Tuesday, October 25, 2011

Idaho Power and Solar Project OK New Agreement, Lower Rates

Posted By on Tue, Oct 25, 2011 at 11:07 AM

Following a stern suggestion from the Idaho Public Utilities Commission to Idaho Power and a solar-power developer to fix their math, all parties announced late Monday that they had a 25-year deal to generate power from a 20-megawatt project in Owyhee County beginning in July 2012.

Idaho Power had initially struck a deal with Interconnect Solar Development in which the utility would pay $105.25 per megawatt-hour for power generated from the photovoltaic project near Murphy, Idaho. The cost of the power would be passed on to consumers. But following production requests from the PUC, Idaho Power identified errors that, if corrected, would result in a significantly lower cost.

Now, under a revised agreement, Idaho Power will pay the project developer $97.47 per mwh.

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