20180501Decision Memo.pdf

DECISION MBMORANDUM
TO:COMMISSIONER KJELLANDER
COMMISSIONER RAPER
COMMISSIONER ANDERSON
COMMISSION SECRETARY
COMMISSION STAFF
LEGAL
FROM:YAO YIN
SEAN COSTELLO, DEPUTY ATTORNEY GENERAL
DATE: MAY 1,2018
SUBJECT:UPDATE TO PUBLISHED AVOIDED COST RATES TO REFLECT AN
UPDATED NATURAL GAS PRICE FORECAST OF THE U.S. ENERGY
INFORMATION ADMINISTRATION, CASE NOS. AVU.E-18-04, IPC.E.l8.
05, PAC-E-18-02.
Pursuant to the Public Utility Regulatory Policies Act of 1978 (PURPA) and the
implementing regulations of the Federal Energy Regulatory Commission (FERC), the Idaho
Public Utilities Commission (Commission) has approved a Surrogate Avoided Resource (SAR)
methodology for calculating the published avoided cost rate at which PURPA qualifying
cogeneration and small power production facilities (QFs) are paid by Idaho Power, Avista, and
PacifiCorp. Avoided cost rates are the purchase price paid to QFs for purchases of QF capacity
and energy. The release of a new natural gas price forecast by the U.S. Energy Information
Administration (EIA) triggered an updated calculation of published avoided cost rates under the
SAR methodology.
UPDATED NATURAL GAS PRICE FORECAST
One of the key input variables in the computation of avoided cost rates in the SAR
methodology is a long-term natural gas price forecast. In accordance with the SAR methodology
approved in Order No. 32697, the "reference case" natural gas price forecast for the Mountain
Region's Electric Power sector published in EIA's Annual Energt Outlook serves as the basis for
computing published avoided cost rates. In Order No. 32697, the Commission also found that the
final release of the Annual Energy Outlook natural gas price forecast automatically triggers a
recalculation of the published avoided cost rates. In Order No. 32802, the Commission clarified
IDECISION MEMORANDUM
that an update should occur on June 1 or within 30 days of the final release of the Annual Energy
Outlook natural gas price forecast, whichever is later.
The Annual Energy Outlook 2017 was released on February 6,2018. A copy of the
relevant natural gas price forecast is attached.
STAFF'S ANNUAL UPDATE
Commission Staff has recomputed published avoided cost rates for PacifiCorp, Avista,
and Idaho Power, using the EIA's most recent natural gas price forecast. The new published
avoided cost rates, if approved, will decrease approximately loh ftom the current published rates
for all the generation types. Staff computed the rates for all three utilities and has attached a copy
to this Memorandum. Staff provided Idaho Power, Avista, and PacifiCorp with worksheets
showing the computation of the updated avoided cost rates on April 5, 2018, for review and
comment.
UTILITIES' RESPONSES
Both Avista and PacifiCorp acknowledged that the rates computed by Staff as
presented are correct.
Idaho Power concurred that the calculations provided by Staff are consistent with the
SAR methodology approved in Commission Orders Nos. 32697 and 32802. Idaho Power
Response Letter at l. However, it expressed concerns with the use of the reference case natural
gas price forecast for the Mountain Region's Electric Power sector included in the EIA's Annual
Energy Outlook. 1d.
Idaho Power argues that while Commission Order No. 32697 generically requires the
use of the EIA forecasts in the SAR methodology, it does not specify which data series must be
used. Id. Idaho Power disagreed with the use of the Mountain Region sector forecast, claiming
that it is not a representative forecast for natural gas prices because it represents pricing that is
higher than historical and expected natural gas transactions specific to Idaho Power. Id.
More specifically, Idaho Power claims that the use of the Mountain Region sector
forecast unreasonably inflates the SAR avoided cost prices and its customer should not have to
pay the inflated costs. 1d. Instead, Idaho Power suggests Commission Staff use the EIA's natural
gas spot price at Henry Hub: High Oil and Gas Resource and Technology forecast, adjusted for
2DECISION MEMORANDUM
Sumas and Idaho City Gate, which was also utilized in Idaho Power's 2017 Integrated Resource
Planning process and Incremental Cost IRP methodology. Id.t
Idaho Power states that it undertook a comparison between Staff s proposed avoided
cost rates and its suggested methodology and found that "[w]hen the Natural Gas Spot Price at
Henry Hub forecast is applied as the basis in the SAR methodology, the approximate decrease in
2}-year levelized avoided cost prices across all resource types, assuming an online year of 2018, is
$10.99 per megawatt-hour." Id. at l-2.
Idaho Power further states that it is experiencing increased development of new
PURPA QFs that are eligible for published avoided cost rates over the next several years. Id. at2.
These QFs must enter into new or replacement energy sales agreements where, according to Idaho
Power, use of the Mountain Region natural gas price forecast results in higher avoided costs. .Id.
In order to rectify this, Idaho Power suggests that each applicable Idaho utility should utilize its
own natural gas forecast stream in terms of computations made under the SAR methodology. Id.
STAFF RECOMMENDATION
Staff notes that the EIA's "reference case" natural gas price forecast for the Mountain
Region's Electric Power sector has been used to update published avoided cost rates since 2013.
In the analogous 2017 SAR avoided costs update case (Case No. IPC-E-17-07) Idaho Power filed
an objection to the use of the reference case, similarly asserting that the update to published
avoided cost rates should instead be calculated using the EIA Henry Hub: High Oil and Gas
Resource and Technology forecast. See Order No. 33778. Simultaneously with its approval of
Staff s proposed published avoided cost rates using the reference case, the Commission chose to
treat Idaho Power's objection as an application to initiate a generic proceeding to consider its
proposed change to the SAR methodology for calculating updated published avoided costs each
year. See GNR-E-I7-02; Order No. 33773.
The Commission issued a Notice of the generic proceeding, and set a deadline for
petitions to intervene. See Order No. 33778. The Commission received and granted five petitions
to intervene, and added Pacificorp as anecessary party to the generic case. See OrderNo. 33831.
The Commission then issued a Notice indicating the docket would proceed under Modified
Procedure. See Order No. 33831. However, certain parties asked the Commission to vacate the
t Staff disagreed with the Company changing its forecast away from EIA's Mountain Region sector
forecast to EIA's "High Oil and Gas Resource and Technology Case" forecast in the 20 I 7 IRP. ,See
Comments of the Commission Staffin Case No. IPC-E-17-11.
