20220330Customer Notice and Press Release.pdf

CUSTOMERNOTICES
Annual energy cost adj ustment
Proposed net price increase
Rocky Mountain Power requests recovery of power costs
On March 3L,2022, Rocky Mountain Power asked the ldaho Public Utilities Commission to approve the incremental energy related
costs for 2021 of 528.4 million, a net increase of 513.2 million from the revenues currently collected through the energy cost
adjustment mechanism. The energy cost adjustment mechanism is designed to track the difference between the company's actual
expenses for fuel and electricity purchased from the wholesale market, against the amount being collected from customers through
current rates.
Pending commission approval, the increase would take effect June L,2022. All customer classes will see a net increase to their rates
due to the increased costs for fuel and wholesale electricity. The proposed adjustment will allow Rocky Mountain Power to continue
to deliver safe, reliable, affordable power now and for years to come.
Typical residential customers using 783 kilowatt-hours per month would see an increase of approximately 52.97 a month on their
electricity bill. The following is a summary of the percentate impacts by customer class:
o Residential Schedule t-3.2% increase
o Residential Schedule 36-3.7% increase
o General Service Schedule 6 - 4.6% increase
r General Service Schedule 9 -5.8% increase
o lrrigation Service Schedule L0 - 4.L% increase
o General Service Schedule 23-3.8% increase
o General Service Schedule 35 - 4.4Yo increase
o Public Street Lighting-2.2% increase
o Tariff Contract 400 - 5.0% increase
We understand the impact that price increases have on our customers and will work to mitigate that impact as much as possible.
Customers can visit rockymountain.net/wattsmart for energy- and money-saving tips and information.
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 on the commission's website at www.puc.idaho.gov under Case
No. PAC-E-22-05.
Customers may file written comments regarding the application with the commission or subscribe to the commission's RSS feed to
receive periodic updates via email about the case. Copies of the proposal are also available for review at the company's offices in
Rexburg, Preston, Shelley, and Montpelier, although the company encourages customers to visit our website at
rockymou ntain power. net/rates.
ldaho Public Utilities Commission
11331W Chinden Blvd
Building 8, Suite 2014
Boise, lD 83714
www.puc.idaho.gov
Rocky Mountain Power offices
r Rexburg - 127 East Main
r Preston - 509 S. 2nd E.
. Shelley - 852 E. 1400 N.
. Montpelier - 24852 U.S. Hwy 89
For more information about your rates and rate schedule, go to rockymountainpower.net/rates.
Y ROCKY MOUNTAIN
FOU'ER
POWERING YOUR GREATNESS
FOR IMMEDIATE RETEASE
Media Hotline [phone]
Higher market costs in 2O2L prompt
price increase request for ldaho energy customers
Annual energy cost odjustment
BOISE, ldaho (March28,2O22l - Rocky Mountain Powe/s costs for fuel and wholesale electricity
increased in 2O2l because of higher energy market prices, which made purchased power to serve its
customers more expensive. As part of an annual review of these costs, the company requested an
average 4.5 percent price increase for ldaho residential customers. Typical residential customers using
783 kilowatt-hours per month would see a 3.2 percent increase of about $2.97 per month on their
electricity bill.
"We recognize that no price increase is welcome. Still, we're committed to bringing the best value to our
customers for their hard-earned dollars, and we're acutely aware that we provide one of the most
essential public services," said Tim Solomon, regional business manager for Rocky Mountain Power in
Rexburg. "Our prices are among the lowest in the country and we've worked hard to keep our expenses
low. While we are strict with our budgets, we have also recently completed significant improvements to
our system to improve reliability for our 85,559 customers in southeastern ldaho, because we know the
importance of reliable service.
"The energy costs in the annual adjustment are generally beyond the company's direct control,"
Solomon added, "This annualadjustment makes sure Rocky Mountain Power customers always pay a
fair price for the energy they need."
Last year was characterized by many extreme and unforeseeable historic weather events that collectively
shaped the actual net power cost throughout the year. The resuh was the company experienced a
significant impact to these costs with the Western North America heat wave, a 13-day long extreme
weather event that occurred between June 25, 2O2L, and luly 7,2O21.
"That period saw a temperature peak of 119 degrees Fahrenheit in the Western United States and had a
significant impact on market prices for June and July as compared to the same period in 2020," said
PacifiCorp Net Power Cost Specialist Jack Painter. "Additionally, ongoing drought has caused negative
effects to net power cost because it impacts the availability of hydro resources. ln2O2L, actual generation
from hydro resources were 27 percent lower than forecasted generation. Unrealized hydro MWhs need
to be replaced to meet customer demand."
The annual energy cost adjustment mechanism is designed to track the difference between the
company's actual expenses for fuel and electricity purchased from the wholesale market, against the
amount being collected from customers through current rates. During the past year, the company's
energy-related expenses have increased by SZg.+ million. Pending commission approval, the changes
would take effect June 1, 2022,wlth the following impact on each rate schedule:
Residentia I Schedu le 1 - 3.2% increase
Residential Schedule 36 - 3.7% increase
General Service Schedule 6 - 4.60/0 increase
General Service Schedule 9 -5.8o/o increase
lrrigation Service Schedule t0 - 4.7Yo increase
General Service Schedule 23 -3.8% increase
General Service Schedule 35 - 4.4% increase
Public Street Lighting -2.2o/o increase
Tariff Contract 400 - 6.0% increase
The public will have an opportunity to comment on the proposal 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 on the commission's website,
www.puc.idaho.gov, under Case No. PAC-E-22-05. Customers may also subscribe to the commission's
RSS feed to receive periodic updates via email. The request is required to be available at the company's
offices in Rexburg, Preston, Shelley, and Montpelier, although the company urges customers to visit our
website at rockymountainpower.net/rates.
ldaho Public Utilities Commission
www.puc.idaho,gov
11331W. Chinden Blvd. Building 8, Suite 201-4
Boise,lD 837L4
Rocky Mountain Power offices
Rexburg - 127 East Main
Preston - 509 S. 2nd East
Shelley - 852 E. 1400 North
Montpelier- 24852 U.S. Hwy 89
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About Rocky Mountain Power
Rocky Mountain Power provides safe and reliable electric service to more than a million customers in
ldaho, Utah and \Arloming. The company works to meet customers'growing electricity needs while
protecting and enhancing the environment. Rocky Mountain Power is part of PacifiCorp, one of the
lowest-cost electricity providers in the United States. More information at rockvmountainoower.net.