Loading...
HomeMy WebLinkAbout20180405Attorney General Letter.pdfo VIA B.MAIL April 5, 2018 Avista Corporation MichaelAndrea m ichael.andrea(Davistacom.com Avista Utilities l4l I E. Mission PO Box 3727 Spokane, WA99220-3727 Idaho Power Compony Donovan E. Walker d_}va lker@ i da hopower. c o rn ldaho Power Company PO Box 70 Boise, lD 83707 Roclcy Mountain Power Yvonne Hogle yvon ne. h o gl e@pac i fi co m.coiJr Ted Weston ted.weslon(d pac i fi corp.com PacifiCorp dba Rocky Mountain Power 1407 West North Ternple, Suite 330 salt Lake ciry, UT 841 l6 O ldaho Public Utilities Commission Otfice of the Secretary BECEIVED APR 0 5 2018 SIATE OF IDAHO OFFICE OFTHE AITOBNEY GENERAL LAWRENCE 6. WASDEN Boise,ldaho CIint Kalich c I int. kalich@avistacorp-.cgrE Avista Utililies l4l I E. Mission PO Box 3727 Spokane, WA9922A-3727 Michael Darringlon mdarrington@ idahopower.com Idaho Power Company PO Box 70 Boise, ID 83707 Daniel MacNeil daniel.macneil@oaci fi corp.com PacifiCorp dba Rocky Mountain Power 825 NE Multnomah Street Portland, OR 97232 Re: Cssc Nos. AVU-E-18-04, IPC-E-18-05, PAC-E-18-02 - Update to Published Avoided Cost Rates to Rcflect an Updated Natural Gas Price Forecast of the U.S. Energy Information Administration (EIA) Pursuart to the Public Utility Regulatory Policies Act of 1978 (PURPA) and the implementing regulations of the Federal Energy Regulatory Cornmission (FERC), the Idaho Public Utilities Commission (Commission) has approved a Surrogate Avoided Resource (SAR) methodology for calculation of published avoided cost rates paid by Avista, Idaho Power, and PacifiCorp to PURPA qualifuing cogeneration and small power production facilities ("qualiffing facilities" or "QFs"). Avoided cost rates are the purchase price paid to QFs for purchases of QF capacity and Contracts & Adrnlnlstratlug Law Dlvlslon, ldaho Publlc Utllltl€3 Commlsslo$ P.0. 8ox 83720, Bdso, ldaho 83720.0074, Talsphono: (208) 334-0300, FAX: {208) 3349.3762, €mail: ipuc$puc.3tale.id.us Localed at {72 Wa$l Washington Sl., Boise, ldaho 33702 April5,20l8 Page 2 energy. The release of a new natural gas price forecast by the U.S. Energy Information Administration (EIA) triggered an updated calculation of published avoided cost rates under the SAR methodology. In accordance with the SAR methodology approved in Order No. 32697, the "reference case" natural gas price forecast for the Mountain Region's Electric Power sector included in EIA's Annual Energy Outlook serves as the basis for computing published avoided cost rates. In Order No. 32697, the Commission also found that the final release of Annual Energy Outlook automatically triggers a reealculation of the published avoided cost rates. In Order No. 32802, the Comrnission clarified that an update should occur on June I or within 30 days of the final release of the Annual Energy Outlook, whichever is later. EIA released the Annual Energy Outlook 2018 on February 6, 2018. Staff has used this forecast to compute the new published avoided cost rates. A copy of the relevant natural gas price forecast is attached. Also attached are updated published avoided cost rates for all tkee utilities, Please review the rates and file your respective responses (either written or via e-mail) with the Commission on or prior to April 19, 2018. The case caption is as follows: UPDATE TO PUBLISI"IED AVOIDED COST RATES TO REFLECT AN UPDATED NATURAL GAS PRICE FORECAST OF THE U.S, ENERGY INI]ORMATION ADMINISTRATION (EIA) Thank you for your cooperation. Please contact Yao Yin (vao.vil*Bnucj.daho.gov) for an electronic copy of the most recent SAR model. Please feel free to conlact me or Yao if you have any questions. Sincerely, | //'4-^b(#-- Sean Costello Deputy Attorney General Enclosures 3,8. Energy Prices by Sector and Source (2017 dollars per million Btu, unless otherwise noted) Mountain - 08 Sector and Source 2016 20L7 2018 20t9 2020 202t 2022 2023 2024 2025 Electric Power 8/ Distillate Fuel oil 12.07 14.05 14.58 15.76 19.28 21.06 2r.92 22.62 22.79 22.91, 10.08 7t.o4 11.88 1L.97 11.98Residual Fuel Oil 3.40 4.03 3.93 5.77 8.43 Natural Gas 2.77 3.s2 3.63 3.99 4.23 4.20 4.23 4.37 4.50 4.65 Steam Coal 1.86 1.84 1.83 