Wednesday, January 4, 2012

Idaho Power rates rise


Idaho Power customers' rates are increasing 4.2 percent, effective Jan. 1.

Part of that 4.2 percent is an increase in the monthly customer service charge from $4 to $5. There also is a 0.75 percent decrease to the energy-efficiency rider, which funds conservation programs, resulting in a net average increase of 3.44 percent, according to a Dec. 30 news release from the Idaho Public Utilities Commission.


Last summer, Idaho Power asked for an average 10 percent increase, seeking an additional $81 million in annual revenue to offset $450 million the company invested in infrastructure since its last rate case in 2008. The compromise, agreed to by the utility, commission staff and customer groups, allows for a $34 million increase to annual revenue, the release says.

" ... the settlement stipulation represents a significant reduction—almost 60 percent—in the company's initially proposed rate increase," commission representatives said in the release.

Details on the agreement can be found at

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