Idaho Power files general rate case for $111M increase; IPUC approves $105.1M PCA hike

IDACORP INC

IPUC approved $105.1M PCA rate increase (down from $200.2M request), effective June 1, 2023, with two-year deferral recovery.
Idaho Power filed first general rate case since 2011, requesting $111M net increase (8.61%) based on $3.9B rate base and 10.4% ROE.
If approved, average residential customer bill would rise ~$11.61/month; increases vary by class (10.78% residential, 11.44% small general).
Filing includes transfer of costs from PCA and EE rider to base rates, and rate mitigation using investment tax credits.
New rates, if approved by IPUC, effective on or after January 1, 2024.

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