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HomeMy WebLinkAbout20190212Customer Notice and News Release.pdf;i i:t E lvI D ::j[t] l2 P]l l:02 ',. ', +ilUii On February 12, ldaho Power filed an application with the ldaho Public Utilities Commission (IPUC) requesting to decrease the ldaho Energy Efficiency Rider (Rider)collection percentage from 3.75 percent lo 2.75 percent of base rate revenues, effective June 1 The 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, ldaho Power believes the 2.75 percent Rider collection percentage will better match funding with expenditures for DSM programs. How These Proposals Will Change Prices lf the proposal to decrease the Rider collection percentage is approved, the price ldaho customers pay for electric service will reflect a decrease in annual revenue collection of about $10.4 million beginning June 1. This change will be coupled with other annual changes, including the Fixed Cost Adjustment (FCA) filed March 15 and the Power Cost Adjustment (PCA) filed April '15. Rate changes associated with the FCA and PCA also take effect June 1. INFf,) PO'I'ER. An IDACORP Companv re ,:. rETitsJ i. ,." ., ,l C:,'w. The typical ldaho residential customer using 950 kilowatt-hours (kWh)of energy per month will see a decrease of about $0.83 on their monthly bill. The actual dollar amount of the decrease will vary depending upon each customer's usage and the rate they pay. I lncludes Lighting Schedules 2 lncludes Special Contracts This request will have no impact on existing and new DSM services; a full portfolio of demand response and energy efficrency programs for all customers will continue to be offered. ldaho Power is committed to energy efficiency initiatives and pursuing all cost effective energy efficiency measures. Learn more at idahopower.com/energyeff iciency. Opportunities for Public Review ldaho Power's filing is a proposal that is subject to publrc review and approval by the IPUC. Copies of the application are available to the public at the IPUC offices (472W. Washington St., Boise, ldaho, 83102),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 applicatron may be filed with the IPUC We value your husiness and appreciate you taking the time to read this notice. Thank you. Sffi*TIEIME[tr (! Prinred on recycled paper @1019ldaho Pmr 31't80t-00xx Percentage Change from Current Prices Rider Percentage Decrease Residential Small General servi(e Large General Service' Large Power?lrrigation overall Change (o.eo%)(0.e1%)(0.e1%)(0.8e%)(0.s1%)(o.so%) REVENUT IMPACT BY CTASS: Ail IDACmp Cofrpanv w EIIIIIOPCI'I'ER" iqHil{:IVHD An IDACORP Company NEWS RELEASE ,, i:_: ;i: r=;i r:f:;r ldaho Power Proposes Changes to Energy Efficiency Rider Rate BOISE, ldaho - On February 12, ldaho Power filed an application with the ldaho Public Utilities Commission (IPUC) requesting to decrease the ldaho Energy Efficiency Rider (Rider) collection percentage from 3.75 percent to 2.75 percent of base rate revenues, effective June L,2OI9. The Energy Efficiency Rider pays for the analysis and implementation of demand-side management (DSM) programs. lt is included on customers' monthly bills under the "Energy Efficiency Services" line item. Based on its current forecast of Rider funding and Rider expenditures, ldaho Power believes the 2.75 percent Rider collection percentage will better match funding with expenditures for DSM programs. lf the proposalto decrease the Rider collection percentage is approved, the price ldaho Power customers pay for electric service will reflect a decrease in annual revenue collection of about SfO.+ million beginning June 1. This change will be coupled with other annual changes, including the Fixed Cost Adjustment (FCA)filed March 15 and the Power Cost Adjustment (PCA)filed April 15. Rate changes associated with the FCA and PCA also take effect June L. The typical ldaho Power residential customer using 950 kilowatt-hours (kWh) of energy per month will see a decrease of about SO.AS on their monthly bill. The actual dollar amount of the decrease will vary depending upon each customer's usage and the rate they pay. 1 lncludes Lighting Schedules; 2 lncludes 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. ldaho Power is committed to energy efficiency initiatives and pursuing cost-effective energy efficiency measu res. Learn more at idahopower.com/energyefficiency. PO. Box 70 (83707) 1221 W. ldaho St. Boise, lD 83702 REVENUE IMPACT BY CIASS Percentage Change from Current Prices for Rider Percentage Decrease Residential SmallGeneral Service large General Servicer Large Powerz !rrigation Overall Change (0.s0%)(o.eL%l (o.st%l (0.8s%)(0.91%')(0.s0%) Opportunities for Public Review ldaho Power's filing is a proposal 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, 83702),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 IPUC. About ldaho Power ldaho Power, headquartered in Boise, ldaho, and locally operated since 1916, is an energy company that employs approximately 2,000 people who serve more than 550,000 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, ldaho Power's residential, business and agricultural customers pay among the nation's lowest prices for electricity. IDACORP lnc. (NYSE: IDA), ldaho Power's independent publiclytraded 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 irodriguez@ idahopower.com 1-800-458-L443 media line