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HomeMy WebLinkAbout20110504order_no_32234_errata.pdfOffice of the Secretary Service Date May 4, 2011 BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION IN THE MATTER OF AN ADJUSTMENT TO THE PUBLISHED AVOIDED COST RATES OF PACIFICORP TO REFLECT A CHANGE IN THE COMPANY'S COST OF CAPITAL ERRATA TO ORDER NO. 32234 CASE NO. PAC-ll- On April 26, 2011 , IPUC Order No. 32234 was issued by this Commission. The following change should be made to that Order: Page 1 , paragraph 2, lines 10- READS: The effect of PacifiCorp s new cost of capital is a decrease in the avoided cost rates of approximately $3.per megawatt-hour (MWh) for a 20-year levelized contract." SHOULD READ: The effect of PacifiCorp s new cost of capital is a decrease in the avoided cost rates of approximately $0.45 per megawatt-hour (MWh) for a 20-year levelized contract." An amended Attachment to Order No. 32234 is attached. DATED at Boise, Idaho this tf f/1 day of May 2011. ~!l.Je D. Jewell Commission Secretary bls/O:PAC-II-11 ks Errata PACIFICORP AVOIDED COST RATES FOR FUELED PROJECTS SMALLER THAN TEN MEGAWATTS April 2011 $/MWh LEVELIZED NON-LEVELIZED CONTRACT ON-LINE YEAR LENGTH CONTRACT NON-LEVELIZED (YEARS)2011 2012 2013 2014 2015 2016 YEAR RATES 21.21.22.22.22.23.2011 21. 21.22.22.22.23.23.40 2012 21. 21.22.22.22.23.23.2013 22. 22.22.22.23.23.23.2014 22. 22.22.22.23.23.23.2015 22. 22.22.22.23.23.24.2016 23. 22.45 22.23.23.48 23.24.2017 23. 22.22.23.23.23.24.2018 23. 22.23.23.42 23.24.24.2019 24. 22.23.23.23.24.24.2020 24. 22.23.23.24.24.41 24.2021 25. 23.23.47 23.24.24.24.2022 25.42 23.23.23.24.24.25.2023 25. 23.23.24.24.44 24.25.2024 26. 23.49 23.24.24.24.25.2025 26. 23.23.24.24.25.25.44 2026 26. 23.24.24.24.25.25.2027 27.40 23.24.24.24.25.25.2028 27. 23.24.24.25.25.25.2029 28. 24.24.24.25.25.25.2030 28. 2031 29. 2032 29. 2033 29. 2034 30.44 2035 30. 2036 31. EFFECTIVE DATE ADJUSTABLE COMPONENT 4/26/2011 38. The total avoided cost rate in each year is the sum of the adjustable component and the fixed component from either of the tables above. Example 1.A 20-year levelized contract with a 2011 on-line date would receive the following rates: Years Rate 24.03 + 38. 24.03 + Adjustable component in each year Example 2. A 4-year non-Ievelized contract with a 2011 on-line date would receive the following rates: Years Rate 21.55 + 38. 21.88 + Adjustable component in year 2012 22.21 + Adjustable component in year 2013 22.54 + Adjustable component in year 2014 Note: (1) The rates shown in this table have been computed using the Northwest Power and Conservation Council's Fuel Price Forecast contained in its Sixth Power Plan approved on February 10 , 2010. See page A1-19, East-Side Delivered prices. (Reference Order No. 30480). (2) The rates shown in this table have been computed using the weighted average cost of capital from PacifiCorp s most recent general rate case. (See Order No. 32196). AMENDED A TT ACHMENT ORDER NO. 32234 CASE NO. PAC-ll- PAGE 10F 2 PACIFICORP AVOIDED COST RATES FOR NON-FUELED PROJECTS SMALLER THAN TEN MEGAWATTS April 2011 $/MWh LEVELIZED NON-LEVELIZED CONTRACT ON-LINE YEAR LENGTH CONTRACT NON-LEVELIZED IYEARS)2011 2012 2013 2014 2015 2016 YEAR RATES 59.63.66.70.74.77.09 2011 59. 61.41 65.68.72.63 75.78.2012 63. 63.66.70.74.76.79.2013 66. 64.68.72.01 75.78.80.2014 70. 66.48 70.73.76.79.81.2015 74. 67.71.74.45 77.44 80.82.2016 77.09 69.72.75.78.81.83.2017 79. 70.40 n59 76.79.82.85.2018 81. 71.74.77.69 80.83.86.2019 84. 72.75.78.81.84.87.2020 86. 73.76.79.82.85.88.2021 89. 74.77.79 80.83.86.89.2022 93. 75.78.81.84.87.90.2023 96. 76.79.82.85.88.91.2024 99. 77.80.83.86.89.92.2025 103. 78.81.84.87.90.93.2026 106. 79.82.85.88.91.94.2027 109. 80.83.86.89.92.95.75 .2028 112. 81.84.87.90.93.96.2029 115. 82.85.88.41 91.94.97.2030 119. 2031 123. 2032 127. 2033 131. 2034 136. 2035 140.49 2036 145. Note: (1) The rates shown in this table have been computed using the Northwest Power and Conservation Council's Fuel Price Forecast contained in its Sixth Power Plan approved on February 10, 2010. See page A1-, East-Side Delivered prices. (Reference Order No. 30480). (2) The rates shown in this table have been computed using the weighted average cost of capital from PacifiCorp s most recent general rate case. (See Order No. 32196). AMENDED A TT ACHMENT ORDER NO. 32234 CASE NO. PAC-ll- PAGE 2 OF 2