20210429News Release.pdf

ldaho Publlc U0lltles Commlssion
x) tcr ltmo !ot'r. D lrlDo?a hl llror{r,Guaarlrrffirfrfrr,Cnei-corldcArf'toa.Cantrllr
Case No. IPC-E-21-03
Order No. 34999
Contact: Adam Rush
Office: [phone]
[e-mail]. gov
NEWS RELEASE: Commission sets May l1 public comment deadline on annual fixed cost
adjustment application from Idaho Power
BOISE (April 29,2021) - The Idaho Public Utilities Commission has set a May 11 deadline for
the public to submit comments on an Idaho Power application to implernent new fixed cost
adjustrnent rates for electric service from June 1,2021through May 31,2022.
If approved, the new fixed cost adjustment rates would be for residential and small general
service customers.
The fixed cost adjustment is a cost-recovery mechanism that allows a utility to recover a
commission-authorized amount of fixed costs per customer. It is adjusted each spring based on
changes in energy use among customers over the previous year. If the fixed costs recovered are
less than the fixed costs authorized in the utility's most recent rate case, customers see a
surcharge on their bill. If the utility collects more in fixed costs than is authorized by the
commission, customers receive a credit.
Idaho Power is applying for a corresponding revised tariffSchedule 54 - fixed cost adjustment
- to recover the2020 fixed cost adjustment balance. Idaho Power said the 2020 fixed cost
adjustment balance is $38,315,499, made up of $36,706,200 for the residential class and
$1,609,299 for the small general service class.
Idaho Power is requesting an increase to fixed cost adjustment rates of 0.7008 cents per kilowatt
hour for residential customers and 0.8864 cents per kilowatt hour for small general service
customers. If approved, the proposed rates would increase current billed revenue for the
residential and small general service customers by 0.38 percent per year. The company said a
typical residential customer would see an increase of approximately $0.37 on their monthly bill
if the application is approved in full.
Comments must be filed through the public utilities commission website or by e-mail unless
computer access is not available. To comment using e-mail, please visit puc.idatro.gov and click
on the "Case Comment Form" link that is on the lower right side of the page. Please complete
the form using case number IPC-E-2l-03. Comments must also be e-mailed to
[e-mail], @ and [e-mail]