On March 8, Idaho Power made a filing with the Idaho Public Utilities Commission (IPUC) requesting approvals of actions related to the company ceasing operations at the coal-fired North Valmy power plant (Valmy). In cooperation with NV Energy, Idaho Power has finalized an agreement to end its participation in operations of Valmy Unit 1 by Dec. 31, 2019, and Valmy Unit 2 by Dec. 31, 2025.
The agreement will allow Idaho Power to exit operations at Valmy and achieve cost savings benefits for customers of approximately $12.2 million. If Idaho Power’s request in this matter is approved as filed, the average Idaho residential customer using 950 kilowatt hours per month will see an increase of $0.10, effective June 1, 2019 — money that will recover Idaho Power’s incremental annual levelized revenue requirement of $1.2 million associated with the agreement to cease participation in Valmy operations early.
For more information, read the full news release the company issued March 8.