Provo River power rates refreshed: Same prices, smoother bills.
Published Date: 2/14/2025
Notice
Summary
The Provo River Project’s electric service rate formula is getting a fresh update starting April 1, 2025, and will stay in place until March 31, 2030. This change mainly updates contract details but keeps the same pricing method, so customers won’t see rate hikes—just smoother billing. If you get power from this project, expect annual updates to your charges every September.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 1 costs, 1 mixed.
Annual Charge Updates and Billing Schedule
Under the formula rate, charges will be updated annually on or before the first day of September. Each year CRSP Management Center will establish the annual installment in advance and submit it to Customers on or before August 31; customers pay the revenue requirement in 12 monthly installments. The rule lists projected FY totals (collective revenue requirement) such as $422,956 for FY2025 and $446,402 for FY2030.
Customers Pay Investment/OM&R and Receive Surplus Energy
Customers are required to pay their annual amortized portion of the United States' investment in the Provo River Project with interest and associated operations, maintenance, and replacement (OM&R) costs. In return, customers will receive all Surplus Marketable Energy produced by the Deer Creek Power Plant after station service use and replacement energy deliveries to PacifiCorp.
PR‑3 Formula Rate Takes Effect, No Price Change
If you are a customer of the Provo River Project, the new Provo River Project formula rate (Rate Schedule PR-3) takes effect the first day of the first full billing period on or after April 1, 2025, and will remain in effect through March 31, 2030. The order replaces Rate Schedule PR-2 and explicitly makes no changes to the existing formula rate other than updating associated contract references, so the pricing method itself is not being raised.
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Key Dates
Department and Agencies
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