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Utility seeks ruling to reclaim investment

Idaho Power Co. is seeking a favorable ruling from state regulators that would allow the utility to recover more than $50 million invested over two years on energy efficient programs.

The state’s biggest utility claims it spent a combined $50.7 million in 2008 and 2009 on programs to reduce energy consumption.

The company is asking the Public Utilities Commission to declare that the investment was “prudently incurred.” That rating means the company can then recover the money collected during those two years through a surcharge on monthly power bills.

Idaho Power claims the programs saved 140 gigawatt hours of energy in 2008 and 148 gigawatt hours in 2009. A gigawatt is 1 million kilowatt hours, and a kilowatt hour is enough power to operate ten 100-watt light bulbs for one hour.

About The Associated Press