1.81 1.80 1.80 L.79 7.79 0.65 0.65 0.65 0.65 0.65 0.65 0,66 0.66 0.66 4.02 5.41 9.05 11.09 L2.44 t3.72 14.15 14.51 t.79 1.80 U ranium Prices in Nominal Dollars Electric Power 8/ Distillate Fuel Oil Residual Fuel Oil 11.86 14.05 14.91 16.49 20.69 23.17 24.69 26.17 26.95 27.73 4.03 Natural Gas 2.73 3.s2 3.71 4.18 4.54 4.62 4.77 5.05 5.32 5.63 Steam Coal 1.83 1.84 L.87 1.89 7.92 1.98 2.03 2.07 2.72 2.77 0.63 0.65 0.66 0.68 0,70 0.72 0.74 0.76 0.78 0.80uranium 2026 2027 202a 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 23.06 23.28 23.5s 23.82 24.02 24.40 24.60 24.90 25.15 25.27 25.41 25.9L 26.06 26.29 26.5L 26.74 12.27 12.42 12.58 12.88 13.06 13.34 13.48 13.68 13-85 14.04 14.11 14.48 14.62 !4.A7 74.97 15.13 4.70 4.77 4.79 4,85 4.86 4.85 4.88 4.a7 4.89 4.89 5.01 5.O2 5.08 5.13 5.18 5.23 L7A r.79 L.7a 7.79 1.80 1.80 1.81 1.82 1.83 1.85 L.A1 1.88 1.90 1.91 7.92 1.93 0.66 0.66 0.66 0,66 0.67 0.67 0.67 0.67 0.67 0.67 0.68 0.58 0.68 0.68 0.68 0.69 28.56 29.48 30.47 31.48 32.4L 33.65 34.66 35.87 37.04 38.07 39.15 40.84 42.02 43.36 44.72 46.18 15.13 15.73 16.27 t7.02 17.63 18.39 18,99 19.70 20.39 21.15 27.74 22.83 23.57 24.42 25.25 26.L2 6.69 6.88 7.02 7.21 7.37 7.72 7.91,8.46 8.74 s,9?, 2.20 2.27 2.37 2.36 2.42 2.49 2.ss 2.62 2.10 2.79 2.88 2.97 3.06 3.15 3.24 3.33 0.82 0.84 0.86 0.88 0.90 0.92 0.94 o.97 0.99 1.02 1.04 7.O7 1.09 7.72 1.15 1.18 5.83 6.04 6.20 6.41 6.55 2042 2043 2044 2045 2045 ZO47 204a 2049 2050 26.80 26.85 26.94 27.06 15.21 75.27 15.27 15.31 27.77 27 .34 27 .33 27 .44 L5.24 15.41 15.41 15.61 26.99 15.20 5.52 1.96 5.29 5.35 5.42 5.47 7.94 7.94 1.95 1.95 5.58 5.77 5.78 5.89 7.97 1.98 1.98 1.99 0.69 0.69 0.69 0.69 0.69 0.70 0.70 0.70 0.70 9.35 9.68 10.04 10.39 70.74 L7.74 11.68 t2.77 12.65 47.36 48.59 49.94 51.39 52.52 54.05 ss.90 57 .28 58.97 26.89 27.64 28.31 29.08 29.58 30.39 31.49 32.30 33.56 3.43 3.52 3.61 3.7t 3.81 3.92 4.04 4.15 4.28 7.27 7.25 1.28 1.31 1.35 1.39 7.43 7.47 1.51 AVISTA AVOIDED COST RATES FOR WIND PROJECTS June 01 , 201 I $/MWh New Contracts and Replacement Contracts without Full Capacity Payments Eligibility lor these rates is limited to projects 100 kW or smaller LEVELIZED NON.LEVELlZED CONTRACT LENGTH (YEARS) ON-LINE YEAR CONTRACT YEAR NON-LEVELIZED RATES2018 2019 2020 2021 2022 2023 1 2 J 4 5 6 7 8 I 10 11 12 13 14 15 16 17 18 19 20 28.51 30.1 3 31.46 32.27 32.94 33.66 34.40 35.1 6 36.1 2 37.00 37.78 38.52 39.18 eo 70 40.36 40.89 41.40 41.87 42.35 42.81 31.87 33.1 2 33.73 34.27 34.95 35.67 36.43 37.44 38.35 39.16 39.91 40.59 41.21 41.79 42.33 42.A5 43.33 43.82 44.29 44.75 34.47 34.77 35.20 35.87 36.62 37.41 38.51 39.48 40.32 41.11 41.81 42.44 43.04 43.59 44.12 44.62 45.1 3 45.61 46.09 46.55 35.09 35.61 36.42 37.26 38.15 39.38 40.44 41 .34 42.16 42.90 43.56 44.17 44.74 45.29 45.80 46.32 46.82 47.32 47.80 48.28 36.1 8 37.1 6 38.1 0 39.07 40.45 41.59 42.54 43.39 44.14 44.81 45.44 46.02 46.57 47.09 47.63 48.14 48.65 49.15 49.64 50.1 3 38.22 39.1 8 40.1 I 41.74 42.94 43.91 44.77 45.52 46.1 I 46.81 47.39 47.94 48.46 49.01 49.53 50.05 50.57 51.07 51.57 52.07 2018 201 I 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2038 2039 2040 2041 2042 2043 28.51 31.87 34.47 35.09 36.1 8 38.22 40.22 42.46 47.15 48.76 50.02 51 .61 52.72 53.81 55.22 56.34 57.79 59.06 61.65 63.1 2 65.1 I 67.26 69.35 71.53 73.99 76.44 Note: These rates will be lurther adjusted with the applicable inlegration charge. Note: The rates shown in this table have been compuled using the U.S. Energy lnformation Administration (ElA)'s Annual Energy Outlook 2018, released February 2018. See Annual Energy Outlook 2018, Table 3.8 Energy Prices by Sector-Mountain at https ://www.eia. gov/outlooks/aeo/tables-ref . php AVISTA Page 1 AVISTA AVOIDED COST RATES FOR SOLAR PROJECTS June 01,2018 $/MWh New Contracts and Replacement Contracts without Full Capacity Payments Eligibility for these rates is limited to proiects 100 kW or smaller, LEVELIZED NON.LEVELIZED LENGTH ON-LINE YEAR CONTRACT YEAR NON.LEVELIZED RATES2018 2019 2020 2021 2022 2023 1 J 4 6 7 8 10 11 12 13 14 15 16 't7 18 19 20 28.51 30.13 31.46 32.27 32.94 33.66 34.40 35.1 6 36.24 37.22 38.08 40.46 42.52 43.06 43.57 44.05 44.51 44.95 45.40 45.83 31.87 33.1 2 33.73 34.27 34.95 35.67 36.43 37.58 38.60 39.50 42.13 44.38 44.89 45.39 45.86 46.31 46.74 47.19 47.62 48.05 34.47 34.77 35.20 35.87 36.62 37.41 38.68 39.77 40.72 43.65 46.12 46.61 47.09 47.55 47.99 48.41 48.86 49.29 49.72 50.1 5 35.09 35.61 36.42 37.26 38.1 5 39.59 40.79 41.80 45.11 47.85 48.31 48.76 49.'19 49.62 50.03 50.48 50.91 51.34 51.77 52.97 36.1 I 37.1 6 38.10 39.07 40.71 42.02 43.09 46.85 49.88 50.27 50.67 51.05 51.45 51.84 52.26 52.68 53.1 1 53.54 54.82 55.23 38.22 39.1 8 40.1 9 42.07 43.48 44.58 48.90 52.26 52.51 52.82 53.13 53.46 53.81 54.20 54.60 55.01 55.43 56.80 57.20 57.6? 