IDAHO, USA — Idaho Power has filed a rate case with The Idaho Public Utilities Commission (IPUC) requesting a rate increase of 8.61% or $111 million. According to a press release the IPUC will evaluate the request and if approved changes will begin in January 2024.
"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."
According to Idaho Power, the last rate case for the company was filed in 2011 and since that time its company base has grown 23%. The company states that the higher rates will, "ensure Idaho Power collects the level of revenue from customers necessary to cover costs and allow for a reasonable rate of return."
"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," the release stated.
Rate increase depends on the amount of power used and the customers classification with Idaho Power. Oregon customers will not be included in the rate increase. For more information people can go to idahopower.com or puc.idaho.gov.
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