Idaho Power’s Exit from Coal Plant Lowers Customer Bills

Agreement to cease operations at the Boardman coal-fired power plant will reduce rates for Idaho customers.

BOISE, Idaho — On Oct. 17, 2019, Idaho Power filed a request with the Idaho Public Utilities Commission (IPUC) to decrease rates for Idaho customers. The decrease is the result of the company’s agreement to cease operations at the Boardman coal-fired power plant on Dec. 31, 2020.

Idaho Power is requesting the decrease as its exit from Boardman approaches. A refund is due to customers after truing up a balancing account and selling certain plant assets. The decrease will reflect an annual revenue reduction of $1.06 million, effective Jan. 1, 2020.

In addition to reducing customer prices, ceasing operations at Boardman aligns with Idaho Power’s goal to provide 100% clean energy by 2045 as part of its “Clean Today. Cleaner Tomorrow.”® initiative.

If Idaho Power’s request in this matter is approved by the IPUC as filed, the average Idaho residential customer using 950 kilowatt hours per month will see a reduction of $0.09, effective Jan. 1, 2020. Impacts for all Idaho customers are as follows:

REVENUE IMPACT BY CLASS Percentage Change from Current Billed Rates
Residential Small General Service Large General Service 1 Large Power 2 Irrigation
(-0.09%) (-0.08%) (-0.10%) (-0.10%) (-0.10%)

1 Includes lighting schedules; 2 Includes special contracts

Opportunities for Public Review
Idaho Power’s filing is subject to public review and approval by the IPUC. Copies of the application are available at the IPUC offices (11331 W. Chinden Blvd. Building 8, Suite 201-A, Boise, Idaho 83714); Idaho Power offices; on Idaho Power’s website, idahopower.com; or on the IPUC website, puc.idaho.gov. Customers also may subscribe to the IPUC’s RSS feed to receive periodic updates via email about the case. Written comments regarding Idaho Power’s application may be filed with the IPUC.

About Idaho Power
Idaho Power, headquartered in vibrant and fast-growing Boise, Idaho, has been a locally operated energy company since 1916. Today, it serves a 24,000-square-mile area in Idaho and Oregon. The company’s goal to provide 100% clean energy by 2045 builds on its long history as a clean-energy leader that provides reliable service at affordable prices. With 17 low-cost hydroelectric projects at the core of its diverse energy mix, Idaho Power’s residential, business and agricultural customers pay among the nation’s lowest prices for electricity. Its 2,000 employees proudly serve more than 560,000 customers with a culture of safety first, integrity always and respect for all.

IDACORP Inc. (NYSE: IDA), Idaho Power’s independent publicly traded parent company, is also headquartered in Boise, Idaho. To learn more, visit idahopower.com or idacorpinc.com.

Contact: Jordan Rodriguez
Communications Specialist
208-388-2460
jrodriguez@idahopower.com