DECISION MEMORANDUM 3
Notice of Modified Procedure and schedule prefiled testimony and a technical hearing instead.
The Commission granted this request and directed the parties to confer about scheduling. See
Order No. 33848. Before that could occur, Idaho Power filed a Notice of Withdrawal, noting that
its withdrawal leaves in place Staff s published avoided cost rates, which were approved in Order
No. 33773 using the approved SAR methodology, including the reference case.
Staff believes that Idaho Power is now asserting a substantially similar argument as it
raised in 2017 through Case No. IPC-E-I7-07. With the one addition, or dissimilarity, being that
Idaho Power now asserts that each applicable Idaho utility should be able to use its own natural
gas forecast stream. However, in underlying substance, its "suggestion" is identical to its 2017
objection.
Staff recommends that its proposed updated rates be approved, effective June 1,2018
(per Order No. 32697), and that the Commission treat Idaho Power's suggestion in the same
manner that it treated its objection in 2017. Idaho Power was provided the opportunity to
prosecute its claims in Case No. GNR-E-17-02 but instead chose to withdraw its objection and,
therefore, the underlying case.
Staff appreciates Idaho Power's concerns as they relate to the lowering of avoided
customer costs, and will, if so ordered by the Commission, alter the existing approved SAR
methodology as the Commission sees fit. However, Staff believes that Idaho Power has the means
to make its arguments and suggestions, and provide evidence and analysis, in a separate docket.
Staff maintains that changing the natural gas price forecast in the statewide SAR methodology
requires more than a suggestion to Staff.
If an identical or modified proceeding-to GNR-E-17-02-were initiated, all electric
utilities and interested parties should have the opportunity to provide comment so the Commission
can more fully understand the full impact of Idaho Power's request. However, based on the fact
that Idaho Power withdrew the last docket ordered open by the Commission, Staff believes that
Idaho Power should bring its contentions in a docket on its own initiative.
PUBLIC COMMENTS
The Renewable Energy Coalition (REC) and the J.R. Simplot Company (Simplot) both
filed comments in opposition to Idaho Power's proposal in this matter.
REC argues that Commission Staffs traditional and approved EIA Annual Energy
outlook avoided cost rate update should be maintained as is. REC Comments at 1. REC states
DECISION MEMORANDUM 4
that the changes proposed by Idaho Power are significant and technical in nature and Idaho Power
has not put forth any testimony or other relevant evidence to support them. Id. at2.
Therefore, in line with Staff s recommendation, REC believes Idaho Power's request
should not be granted unless the Commission opens a docket that would give other stakeholders
notice and an opportunity to participate and comment in a formal evidentiary setting, including the
presentation of expert testimony at technical hearing. Id. at 1. REC also provided specific
arguments related to the differences between the EIA's Reference Case and the High and Low Oil
and Gas Resource and Technology cases and why the change would be so significant. Id. at2-5.
In a similar fashion to Staff and REC, Simplot objected to Idaho Power's suggested
changes to Staff s SAR methodology to calculation of avoided cost rates. Simplot states that it is
directly impacted by this issue because its current energy sales agreement with Idaho Power
expires in early 2019, and "Simplot will therefore be eligible to sell its cogenerated output under
the rates approved in this annual update." Simplot Comments at l.
Simplot views Idaho Power's suggestion as a major policy change put forth with a
misunderstanding of the Commission's prior explicit approval of the EIA "reference case" natural
gas price forecast, and outside of the proper procedural channels. Id. at 1,3-4. Simplot argues
that Idaho Power's proposed policy change should not be allowed to alter a longstanding,
automatic arurual recalculation of the published avoided cost rates without notice that other parties
should, or even may, intervene to review and comment on the forecast methodology. Id. at3.
Simplot argues, as Staff does above, that Idaho Power has already had the opportunity
to object and present its case related to this specific issue when the Commission treated Idaho
Power's 2017 objection as an application to commence a new generic case "so that other utility
and any interested parties can provided comments to fully inform the Commission about the
issue." Id. at 4 quoting Order No. 33773 at 3.
Finally, Simplot argues that Idaho Power's use of its proposed alternative gas forecast
in its 2017IRP does not imply Commission approval, due to the Commission's limited scope of
review of utility IRPs. /d. at 6. Procedurally, Simplot argues that Idaho Power has not asked for
or provided an opportunity in its request to address the issue with full opportunity for input and
participation from other interested parties. Id. at 6-7 .
5DECISION MEMORANDUM
Sean Costello
Deputy Attorney General
l\LegaI\ELECTRIC\A\4J-E- I 8-04\I,lemos\AVUEI 804_lPCEl 805_PACEI 8021ry_sc_Final.doc
6DECISION MEMORANDUM
COMMISSION DECISION
Does the Commission wish to accept Staff s updated published avoided cost rates for
Idaho Power, Avista, and PacifiCorp, effective June 1,2018?
Does the Commission wish to accept or take any action related to Idaho Power's
suggestion to calculate the SAR methodology with utility specific natural gas price forecast
streams? Namely whether Idaho Power's suggestion that its specific SAR avoided costs should be
recalculated using the EIA Henry Hub: High Oil and Gas Resource and Technology forecast
instead of the "reference case" natural gas price forecast for the Mountain Region's Electric Power
sector?
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AVISTA
AVOIDED COST RATES FOR WIND PROJECTS
June 01, 201 8
$/MWh
New Contracts and Replacement Contracts without Full Capacity Payments
Eligibility for these rates is limited to proiects 100 kW or smaller.
