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An IDAOOf,P Company
NEWS RELEASE
ldaho Power Files Annual Power Cost Adjustment
April 15,2021
BOISE, Idaho - ldaho Power has filed the final piece of its annual spring cost adjustments with the
ldaho Public Utilities Commission (IPUC). This yea/s Power Cost Adjustment (PCA) calls for a price
increase of S39.1 million across all customer classes. Overall, ldaho Power's prices remain about 20%
lower than the national average for residential customers and 30% lower for business customers.
ldaho Power understands some customers are stil! facing hardship from the pandemic and remains
committed to helping those struggling with their bills. Expanded payment arrangement options are
available to help customers with past-due balances. Customers can callthe Customer Care team at
208-388-2323 or 1-800-488-6151to help set up payment arrangements or learn more about bill
assistance.
Neither ldaho 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 smallgeneral 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 ldaho Power customers. !f the PCA proposal is approved by the IPUC as
filed, the typical ldaho residential customer using 950 kilowatt-hours (kwh) of energy per month
wif l see a 52.57 increase on their bill related to this request, beginning June 1.
The annual Fixed Cost Adjustment (FCA), filed in March and applicable to only residentialand
small commercial customers, adjusts prices based on changes in energy use per customer during
the previous year. lf the FCA proposal is approved as filed, a typical residential customer will see
an increase of 50.37, beginning June 1.
The impact of these two filings is shown in the table. A typical ldaho residential customer will see an
overall monthly increase of 52.94. The actual percentage of change will depend on a custome/s class
and the rate they pay.
P.O. 8or 70 Gt707)
l22l W. H.ho tt.
Boirc, tD E370ll
a
a
2021RATE FIUNGS
Percentoge Chonge from Current Billed Revenue
Filing Revenue
Change
(millions)
Residential Small
General
Service
Large
General
Service r
Large
Power z
lrrigation
FCA Sz.r 0.38o/o 0.38%N/A N/A N/A
PCA Sgg.r 2.660/6 2.t2Yo 3.740/o 4s7%3.44%
Combined
lmpact a
$4]-.2 3.04%2.50Y,3,74%4s7%3.44%
r lncludes lighting schedules; z lncludes special contracts
The PCA has two main components: the forecast and the true-up. The forecast reflects ldaho Powe/s
anticipated fuel costs, purchased power costs and customer benefits from sales of surplus energy for the
coming Aprilthrough March. The true-up brings last yea/s forecasted costs in balance with costs
actually incurred by the company by looking back at what happened the previous Aprilthrough March.
The increase in this yea/s PCA is primarily attributed to a smaller credit to customers through the true-
up component. ln addition, this yea/s PCA forecast reflects expected increases to power costs primarily
due to weaker forecast water conditions, which would result in less low-cost hydro generation available
to serve customers, as well as higher costs associated with power purchase agreements under the Public
Utilities Regulotory Policy Act of ,978 (PURPA).
Opportunities for Public Review
ldaho 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 2OL-A, Boise, lD
837L4l,ldaho Power offices, or at idahooower.com or 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 proposal 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 24,000-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 Power's residential, business and agricultural customers pay among the
nation's lowest prices for electricity. lts 2,000 employees proudly serve more than 580,000 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 idacoroinc.com.
Jordan Rodriguez
Com mu nications Specialist
irodriguez@ idahopower.com
208-388-2450
Opportunities for Public Review
ldaho 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 20'l-A, Boise, lD
83714),ldaho Power offices, or at idahopower.com
or puc.idaho.gov. Customers also may subscribe to
the IPUC's RSS feed to receilre periodic updates via
email about the case. written comments regarding
ldaho Power's proposal may be filed with the IPUC.
ldaho Power Files Annual
Power Cost Adjustment
ldaho Power has filed the final piece of its annual
spring cost adjustments with the ldaho Public Utilities
Commission (IPUC). This year's Power Cost Adjustment
(PCA) calls for a price increase of $39.1 million across all
customer classes. Overall, ldaho Power's prices remain
about 20% lower than the national average for residential
customers and 30olo lower for business customers.
ldaho Power understands some customers are still
facing hardship from the pandemic and remains
committed to helping those struggling with their bills.
Expanded payment arrangement options are available
to help customers with past-due balances. Customers
can call the Customer Care team at 208-388-2323 or
1-800-488-6151 to help set up payment arrangements or
learn more about bill assistance.
Thank you for reading this notice.
We value your business.
sltmroPo,l,ER"O Printed on recycled paper.
An loAcoRP comDany
@2021 ldaho Power
31 1 80-r-01 30
Neither ldaho 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 ldaho Power customers. lf the PCA proposal
is approved by the IPUC as filed, the typical ldaho
residential customer using 950 kilowatt-hours (kwh) of
energy per month will see a $2.57 increase on their bill
related to this request, beginning June 1.
o 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. lf the FCA
proposal is approved as filed, a typical residential
customer will see an increase of $0.32 beginning June 1
The impact of these two filings is shown in the
table. A typical ldaho residential customer will see an
overall monthly increase of $2.94. The actual percentage
of change will depend on a customer's class and the rate
they pay.
nevenue
Change(milliotrs)
Small
G?nrral
service
LargeG.neral
Serui(cl
The PCA has two main components: the forecast and the
true-up. The forecast reflects ldaho Power's anticipated
fuel costs, purchased power costs and customer benefits
from sales of surplus energy for the coming Aprilthrough
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.
