Demand multiplied by the Monthly Load
Factor multiplied by the number of hours in the billing month. Block 2 Energy will be
subject to the applicable Block 2 Energy Charge as further described in Section 6.2 and
set forth in Schedule 35.
1.8 “Chobani Facility’’ means the Chobani food production facility located at 3450
Kimberly Road in Twin Falls, Idaho.
1.9 “Contract Demand” means the monthly level of kilowatts Idaho Power has agreed
to make available to the Chobani Facility based on Chobani’s forecasted load as further
described in Section 5.
1.10 “Excess Demand” means Billing Demand in excess of the Contract Demand.
1.11 “Interconnection Facilities” means all facilities which are reasonably required by
Prudent Electrical Practices and the National Electric Safety Code to interconnect and
deliver electrical power and energy to the Chobani Facility, including, but not limited to,
transmission facilities, substation facilities, and metering equipment.
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1.12 “IPUC” or “Commission” means the Idaho Public Utilities Commission.
1.13 “Minimum Monthly Billing Demand” is the minimum Billing Demand that will be
charged to Chobani during a monthly billing period as set forth in Section 5.3.
1.14 “Monthly Load Factor” is the total aggregate energy consumption at the Chobani
Facility for the billing month divided by the number of hours in the billing month divided
by the sum of Block 1 and Block 2 Billing Demand.
1.15 “Point of Delivery’’ means the location specified in Section 4.2 where the electrical
facilities owned by Chobani are interconnected to the electrical facilities owned by Idaho
Power and where power and energy are delivered by Idaho Power for the purpose of
providing electrical service for the operations of the Chobani Facility.
1.16 “Prudent Electrical Practices” means those practices, methods, and equipment
that are commonly and ordinarily used in electrical engineering and utility operation to
operate electrical equipment and deliver electric power and energy with safety,
dependability, efficiency, and economy.
1.17 “Schedule 35” means the then-current Idaho Power tariff schedule of rates
applicable to Chobani for the Chobani Facility on file with the IPUC.
1.18 “Service Effective Date” is defined in Section 2.1(a).
SECTION 2. – TERM OF AGREEMENT
2.1 Term of Agreement. This Agreement shall become effective as of the Execution
Date, subject to Final Regulatory Approval pursuant to Section 14, and shall continue in
full force and effect until terminated in accordance with Section 3.
a. Service Effective Date. Service under Schedule 35 is applicable on
the first day of the month in the first month that the aggregate power requirement
at the Chobani Facility exceeds 20,000 kW following the approval of this
Agreement by the IPUC as provided in Section 14.
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SECTION 3. – TERMINATION
3.1 Termination for Convenience. Either Party shall have the right to terminate this
Agreement by delivering advance written notice, as set forth in Section 15, of termination
to the other Party that specifies the effective date of termination, which shall be at least
twenty-four (24) months from the date of the notice of termination; provided, however,
that if Chobani increases Contract Demand to 30,000 kW or above pursuant to Section
5.2, the effective date of termination shall be at least thirty-six (36) months from the date
of the notice of termination. If both Parties give notice of termination, the earliest effective
date will prevail.
3.2 Termination for Cause. If a Party materially breaches this Agreement and the
material breach is not cured within thirty (30) calendar days (ten (10) calendar days in the
case of a breach of the payment terms herein) after the non-breaching Party gives written
notice to the breaching Party thereof, the non-breaching Party shall have the right to
terminate this Agreement by giving the breaching Party written notice of the termination.
Failure to pay in accordance with this Agreement shall constitute a material breach.
SECTION 4. – SERVICES TO BE PROVIDED
4.1 Sale and Delivery of Energy. In accordance with Prudent Electrical Practices
and subject to the provisions of this Agreement and the continuing regulatory authority
of the IPUC and Idaho Power’s General Rules and Regulations on file with the IPUC,
including but not limited to Rule J (Continuity, Curtailment and Interruptions of Electric
Service) and Rule K (Customer’s Load and Operations), Idaho Power will furnish
Chobani’s total requirements for electric power and energy at the Chobani Facility.
Chobani will not resell any portion of the power and energy furnished under this
Agreement.
4.2 Point of Delivery. Electric power and energy shall initially be delivered by Idaho
Power to the Chobani Facility via multiple 12.5 kilovolt distribution feeders to each point
generally described as the Primary Metering Packages. The initial distribution feeders will
be served out of Idaho Power’s KBLY, ETGT and PFLS substations. A permanent
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Chobani Facility Special Contract

