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HomeMy WebLinkAbout20220519Reply Comments.pdf\ rr _ Irr' "a r L - l,i'r L v i..STHH. ;,i? Hl,',i l! Ps 3: 52 . .1...1 i-i-:, :li -1Y-r'^iie1gru Lisa D. Nordstrom AnnAoOnPOolIE ny P.O.8ox 70 (83707) lzlt W. ldrho 5t. Boisc. lD 8i1702 LISA D. NORDSTROM Lead Counse! I nordstrom@ida hoporrer.com May 1 9,2022 Jan Noriyuki, Secretary ldaho Public Utilities Commission 11331 W. Chinden Boulevard Building 8, Suite 201-A Boise, ldaho 83714 Re: Case No. IPC-E-22-11 Application of Idaho Power Company for Authority to lmplement Power Cost Adjustment ("PCA) Rates for Electric Service from June 1 ,z0z2,through May 31,2023 Dear Ms. Noriyuki: Attached for electronic filing is ldaho Power Company's Reply Comments in the above-entitled matter. lf you have any questions about the attached documents, please do not hesitate to contact me. Very truly yours, X*!.7("*t..*, LDN:sg Enclosures LISA D. NORDSTROM (lSB No. 5733) ldaho Power Company 1221 West ldaho Street (83702) P.O. Box 70 Boise, ldaho 83707 Telephone: (208) 388-5825 Facsimile: (208) 388-6935 lnordstrom@ida hooower.com Attorney for ldaho Power Company BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION IN THE MATTER OF THE APPLICATION OF IDAHO POWER COMPANY FOR AUTHORITY TO IMPLEMENT POWER cosT ADJUSTMENT (PCA',) RATES FOR ELECTRIC SERVICE FROM JUNE 1,2022, THROUGH MAY 31 ,2023, CASE NO. IPC-E-22-11 IDAHO POWER COMPANY'S REPLY COMMENTS ) ) ) ) ) ) ) ) ) COMES NOW, ldaho Power Company ("ldaho Powe/' or.Company"), hereby respectfully submits the following Reply Comments in response to Comments filed by Staff ("Staff') of the ldaho Public Utilities Commission ("Commission") and the !ndustrial Customers of ldaho Power ("lClP') in the matter of the Company's application for authority to implement Power Cost Adjustment ('PCA') rates for electric service from June 1,2022, through May 31 ,2023. IDAHO POWER COMPANY'S REPLY COMMENTS - 1 I. BACKGROUND On April 15,2022, ldaho Power applied to the Commission for an order approving an update to Schedule 55 based on the quantification of the 2022-2023 PCA to become effective June 1 ,2022, for the period June 1 ,2022, through May 31 ,2023. As filed, the 2022-2023 PCA would result in an overall revenue increase of approximately $103.4 million, or an 8.27 percent increase over the current billed revenue. Since the original filing, in response to a production request from Staff, the Company calculated an updated 2022-2023 PCA forecast based on updated modeling assumptions for the Company's Jim Bridger Power Plant ("Bridgef). With the updated forecast, the revised 2022-2023 PCA would result in a $94.9 million increase in PCA revenue relative to current rates, an $8.5 million decrease from the originalfiling. On May 13,2022, Staff and lClP filed comments in this case. Staffs comments recommended approval of the Bridger-adjusted PCA amount of $94.9 million, based on its review of the Application and an extensive audit of the Company's filing. Staff also recommended that the Company keep the Commission and Staff apprised of water and weather conditions that may warrant an out-of-cycle PCA adjustment, and recommended additional analysis surrounding an outage at Unit 3 of the Company's Hells Canyon Power Plant. lClP's comments largely centered around rate mitigation, proposing to spread the requested PCA increase over a two-year period. IDAHO POWER COMPANY'S REPLY COMMENTS - 2 II. REPLY COMMENTS ldaho Power appreciates and acknowledges Staffs extensive review of the Company's filing, and agrees with Staffs conclusion that the filed PCA components appropriately