20200415Customer Notice and New Release.pdf

Opportunities for Public Review
Idaho Power’s proposal is 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, ID 83714); Idaho Power offices or on Idaho
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 Idaho
Power’s proposal may be filed with the IPUC.
Thank you for reading this notice. We value your business.
©2020 Idaho Power
Printed on recycled paper.
31180-I-0089
Brownlee Dam
Idaho Power has filed the final piece of its annual
spring cost adjustments with the Idaho Public Utilities
Commission (IPUC). After two years of price decreases
for most customers, this year’s Power Cost Adjustment
(PCA) calls for a price increase of $58.7 million across all
customer classes. If approved by the Commission, Idaho
Power’s prices would still be lower than they were three
years ago. Overall, Idaho Power’s prices are 20% lower
than the national average for residential customers and
30% lower for business customers.
Idaho Power understands the difficulties many customers
are experiencing during the COVID-19 pandemic and has
voluntarily suspended disconnects for residential and small
commercial customers and temporarily waived associated
late fees to help those in need. Idaho Power considered
additional mitigation measures in its PCA filing, but
determined that recommending postponed collection of
known costs could increase the burden on customers in
future years, impact Idaho Power operations and create
uncertainty for the financial community.
Idaho Power Files Annual Power Cost Adjustment
Brownlee Dam
2020 RATE FILINGS
PERCENTAGE CHANGE FROM CURRENT BILLED REVENUE
Revenue Change (millions)Residential Small General Service
Large General Service1
Large Power2 Irrigation
FIXED COST ADJUSMENT (FCA)
$0.1 0.02%0.01%N/A N/A N/A
POWER COST ADJUSMENT (PCA)
$58.7 4.20%3.47%5.76%7.50%5.32%
COMBINED IMPACT3
$58.8 4.23%3.48%5.76%7.50%5.32%
1 Includes lighting schedules; 2 Includes special contracts;
3 Totals may not add up exactly due to rounding
Neither Idaho Power nor its shareholders receive any
financial return from this filing — money collected is
used to either recover costs or credit benefits associated
with annual fluctuations in power costs. These typically
represent approximately one-fourth to one-third of the
company’s annual cost of serving customers
The overall impact to customer bills for residential and
small general service customers is dependent on the
outcome of the following two filings:
• The annual PCA, filed April 15, is a cost-recovery tool
that passes on both the benefits and costs of supplying
energy to Idaho Power customers. If the PCA proposal
is approved by the IPUC as filed, the typical Idaho
residential customer using 950 kilowatt-hours (kWh)
of energy per month will see a $4.01 increase on their
bill related to this request, beginning June 1.
• The annual Fixed Cost Adjustment (FCA), filed in
March and applicable to only residential and small
commercial customers, adjusts prices based on
changes in energy use per customer during the
previous year. If the FCA proposal is approved as filed,
a typical residential customer will see an increase of
$0.02, beginning June 1.
The impact of those two filings is shown in the table.
A typical Idaho residential customer will see a monthly
increase of $4.03 when the impact of both filings is
considered. The actual percentage of change will
depend on a customer’s class and the rate they pay.
The PCA has two main components: the forecast and the
true-up. The forecast reflects Idaho Power’s anticipated
fuel costs, purchased power costs and customer benefits
from sales of surplus energy for the coming April through
March. The true-up brings last year’s forecasted costs
in balance with costs actually incurred by the company
by looking back at what happened the previous April
through March.
This year’s PCA increase largely reflects the return to
a more normal level of power supply costs as market
energy prices have come down from unusally high levels
reflected in last year’s PCA. While it may seem counter-
intuitive, power supply costs for Idaho Power tend to be
lower during periods of higher market energy prices as
resulting increased sales of surplus energy help to offset
power supply costs. Additionally, last year’s PCA included
$7.7 million in one-time customer benefits associated with
revenue sharing and tax reform, which will expire at the
end of the current PCA year.
Brownlee Dam
Continued on reverse side
Idaho Power has filed the final piece of its annual spring cost adjustments
with the Idaho Public Utilities Commission (IPUC). After two years of price