2018 201 9 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 28.51 31.87 34.47 35.09 36.1 8 38.22 40.22 42.46 48.65 50.28 51.56 82.99 84.55 55.42 56.86 58.00 59.47 60.77 63.38 64.88 66.97 69.07 1 06.1 I 73.39 75.88 78.36 Note: These rates will be lurlher adjusted with the applicable integration charge. Note: The rales shown in this table have been computed using the U.S. Energy lnformation Administration (ElA)'s Annual Energy Outlook 201 8, released February 201 8. See Annual Energy Outlook 201 8, Table 3.8 Energy Prices by Sector-Mountain at https J/www.eia. gov/outlooks/aeo/tables-ref.php AVISTA Page 2 AVISTA AVOIDED COST RATES FOR NON-SEASONAL HYDRO PROJECTS June 01,2018 $/MWh New Contracts and Replacement Contracts without Full Capacity Payments Eligibility lor these rates is limited to projects smaller than 10 aMW, LEVELIZED NON-LEVELIZED CONTRACT LENGTH (YEARS) ON.LINE YEAR CONTRACT YEAR NON-LEVELIZED RATES201 I 201 I 2020 2021 2022 2023 1 2 3 4 5 6 7 I q 10 11 12 13 14 15 I6 17 18 19 20 28.51 JU.IJ 31.46 32.27 32.94 33.66 34.40 35.16 36.80 38.22 39.46 41.50 43.47 44.27 45.02 45.71 46.35 46.95 47.55 48.1 r 31.87 33.1 2 JJ./J 34.27 34.95 35.67 36.43 38.24 39.77 41.08 43.43 45.44 46.26 47.01 47.71 48.36 48.96 49.57 50.1 4 50.69 34.47 34.77 35.20 35.87 36.62 37.41 39.46 41 .14 42.55 45.'14 47.34 48.1 6 48.92 49.62 50.27 50.88 51.49 52.07 52.64 53.1 I 35.09 35.61 36.42 37.26 38.1 5 40.53 42.42 43.95 46.85 49.25 50.07 50.83 51.52 52.1 8 52.79 53.41 53.99 54.57 55.1 2 56.1 7 36.1 8 37.16 38.10 39.07 41.89 44.00 45.65 48.88 51.50 FU 'O53.02 53.69 54.33 54.92 55.54 56.12 56.69 57.25 58.35 58.87 38.22 39.1 I 40.1 I 43.61 45.95 47.69 5r.32 54.1 6 54.86 55.52 56.1 4 56.73 57.28 57.87 58.43 58.99 59.54 60.70 61.2? 61.74 2018 201 I 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 28.51 31.87 34.47 35.09 36.1 8 38.22 40.22 42.46 55.58 57.31 58.70 79.94 81.46 62.87 64.42 65.67 67.26 68.67 71.40 73.0.1 75.22 77.44 1 02.61 82.02 84.63 87.24 Note: These rates will be further adjusted with the applicable integration charge. Note: The rates shown in this table have been computed using the U.S. Energy lnformation Administration (ElA)'s Annual Energy Outlook 2018, released February 2018. See Annual Energy Outlook 2018, Table 3.8 Energy Prices by Sector-Mountain at https ://www.eia. gov/outlooksiaeo/tables_ref . php AVISTA Page 3 AVISTA AVOIDED COST RATES FOR SEASONAL HYDRO PROJECTS June 01, 2018 $/MWh New Contracts and Replacement Contracts without Full Capacity Payments Eligibility lor these rates is limited to projects smaller than 10 aMW. LEVELIZED NON.LEVELIZED LENGTH ON-LINE YEAR CONTRACT YEAR NON-LEVELIZED RATES2018 2011 2020 2021 2022 2023 1 2 J 4 5 6 7I q 10 11 12 13 14 15 16 17 18 19 20 28.51 30.1 3 31.46 32.27 32.94 33.66 34.40 35.1 6 35.86 36.53 37.14 40.54 43.46 43.75 44.04 44.33 44.62 44.91 45.23 45.54 31.87 33.12 33.73 34.27 34.95 35.67 36.43 37.13 37.80 38.42 42.21 45.44 45.67 45.92 46.17 46.43 46.70 47.00 47.30 47.61 34.47 34.77 35.20 35.87 35.62 37.41 38.1 4 38.83 39.46 43.75 47.33 47.49 47.69 47.90 48.1 3 48.37 48.65 48.94 49.24 49.55 35.09 35.51 36.42 37.26 38.1 5 38.94 39.67 40.33 45.23 49.24 49.31 49.43 49.59 49.78 49.98 50.24 50.52 50.81 51.11 52.80 36.1 8 37.1 6 38.1 0 39.07 39.90 40.66 4t.5J 46.99 51.50 51 .42 51.43 51.50 51.62 51.78 52.01 52.25 52.52 52.81 54.63 54.92 38.22 39.1 8 40.1 9 41.0? 41.77 42.44 49.06 54.1 6 53.85 53.70 53.64 53.66 53.74 53.91 54.11 54.35 54.6? 