LEVELIZED NON-LEVELIZED
CONTRACT
LENGTH
(YEARS}
ON.LINE YEAR
CONTRACT
YEAR
NON.LEVELIZEO
RATES2018201 9 2020 2021 2022 2023
28.51
30.13
31.46
32.27
32.94
33.66
34.40
35.16
36.1 2
37.00
37.78
38.52
39.18
39.79
40.36
40.89
41.40
41.87
42.35
42.81
31.87
33.12
33.73
34.27
34.95
35.67
36.43
37.44
38.35
39.1 6
39.91
40.59
41.21
41.79
42.33
42.85
43.33
43.82
44.29
44.75
34.47
34.77
35.20
35.87
36.62
37.41
38.51
39.48
40.32
41.11
41.81
42.44
43.04
43.59
44.12
44.62
45.1 3
45.51
46.09
46.55
35.09
35.61
36.42
37.26
38.1 5
39.38
40.44
41.34
42.16
42.90
43.56
44.17
44.74
45.29
45.80
46.32
46.82
47.32
47.80
48.28
36.1 8
37.1 6
38.1 0
39.07
40.45
41.59
42.54
43.39
44.14
44.81
45.44
46.02
46.57
47.09
47.63
48.14
48.65
49.1 5
49.64
50.1 3
38.22
39.1 8
40.1 I
41.74
42.94
43.91
44.77
45.52
46.1 I
46.81
47.39
47.94
48.45
49.01
49.53
50.05
50.57
51.07
51.57
52.07
2018
201 I
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
28.51
31.87
34.47
35.09
36.1 8
38.22
40.22
42.46
47.15
48.76
50.02
51.61
52.72
53.81
55.22
56.34
57.79
59.06
61.65
63.1 2
65.1 8
67.26
69.35
71.53
73.99
76.44
Note: These rates will be further adjusted with the applicable integration charge.
Note: The rates shown in this table have been computed using the U.S. Energy lnformation Administration (ElA)'s Annual Energy
Outlook2018,releasedFebruary2018. SeeAnnualEnergyOutlook20lS,Table3.SEnergyPricesbySector-Mountainat
https ://www.eia. gov/outlooks/aeo/tables_ref .php
AVISTA Page 1
1
2
3
4
5
6
7II
10
11
12
13
14
15
16
17
18
19
20
AVISTA
AVOIDED COST RATES FOR SOLAR PROJECTS
June 01,2018
$/MWh
New Gontracts and Replacement Contracts without Full Capaclty Payments
Eligibility for these rates is limited to proiects 100 kW or smaller.
LEVELIZED NON.LEVELIZED
LENGTH
ON.LINE YEAR
CONTRACT
YEAR
NON.LEVELIZED
RATES2018201 I 2020 2021 2022 2023
1
2
J
4
5
6
7I
o
l0
11
12
13
14
15
16
't7
18
19
20
28.51
30.1 3
31.46
32.27
32.94
33.66
34.40
35.16
36.24
37.22
38.08
40.46
42.52
43.06
43.57
44.05
44.51
44.95
45.40
45.83
31 .87
33.1 2
33.73
34.27
34.95
35.67
36.43
37.58
38.60
39.50
42.13
44.38
44.89
45.39
45.86
46.31
46.74
47.19
47.62
48.05
34.47
34.77
35.20
35.87
36.62
37.41
38.68
39.77
40.72
43.65
46.12
46.61
47.09
47.55
47.99
48.41
48.86
49.29
49.72
50.15
35.09
35.61
36.42
37.26
38.1 5
39.59
40.79
41.80
45.11
47.85
48.31
48.76
49.1 9
49.62
50.03
50.48
50.91
51.34
51.77
52.97
36.18
37.1 5
38.1 0
39.07
40.71
42.02
43.09
46.85
49.88
50.27
50.67
51 .05
51.45
51.84
52.26
52.68
53.1 1
53.54
54.82
55.23
38.22
39.1 I
40.1 I
42.07
43.48
44.58
48.90
52.26
52.51
52.82
53.13
53.45
53.81
54.20
54.60
55.01
55.43
56.80
57.20
57.62
2018
201 9
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
28.51
31.87
34.47
35.09
36.1 8
38.22
40.22
42.46
48.65
50.28
51.56
82.99
84.55
55.42
56.86
58.00
59.47
60.77
63.38
64.88
66.97
69.07
1 06.1 I
73.39
75.88
78.36
Note: These rates will be further adjusted with the applicable integration charge.
Note: The rates shown in this table have been computed using the U.S. Energy lnformation Administration (ElA)'s Annual Energy
Outlook 2018, released February 2018. See Annual Energy Outlook 20 18, Table 3.8 Energy Prices by Sector-Mountain at
https ://www.eia. gov/outlooks/aeo/tables_rel.php
AVISTA Page 2
AVISTA
AVOIDED COST RATES FOR NON.SEASONAL HYDRO PROJECTS
June 01,2018
wMwh
New Contracts and Replacement Contracts without Full Capacity Payments
Eligibllity lor lhese rates is limited to projects smaller than 10 aMW.
LEVELIZED NON.LEVELIZED
LENGTH
ON.LINE YEAR
CONTRACT
YEAR
NON.LEVELIZED
RATES201 9 2020 2021 2022 2023
28.51
30.1 3
31.45
32.27
32.94
33.66
34.40
35.1 6
36.80
38.22
39.46
41.60
43.47
44.27
45.02
45.71
46.35
46.95
47.55
48.11
31.87
33.12
33.73
34.27
34.95
35.67
36.43
38.24
39.77
41.08
43.43
45.44
46.26
47.01
47.71
48.36
48.96
49.57
50.1 4
50.69
34.47
34.77
35.20
35.87
36.62
37.41
39.46
41.14
42.55
45.14
47.34
48.1 6
48.92
49.62
50.27
50.88
51.49
52.07
52.64
53.1 9
35.09
35.61
36.42
37.26
38.15
40.53
42.42
43.95
46.85
49.25
50.07
50.83
51.52
52.1 8
52.79
53.41
53.99
54.57
55.1 2
56.17
36.1 I
37.1 6
38.1 0
39.07
41.89
44.00
45.65
48.88
51.50
52.29
53.02
53.69
54.33
54.92
55.54
56.1 2
56.69
57.25
58.35
58.87
38.22
39.1 8
40.1 I
43.61
45.95
47.69
51.32
54.16
54.86
55.52
56.1 4
56.73
57.28
57.87
58.43
58.99
59.54
60.70
61.22
61.74
201 I
201 I
?020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
28.51
31.87
34.47
35.09
36.18
38.22
40.22
42.46
55.58
57.31
58.70
79.94
81.46
62.87
64.42
65.67
67.26
68.67
71.40
73.01
75.22
77.44
102.61
82.02
84.53
87.24
Note: These rates will be further adjusted with the applicable integration charge.
Note: The rates shown in this table have been computed using the U.S. Energy lnformation Administration (ElA)'s Annual Energy
Outlook 201 8, released February 201 8. See Annual Energy Outlook 201 8, Table 3.8 Energy Prices by Sector-Mountain at
https://www.eia.gov/outlooks/aeo/tables-ref.php
AVISTA page g
1
2
3
4
5
6
7
8I
10
11
12
13
14
15
16
17
18
19
20
AVISTA
AVOIDED COST RATES FOR SEASONAL HYDRO PROJECTS
June 01,2018
$/MWh
New Contracts and Replacement Contracts wlthout Full Gapaclty Paymenls
Eligibility lor these rates ls limited to proiects smaller than 10 aMW.
