20080520Crowley Direct.pdf

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Dean J. Miler (ISH No. 1968)
McDevitt & Miler LLP
420 West Banock Street
P.O. Box 2564-83701
Boise, Idaho 83702
208-343-7500 (T)
208-336-6912 (F)
joeaymcdevitt-miler.com
211m 20 PI"\ i: 06
Attorneys for Teton Springs Water & Sewer Company LLC.
ORIGINAL
BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION
IN THE MATTER OF THE APPLICATION OF )
TETON SPRINGS WATER AND SEWER )
COMPANY LLC, FOR THE ISSUANCE OF A )
CERTIFICATE OF PUBLIC CONVENIENCE )
AND NECESSITY, FOR APPROVAL OF )
RATES AND CHARGES FOR WATER )
SERVICE, FOR APPROVAL OF )
RULES AND REGULATIONS GOVERNING )
THE RENDERING OF WATER SERVICE. )
)
CaseNo.l7..w-08-cf
BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION
DIRECT TESTIMONY OF LARY A. CROWLEY
May 20, 2008
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Please state your name and your business affliation.
My name is Lar A. Crowley. I am Director and President of the Energy
Strategies Institute ("ESI"), a consulting company and network of experenced
business professionals with diverse interests specializing in energy and utility
matters. The Institute provides regulatory and litigation support, industr
restrctung support including economic and financial analysis, and business and
organzational development analysis and implementation support.
Please descrbe your educational background and professional experence.
I have a Bachelor of Science degree in Economics from the University of
Marland, College Park, Marland. I have over 30 year of extensive utility
industr experence including corporate strategic planng, organzational
development, new business development including renewable energy
technologies, regulatory affairs, transmission system planing, and generation and
resource planng. My regulatory experence includes the preparation and filing
of testimony and exhibits before varous regulatory commissions, including
testifyng as an exper witness before the Idaho Public Utilities Commission, the
Oregon Public Utilties Commission, the Nevada Public Service Commission, the
Colorado Public Utilities Commssion, the Wisconsin Public Utilities
Commission, the Michigan Public Serce Commssion, the Nort Dakota Public
Serice Commission, the Montana Public Serice Commission, the Texas Public
Utility Commission, the Pennsylvana Public Utility Commssion and the Federal
Energy Regulatory Commission. A sumar of my professional experence is
attached as Exhbit 4 to ths testimony.
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Sewer Company LLC
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On whose behalf are you testifyng in this proceeding?
I am testifyng on behalf of Teton Springs Water & Sewer Company ("TSW &S"
or the "Company").
What is the purose of your testimony in this proceeding?
My testimony addresses the preparation of a revenue requirements study using
total Company data for the 12 months ending December 31, 2007 adjusted for
known and measurable changes, the test perod being used by the Company in ths
proceeding. My testimony specifically addresses the calculation of the
Company's jursdictional revenue deficiency and revenue requirements for water
distrbution and deliver serce provided by the Company. I also recommend
rates for water service based on the results of the revenue requirements study and
the natue of the system and serce characterstics.
Please explain how the Company's jurisdictional cost of servce and revenue
requirements for water distrbution and deliver service was deterined.
First, prior to May 2008, when the sewer and water assets at issue in ths filing
were transferred to Teton Springs, the water and sewer system was operated by
Teton Springs Golf & Casting LLC and the financial results of operations were
shown on the books and records of that company. The financial records of Teton
Springs Golf & Casting LLC were not organized according to the Uniform
System of Accounts for Class C Water Companes (USOC) as promulgated by the
National Association of Public Utilty Commissioners and adopted by the Idaho
Public Utilties Commission. My first step, therefore, was to re-classify the plant
accounts, revenues and opertin¡expenses for the 12 month perod ending
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December 31, 2007, to be consistent with the USOC. These results are shown in
Exhibit 6 in Colum 2, "Total Utilty per Books."
Second, because Teton Springs operates both an unegulated sewer system and a
water system which wil be regulated, it was necessar to prepare an abbreviated
jursdictional separation study to allocate plant accounts and financial results of
operations between the unegulated sewer business and regulated water business.