56.59 56.85 57 .14 2018 201 I 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 28.51 31.87 34.47 35.09 36.1 8 38.22 40.22 42.46 43.90 45.46 46.67 101 .29 1 03.12 50.31 51.67 52.73 54.1 3 55.35 57.88 59.30 61.30 63.32 127.68 67.47 69.87 72.27 Note: A "seasonal hydro project" is delined as a generation facility which produces at least 55% of its annual generation during the months ol June, July, and August. Order 32802. Note: These rates will be lurther adjusted with the applicable integration charge. Note: The rates shown in this table have been computed using the U.S. Energy lnlormation Administration (ElA)'s Annual Energy Outlook 2018, released February 201 8. See Annual Energy Outlook 201 8, Table 3.8 Energy Prices by Sector-lvlountain al https ://www.eia. gov/outlooks/aeo/tables_ref .php AVISTA Page a AVISTA AVOIDED COST RATES FOR OTHER PROJECTS June 01,2018 $/lvwh New Contracts and Replacement Contracts without Full Capacity Pavments Eligibility lor these rates is limited to projects smaller than 10 aMW LEVELIZED .LEVELIZED CONTRACT LENGTH (YEARS) ON-LINE YEAR CONTRACT YEAR NON.LEVELIZED RATES2018 2019 2020 2021 2022 2023 1 3 4 5 6 7 8 o 10 '1 1 12.13 14 .15 16 17 18 19 20 28.51 30.13 31.46 32.27 32.94 33.66 34.40 35.1 6 37.67 39.79 41.60 43.1 9 44.59 45.83 46.96 47.98 48.91 49.78 50.61 51.38 31.87 33.1 2 JJ./J 34.27 34.95 35.67 36.43 39.25 41.58 43.54 45.24 46.71 48.01 49.1 8 50.24 51.21 52.09 52.95 53.75 54.50 34.47 34.77 35.20 35.87 36.52 37.41 40.67 45.40 47.22 48.78 50.1 4 51.36 52.45 53.45 54.37 55.25 56.07 56.85 57.59 35.09 35.61 36.42 Jt.10 42.01 44.95 47.30 49.26 50.91 52.33 53.59 54.72 55.74 56.68 57.58 58.42 59.22 59.98 60.7 r 36.18 37.16 38.1 0 39.07 43.73 47.08 49.63 51 .71 53.43 54.89 56.1 7 57.31 58.34 59.28 60.1 I 61.04 61.85 62.62 63.36 64.07 38.22 39.18 40.19 46.0 r 49.81 52.54 54.69 56.42 57.87 59.1 4 60.26 61.27 62.1 9 63.09 63.93 64.73 65.50 66.24 66.95 67.64 2018 201 I 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 IUJY 2040 2041 2042 2043 28.51 31.87 34.47 35.09 36.1 8 38.22 40.22 42.46 66.36 68.25 69.79 71.68 73.07 74.47 76.1 I 77.61 79.37 80.96 83.87 85.67 88.06 90.47 92.91 95.43 98.24 101 .06 Note: ''Other projects" refers to projects other than wind, solar, non-seasonal hydro, and seasonal hydro prolects. These "Other projects" may include (but are not limited to): cogeneration, biomass, biogas, landlill gas, or geothermal projects. Note: The rates shown in this table have been computed using the U.S. Energy lnformation Administration (ElA)'s Annual Energy Outlook 2018, released February 2018. See Annual Energy Outlook 201 8, Table 3.8 Energy Prices by Sector-Mountain at https ://www.eia. gov/outlooks/aeo/tables_ref .php AVISTA Page 5 IDAHO POWER COMPANY AVOIDED COST RATES FOR WND PROJECTS June 01,2018 $/lvwh New Contracts and Replacement Contracts without Full Capacity Payments Eligibility for these rates is limited to proiects 100 kW or smaller. LEVELIZED NON.LEVELIZED LENGTH ON-LINE YEAR CONTRACT YEAR NON.LEVELIZED RATES2018 2019 2020 ?021 2022 2023 1 2 J 4 5 b 7 a 9 '10 11 12 13 14 15 16 17 18 19 20 28.51 30.1 2 31.46 32.26 32.93 JJ.OJ 34.38 35.1 3 36.1 0 36.98 37.76 38.49 39.1 6 39.76 40.33 40.85 41.35 41.82 42.29 42.74 3'1.87 33.1 2 34.27 34.94 Jf,.OO 36.41 3t.+J JU.J4 39.15 39.90 40.58 41 .20 41 .78 42.31 42.82 43.30 43.78 44.25 44.70 34.47 34.77 35.20 35.87 36.61 37.40 38.51 39.48 40.33 41 .'1 1 41.81 42.45 43.04 43.59 44.11 44.60 45.1 1 45.58 46.05 46.51 35.09 35.61 36.42 J/.10 38.1 4 39.39 40.45 41 .36 42.18 42.92 43.57 44.19 44.76 45.29 45.80 46.32 46.82 47.30 47.78 48.25 36.18 37.1 6 38.1 0 39.07 40.47 41 ,61 42.57 43.43 44.18 44.85 45.48 46.05 46.60 47 .11 47.65 48.1 6 48.66 49.1 5 49.63 50.1 1 38.22 39.1 8 40.1 I 41.77 42.98 43.96 44.83 45.58 46.25 46.87 47.45 47.99 48.51 49.05 49.57 50.08 50.59 51.09 51.57 52.06 201 8 20'19 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 28.51 3t.87 34.47 35.09 36.1 8 38.22 40.22 42.46 47.31 48.92 50.1 I 51.77 52.88 53.97 55.39 56.51 57.96 59.24 61.82 63.30 65.36 67.44 69.54 71.72 74.17 76.64 Note: These rates will be lurther adjusted with the applicable integration charge. Nole: The rates shown in this table have been computed using the U.S. Energy lnlormation Administration (ElA)'s Annual Energy Outlook2018,releasedFebruary20l8. SeeAnnual