20220315News Release and Customer Notice.pdf

 
Idaho Power Files Annual Fixed Cost Adjustment  

Idaho Power has filed the first of two annual cost adjustments with the Idaho Public Utilities 
Commission (IPUC). This year’s annual Fixed Cost Adjustment (FCA) requests a decrease of $4.9 million, 
or 0.81%, for residential and small general service customers in Idaho.  
If the FCA proposal is approved as filed, a typical residential customer using 950 kilowatt‐hours per 
month would see about a $0.81 decrease to their monthly bill beginning June 1. However, the final 
impact to customer bills won’t be known until a second annual adjustment, the Power Cost Adjustment 
(PCA), is filed in April.  
In addition to the FCA filing, Idaho Power has requested a price increase to collect the cost of an 
accelerated depreciation schedule for all coal‐related investments at the Jim Bridger Power Plant in 
Wyoming. Idaho Power’s most recent long‐range plan has concluded that ending coal‐fired operations 
at Bridger by end of year 2028 will lower costs for our customers over the 20‐year planning horizon. The 
Bridger filing calls for near‐term revenue increase of $27.1 million, or 2.17%, to facilitate the earlier exit. 
If approved, all rate changes will go into effect June 1.  

   2022 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  ‐$4.9  ‐0.81%  ‐0.82% N/A N/A N/A 
Bridger $27.1 2.08% 1.99% 2.24% 2.23% 2.30% 
Combined 
Impact 
$22.2 1.27% 1.17% 2.24% 2.23% 2.30% 
1 Includes lighting schedules; 2 Includes special contracts  
The FCA annually adjusts prices up or down based on actual changes in energy use per customer during 
the previous year. It is a true‐up mechanism that separates energy sales from revenue to eliminate 
financial disincentives for Idaho Power to invest in demand‐side management, which can contribute to 
use per customer declining.  
In 2021, Idaho Power’s energy efficiency programs saved 143,971 megawatt hours — enough energy to 
power about 12,600 average‐sized homes for a year. Idaho Power values demand‐side management, 
energy efficiency and education programs, and the FCA mechanism allows us to provide these programs 
to our residential and small general service customers without negative financial impacts.  
The FCA allows Idaho Power to recover an IPUC‐authorized level of fixed costs — costs associated with 
things like generation plants, power lines and substations — per customer. If the company collects less 
than the authorized fixed‐cost amount, it can collect the difference through a surcharge. If the company 
collects more than the authorized amount, it refunds the difference to customers through a credit.   
Opportunities for Public Review  
Idaho 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, 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 application 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 600,000 
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 
Idaho Power Files Annual Fixed Cost Adjustment
Idaho Power has filed the first of two annual cost
adjustments with the Idaho Public Utilities Commission
(IPUC). This year’s annual Fixed Cost Adjustment (FCA)
requests a decrease of $4.9 million, or 0.81% for
residential and small general service customers in Idaho.
If the FCA proposal is approved as filed, a typical
residential customer using 950 kilowatt-hours per month
would see about a $0.81 decrease to their monthly bill
beginning June 1. However, the final impact to customer
bills won’t be known until a second annual adjustment,
the Power Cost Adjustment (PCA), is filed in April.
In addition to the FCA filing, Idaho Power has requested
a price increase to collect the cost of an accelerated
depreciation schedule for all coal-related investments at
the Jim Bridger Power Plant in Wyoming. Idaho Power’s
most recent long-range plan has concluded that ending
coal-fired operations at Bridger by end of year 2028 will
lower costs for our customers over the 20-year planning
horizon. The Bridger filing calls for near-term revenue
increase of $27.1 million, or 2.17%, to facilitate the earlier
exit. If approved, all rate changes will go into effect June 1.
2022 RATE FILINGS
Percentage Change from Current Billed Rates
Filing Revenue Change
(millions) Residential Small General
Service
FCA -$4.9 -0.81%-0.82%
Bridger $27.1 2.08%1.99%
Combined Impact $22.2 1.27%1.17%
©2022 Idaho Power
Printed on recycled paper.
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The FCA annually adjusts prices up or down based on actual
changes in energy use per customer during the previous
year. It is a true-up mechanism that separates energy sales
from revenue to eliminate financial disincentives for Idaho
Power to invest in demand-side management, which can
contribute to use per customer declining.
In 2021, Idaho Power’s energy efficiency programs saved
143,971 megawatt hours — enough energy to power
about 12,600 average-sized homes for a year. Idaho Power
values demand-side management, energy efficiency and
education programs, and the FCA mechanism allows us to
provide these programs to our residential and small general
service customers without negative financial impacts.
FCA Background
The FCA allows Idaho Power to recover an IPUC-authorized
level of fixed costs — costs associated with things like
generation plants, power lines and substations — per
customer. If the company collects less than the authorized
fixed-cost amount, it can collect the difference through a
surcharge. If the company collects more than the authorized
amount, it refunds the difference to customers through
a credit.
Opportunities for Public Review
Idaho 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, 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 application may be filed
with the IPUC.
Thank you for reading this notice. We value your business!