20230601Customer Notice.pdf

Idaho Power has filed a general rate case with the Idaho
Public Utilities Commission (IPUC) requesting an overall
rate increase of $111 million, or 8.61%. The IPUC will
evaluate this request over the next several months, and
any resulting changes will not take effect until at least
January 2024. This request reflects two adjustments that
would now be collected in base rates: reduced collection
through the annual Power Cost Adjustment and a
decrease to the annual Energy Efficiency Rider.
A general rate case is a proceeding used by the IPUC to
determine the costs of operating and maintaining the
utility system, and how those costs are allocated among
customers.
Idaho Power’s last general rate case was filed in 2011.
Since then, Idaho Power has invested more than
$3 billion in the grid to safely and reliably serve
customers, while the company’s customer base has
grown by about 23%. Over the same timeframe, Idaho
Power’s operating expenses have increased by about
$50 million, or an average annual growth rate of 1%.
“We are sensitive to the impacts rate increases
have on our customers, and our company works
hard to keep our expenses low and our prices
well below the national average,” said Idaho Power
President and CEO Lisa Grow. “This case is largely
focused on the infrastructure additions that have
been necessary to reliably serve our growing
customer base.”
Idaho Power Files
General Rate Case
©2023 Idaho Power
Printed on recycled paper.
31180-I-0233
Establishing new general rates will help ensure Idaho
Power collects the level of revenue from customers
necessary to cover costs and allow for a reasonable rate
of return. If this request is approved as filed, the average
Idaho residential customer using 950 kilowatt hours per
month would see a monthly bill increase of about $11.61.
Proposed impacts for all Idaho customers are shown in
the table below. Actual percentages will depend on a
customer’s classification and the rate they pay. Oregon
customers are not impacted by this filing.
Includes lighting schedules; Includes special contracts
Idaho Power’s proposal is subject to public review and
approval by the IPUC. Copies of the application, direct
filed testimonies and exhibits 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
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 Idaho Power’s proposal may be filed with
the IPUC. Visit puc.idaho.gov/Form/CaseComment and
reference Case No. IPC-E-23-11 or mail to PO Box 83720,
Boise ID, 83720.
Opportunities for Public Review
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