The application requests an increase in Idaho Power’s Oregon jurisdictional revenue of about $5.8m per year, or a 14.7% overall average increase.
Idaho Power anticipates that the OPUC will evaluate the request and expects that any resulting rate change will not become effective until on or after 1 June 2012.
Regulatory Affairs vice president Greg Said said it is important for the company to achieve fair and timely recovery of its costs to provide customers with safe and reliable electric service, which today’s rates do not fully provide.
"Since our last Oregon general rate case in 2009, we have added over $316m in infrastructure needed to continue to provide safe and reliable electric service to our customers," Said said.