These allocations are shown in colums 5 and 6 of Exhibit No 6. Third, ths
filing is based on the investments and expenses incured by the Company to
provide water distrbution and deliver service to its jursdictional customers.
Accordingly, the Company's historic test year per books (CY 2007) operating
results are adjusted to reflect know and measurable changes to revenues and
expenses. Exhibits 5 though 9 provide specific details regarding the allocation of
total Company costs between the Company's water and sewer (unegulated)
business units costs and the deterination of the Company's water jursdictional
distrbution servce revenue deficiency and revenue requirements.
Have you prepared work papers with the Company's Application supporting your
reclassification of accounts and allocations between Unreguated Sewer and
Regulated Water?
Yes I have, and they are available for audit by the Commission Staff
Have you prepared or supersed the preparation of varous exhibits or Cost of
Serce Statements for this proceeding?
Yes, I have prepared or superised the preparation of the following exhbits or
Cost of Serce Statements for ths proceeding:
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Exhbit No Descrption
5 Jursdictional Operating Income - Pro Forma at Present and
Proposed Rates for the 12 Months Ending December 31, 2007.
6 Development of TSW &S Revenue Requirements - Jursdictional
Separation Study and Cost of Service Study for the 12 Months
Ending December 31, 2007.
7 Schedule of Accounts and Sumar of Adjustments for the 12
Months Ending December 31, 2007.
8 Calculation of the Net-to-Gross Tax Multiplier.
9 Development of Water Tarffs based on the cost of serice results
for the 12 Months Ending December 31, 2007.
Have you calculated the Company's revenue deficiency for its water distrbution
and deliver service in Idaho?
Yes I have. The revenue deficiency for the Company's water distrbution and
deliver serice is $99,256 based on the test perod ending December 31,2007, as
adjusted.
Please generally descrbe the methodology used to separate Total Utilty costs
between the regulated water and unegulated sewer jursdictions.
The cost of providing serce is measured through the use of the Company's
accounting and operating data for a specific 12-month perod oftime. In ths
instance, I am using the total utilty information provided by Mr. Jon Pinardi,
Director of Operations of the Company and adjusted by myself in collaboration
'with Mr. Pinardi for the 12-month perod ending December 31,2007, which is the
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test year being used in this proceeing to determine water distrbution and
deliver revenue requirements. The methodology used to separate costs by
jursdiction and to calculate the Company's jursdictional revenue requirement for
water distrbution deliver service in this case is descrbed in detail below. After
re-classifyng and allocating the accounts, I then made a series of adjustments to
the per books values to reflect known and measurable changes. Those
adjustments are sumarzed on Exhbit No 7 and are detailed below.
Have you prepared an exhibit that sumarzes the calculation of the Company's
water revenue deficiency?
Yes. I prepared Exhibit 5 consisting of thee tables and three pages. Ths exhbit
sumarzes the results of the jursdictional separation study prepared for the 12
months ending December 31, 2007 that is descrbed in detail later in this
testimony.
Table 1, page 1 of this exhibit, sets fort the Company's jursdictional operating
income (losses) at curent rates and operating income, including incremental
income taxes, at proposed rates for the Company's water jursdiction.
Table 2, page 2 of ths exhbit sets fort Total Utility operating income and
sumarzes the calculation of the jursdictional revenue deficiency and revenue
requirements for the Company's Idaho water jursdiction. References are
provided for the supportng cost of serice statements detaled on Exhibit No 6 for
each component shown on ths table. As shown in colum 2 of ths table, the
revenue deficiency previously identified results in a total revenue requirement of
$345,252 and a revenue requirement of $298,082 from water rates. The indicated
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revenue requirement would provide the revenues necessar to recover the
Company's costs of providing water serce and ear a modest operating margin.
Table 3, page 3 of Exhibit 5, sumarzes the calculation and allocation of the
Company's plant in serice and rate base. This table shows the allocated
individual components of rate base for the Total Company and the Company's
water jursdiction. References are again provided for the supporting cost of
servce statements for each component of Total Utilty rate base. The Company's
allocated water rate base is a negative $50,993.
Please explain the Company's water rate base and its implications.