EnergyOutlook20l8,Table3.8EnergyPricesbySector-Mountainat htlps ://www. ei a. gov/outlooks/aeo/tables-ref . php IDAHO POWER COIUPANY Page 1 IDAHO POWER COMPANY AVOIDED COST RATES FOR SOLAR PROJECTS June 01,2018 $/MWh New Gontracts and Replacement Contracts without Full Gapacity Payments Eligibility for these rates is limited to projects 100 kW or smaller LEVELIZED NON-LEVELIZED CONTRACT LENGTH (YEARS) ON.LINE YEAR CONTRACT YEAR NON.LEVELIZED RATES2018 2019 2020 2021 2022 2023 1 2 3 4 E A 7 8I.10 11 12 13 14 15 16 17 18 19)n 28.51 30.1 2 31 .46 32.26 32.93 33.65 34.38 35.13 38.60 41 .49 43.93 46.05 47.90 49.52 50.98 52.29 53.49 54.58 55.61 56.57 31 .87 33.1 2 33.72 34.27 34.94 35.66 36.41 40.37 43.58 46.25 48.53 50.49 52.21 53.74 55.1 0 56.34 57.47 58.54 59.52 60.45 34.47 34.77 35.20 35.87 36.61 37.40 42.01 45.63 48.57 51.03 53.1 3 54.93 56.53 57.95 59.23 60.40 61.50 62.51 63.47 64.37 35.09 35.61 36.42 37.26 38.1 4 43.65 47.79 51.04 53.71 55.93 57.83 59.49 60.95 62.27 63.46 64.59 65.62 66.60 67.52 68.39 36.1 8 37.1 6 38.1 0 39.07 45.81 50.56 54.12 56.97 59.29 61 .24 62.93 64.41 65.74 66.94 68.07 69.11 70.10 71.02 71.90 7?.73 38.22 39.1 8 40.1 I 48.72 54.17 58.02 60.99 63.34 65.28 66.95 68.40 69.70 70.87 71 .98 73.00 73.97 74.89 75.76 76.59 77.39 201 8 201 I 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2038 2039 2040 2041 2042 2043 28.51 31.87 34.47 35.09 36.1 I 38.22 40.22 42.46 78.74 80.81 82.54 84.61 86.19 87.78 89.69 91.31 93.27 95.07 98.1 I 1 00.19 102.79 105.42 108.08 1 10.82 1 13.85 1 16.90 Note: These rates will be further adjusted with the applicable integration charge. Note: The rates shown in this table have been computed using the U.S. Energy lnformation Administration (ElA)'s Annual Energy Outlook20lS,releasedFebruary20lS. SeeAnnualEnergyOutlook20lS,Table3.8EnergyPricesbySector-Mountainat https ://www. eia. gov/outlooks/aeo/tables_ref . php IDAHO POWER COMPANY Page 2 IDAHO POWER COMPANY AVOIDED COST RATES FOR NON.SEASONAL HYDRO PROJECTS June 01, 2018 $/I/Wh New Contracts and Replacement Contracts without Full Capacity Payments Eligibility for these rates is limited to proiects smaller than 10 aMW LEVELIZED NON.LEVELIZED LENGTH ON-LINE YEAR CONTRACT YEAR NON.LEVELIZED RATES2018 2019 2020 2021 2022 2023 1 2 J 4 6 7 A 10 1'l 12 13 14 15 16 17 18 19 20 28.51 30.12 3.1.46 32.26 32.93 33.65 34.38 35.1 3 38.36 41.05 43.33 45.32 47.05 48.58 49.95 51.18 52.31 53.34 54.32 55.22 3'1 .87 JJ.IZ JJ.II 34.27 34.94 35.66 Jb.+ I 40.08 43.07 45.56 47.69 49.53 51.14 52.58 53.86 55.03 56.09 57 .11 58.04 58.92 ' 94.47 34.77 35.20 35.87 36.61 37.40 41.67 45.04 47.77 50.07 52.03 53.72 55.22 56.56 57.76 58.86 59.91 60.87 61.78 62.63 35.09 35.61 36.42 Jt.zo 38.14 43.24 47.08 50.10 52.59 54.67 56.44 58.00 59.38 60.62 61.74 62.81 63.80 64.73 65.60 66.43 36.1 8 37.1 6 38.1 0 39.07 45.29 49.69 53.00 55.65 JI.6Z 59.65 61.24 oz.oJ 63.88 65.01 66.09 67.08 68.01 68.90 69.74 70.54 38.22 39.1 8 40.19 48.05 53.09 56.66 59.42 61.62 63.43 65.00 66.37 67.59 68.70 69.75 70.73 71.65 72.53 73.36 74.16 74.93 201 8 201 9 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 28.51 31.87 34.47 35.09 36.1 8 38.22 40.22 42.46 75.69 77.72 79.40 81.42 82.96 84.50 86.36 87.93 89.85 91.59 94.65 96.61 99.1 6 101.73 104.34 107.02 1 '10.00 1 12.99 Note: These rates will be lurther adjusted with the applicable integration charge. Note: The rates shown in this table have been computed using the U.S. Energy lnformation Administratron (ElA)'s Annual Energy Outlook 2018, released February 2018. See Annual Energy Outlook 2018, Table 3.8 Energy Prices by Sector-Mountain at https ://www.eia. gov/oullooks/aeo/tables_ref . php IDAHO POWER COMPANY Page 3 IDAHO POWER COMPANY AVOIDED COST RATES FOR SEASONAL HYDRO PROJECTS June 01,2018 $/N/Wh New Contracts and Replacement Contracts without Full Capacity Payments Eligibility lor these rates is limited to projects smaller than 10 aMW LEVELIZED NON-LEVELIZED CONTRACT LENGTH (YEARS) ON.LINE YEAR CONTRACT YEAR NON-LEVELIZED RATES2018 2019 2020 2021 2022 2023 1 2 3 4 5 6 7 8I 10 1'l 12 13 14 15 16 17 18 19 20 28.51 30.1 2 31.46 32.26 32.93 JJ.03 34.38 35.1 3 40.06 44.12 47.53 50.46 53.00 55.22 57.20 58.97 