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      "text": "Rate increase effective January 1, 2024, pending IPUC approval of the Settlement Stipulation\nIdaho-jurisdiction retail revenue:\nAnnual net average increase of 4.25% ($54.7 million)\nEstablishes new level of PCA base net power supply expense of ~$485 million\nTransfers cost recovery to base rates – $168.3 million from current PCA rates and $3.5 million from the energy efficiency rider\nProvides for a 9.6% return on equity and a 7.247% authorized rate of return applied to an Idaho-jurisdiction retail rate base of ~$3.81 billion\nModifications to ADITC and revenue support mechanism:\nEstablishes an Idaho-jurisdiction return on year-end equity of 9.12% for additional amortization of ADITCs and 9.6% sharing threshold\nRemoves $25 million annual cap on accelerated amortization of ADITCs\nTax credits generated by the batteries installed in 2023 will be added to the existing mechanism\nNo limitation on the timing of filing another Idaho GRC",
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