20130605Acceptance of Agreement.pdf

HO
PNER®
An IDACORP Company
21113 HiY 3)[t:h5
JULIAA.HILTON
Corporate Counsel
jhilton(idahopower.com UiLlulES CO 1.
May31,2013
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,LLC,Firm Energy Sales Agreement —Project’s
Agreement to Pricing Schedule Update
Dear Ms.Jewell:
Enclosed for filing are an original and seven (7)copies of a letter signed by Richard
S.Free on behalf of Hot Springs Windfarm,LLC (“Hot Springs”)in which Mr.Free has
agreed,understood,and accepted the update to the pricing schedule contained in Hot
Springs’Firm Energy Sales Agreement.
Very truly yours,
Julia A.Hilton
JAH :csb
Enclosures
cc:Richard S.Free (w/encl.)
122 W.Idaho St.(83702)
P.O.Box 70
Boise,ID 83707
IHO
.PIVER
An DAC0PP Company
May 23,2013
Hot Springs Wind Farm,LLC
c/n 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 (Richard.Freeexetoncorp.com),Certified Mail
Subject:Hot Springs Wind farm -Project Number—21615105
Dear Richard,
Idaho Power previously provided you a letter dated May 3,2003 which addressed your request for an
update on the pricing schedule contained in Article VII of the Firm Energy Sales Agreements
(Agreement)between Hot Springs Wind Farm,LLC and Idaho Power Company dated 12/20/2006.
The pricing within this Agreement contains the standard published avoided cost rates in accordance
with Idaho Public Utilities Commission (IPUC)Order No.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 No.29646 provides pricing for 2028 as follows:
Article VII:PURCHASE PRICE AND METHOD Of PAYMENT
7.1 Base Energy Purchase Price:
Season I -(73.50 %)Season 2 -(120.00 %)Season 3 -(100.00 %)
Year Mills/kWh Mills/kWh Mills/kWh
2028 62.50 102.04 85.04
As stated in the last paragraph of the letter,Idaho Power filed this letter with the IPUC as an
informational copy.The IPUC has subsequently advised that the letter will require IPUC approval
and as part of that process Idaho Power seeks the project’s agreement to include the above-listed
standard published avoided cost prices in effect at the time the Agreement was signed for the final year
of the Agreement.
Page t2
Please execute this letter in the appropriate space provided below indicating your express agreement
with the prices to be included in the pricing schedule within the Agreement.Please return an originalsignedcopyofthislettertoCdahoPowerandwewillforwardittotheIPUCforinclusionintheappropriateIPUCcase.If a signed copy is not returned by May 31,2013 it will be assumed that theprojectdoesnotagreewiththeadditionalpricesandIdahoPowerwillwithdrawitsapplicationseekingapprovalandwillnotaddthesepricestotheexistingAgreement.
Agreed,Understood and Accepted:
Signature:
Title:/MV
Printed Name:)S.
Date:j.,-c/3
If you have any questions please do not hesitate to contact me.
Sincerely,
1 Glenn
Energy Contract Coordinator,Sr.
Idaho Power CompanyPower Suppy
Jglenn(ãidahopower.corn
208-388-2265
cc:Julta Hilton (IPU)
Donovan Walker (IPC)
Randy Allphin (IPC)
Pagc2of2
P 0 i3ox ‘CI Idaho 53’Cr 221 W lUau”Si.Boost,Idahu 83702