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HomeMy WebLinkAbout20160201Press Release and Customer Notice.pdfo CUSTOMERNOTICES o o ROCKY MOUNTAINffi"- For information contact Media Hotline 800-775-7950 Annual energy cost adiustment Price decrease proposed for ldaho customers BOISE,Idaho, Monday, Feb. 1,20l5-Rocky Mountain Power's annual energy cost adjustment for 2015 proposes a 0.7 percent overall decrease for residential, commercial and irrigation customers, with a larger decrease for two large industrial customers. Typical residential customers using 800 kilowatt-hours would see a decrease of 58 cents on their monthly bills. The energy cost adjustrnent 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 from customers through current prices. Pending commission approval, the adjustment would take effect April 'J.,20"J.6. "The decrease results primarily from lower natural gas prices, which also reduces the cost of electricity the company purchases to help serve the needs of customers," said Tim Solomory Rocky Mountain Power's regional business manager in Rexburg. "When the cost of providing electricity goes dowrl we're pleased to be able to reflect that on customer bills. The last time the cost- adjustment mechanism resulted in a decrease for most Idaho customers was20'1.4." The company's proposal requests that the Idaho Public Utilities Commission approve deferral of the 2015 energy related costs of $16.7 million and decrease by $9 million the revenues collected through the energy cost adjustrnent mechanism, Schedlule94. The proposal would have the following impacts on prices: o Residential customers - 0.6 percent decrease o Residential schedule 35, optional time-of-day service - 0.7 percent decrease o General Service schedule 5 - 0.9 percent decrease . General Service schedule 9 - 1.0 percent decrease . Irrigation customers - 0.8 percent decrease o Commercial or industrial heating schedule 19 - 0.8 percent decrease. General Service schedule 23 - 0.7 percent decrease o General Service schedule 35 - 1.0 percent decrease o Public Street Lighting - 0.3 percent decrease o Industrial customer, tarrtl schedule 400 - 7 .1, percent decrease o Industrial customer, schedule 401, - 7 .3 percent decrease The public will have an opportunity to comment on the proposal during the coming months as the commission sfudies 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 on the commission's website, and at the commission offices. Customers may also subscribe to the commission's RSS feed to receive periodic updates via email. The request also is available at the company's offices in Rexburg PrestorL Shelley and Montpelier as noted below: Idaho Public Utilities Commission www.puc.idaho.gov 472W. Washington Boise,ID 83702 Rockv Mountain Power offices o Rexburg - 25 East Maino Preston-509 S.2nd East . Shelluy - 852 E. 1400 Northo Montpelier -24852U.S. Hwy 89 ### Annual energ;,cost adiustrrrent Proposed price reduction Rocky Morrnta.in Power requests recovery, of povver costs. On February l,20 16, Rocky Mountain Pornzer asked the ldaho Public Utilities Commission to approve the 20l5 energy cost adjustrnent deferral of $ 16.7 million to the energy 5alancing account and decrease the energy cost adjustment rider by $9.O million. LJnder Rocky Mountain Porruer's proposal, all customer classes rnzill see a reduction to their rates from this energy cost adjustment. The proposed adjustment rnzill allornz Rocky Mountain Pornzer to continue to provide safe, reliable electric service to its customers. The energy cost adjustment rnechanism is designed to track the difference betrrueen the company's actual costs to provide electricity to ldaho customers and the amount collected from customers through current prices. Pending commission approval, the decrease \A/ould take effect April l, 2016. The proposal \Nould decrease the average residential customer's monthly bill 6y $O.58. The follornzing is a surn rnary of the percentage irnpacts by custorner class: . Residential Schedule I - O.6oA decrease . Residential Schedule 36 - O.7o/o decrease . General Service Schedule 5 - O.97o decrease . General Service Schedule 9 - l.O% decrease . lrrigation Service Schedule lO - O.B%. decrease . Commercial & lndustrial Heating Schedule 19 - O.87. decrease (continued) . General Service Schedule 23 - O.7% decrease - General Service Schedule 35 - l.O% decrease . Public Street Lighting - O.3% decrease . Tariff Contract 4OO - 7.1% decrease . Tariff Contract 40 I - 7.37. decrease The public can comment on the proposed rate change as the comrnission revierrus the application. The commission must approve the proposed changes before they can take effbct. A copy of the application is available for public reviernz at the cornrnission offices in Boise and on the cornrnission's homepage at rnzrvrnz.puc.idaho.gov. Customers may file rnzritten cornments regarding the application uzith the commission or subscribe to the commission's RSS feed to receive periodic updates via email about the case. Copies of the proposal also are available for reviernz at the cornpany's offices in Rexburg, Preston, Shelley and Montpelier: lda.ho Public lJtilities Cornrnission 472 W Washington Boise, I D A37Oz Yvww.puc.idaho.g(ov Rocky Mountain Power offices . Rexburg - 25 East Main . Preston - 5O9 S. 2nd E. . Shelley - 852 E. l4OO N. . Montpelier - 74852 U.S. Hrruy 89 For more information about your rates and rate schedule, go to rockyrrr oLr nta.i n povy(e r. t"t et/ rates. @ 20l6 Rockv Xountain Porazer