60.57 62.02 63.38 64.63 31 .87 33.1 2 JC.ta 34.27 34.94 s5.66 36.41 42.08 46.64 50.39 53.56 56.28 58.63 60.71 62.56 64.23 65.74 67.15 68.44 69.64 34.47 34.77 35.20 35.87 36.61 37.40 44.05 49.23 5s.37 56.82 59.73 62.22 64.40 66.32 68.05 69.61 71.06 72.39 73.62 74.78 35.09 35.61 36.42 al ac 38.1 4 46.14 52.08 56.69 60.43 63.52 56.14 68.41 70.40 72.17 73.76 75.24 76.60 77.86 79.03 80.1 4 36.1 8 37.1 6 38.1 0 39.07 48.92 55.77 60.86 64.87 68.11 70.80 tJ.tz 75.12 76.91 78.50 79.98 81.34 82.60 83.78 84.89 85.93 aa ,D 39.1 8 40.1 9 52.78 60.70 66.23 70.41 73.70 76.39 78.67 80.63 82.36 83.91 85.35 86.67 87.91 89.06 90.1 5 91.l8 92.16 201 I 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 zu5 I 2038 2039 2040 2041 2042 2043 28.51 31.87 34.47 35.09 35.18 38.22 40.22 42.46 97.08 99.42 101.42 1 03.76 105.63 1 07.50 109.70 111.61 113.87 1 15.97 1 19.39 121 .71 124.63 127.58 130.56 133.63 1 37.00 140.38 Note: A "seasonal hydro project" is delined as a generation facllity which produces at least 55% of its annual generation during the months of June, July, and August. Order 32802. Note: The rates shown in this table have been computed using the U.S. Energy lnformation Administration (ElA)'s Annual Energy Outlook 2018, released February 2018. See Annual Energy Outlook 2018, Table 3.8 Energy Prices by Sector-Mountain at https ://www.eia. gov/outlooks/aeo/tables_ref . php IDAHO POWER COMPANY Page 4 Note: These rates will be further adjusted with the applicable integration charge. lDAHO POWER COMPANY AVOIDED COST RATES FOR OTHER PROJECTS June 01,2018 $/MWh New Contracts and Replacement Contracts without Full Capacity Payments Eligibility for these rates is limited to projects smaller than 10 aMW. LEVELIZED NON-LEVELIZED LENGTH ON-LINE YEAR CONTRACT YEAR NON-LEVELIZED RATES2018 2019 2020 2021 2022 2023 1 2 a 4 R 6 7II.10 11 12.13 14 15 16 17 18 19 20 28.51 30.1 2 31.46 52.10 32.93 33.65 34.38 35.13 37.70 39.86 41 .71 43.33 44.75 46.00 47.14 48.17 49.11 49.98 50.81 51.58 31 .87 33.12 JJ,Il 34.27 34.94 35.66 36.41 39.31 41 .69 43.69 45.42 46.92 48.24 49.42 50.49 51.47 52.36 53.22 54.02 54.77 34.47 34.77 35.20 35.87 36.61 37.40 40.75 43.42 45.60 47.46 49.05 50.43 51.67 52.77 53.78 54.70 E^ ^O56.41 57.1 9 57.93 35.09 35.61 36.42 Jt.zo 38.1 4 42.11 45.14 47.55 49.55 51 .24 52.69 53 97 55.1 1 56.1 5 57.09 58.00 58.84 59.64 60.40 61 .13 36.1 8 37.1 6 38.1 0 39.07 43.88 47.33 49.95 52.09 53.84 55.33 56.64 57.79 58.84 59.79 60.71 61 .56 oz.Jt 63.1 4 63.87 64.58 38.22 39.1 I 40.1 I 46.21 50.1 4 52.95 55.1 6 56.94 58.42 59.71 60.85 61.87 62.8 1 oJ./ I 64.56 65.36 66.1 3 66.86 67.57 68.26 2015 201 9 2020 2021 2022 2023 2024 2025 2026 2027 202a 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 28.51 31.87 34.47 35.09 36.1 I 38.22 40.22 42.46 67.41 69.31 70.87 72.77 74.18 75.59 77.32 78.76 80.54 82.1 5 85.07 86.89 89.30 91.73 94.1 8 96.72 99.55 '102.38 Note: "Other projects" relers to projects other than wind, solar, non-seasonal hydro, and seasonal hydro projects. These "Other projects" may include (but are not limited to): cogeneration, biomass, biogas, landlill gas, or geolhermal prolects. Note: The rates shown in this table have been computed using the U.S. Energy lnformation Administration (ElA)'s Annual Energy Outlook 201 8, released February 201 8. See Annual Energy Outlook 201 8, Table 3.8 Energy Prices by Sector-Mountain at https ://www.eia. gov/outlooksiaeo/tables_ref .php IDAHO POWER COMPANY Page 5 PACIFICORP AVOIDED COST RATES FOR WIND PROJECTS June 01,2018 S/IVWh New Contracts and Replacement Contracts without Full Capacity Payments Eligibility for these rates is limited to projects 100 kW or smaller LEVELIZED CONTRACT LENGTH (YEARS) ON.LINE YEAR CONTRACT YEAR NON.LEVELIZED RATES201I201 9 2020 2021 2022 2023 1 2 J 4 R 6 7 8 o 10 .l 1 12 13 14 15 16 17 18 19 20 28.51 30.12 31.46 32.27 32.93 33.66 34.39 35.1 5 35.85 36.52 37.33 38.09 38.78 39.40 39.99 40.53 41.05 41.53 42.02 42.48 31.87 33.1 2 33.73 34.94 35.66 36.43 37.13 37.80 38.65 39.43 40.14 40.78 41.38 41.93 42.46 42.96 43.46 43.94 44.40 34.47 34.77 35.20 35.87 36.61 37.41 38.r4 38.83 39.73 40.56 41.29 41.96 42.58 43.1 5 43.70 44.21 44.73 45.22 45.71 46.1 8 35.09 