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News Release
Commission Okays Idaho Power Rate Hike
June 15, 2001 (2001- 025)
Docket: UE123
Contacts: Roy Hemmingway, Chairman, 503 378-6611; Roger Hamilton, Commissioner, 503 378-6611; Joan H. Smith, Commissioner, 503 378-6611; Bob Valdez, Public Information Officer, 503 378-8962
Salem, OR –The Oregon Public Utility Commission today approved a request by Idaho Power to raise rates by three percent effective June 18, 2001, in order to recover a portion of higher than expected power supply costs for 2001.
The three percent increase would raise annual revenues by $774,950.
The company sought the authority to raise rates because of excess power supply costs and in order to provide customers with a price signal that electricity costs have risen and thereby encourage conservation.
"Idaho Power experienced higher power costs this year because of the drought and high prices in the western power market," said Commission Chairman Roy Hemmingway.
For a residential customer using 1,237 kWh per month, the average bill would be $60.47, an increase of $1.46.
April 24, 2001, Commission approved the same request with a May 1 effective date. However, Idaho Power discovered that letters to its customers informing them of the rate request and the date and time of the May 1, 2001 public meeting had not been mailed when scheduled and were not received until after the meeting.
The new June 18, 2001 effective date enabled the company to renotify its customers of the proposed rate change. Customer bills in which the rate increase was included (bills between May 4 and May 15) will be adjusted to remove the charge.
Idaho Power serves approximately 12,800 customers in the northeastern corner of the state.
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