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solution will be developed to provide electric power and energy to be delivered by Idaho
Power to the Chobani Facility via multiple 12.5 kilovolt underground distribution feeders
from the substation to points generally described as the X-1 disconnect switch(es)
mounted on the distribution poles outside the CHBN substation.
4.3 Description of Electric Service. Idaho Power shall supply three-phase, 60 HZ
alternating current at nominal 12,500 volts, with a maximum steady state variation of plus
or minus five percent (5%) under normal system conditions. Consistent with Prudent
Electrical Practices, Idaho Power will operate within the capability of its existing system
to minimize voltage level fluctuations, the normal frequency variation to be within plus or
minus 0.05 HZ on a 60 HZ base. Idaho Power’s maximum steady state variation of plus
or minus five percent (5%) and the voltage level fluctuations may vary in the event of
abnormal system conditions. The Parties acknowledge and agree that electric service is
inherently subject to occasional interruption, suspension, curtailment, and fluctuation,
and that Idaho Power does not guarantee uninterrupted electric service and shall have
no liability for damages, losses, or claims arising out of or relating to any such interruption,
suspension, curtailment, or fluctuation of electric service absent willful misconduct or
fraud by Idaho Power. To the extent any liability is imposed notwithstanding the foregoing,
damages shall be subject to the limitations set forth in Section 12.2 of this Agreement.
Nothing in this Section 4.3 shall be deemed or construed as a waiver or modification of
Idaho Power’s General Rules and Regulations on file with the IPUC including any
defense, immunity, exemption, or limitation that may be available to the Parties
thereunder.
SECTION 5. – CONTRACT DEMAND
5.1 Initial Contract Demand. Beginning on the Service Effective Date, the initial level
of Contract Demand requested by Chobani and made available by Idaho Power under
the terms of this Agreement is 25,000 kilowatts, whether utilized or not.
5.2 Changes to Contract Demand. Under the terms of this Agreement, Chobani may
request a change to Contract Demand pursuant to the following limitations by providing
written notice to Idaho Power as follows:
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a. Decreases to Contract Demand. Chobani may decrease the
Contract Demand in even increments of 500 kilowatts down to a minimum Contract
Demand of 20,000 kilowatts but cannot decrease the Contract Demand more than
5,000 kilowatts in any twelve (12) month period. Chobani shall notify Idaho Power
in writing of its desire to decrease the Contract Demand at least three (3) months
in advance of the first day of the month in which it desires the decreased Contract
Demand to be effective. The decreased Contract Demand shall be in effect for a
minimum of six (6) months.
b. Increases to Contract Demand. Chobani may increase the Contract
Demand in even increments of 500 kilowatts up to a maximum Contract Demand
of 40,000 kilowatts, but cannot increase the Contract Demand more than 10,000
kilowatts in any twelve (12) month period, nor by more than 20,000 kilowatts in any
thirty-six (36) month period. Chobani shall notify Idaho Power in writing of its desire
to increase the Contract Demand at least twelve (12) months in advance of the
first day of the month it desires the increased Contract Demand to be effective.
The increased Contract Demand shall be in effect for a minimum of six (6) months.
If Chobani requests an increase in Contract Demand that exceeds either the twelve
(12) month or thirty-six (36) month limitations described above, Idaho Power may,
at its sole discretion, determine whether such additional increase can be
accommodated based on system planning, capacity, or other operational
considerations; provided, however, that Idaho Power’s approval of such an
increase shall not be unreasonably withheld.
5.3 Minimum Monthly Billing Demand. The Minimum Monthly Billing Demand will be
the Contract Demand less 5,000 kilowatts, but not less than 20,000 kilowatts.
5.4 Excess Demand. The availability of power in excess of the Contract Demand is not
guaranteed, and if Billing Demand at the Chobani Facility exceeds the Contract Demand,
Idaho Power may curtail service to the Chobani Facility. Idaho Power reserves the right
to install, at any time at Chobani’s expense, any device necessary to protect Idaho
Power’s system from damage which may be caused by Excess Demand at the Chobani
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Facility. Chobani will be responsible for any damages to Idaho Power’s system or
damages to third parties resulting from Excess Demand at the Chobani Facility. Chobani
agrees to use its best reasonable efforts to monitor its electric loads and to advise Idaho
Power as soon as possible of the potential for Excess Demand at the Chobani Facility. In
the event Idaho Power decides, in its sole discretion, to make power available to satisfy
Excess Demand, Chobani will be subject to the Daily Excess Demand Charge specified
in Schedule 35.
SECTION 6. – CHARGES TO BE PAID BY CHOBANI TO IDAHO POWER
6.1 Rates and Charges. The rates and charges for electrical power, energy, and other
service provided by Idaho Power to Chobani pursuant to this Agreement will be identified
