20150415Press Release.pdf

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An IDACORP Company
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ldaho Power Files to Decrease Customer Rates
The company's onnuol Power Cost Adjustment will meon lower prices for customers if opproved
os filed. The filing olso includes revenue to be shared with customers.
BOISE, ldaho, April 15, 2015 -- Today ldaho Power filed its annual Power Cost Adjustment (PCA)
with the ldaho Public Utilities Commission (IPUC). lf the PCA proposal is approved by the IPUC,
the amount ldaho customers pay for electric service will decrease by $10.1 million beginning
June 1. Over the past PCA year (April 2OL4 - March 20L5) revenue from the PCA tracked more
closely with actua! power supply costs resulting in a lower proposed collection through this
year's PCA. The typical ldaho residential customer using 1,050 kilowatt-hours of energy per
month will see a decrease of about 50.47 on their monthly bill.
lncluded in the PCA calculations, customers wil! receive 58 million in revenue sharing, which is
S+00 thousand more than last year. Since 2OO9, customers have received a total of S1f8 million
in revenue sharing benefits.
2015 PCA Revenue Decrease by Class
Percentage Decrease from Current Billed Rates
Residential
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(o.4s%l
Small
General
Service
(0.o7%l
Large
General
Service
(L.L3o/ol
Large
Power
(L.es%l
lrrigation Overall
Decrease
l0.gLo/ol (0.9!o/ol
The PCA is a cost recovery tool that passes on both the benefits and costs of supplying energy
to ldaho Power customers. Neither ldaho Power nor its shareholders receive any financial
return on this filing-money collected from the surcharge can be used only to pay power supply
expenses. Power supply expenses typically represent approximately one-fourth to one-third of
the company's annual cost of serving customers.
For more information, see idahopower.com/PCA.
Opportunities for Public Review
P.O. Box 70 (83707)
1221 W. ldaho 5t.
Boise, lD 83702
more-more-more
ldaho Power Files to Decrease Customer Rates
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ldaho Powe/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 tPUC offices (472 W. Washington St.,
Boise, ldaho, 837021,ldaho Power offices or on ldaho Power's website, www.idahopower.com
or the IPUC website, www.puc.idaho.gov. Customers also may subscribe to the IPUC's RSS feed
to receive periodic updates via email about the case. Written comments regarding ldaho
Power's application may be filed with the IPUC. You can view additional related materials on
the filing at www.idahopower.com/rates.
About ldaho Power Company:
ldaho Power, headquartered in Boise, ldaho, and locally operated since 1915, is an electric
utility that employs more than 2,000 people who serve about 516,000 customers throughout a
24,000-square-mile area in southern ldaho and eastern Oregon. With 17 low-cost hydroelectric
projects as the core of its diverse generation portfolio, tdaho Power's residential, business and
agricultural customers pay among the nation's lowest rates for electricity. IDACORP, lnc. (NYSE:
IDA), ldaho Power's independent publicly traded parent company, is also headquartered in
Boise, ldaho. To learn more, visit www.idahopower.com or www.idacorpinc.com.
Contact: Stephanie McCurdy
Communication Specialist
ldaho Power
208-388-6973 and [e-mail]
1-800-458-1443 media line
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