20230315News Release_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 $10 million,
or 1.56%, 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 $1.66 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.
Percentage Change from Current Billed Rates
Filing Revenue Change
(millions)
Residential Small General Service Overall Change
FCA -$10.0 -1.56% -1.63% -1.56%

The FCA adjusts prices up or down based on changes in energy use per customer during the prior year. It
is a true-up mechanism that separates energy sales from revenue to remove financial disincentives for
Idaho Power to invest in demand-side management, which can contribute to use per customer
declining.
In 2022, Idaho Power’s energy efficiency programs saved 169,889 megawatt hours — enough energy to
power about 14,900 average-sized homes for a year. Idaho Power values demand-side management,
energy efficiency and education programs, and the FCA allows the company to provide these programs
to 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 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, on idahopower.com, or at the IPUC website, puc.idaho.gov. Customers may
also subscribe to the IPUC’s RSS feed to receive periodic updates via email about the case. Written
comments (Case No. IPC-E-23-09) regarding Idaho Power’s application may be filed with the IPUC.
RECEIVED
Wednesday, March 15, 2023 11:22:05 AM
IDAHO PUBLIC
UTILITIES COMMISSION
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 610,000
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 fi led the fi rst of two annual cost
adjustments with the Idaho Public Utilities Commission
(IPUC). This year’s annual Fixed Cost Adjustment (FCA)
requests a decrease of $10 million, or 1.56%, for
residential and small general service customers in Idaho.
If the FCA proposal is approved as fi led, a typical
residential customer using 950 kilowatt-hours per month
would see about a $1.66 decrease to their monthly bill
beginning June 1. However, the fi nal impact to customer
bills won’t be known until a second annual adjustment,
the Power Cost Adjustment (PCA), is fi led in April.
The FCA adjusts prices up or down based on changes
in energy use per customer during the prior year. It is
a true-up mechanism that separates energy sales from
revenue to remove fi nancial disincentives for Idaho
Power to invest in demand-side management, which
can contribute to use per customer declining.
©2023 Idaho Power
Printed on recycled paper.
31180-I-0220
In 2022, Idaho Power’s energy effi ciency programs
saved 169,889 megawatt hours — enough energy to
power about 14,900 average-sized homes for a year.
Idaho Power values demand-side management, energy
effi ciency and education programs, and the FCA allows
the company to provide these programs to residential
and small general service customers without negative
fi nancial impacts.
The FCA allows Idaho Power to recover an IPUC-
authorized level of fi xed costs — costs associated
with things like generation plants, power lines and
substations — per customer. If the company collects less
than the authorized fi xed-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 fi ling is subject to public review and
approval by the IPUC. Copies of the application are
available to the public at the IPUC offi ces (11331 W.
Chinden Blvd. Building 8, Suite 201-A, Boise, ID 83714)
Idaho Power offi ces, on idahopower.com
puc.idaho.gov