1. Power Supply Adjustment (PSA) Rate Change Presented
TID staff presented a shift from a 0.2 cent credit to a 0.3 cent charge per kilowatt-hour, effective with the December control month. This change, reflecting a swing from a $5.8 million credit position to about a $5 million amount to be collected, is primarily driven by lower-than-anticipated retail electric load and reduced hydroelectric generation this year. CFO Brian Stubbert noted that while the district anticipated more hydro generation, current conditions have required purchasing more power from other sources, including natural gas and renewables. The PSA mechanism ensures TID recovers actual power supply costs while maintaining transparency with adjustments calculated twice annually.
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