Although the water plant in serice is valued in excess of $3 milion, that
investment is completely off-set by contributions in aid of constrction. As a
result, the Company has a negative rate base. Under traditional rate making
principles, since there is nothing on which the Company would ear a retu, the
Company would only recover its anual operating expenses and would not
produce any operating margins or source of fuds for continuing operations or
contingencies.
Is that a desirable or reasonable result for an ongoing utility?
No. Ever business strves to produce some amount of margin over its operating
expense so as to maintain financial stabilty.
What do you propose as a remedy?
As shown on Table 2, Line 8 of Exhibit No 5, I am proposing that the
Commission allow an anua amortization expense of$89,140. Ths amortization
is similar to what other Idaho water utilties have been allowed to do in order to
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recognze the wear and tear of the water assets in serice and, over time, reduce
the amount of contrbuted capital in the same fashion depreciation is used to
amortze and reduce plant in serce financed by conventional debt and equity
instrents. The anual expense amounts of ths amortization would be booked
to Account 272 - Accumulated Amortization of CIAC.
What would the effect of this allowance?
In addition to recognzing the normal expense associated with the wear and tear of
the operating assets, it would produce cash flow for the Company to maintain and
upgrade its system, improve the financial stabilty of the Company and it would,
over time, amortze the contrbutions of aid in constrction from the Company's
books.
How did you calculate the amortzation amount of$89,l40?
The calculation of the propose amortzation adjustment is detailed on Exhbit No
7, page 10. The amount shown is based on a defacto depreciation schedule which
I calculated using the most recent depreciation rates approved by the commission
applied to the reclassified plant accunts of the Company.
What other adjustments are you recommending for calculating the Company's
revenue requirements?
As shown on Line 17 of Page 2 of Exhibit No 5, I am proposing that the
commission allow the Company to include a modest operating margi in the
calculation of its revenue requirements. The amount of the proposed margin
would be based on the Company's operating expenses rather than a retu on rate
base. I am proposing an operating margin equivalent to 7.5 percent ofthe
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1 Company's total operating expenses as shown on Line 10 of Page 2 of Exhibit No
2 5. Ths wil provide the Company a small margin to cover unexpected increases
3 in expenses, other contingencies wil allow the Company to show a margin over
4 its operating costs.
5 Calculation of Jurisdictional Revenue Requirements
6 Q. Please descrbe Exhibit 6.
7 A. Exhibit 6, which consists of 10 pages, is the complete Jursdictional Separation
8 and Revenue Requirements Study ("JSS") detailng the allocation of each
9 component of rate base, operating revenues and expenses by account number for
10 the 12 month test perod ending December 31, 2007. The JSS is designed to
11 show the Total Utility values as developed (Colum 2) and the allocation of those
12 total utilty values to the Company's water service which is at issue in this
13 proceeding (Colum 6). Results from ths JSS for the Company's water
14 jurisdiction were used to prepare the proposed rates for water serce. The JSS,
15 Exhibit 6 is organized as follows:
16 Table No Description
17 1 Total Rate Base
18 2 Cost of Servce and Revenue Requirement
19 3 Utilty Plant in Serce
20 4 Accuulated Provision for Depreciation
21 5 Optig Revenues
22 6 Opation & Maintenance Expenses
23 7 Depreciation & Amortization Expenses and Taxes
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8 Calculation of Incremental Federal & State Income
Taxes
Please descrbe Table 1 of Exhibit 6.
Table 1 is a sumar table which consolidates allocated jursdictional water
utility rate base information developed on varous tables of the JSS. The tota
Company's jursdictional water rate base in the amount of $(50,993) is shown on
Line 20, Colum 6 of Table 1. References to supporting tables or specific
allocation factors are also shown for each component of Total Utilty Rate Base
and are listed under the colum labeled "Allocation Factor or Reference". Table
1 sumarzes plant in serice, accumulated provision for depreciation,
contrbutions in aid of constrction (CIAC) and working capital requirements.
Working Capital is calculating in the traditional maner by using 1/8th of total
operation and maintenance expenses.
Please describe Table 2 of Exhbit 6.
