20240124Compliance Filing.pdf

LISA D. NORDSTROM
Lead Counsel
[e-mail]

January 24, 2023

VIA ELECTRONIC DELIVERY

Monica Barrios-Sanchez, 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 2023 Update

Dear Ms. Barrios-Sanchez:

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 2023.
 A confidential redlined version of the Standard (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.
 A confidential clean and redlined version of the Policy.

Idaho Power modified the Standards and Policy 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 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.
RECEIVED
Wednesday, January 24, 2024 3:31PM
IDAHO PUBLIC
UTILITIES COMMISSION
Monica Barrios-Sanchez, Secretary
Idaho Public Utilities Commission
January 24, 2023
Page 2

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

Sincerely,

Lisa D. Nordstrom

LDN:sg
Enclosures
cc: Terri Carlock (w/encls.)