calculate the 2022-2023 PCA rates under the currently approved methodology. ldaho Power supports Staffs recommendation to file an updated Schedule 55 reflecting an $8.5 million decrease in PCA revenue collection from the originalfiling as a result of updated Bridger assumptions. Additionally, ldaho Power is largely supportive of Staffs recommendations related to the Hells Canyon Unit 3 outage and continued communication regarding evolving hydro conditions. Lastly, while ldaho Power is not necessarily opposed to rate mitigation measures as discussed in its initialApplication, the Company remains concerned with the risk of future compounding effects that may result from the lClP's proposal to spread the PCA rate increase over a two-year period. Each of these issues is discussed in more detail below. A. Chanqe to Forecast NPSE due to Updated Bidoer Assumotions As discussed on page 10, Iines 1 through 11, of the Direct Testimony of Jessica G. Brady, ldaho Power's filed PCA in this case reflected Bridger Unit 1 availability for dispatch at the revised state implementation plan (SlP) levels, and Bridger Unit 2 availability at a 25 percent level from June through October 2022 in consideration of ongoing uncertainty retated to U.S. Environmental Protection Agency negotiations. Since the filing of the PCA, confidential settlement discussions have progressed to a point where ldaho Power feels more confident in its ability to operate the Bridger plant at levels higher than those included in the initial filing. As a result, ldaho Power calculated an estimated change in net power supply IDAHO POWER COMPANY'S REPLY COMMENTS.3 expenses ("NPSE') if Bridger is fully available for the summer of 2022. By taking the difference between Bridger dispatch costs and known gas and power purchase prices from Energy Risk Management firm orders and multiplying that by the megawatt-hours for June through September 2022, the Company calculated a total estimated decrease of $9.34 million in system forecast NPSE from the original filing. This equates to an estimated $8.5 million decrease in total ldaho jurisdictional PCA collection. Table 1 presents an updated separation of the proposed $94.9 million increase into each component included in the Company's proposed rates. Table 1 Updated Revenue lmpac by C.omponent Une No. Rate CrmDonent 202L-2022PCA 2022-2023PCA Difference 1 2 3 4 5 PCA Forecast PCA Balancing Adjustment PCA Total Revenue Sharing s s 131,825,053 (18,320,281) s !70,324,638 s 38,664,487 s S 38,499,575 56,984,768 s s 113,504,783 s 208,989,125 S (s68,771) s s 95,484,:143 (568,77LI Total Revenue lmpact $ u3,504,783 s 208,420,355 5 9q,9t5,572 ldaho Power concurs with Staff that it is appropriate to update the PCA forecast in this case to reflect a reasonable adjustment to expected operating conditions. To incorporate the change in Bridger assumptions, ldaho Power has calculated an updated PCA forecast rate. Table 2 presents the system-level differences between currently approved base level NPSE and the updated forecast NPSE for the 2022-2023 PCA Year by FERC account. IDAHO POWER COMPANY'S REPLY COMMENTS -4 Table 2 Uodated 2022-2023 PCA FORECAST flotalSvstem) Line No.FERC Account Base NPSE Forccast Dlfference 1 2 3 4 5 6 95% Sharino Accounts Account501, Coal Account 536, Water for Power Account 547, Other Fuel Account 555, Purchased Power Non-PURPA Account 565, 3rd Party Transmission Account 447. Sumlus Sales $ $ $ $ $ $ 108,503,180 2,380,597 33,367,563 $ 151,179,160 $0 $ 79,067,982 $ $ $ $ $ $ 42,675,980 (2,380,597) 45,700,4'.19 62,606,593 $ 98,482,808 35,876,215 5,455,955 (s1.735.153) $ 5,149,239 