Table 2 is a sumar table which consolidates allocated jursdictional revenue
and expense information developed on varous tables of the JSS. In addition, this
table details the calculation of revenue deficiency and revenue requirements for
the Company's Idaho water jurisdiction. The Company's water jursdictional
revenue deficiency and revenue requirement are $99,256 and $345,252,
respectively, shown on Lines 25 and 27 of Colum 6 of Table 2. References to
supporting tables or cost of serce statements are also provided for each
component of ths table and are listed under the colum labeled "Allocation
FactorlRef'.
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1 The net-to-gross tax multiplier for the Company's Idaho jursdiction is 1.6350
2 which is shown on Line 24, Colum 6 ofthis table. The development of the net-
3 to-gross tax multiplier is detailed on Exhibit 8.
4 Q.Please describe Table 3 of Exhibit 6.
5 A.Table 3 of Exhibit 6 sets fort the separation and allocation of water and sewer
6 plant in serice. Any component of plant that is allocated by direct assignent
7 has an allocation factor that begins with the letters "DA" to reflect direct
8 assignent. For example, water plant is allocated to the Company's Idaho
9 jursdiction by direct assignent.
10 Q.Please descrbe Table 4 of Exhibit 6.
11 A.Table 4 of Exhibit 6 sets fort the allocation of accumulated provision for
12 depreciation and amortzation of plant in serice. Allocation factors are listed in
13 the colum labeled "Allocation FactorlRef'. The allocation factors used to
14 allocate accumulated provision for depreciation are normally based on allocated
15 plant balances. In this case since all water and sewer plant accounts were directly
16 assigned, the accumulated depreciation was allocated in the same fashion. I
17 should also note that this information is being provided for reference only.Since
18 the Company is not claiming any depreciation on contrbuted plant, this
19 information is not included in the calculation of rate base. I should also add that
20 these balances were calculated by an assessment prepared by CH2M Hil on
21 behalf of Teton Springs Golf & Casting.
22 Q.Please descrbe Table 5 of Exhibit 6.
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Table 5 of Exhibit 6 sets fort the total operating revenues at present rates for the
Company for the 12 months ending December 31, 2007. This table lists the
Company's revenues by jursdiction and Other Operating Revenues by account
number. Oter Operating Revenues are allocated or directly assigned to the
appropriate jursdiction. Also shown are the anualizing adjustments to water
revenues which are shown in Column 3 and descrbed below.
Please descrbe Table 6 of Exhibit 6.
Table 6 of Exhibit 6 details the Company's Operation and Maintenance Expenses
by servce and by account number for the 12 months ending December 31, 2007.
Allocation factors are listed in the colum labeled "Allocation FactorlRef'. In
general, the basis for each allocation may be readily interreted from the exhbit.
Many of the allocations are direct assignent to the appropriate fuction or
servce and begin with a "DA"; other allocation factors are referenced as
necessar. Also shown are the anualizing adjustments, shown in Colum 3, to
operating and maintenance expenses which are described below.
Please descrbe Table 7 of Exhibit 6.
Table 7 of Exhibit 6 details the allocation of the Company's Depreciation and
Amortization Expense by fuction or by serce. These expenses have been
identified by fuction or by primary plant account. Allocation is then
accomplished on the basis of the related plant account as previously allocated or
by direct assignent. All taxes, including taxes other than income taxes, are also
sumarzed on this table. Taxes Other Than Income Taxes are listed
individually and are allocated in a maner consistent with the basis by which the
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respective taxes are assessed. For example, the Company's public utilties
commission assessment fee is allocated on the basis of jursdictional revenues
which are subject to the fee assessment. Also shown are the anualizing
adjustments, shown in Colum 3, to amortization and tax expenses which are
descrbed below.
Please descrbe Table 8 of Exhbit 6.
Table 8 of Exhibit 6 details the calculation of the Company's jursdictional
8 incremental income taxes for the 12 month perod ending December 31,2007
9 based on the increase in revenues shown on Table No 2.
10 Annualiing Adjustments
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Please descrbe Exhbit 7.
Exhibit No 7 is entitled Schedule of Accounts and Sumar of Adjustments and
consists of 10 pages. The fist page is a sumar of all the known and
measurable adjustments used in the preparation of the jursdictional separation
study and the results of each adjustment by USOA account number.