decreases for most customers, this year’s Power Cost Adjustment (PCA) calls
for a price increase of $58.7 million across all customer classes. If approved
by the Commission, Idaho Power’s prices would still be lower than they were
three years ago. Overall, Idaho Power’s prices are 20% lower than the national
average for residential customers and 30% lower for business customers.
Idaho Power understands the difficulties many customers are experiencing
during the COVID-19 pandemic and has voluntarily suspended disconnects
for residential and small commercial customers and temporarily waived
associated late fees to help those in need. Idaho Power considered additional
mitigation measures in its PCA filing, but determined that recommending
postponed collection of known costs could increase the burden on customers
in future years, impact Idaho Power operations and create uncertainty for
the financial community.
Neither Idaho Power nor its shareholders receive any financial return from
this filing — money collected is used to either recover costs or credit benefits
associated with annual fluctuations in power costs. These typically represent
approximately one-fourth to one-third of the company’s annual cost of
serving customers
The overall impact to customer bills for residential and small general service
customers is dependent on the outcome of the following two filings:
• The annual PCA, filed April 15, is a cost-recovery tool that passes on both
the benefits and costs of supplying energy to Idaho Power customers. If the
PCA proposal is approved by the IPUC as filed, the typical Idaho residential
customer using 950 kilowatt-hours (kWh) of energy per month will see a
$4.01 increase on their bill related to this request, beginning June 1.
Idaho Power
Files Annual
Power Cost
Adjustment
Brownlee Dam
2020 RATE FILINGS
PERCENTAGE CHANGE FROM CURRENT BILLED REVENUE
Revenue Change (millions)Residential Small General Service
Large General Service1
Large Power2 Irrigation
FIXED COST ADJUSMENT (FCA)
$0.1 0.02%0.01%N/A N/A N/A
POWER COST ADJUSMENT (PCA)
$58.7 4.20%3.47%5.76%7.50%5.32%
COMBINED IMPACT3
$58.8 4.23%3.48%5.76%7.50%5.32%
1 Includes lighting schedules;
2 Includes special contracts;
3 Totals may not add up exactly due to rounding
• The annual Fixed Cost Adjustment (FCA), filed in
March and applicable to only residential and small
commercial customers, adjusts prices based on
changes in energy use per customer during the
previous year. If the FCA proposal is approved as filed,
a typical residential customer will see an increase of
$0.02, beginning June 1.
The impact of those two filings is shown in the
table below. A typical Idaho residential customer will
see a monthly increase of $4.03 when the impact of both
filings is considered. The actual percentage of change will
depend on a customer’s class and the rate they pay.
P.O. Box 70 (83707)
1221 W. Idaho St.
Boise, ID 83702
PRE-SORTED STANDARD
U.S. POSTAGE
PAID
BOISE, ID
PERMIT NO. 679
Important Information:Please Note: We want to ensure all of our customers
have sufficient time to submit comments to the IPUC.
Because your bill is processed toward the end of the
IPUC’s review of our request, you will receive this
notification twice: first in this postcard and then in
an insert in your bill later this month.
Idaho Power Files Annual Power Cost Adjustment
The PCA has two main components: the
forecast and the true-up. The forecast
reflects Idaho Power’s anticipated fuel
costs, purchased power costs and customer
benefits from sales of surplus energy for the
coming April through March. The true-up
brings last year’s forecasted costs in balance
with costs actually incurred by the company
by looking back at what happened the
previous April through March.
This year’s PCA increase largely reflects the
return to a more normal level of power
supply costs as market energy prices have
come down from unusally high levels
reflected in last year’s PCA. While it may
seem counter-intuitive, power supply costs
for Idaho Power tend to be lower during
periods of higher market energy prices
as resulting increased sales of surplus
energy help to offset power supply costs.
Additionally, last year’s PCA included $7.7
million in one-time customer benefits
associated with revenue sharing and tax
reform, which will expire at the end of the
current PCA year.
Continued from reverse side
Opportunities for
Public Review
Idaho Power’s proposal is 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, ID 83714); Idaho
Power offices or on Idaho 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 Idaho
Power’s proposal may be filed with
the IPUC.
Thank you for reading this notice.
We value your business.

