20200313Customer Notice and News Release.pdf

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ldaho Power Files Annua!
Fixed Cost Adjustment
ldaho Power has filed the first of two spring cost
adjustments with the ldaho Public Utilities Commrssion
(IPUC). This year's annual Fixed Cost Adjustment (FCA)
requests an increase of $710,580 for residential and
small general service customers in ldaho. lf the FCA
proposal is approved as filed, a typical residential customer
using 950 kilowatt-hours per month would see about a
$0.02 increase to their monthly bill beginning June 1.
The final impact to customer bills won't be known until
the second adjustment, the Power Cost Adjustment (PCA),
is filed in April. The PCA, if approved, will also become
effective June 1.
Residential
0.02%
Small General Service
0.01%
Overall Chanqe
0.020/o
The FCA rs a true-up mechanism that separates energy
sales from revenue to eliminate financial disincentives
for ldaho Power to invest in demand-side management,
which can contribute to use per customer declining.
The FCA annually adjusts prices up or down based on
actual changes in energy use per customer during the
previous year.
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An IDACORP CompanV
2O2O FCA REVENUE IMPACT BY CLASS
ln 2019, ldaho Power's energy efficiency programs saved
an incremental2O3,O4l megawatt hours - the highest
recorded savings year to date and enough energy to power
almost 18,000 average-sized homes for a year. ldaho Power
values demand-side management, energy efficiency and
education programs, and the FCA mechanism allows us to
provide these programs to our customers without negative
financial impacts.
FCA Background
The FCA allows ldaho Power to recover an IPUC-authorized
level of fixed costs - costs associated with things like
generation plants, power lines and substations - per
customer. lf, because of reduced energy use per customer
during the prior year, the company collects less than the
authorized fixed-cost amount, it can collect the difference
through a surcharge. lf the company collects more than the
authorized amount, it refunds the difference to customers
through a credit. Both scenarios have happened in the past.
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
(11331 W. Chinden Blvd. Building 8, Suite 20'l-A, Boise, lD
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 ldaho Power's application may be
filed with the IPUC.
Thank you for reading this notice.
We value your business!
<ltmloPo,r,ER.E Printed on rtr)rcled paper.
@2020 ldaho Power
3l !80-r-0085An IDACORP Company
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NEWS RELEASE
ldaho Power Fites Annual Fixed Cost
March 73,2O2O
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BOISE, ldaho - ldaho Power has filed the first of two spring cost adjustments with the ldaho Public
Utilities Commission (IPUC). This year's annual Fixed Cost Adjustment (FCA) requests an increase of
5710,580 for residential and small general service customers in ldaho. lf the FCA proposal is approved as
filed, a typical residential customer using 950 kilowatt-hours per month would see about a 50.02
increase to their monthly bill beginning June 1. The final impact to customer bills won't be known until
the second adjustment, the Power Cost Adjustment (PCA), is filed in April. The PCA, if approved, will also
become effective iune 1.
2020 FCA Revenue lmpact by Class
Percentage Change from Current Billed Rates
Residential SmallGeneralService
O.O2To O.07%
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, which can contribute to use per
customer declining. The FCA annually adjusts prices up or down based on actual changes in energy use
per customer during the previous year.
ln 2019, ldaho Powe/s energy efficiency programs saved an incremental 2O3,O4L megawatt hours -the highest recorded savings year to date and enough energy to power almost 18,000 average-sized
homes for a year. ldaho Power values demand-side management, energy efficiency and education
programs, and the FCA mechanism allows us to provide these programs to our customers without
negative financial impacts.
The FCA allows ldaho Power to recover an IPUC-authorized level of fixed costs - costs associated with
things like generation plants, power lines and substations - per customer. lf, because of reduced
energy use per customer during the prior year, the company collects less than the authorized fixed-cost
amount, it can collect the difference through a surcharge. lf the company collects more than the
authorized amount, it refunds the difference to customers through a credit. Both scenarios have
happened in the past.
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 (11331 W. Chinden Blvd. Building 8,
Suite 201-A, Boise, lD 837L4l,ldaho Power offices or on ldaho Powe/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 Powe/s application may be filed
with the tPUc.
P.O. Box 70 (83707)
1221 W. ldaho St.
Boise, lD 83702
About ldaho 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 goalto 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 Powe/s residential, business and agricultural customers pay among the
nation's lowest prices for electricity. lts 2,000 employees proudly serve more than 570,000 customers
with a culture of safety first, integrity always and respect for all.
IDACORP lnc. (NYSE: IDA), ldaho Powe/s independent publicly traded parent company, is also
headquartered in Boise, ldaho. To learn more, visit idahopower.com or idacorpinc.com.
Jordan Rodriguez
Comm unications Specia list
jrodriguez@ida hopower.com
208-388-2460