20160106Compliance Filing.pdf

An IDACORp Company
LISA D. NORDSTROM
Lead Counsel
I [e-mail]
January 5,2016
VIA HAND DELIVERY
Jean D. Jewell, Secretary
ldaho Public Utilities Commission
472 West Washington Street
Boise, ldaho 83702 lii
Case No. IPC-E-01-b8 - Compliance Filing - Changes to Energy Risk
Management Standards - December 2015 Update
Dear Ms. Jewell:
The IDACORP, lnc., Energy Risk Management Standards ("Standards"), adopted
pursuant to the IDACORP, lnc., Energy Risk Management Policy ("Policy"), require that any
modifications to the Policy and Standards be filed with the ldaho Public Utilities Commission
("Commission") upon approval by the Audit Committee of the Board of Directors of ldaho Power
Company ("!daho Powe/' or "Company"). Accordingly, enclosed are an original and three (3)
confidential copies of the updated Standards (including the redlined version of each page that
was changed), as approved by the Audit Committee of the Board of Directors. ln addition,
ldaho Power has enclosed an original and three (3) copies of a Counsel Certificate certifying
that these changes were approved by the IDACORP Board of Directors.
ldaho Power modified the Standards to more accurately reflect the analysis in Section
5.4, to revise position titles in Appendix D, and to update the Risk Guidelines limits for the 2015-
2016 Power Cost Adjustment year in Appendix F based on feedback from the Customer
Advisory Group. These changes to the Standards did not impact the Policy, which the
Company did not modify.
Please note that the Standards contain wholesale market strategy that is commercially
sensitive and if disclosed freely could subject ldaho Power or its customers to risk of competitive
disadvantage or other business injury. The undersigned attorney, in accordance with RP 67,
certifies that the Standards contain information that is a trade secret as described in ldaho Code
S 74-101, ef seg., and $ 48-801, ef seg., and as such is exempt from public inspection,
examination, or copying.
lf you have any questions, please contact me at [phone].
Sincerely,
LDN:kkt
Enclosures
Randy Lobb (w/encls.)
Terri Carlock (w/encls.)
<IHm*
ldaho Public Utilities Commission
Officc of the SearetarvRECEIVED
JAN 0 5 2016
Bolss.ldaho
X,r*ilY4 o^/J.rr,--
Lisa D. NordstromL
IDAIIO POWER COMPAI\TY
COTINSEL CERTIF'ICATE
I, Brian R. Buckham, in my capacrty as Lead Counsel of ldaho Power Company, an Idaho
corporation ("Idaho_Pqwet"), do hereby certiff on behalf of Idaho Power that at a regular meeting of the
Audit Committee of the Board of Directors of Idaho Power (the "Committee") held on November 19,
2015, the Committee adopted the following resolution:
RESOLVED, that the Energy Risk Management Standards, including the
appendices thereto, are hereby approved in the form or substantially the form
presented to the Committee at this meeting.
IN WITNESS WHEREOF, the undersigned has executed this certificate on behalf of Idaho
Power, in his capacity as legal counsel to Idaho Power and not in his individual capacity, as of January 5,
2016.
IDAHO POWER COMPANTY
Brian R. Buckham
Lead Counsel
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