s 65.085.848) (306,716) (13.350.695) 7 I $ 160,578,735 $ 268,793,342 $ 108,214,607 100% Sharino Accounts Account 555, PURPA Account 555, Demand Response lncentives $ $ 133,853,869 't1.252.265 $ 212,586,058 $ 8,115,900 $ $ 78,732,189 (3,136,365) I Total s 305.684.869 S 489.495.300 $ 183.810.431 The updated forecast for non-PURPA expenses is $268,793,U2, resulting in a difference of $108,214,607 from base NPSE. As a result, the updated rate for non- PURPA expenses is 0.6552 cents per kilowatt-hour ('kwh'), which is calculated by multiplying $108,214,607 from Table 2 by 95 percent and then dividing it by the System- level Sales Forecast of 15,690,546 MWh (($108,214,607 * 0.95) / 15,690,546) = $6.552 /M\ /h = 0.6552 cents/kwh). The rates for PURPA expenses and demand response incentives have not changed from the origanal filing (0.5018 cents per k\ Jh and negative 0.0209 cents per kwh respectively). The updated forecast portion of the PCA rate is 1.3606 cents per kwh, which is calculated by adding the non-PURPA expense of 0.6552 cents per kwh to the PURPA expense of 0.5018 cents per kwh to the demand response incentive payment of negative 0.0209 cents per kwh (0.6552 + 0.5018 + -0.0209 = 1 .1361 cents/kwh). When combined with the Balancing Account rate (which has not changed IDAHO POWER COMPANY'S REPLY COMMENTS - 5 from the original filing) of 0.2579 cents per kWh, the updated uniform PCA rate is 1.3940 cents per k\M. This is reflected in the updated Schedule 55 in Aftachment 'l to these comments. The updated percentage rate change by class is detailed in Attachment 2. B. Hells Canvon Unit 3 Outaoe Pages 8 and 9 of Staffs Comments discuss their analysis of an outage at Hells Canyon Unit 3 during the historical PCA period. Based on concerns regarding certain unknowns and extenuating circumstances at the time their Comments were filed, Staff recommends that the Company work with Staff to 'gather additional information, perform analysis, and determine a fair and reasonable outcome for customers." \Mile ldaho Power believes its actions were prudent with regard to both planned and unplanned maintenance at Hells Canyon Unit 3 during the historical PCA period, the Company is supportive of Staffs recommendation to continue dialogue surrounding this issue. C. Water and Weather Condition Updates On page 6 of its Comments, Staff notes that additiona! snowfall has occurred since the Company's filing in this case. While Staff does not believe this warrants an adjustment to the PCA at this time, they recommend the Company keep both Staff and the Commission apprised of changing conditions during the PCA year to determine if an off- cycle update to reduce the PCA is appropriate. The Company is not opposed to continuing communications with Staff and the Commission regarding evolving hydro conditions, and supports Staffs recommendation in this matter. D. Rate Mitiqation The lClP's Comments proposed to spread the requested PCA rate increase over a two-year time period for rate classes receiving a greater than ten percent increase, which IDAHO POWER COMPANY'S REPLY COMMENTS -6 would include Schedules 19,42, and Special Contracts. While ldaho Power is amenable to rate mitigation if the Commission deems some form of measure to be prudent, after reviewing lClP's proposa!, the Company's concerns with rate pancaking remain. lClP's recommendation reflects the application of rate mitigation only to certain classes, which would create additionaladministrative burden to implement different rates and PCA calculations for both the forecast and the balancing account components of the PCA. Additionally, on page 