20190412Errata to Application.pdf

JUL|A A. HTLTON (lSB NO. 7740)
LISA D. NORDSTROM (lSB No. 5733)
ldaho Power Company
1221\Nest ldaho Street (83702)
P.O. Box 70
Boise, ldaho 83707
Telephone: [phone]
Facsimile: [phone]
i h ilton@ idahopower. com
! n o rd strom @ id a hopower. com
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Attorneys for ldaho Power Company
BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION
IN THE MATTER OF THE APPLICATION
OF IDAHO POWER COMPANY FOR
AUTHORIW TO INCREASE ITS RATES
FOR ELECTRIC SERVICE TO RECOVER
COSTS ASSOCIATED WITH THE NORTH
VALMY POWER PLANT
CASE NO. rPC-E-19-08
ERRATA TO APPLICATION
On March 8,2019, ldaho Power Company ("ldaho Power" or "Company") filed an
Application for an order: (1) approving the North Valmy Project Framework Agreement
between NV Energy and ldaho Power dated as of February 22,2019 ("Agreement"); (2)
finding that all actual Valmy investments through December 31, 2018, were prudently
incurred; (3) allowing investments forecasted through December 31,2025, at Valmy to
be included in the levelized revenue requirement mechanism established by Order No.
33771; and (4) adjusting customer rates to recover the associated incremental annual
levelized revenue requirement of $1.21 million with an effective date of June 1,2019,
which equates to an overall increase of 0.11 percent.
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ERRATA TO APPLICATION - 1
ln that Application, Idaho Power had an error in paragraph 8 when referencing the
estimated reduction in overall costs for Idaho Power customers, as noted below:
8. The option to cease participation in one or more Valmy
units does not exist under the current Existing North Valmy
Agreements. By creating a structure whereby ldaho Power
may cease its participation in the Valmy plan or the units
thereof, the Agreement is estimated to result in a reduction in
overall costs for ldaho Power customers of approximately
$12.2 million, as compared to prior plans to operate both
Valmy Units through 2025. . . .
ldaho Power Application at 5
Therefore, ldaho Power hereby files this Errata to correct the error referencing the
estimated reduction in overall costs for ldaho Power customers as follows:
8. The option to cease participation in one or more Valmy
units does not exist under the current Existing North Valmy
Agreements. By creating a structure whereby ldaho Power
may cease its participation in the Valmy plan or the units
thereof, the Agreement is estimated to result in a reduction in
overall costs for ldaho Power customers of approximately
$17.2 million, as compared to prior plans to operate both
Valmy Units through 2025. . . .
DATED at Boise, ldaho, this 12th day of April 2019.
IAA
rney ldaho Power Company
ERRATA TO APPLICATION - 2
CERTIFICATE OF SERVICE
! HEREBY CERTIFY that on the 12th day of April 2019 I served a true and correct
copy of the ERRATA TO APPLICATION upon the following named parties by the method
indicated below, and addressed to the following:
Gommission Staff
Edward Jewell
Deputy Attorney General
ldaho Public Utilities Commission
472 West Washington Street (83702)
P.O. Box 83720
Boise, ldaho 83720-007 4
ldaho Conservation League
Benjamin J. Otto
ldaho Conservation League
710 North 6th Street
Boise, ldaho 83702
X Hand Delivered
_U.S. Mail
_Overnight Mail
_FAXX Email [e-mail]
_Hand DeliveredX U.S. Mail
_Overnight Mail
_FAXX Email [e-mail]
Bearry,
ERRATA TO APPLICATION - 3