The increase in this year's PCA is primarily attributed
to a smaller credit to customers through the true-up
component. ln addition, this year's PCA forecast reflects
expected increases to power costs primarily due to weaker
forecast water conditions, which would result in less
low-cost hydro generation available to serve customers,
as well as higher costs associated with power purchase
agreements under the Public Utilities Regulatory Policy Act
of 1978 (PURPA).
i!-
-
lrrigation
$2.1 0.38% 0.38% N/A N/A N/A
$39.1 2.660/o 2J2% 3.74Yo 4.97o/o 3.44%
$41.2 3.04o/o 2.50o/o
largeBcsldGntlal
I lncludes lighting s(hedules;
r lncludes special contracts
FIXED COST ADJUSMENT (FCA)
POWER COST ADJUSMEnT (PCA)
COMBINED IMPACT
3.74%4.97olo 3.440h
3StmHO POI'I,ER
/.,tll),, l1 . fi r,
t
ldaho Power
Files Annua!
Power Cost
ldaho Po,\aer has filed the final piece of is annual spring cost adjusfnents
with the ldaho tublic Ljtilities Commission (IRJC). This year's Forver Cost
Adjustment (rcA) calb for a price increase of $39.1 million acrocs all
customer dasses. Overall, ldaho Poriver's prices remain about 20olo krvrer
than the national average for residential orstomers and 30% lovver for
business customers.
ldaho Poner understands some customers are still lacing hardship from the
pandemic and remairs committed to helping those strugg[ng with their bills.
Expanded payment anangement options are available to help customers
with past-due balances. Customers can call the CusOmer Care team at
20&388-2323 or 1-800-488-6151 to help set up payment arrangements or
leam more about bill asristance.
Neither ldaho Poarer nor fu shareholders receive arry financial retum from
this filing - money collected is used to either recorer costs or oedh benefits
associated with annual fluctuations in porer costs. Ttpse typicalv represent
approximately one-fourth to one-third of the company's annual cost of
serving customers.
The o€rall impact to customer bills for residential and small general servke
customers is dependent on the outcome of the follorving two filings:
. The annual PCA, filed April 15, is a cost-recovery tool that pass6 on both
the b€rEfits and costs of supplying energy to ldaho Poiver customers. lf the
PCA proposal is approved by the IPUC as filed, the typical ldaho residential
custome( using 950 kilo\ilatt-hours (kwh) of energy per month will see a
,2.57 increas€ on their bill relaed to this request, beginning June 1.
. The annual tixed Cost Adjustment (FCA), filed in March and applicable
to ont residential and small commercial customers, adiusts prkes based
on changes in energy ue per customer during the
previous year. lf the FCA proposal is approved as filed,
a typical residential customer will see an increase of
$0.37, beginning June '1.
The impact of tfiese two filings is shown in the
tabh. A typical ldaho residential customer will see an
werall monthly increase of t2.94. The actual pocentage
of change will depend on a customer's dass and the rate
they pay.
{*,? }.m i tarmtn
$2.1 0.38% 0.38o/o N/A N/A N/A
$39.1 2.66% 2.12o/o 3.74o/o 4.97oh 3.44oh
Cdtiruedo GEeide
$ar.2 1 3.oa% : z.lo% i 3.zl* a.971 I 3.44%
r Ir!ludc! lighlirg srlrcdul$,j lil(l!des spr( al !0rlradt
ldaho Power Files Annual Power Cost Adjustment
Continued frch teveBe tide
The PCA has two main components: the
forecast and the true-up. The forecast
reflects ldaho Powefs anticipated fuel
costs, purchased power costs and customer
benefits from sales o{ 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
prB/ious April through March.
The inoease in this year's PCA is primarily
attributed to a smaller oedh to customers
through the true-up component.
ln addition, this year's PCA forecast reflects
expected increases to poruer costs primarily
due to weaker forecast water conditions,
which would resuh in less lorv-cost hydro
generation available to serve customers,
as well as higher costs associated with
power purchase agreements under the
tublic Wil* Regulatory tulicy Aa of
,978 (PURPA).
SttmloPo,l,ER.
An IoACORP Compeny
PRE.SORTED
'TANOARDU-S, POSTAGT
PAID
BOt5t. tD
ItRMtT NO.679
Opportunities for
Public Review
ldaho 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
(1133'l W. Chinden Blvd. Building 8, Suite
201-A, Boise lD 83714), ldaho Power
offices, or at idahopower.com or
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 Powefs proposal may be filed with
the IPUC.
Thank you for reading this notice.
We value your business.
P.O. Box 70 (83707)
1221 W. ldaho 5r.
Borse, lD 83702
lmoortantlnformation:Pbare ilote: W€ wafit to ensure a[ of our customers
hrve suffichrt time to submit comments to the lruC.
Because your bill is processed to\ilard the end of the
IPUC's radew of our request, you will receive thb
notification twice: first in this postcard and then in
an insert in your bill later this month.