20121031News Release.pdf

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NEWS RELEASE
Idaho Power Requests Recovery of Investments in Custom Efficiency Projects
Idaho Power has filed a proposal to include Custom Efficiency program investments in rates. The
Custom Efficiency program is designed to provide financial incentives to commercial and
industrial customers for implementing customized energy efficiency programs at their sites to
reduce electrical usage. Through this program, Idaho Power has been able to attain verified
cost-effective energy savings that benefit all customers through lower net power supply
expenses.
BOISE, Idaho, Oct. 31, 2012 -- On Oct. 22, the Idaho Public Utilities Commission (IPUC) issued an
order stating that the investments Idaho Power made in 2011 for Custom Efficiency projects
were prudently incurred. On Oct. 31, Idaho Power filed a proposal to recover those amounts in
rates. The incremental annual revenue requested in this filing is $2,949,340, a 0.32% increase.
We are requesting an effective date of Dec. 1, 2012 in this filing.
However, we anticipate the IPUC will evaluate our request over a longer period of time such
that any resulting rate change will not become effective until June 1, 2013, to coincide with
other annual rate changes associated with the Power Cost Adjustment (PCA) and the Fixed Cost
Adjustment (FCA). If our request is approved, this charge will be included as part of the "Annual
Adjustment Mechanism" line item on customer bills, which currently contains charges
associated with the PCA and FCA.
The chart below illustrates the overall percentage change for each major customer class as a
result of this filing. The varying percentages of overall increase for each customer class reflect
the differences in the price each class pays for electricity.
REVENUE IMPACT BY CLASS
Percentage Change from Current Billed Revenue
Residential Small General
Service
Large General
Service
Large Power Irrigation Overall
Change
0.25% 0.20% 0.36% 0.49% 0.32% 0.32%
The typical Idaho residential customer using 1,050 kilowatt-hours (kWh) of energy per month
will see an increase of approximately $0.23 on monthly summer and non-summer bills.
more-more-more P.O. Box 70 (83707)
1221 W. Idaho St.
Boise, ID 83702
Idaho Power Files Annual Power Cost Adjustment (PCA)
Page 2 of 2
Opportunities for Public Review
Idaho Power's filing is a proposal that is subject to public review and approval by the IPUC.
Copies of the application are available to the public at the IPUC offices (472 W. Washington St.,
Boise), Idaho Power offices or on Idaho Power's website, www.idahopower.com or the IPUC
website, www.puc.idaho.gov . You can view additional, related materials, including frequently
asked questions and a news release on the filing at www.idahopower.com/rates.
About Idaho Power Company:
Idaho Power began operations in 1916. Today, the electric utility employs approximately 2,000
people who serve more than 500,000 customers throughout a 24,000-square-mile area in
southern Idaho and eastern Oregon. With 17 low-cost hydroelectric projects as the core of its
generation portfolio, Idaho Power's residential, business and agricultural customers pay among
the nation's lowest rates for electricity. IDACORP, Inc. (NYSE: IDA) is the investor-owned utility's
parent company based in Boise, Idaho. To learn more, visit www.idahopower.com or
www.idacorpinc.com .
Contact: Stephanie McCurdy
Communication Specialist
Idaho Power
208-388-6973 and [e-mail]
1-800-458-1443 media line
###
An IDACORP Company
NEWS RELEASE
Idaho Power Requests Recovery of Investments in Custom Efficiency Projects
Idaho Power has filed a proposal to include Custom Efficiency program investments in rates. The
Custom Efficiency program is designed to provide financial incentives to commercial and
industrial customers for implementing customized energy efficiency programs at their sites to
reduce electrical usage. Through this program, Idaho Power has been able to attain verified
cost-effective energy savings that benefit all customers through lower net power supply
expenses.
BOISE, Idaho, Oct. 31, 2012 -- On Oct. 22, the Idaho Public Utilities Commission (IPUC) issued an
order stating that the investments Idaho Power made in 2011 for Custom Efficiency projects
were prudently incurred. On Oct. 31, Idaho Power filed a proposal to recover those amounts in
rates. The incremental annual revenue requested in this filing is $2,949,340, a 0.32% increase.
We are requesting an effective date of Dec. 1, 2012 in this filing.
