20200821Customer Notice and Press Release.pdf

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An IDACORP Compiny
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ldaho Power Exiting Coal Plant;
Proposes Reinvesting Savings in
Energy Efficiency
ldaho Power's early exit from the Boardman coal-fired
power plant will decrease pices for ldaho customers,
with the savings largely offsetting additional funding
for energy efficiency programs.
ln two proposals submitted to the ldaho Public Utilities
Commission (IPUC), ldaho Power has taken another step
toward its goal to provide 100% clean energy by 2045,
The company requested a decrease of $3 9 million related
to its exit from the Boardman coal-fired power plant and an
increase of $3.7 million to raise the Energy Efficiency Rider
from 2.75Yo to 3.10% of base rate revenues lf the proposals
are approved by the IPUC, the average ldaho residential
customer using 950 kilowatt hours (kWh) of energy per month
will see a decrease of $0 02 per month Both changes would
be effective )an 1,2021,
Exit From Boardman CoalPlant
Decreases Customer Rates
As ldaho Power is set to ex t the Boardman coal-fired plant
in fall 2020, the company is requesting that the IPUC find
Boardman investments made through lune 30, 2020,
as prudently incurred and to decrease customer rates
$3.9 million to reflect full deprecation of all Boardman
investments, effective Jan 1,2021
tf approrcd by the IPUC, this request uould result in a
decrease of $0.31 per montr for the average ldaho residential
customer. Rate impacts for all customer dasses are included
in the table belqar.
ldaho PowerRequesG lncrease to Energy
Effidency Rider Funding
ldaho Pourcrl Ernrgy Efficierry Rider. whidr helps fund energy
efficlency and dernand sir# rnanagemert progcrrr, b arrrently set
at 2.75Yo of bae ate rerenues. The current funding lercb are rrct
sufficient to offset ldaho Porc/s Energy Efficierrcy expuses ard fie
ornpany5 request to incere crstorner nE $3.7 million by setting
the Energy Efficiency Rider at 3.10% of base rate rewnues, effectirre
Jan. 1, 2021, will betteralign funding with current oper6es.
lf appmred by the IPUC, this request vrould rsult in an orerall
increase to cusbmer rates of 0.31% and an increase of $0.29 per
month forthe a/erage ldaho mkiential qJsffner. Hoaner, the net
mults b custonrers wtren cornbined with the deoeases due to the
Boardman exit resuh in a slight decrease for most customers.
See the table belory for more details.
tilh0
Boardman
Et Ridd
nrY.m(hri.(rlfic)
-13.s
tmi tI!.lGd.nu.l Gcd 6!i.rrlS.[kt Lwkd
-0.32% -0.30% .0,35%
tt r.tml
-0.35%
0.31%
lnhEu0
.0.35%
0.32%t3.7 0.30% 0.3I% 0.32%
Corblnadlmp.dr -so.r -0.0216 0.00t5 .0.031a .0.04t .0.0f*
I lndudes lightng sde&les I lrludes special contncts
! Totals rnay not sum due to rounding
Opportunities for Public Revie,ur
ldaho Power's filing is subject to public review and approval by
the IPUC. Copies of the application are available on ldaho Pov're/s
vrtbsite, idahopower.com; or on the IPUC website.
puc.idaho.gov. Documents are also arailable at ldaho Povtrer
offices (please call 20&388-2tl60to make arrangements) or lfuC
offices (please call208-!13&0!lfil to set up an appointnrent).
Customers also may subsoibe to the IPUC's RSS feed to receirre
periodic updates via email about the case. Written comments
regarding ldaho Power! application may be filed with the IPUC.
Thank you for reding this notice.
We valw your irrsiaess.
BTMTOF(TTER"0 Printed of, recyrled pepcr
02020ldaho Pomr
31180-r-0107
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An IDACORP Companv
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An TDACORP Companv
ldaho Power Exiting Coal Plant; Proposes Relnvesting Savings ln Energy Efflclency
ldoho Power's eorly exit from the Boordmon cool-fired power plont will decreose prices for ldoho
customers, with the sovings lorgely offsetting odditionolfunding for energy efficiency progroms.
BO|SE, ldaho, August 2L,2020 - ln two proposals submitted to the ldaho Public Utilities Commission
(IPUC), ldaho Power has taken another step toward its goalto provide 100% clean energy by 2O45.
"Continuing our path away from coal and emphasizing energy efficiency are two top-of-mind initiatives
for ldaho Power," said Adam Richins, Senior Vice President and Chief Operating Officer.
"This opportunity to provide additional funding for energy efficiency programs is a win-win for our
company and our customers."
The company requested a decrease of 53.9 million related to its exit fmm the Boardman coal-fired
power plant and an increase of S3.z million to raise the Energy Efficiency Rider from 2.75%to 3.10% of
base rate revenues. tf the proposals are approved by the IPUC, the average ldaho residential customer
using 950 kilowatt hours (kWh) of energy per month will see a decrease of 50.02 per month.
Both changes would be effective lan,1,2O2L.
Exit from Boardman Coal Plant Decreases Customer Rates
As ldaho Power ls set to exit the Boardman coal-fired plant in lall2020, the company is requestint that
the IPUC find Boardman lnvestments made through June 3Q 2O2O, as prudently incurred and to
decrease customer rates 53.9 million to reflect full deprecation of all Boardman investments,
effective Jan. 1, 2021.
lf approved by the IPUC, this request would result in a decrease of 50.31 per month for the average
ldaho residentaal customer. Rate impacts for all customer classes are included in the table below.
ldaho Power Requests lncrease to Energy Efficlency Rlder Fundlng
ldaho Powe/s Energy Efficiency Rider, which helps fund energy efficiency and demand side
management proBrams, is currently set at 2.75% of base rate revenues. The current funding levels are
not sufficient to offset ldaho Power's Energy Efficiency expenses and the company's request to increase
customer rates S3.7 million by setting the Energy Efficiency Rider at 3.10% of base rate revenues,
effective Jan. 1, 2021, will better align funding with current expenses.
lf approved by the IPUC, this request would result in an overall increase to customer rates of 0.31% and
an increase of 50.29 per month for the average ldaho residential customer. However, the net results to
customers when combined with the decreases due to the Boardman exit result in a slight decrease for
most customers. See the table below for more details.
COMBINED RATE IMPACTS OF BOTH FIUNGS
Percentage Chonge from Current Billed Revenue
Filing Revenue
Change
(millions)
Residential Small
Genera!
Service
LarBe
General
Service r
Large
Power z
!rrigation
Boardman -Ss.g -o.32%-0.30%-0.3s%-0.3s%{.35%
EE Rider Ss.z 0.30%o.3L%o.32%03L%o.32%
Combined
lmpact r
-So.g -o.o2%0.00%-o.03%-o.o4%4.U%
r lncludes lightlng schedules; z lncludes special contracts; rTotals may not sum due to rounding
Opportunities for Publlc Review
ldaho Powe/s filing is subject to public review and approval by the !PUC. Copies of the applicataon are
available on ldaho Powe/s website, ldahopower.com; or on the IPUC website, puc.idaho.gov.
Documents are also available at ldaho Power offices (please call 208-388-2460 to make arrangements)
or IPUC offices (please call 208-334{300 to set up an appointment). Customerc 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 IPUC.
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,OOGsquare-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 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 idahooower.com or idacorpinc.com.
C.ontact:Jordan Rodriguez
Communications Specialist
208-251-8059
irod [e-mail]
1-80G458-1443 media line