20130509Price Schedule Update.pdf

HO PNER®
An IDACORP Company
P11 t: 55
JULIA A. HILTON
Corporate Counsel
Ihiltonidahopower.com TlJT1E.. t Cl
May 8, 2013
VIA HAND DELIVERY
Jean D. Jewell, Secretary
Idaho Public Utilities Commission
472 West Washington Street
Boise, Idaho 83702
Re: Case No. IPC-E-06-34
Hot Springs Windfarm Firm Energy Sales Agreement - 20-Year Pricing
Schedule Update
Dear Ms. Jewell:
On December 26, 2006, in Case No. IPC-E-06-34, Idaho Power Company
("Idaho Power") filed an Application with the Idaho Public Utilities Commission
("Commission") for approval of the Firm Energy Sales Agreement ("Agreement")
between Idaho Power and Hot Springs Windfarm, LLC ("Hot Springs") under which
Idaho Power will purchase electric energy generated by Hot Springs. The Commission
approved the Agreement on February 20, 2007, in Order No. 30246.
Idaho Power was notified by Hot Springs that the 20-year pricing schedule
contained within this Agreement did not extend through the full term of the Agreement
(2028) due to a 12-month delay of the scheduled Operation Date. Idaho Power has
sent the enclosed letter to Hot Springs for its records.
To ensure this is properly documented and to prevent any potential confusion,
Idaho Power seeks to include this letter and its letter containing pricing schedule
updates for Hot Springs with the original Agreement. Therefore, enclosed for filing are
an original and seven (7) copies of the aforementioned letters.
Please contact me if you have any comments, questions, or concerns.
Sincerely,
Julia A. Hilton
JAH :csb
Enclosures
cc: Richard Free (w/encl.)
1221 W. Idaho St. (83702)
P.O. Box 70
Boise, ID 83707
:.
An IDACORP Company
May 3, 2013
Hot Springs Wind Farm, LLC
do Exelon Wind, LLC
Attn: Richard Free, Director, Utility and Regulatory Process Support
4601 Westown Parkway, Suite 300
West Des Moines, IA 50266
Sent Via: Email ([e-mail] ), Certified Mail
Subject: Hot Springs Wind Farm - Project Number —21615105
Dear Richard,
Recently you contacted Idaho Power regarding your discovery that the pricing schedules contained in
Article VII of the Firm Energy Sales Agreements (Agreement) between Bennett Creek Wind Farm,
LLC and Idaho Power Company dated 12/20/2006 do not extend through the full 20 year term of the
Agreement.
The pricing within this Agreement contains the standard published avoided cost rates in accordance
with Idaho Public Utilities Commission (IPUC) order 29646 which was in effect at the time this
Agreement was executed. The Agreement does contain 20 years of pricing, however due to the actual
Operation Date of 12/15/2008, the full 20 year term of the Agreement extends to December 2028.
Review of IPUC Order 29646 provides pricing for 2028 as follows:
Article VII: PURCHASE PRICE AND METHOD OF PAYMENT
7.1 Base Energy Purchase Price:
Season 1 - (73.50 %) Season 2 - (120.00 %) Season 3 -(100.00%)
Year Mills/kWh Mills/kWh Mills/kWh
2028 62.50 102.04 85.04
Page 1 o!'2
Idaho Power will file this information with the IPUC and ask that it be included with the original
agreement. However, if the IPUC determines that additional information or specific IPUC approval of
this information is required such prices shall not be effective until such Commission approval is
obtained.
If you have any questions please do not hesitate to contact me.
Sincerely,
Jill Glenn
Energy Contract Coordinator, Sr.
Idaho Power CompanyPower Suppy
Jg1ntidahopoWer. corn
208-388-2265
cc: Donovan Walker (1PC)
Randy Aliphin (IPC)
Page
P 0 Box 70 Boise. Idaho 83707 1 22 1 W Idaho St. Bose, Idaho 93702