The Idaho Public Utilities Commission has ordered Idaho Power and J.R. Simplot Co. to repay the utility's customers nearly $2 million in over-payments.
Idaho Power and Simplot reached an agreement to repay customers $1.88 million for that was overpaid for power generated by Simplot’s cogeneration plant in Pocatello. The commission disagreed with the agreement’s provision that customers be repaid over an undisclosed number of years.
Instead, customers should receive the money in one year, the commission said. It also ordered Idaho Power’s shareholder’s to pay $320,000 because the company shares responsibility for the overpayment.
The $1.88 million will be credited against next year’s Power Cost Adjustment on June 1.