by component in Schedule 35 as filed by Idaho Power with the IPUC. Chobani shall pay
Idaho Power the sum of the components identified in the then-current Schedule 35 for
Idaho power to provide electric service to the Chobani Facility.
6.2 Block 2 Energy Charges. Schedule 35 shall include the marginal cost-based
energy charges applicable to Block 2 Energy (the “Block 2 Energy Charges”). The Block
2 Energy Charges will be subject to IPUC approval and Idaho Power shall provide IPUC
with updated Block 2 Energy Charges annually. At Chobani’s request, Idaho Power
agrees to reevaluate the basis for the Block 2 Energy Charges after this Agreement has
been in effect for at least a period of five (5) years from the Service Effective Date.
6.3 Power Factor Adjustment. When the Chobani Facility’s adjusted power factor is
less than 95 percent during the 15-consecutive-minute period of maximum use for the
monthly billing period, Idaho Power may adjust the Billing Demand by multiplying the
metered demand in kilowatts by 95 percent and dividing that product by the adjusted
power factor. The reactive component of the adjusted power factor is comprised of the
reactive load plus the 138/12.5 kV transformer reactive losses reduced by the amount of
reactive correction paid for by Chobani.
6.4 Billing and Metering Provisions. Billing Demand at the Chobani Facility shall be
determined on a 15-minute coincidental basis as measured by Idaho Power and shall be
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billed accordingly. Idaho Power shall make 15-minute interval period energy use data
available to Chobani for data and billing analysis purposes. Idaho Power will install and
maintain suitable metering equipment for the Point of Delivery so that coincident Billing
Demand and energy consumption can be determined for the billing period.
a. Meter Errors. Failure of the meters or any inconsistency between
meters will be addressed promptly by Idaho Power. If a meter should fail to register
correctly, estimated readings shall be used for calculating consumption. In
calculating the estimate, consideration will be given to Chobani’s consumption in
the hours immediately preceding the meter data failure or for consumption in
similar periods of other years and other relevant facts. If Chobani is due a credit or
is subject to a charge as a result of a meter error, then Idaho Power shall
recalculate prior billings using the corrected meter data and provide any such credit
or additional charge on the next monthly invoice.
SECTION 7. – PAYMENT OF BILLS
7.1 Billing Data. Chobani shall pay Idaho Power for all services provided under this
Agreement. Invoices for payment for electric services shall be prepared and submitted by
Idaho Power to Chobani monthly. All invoices or bills shall contain such data as may be
reasonably required to substantiate the billing, including statements of the meter reading
at the beginning and end of the billing period, meter constants, and consumption during
the billing period.
7.2 Payment Procedure. All bills or accounts for electric service owed by Chobani to
Idaho Power hereunder shall be due and payable fifteen (15) days from the invoice date.
Payment will be made by electronic transfer of funds. Idaho Power shall provide Chobani
with current ABA routing numbers and any other necessary instructions to facilitate the
electronic transfer of funds.
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SECTION 8. – FACILITIES FOR DELIVERY TO CHOBANI FACILITY
8.1 Additional Facilities. The Parties acknowledge that they have separately entered
into a Procurement Agreement dated January 14, 2026, and a Construction Agreement
dated March 3, 2026, pursuant to which Chobani is paying Idaho Power to construct the
necessary Interconnection Facilities to accommodate Contract Demand for the Chobani
Facility up to 40 megawatts. To the extent that additional transmission and/or substation
Interconnection Facilities are required to provide the requested service, special
arrangements will be made in a separate construction agreement between Chobani and
Idaho Power. If distribution facilities are required to supply the desired service, those
facilities will be provided under the terms and conditions of Rule H (New Service
Attachments and Distribution Line Installations or Alterations) of Idaho Power’s General
Rules and Regulations.
8.2 Operation and Maintenance. Idaho Power will operate and maintain
Interconnection Facilities necessary to provide service to the Chobani Facility in
accordance with Prudent Electrical Practices.
SECTION 9. – ACCESS TO PREMISES
9.1 During the term of this Agreement, and for a reasonable period following
termination, Idaho Power shall have the right of access to the Chobani Facility premises
at all reasonable times for the purposes of installing, operating, maintaining, inspecting,
testing, replacing, repairing, or removing Idaho Power equipment and facilities necessary
or useful to this Agreement, and for other proper purposes hereunder.
SECTION 10. – ASSIGNMENT; NO THIRD-PARTY BENEFICIARIES
10.1 Assignment. This Agreement shall be binding upon the heirs, legal and personal
representatives, successors, and assigns of the Parties hereto. Neither Party may assign
either this Agreement or any of its rights and obligations hereunder, without the written
consent of the other Party, which consent shall not be unreasonably withheld.
