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HomeMy WebLinkAbout20230815_AVUE2308_at.pdfDECISION MEMORANDUM 1 DECISION MEMORANDUM TO: COMMISSIONER ANDERSON COMMISSIONER HAMMOND COMMISSIONER LODGE COMMISSION SECRETARY COMMISSION STAFF LEGAL FROM: ADAM TRIPLETT DEPUTY ATTORNEY GENERAL DATE: AUGUST 15, 2023 SUBJECT: IN THE MATTER OF THE POWER COST ADJUSTMENT (PCA) ANNUAL RATE ADJUSTMENT FILING OF AVISTA COPRORATION; CASE NO. AVU-E-23-08. On July 31, 2023, Avista Corporation (“Company”), filed its annual Power Cost Adjustment (“PCA”) Application. The PCA is an annual adjustment mechanism that tracks changes in the Company’s “hydroelectric generation, secondary prices, thermal fuel costs, and other changes in power contract revenues and expenses.” Application at 2. The Company asks the Commission to approve a PCA surcharge rate of $0.499 per kilowatt-hour (“kWh”) for the period of October 1, 2023 to September 30, 2024. The Company represents that the proposed PCA surcharge would represent an increase from $0.150 per kWh currently being collected as approved in Order No. 35543. If approved, the new PCA surcharge would represent an overall increase of $11 million or 4.3% in Company revenues when accounting for the expiration of the existing surcharge. If approved, the average residential customer’s monthly bill would increase by $3.23, or 3.8%. The Company requests that this matter be processed by modified procedure effective October 1, 2023. STAFF RECOMMENDATION Staff recommends the Commission issue a Notice of Application and Notice of Modified Procedure establishing a September 12, 2023, public comment deadline, and a September 19, 2023 Company reply deadline. DECISION MEMORANDUM 2 COMMISSION DECISION Does the Commission wish to issue a Notice of Application and Notice of Modified Procedure establishing a September 12, 2023, public comment deadline, and a September 19, 2023, Company reply deadline? _____________________________ Adam Triplett Deputy Attorney General I:\Legal\ELECTRIC\AVU-E-23-08_PCA\memos\AVUE2308_dec_at.doc