LEVELIZED NON.LEVELIZED
CONTRACT
LENGTH
(YEARS)
ON.LINE YEAR
CONTRACT
YEAR
NON.LEVELIZED
RATES2018 2019 2020 2021 2022 2023
1
3
4
E
6
7
8
9
10
11
12
13
14
15
16
17
18.19
20
28.51
30.13
31.46
32.27
32.94
33.66
34.40
35.1 6
35.86
36.53
37.14
40.54
43.46
43.75
44.04
44.33
44.62
44.91
45.23
45.54
31.87
33.1 2
33.73
34.27
34.95
35.67
36.43
37.1 3
37.80
38.42
42.21
45.44
45.67
45.92
46.17
46.43
46.70
47.00
47.30
47.61
34.47
34.77
35.20
35.87
36.62
37.41
38.14
38.83
39.46
43.75
47.33
47.49
47.69
47.90
48.t3
48.37
48.65
48.94
49.24
49.55
35.09
35.61
36.42
37.26
38.1 5
38.94
39.67
40.33
45.23
49.24
49.31
49.43
49.59
49.78
49.98
50.24
50.52
50.81
5r.l1
52.80
36.1 I
37.1 6
38.1 0
39.07
39.90
40.66
41.33
46.99
51.50
51.42
51.43
5'1.50
51.62
51.78
52.01
52.25
52.52
52.81
54.63
54.92
38.22
39.18
40.19
41.02
41.77
42.44
49.06
54.16
53.85
53.70
53.64
53.66
53.74
53.91
54.11
54.35
54.62
56.59
56.85
57 .14
2018
201 9
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
204'l
2042
2043
28.51
31.87
34.47
35.09
36.1 8
38.22
40.22
42.46
43.90
45.46
46.67
101 .29
1 03.1 2
50.31
51.67
52.73
54.1 3
55.35
57.88
59.30
51.30
63.32
127.68
67.47
69.87
72.27
Note: A 'seasonal hydro project" is delined as a generation lacility which produces at least 55% ol its annual generation during the
months of June, July, and August. Order 32802.
Note: These rates will be further adjusted with the applicable integration charge.
Note: The rates shown in this table have been computed using the U.S. Energy lnformation Administration (ElA)'s Annual Energy
Outlook 201 8, released February 201 8. See Annual Energy Outlook 201 8, Table 3.8 Energy Prices by Sector-Mountain at
https ://www.eia. gov/outlooks/aeo/tables_rel.php
AVISTA Page 4
AVISTA
AVOIDED COST RATES FOR OTHER PROJECTS
June 01, 201 8
$/MWh
New Contracts and Replacement Conlracts without Full Capacity Payments
Eliglbllity lor these rates is limited to prolects smaller lhan 10 aMW,
LEVELIZED NON-LEVELIZED
LENGTH
ON.LINE YEAR
CONTRACT
YEAR
NON-LEVELIZED
RATES2018201 9 2020 2021 2022 2023
1
2
3
4
5
6
7
8I
10
11
12
13
14
15
't6
17
18
19
20
28.51
30.1 3
31.46
32.27
32.94
33.66
34.40
35.1 6
37.67
39.79
41.60
43.1 I
44.59
45.83
46.96
47.98
48.91
49.78
50.61
51.38
31.87
33.1 2
33.73
34.27
34.95
35.67
36.43
39.25
41.58
43.54
45.24
46.71
48.01
49.1 I
50.24
51.21
52.09
52.95
53.75
54.50
34.47
34.77
35.20
35.87
36.62
37.41
40.67
43.27
45.40
47.22
48.78
50.1 4
51.36
52.45
53.45
54.37
55.25
56.07
56.85
57.59
35.09
35.61
36.42
37.26
38.1 5
42.01
44.95
47.30
49.26
50.91
52.33
53.59
u.72
55.74
56.68
57.58
58.42
59.22
59.98
60.71
36.1 8
37.1 6
38.1 0
39.07
43.73
47.08
49.63
51.71
53.43
54.89
56.17
57.31
58.34
59.28
60.1 9
61.04
61.85
62.62
53.35
64.07
38.22
39.1 I
40.1 9
46.01
49.81
52.54
54.69
56.42
57.87
59.1 4
60.26
61.27
62.19
63.09
63.93
64.73
65.50
66.24
65.95
67.64
2018
201 I
?020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
28.51
31.87
34.47
35.09
36.18
38.22
40.22
42.46
66.36
68.25
69.79
71.68
73.07
74.47
75.1 I
77.61
79.37
80.96
83.87
85.67
88.06
90.47
92.91
95.43
98.24
101 .06
Note: "Other projecls" relers to projects other than wind, solar, non-seasonal hydro, and seasonal hydro proiects. These "Other
projecls" may include (but are not limited to): cogeneration, biomass, biogas, landfill gas, or geothermal projects.