However, we anticipate the IPUC will evaluate our request over a longer period of time such
that any resulting rate change will not become effective until June 1, 2013, to coincide with
other annual rate changes associated with the Power Cost Adjustment (PCA) and the Fixed Cost
Adjustment (FCA). If our request is approved, this charge will be included as part of the "Annual
Adjustment Mechanism" line item on customer bills, which currently contains charges
associated with the PCA and FCA.
The chart below illustrates the overall percentage change for each major customer class as a
result of this filing. The varying percentages of overall increase for each customer class reflect
the differences in the price each class pays for electricity.
REVENUE IMPACT BY CLASS
Percentage Change from Current Billed Revenue
Residential Small General
Service
Large General
Service
Large Power Irrigation Overall
Change
0.25% 0.20% 0.36% 0.49% 0.32% 0.32%
The typical Idaho residential customer using 1,050 kilowatt-hours (kWh) of energy per month
will see an increase of approximately $0.23 on monthly summer and non-summer bills.
P0. Box 70 83707 more-more-more 1221 W. Idaho St.
Boise, ID 83702
Idaho Power Files Annual Power Cost Adjustment (PCA)
Page 2 of 2
Opportunities for Public Review
Idaho Power's filing is a proposal that is subject to public review and approval by the IPUC.
Copies of the application are available to the public at the IPUC offices (472 W. Washington St.,
Boise), Idaho Power offices or on Idaho Power's website, www.idahopower.com or the IPUC
website, www.puc.idaho.gov . You can view additional, related materials, including frequently
asked questions and a news release on the filing at www.idahopower.com/rates.
About Idaho Power Company:
Idaho Power began operations in 1916. Today, the electric utility employs approximately 2,000
people who serve more than 500,000 customers throughout a 24,000-square-mile area in
southern Idaho and eastern Oregon. With 17 low-cost hydroelectric projects as the core of its
generation portfolio, Idaho Power's residential, business and agricultural customers pay among
the nation's lowest rates for electricity. IDACORP, Inc. (NYSE: IDA) is the investor-owned utility's
parent company based in Boise, Idaho. To learn more, visit www.idahopower.com or
www.idacorpinc.com .
Contact: Stephanie McCurdy
Communication Specialist
Idaho Power
208-388-6973 and [e-mail]
1-800-458-1443 media line
An IDACORP Company
NEWS RELEASE
Idaho Power Requests Recovery of Investments in Custom Efficiency Projects
Idaho Power has filed a proposal to include Custom Efficiency program investments in rates. The
Custom Efficiency program is designed to provide financial incentives to commercial and
industrial customers for implementing customized energy efficiency programs at their sites to
reduce electrical usage. Through this program, Idaho Power has been able to attain verified
cost-effective energy savings that benefit all customers through lower net power supply
expenses.
BOISE, Idaho, Oct. 31, 2012 -- On Oct. 22, the Idaho Public Utilities Commission (IPUC) issued an
order stating that the investments Idaho Power made in 2011 for Custom Efficiency projects
were prudently incurred. On Oct. 31, Idaho Power filed a proposal to recover those amounts in
rates. The incremental annual revenue requested in this filing is $2,949,340, a 0.32% increase.
We are requesting an effective date of Dec. 1, 2012 in this filing.
However, we anticipate the IPUC will evaluate our request over a longer period of time such
that any resulting rate change will not become effective until June 1, 2013, to coincide with
other annual rate changes associated with the Power Cost Adjustment (PCA) and the Fixed Cost
Adjustment (FCA). If our request is approved, this charge will be included as part of the "Annual
Adjustment Mechanism" line item on customer bills, which currently contains charges
associated with the PCA and FCA.
The chart below illustrates the overall percentage change for each major customer class as a
result of this filing. The varying percentages of overall increase for each customer class reflect
the differences in the price each class pays for electricity.
REVENUE IMPACT BY CLASS
Percentage Change from Current Billed Revenue
Residential Small General
Service
Large General
Service
Large Power Irrigation Overall
Change
0.25% 0.20% 0.36% 0.49% 0.32% 0.32%
The typical Idaho residential customer using 1,050 kilowatt-hours (kWh) of energy per month
will see an increase of approximately $0.23 on monthly summer and non-summer bills.
more-more-more P. Box 70 (83707)
1221 W. Idaho St.
Boise, 10 83702
Idaho Power Files Annual Power Cost Adjustment (PCA)
Page 2of2
Opportunities for Public Review
Idaho Power's filing is a proposal that is subject to public review and approval by the IPUC.
