20230113Compliance Filing.pdf

LISA D. NORDSTROM
Lead Counsel
[e-mail]
January 13, 2023
VIA ELECTRONIC DELIVERY
Jan Noriyuki, Secretary
Idaho Public Utilities Commission
11331 W. Chinden Boulevard
Building 8, Suite 201-A
Boise, Idaho 83714
Re: Case No. IPC-E-01-16 - Compliance Filing – Changes to Energy Risk
Management Policy and Standards – November 2022 Update
Dear Ms. Noriyuki:
The Idaho Power Energy Risk Management Standards (“Standards”), adopted pursuant
to the Idaho Power Energy Risk Management Policy (“Policy”), require that modifications to the
Standards and Policy be filed with the Idaho Public Utilities Commission (“Commission”) upon
approval by the Audit Committee of the Board of Directors of Idaho Power Company (“Idaho
Power” or “Company”). Accordingly, enclosed are:
A confidential copy of the updated Standards as approved by the Audit Committee
of the Board of Directors in November 2022. Note that the Policy was reviewed
internally but no changes were made at this time;
A confidential redlined version of each page in the Standard that was changed
(noting that the updated tables in Appendix F described below do not show as redlines
to maintain readability); and
A Counsel Certificate certifying that these changes were approved by the Idaho
Power Audit Committee.
Idaho Power modified the Standards to:
Incorporate Appendix F Risk Guidelines for the 2023-2024 Power Cost Adjustment
year, which were developed by Idaho Power with input from the Customer Advisory
Group, and
Make routine updates and immaterial formatting and punctuation changes that have
not otherwise affected the content of the document.
The Policy and Standards contain wholesale market strategy that is commercially
sensitive and if disclosed freely could subject Idaho Power or its customers to risk of competitive
disadvantage or other business injury. The undersigned attorney, in accordance
RECEIVED
Friday, January 13, 2023 2:40:43 PM
IDAHO PUBLIC
UTILITIES COMMISSION
Jan Noriyuki, Secretary
Idaho Public Utilities Commission
January 13, 2023
Page 2

with RP 67, certifies that the Policy and Standards contain information that is a trade secret as
described in Idaho Code § 74-101, et seq., and § 48-801, et seq., and as such is exempt from
public inspection, examination, or copying.

If you have any questions, please contact me at [phone].

Sincerely,

Lisa D. Nordstrom

LDN:maa
Enclosures
cc: Terri Carlock (w/encls.)
IDAHO POWER COMPANY
COUNSEL CERTIFICATE

I, Shelli Stewart, in my capacity as Senior Counsel of Idaho Power Company, an Idaho
corporation (“Idaho Power”), do hereby certify 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 17, 2022, the Committee adopted the following resolution:

RESOLVED, that the amendments to Idaho Power Company’s Energy Risk
Management Standard, in the form or substantially the form presented to the Audit
Committee at this meeting, are hereby approved.

IN WITNESS WHEREOF, the undersigned has executed this certificate on behalf of Idaho
Power Company, in her capacity as legal counsel to Idaho Power and not in her individual
capacity, as of January 12, 2023.

IDAHO POWER COMPANY

By:
Shelli Stewart
Senior Counsel
RECEIVED
Friday, January 13, 2023 2:41:09 PM
IDAHO PUBLIC
UTILITIES COMMISSION