Tax Reform Benefits Continue for Idaho Power’s Oregon Customers

An increase to annualized tax reform benefits will result in a slight rate decrease for Oregon customers.

BOISE, Idaho — Idaho Power’s Oregon customers continue to receive a rate benefit resulting from federal tax rate changes that occurred in 2017. Idaho Power recently requested an increase of $36,151 to the annualized Oregon jurisdictional benefits associated with tax reform, increasing the total benefit to more than $1.5 million.

If this proposal is approved by the Oregon Public Utility Commission (OPUC) as filed, the typical Oregon residential customer using 1,150 kilowatt-hours of energy per month would see a $0.06 decrease on their monthly bill beginning June 1, 2020.

Opportunities for Public Review
Idaho Power’s filing is subject to public review and OPUC approval. Copies of the application are available at OPUC offices (201 High St. SE, Suite 100, Salem, OR 97301-3398), the OPUC website (oregon.gov/puc), Idaho Power offices and Idaho Power’s website (idahopower.com). Written comments regarding Idaho Power’s application may be filed with the OPUC.

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