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Home My WebLink About20100423notice_of_rec_management_plan_filing.pdfOffice of the Secretary Service Date April 23, 2010 BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION IN THE MATTER OF THE APPLICATION OF IDAHO POWER COMPANY FOR AUTHORITY TO RETIRE ITS GREEN TAGS. CASE NO. IPC-08- NOTICE OF REC MANAGEMENT PLAN FILING NOTICE OF MODIFIED PROCEDURE ORDER NO. 31062 On May 20, 2009, in response to an Application filed by Idaho Power, the Commission issued a final Order directing Idaho Power to sell its eligible 2007 and 2008 Green Tags! generated by the Elkhorn Valley Wind Project and the Raft River Geothermal Project and to include the proceeds from the sale in the Company s 2010 Power Cost Adjustment (PCA) calculation. Order No. 30818. The Commission also directed the Company to formulate a business plan regarding the disposition of Green Tags generated in 2009 and later. Idaho Power filed its REC Management Plan with the Commission on December 30 , 2009. YOU ARE HEREBY NOTIFIED that for existing long-term power purchase agreements (PPAs) such as Elkhorn Valley Wind Project and the Raft River Geothermal Project in which Idaho Power receives RECs as part of the agreement, Idaho Power plans to sell the near-term RECs and return the customers' share of the proceeds through the PCA while continuing to acquire and hold long-term contractual rights to own RECs for use in meeting a future federal renewable energy standard. YOU ARE FURTHER NOTIFIED that for existing PURPA and REC generating projects that provide output to Idaho Power under mid- to long-term contracts, if a mutually agreeable price can be reached with the project owner, Idaho Power s Plan would allow it to enter into contracts to purchase the project's RECs on a mid- to long-term basis with the expectation that the REC acquisition costs will be treated as a PCA expense. Idaho Power intends to sell the near-term RECs and return the customers' share of proceeds through the PCA 1 Green Tags are also commonly referred to as renewable energy credits (RECs). NOTICE OF REC MANAGEMENT PLAN FILING NOTICE OF MODIFIED PROCEDURE ORDER NO. 31062 while continuing to acquire and hold long-term contractual rights to own RECs for use in meeting a future federal renewable energy standard. YOU ARE FURTHER NOTIFIED that for new long-term power purchase agreements Idaho Power intends to continue to acquire long-term rights to the RECs for use in meeting a future federal renewable energy standard, while selling the near-term RECs and returning the customers' share of the proceeds through the PCA. YOU ARE FURTHER NOTIFIED that, to the extent Idaho Power s small hydroelectric projects can be certified as renewable under other states' renewable portfolio standards, Idaho Power intends to consider selling the near-term RECs as opportunities become available and return the customers' share of the proceeds through the PCA. NOTICE OF MODIFIED PROCEDURE YOU ARE FURTHER NOTIFIED that the Commission will proceed under Modified Procedure pursuant to the Commission s Rules of Procedure 201 through 204, IDAPA 31.01.01.201 through .204. The Commission notes that Modified Procedure (with written comments) has proven to be an effective means for obtaining public input and participation in cases of this nature. YOU ARE FURTHER NOTIFIED that any person desiring to state a position on Idaho Power s REC Management Plan may file a written comment in support or opposition with the Commission no later than twenty-one (21) days from the service date of this Order. The comment must contain a statement of reasons supporting the comment. Persons desiring a hearing must specifically request a hearing in their written comments. Written comments shall be mailed to the Commission and the parties at the addresses reflected below: NOTICE OF REC MANAGEMENT PLAN FILING NOTICE OF MODIFIED PROCEDURE ORDER NO. 31062 Commission Secretary Idaho Public Utilities Commission PO Box 83720 Boise, ID 83720-0074 Street Address for Express Mail: Lisa Nordstrom Barton L. Kline Idaho Power Company PO Box 70 Boise, ID 83707-0070 Email: lnordstrom~idahopower.com bkl ine~i dahopower .com 472 W. Washington Street Boise, ID 83702-5918 Mark Stokes Karl Bokenkamp Idaho Power Company PO Box 70 Boise, ID 83707-0070 E-mail: mstokes~idahopower.com kbo kenkamp~idahopower .com These comments should contain the case caption and case number shown on the first page of this document.Persons desiring to submit comments via e-mail may do so by accessing the Commission s home page located at www.puc.idaho.gov . Click the "Comments and Questions icon and complete the form using the case number as it appears on the front of this document. E- mail comments must also be sent to Idaho Power at the e-mail address listed above. YOU ARE FURTHER NOTIFIED that Idaho Power Company s REC Management Plan has been filed with the Commission and is available for public inspection during regular business hours at the Commission offices. The Plan is also available on the Commission s web site at www.puc.idaho.gov under "File Room" and then "Electric Cases. YOU ARE FURTHER NOTIFIED that all proceedings in this matter will be held pursuant to the Commission s jurisdiction under Title 61 of the Idaho Code. ORDER IT IS HEREBY ORDERED that the filing of Idaho Power s REC Management Plan be processed under Modified Procedure. Interested persons and the parties may file written comments no later than twenty-one (21) days from the service date of this Order. NOTICE OF REC MANAGEMENT PLAN FILING NOTICE OF MODIFIED PROCEDURE ORDER NO. 31062 DONE by Order of the Idaho Public Utilities Commission at Boise, Idaho this ;2.:3 day of April 2010. e. !;, MD. SIDENT MARSHA H. SMITH, COMMISSIONER ATTEST: ~LD~ D. Jewe Commission Secretary 0: IPC-08-24 ks6 NOTICE OF REC MANAGEMENT PLAN FILING NOTICE OF MODIFIED PROCEDURE ORDER NO. 31062