3 of their comments, lClP states that classes experiencing double-digit rate increases should be allowed to "opt" to spread this year's increase over a two-year period. While the Company is not entirely clear what is meant by use of the word "opt," if it is lClP's contention that each individual customer would be required to select a mitigated vs. unmitigated option, the Company would not be supportive of this proposal, as it would unduly complicate customer rates, customer communication, and the underlying accounting supporting the PCA. It should also be noted that, if approved in accordance with Staffs and ldaho Power's recommendation, the PCA forecast will be reduced by $A.S million to reflect updated assumptions associated with Bridger. Additionally, on May 18,2022,1daho Power filed comments in Case No. IPC-21-17 related to the accelerated depreciation of coal-related investments at Bridger, in which the Company included a proposal to implement the requested balancing account mechanism in a manner that would result in no immediate change to customer rates. lf the Company's proposal is approved in that case, it would result in the remova! of upward pressure on rates effective June 1 , 2022 relative to investments at the Bridger plant. Based on these changes since the Company's initial filing, and after reviewing the lClP's rate mitigation proposal, the Company believes the IDAHO POWER COMPANY'S REPLY COMMENTS - 7 Commission should approve the filed PCA amount adjusted for the updated Bridger assumptions and collect the entirety of that amount over the 2022-2023 PCA Year. E. Bridoer Rate Reouest Clarification On page 6 of their Comments, lClP incorrectly characterizes the Company's Application in this case as requesting approval of the Bridger-related increase in Case No. IPC-E-21-17. To clariff, the Company included the proposed Bridger rate increase for demonstrative purposes only, to inform the Commission of the cumulative impact of allfilings effective June 1 ,2022. The Company's inclusion of these cumulative rate impact tables in the Company's initialfiling should not be interpreted as a request for Commission approval of the Bridger-related increase in the PCA case. ilr. coNcLUstoN ldaho Power appreciates the thorough audit performed by Staff, and the comments filed by both Staff and !ClP. The Company respectfully requests that the Commission approve its filing to implement PCA rates effective June 1,2022, adjusted forthe updated Bridger generation assumptions as detailed in these comments. ldaho Power also supports Staffs recommendations to continue communications regarding the Hells Canyon Unit 3 outage and evolving hydro conditions. DATED at Boise, ldaho, this 19th day of May 2022. ,(* !.7("1-t "-*,, LISA D. NORDSTROM Attorney for ldaho Power Company IDAHO POWER COMPANY'S REPLY COMMENTS - 8 CERTIFICATE OF SERVICE I HEREBY CERTIFY that on the 19th day of May 2022,1 served a true and correct copy of ldaho Power Company's Reply Comments upon the following named parties by the method indicated below, and addressed to the following: )Lecrtr &r"t. Stacy Gust, Regulatory Administrative Assistant Commission Staff Dayn Hardie Deputy Aftorney General ldaho Public Utilities Commission 11331 W. Chinden Blvd., Bldg No.8, Suite 201-A (83714) PO Box 83720 Boise, lD 83720-0074 _Hand Delivered -U.S. Mai! Overnight Mail -FAX FTP SiteX Email:Davn.Hardie@puc.idaho.qov lndustrial Customers of ldaho Power Peter J, Richardson 515 N.27th Street Boise, ldaho 83702 _Hand Delivered _U.S. Mail Overnight Mail _FAX FTP SiteX Emai!: peter@richardsonadams.com Dr. Don Reading 6070 Hill Road