Utility Idaho Power Co. is asking the Idaho Public Utilities Commission to approve a 20-year sales agreement with High Mesa Energy LLC for a 40 MW wind project near the town of Bliss, Idaho.
High Energy, based in West Des Moines, Iowa, says the project will be operating by Dec. 28 of this year.
The agreement states that the developer would be paid a 20-year levelized price of $56.43/MWh, although the pricing stream varies based on the time of year and the time of day that the energy is delivered to Idaho Power.
The agreement also states that the value of the renewable energy certificates that would be generated over the 20-year contract would be shared equally by the developer and Idaho Power.
The project is a qualifying facility under the provisions of the Public Utility Regulatory Policies Act (PURPA), which requires that electric utilities offer to buy power produced from qualifying small-power producers or co-generators. The rate was negotiated between Idaho Power and the developer using the company's long-range growth plan as a basis.
The commission is accepting comments on the proposed sales agreement through Jan. 26.