20170405Redacted Compliance Filing.pdf

sHmr.
An IDACORP Company
LISA D. NORDSTROM
Lead Counsel
I [e-mail]
Apnl 5,2017
VIA HAND DELIVERY
Diane Hanian, Secretary
ldaho Public Utilities Commission
472 West Washington Street
Boise, ldaho 83702
Case No. IPC-E-01-16 - Compliance Filing - Changes to Energy Risk
Management Policy and Standards - December 2016 Update
Dear Ms. Hanian:
The IDACORP, lnc., Energy Risk Management Standards ("Standards"), adopted
pursuant to the IDACORP, lnc., Energy Risk Management Policy ("Polict'), 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 Directorc of ldaho Power
Company ('ldaho Power' or "Compan/). Accordingly, enclosed are an original and three (3)
confidential copies of the updated Policy and 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 Audit Committee.
ldaho Power modified the Policy and Standards to revise the position titles of the
designated oversight officer and contact person and updated Appendix F of the Standards Risk
Guideline limits for the 2016-2017 Power Cost Adjustment year based on feedback from the
Customer Advisory Group.s
Additionally, the previous version of the Standards that was filed with the Commission on
January 5, 2016, was Version 6.0. The cunent version of the Standards in this filing is Version
8.0. On March 15, 2016, Appendix B was updated (creating Version 7.0) to reflect retirements
that changed the Risk Management Committee Members. Appendix B is also included in
redline format for your convenience. The Company did not file Version 7.0 in March 2016
because the changes did not reflect a material change to the parameters of the policy.
Please note that the Policy and 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 attomey, in accordance
with RP 67, certifies that the Policy and Standards contain information that is a trade secret as
described in ldaho Code $ 74-101, ef seg., and $ 48-801, ef seg., and as such is exempt from
public inspection, examination, or copying.
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Diane Hanian, Secretary
ldaho Public Utilities Commission
AprilS,2017
Page 2
lf you have any questions, please contact me at (208) 38&5825.
Sincerely,
Lisa
LDN:kkt
Enclosurescc: Randy Lobb (dencls.)
Teni Carlock (w/encls.)
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IDAHO POWER COMPAI\TY
COTINSEL CERTINCATE
I, Cheryl W. Thompson , in my capacrty as Corporate Counsel of Idaho Power Company, an
Idaho corporation ("Idaho Powet'), do hereby certifu on behalf of Idaho Power that at a regular meeting
of the Audit Committee of the Board of Directors of Idaho Power (the "Committce") held on November
17,2016, 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 her capacity as legal counsel to Idaho Power and not in her individual capaclty, as of April 5,
2017.
IDAHO POWER COMPANY
By:
Cheryl Thompson