HomeMy WebLinkAbout20150202Press Release.pdfVROCKYMOUNTAIN
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Annual enersv cost adiustment
Price increase of 1.8y" proposed for most customers
BOISE, Idaho, Monday, Feb.2,2015-Rocky Mountain Power's annual energy cost
adjustment for 20L5 proposes a 1.8 percent overall increase for residential, commercial
and irrigation customers, with a larger increase for two large industrial customers.
The energy cost adjustment mechanism is designed to track the difference between the
company's acfual expenses for fuel and other costs to provide electricity to customers,
and the amount collected recently from customers through current prices. Pending
commission approval, the adjustment would take effect April 1,2015.
Unlike the 2014 adjustment in which most customers saw a 2 percent reduction in their
electric prices, this year's increase is primarily driven by increased fuel costs, lower
hydroelectric conditions and lower revenues from electricity sales to other companieg
which are credited to customers. The proposed increase will allow Rocky Mountain
Power to continue to provide safe, reliable electric service to its customers.
The company's proposal requests that the Idaho Public Utilities Commission approve
deferral of the 2014 energy related costs of $16.6 million and increase revenues collected
through the energy cost adjustment mechanism, Schedule9(,by $10.7 million.
The proposal would increase the average residential customer's monthly bill by $1.70.
The following is a summary of the percentage impacts by customer class:
o Residential customers - $1.2 million increase or 1.6 percent
. Commercial and most industrial customers - $1 million increase ranging from
L.7 percent to 2.6 percent, depending on the rate schedule
o Irrigation customers - $1.1 million increase or 1.9 percent
o Industrial customer, tariff Schedule 400 - $6.8 million increase or 8.1 percent
. Industrial customer, Schedule 401 - $0.5 million increase or 8.0 percent
The public will have an opportunity to comment on the proposal during the coming
months as the commission studies the company's request. The commission must
approve the proposed changes before they can take effect. A copy of the company's
application is available for public review at the commission offices in Boise and at the
company's offices in Rexburg, Prestory Shelley and Montpelier.
Idaho Public Utilities Commission
www.puc.idaho.gov
472W. Washington
Boise, ID 83702
Rocky Mountain Power offices
. Rexburg-25 East Main
o Preston - 509 S. 2nd East
r Shelley - 852 E. 1400 North
o Montpelier -24852 U.S. Hwy 89
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