Boise, ldaho 83703 Hand Delivered _U.S. Mail _Overnight Mail _FAX FTP SiteX Email:dreadinq@mindsprinq.com IDAHO POWER COMPANY'S REPLY COMMENTS - 9 BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION cAsE NO. IPC-E-22-11 IDAHO POWER GOMPANY ATTACHMENT NO. 1 SGHEDULE 55 (GIean and Legislative) ldaho Power Company Seventeenth Revised Sheet No. 55-1 Cancels |.P.U.C. No. 29. Tariff No. 101 Sixteenth Revised Sheet No. 55-1 SCHEDULE 55 POWER COST ADJUSTMENT APPLICABILITY This schedule is applicable to the electric energy delivered to all ldaho retai! Customers served under the Company's schedules and Special Contracts. These loads are referred to as "firm" load for purposes of this schedule. BASE POWER COST AND PROJECTED POWER COST The Base Power Cost of the Company's rates, expressed in cents per k\Mr, is computed by dividing the sum of the Company's power cost components by firm k\//tt sales. The power cost components are segmented into three categories as described in the table below: The Projected Power Cost is the Company estimate, expressed in cents per k\Mr, of the power cost components for the forecasted time period beginning April 1 each year and ending the following March 31. BALANCING ADJUSTMENT The Balancing Adjustment is based upon the differences between previous Projected Power Cost and the power costs actually incurred. The Balancing Adjustment is 0.2579 cents per k\Mt. EARNINGS SHARING Order Nos. 30978, 32424,33149, and 34071 directed the Company to share a portion of its earnings above a certain threshold with customers through the annual Power Cost Adjustment. The Company's 2021 earnings were above the prescribed threshold resulting in a credit of 0.0038 cents per k\ Jh. IDAHO lssued per Order No. Effective - June 1,2022 lssued by IDAHO POWER COMPANY Timothy E. Tatum, Vice President, Regulatory Affairs 1221 West ldaho Street, Boise, ldaho ldaho Power Company Twelfth Revised Sheet No. 55-2 Cancels I.P.U.C. No. 29. Tariff No. 101 Eleventh Revised Sheet No. 55-2 SCHEDULE 55 POWER COST ADJUSTMENT (Continued) POWER COST ADJUSTMENT The Power Cost Adjustment (PCA) is the sum of: 1) 95 percent of the difference between the Projected Power Costs in Category 1 and the Base Power Costs in Category 1;2) 100 percent of the difference between the Projected Power Costs in Category 2 and the Base Power Costs in Category 2; 3) 100 percent of the difference between the Projected Power Costs in Category 3 and the Base Power Costs in Category 3; 4) the Balancing Adjustment; and 5) Earnings Sharing. The following table calculates the rates for Categories 1, 2 and 3. The following table shows the determination of PCA rates for Categories 1,2, and 3: Category Description Base Power Cost Projected Power Cost Difference Sharing o/o Rate (d per k\M) 1 The sum of fuel expense and purchased power expense (excluding purchases from cogeneration and small power producers), less the sum of off- system surplus sales revenue and revenue from market- based special contract oricino. 1.0234 1 7 I 31 0.6897 95o/o 0.6552 2 Purchased power expense from cogeneration and small power producers. 0.8531 1.3549 0.50'18 lOOo/o 0.50'18 3 Demand response incentive oavments. 