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Idaho Power files general rate case

Idaho Power

BOISE, Idaho (KIFI) — Idaho Power has filed a general rate case with the Idaho Public Utilities Commission (IPUC) requesting an overall rate increase of $111 million, or 8.61%.

The IPUC will evaluate this request over the next several months, and any resulting changes will not take effect until at least January 2024.

This request reflects two adjustments that would now be collected in base rates: reduced collection through the annual Power Cost Adjustment and a decrease to the annual Energy Efficiency Rider.

A general rate case is a proceeding used by the IPUC to determine the costs of operating and maintaining the utility system, and how those costs are allocated among customers.

Idaho Power’s last general rate case was filed in 2011. Since then, Idaho Power has invested more than $3 billion in the grid to safely and reliably serve customers, while the company’s customer base has grown by about 23%. Over the same timeframe, Idaho Power’s operating expenses have increased by about $50 million, or an average annual growth rate of 1%.

“We are sensitive to the impacts rate increases have on our customers, and our company works hard to keep our expenses low and our prices well below the national average,” Idaho Power President and CEO Lisa Grow said. “This case is largely focused on the infrastructure additions that have been necessary to reliably serve our growing customer base.”

Establishing new general rates will help ensure Idaho Power collects the level of revenue from customers necessary to cover costs and allow for a reasonable rate of return. If this request is approved as filed, the average Idaho residential customer using 950 kilowatt hours per month would see a monthly bill increase of about $11.61. Proposed impacts for all Idaho customers are shown in the table below. Actual percentages will depend on a customer’s classification and the rate they pay. Oregon customers are not impacted by this filing.

Article Topic Follows: Idaho

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