Note: The rates shown in this table have been computed using the U.S. Energy lnformation Administration (ElA)'s Annual Energy
Outlook 201 8, released February 201 8. See Annual Energy Outlook 201 8, Table 3.8 Energy Prices by Seclor-Mountain at
https ://www.eia. gov/outlooks/aeoltables-rel.php
AVISTA Page 5
IDAHO POWER COMPANY
AVOIDED COST RATES FOR WND PROJECTS
June 01,2018
$/MWh
New Contracts and Replacement Contracts wlthout Full Capacity Payments
Eligibility for these rates is limited to proiects 100 kW or smaller
LEVELIZED NON.LEVELIZED
CONTRACT
LENGTH
(YEARS)
ON.LINE YEAR
CONTRACT
YEAR
NON.LEVELIZED
RATES2018 2019 2020 2021 2022 2023
1
2
J
4
5
6
7
8I
't0
11
12
13
14
15
16
17
18
19
20
28.51
30.1 2
31.46
32.26
32.93
33.65
34.38
35.13
36.1 0
36.98
37.76
38.49
39.1 5
39.76
40.33
40.85
41.35
41.82
42.29
42.74
31.87
33.1 2
33.72
34.27
34.94
35.66
36.41
37.43
38.34
39.15
39.90
40.58
41.20
41.78
42.31
42.82
43.30
43.78
44.25
44.70
34.47
34.77
35.20
35.87
35.61
37.40
38.51
39.48
40.33
41.11
41.81
42.45
43.04
43.59
44.11
44.60
45.1 1
45.58
46.05
46.51
35.09
35.61
36.42
37.26
38.14
39.39
40.45
41.36
42.18
42.92
43.57
44.19
44.76
45.29
45.80
46.32
46.82
47.30
47.78
48.25
36.1 8
37.1 6
38.1 0
39.07
40.47
41.61
42.57
43.43
44.18
44.85
45.48
45.05
46.60
47.11
47.65
48.1 6
48.66
49.1 5
49.63
50.1 1
38.22
39.1 I
40.19
41.77
42.98
43.96
44.83
45.58
46.25
46.87
47.45
47.99
48.51
49.05
49.57
50.08
50.59
51.09
51.57
52.06
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2029
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
28.51
31.87
34.47
35.09
36.1 8
38.22
40.22
42.46
47.31
48.92
50.1 I
51.77
52.88
53.97
55.39
56.51
57.96
59.24
61.82
63.30
65.36
67.44
69.54
71.72
74.17
76.64
Note: These rates will be further adjusted with the applicable integration charge.
Note: The rates shown in this table have been computed using the U.S. Energy lnlormation Administration (ElA)'s Annual Energy
Outlook 201 8, released February 201 8. See Annual Energy Outlook 201 8, Table 3.8 Energy Prices by Sector-Mountain at
https ://www.eia. gov/outlooks/aeo/tables-ref . php
IDAHO POWER COMPANY Page 1
IDAHO POWEB COMPANY
AVOIDED COST RATES FOR SOLAR PROJECTS
June 01,2018
$/MWh
New Contracts and Replacemenl Conlracts wlthout Full Capaclty Payments
Eliglbility for these rates ls limlted to prolects 100 kW or smaller,
LEVELIZED NON.LEVELIZED
CONTRACT
LENGTH
(YEARS)
ON-LINE YEAR
CONTRACT
YEAR
NON.LEVELIZED
RATES2018201 I 2020 2021 2022 2023
1
2
3
4
5
6
7II
10
11
12
13
14
15
t6
17
18
'19
20
28.51
30.1 2
31.46
JZ.ZO
32.93
33.65
34.38
35.1 3
38.60
41.49
43.93
46.05
47.90
49.52
50.98
52.29
53.49
54.58
55.61
56.57
31.87
33.1 2
33.72
34.27
34.94
35.66
36.41
40.37
43.58
46.25
48.53
50.49
52.21
53.74
55.t0
56.34
57.47
58.54
59.52
60.45
34.47
34.77
35.20
35.87
36.61
37.40
42.01
45.63
49.57
51.03
53.13
54.93
55.53
57.95
59.23
60.40
61.50
62.51
63.47
64.37
35.09
35.61
36.42
37.26
38.1 4
43.65
47.79
51.04
53.71
55.93
57.83
59.49
60.95
62.27
63.46
54.59
65.62
66.60
67.52
68.39
35.1 I
37.1 6
38.1 0
39.07
45.81
50.56
54.12
56.97
59.29
61.24
52.93
64.41
65.74
66.94
68.07
69.11
70.1 0
71.02
71.90
72.73
38.22
39.1 I
40.1 I
48.72
54.17
58.02
60.99
63.34
65.28
66.95
68.40
69.70
70.97
71.98
73.00
73.97
74.89
75.76
76.59
77.39
201 8
201 9
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
28.51
3t.87
34.47
35.09
36.1 I
38.22
40.22
42.46
78.74
80.81
82.54
84.61
85.t9
47.78
89.69
91.31
93.27
95.07
98.1 I
1 00.1 I
102.79
105.42
108.08
1 10.82
113.85
'I 16.90
Note: These rates will be furlher adjusted with the applicable integration charge.
Note: The rates shown in this table have been computed using the U.S. Energy lnlormation Administration (ElA)'s Annual Energy
Outlook 201 8, released February 201 8. See Annual Energy Outlook 201 8, Table 3.8 Energy Prices by Sector-Mountain at
https ://www.eia. gov/outlooks/aeo/tables-ref .php
IDAHO POWER COMPANY Page 2
IDAHO POWER COMPANY
AVOIDED COST RATES FOR NON.SEASONAL HYDRO PROJECTS
June 01,2018
$/MWh
New Contracts and Replacement Contracts without Full Capacity Payments
Eligibility for these rates ls limlted to proiects smaller lhan 10 aMW,
LEVELIZED NON.LEVELIZED
CONTRACT
LENGTH
(YEARS}
ON.LINE YEAR
CONTRACT
YEAR
NON.LEVELIZED
RATES201 8 201 9 2020 2021 2022 2023
1
2
3
4
c
6
7
8I
10
11
'12
13
14
15
16
17
18
19
20
28.51
30.12
31.46
32.26
32.93
33.65
34.38
35.1 3
38.36
41.05
43.33
45.32
47.05
48.58
49.95
51.18
52.31
53.34
54.32
55.22
31.87
33.1 2
33.72
34.27
34.94
35.66
36.41
40.08
43.07
45.56
47.69
49.53
51.14
52.58
53.86
55.03
56.09
57.1 1
58.04
58.92
34.47
34.77
35.20
35.87
36.61
37.40
41.67
45.04
47.77
50.07
52.03
53.72
55.22
s6.56
57.76
58.86
59.91
60.87
61.78
62.63
35.09
35.61
36.42
37.26
38.14
43.24
47.08
50.1 0
52.59
54.67
56.44
58.00
59.38
60.62
61.74
62.81
63.80
64.73
65.60
66.43
36.1 8
37.1 6
38.1 0
39.07
45.29
49.69
53.00
55.65
57.82
59.65
61.24
62.63
63.88
65.01
66.09
67.08
68.01
68.90
69.74
70.54
38.22
39.18
40.19
48.05
53.09
56.66
59.42
61.62
63.43
65.00
66.37
67.59
68.70
69.75
70.73
71.65
72.53
73.36
74.16
74.93
201 I
201 9
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
28.51
31.87
34.47
35.09
36.1 8
38.22
40.22
42.46
75.69
77.72
79.40
81.42
82.96
84.50
86.36
87.93
89.85
91.59
94.65
96.61
99.1 5
101.73
104.34
107.02
1 10.00
1 12.99
Note: These rates will be further adjusted with the applicable integration charge.