0.0751 0.0541 -0.0209 lOOo/o -0.0209 Total 1.9516 3.1221 1.1705 1.13606 IDAHO lssued per Order No. Effective - June 1,2022 lssued by IDAHO POWER COMPANY Timothy E. Tatum, Vice President, Regulatory Affairs 1221 West ldaho Street, Boise, ldaho ldaho Power Company Eleventh Revised Sheet No. 55-3 Cancels |.P.U.C. No. 29. Tariff No. 101 Tenth Revised Sheet No. 55-3 SCHEDULE 55 POWER COST ADJUSTMENT (Continued) The monthly Power Cost Adjustment rates applied to the Energy rate of all metered schedules and Special Contracts are shown below. The monthly Power Cost Adjustment applied to the per unit charges of the nonmetered schedules is the monthly estimated usage times the cents per k\Mt rates shown below. Schedule Cateqorv Balancino Adiustment Earninos Sharino Total PCA I 2 3 1 0.6552 0.5018 (0.0209)0.2579 (0.0047)1.3893 3 0.6552 0.5018 (0.0209)0.2579 (0.0045)1.3895 5 0.6552 0.5018 (0.0209)o.2579 (0.0045)1.3895 6 0.6552 0.5018 (0.0209)0.2579 (0.0047)1.3893 7 0.6552 0.5018 (0.0209)0.2579 (0.0059)1.3881 I 0.6552 0.5018 (0.0209)0.2579 (0.0059)1.3881 9S 0.6552 0.s018 (0.0209)o.2579 (0.0035)1.3905 9P 0.6552 0.5018 (0.0209)0.2579 (0.0031)1.3909 9T 0.6552 0.5018 (0.0209)0.2579 (0.0035)1.3905 15 0.6552 0.5018 (0.0209)0.2579 rc.0122)1.3818 19S 0.6552 0.5018 (0.0209)0.2579 (0.0035)1.3905 19P 0.6552 0.5018 (0.0209)0.2579 (0.0027)1.3913 197 0.6552 0.5018 (0.0209)o.2579 (0.0025)1.3915 24 0.6552 0.5018 (0.0209)0.2579 (0.0038)1.3902 40 0.6552 0.5018 (0.0209)0.2579 (0.0042)1.3898 41 0.6552 0.5018 (0.0209)0.2579 (0.0074)1.3866 42 0.6552 0.5018 (0.0209)0.2579 (0.0030)1.3910 26 0.6552 0.5018 (0.0209)o.2579 *1.3940 29 0.6552 0.5018 (0.0209)0.2579 *1.3940 30 0.6552 0.5018 (0.0209)0.2579 *1.3940 * Earnings Sharing Credits are applied as monthly amounts per the table below Schedule SpecialContract Monthlv Credit 26 Micron ($1.307.24) 29 Simolot ($328.56) 30 DOE $432.24\ EXPIRAT!ON The Power Cost Adjustment included on this schedule will expire May 31 ,2023. IDAHO lssued per Order No. Effective - June 1,2022 lssued by IDAHO POWER COMPANY Timothy E. Tatum, Vice President, Regulatory Affairs 1221 West ldaho Street, Boise, ldaho LEGISLATIVE ldaho Power Company@Revised Sheet No. 55-1 Cancels !.P.U.C. No. 29, Tariff No. 101 FifteenthSixteenth Revised Sheet No. 55-1 SCHEDULE 55 POWER COSTADJUSTMENT APPLICABILITY This schedule is applicable to the electric energy delivered to all ldaho retail Customers served under the Company's schedules and Special Contracts. These loads are referred to as "firm" load for purposes of this schedule. The Base Power Cost of the Company's rates, expressed in cents per k\M, is computed by dividing the sum of the Company's power cost components by firm kWh sales. The power cost components are segmented into three categories as described in the table below: The Projected Power Cost is the Company estimate, expressed in cents per kWh, of the power cost components for the forecasted time period beginning April 1 each year and ending the following March 31. BALANCING ADJUSTMENT The Balancing Adjustment is based upon the differences between previous Projected Power Cost and the power costs actually incurred. The Balancing Adjustment is (0.2{423@ cents per kWh. EARNINGS SHARING Order Nos. 30978, 32424, 33149, and 34071 directed the Company to share a portion of its earnings above a certain threshold with customers through the annual Power Cost Adjustment. The Company's 2O2A! earnings were bde*Sbgthe prescribed threshold resulting in a credit of 0.0e00 0038 cents per k\flh. IDAHO lssued per Order No.