Rocky Mountain Power asks Utah PSC to allow roughly $472 million interim EBA collection; DPU recommends approval pending audit

Rocky Mountain Power asked the Utah Public Service Commission during a hearing to allow interim rates to recover deferred 2024 net power costs totaling roughly $471.6–$472 million, proposing a 12-month collection beginning July 1, 2025, that the company said would raise the average Energy Balancing Account (EBA) rate by about 1.6 percent.

The request matters because the company and the Division of Public Utilities said the 2024 deferral is the largest EBA recovery on record and reflects multiple cost drivers that, if allowed on an interim basis, would change near-term customer bills while subject to later audit and a final commission decision.

Jack Painter, a net power cost adviser for PacifiCorp, summarized the company's filing and numbers. Painter said the company filed its annual EBA seeking recovery of $472,000,000 for calendar year 2024 and proposed interim rates with an effective date of July 1, 2025, that would be subject to later refund or surcharge. He also itemized components in the filing, including large EBA-related costs, credits for special-contract sales and electric-vehicle infrastructure program (EVIP) revenue, production tax credit (PTC) updates, and interest through the collection period. "I respectfully request that the commission approve the interim rates per the application with an effective date of 07/01/2025,…