HomeMy WebLinkAbout20240123_IPCE2404_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: JANUARY 23, 2024
SUBJECT: IN THE MATTER OF COMMISSION STAFF’S APPLICATION TO
UPDATE IDAHO POWER COMPANY’S COST OF CAPITAL INPUTS IN
THE SURROGATE AVOIDED RESOURCE METHODOLOGY; CASE NO.
IPC-E-24-04.
On January 18, 2024, Commission Staff (“Staff”) applied to the Commission requesting
the Commission update inputs to the surrogate avoided resource method (“SAR Method”) model
used by the Commission to calculate Idaho Power Company’s (“Company’s”) published avoided
cost rates (“Application”). The Application was triggered by the update of the cost of capital from
the Company’s most recent general rate case (Case No. IPC-E-23-11). Staff requested the proposed
published avoided cost rates be retroactively effective January 1, 2024.
STAFF RECOMMENDATION
Staff recommended the Commission issue a Notice of Application and Notice of Modified
Procedure establishing a 21-day public comment deadline, and a 7-day reply comment deadline.
COMMISSION DECISION
Does the Commission wish to issue a Notice of Application and Notice of Modified
Procedure establishing a 21-day public comment deadline, and a 7-day reply comment deadline?
__________________________
Michael Duval
Deputy Attorney General
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