20170127Errata2.pdf

An IOACORP Company
RECEIVED
LISA D. NORDSTROM 2017 J..i 27 PM t;: 28
Lead Counsel
[e-mail]
January 27, 2017
VIA HAND DELIVERY
Diane Hanian, Secretary
Idaho Public Utilities Commission
472 West Washington Street
Boise, Idaho 83702
Re: Case No. IPC-E-16-24
., F:.1L 1C . -. ·~;-)fs/MIS ION
Idaho Power's Application to Increase Rates to Recover Costs Associated
with the North Valmy Power Plant -Second Errata to Application
Dear Ms. Hanian:
Enclosed for filing in the above matter are an original and seven (7) copies of the
Second Errata to Idaho Power Company's ("Idaho Power'' or "Company")Application filed
in this matter on October 21, 2016. The Application contains an error in paragraph 8 when
referencing the average price Idaho Power received for off-system sales in 2011, 2015,
and year-to-date 2016. This is the same error that was corrected in the Direct Testimony
of Tom Harvey on December 23, 2016. The change has no impact on the economic
analyses performed regarding the operating life of Valmy or the conclusions presented by
the Company in its original filing. Idaho Power is filing the enclosed Errata in order to
correct the error and regrets any confusion this may cause.
If you have any questions about this Errata or this matter, please do not hesitate to
contact me.
LDN/kkt
Enclosures
cc: Service List
Very truly yours,
c;K~£J.~~
Lisa D. Nordstrom
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
BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION
IN THE MATTER 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
SECOND 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 an error in paragraph 8 when referencing
the average price Idaho Power received for off-system sales in 2011, 2015, and year-to­
date 2016:
SECOND ERRATA TO APPLICATION -1
8. Significant changes in Valmy operations have
occurred between 2010 and 2014. In 2011, the average
price Idaho Power received for off-system sales was $22.71
per MW compared to 2015 when the average price Idaho
Power received for off-system sales was only $11 .82 per
MW. Moreover, year-to-date 2016, Idaho Power's average
price for off-system sales is only $8.76 per MW.
Idaho Power Application at 5.
Therefore, Idaho Power hereby files this Second Errata to correct the error
referencing the average price received for off-system sales:
8. Significant changes in Valmy operations have
occurred between 2010 and 2014. In 2011, the average
price Idaho Power received for off-system sales was $24.56
per MW compared to 2015 when the average price Idaho
Power received for off-system sales was only $19.57 per
MW. Moreover, year-to-date 2016, Idaho Power's average
price for off-system sales is only $15.77 per MW.
DATED at Boise, Idaho, this 2]1h day of January 2017.
~A-~ S0.NORDSTR
Attorney for Idaho Power Company
SECOND ERRATA TO APPLICATION -2