Note: The rales shown in this table have been computed using the U.S. Energy lnformation Administration (ElA)'s Annual Energy
Outlook 201 8, released February 201 8. See Annual Energy Outlook 201 8, Table 3.8 Energy Prices by Sector-Mountain at
https ://www.eia. gov/outlooks/aeo/tables_ref .php
IDAHO POWER COMPANY Page 3
IDAHO POWER COMPANY
AVOIDED COST RATES FOR SEASONAL HYDRO PROJECTS
June 01,2018
$/MWh
New Gontracts and Replacement Contracts without Full Capacity Payments
Eligibility lor these rates ls llmited to proiects smaller than 10 aMW
LEVELlZED NON.LEVELIZED
CONTRACT
LENGTH
(YEARS)
ON.LINE YEAR
CONTRACT
YEAR
NON-LEVELIZED
RATES201 8 201 9 2020 2021 2022 2023
1
3
4
5
6
7
8I
10
11
12
13
14
15
16
17
18
19
20
28.51
30.1 2
31.46
32.26
32.93
33.65
34.38
35.13
40.06
44.12
47.53
50.46
53.00
55.22
57.20
58.97
60.57
62.02
63.38
64.63
31.87
33.12
33.72
34.27
34.94
35.66
36.41
42.08
46.64
50.39
53.56
55.28
58.63
60.71
62.56
64.23
65.74
67.1 5
68.44
69.64
34.47
34.77
35.20
35.87
36.61
37.40
M.O5
49.23
53.37
56.82
59.73
62.22
64.40
66.32
68.05
69.61
71.06
72.39
73.62
74.78
35.09
35.61
36.42
37.26
38.14
46.14
52.08
56.69
60.43
63.52
66.14
68.41
70.40
72.17
73.76
75.24
76.60
77.86
79.03
80.1 4
36.1 I
37.1 6
38.1 0
39.07
48.92
55.77
60.86
64.87
68.1 1
70.80
73.12
75.12
76.91
78.50
79.98
81.34
82.60
83.78
84.89
85.93
38.22
39.1 8
40.1 I
52.78
60.70
oo.zJ
70.41
73.70
76.39
78.67
80.53
82.35
83.91
85.35
86.67
87.91
89.06
90.15
91.18
92.1 6
201 I
201 I
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
28.51
31.87
34.47
35.09
36.1 8
38.22
40.22
42.46
97.08
99.42
101.42
103.75
105.63
107.50
109.70
11 1 .61
1 13.87
1 15.97
1 19.39
121.71
124.63
127.58
130.56
133.63
137.00
140.38
Nole: A "seasonal hydro project" is delined as a generation lacility which produces at least 55% of its annual generation during the
months o, June, July, and August. Order 32802.
Nole: These rates will be further adjusted with the applicable integration charge.
Note: The rates shown in this table have been computed using the U.S. Energy lnformation Administration (ElA)'s Annual Energy
Outlook 201 8, released February 201 8. See Annual Energy Outlook 201 8, Table 3.8 Energy Prices by Sector-Mountain at
https y/www. eia.gov/outlooks/aeo/tables_ret.php
IDAHO POWER COMPANY Page 4
IDAHO POWER COMPANY
AVOIDED COST RATES FOR OTHER PROJECTS
June 01,2018
$/MWh
Ngw Contracts and Repl@ent Contracts wlthout Full Capaclty Payments
Ellgibility tor these rates ls limited to prolects smaller than 10 aMW,
LEVELIZED NON-LEVELIZED
CONTRACT
LENGTH
(YEARS)
ON.LINE YEAR
CONTRACT
YEAR
NON.LEVELIZED
RATES2018 2019 2020 2021 2022 2023
1
2
3
4
5
6
7
8I
10
11
12
13
14
15
16
17
18
19
20
28.51
30.t2
31.46
32.26
32.93
33.65
34.38
35.t3
37.70
39.86
41 .71
43.33
44.75
46.00
47.14
48.17
49.1 1
49.98
50.81
51.58
31.87
33.12
33.72
34.27
34.94
35.66
36.41
39.31
41.69
43.69
45.42
46.92
48.24
49.42
50.49
51.47
52.36
53.22
54.02
54.77
34.47
34.77
35.20
35.87
36.61
37.40
40.75
43.42
45.60
47.46
49.05
50.43
51.67
52.77
53.78
54.70
55.59
56.41
57.1 9
57.93
35.09
35.61
36.42
37.26
38.1 4
42.11
45.14
47.55
49.55
51.24
52.69
53.97
55.1 1
56.1 5
57.09
58.00
58.84
59.64
50.40
61 .13
36.1 8
37.1 6
38.1 0
39.07
43.88
47.33
49.95
52.09
53.84
55.33
56.64
57.79
58.84
59.79
60.71
61.56
62.37
63.1 4
53.87
64.58
38.22
39.1 I
40.1 9
46.21
50.1 4
52.95
55.1 5
56.94
58.42
59.71
60.85
61.87
62.81
63.71
64.56
65.36
66.1 3
66.86
67.57
68.26
201 I
201 9
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
28.51
31.87
34.47
35.09
36.1 I
38.22
40.22
42.46
67.41
69.31
70.87
72.77
74.18
75.59
77.32
78.76
80.54
82.1 5
85.07
86.89
89.30
91.73
94.18
96.72
99.55
102.38
Note: "Other projects" rerers to projects other lhan wind, solar, non-seasonal hydro, and seasonal hydro projects. These "Other
projecls" may include (but are not limited to): cogeneration, biomass, biogas, landfill gas, or geothermal prolects.