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10.2 No Third-Party Beneficiaries. This Agreement is not intended to, and does not,
confer upon any person other than the Parties hereto and their respective successors
and permitted assigns, any rights, or remedies hereunder.
SECTION 11. – ENTIRE AGREEMENT, MODIFICATIONS, AND COUNTERPARTS
11.1 Entire Agreement. This Agreement, in conjunction with Schedule 35 on file with
the IPUC, represents the entire understanding and agreement between the Parties with
respect to the subject matter of this Agreement and supersedes all previous
communications, negotiations, and agreements, whether oral or written. This Agreement
does not modify, supersede, or expand any obligations under the Construction
Agreement dated March 3, 2026, or the Procurement Agreement dated January 14, 2026.
11.2 Modifications. This Agreement may only be amended or modified by a writing
signed by duly authorized representatives of both Parties.
11.3 Counterparts. This Agreement may be executed in counterparts, each of which,
when executed and delivered, shall be deemed to be an original and all of which, taken
together, shall constitute one and the same Agreement.
SECTION 12. – INDEMNIFICATION AND LIMITATION OF LIABILITY
12.1 Indemnity and Hold Harmless. Subject to the limitations set forth in Section 12.2
below, each Party shall indemnify (“Indemnifying Party”), defend, reimburse, and hold
harmless the other Party and its officers, directors, and employees (each, an “Indemnified
Party” and collectively the “Indemnified Parties”) for, from, and against third-party
allegations, claims, lawsuits, damages, judgments, settlement costs, and losses resulting
from bodily injury, death, or damage to third-party property (collectively “Damages”) to the
extent directly caused by the negligence or willful misconduct of the Indemnifying Party;
provided that the Indemnifying Party shall have no obligation to indemnify for any
Damages to the extent caused by the negligence, willful misconduct, or breach of this
Agreement by an Indemnified Party. Provided further, that each Party shall be solely
responsible for claims by and payments to its employees for injuries occurring in
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connection with their employment or arising out of any worker’s compensation law. This
indemnity shall apply without regard to whether the Damages are based on breach of
contract, negligence, strict liability, or other tort.
12.2 Limitation of Liability.
a. IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR ANY
SPECIAL, CONSEQUENTIAL, INCIDENTAL, INDIRECT, EXEMPLARY,
PUNITIVE, OR ENHANCED DAMAGES, LOST PROFITS OR REVENUES OR
OTHER BUSINESS INTERRUPTION DAMAGES OF ANY KIND, INCLUDING
WITHOUT LIMITATION ANY LOSS OF OR DAMAGE TO GOODS, INVENTORY,
OR PRODUCTS, ARISING OUT OF OR RELATING TO THIS AGREEMENT
WHETHER OR NOT THE POSSIBILITY OF SUCH DAMAGES HAS BEEN
DISCLOSED IN ADVANCE OR COULD HAVE BEEN REASONABLY
FORESEEN AND REGARDLESS OF THE LEGAL OR EQUITABLE THEORY
(CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE) UPON WHICH THE
CLAIM IS BASED, AND NOTWITHSTANDING THE FAILURE OF ANY AGREED
OR OTHER REMEDY OF ITS ESSENTIAL PURPOSE.
b. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
LIABILITY ARISING OUT OF THIS AGREEMENT, WHETHER BASED ON
CONTRACT, TORT, OR OTHERWISE, SHALL BE LIMITED TO DIRECT
ACTUAL DAMAGES ONLY AND IN NO EVENT SHALL A PARTY’S
AGGREGATE LIABILITY EXCEED THE TOTAL AMOUNT PAID BY CHOBANI
TO IDAHO POWER UNDER THIS AGREEMENT DURING THE TWELVE
MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE
FIRST SUCH CLAIM TO OCCUR OR, IF LESS THAN TWELVE MONTHS HAVE
PASSED SINCE THE SERVICE EFFECTIVE DATE, THE SUM OF (A) THE
ACTUAL AMOUNTS PAID BY CHOBANI TO IDAHO POWER UNDER THIS
AGREEMENT FOR THE MONTHS THAT HAVE PASSED SINCE THE SERVICE
EFFECTIVE DATE AND (B) THE PROJECTED AMOUNTS TO BE PAID BY
CHOBANI TO IDAHO POWER UNDER THIS AGREEMENT (CALCULATED
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BASED ON THE AVERAGE AMOUNT PAID BY CHOBANI UNDER THIS
AGREEMENT DURING THE MONTHS THAT HAVE PASSED) FOR THE
REMAINING NUMBER OF MONTHS NECESSARY TO REACH AN
AGGREGATE OF TWELVE MONTHS. PROVIDED, HOWEVER, THAT THE
FOREGOING LIMITATION IN THIS SUBSECTION 12.2(b) SHALL NOT APPLY
TO DIRECT DAMAGES ARISING OUT OF (i) CLAIMS ARISING OUT OF A
PARTY’S FRAUD OR INTENTIONAL MISCONDUCT OR (ii) A PARTY’S
INDEMNIFICATION OBLIGATIONS WITH RESPECT TO THIRD PARTY CLAIMS
FOR BODILY INJURY OR PROPERTY DAMAGE.
12.3 Nothing in this Section 12 shall be construed to limit Chobani’s payment obligations
to Idaho Power under this Agreement. The provisions of Section 12 shall survive the
termination or expiration of this Agreement.
SECTION 13. – FORCE MAJEURE
13.1 As used in this Agreement, “Force Majeure” or “an event of Force Majeure” means
any event or circumstance beyond the reasonable control of a Party which, despite the
exercise of due diligence, such Party is unable to prevent, avoid, or overcome. Force
Majeure includes, but is not limited to, acts of God, fire, flood, storms, wars, hostilities,
terrorism, civil strife, strikes and other labor disturbances, earthquakes, fires, lightning,
epidemics, pandemics or public health emergencies, sabotage, or changes in law or
regulation occurring after the Execution Date, in each case to the extent such event was
