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HomeMy WebLinkAbout20230829_PAC2318_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 29, 2023 SUBJECT: IN THE MATTER OF ROCKY MOUNTAIN POWER’S APPLICATION FOR A DEFERRED ACCOUNTING ORDER RELATED TO INSURANCE COSTS; CASE NO. PAC-E-23-18 On August 21, 2023, Rocky Mountain Power, a division of PacifiCorp (“Company”), applied for authority to defer incremental costs associated with the Company’s commercial insurance coverage. The Company proposes to defer Idaho’s allocated share of the incremental costs for insurance coverage. The Company estimates the incremental cost to be $92.3 million— the difference between the $32.7 million already included in rates and estimated insurance costs of $125 million for policy period beginning August 15, 2023, or later. The Company would record the incremental costs as a regulatory asset in Federal Energy Regulatory Commission (“FERC”) Account 182.3. STAFF RECOMMENDATION Staff recommends that the Commission issue a Notice of Application and Notice of Modified Procedure, setting a public comment deadline of November 9, 2023, and a company reply deadline of November 16, 2023. COMMISSION DECISION Does the Commission wish to issue a Notice of Application and Notice of Modified Procedure, setting a public comment deadline of November 9, 2023, and a company reply deadline of November 16, 2023? _____________________________ Adam Triplett Deputy Attorney General