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IPCo. Increases Energy Credits after BPA Settlement by Pat McCoy Capital Press, October 27, 2006

Benefits effective this month

Residential and small farm customers of Idaho Power Co. will see a larger energy credit on their electricity bills starting in October, as the result of increased benefits from an agreement between IPCo. and Bonneville Power Administration.

IPCo. and BPA are working under a 10-year agreement that provides the utility company's residential and small farm customers with a share of the benefits from the Federal Columbia River Power System. The agreement became effective in October 2001 and will continue into September 2011.

Under the new terms of the agreement, the benefits to IPCo. customers increased, effective Oct. 1 of this year, and will appear as larger credits on customer bills beginning this month.

A small-farm customer with monthly consumption of 100,000 kilowatt hours previously received a monthly credit of about $255. That will increase to about $510. Small farm customers receive their credit annually in December, company spokesmen said.