not reasonably foreseeable and could not reasonably have been avoided by the exercise
of due diligence. If either Party is rendered wholly or in part unable to perform its
obligations under this Agreement because of an event of Force Majeure, the affected
Party’s affected obligations shall be suspended for the duration of the event of Force
Majeure without liability provided that: (1) the affected Party promptly provides the other
Party written notice of the Force Majeure event, including the nature, cause, date and
time of the commencement of such event, and the anticipated scope and duration of the
delay; (2) the suspension of performance shall be of no greater scope and of no longer
duration than is required by the event of Force Majeure; (3) no obligations of either Party
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which arose before the occurrence causing the suspension of performance and which
could and should have been fully performed before such occurrence shall be excused as
a result of such occurrence. Financial hardship or inability to pay, whether resulting from
a Force Majeure event or otherwise, shall not constitute an event of Force Majeure and
shall not excuse any payment obligation under this Agreement.
SECTION 14. – COMMISSION JURISDICTION AND APPROVAL
14.1 This Agreement and the respective rights and obligations of the Parties hereunder,
shall be subject to: (a) Idaho Power’s General Rules and Regulations as now or hereafter
in effect and on file with the IPUC and (b) to the jurisdiction and regulatory authority of the
IPUC and the laws of the State of Idaho.
14.2 This Agreement is subject to, is expressly conditioned upon, and shall become
effective upon the approval by the IPUC of all terms and provisions hereof without change
or condition.
14.3 The rates set forth in this Agreement and Schedule 35 are subject to the continuing
jurisdiction of the IPUC. The rates under this Agreement are subject to change and
revision by order of the IPUC upon a finding, supported by substantial competent
evidence, that such rate change or revision is just, fair, reasonable, sufficient, non-
preferential, and nondiscriminatory. It is the Parties’ intention by such provision that the
rate making standards to be used in making any revisions or changes in rates, and the
judicial review of any revisions or changes in rates, will be the same standards that are
applicable to Idaho intrastate tariff rates.
SECTION 15. – NOTICES
15.1 Any notice required to be provided in writing pursuant to this Agreement shall be
directed to the other Party as set forth in Exhibit 1.
15.2 Written notice provided for or given in connection with this Agreement shall be
deemed to have been duly served when (i) delivered in person or (ii) sent by mail or
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courier, return receipt requested, addressed as set forth in Exhibit 1. Such notice will be
deemed given as of the date of receipt.
SECTION 16. – MISCELLANEOUS
16.1 Idaho Power Integrated Resource Planning. Upon request from Idaho Power,
Chobani agrees to provide an updated 20-year load forecast using the Annual Load
Forecast Template provided as Exhibit 2 to this Agreement, or such other form reasonably
acceptable to Idaho Power, as requested by Idaho Power but no more frequently than
twice in any calendar year. This forecast shall provide a good faith estimate of expected
load including any known planned additions to the Chobani Facility.
16.2 No Partnership. Neither Party shall be deemed an agent, partner, joint venturer, or
employee of the other Party.
16.3 Waiver. Waiver of any right, privilege, claim, obligation, condition, or default must
be in writing and signed by the waiving Party. No waiver by a Party of any rights or breach
of this Agreement shall be deemed or construed as a waiver of any other preceding or
subsequent right or breach of this Agreement.
16.4 Severability. If any term, provision or condition of this Agreement is held to be
invalid, void or unenforceable, (a) that provision or condition shall be deemed severable
from this Agreement, (b) the remainder of this Agreement will continue in full effect as if
the severed provision had not been included, and (c) to the extent practicable, such
provision shall be replaced by a valid and enforceable substitution provision that achieves
the benefit of the bargain intended by the Parties to the greatest extent permitted by
applicable law.
16.5 Choice of Law and Venue. This Agreement shall be governed by and construed in
accordance with the laws of the State of Idaho, and venue for any court proceeding arising
out of this Agreement shall be in Ada County, Idaho.
16.6 Survival. In addition to the survival of contract terms that are specifically provided
for in this Agreement, the Parties agree that any other provisions which by their nature or
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in accordance with ordinary legal principles are intended to survive shall, to the extent
necessary to enforce or resolve matters or claims that arise prior to the termination or
expiration of this Agreement, survive the termination or expiration of this Agreement.
16.7 Headings and Titles. All the headings, titles, subheadings, and subtitles herein are
inserted as a matter of convenience and reference only. They in no way define, limit,
extend, or describe the scope or intent of this Agreement.
(Signature page follows)