NEWS RELEASE

Idaho Power Files Annual Power Cost Adjustment
April 15, 2020

BOISE, Idaho — Idaho Power has filed the final piece of its annual spring cost adjustments with the
Idaho Public Utilities Commission (IPUC). After two years of price decreases for most customers,
this year’s Power Cost Adjustment (PCA) calls for a price increase of $58.7 million across all customer
classes. If approved by the Commission, Idaho Power’s prices would still be lower than they were three
years ago. Overall, Idaho Power’s prices are 20% lower than the national average for residential
customers and 30% lower for business customers.
Idaho Power understands the difficulties many customers are experiencing during the COVID-19
pandemic and has voluntarily suspended disconnects for residential and small commercial customers
and temporarily waived associated late fees to help those in need. Idaho Power considered additional
mitigation measures in its PCA filing, but determined that recommending postponed collection of known
costs could increase the burden on customers in future years, impact Idaho Power operations and
create uncertainty for the financial community.
Neither Idaho Power nor its shareholders receive any financial return from this filing — money collected
is used to either recover costs or credit benefits associated with annual fluctuations in power costs.
These typically represent approximately one-fourth to one-third of the company’s annual cost of
serving customers
The overall impact to customer bills for residential and small general service customers is dependent on
the outcome of the following two filings:
• The annual PCA, filed today, is a cost-recovery tool that passes on both the benefits and costs of
supplying energy to Idaho Power customers. If the PCA proposal is approved by the IPUC as
filed, the typical Idaho residential customer using 950 kilowatt-hours (kWh) of energy per month
will see a $4.01 increase on their bill related to this request, beginning June 1.
• The annual Fixed Cost Adjustment (FCA), filed in March and applicable to only residential and
small commercial customers, adjusts prices based on changes in energy use per customer during
the previous year. If the FCA proposal is approved as filed, a typical residential customer will see
an increase of $0.02, beginning June 1.
The impact of those two filings is shown in the table. A typical Idaho residential customer will see a
monthly increase of $4.03 when the impact of both filings is considered. The actual percentage of
change will depend on a customer’s class and the rate they pay.

2020 RATE FILINGS
Percentage Change from Current Billed Revenue
Filing Revenue
Change
(millions)
Residential Small General
Service
Large General
Service 1
Large Power 2 Irrigation
FCA $0.1 0.02% 0.01% N/A N/A N/A
PCA $58.7 4.20% 3.47% 5.76% 7.50% 5.32%
Combined
Impact 3
$58.8 4.23% 3.48% 5.76% 7.50% 5.32%
1 Includes lighting schedules; 2 Includes special contracts; 3 Totals may not sum due to rounding
The PCA has two main components: the forecast and the true-up. The forecast reflects Idaho Power’s
anticipated fuel costs, purchased power costs and customer benefits from sales of surplus energy for the
coming April through March. The true-up brings last year’s forecasted costs in balance with costs
actually incurred by the company by looking back at what happened the previous April through March.
This year’s PCA increase largely reflects the return to a more normal level of power supply costs as
market energy prices have come down from unusally high levels reflected in last year’s PCA. While it
may seem counter-intuitive, power supply costs for Idaho Power tend to be lower during periods of
higher market energy prices as resulting increased sales of surplus energy help to offset power supply
costs. Additionally, last year’s PCA included $7.7 million in one-time customer benefits associated with
revenue sharing and tax reform, which will expire at the end of the current PCA year.
Opportunities for Public Review
Idaho Power’s proposal is 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, ID
83714); Idaho Power offices or on Idaho 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 Idaho Power’s proposal may be filed with the IPUC.
About Idaho Power
Idaho Power, headquartered in vibrant and fast-growing Boise, Idaho, has been a locally operated
energy company since 1916. Today, it serves a 24,000-square-mile area in Idaho 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, Idaho Power’s residential, business and agricultural customers pay among the
nation’s lowest prices for electricity. Its 2,000 employees proudly serve more than 570,000 customers
with a culture of safety first, integrity always and respect for all.
IDACORP Inc. (NYSE: IDA), Idaho Power’s independent publicly traded parent company, is also
headquartered in Boise, Idaho. To learn more, visit idahopower.com or idacorpinc.com.
Jordan Rodriguez, Communications Specialist
[e-mail] 208-388-2460