€5290 Effective -- lssued by IDAHO POWER COMPANY Timothy E. Tatum, Vice President, Regulatory Affairs 1221 West ldaho Street, Boise, ldaho ldaho Power Company envent+nryemn Revised Sheet No. 55-2 Cancels |.P.U.C. No. 29. Tariff No. lOlTenthEleventh Revised Sheet No. 55-2 SCHEDULE 55 POWER COST ADJUSTMENT (Continued) POWER COST ADJUSTMENT The Power Cost Adjustment (PCA) is the sum of: 1) 95 percent of the difference between the Projected Power Costs in Category 1 and the Base Power Costs in Category 1; 2) 100 percent of the difference between the Projected Power Costs in Category 2 and the Base Power Costs in Category 2; 3) 100 percent of the difference between the Projected Power Costs in Category 3 and the Base Power Costs in Category 3; 4) the Balancing Adjustment; and 5) Earnings Sharing. The following table calculates the rates for Categories 1, 2 and 3. The following table shows the determination of PCA rates for Categories 1, 2, and 3 Category Description Base Power Cost Projected Power Cost Difference Sharing o/o Rate (6 per kWtr) 1 The sum offuel expense and purchased power expense (excluding purchases from cogeneration and small power producers), less the sum of off- system surplus sales revenue and revenue from market- based special contract pricinq. 1.WzW 1.51747137 0.45626897 95%0.43345552 2 Purchased power expense from cogeneration and smallpower producers. 0.88468531 1.355449 0.471 15018 lOOo/o 0.47115018 3 Demand response incentive payments 0.077s51 0.052741 -0.025209 1O0o/o -0.02520209 Total 2J2371.9516 2Jf,€€,3.1221 0s0241.1705 o3;I931.13606 IDAHO lssued per Order No.€5299 Effective -_ lssued by IDAHO POWER COMPANY Timothy E. Tatum, Vice President, Regulatory Affairs 1221 West ldaho Street, Boise, ldaho ldaho Power Company +enthEleventh Revised Sheet No. 55-3 Cancels l.P.U.C. No. 29. Tariff No. 101 AlinthTenth Revised Sheet No. 55-3 SCHEDULE 55 POWER COST ADJUSTMENT (Continued) The monthly Power Cost Adjustment rates applied to the Energy rate of all metered schedules and Special Contracts are shown below. The monthly Power Cost Adjustment applied to the per unit charges of the nonmetered schedules is the monthly estimated usage times the cents per kWh rates shown below. Schedule Cateoorv Balancino Adiustment Earninos Sharino Total PCA 1 2 3 1 0.43346552 0.47115018 (0.0252209)(o.tzuM)(0.004n- e,76711.3893 3 oA3€l,-.0.47115018 (0.0452289)(0.1w28e)(0.0045L 0,75711.3895 5 o.43€./,-.0.47115018 (0.035220e)(o.+wzgzg (0.0045F 01.75713895 6 0.43340552 0.471150't8 (0.02e20e)(0.4wru (0.004n- 01.75713893 7 o.M@ 0.47115018 (0.0252289 (0.1242579)(0.0059F o1.75713881 I 0.M552 0.47115018 (0.035220e)@Amn (0.0059)- o1.75713881 9S 0.43346552 0.47115018 (0.0252209)(0.+?,2?t/vd-(0.0035)- e1.75713905 9P 0l€€/6552 0.47115018 (0.0352209)(0.1,P925791 (0.0031)- e1.75713909 9T 0.4€€/6552 0.47115018 (0.025220e)(0.199925791 (0.0035)- 01.75713905 15 0.M552 0.471 15018 (0.025220e)(0.w2@ rc.0122Y 01.75713818 19S o.43345552 0.47115018 (0.0252209 (0.1,92257!4 (0.0035)- 01.75713905 19P 0.43346552 0.47115018 (0.0252209)(0.1,gg257e1 (0.002n- 01.75713913 197 0.43346552 0.47115018 (0.03e209)@.1,9925791 (0.0025F 01.75713915 24 0./€€4,6552 0.47115018 (0.0252209)$.1422579)(0.0038)-91.75713902 40 0.&6552 0.47115018 (0.0252209)$.1,992579A (0.0042)-10.75713898 41 0.43A46552 0.47115018 (0.0253209)$.w2579)(0.0074)-01.75713866 42 0.M552 0.47115018 (0.0252209)$.199e2579).(0.0030)-e1.75713910 26 0A€€/6552 0.47115018 (0.02*209)$.w2579)*e1.75713940 29 0.4334$552 0.47115018 (0.0252209)$.1*22579)*01.75713940 30 0.4p€/6552 0.47115018 (0.02*209)$.1,9925791 *91.75713940 * Earnings Sharing Credits are applied as monthly amounts oer the table below.ranCse+urrently $gSg+erment* Schedule Soecial Contract Monthlv Credit 26 Micron ($1,307.24) IDAHO lssued per Order No.3529e Effective -_ lssued by IDAHO POWER COMPANY Timothy E. Tatum, Vice President, Regulatory Affairs 122'1 West ldaho Street, Boise, ldaho ldaho Power Company +enthEleventh Revised Sheet No. 55-3 Cancels EXPIRATION The Power Cost Adjustment included on this schedule will expire May 31 ,2024. 29 Simolot ($328.56) 30 DOE $432.241 IDAHO lssued per Order No.