20130726Corrections to Application.pdf

Jean Jewell
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Sent:
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Subject:
Attachments:
Case No.'I'RI'I-W- I 3-01
Ron Stadley [[e-mail]]
Friday, July 26, 2013 10:35 AM
Jean Jewell
Jean Jewell; Karl Klein
Troy Hoffman Rate Case
Corrected Pages.pdf
To Whom It Ma,v Concern:
Please see attached corrected pages. We are filing them to correct our Application.
Let us know ifyou have any questions.
Thanks,
Anne Weadick
Troy Hoffman Water
710 W Dalton Ave, Suite J
Coeur d'Alene, lD 83815
208-664-9858 Office
208-665-2003 Fax
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Ron StadleY, President
Troy Hoffman Water CorPoration
710 W Dalton Avenue, Suite J
Coeur d'Alene,ID 83815
Teh 208-664-98s8
X'ax: 208-665.2003
[e-mail]
-t: I: i:.i 1
BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION
IN THE MATTER OF TIIE APPLICATION OF )
TROY HOFFMAN WATER CORPORATTON )
FOR AUTHORTTY TO INCREASE ITS RATES )
AND CHARGES FOR WATER SERVICE IN )
THE ST.{TE9F IDAEO. )
casE No. TRH-W-13-01
COMES NOlry Troy Hoffinan Water Corporation, hereinafter refened to as "Applicant"
or'.THWC" and holder of Certificate of Public Convenience and Necessity No, 280 from the
Idaho Publio Utilities Commission or "IPUC", hereby applies to the Commission for
authorization to increase its rates and charges for water service. THWC requests the
Application be processed under Modified Procedure.
Applicant is a Corporation duly qualified to do business in Idaho. The Applicant
provides water serviceto 146 residential and I commercial customers in the city of
Coeur d'Alene in Kootenai County, Idaho.
Application is made to the Commission to authorize a general3Yg'o increase in water
rates as follows:
Increase metered residential rates from $11.80 per month plus $1.10 per. ,,...
1,000 Gal for all consumption in excess of 5,000 per month to $ lr. :a
per month plus $ t .Wper 1,000 Gal for all consumption in excess of
5,000 Gal per month.
Increase metered commercial rates from $15.50 per month plus $1.10 per
1,000 Gal for all consumption in excess of 5,000 Gal per month to $ 2o. ro
per month plus $ l.{'l',:er 1,000 Gal for all consumption in excess of
5,000 Gal per month.
Applicantrequests that such changes in rates and charges be effective on January 1,
20t4.
Applicant hereby certifies that it has notified its customers of the Application by
inserting a notice with the Consumer Confidence Report mailed on July 1, 2013. A similar
notice has been published in the Coeur d'Alene Press on July 4, 2013, Copies of these notices
are included with this Application.
In addition to the recommendation of the IPUC to apply for a rate inorease
approximately every tluee years, based upon the test year ended December 31,2012 Applicant
believes its proposed increase in rates and charges is justified because operating expenses
continue to exceed income due to the fact that there was a 15 year pedod between iggO anA
201 1 in which no rate increases were done even though operating expenses continued to
increase. The last rate increase effective January 1,2011, helped to partially bridge the gap but
did not entirely do so.
Troy Hoffman Water Company
Ca lculation of Revenue Requirement
1 Rate Base
2 Rate of Return
3 Net Operating lncome Requirement
4 Net Operating lncome Realized
5 Net Operating lncome Deficlency
Revenue Requirement lncrease to
6 Overcome Loss
7 lncrementalPUC Fees @ A.7662%
8 Gross Revenue Requirement to Overcome Loss
Revenue Requirement lncrease
9 Subject to lncome Tax
10 Tax Gross-up Factor
11 Not Subject to lncome Tax
12 PUC and Bad Debts Gross Up Factor
Required Revenue Requirement lncrease
L3 Revenue lncrease Required
14 Amortize Rate Case Expenses
15 Total Revenue lncrease Required
16 Total Revenue Collected in Test Year
17 Revenue lncrease %
Tax Gross-up Factor Calculation
Gross-up Factor Calculation
Company
(B)(A)
40,180
8.47Yo
s
s
3,403
(9,003)
$
s
72,406
9,003
15
1,040
128.A9%
2,364
fio.fi%
LOO%
0,16620/o
0.0000%
99.8338%
7,9867%
91-.847L%
73,7777%
78,0700%
L2,717
37,9O0
33.56/o
9,018
3,699
!2,717
18
19
20
2t
22
23
24
25
26
Net Deficiency
PUC FeCs
Bad Debts
Taxable Amount
State Tax @ 87o
Federal Taxable
Federal Tax @ L5%
Net After Tax
Net to Gross Multiplier 128.09o/o
Eyhibils 5+b
Troy Hoffman Water Corporation, lnc.
Sheet I Revision..-
Replaces All Previous Sheets
Monthly Rates:
1) Residential s/q" and 1" Meters
First 5,000 Gallons
Each Additlonal 1,000 Gallons
2) Commerclal 1" Meters
Flrst 5,000 Gallons
Each Additional 1,000 Gallons
RATE SCHEDULE NO. 1
METERED WATER RATES
-+llfo-*+r-1+-
-+{#e--+-Lls-
il ts. tt'
qr../1
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and are payable within twenty (20)
NOTE:
Bllls for water servlce wlll be rendered bl-monthly
days of the billing date.
lssued 12128110
Effectlve 01101111
Issued by: Troy Hoffman Water Corporation, lnc.
Ron Stadley, President