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IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be
executed by the duly authorized representatives as of the date first set forth above.
CHOBANI, LLC

By:
Name:
Title:

IDAHO POWER COMPANY

By:
Name:
Title:

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VP of Engineering & PM
Mark Eberhard
COO
Adam Richins
Exhibit 1 - 1
EXHIBIT 1
to
Chobani Special Contract
between Idaho Power Company and Chobani, LLC
dated April 1, 2026
NOTICES INFORMATION
If to Idaho Power:
Idaho Power Company
ATTN: Vice President of Regulatory Affairs
1221 West Idaho Street (83702)
P.O. Box 70
Boise, Idaho 83707
tel: [phone]
fax: [phone]
email: [e-mail]
If to Chobani : Chobani, LLC
200 Lafayette Street
New York, NY 10012
With a copy to: Chobani, LLC
Attn: General Counsel
Email: [e-mail]
May 26, 2026
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Exhibit 2 - 1
EXHIBIT 2
to
Chobani Special Contract
between Idaho Power Company and Chobani, LLC
dated April 1, 2026
ANNUAL LOAD FORECAST TEMPLATE
Chobani Peak - Actual and Forecast
(maximum demand - megawatts by year)
2026 2027
Year Forecast Forecast
2026 - -
2027 - -
2028 - -
2029 - -
2030 - -
2031 - -
2032 - -
2033 - -
2034 - -
2035 - -
2036 - -
2037 - -
2038 - -
2039 - -
2040 - -
2041 - -
2042 - -
2043 - -
2044 - -
2045 - -
2046 - -
Month Peak (MW)Month Peak (MW)Month Peak (MW)Month Peak (MW)Month Peak (MW)
Jan-26 - Jan-27 - Jan-28 - Jan-29 - Jan-30 -
Feb-26 - Feb-27 - Feb-28 - Feb-29 - Feb-30 -
Mar-26 - Mar-27 - Mar-28 - Mar-29 - Mar-30 -
Apr-26 - Apr-27 - Apr-28 - Apr-29 - Apr-30 -
May-26 - May-27 - May-28 - May-29 - May-30 -
Jun-26 - Jun-27 - Jun-28 - Jun-29 - Jun-30 -
Jul-26 - Jul-27 - Jul-28 - Jul-29 - Jul-30 -
Aug-26 - Aug-27 - Aug-28 - Aug-29 - Aug-30 -
Sep-26 - Sep-27 - Sep-28 - Sep-29 - Sep-30 -
Oct-26 - Oct-27 - Oct-28 - Oct-29 - Oct-30 -
Nov-26 - Nov-27 - Nov-28 - Nov-29 - Nov-30 -
Dec-26 - Dec-27 - Dec-28 - Dec-29 - Dec-30 -
MONTHLY MONTHLY MONTHLY MONTHLY MONTHLY
LOAD FORECAST LOAD FORECAST LOAD FORECAST LOAD FORECAST LOAD FORECAST
Peak demand (megawatts)
0
0
0
0
0
1
1
1
1
1
1
2026 2031 2036 2041 2046
2025 Forecast - Peak
May 26, 2026
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Exhibit 2 - 2

