20161222Customer Notice & News Release.pdf

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NEWS RELEASE i;_i,, ;.:, · Jo=·,: IC 11 'h·'"f •-I -1 . '";C,\i/f:i /SSION
Idaho Power Proposes Energy Efficiency Rider
Funding Adjustment, Customer Refund
An IDACORP company
Idaho Power believes the proposals will help manage the Rider funding balance while still
providing for timely recovery of all prudently incurred DSM expenditures.
BOISE, Idaho, Dec. 22, 2016 -Today, Idaho Power filed an application with the Idaho Public
Utilities Commission {IPUC) requesting to:
• Decrease the Energy Efficiency Rider (Rider) collection percentage from 4 percent to
3.75 percent of base rate revenues effective March l, 2017.
• Provide a one-time refund of $13 million of previously collected Rider funds to be
included in the 2017/2018 Power Cost Adjustment (PCA) effective June 1, 2017.
• Going forward, eliminate the annual transfer of certain Rider funds through the PCA.
The Energy Efficiency Rider pays for the analysis and implementation of demand side
management (DSM) programs. It is included on customers' monthly bills under the "Energy
Efficiency Services" line item.
If the proposal to decrease the Rider collection percentage is approved by the IPUC, the price
Idaho customers pay for electric service will reflect a decrease in annual revenue collection of
about $2.5 million beginning March 1. This is an overall percentage decrease of 0.22 from
current prices.
The typical Idaho residential customer using 1,000 kilowatt-hours (kWh) of energy per month
will see a decrease of about $0.22 on their monthly bill. The actual dollar amount of the
decrease will vary depending upon each customer's usage and the rate they pay.
Revenue Impact by Class: Percentage Change from Current Prices Rider Percentage Decrease
Residential Small Large Large
General General Power**
Service Service*
{0.22%) (0.22%) (0.22%) (0.22%)
*Includes lighting **Includes special contracts
more-more-more
Irrigation
(0.22%)
Overall
Change
(0.22%)
P.O. Box 70 (83707)
1221 W. Idaho St.
Boise, ID 83702
Idaho Power Proposes Energy Efficiency Rider
Funding Adjustment, Customer Refund
Page 2 of 2
This request will have no impact on existing and new DSM services; a full portfolio of demand
response and energy efficiency programs for all customers will continue to be offered.
Idaho Power is committed to energy efficiency initiatives and pursuing all cost-effective energy
efficiency. More at idahopower.com/energyefficiency.
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, 83702), Idaho Power offices or on Idaho Power's website, idahopower.com, or the
IPUC website, 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 Idaho Power's
application may be filed with the IPUC. You can view additional materials on the filing at
idahopower.com/rates.
About Idaho Power Company:
Idaho Power, headquartered in Boise, Idaho, and locally operated since 1916, is an electric
utility that employs more than 2,000 people who serve nearly 530,000 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 diverse generation portfolio, Idaho Power's residential, business and
agricultural customers pay among the nation's lowest rates for electricity. IDACORP, Inc. (NYSE:
IDA), Idaho Power's independent publicly traded parent company, is also headquartered in
Boise, Idaho. To learn more, visit idahopower.com or idacorpinc.com .
Contact: Stephanie Mccurdy
Communication Specialist
Idaho Power
208-388-6973 and [e-mail]
1-800-458-1443 media line
###
On December 22. Idaho Power
filed an application with the Idaho
Public Utilities Commission (IPUC)
requesting to:
• Decrease the Energy Efficiency Rider (Rider) collection
percentage from 4 percent to 3.75 percent of base rate
revenues effective March 1.
• Provide a one-time refund of $13 million of previously
collected Rider funds to be included in the 2017/2018
Power Cost Adjustment (PCA) effective June 1.
• Going forward, eliminate the annual transfer of certain
Rider funds through the PCA.
The Energy Efficiency Rider pays for the analysis and
implementation of demand side management (DSM)
programs. It is included on customers' monthly bills under
the "Energy Efficiency Services" line item.
Based on its current forecast of Rider funding and Rider
expenditures, Idaho Power believes the 3.75 percent Rider
collection percentage and a $13 million refund of previously
collected Rider funds will help to manage the Rider balance
while still providing adequate funding for the recovery of all
prudently incurred DSM expenditures.
How These Proposals
Will Change Prices
If the proposal to decrease the Rider collection percentage is
approved, the price Idaho customers pay for electric service
will reflect a decrease in annual revenue collection of about
$2.5 million beginning March 1. This is an overall percentage
decrease of 0.22 from current prices.
An IDACORP Companv
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The typical Idaho residential customer using 1,000 kilowatt­
hours (kWh) of energy per month will see a decrease of
about $0.22 on their monthly bill. The actual dollar amount
of the decrease will vary depending upon each customer's
usage and the rate they pay.
REVENUE IMPACT BY CLASS:
Percentage Change from Current Prices
Rider Percentage Decrease
Small Large Large Overall Residential General General Power0 Irrigation Change Service Service•
(0.22%) (0.22%) (0.22%) (0.22%) (0.22%) (0.22%)
'Includes Lighting Schedules 'Includes Special Contracts
This request will have no impact on existing and new
DSM services; a full portfolio of demand response and
energy efficiency programs for all customers will continue
to be offered.
Idaho Power is committed to energy efficiency initiatives
and pursuing all cost-effective energy efficiency. More at
idahopower.com/energyefficiency.
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, 83702), Idaho Power offices
or on Idaho Power's website, idahopower.com, or the
IPUC website, puc.idaho.gov. Customers also may sub­
scribe to the IPUC's RSS feed to receive periodic updates
via email about the case. Written comments regarding
Idaho Power's application may be filed with the IPUC.
You can view additional related materials on the filing at
idahopower.com/rates.
We value your business and appreciate you
taking the time to read this notice. Thank you.
~ 11111 W Youll!IID
Ii} Printed on recycled paper.
An IDACORP companv C2016 Idaho Power