35.61 36.42 Jt.zo 38.15 38.93 39.66 40.65 41.53 42.31 43.01 43.66 44.25 44.81 45.34 45.88 46.40 46.90 47.40 47.88 36.1 8 37.1 6 38.1 0 39.07 39.89 40.65 41 .71 42.65 43.46 44.19 44.85 45.46 46.04 46.59 47.14 47.67 48.20 4A.71 49.21 49.70 38.22 39.18 40.'19 41.02 41.77 42.91 43.89 44.73 45.47 46.1 5 46.76 47.35 47.90 48.47 49.02 49.55 50.08 50.60 51 .11 51 .61 201 I 201 I 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2035 2037 2038 2039 2040 2041 2042 2043 28.51 31.87 34.47 35.09 35.1 8 38.22 40.22 42.46 43.90 45.46 50.1 0 51.69 52.80 53.89 55.31 56.43 57.88 59.1 5 61.74 63.21 65.27 67.35 69.45 71.62 74.08 76.54 Note: These rates will be further adjusted with the applicable integration charge. Note: The rales shown in this table have been computed using the U.S. Energy lnlormation Adminislration (ElA)'s Annual Energy Outlook 2018, released February 2018. See Annual Energy Outlook 2018, Table 3.8 Energy Prices by Sector-Mountain at https ://www.eia.gov/outlooks/aeo/tables_ref .php PACIFICORP Page 1 NON-LEVELIZED PACIFICORP AVOIDED COST RATES FOR SOLAR PROJECTS June 01,2018 $/MWh New Contracts and Replacement Contracts without Full Capacity Payments Eligibility for these rales is limited to projects 100 kW or smaller. LEVELIZED NON.LEVELIZED CONTRACT LENGTH (YEARS) ON-LINE YEAR CONTRACT YEAR NON.LEVELIZED RATES2018 2019 2020 2021 2022 2023 1 2 J 4 5 6 7 I o 10 11 12 13 14 15 16 17 18 19 20 28.51 30.12 J1.40 32.27 32.93 JJ.OO 34.39 35.15 s5.85 36.52 39.24 41.59 43.63 45.42 47.03 48.46 49.77 50.96 52.08 53.1 1 31 .87 33.12 33.73 34.27 34.94 35.66 36.43 J/,IJ 37.80 40.83 43.42 45.63 47.56 49.27 50.79 52.17 53.41 54.59 55.67 56.68 34.47 34.77 35.20 35.87 36.61 37.41 38.1 4 38.83 42.27 45.14 47.56 49.64 51.47 53.08 54.53 55.84 57.08 58.21 59.26 60.25 35.09 35.51 36.42 Jt.zo 38.1 5 38.93 39.66 43.63 46.85 49.51 51.76 53.72 55.43 56.96 58.34 59.63 60.80 61.90 62.93 63.90 35.1 8 37.1 6 38.1 0 39.07 39.89 40.65 45.26 48.89 51.82 54.25 56.33ao 12 59.73 61.16 62.49 63.71 64.84 65.90 66.90 67.84 38.22 39.1 8 40.1 I 41.02 41.77 47.23 51 .33 54.54 57.14 59.33 61.20 62.85 64.31 65.68 66.92 68.07 69.1 6 70.17 71.13 72.05 201 8 201 9 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 28.51 31.87 34.47 35.09 36.1 8 38.22 40.22 42.46 43.90 45.46 81.77 83.82 85.40 86.97 88.87 90.48 92.44 94.22 97.32 99.31 101 .91 104.52 1 07.1 6 109.89 112.92 1 15.95 Note: These rates will be lurther adjusted with the applicable integration charge. Note: The rates shown in this table have been computed using the U.S. Energy lnformation Administration (ElA)'s Annual Energy Outlook 201 8, released February 201 8. See Annual Energy Outlook 201 8, Table 3.8 Energy Prices by Sectorlvlountain at https ://www. eia. gov/outlooks/aeo/tables_ref . php PACIFICORP Page 2 PACIFICORP AVOIDED COST RATES FOR NON-SEASONAL HYDRO PROJECTS June 01,2018 $/t\ilWh New Contracts and Replacement Contracts without Full Capacity Payments Eligibility for these rates is limited to projects smaller than 10 aMW, LEVELIZED NON.LEVELIZED CONTRACT LENGTH (YEARS) ON.LINE YEAR CONTRACT YEAR NON-LEVELIZED RATES2018 2019 2020 2021 2022 2023 1 2 3 4 5 6 7 8I 10 11 12 13 14 15 16 17 18 19 20 28.51 30.12 31.46 32.27 32.93 33.66 34.39 35.1 5 35.85 36.52 39.05 41.25 43.1 6 44.84 46.34 47.69 48.92 50.04 51.10 52.08 31.87 33.12 JJ./J 34.27 34.94 35.66 Jb.4J 37.1 3 37.80 40.62 43.03 45.1 0 46.90 48.50 49.93 51.22 52.40 53.51 54.53 55.49 34.47 34.77 35.20 35.87 36.61 37.41 38.1 4 38.83 42.02 44.69 46.95 48.89 50.61 52.12 53.48 54.71 55.88 56.94 57.95 58.89 35.09 35.61 36.42 37.26 38.1 5 38.93 39.66 43.34 46.33 48.81 50.91 52.74 54.35 55.79 57.08 58.29 59.41 60.45 61 .43 62.35 36.1 8 37.16 38.10 39.07 39.89 40.65 44.92 48.29 51 .01 53.27 55.22 56.90 58.40 59.74 61.00 62.1 5 63.22 64.23 65.1 I 66.08 38.22 39.1 I 40.1 9 41.02 41.77 46.81 50.61 53.58 56.00 58.05 59.80 61.35 62.72 54.01 65.18 66.28 67.30 68.27 69.1 9 70.06 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 28.5.1 31.87 34.47 35.09 36.18 38.22 40.22 42.46 43.90 45.46 78.69 80.71 82.23 83.76 85.62 87.18 89.08 90.81 93.86 95.81 98.35 1 00.91 1 03.50 1 06.18 1 09.15 112.12 Note: These rates will be further adlusted