20161108Errata.pdf

RECE IVED
LISA D. NORDSTROM
Lead Counsel
[e-mail]
20 i6 · DV -8 PM 4: 02
November 8, 2016
VIA HAND DELIVERY
Jean D. Jewell, Secretary
Idaho Public Utilities Commission
472 West Washington Street
Boise, Idaho 83702
Re: Case No. IPC-E-16-24
An IDACORP company
Idaho Power's Application to Increase Rates to Recover Costs Associated
with the North Valmy Power Plant -Errata to Application
Dear Ms. Jewell:
Enclosed for filing in the above matter are an original and seven (7) copies of the
Errata to the Application filed in this matter on October 21, 2016. The Application contains
a typographical error in paragraph 22 on the reference to the overall increase of the
proposed rate change. Therefore, Idaho Power Company is filing the enclosed Errata in
order to correct the error.
If you have any questions about this Errata or this matter, please do not hesitate to
contact me.
LDN/kkt
Enclosures
Very truly yours,
{~j)__cy'~
Lisa D. Nordstroril
LISA D. NORDSTROM (ISB No. 5733)
Idaho Power Company
1221 West Idaho Street (83702)
P.O. Box 70
Boise, Idaho 83707
Telephone: [phone]
Facsimile: [phone]
[e-mail]
Attorneys for Idaho Power Company
RE CEIVED
2016 ,OV -8 PM 4: 03
.f1,.-~; ;.:., FlJ3LIC
'T'I i. ·;::COMMISSION
BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION
IN THE MA TIER OF IDAHO POWER )
COMPANY'S APPLICATION FOR )
AUTHORITY TO INCREASE ITS RATES )
FOR ELECTRIC SERVICE TO RECOVER )
COSTS ASSOCIATED WITH THE NORTH )
VALMY POWER PLANT. )
CASE NO. IPC-E-16-24
ERRATA TO APPLICATION
On October 21, 2016, Idaho Power Company ("Idaho Power" or "Company'') filed
an Application for an order authorizing the Company to: (1) accelerate the depreciation
schedule for the North Valmy Power Plant ("Valmy") to allow the plant to be fully
depreciated by December 31, 2025, (2) establish a balancing account to track the
incremental costs and benefits associated with the accelerated Valmy end-of-life date,
and (3) adjust customer rates to recover the associated incremental annual levelized
revenue requirement of $28.50 million with an effective date of June 1, 2017.
In that Application, Idaho Power had a typographical error on the reference to the
overall increase of the proposed change:
22. The Company proposes to allocate the increase
related to the Valmy balancing account using the
jurisdictional separation study methodology consistent with
ERRATA TO APPLICATION - 1
that utilized to detennine the Idaho jurisdictional revenue
requirement in Case No. IPC-E-11-08. The Company
requests that the incremental revenue requirement of
approximately $28.50 million be recovered from all customer
classes through a unifonn percentage increase to all base
rate components except the service charge. The proposed
change equates to an overall increase of 3.10 percent ( see
Attachment No. 1 ).
Idaho Power Application at 10.
Therefore, Idaho Power hereby files this Errata to correct the typographical error
referencing the proposed overall increase:
22. The Company proposes to allocate the increase
related to the Valmy balancing account using the
jurisdictional separation study methodology consistent with
that utilized to detennine the Idaho jurisdictional revenue
requirement in Case No. IPC-E-11-08. The Company
requests that the incremental revenue requirement of
approximately $28.50 million be recovered from all customer
classes through a unifonn percentage increase to all base
rate components except the service charge. The proposed
change equates to an overall increase of 2.51 percent ( see
Attachment No. 1 ).
DATED at Boise, Idaho, this 8th day of November 2016.
Attorney for Idaho Power Company
ERRATA TO APPLICATION - 2