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HomeMy WebLinkAbout20231106_IPCE2328_md.pdfDECISION MEMORANDUM 1 DECISION MEMORANDUM TO: COMMISSIONER ANDERSON COMMISSIONER HAMMOND COMMISSIONER LODGE COMMISSION SECRETARY COMMISSION STAFF LEGAL FROM: MICHAEL DUVAL DEPUTY ATTORNEY GENERAL DATE: NOVEMBER 6, 2023 SUBJECT: IN THE MATTER OF IDAHO POWER COMPANY’S APPLICATION TO IMPLEMENT THE RESIDENTIAL AND SMALL FARM CREDIT RATE EFFECTIVE JANUARY 1, 2024, THROUGH DECEMBER 31, 2025; CASE NO. IPC-E-23-28. On October 25, 2023, Idaho Power Company (“Company”) applied for authorization to implement the Bonneville Power Administration’s (“BPA”) residential and small farm energy rate credit from January 1, 2024, through December 31, 2025. The Company’s proposed credit rate would result in a $6,433,850 increase to eligible customers in Idaho. The Company asks that its Application be processed under Modified Procedure and requests an effective date of January 1, 2024. 2024-2025 RESIDENTIAL AND SMALL FARM RATE ADJUSTMENT The Company proposes to implement a rate credit of 0.3447 cents per kilowatt-hour (“kWh”) which represents the Company’s Idaho portion of benefits from the BPA Residential Exchange Program. Currently, the rate in Electric Service Schedule 98 - Residential and Farm Energy Credit is 0.002534 cents per kWh. The proposed credit would apply to customers in rate Schedules 1, 3, 5, 6, 7, 8, 9, 15, and 24. STAFF RECOMMENDATION Staff recommends the Commission issue a Notice of Application and Notice of Modified Procedure establishing a twenty-one (21) day public comment period and a seven (7) day Company reply. DECISION MEMORANDUM 2 COMMISSION DECISION Does the Commission wish to issue a Notice of Application and Notice of Modified Procedure establishing a twenty-one (21) day public comment period and a seven (7) day Company reply? ___________________________ Michael Duval Deputy Attorney General I:\Legal\ELECTRIC\IPC-E-23-28\memos\IPCE2328_dec1_mdkh.docx