Nole: The rates shown in this table have been computed using the U.S. Energy lnformation Administration (ElA)'s Annual Energy
Outlook 20.1 8, released February 201 8. See Annual Energy Oullook 201 8, Table 3.8 Energy Prices by SectorMountain al
https ://www.eia. gov/outlooks/aeo/tables-rel. php
IDAHO POWER COMPANY Page 5
PACIFICORP
AVOIDED COST RATES FOR WND PROJECTS
June 01, 201 8
$/MWh
New Contracts and Replacement Contracts without Full Capaclgl Payments
Eligibility lor these rates is limited to proiects 100 kW or smaller
LEVELIZED NON.LEVELIZED
LENGTH
ON.LINE YEAR
CONTRACT
YEAR
NON-LEVELIZED
RATES2018 2019 2020 2021 2022 2023
1
3
4
5
6
7
8I
10
11
12
13
14
15
't6
17
18
19
20
28.51
30.1 2
31.46
32.27
32.93
33.66
34.39
35.1 5
35.85
36.52
37.33
38.09
38.78
39.40
39.99
40.53
41.05
41.53
42.02
42.48
31.87
5J. tZ
33.73
34.27
34.94
35.66
36.43
37.1 3
37.80
38.65
39.43
40.14
40.78
41.38
41.93
42.46
42.96
43.46
43.94
44.40
34.47
34.77
35.20
35.87
36.61
37.41
38.14
38.83
39.73
40.56
41.29
41.96
42.58
43.1 5
43.70
44.21
44.73
45.22
45.71
46.1 I
35.09
35.61
36.42
37.26
38.1 5
38.93
39.66
40.65
41.53
42.31
43.01
43.66
44.25
44.81
45.34
45.88
46.40
46.90
47.40
47.88
36.1 I
37.1 6
38.1 0
39.07
39.89
40.65
41 .71
42.65
43.46
44.19
44.85
45.46
45.04
46.59
47.14
47.67
44.20
48.71
45.21
49.70
38.22
39.18
40.1 I
41.02
41 .77
42.91
43.89
44.73
45.47
46.1 5
46.76
47.35
47.90
48.47
49.02
49.55
50.08
50.60
51.11
51.61
201 8
201 9
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
28.51
31.87
34.47
35.09
36.1 8
38.22
40.22
42.46
43.90
45.46
50.1 0
51.69
52.80
53.89
55.31
56.43
57.88
59.15
61.74
63.21
65.27
67.35
69.45
71.62
74.08
76.54
Note: These rates will be further adjusled with the applicable integration charge.
Note: The rates shown in this table have been computed using the U.S. Energy lnformation Administration (ElA)'s Annual Energy
Outlook 201 8, released February 201 8. See Annual Energy Outlook 201 8, Table 3.8 Energy Prices by Sector-Mountain at
https ://www.eia. gov/outlooks/aeo/tables-rel. php
PACIFICORP Page 1
PACIFICOFP
AVOIDED COST RATES FOR SOLAR PROJECTS
June 01,2018
$/MWh
New Contracts and Repiacement Contracts without Full Capacity Payments
Eliglbility lor these rates is limlted to proiecls 100 kW or smaller
LEVELIZED NON.LEVELIZED
CONTRACT
LENGTH
(YEARS)
ON-LINE YEAR
CONTRACT
YEAR
NON-LEVELIZED
RATES2018 2019 2020 2021 2022 2023
1
2
3
4
5
6
7
8
9
10
1r
12
13
14
15
16
17
18
19
20
28.51
30.1 2
31.46
32.27
32.93
33.66
34.39
35.15
35.85
36.52
39.24
41.59
43.63
45.42
47.03
48.46
49.77
50.96
52.08
53.11
31.87
33.1 2
33.73
34.27
34.94
35.66
36.43
37.1 3
37.80
40.83
43.42
45.63
47.56
49.27
50.79
52.17
53.41
54.59
55.67
56.68
34.47
34.77
35.20
35.87
35.61
37.41
38.1 4
38.83
42.27
45.14
47.56
49.64
51.47
53.08
54.53
55.84
57.08
58.21
59.26
60.25
35.09
35.51
36.42
37.26
38.1 5
38.93
39.66
43.63
46.85
49.51
51.76
53.72
55.43
56.96
58.34
59.63
60.80
61.90
62.93
63.90
36.1 I
37.1 6
38.1 0
39.07
39.89
40.65
45.26
48.89
51.82
54.25
s6.33
58.1 3
59.73
61 .16
62.49
63.71
64.84
65.90
66.90
67.84
38.22
39.1 8
40.1 I
41.02
41.77
47.23
51.33
54.54
57.14
59.33
61.20
62.85
64.31
55.68
66.92
68.07
69.1 6
70.17
71 .13
72.05
201 8
201 I
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
28.51
31.87
34.47
35.09
36.1 I
38.22
40.22
42.46
43.90
45.46
81.77
83.82
85.40
86.97
88.87
90.48
92.44
94.22
97.32
99.31
101 .91
104.52
1 07.1 6
1 09.89
112.92
1 15.95
Note: These rates will be lurther adjusted with the applicable integration charge.
Note: The rates shown in this table have been computed using the U.S. Energy lnlormation Administration (ElA)'s Annual Energy
Outlook 201 8, released February 201 8. See Annual Energy Outlook 201 8, Table 3.8 Energy Prices by Sector-Mountain at
https ://www.eia. gov/outlooks/aeo/tables-ref .php
PACIFICORP Page 2
PACIFICORP
AVOIDED COST RATES FOR NON.SEASONAL HYDRO PROJECTS
June 01,2018
$/MWh
New Contracts and Replacement Contracts wlthout Full Capaclty Payments
Eligibility for these rates is limlted to proiecls smaller than 10 aMW
LEVELIZED NON.LEVELIZED
CONTRACT
LENGTH
(YEARS)
ON-LINE YEAR
CONTRACT
YEAR
NON.LEVELIZED
RATES2018 2019 2020 2021 2022 2023
1
2
3
4
5
6
7I
Y
10
11
12't3
14
15
16
17
18't9
20
28.51
30.1 2
31.46
32.27
32.93
33.66
34.39
35.1 5
35.85
36.52
39.05
41.25
43.1 6
44.84
46.34
47.69
48.92
50.04
51 .10
52.08
31.87
33.1 2
33.73
34.27
34.94
35.66
36.43
37.1 3
37.80
40.62
43.03
45.1 0
45.90
48.50
49.93
51.22
52.40
53.51
54.53
55.49
34.47
34.77
35.20
35.87
36.61
37.41
38.1 4
38.83
42.02
44.69
46.95
48.89
50.51
52.12
53.48
54.71
55.88
56.94
57.95
58.89
35.09
35.61
36.42
Jt.10
38.1 5
38.93
39.66
43.34
46.33
48.81
50.91
52.74
54.35
55.79
57.08
58.29
59.41
60.45
61.43
62.35
36.1 8
37.1 6
38.1 0
39.07
39.89
40.65
44.92
48.29
51.01
53.27
55.22
56.90
58.40
59.74
61.00
62.15
63.22
64.23
65.1 8
66.08
38.22
39.1 I
40.1 I
41.02
41.77
46.81
50.51
53.58
56.00
s8.05
59.80
61.35
62.72
54.01
65.1 8
65.28
67.30
68.27
69.1 I
70.06
201 8
201 I
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
28.51
31.87
34.47
35.09
36.1 8
38.22
40.22
42.46
43.90
45.46
78.69
80.71
82.23
83.76
85.62
87.1 8
89.08
90.81
93.86
95.81
98.35
100.91
103.50
1 06.1 8
1 09.1 5
112.12
Note: These rates will be lurther adjusted with the applicable integration charge.