with the applicable integration charge. Note: The rates shown in this table have been computed using the U.S. Energy lnformation Adminislration (ElA)'s Annual Energy Outlook 20 1 8, released February 201 8. See Annual Energy Outlook 201 8, Table 3.8 Energy Prices by SectorMountain at https ://www.eia. gov/outlooks/aeo/tables_ref .php PACIFICORP Page 3 PACIFICORP AVOIDED COST RATES FOR SEASONAL HYDRO PROJECTS June 01,2018 $/l\'lWh New Contracts and Replacement Contracts without Full Capacity Payments Eligibility for these rates is limited to proiects smaller than 10 aMW, ON-LINE YEAR CONTRACT YEAR NON-LEVELIZED RATES2018 2019 2020 2021 2022 2023 1 3 4 5 6 7 8I 10 11 12 13 14 15 16 17 18 19 20 28.51 30.1 2 31.46 32.93 33.66 34.39 35.15 35.85 36.52 40.35 43.63 46.46 48.94 51.13 53.09 54.85 56.45 57.94 59.31 31.87 33.1 2 JJ. /J 34.94 J5.bb Jb.4J 37.13 37.80 42.11 45.75 48.84 51.52 53.87 55.96 57.83 59.51 61.08 62.51 63.84 34.47 34.77 35.20 35.87 36.61 37.41 38.'l 4 38.83 43.75 47.81 51.22 54.'12 56.65 58.87 60.85 62.63 o+.t6 65.78 ot.tt 68 46 35.09 J5.b I 36.42 37.26 38..15 38.93 39.66 45.36 49.95 53.71 56.87 59.59 61.96 64.05 65.92 67.64 69.21 70.65 72.00 73.25 36.1 8 37.1 6 38.1 0 39.07 39.89 40.65 52.53 56.69 60.1 2 63.02 65.52 67.71 69.65 71.44 73.06 75.93 77.22 78.42 38.22 39.1 8 40.1 I 41.02 41.77 49.75 55.67 60.26 63.94 67.02 69.63 71.89 73.88 75.71 77.36 78.88 80.28 81.59 oz.a I 83.97 2018 20r9 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 28.51 31.87 34.47 35.09 36.1 8 38.22 40.22 42.46 43.90 45.46 100.24 102.57 104.42 106.27 108.45 1 10.35 1 12.59 114.67 1 18.07 120.37-123.27 126.20 1 29.1 6 132.22 135.57 138.93 Note: A "seasonal hydro project" is detined as a generation f acility which produces at least 55% of its annual generalron during the months of June, July, and August. Order 32802. Note: These rates will be further adjusted with the applicable integration charge. Note: The rates shown in this table have been computed using the U.S. Energy lnformation Administration (ElA)'s Annual Energy Outlook 2018, released February 2018. See Annual Energy Outlook 2018, Table 3.8 Energy Prices by Sector-l/ountain at https :i/wlvw. ei a. g ov/outlooks/aeoitables_ref . php PACIFICORP Page 4 LEVELIZED NON-LEVELIZED LENGTH TVFARS\ PACIFICORP AVOIDED COST RATES FOR OTHER PROJECTS June 01 , 201 8 $iMWh New Contracts and Replacement Contracts without Full Capacity Payments Eligibility lor these rates is limited to proiects smaller than 10 aMW, LEVELIZED LENGTH ON.LINE YEAR CONTRACT YEAR NON.LEVELIZED RATES2018 2019 2020 2021 2022 2023 1 2 4 5 6 7 o 9 10 11 12 13 14 15 16 17 18 19 20 28.51 30.1 2 31.46 32.27 32.93 33.66 34.39 35.15 35.85 36.52 38.55 40.33 41.88 43.25 44.49 45.60 46.62 47.56 48.45 49.28 31 .87 33..12 JJ./J 34.27 34.94 35.66 36.43 37.80 40.05 41 .98 43.65 45.12 46.42 47.60 48.67 49.64 50.58 51.44 52.26 34.47 34.77 35.20 35.87 Jb.b I 37.41 38.1 4 38.83 41.35 43.49 45.30 46.87 48.26 49.50 50.63 51.65 52.62 53.52 54.37 55.18 35.09 35.61 36.42 37.26 38.1 5 38.93 39.66 42.55 44.93 46.91 48.61 50.09 51.40 52.58 53.65 54.67 55.61 56.50 57.33 58.1 3 36.18 37.16 38.10 39.07 39.89 40.65 43.98 46.64 48.81 50.62 52.1 I 53.56 54.79 55.90 56.96 57.93 58.84 59.70 60.52 61.30 38.22 39.1 8 40.1 I 41.02 41 .77 45.67 48.65 51.00 52.93 54.58 56.00 57.26 58.39 59.47 60.45 61.40 62.28 63.1 2 63.91 64.68 201 8 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2035 2037 2038 2039 2040 2041 2042 2043 28.51 31.87 34.47 35.09 35.1 8 38.22 40.22 42.46 43.90 45.46 70.35 72.24 73.65 75.05 78.21 79.98 81 .58 84.49 86.30 88.70 91 .12 93.57 96.1 0 98.91 101.74 Note: "Other projects" refers to projects other than wind, solar, non-seasonal hydro, and seasonal hydro projects. These "Other prolects" may include (but are not limited to): cogeneration, biomass, biogas, landfill gas, or geothermal projects. Note: The rates shown in this table have been computed using the U.S. Energy lnformation Administration (ElA)'s Annual Energy Outlook 2018, released February 20'l 8. See Annual Energy Outlook 2018, Table 3.8 Energy Prices by Seclor-Mountain at https ://www. eia. gov/outlooks/aeo/tables_ref .php PACIFICORP Page 5 NON-LEVELIZED