€5299 Effective -- lssued by IDAHO PO\ /ER COMPANY Timothy E. Tatum, Vice President, Regulatory Affairs 1221 West ldaho Street, Boise, ldaho l.hho PoFr Company C.lcuhtff ot tu[nm lJrfrcl mn-m6 Strb ol ld.hoPffi Cat Adl6tnnt t R.ru 8h.dng FlLd Afrll 15,2022 Summry ot Rr[n[ lnpact Cmnt Blll.d R.vana b PDpo-d Bllhd R.6nlx NorEliz.dR.t! Sch. !e. AEngp Nur$ar otCurlmo) Cumt BillGd Eivsur Milg Pcr kvlh TotlI Aqurnncnb b Er.d RME PDpo$d Toirl BlLd RMnua M[3 P.r kwr Paml Ci.n0. BilLdto Bilbde) BMI1 EncrW ft\i/hl (r)Lim No I-.rfllrrddhD Unifbm T.rilf Raler: I 2 3 a 5 6 7 8I t0 11 12 13 11 t5 16 17 R.tkLntd Swi6 R.d&f, lid Srryio Tinl}ol.Dry Raaldcntd ScM6 Onsilr Glnrntion Smll Gcncnl Srrvio Smll G.nml S.de Oh9it GrmEfm Lrrlo GcmnlScwio Durkb D.m Ugftthe LlI!.PffiScMe UnmtrEd Gon.nl S.Mm I 3 1 5 6 7 8 I t5 t0 21 40 41 12 /t90,293 21 0 968 12,024 30,348 80 37,91S 0 116 19,'t20 't,863 2,080 786 5,458,972,07t ,r,52'1,055 0 17,662,3:il 65,895,684 137,395,735 100,/t25 3,900,728,49r 5,247i23 2,391,392,176 1,897,512,119 13,925,30'l 23,760,014 2,U7,*1 t573,825,900 !r5{,030 t0 1r,788,31!7 t7,342,186 t18,011,/65 ,272E5 t290,'1,18,886 $178,806 t14r,897,963 l'15,1,75,t,865 $1,229,632 t3,589,588 $re{,266 105.12 I 00-,al 0.00 101.25 111.12 r3't.09 1a3.29 71.9 2a2.74 59-25 8't.56 E6.30 151.08 6a_70 t3,t,51 1,658 s28,5S0 30 $r1,697 1,r16,593 t866,902 $1201 t24,708,579 132,96 315,r66S79 E12,012,{46 088,107 t149,559 118,054 t608,337,558 ',a2.,a29t0 $1,900,034 s7,758,7,9 118,676,367 828,487 1314,657,4,r5 tl,311,7t2 t158,86,1,342 s't60,767,311 11,317,739 t3.739,t47 t,'O2,3N 6.01% 6.30% N/A 6.25% 5.67% a.61* r1.40% 6.5216 2.57% 10.70% 7.78% 7.17% 1.17% 9.80q6 111.11 106.73 0.00 't07.58 117.71 137.40 r49.59 u.72 219.02 85.60 87.E0 0a,63 157.37 71.U Sfrct tightng Tilfic Contd Uohlim Tolrl Unibm T.dlb Tot l Sp.cial Confrolr 596,318 13,920,07't,060 11,194,3r13.t00 85.A' t88,r12,982 11,282,1!6.,172 3 1,071,974,663 t55,966,760 52.21 t8,802,590 t62,769,35{r 594,321 t+092,O18,$12 11,250,290,940 t!.40 114,31!,!72 ll,!'15,21t,522 92.13 5E.55 19.73 7.38% 12.15% 7.59% (1)Jun.01,2022 - uay31,2023 FomsbdT.nYor(SEine 2022 Fomll) (2) Pamnlrgc irTsai dod not indudc otrpomrlt Ilridr aE .pplcd rs parn[rgpr, RidB rnd F6!rdti$ Fos. ldrho Pmr ConprnyCdcLts ot R.m[ lm0.ct 2022{O2t 8i.b o, ld.hoPffi Coet AdlBtnil A R.[m Ehrtnf FlLd Apdl it,2022 Sumry olR.Em nD.st- Rrb3 C,le, rnd 24 Obtlhdo L.vd D.tllCmilAlbdh[m bPtDp6.d BllLd bmm Llm !a AEEec Nurr$ar ot Curblim(t) Nomllz.d En rly Gvlft) 0) 3,304,176.8,10 502,904,508 3,557,1,(l Cufrlnl Blllcd RaEM Prr kl il Adlutmcnts io tlillGd Rmu Prcposd Totrl BILd Rmm t270,972,W 3t3,505,100 1280,8811 P*kvtir P.mt ch.nlr f,irbdro Brbd (2) Ramu MilltMtb Trrif Daloirtha t nlbm Txi[ R.i!r: I L.r!6 Gcnml SaqE.ry2 LeEcG.nad Primry3 Lnlcc.mlTnffiisim4 Totdsdrdibe 37,635 200 ,t t250,04t,9E7 t39,&16,7a9 1267,'l3t 75.66 07.18 75.'10 $20,927,508 t3,758,/t50 t22,531 82.01 73.52 81./t3 8.37% 9.,t3% 8.4396 R.t! Sdr. No. ss OP ST 19S 10P t9T 2,tS 217 37,9'19 3,90,728,491 t200,t'8,868 74.38 'it1,708,579 131a,857,'lt5 9.7i2 8.5296 I Lrr!!PMrs.ffid.,y7 Ll'lePmrPtimry8 l.lllc PmrTnntnilsbn0 TotrlSchcafi19 0 111 2 0 2,358,406,546 3'1,880,&30 $0 $139,847,.t26 fi,8t 0,537 s0 $14,958,010 32$,860 t0 115it,E05,436 t2,Gio2o6 0.00 59.30 5826 0.00 65.et 62.60 0.00% 10.7096 11.2& 'll lrieEtbn Sccoid.ryt2 lfiigltion Tnn${3aim 13 TotrlSch.dul.2it t't6 2,391,392,176 19,120 0 I,897,512, t r9 0 115,166,670 1156,864,642 ,12,012,4A fi66,767,311 t0 t0 tl4t,c07,963 tl54,754,665 t0 59.25 81.56 0.00 65.m 87.80 0.00 10.79* 7.76% 0.fiM'19,120 1,897,512,119 115,t,754,665 81.56 ,12,012,* 1160,767,3t1 87.89 7.76% (l)Jum 0l, m22- M.y3l,2023 FrclbdTc{Y.s(Sprim 2@2 Folud)