Note: The rates shown in this table have been computed using the U.S. Energy lnlormation Administration (ElA)'s Annual Energy
Outlook 201 8, released February 201 8. See Annual Energy Outlook 201 8, Table 3.8 Energy Prices by Sector-Mountain at
https ://www.eia. gov/oullooks/aeo/lables_ref.php
PACIFICORP Page 3
PACIFICORP
AVOIDED COST RATES FOR SEASONAL HYDRO PROJECTS
June 01,2018
$/MWh
New Contracts and Replacement Contracts without Full Capaclty Payments
Eligibility lor these rates is limited to proiects smaller than 10 aMW
LEVELIZED NON.LEVELIZED
CONTRACT
LENGTH
(YEARS)
ON-LINE YEAR
CONTRACT
YEAR
NON.LEVELIZED
RATES2018 2019 2020 2021 2022 2023
1
2
3
4
6
7II
10
11
12
'13
14
15
16
17
18
19
20
28.51
30.1 2
31.46
32.27
32.93
33.66
34.39
35.15
35.85
36.52
40.35
43.63
46.46
48.94
51.13
53.09
54.85
56.45
57.94
59.31
31.87
33.12
33.73
34.27
34.94
35.66
36.43
37.1 3
37.80
42.11
45.75
48.84
51.52
s3.87
55.96
57.83
59.51
61.08
62.5'l
63.84
34.47
34.77
35.20
35.87
35.61
37.41
38.1 4
38.83
43.75
47.81
51.22
54.12
55.65
58.87
60.85
62.63
64.28
65.78
67.17
68.46
35.09
35.61
36.42
37.26
38.1 5
38.93
39.66
45.36
49.95
53.71
56.87
59.59
61.96
64.05
65.92
67.64
69.21
70.65
72.00
73.25
36.1 8
37.16
38.10
39.07
39.89
40.65
47.33
52.53
56.69
60.12
53.02
65.52
67.71
69.65
71.44
73.06
74.55
75.93
77.22
78.42
34.22
39.1 8
40.1 I
41.02
41.77
49.75
55.67
60.26
63.94
67.02
69.63
71.89
73.88
75.71
77.36
78.88
80.28
81.59
82.81
83.97
201 I
201 9
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
28.51
31.87
34.47
35.09
36.1 I
38.22
40.22
42.46
43.90
45.46
100.24
102.57
104.42
106.27
108.45
1 10.35
1 12.59
114.67
1 18.07
120.37
123.27
126.20
1 29.1 6
132.22
135.57
138.93
Nole: A "seasonal hydro pro.iect" is defined as a generation lacility which produces at least 55% of its annual generation during the
months ot June, July, and August. Order 32802.
Note: These rates will be further adiusted with the applicable integration charge.
Note: The rates shown in this table have been computed using the U.S. Energy lnformation Administration (ElA)'s Annual Energy
Outlook 201 8, released February 201 8. See Annual Energy Outlook 201 8, Table 3.8 Energy Prices by SectorMountain al
https ://www.eia. gov/outlooks/aeo/lables-ref .php
PACIFICORP Page 4
PACIFICORP
AVOIDED COST RATES FOR OTHER PROJECTS
June 01, 201 8
gMWh
New Contracts and Replacement Contracts without Full Capacity Payments
Eligibillty for these rates is limited to prolects smaller than 10 aMW
LEVELIZED NON.LEVELIZED
CONTRACT
LENGTH
(YEARS)
ON.LINE YEAR
CONTRACT
YEAR
NON-LEVELIZED
RATES2018 2019 2020 2021 2022 2023
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
28.51
30.12
31.46
32.27
32.93
33.66
34.39
35.15
35.85
36.52
38.5s
40.33
41.88
43.25
44.49
45.50
46.62
47.56
48.45
49.28
31.87
33.12
33.73
34.27
34.94
35.66
36.43
37.1 3
37.80
40.05
41.98
43.65
45.12
46.42
47.60
48.67
49.64
50.58
51.44
52.26
34.47
34.77
35.20
35.87
36.61
37.41
38.14
38.83
41.35
43.49
45.30
46.87
48.26
49.50
50.63
51.65
52.62
53.52
54.37
55.1 8
35.09
35.61
36.42
37.26
38.1 5
38.93
39.66
42.55
44.93
46.91
48.61
50.09
51.40
52.58
53.65
54.67
55.61
56.50
57.33
58.1 3
36.1 I
37.1 6
38.1 0
39.07
39.89
40.65
43.98
46.64
48.81
50.62
52.19
53.56
54.79
55.90
56.96
57.93
58.84
59.70
60.52
61.30
38.22
39.1 I
40.1 I
41.02
41.77
45.67
48.65
51.00
52.93
54.58
56.00
57.26
58.39
59.47
60.45
61.40
62.28
63.1 2
63.91
64.68
201 8
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
28.51
31.87
34.47
35.09
36.1 I
38.22
40.22
42.46
43.90
45.46
70.35
72.24
73.65
75.05
76.77
78.21
79.98
81.58
84.49
86.30
88.70
91.12
93.57
96.1 0
98.91
101.74
Note: "Other pro,ects" refers lo proiects other than wind, solar, non-seasonal hydro, and seasonal hydro projecls. These "Other
pro.iects" may include (bul are not limited to): cogeneration, biomass, biogas, landrill gas, or geolhermal projects.
Note: The rales shown in this table have been computed using the U.S. Energy lnformation Adminislration (ElA)'s Annual Energy
Outlook 2018, released February 2018. See Annual Energy Outlook 2018, Table 3.8 Energy Prices by SectorMountain at
https ://www.eia. gov/outlooks/aeo/tables_ref .php
PACIFICORP Page 5