20170315News Release.pdf

38ffi*@
An roAcoRP companyli:i,Ii:./fD
' : ... i ..': c'r 1,. 11t,. i , I J r ir ti.r._C
NEWS RELEASE
ldaho Power Files Annual Fixed Cost Adjustment
This annual filing odjusts electric prices for ldoho Residentiol ond Small General Service customers.
The Fixed Cost Adjustment updotes prices bosed on chonges in energy use per customer during
the previous year.
BOISE, ldaho, March L5,20L7 -- Today ldaho Power filed its annual Fixed Cost Adjustment (FCA)
with the ldaho Public Utilities Commission (IPUC). This year's FCA filing requests an increase of
about Sg.gO million for Residentialand SmallGeneralService customers. lf the proposa! is
approved as filed, the price change for an average ldaho Power residential customer in ldaho
uslng 1,000 kilowatt-hours of energy per month would be an increase of about Sf .Sf per month
beginningJune 1, 2OL7.
FCA Price Change by Class: Percentage Change from Current Billed Rates
Small
General
Residential Service
Overall
Change*
Fixed Cost
Adjustment (FCAI t.29%L.33o/o 7.29o/o
*The overall percentage change for Residential and Small Genera! Service customers
The FCA is a true-up mechanism that separates energy sales from revenue to eliminate financial
disincentives for ldaho Power to invest in demand-side management. The FCA annually adjusts
prices up or down based on changes in energy use per customer during the previous year.
Because ldaho Power encourages the wise use of electricity through our energy efficiency
programs and efforts, energy use per customer may decline. But even if customer energy use
goes down, we still need to recover our fixed costs. Fixed costs include those associated with
long lasting infrastructure-things like generation plants, power lines, substations and other
equipment-as well as certain administrative costs.
The FCA allows ldaho Power to recover a Commission-authorized level of fixed costs per
customer. lf, because of reduced energy use per customer during the prior year, we collect less
than the authorized fixed-cost amount, we're allowed to collect the difference through a
P0. 8r:x 70 (83707)
1221 W. ldaho St.
Boise, lD 83702
more-more-more
ldaho Power Files Annual Fixed Cost Adjustment
Page 2 of 2
surcharge. lf we collect more than the authorized amount, we'!l refund the difference to
customers through a credit.
Opportunities for Public Review
ldaho 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 1472 W. Washington St.,
Boise, ldaho, 837O2l,ldaho Power offices or on ldaho 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 ldaho Power's
application may be filed with the !PUC. You can view additional related materials about the
filing at idahopower.com/rates.
About ldaho Power Company:
ldaho Power, headquartered in Boise, ldaho, and locally operated since 1916, is an electric
utility that employs more than 2,000 people who serve approximately 535,000 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 idahopower.com or idacorpinc.com
Contact:Stephanie McCurdy
Communicatlon Specialist
ldaho Power
208-388-6973 and SMcCu [e-mail]
1-800-458-1443 media line
###