Rocky Mountain Power Application for Deferred Accounting Order

This opportunity concerns an application filed by Rocky Mountain Power (RMP), a division of PacifiCorp, with the Wyoming Public Service Commission. RMP is requesting a Deferred Accounting Order to establish a balancing account. This account will be used to track approximately $23.5 million in annual authorized excess wildfire liability insurance premium expenses and 80% of Wyoming wildfire liability claims and associated defense counsel expenses, effective February 15, 2026. The purpose of this deferral is to facilitate RMP's transition to a reserve fund for wildfire-related costs, mitigating potential over or under-recovery. RMP's current excess wildfire liability insurance policies expire on February 14, 2026, and will not be renewed as the anticipated Wyoming reserve fund is expected to be more cost-effective for customers. The company seeks authority to establish the balancing account for costs incurred from February 15, 2026, until the reserve fund is approved and implemented, or new commercial excess liability insurance is acquired in 2027. If approved, deferred costs will be recorded in Account 254, and any net revenues not used for wildfire claims will be deposited into a customer trust to support the future reserve fund. The account will accrue interest at the Commission-authorized rate. While the total amount of the potential deferral is unknown, RMP anticipates deferring approximately $1.96 million in revenues per month. The application may be reviewed online at https://www.rockymountainpower.net/about/rates-regulation/wyoming-regulatory-filings.html or through the Commission's online portal at https://dms.wyo.gov/external/publicusers.aspx (Record No. 18045).