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Home My WebLink AboutFinal Approved Tariffs.pdf LISA NORDSTROM Lead Counsel lnordstrom@idahopower.com May 28, 2015 ELECTRONICALLY FILED Jean D. Jewell, Secretary Idaho Public Utilities Commission 472 West Washington Street P.O. Box 83720 Boise, Idaho 83720-0074 Re: Case No. IPC-E-15-14, Power Cost Adjustment Compliance Filing – Revised Tariff Schedule 55 Dear Ms. Jewell: Idaho Power Company hereby submits the enclosed compliance filing in the above-captioned proceeding pursuant to Commission Order No. 33306, reflecting the change in rates with an effective date of June 1, 2015. Ninth Revised Sheet No. 55-1 Cancelling Eighth Revised Sheet No. 55-1 Fourth Revised Sheet No. 55-2 Cancelling Third Revised Sheet No. 55-2 Third Revised Sheet No. 55-3 Cancelling Second Revised Sheet No. 55-3 If you have any questions regarding this filing, please contact Tami White at 388- 6938 or twhite@idahopower.com. Very truly yours, Lisa D. Nordstrom LDN/kkt Enclosure RECEIVED 2015 May 28 PM 4:27 IDAHO PUBLIC UTILITIES COMMISSION Idaho Power Company Ninth Revised Sheet No. 55-1 Cancels I.P.U.C. No. 29, Tariff No. 101 Eighth Revised Sheet No. 55-1 IDAHO Issued by IDAHO POWER COMPANY Issued per Order No. 33306 Gregory W. Said, Vice President, Regulatory Affairs Effective – June 1, 2015 1221 West Idaho Street, Boise, Idaho SCHEDULE 55 POWER COST ADJUSTMENT APPLICABILITY This schedule is applicable to the electric energy delivered to all Idaho retail Customers served under the Company’s schedules and Special Contracts. These loads are referred to as "firm" load for purposes of this schedule. BASE POWER COST The Base Power Cost of the Company's rates is computed by dividing the sum of the Company's power cost components by firm kWh sales. The power cost components are segmented into three categories: Category 1, Category 2 and Category 3. Category 1 power costs include the sum of fuel expense and purchased power expense (excluding purchases from cogeneration and small power producers), less the sum of off-system surplus sales revenue and revenue from market-based special contract pricing. Category 2 power costs include purchased power expense from cogeneration and small power producers. Category 3 power costs include demand response incentive payments. The Base Power Cost is 2.1052 cents per kWh, which is comprised of Category 1 power costs of 1.1040 cents per kWh, Category 2 power costs of 0.9203 cents per kWh and Category 3 power costs of 0.0809 cents per kWh. PROJECTED POWER COST The Projected Power Cost is the Company estimate, expressed in cents per kWh, of the Category 1, Category 2 and Category 3 power cost components for the forecasted time period beginning April 1 each year and ending the following March 31. The Projected Power Cost is 2.3977 cents per kWh, which is comprised of Category 1 power costs of 1.3228 cents per kWh, Category 2 power costs of 1.0179 cents per kWh and Category 3 power costs of 0.0570 cents per kWh. TRUE-UP AND TRUE-UP OF THE TRUE-UP The True-up is based upon the difference between the previous Projected Power Cost and the power costs actually incurred. The True-up of the True-up is the difference between the previous year’s approved True-Up revenues and actual revenues collected. The total True-up is 0.2483 cents per kWh. EARNINGS SHARING Order Nos. 30978 and 32424 directed the Company to share a portion of its earnings above a certain threshold with customers through the annual Power Cost Adjustment. The following rate schedules will receive a rate reduction benefit associated with the Company’s 2014 earnings in the form of a cents per kWh rate. The Company’s Special Contract customers will receive rate reduction benefits associated with the Company’s 2014 earnings in the form of a monthly credit for each month of the rate effective period. Schedule Description ¢ per kWh 1 Residential Service (0.0713) 3 Master Metered Mobile Home Park (0.0679) 5 Residential – Time-of-Day Pilot Plan (0.0684) 7 Small General Service (0.0897) 9S Large General Service – Secondary (0.0534) 9P Large General Service – Primary (0.0463) IDAHO PUBLIC UTILITIES COMMISSION Approved Effective May 29, 2015 June 1, 2015 Per O.N. 33306 Jean D. Jewell Secretary Idaho Power Company Fourth Revised Sheet No. 55-2 Cancels I.P.U.C. No. 29, Tariff No. 101 Third Revised Sheet No. 55-2 IDAHO Issued by IDAHO POWER COMPANY Issued per Order No. 33306 Gregory W. Said, Vice President, Regulatory Affairs Effective – June 1, 2015 1221 West Idaho Street, Boise, Idaho SCHEDULE 55 POWER COST ADJUSTMENT (Continued) EARNINGS SHARING (Continued) 9T Large General Service – Transmission (0.0484) 15 Dusk to Dawn Lighting (0.1560) 19S Large Power Service – Secondary (0.0463) 19P Large Power Service – Primary (0.0410) 19T Large Power Service – Transmission (0.0394) 24 Agricultural Irrigation Service (0.0578) 40 Unmetered General Service (0.0639) 41 Street Lighting (0.1022) 42 Traffic Control Lighting (0.0452) Monthly Credit 26 Micron ($14,629.27) 29 Simplot ($ 5,656.11) 30 DOE ($ 6,528.59) TRANSFER OF DEMAND SIDE MANAGEMENT (“DSM”) RIDER FUNDS The following rate schedules will receive a rate reduction benefit associated with the transfer of DSM Rider funds in the form of a cents per kWh. Schedule Description ¢ per kWh 1 Residential Service (0.0286) 3 Master Metered Mobile Home Park (0.0286) 5 Residential – Time-of-Day Pilot Plan (0.0286) 7 Small General Service (0.0286) 9S Large General Service – Secondary (0.0286) 9P Large General Service – Primary (0.0286) 9T Large General Service – Transmission (0.0286) 15 Dusk to Dawn Lighting (0.0286) 19S Large Power Service – Secondary (0.0286) 19P Large Power Service – Primary (0.0286) 19T Large Power Service – Transmission (0.0286) 24 Agricultural Irrigation Service (0.0286) 40 Unmetered General Service (0.0286) 41 Street Lighting (0.0286) 42 Traffic Control Lighting (0.0286) 26 Micron (0.0286) 29 Simplot (0.0286) 30 DOE (0.0286) IDAHO PUBLIC UTILITIES COMMISSION Approved Effective May 29, 2015 June 1, 2015 Per O.N. 33306 Jean D. Jewell Secretary Idaho Power Company Third Revised Sheet No. 55-3 Cancels I.P.U.C. No. 29, Tariff No. 101 Second Revised Sheet No. 55-3 IDAHO Issued by IDAHO POWER COMPANY Issued per Order No. 33306 Gregory W. Said, Vice President, Regulatory Affairs Effective – June 1, 2015 1221 West Idaho Street, Boise, Idaho SCHEDULE 55 POWER COST ADJUSTMENT (Continued) POWER COST ADJUSTMENT The Power Cost Adjustment is the sum of: 1) 95 percent of the difference between the Projected Power Costs in Category 1 and the Base Power Costs in Category 1; 2) 100 percent of the difference between the Projected Power Costs in Category 2 and the Base Power Costs in Category 2; 3) 100 percent of the difference between the Projected Power Costs in Category 3 and the Base Power Costs in Category 3; 4) the True-ups; 5) Earnings Sharing; and 6) the transfer of DSM Rider funds. The monthly Power Cost Adjustment rates applied to the Energy rate of all metered schedules and Special Contracts are shown below. The rates below do not include the monthly Earnings Sharing credits for each of the Special Contract customers (Schedules 26, 29, and 30). The monthly Power Cost Adjustment applied to the per unit charges of the nonmetered schedules is the monthly estimated usage times the cents per kWh rates shown below. Schedule Description ¢ per kWh 1 Residential Service 0.4300 3 Mastered Metered Mobile Home Park 0.4333 5 Residential – Time-of-Day Pilot Plan 0.4329 7 Small General Service 0.4116 9S Large General Service – Secondary 0.4479 9P Large General Service – Primary 0.4549 9T Large General Service – Transmission 0.4529 15 Dusk to Dawn Lighting 0.3452 19S Large Power Service – Secondary 0.4550 19P Large Power Service – Primary 0.4602 19T Large Power Service – Transmission 0.4619 24 Agricultural Irrigation Service 0.4435 40 Unmetered General Service 0.4373 41 Street Lighting 0.3990 42 Traffic Control Lighting 0.4560 26 Micron 0.5012 29 Simplot 0.5012 30 DOE 0.5012 EXPIRATION The Power Cost Adjustment included on this schedule will expire May 31, 2016. IDAHO PUBLIC UTILITIES COMMISSION Approved Effective May 29, 2015 June 1, 2015 Per O.N. 33306 Jean D. Jewell Secretary