Copies of the application are available to the public at the IPUC offices (472 W. Washington St.,
Boise), Idaho Power offices or on Idaho Power's website, www.idahopower.com or the IPUC
website, www.Duc.idaho.gov. You can view additional, related materials, including frequently
asked questions and a news release on the filing at www.idahopower.com/rates.
About Idaho Power Company:
Idaho Power began operations in 1916. Today, the electric utility employs approximately 2,000
people who serve more than 500,000 customers throughout a 24,000-square-mile area in
southern Idaho and eastern Oregon. With 17 low-cost hydroelectric projects as the core of its
generation portfolio, Idaho Power's residential, business and agricultural customers pay among
the nation's lowest rates for electricity. IDACORP, Inc. (NYSE: IDA) is the investor-owned utility's
parent company based in Boise, Idaho. To learn more, visit www.idahopower.com or
www.idacorpinc.com .
Contact: Stephanie McCurdy
Communication Specialist
Idaho Power
208-388-6973 and [e-mail]
1-800-458-1443 media line
###
IDAHO
;,•,
An IDACORP Company
NEWS RELEASE
Idaho Power Requests Recovery of Investments in Custom Efficiency Projects
Idaho Power has filed a proposal to include Custom Efficiency program investments in rates. The
Custom Efficiency program is designed to provide financial incentives to commercial and
industrial customers for implementing customized energy efficiency programs at their sites to
reduce electrical usage. Through this program, Idaho Power has been able to attain verified
cost-effective energy savings that benefit all customers through lower net power supply
expenses.
BOISE, Idaho, Oct. 31, 2012 -- On Oct. 22, the Idaho Public Utilities Commission (IPUC) issued an
order stating that the investments Idaho Power made in 2011 for Custom Efficiency projects
were prudently incurred. On Oct. 31, Idaho Power filed a proposal to recover those amounts in
rates. The incremental annual revenue requested in this filing is $2,949,340, a 0.32% increase.
We are requesting an effective date of Dec. 1, 2012 in this filing.
However, we anticipate the IPUC will evaluate our request over a longer period of time such
that any resulting rate change will not become effective until June 1, 2013, to coincide with
other annual rate changes associated with the Power Cost Adjustment (PCA) and the Fixed Cost
Adjustment (FCA). If our request is approved, this charge will be included as part of the "Annual
Adjustment Mechanism" line item on customer bills, which currently contains charges
associated with the PCA and FCA.
The chart below illustrates the overall percentage change for each major customer class as a
result of this filing. The varying percentages of overall increase for each customer class reflect
the differences in the price each class pays for electricity.
REVENUE IMPACT BY CLASS
Percentage Change from Current Billed Revenue
Residential Small General
Service
Large General
Service
Large Power Irrigation Overall
Change
0.25% 0.20% 0.36% 0.49% 0.32% 0.32%
The typical Idaho residential customer using 1,050 kilowatt-hours (kWh) of energy per month
will see an increase of approximately $0.23 on monthly summer and non-summer bills.
P.O. Box 70 (83707) more-more-more 1221 W. Idaho St.
Boise, ID 83702
Idaho Power Files Annual Power Cost Adjustment (PCA)
Page 2of2
Opportunities for Public Review
Idaho Power's filing is a proposal that is subject to public review and approval by the IPUC.
Copies of the application are available to the public at the IPUC offices (472 W. Washington St.,
Boise), Idaho Power offices or on Idaho Power's website, www.idahopower.com or the IPUC
website, www.puc.idaho.gov . You can view additional, related materials, including frequently
asked questions and a news release on the filing at www.idahopower.com/rates.
About Idaho Power Company:
Idaho Power began operations in 1916. Today, the electric utility employs approximately 2,000
people who serve more than 500,000 customers throughout a 24,000-square-mile area in
southern Idaho and eastern Oregon. With 17 low-cost hydroelectric projects as the core of its
generation portfolio, Idaho Power's residential, business and agricultural customers pay among
the nation's lowest rates for electricity. IDACORP, Inc. (NYSE: IDA) is the investor-owned utility's
parent company based in Boise, Idaho. To learn more, visit www.idahopower.com or
www.idacorpinc.com .
Contact: Stephanie McCurdy
Communication Specialist
Idaho Power
208-388-6973 and [e-mail]
1-800-458-1443 media line
###