20191011News Release.pdf

@IIIqIOPO'I'ER,
An IDACORP Company
NEWS RELEASE
ldaho Power, Parties Agree to Settlement on Customer Generation
An ogreement filed with the ldoho Public Utilities Commission will chonge the compensation structure for
customers who produce some of their own energy using on-site generotion such as solor ponels.
BOISE, ldaho, October L7,zotg - ldaho Power and the Staff of the ldaho Public Utilities Commission
(IPUC) have filed a settlement agreement with the IPUC regarding changes to the compensation
structure for residential and small general service customers with on-site generation. Participating
customers generate some of their own energy - most commonly using rooftop solar panels - through
an offering called customer on-site generation (sometimes referred to as net metering).
This settlement is the result of months of collaborative discussions between ldaho Power and several
parties, including the IPUC Staff, Sierra Club, City of Boise, ldaho Clean Energy Association, ldaho
lrrigation Pumpers Association and others. One of the main goals of these discussions was to evaluate
new compensation structures for customers who export energy to ldaho Power's electrical system using
their own generation, which represents a small but growing segment of ldaho Power's more than
560,000 customers. Accurate pricing for customer generation will lead to a more equitable and
sustainable service offering into the future.
A determination on whether the changes described below will apply to existing customers with on-site
generation will be decided by the IPUC based on arguments provided by parties to the case. lf approved
by the IPUC as filed, the settlement will result in the following changes for residential (Schedule 6) and
small general service (Schedule 8) customers with on-site generation:
1. Energy delivered from, or exported to, ldaho Power's system will now be measured on a net
hourly basis, rather than net monthly. This will allow for a more accurate measurement of both
the energy delivered from and exported to ldaho Power.
2. When customers generate more energy than they consume during the hour, they will be
credited at a new rate, rather than the full retail rate they are receiving now. The new rate will
initially be set at approximately 8.7 cents per kilowatt hour (kWh) for Schedule 6 and 10.2 cents
per kWh for Schedule 8, effective January 'J.,2O2O.
3. New and existing customers with on-site generation (unless exempted by IPUC order) will be
transitioned to the new pricing structure in four separate increments over an eight-year period.
These adjustments are expected to occur in2022,2024,2026 and 2028. The finalcredit rate to
become effective in 2028 has initially been estimated at 4.4 cents per kWh for Schedule 6 and
4.9 cents per kWh for Schedule 8 customers. This final credit rate will be reviewed and validated
in conjunction with ldaho Power's lntegrated Resource Planning process throughout the
transition period and is subject to change after separate IPUC proceedings.
4. ldaho Power will provide a "non-export option" for customers who wish to interconnect to
ldaho Power's grid without exporting excess energy back to ldaho Power.
ldaho Power believes this settlement will help modernize its compensation structure for customer
generation, which will help keep prices fair and affordable for all customers. More detailed information
about this case and settlement agreement is available on the IPUC website, ouc.idaho.sov.
The settlement is a proposal that is subject to public review and approval by the IPUC. Copies of the
settlement are available to the public at the IPUC offices (11331 W. Chinden Blvd, Bldg 8, Suite 2O1-A,
Boise, ldaho 83714), 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 the settlement may also be filed with
the IPUC.
About Idaho Power
ldaho Power, headquartered in vibrant and fast-growing Boise, ldaho, has been a locally operated
energy company since 1916. Today, it serves a 24,000-square-mile area in ldaho and Oregon. The
company's goal to provide 100% clean energy by 2045 builds on its long history as a clean-energy leader
that provides reliable service at affordable prices. With 17 low-cost hydroelectric projects at the core of
its diverse energy mix, ldaho Power's residential, business and agricultural customers pay among the
nation's lowest prices for electricity. lts 2,000 employees proudly serve more than 560,000 customers
with a culture of safety first, integrity always and respect for all.
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:Jordan Rodriguez
Communications Specialist
208-388-2460
irod riguez @ ida hopowe r.com
1-800-458-1443 media line