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FERC and NERC Issue Joint Report on System Performance During the January 2025 Arctic Weather

LCG, April 17, 2025--The Federal Energy Regulatory Commission (FERC), the North American Electric Reliability Corporation (NERC), and its Regional Entities today issued a joint staff report concluding that the nation’s Bulk-Power System (BPS) "performed well during successive cold weather events in January 2025, without major issues in either the natural gas or electric systems."

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Matrix Renewables Announces the Commissioning of Pleasant Valley Solar 1

LCG, April 15, 2025--Matrix Renewables announced today the successful commissioning of the Pleasant Valley Solar 1 power generation facility in Ada County, Idaho. The 200-MWac solar facility includes a Power Purchase Agreement (PPA) that was secured through negotiation with Meta and Idaho Power. Matrix Renewables states the facility is the largest operational solar facility in Idaho Power's system. Sundt Renewables, the Engineering, Procurement, and Construction (EPC) services provider, completed construction of the project on March 2nd.

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Industry News

Idaho Power to Boost Electric Rates 23 Percent

LCG, May 2, 2001--The Idaho Public Utilities Commission yesterday granted the largest electricity rate hike in the history of Idaho Power Co. and there may be another increase in rates this summer. The new rates will take effect immediately.

In a unanimous ruling, the PUC gave Idaho Power permission to collect $168.3 million of the $227.4 million the company had asked for in its annual power cost adjustment filing, essentially boosting overall rates by about 25 percent.

Idaho Power chief executive Jan Packwood acknowledged "This is one whopping rate increase," but noted that the bulk of the increase about three-quarters of it was to cover the high costs of wholesale power which have soared as a result of the deregulation fiasco in California.

"We understand this will create hardships for some people," Packwood said. "It certainly will have ramifications for the Idaho economy as well."

The PUC will hold hearing again this summer to see if another rate hike is justified, and it could be, given the expected high cost of wholesale power likely to result when California tries to avoid rolling blackouts by having state agencies purchase power in the spot market.

"I hope everyone recognizes by now that we are in the midst of an unprecedented energy crisis, and during such times it is essential that rates for customers not be set artificially low," Packwood said. "We anticipate that prices will remain high throughout this year and into next. It is in no one's interest ifwholesale prices are sky-high and not reflected in the actual prices that customers pay."

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