ANNUAL LOAD FORECAST TEMPLATE
(CONTINUED)

Chobani Energy - Actual and Forecast
(thousands of megawatthours by year)
2026 2027
Year Forecast Forecast
2026 - -
2027 - -
2028 - -
2029 - -
2030 - -
2031 - -
2032 - -
2033 - -
2034 - -
2035 - -
2036 - -
2037 - -
2038 - -
2039 - -
2040 - -
2041 - -
2042 - -
2043 - -
2044 - -
2045 - -
2046 - -
Month Energy (MWh)Month Energy (MWh)Month Energy (MWh)Month Energy (MWh)Month Energy (MWh)
Jan-26 - Jan-27 - Jan-28 - Jan-29 - Jan-30 -
Feb-26 - Feb-27 - Feb-28 - Feb-29 - Feb-30 -
Mar-26 - Mar-27 - Mar-28 - Mar-29 - Mar-30 -
Apr-26 - Apr-27 - Apr-28 - Apr-29 - Apr-30 -
May-26 - May-27 - May-28 - May-29 - May-30 -
Jun-26 - Jun-27 - Jun-28 - Jun-29 - Jun-30 -
Jul-26 - Jul-27 - Jul-28 - Jul-29 - Jul-30 -
Aug-26 - Aug-27 - Aug-28 - Aug-29 - Aug-30 -
Sep-26 - Sep-27 - Sep-28 - Sep-29 - Sep-30 -
Oct-26 - Oct-27 - Oct-28 - Oct-29 - Oct-30 -
Nov-26 - Nov-27 - Nov-28 - Nov-29 - Nov-30 -
Dec-26 - Dec-27 - Dec-28 - Dec-29 - Dec-30 -
LOAD FORECAST
MONTHLY
Energy (000's of megawatthours)
MONTHLY
LOAD FORECAST
MONTHLY
LOAD FORECAST
MONTHLY MONTHLY
LOAD FORECAST LOAD FORECAST
0
0
0
0
0
1
1
1
1
1
1
2026 2031 2036 2041 2046
2025 Forecast - Energy
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BEFORE THE

IDAHO PUBLIC UTILITIES COMMISSION

CASE NO. IPC-E-26-19

IDAHO POWER COMPANY

ATTACHMENT NO. 2

TARIFF SCHEDULE 35

Idaho Power Company

I.P.U.C. No. 30, Tariff No. 101 Original Sheet No. 35-1
IDAHO Issued by IDAHO POWER COMPANY
Issued per Order No. Timothy E. Tatum, Vice President, Regulatory Affairs
Effective - 1221 West Idaho Street, Boise, Idaho

SCHEDULE 35
IDAHO POWER COMPANY
ELECTRIC SERVICE RATE
FOR
CHOBANI, LLC.

SPECIAL CONTRACT DATED May 26, 2026

POWER FACTOR ADJUSTMENT

Where the Customer’s Power Factor is less than 95 percent, as determined by measurement
under actual load conditions, the Company may adjust the kW measured to determine the Billing Demand
by multiplying the measured kW by 95 percent and dividing by the actual Power Factor. If a Power Factor
adjustment is necessary, the application of the adjustment will be applied to each respective Block at that
Block’s Billing Demand Charge.

Block 1 means the first 20,000 kilowatt of the aggregate power requirement at the Chobani Facility.

Block 2 means the aggregate power requirement at the Chobani Facility exceeding the first 20,000
kilowatt.

Block 1 Energy is the Block 1 Billing Demand multiplied by the Monthly Load Factor multiplied by the
number of hours in the billing month. Block 1 Energy will be subject to the applicable Block 1 Energy
Charge.

Block 2 Energy is the Block 2 Billing Demand multiplied by the Monthly Load Factor multiplied by the
number of hours in the billing month. Block 2 Energy will be subject to the applicable Block 2 Energy
Charge.

Monthly Load Factor is the total aggregate energy consumption at the Chobani Facility for the billing
month divided by the number of hours in the billing month divided by the sum of Block 1 and Block 2
Billing Demand.

Idaho Power Company

I.P.U.C. No. 30, Tariff No. 101 Original Sheet No. 35-2
IDAHO Issued by IDAHO POWER COMPANY
Issued per Order No. Timothy E. Tatum, Vice President, Regulatory Affairs
Effective - 1221 West Idaho Street, Boise, Idaho

SCHEDULE 35
IDAHO POWER COMPANY
ELECTRIC SERVICE RATE
FOR
CHOBANI, LLC.
(Continued)

TIME PERIODS

The time periods are defined as follows. All times are stated in Mountain Time.

