20220114Compliance Filing.pdf

LISA D. NORDSTROM
Lead Counsel
[e-mail]
January 14, 2022
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 2021 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 any 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 2021. Note that the Policy was reviewed
internally, but no changes were made
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
in order 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:
Update several aspects of Section 8 of the Standard, which focuses on types of legal
documentation, controls, roles and responsibilities for maintaining such
documentation
Incorporate Appendix F Risk Guidelines for the 2022-2023 Power Cost Adjustment
year, which were developed by Idaho Power with input from the Customer Advisory
Group and
Make clarifying edits and minor terminology corrections.
RECEIVED
2022 JAN 14 AM 10:31
IDAHO PUBLIC
UTILITIES COMMISSION
Jan Noriyuki, Secretary
Idaho Public Utilities Commission
January 14, 2022
Page 2

Please note that 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.

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, Cheryl W. Thompson, in my capacity as Senior Counsel and Deputy Corporate Secretary of Idaho Po'INer 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 18, 2021, 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 6, 2022.
IDAHO POWER COMPANY
By: �� __ Y __ _.,,......._ Cheryl W. ompson
Senior Co nsel and Deputy C Secretary