Summer Season
On-Peak: 7:00 p.m. to 11:00 p.m. Monday through Saturday, except holidays
Mid-Peak: 11:00 p.m. to 10:00 a.m. and 2:00 p.m. to 7:00 p.m. Monday through
Saturday, except holidays
Off-Peak: 10:00 a.m. to 2:00 p.m. Monday through Saturday and all hours on Sunday
and holidays

Non-summer Season
On-Peak: 6:00 a.m. to 9:00 a.m. and 5:00 p.m. to 8:00 p.m. Monday through
Saturday, except holidays
Mid-Peak: 9:00 a.m. to 10:00 a.m., 2:00 p.m. to 5:00 p.m., and 8:00 p.m. to 6:00 a.m.
Monday through Saturday, except holidays
Off-Peak: 10:00 a.m. to 2:00 p.m. Monday through Saturday and all hours on Sunday
and holidays

The holidays observed by the Company are New Year’s Day (January 1), Memorial Day (last
Monday in May), Independence Day (July 4), Labor Day (first Monday in September), Thanksgiving Day
(fourth Thursday in November), and Christmas Day (December 25). When New Year’s Day,
Independence Day, or Christmas Day falls on a Sunday, the Monday immediately following that Sunday
will be considered a holiday.

SUMMER AND NON-SUMMER SEASONS

The summer season begins on June 1 of each year and ends on September 30 of each year. The
non-summer season begins on October 1 of each year and ends on May 31 of each year.

Idaho Power Company

I.P.U.C. No. 30, Tariff No. 101 Original Sheet No. 35-3
IDAHO Issued by IDAHO POWER COMPANY
Issued per Order No. Timothy E. Tatum, Vice President, Regulatory Affairs
Effective - 1221 West Idaho Street, Boise, Idaho

SCHEDULE 35
IDAHO POWER COMPANY
ELECTRIC SERVICE RATE
FOR
CHOBANI, LLC.
(Continued)

BLOCK 1

BASIC LOAD CAPACITY

The Basic Load Capacity is the average of the two greatest monthly Billing Demands established
during the 12-month period which includes and ends with the current Billing Period, but not less than
1,000 kW for Large Power Service.

BILLING DEMAND

The Billing Demand is the average kW supplied during the 15-consecutive-minute period of
maximum use during the Billing Period, adjusted for Power Factor.

ON-PEAK BILLING DEMAND

The On-Peak Billing Demand is the average kW supplied during the 15-minute period of maximum
use during the Billing Period for the On-Peak time period.

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).

Summer Non-summer

Service Charge, per month $450.00 $450.00

Basic Charge, per kW of
Basic Load Capacity $2.32 $2.32

Demand Charge, per kW of
Billing Demand $13.51 $12.68

On-Peak Demand Charge, per kW of
On-Peak Billing Demand $2.14 n/a

Energy Charge, per kWh
On-Peak 5.3694¢ 4.4112¢
Mid-Peak 3.9145¢ 3.8960¢
Off-Peak 3.6018¢ 3.6187¢

Idaho Power Company

I.P.U.C. No. 30, Tariff No. 101 Original Sheet No. 35-4
IDAHO Issued by IDAHO POWER COMPANY
Issued per Order No. Timothy E. Tatum, Vice President, Regulatory Affairs
Effective – 1221 West Idaho Street, Boise, Idaho

SCHEDULE 35
IDAHO POWER COMPANY
ELECTRIC SERVICE RATE
FOR
CHOBANI, LLC.
(Continued)

BLOCK 2

MONTHLY CHARGE

The Monthly Charge is the sum of the following charges, and may also include charges as set forth in
Schedule 91 (Energy Efficiency Rider), and Schedule 95 (Adjustment for Municipal Franchise Fees).

Daily Excess Demand Charge
$1.248 per each kW over the Contract Demand.

Monthly Contract Demand Charge
$3.12 per kW of Contract Demand.

Monthly Billing Demand Charge
$26.21 per kW of Billing Demand but not less than Minimum Monthly Billing Demand.

Energy Charge
Summer Non-Summer
Energy Charge, per kWh
On-Peak 5.2673¢ 4.8694¢
Mid-Peak 3.9049¢ 4.0163¢
Off-Peak 3.7335¢ 3.7008¢

Minimum Monthly Billing Demand
The Minimum Monthly Billing Demand will be the Contract Demand less 5,000 kilowatts, but not
less than 20,000 kilowatts.