Please sumarze the anualizing adjustments you are proposing for ths
proceeding.
The first adjustment is to reflect the increase in management fees to the Company.
These fees were increased on Januar l, 2008 by $6,000 per year. The Company
does not have any employees and therefore uses outside contract sources to
manage and operate the Company's assets and facilities. The second adjustment
is a reduction in operating expenses of$3,785 to reflect the elimination of one-
time purchase expense of biling softare which is a non-recurng expense. The
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1 thrd adjustment reflects the increase in chemical expenses associated with the
2 higher number of customers and related higher usage of water requiring treatment.
3 The four adjustment reflects the increase in operating revenues associated with
4 the anualizing of new customers by each class of customer. The new level of
5 customers is based on actual customers receiving serce in the first quarer of
6 2008 as well as undeveloped lots within the Teton Sprigs development. The
7 fifth adjustment reflects the anualizing of expenses associated with lab sampling
8 expenses. The sixth adjustment reflects the assessment of the IPUC fees to what
9 would now be the regulated water business of the Company. The'adjustment
LO reflects the application of the fee rate approved by the commission in its Order No
11 30537 in Case No F-2008-L. The seventh adjustment reflects the thee-year
12 amortization of the outside expenses incured by the Company to prepare and file
13 this case. These expenses do not include any curent employees or other outside
14 contract employees of the Company. The eighth adjustment details the proposed
l5 amortzation of CIAC discussed earlier in this testimony. Each adjustment has an
16 individua worksheet attached to Exhibit No 7 which details the calculations for
17 each adjustment. The eighth adjustment contains two pages.
18 Net-to-Gross Tax Multiplier
19 Q.Please descrbe Exhibit No 8.
20 A.Exhibit No 8 details the calculation of the net-to-gross multiplier used to calculate
21 the Company's revenue deficiency as shown on Exhbit No 5 and Exhibit No 6.
22 The multiplier uses curent IPUC assessment fees, state income tax rates and
23 federal income tax rates.
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I Rates
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Please descrbe the rate design that the Company is proposing.
Teton Springs is proposing revised rates; one for those customers who are
curently taking water serce from the Company; and another for those
customers/owners who are curently not taking servce but who have facilities
provided by the Company available to their property.
Please descrbe Exhibit No 9.
Exhibit No 9 is a one-page exhibit which sets fort the curent monthly rates for
water service (Colum 5), the proposed rates for the active and non-active
customers by class of serice. The proposed rates for all customers are flat since
serice is not metered. The rates and revenue recover from the application of
rates are shown for the total jursdiction (Colum 1, Line 16) which is shown on
Exhibits 5 and 6. Exhbit 9 shows the proposed rate strctues consisting of a flat
monthy charge, which wil be biled on a quarerly basis, for customers who are
curently receiving serce and are connected to the system, and an availabilty
charge for properies or inactive customers for which facilities are in place and
that are capable of being connecte but have not yet done so.
Does Company Witness Jon 'linardi explain the rationale for this rate design in
his testimony?
Yes, he descrbes the reasons for a flat quarerly charge and an availabilty charge.
What rates are you proposing for the monthy active service charge and the
availability charge?
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I am proposing a flat monthy charge of $50.00 for all residential customers
curently receiving service and an availabilty charge of$25.00 for all other
residential customers who are not receiving servce. This wil result in a
significant reduction from curent monthy residential rates which are now $80.00
per month for residential customers receiving service. For commercial serice, I
am proposing a flat monthly charge of $l50.00 for all commercial customers
curently receiving servce and an availability charge of$75.00 for all other
commercial customers who are not receiving servce. As described by Mr.
Pinardi, commercial service is provided by facilties that supply thee times the
level of serice of residential customers. For this reason I have proposed
commercial rates that are thee times higher than residential serce. Finally, for
multifamily customers, which are predominately residential customers, I am
proposing the same flat monthy residential rate of$50.00 per month. There are
no inactive customers in this class of serice so there is no availability charge
proposed for ths class of serce.
Why is the Company proposing availabilty rates?
The use of an availabilty charge wil allow the Company to recover all of its
fixed costs and eliminate the penalties that would otherise be assessed to the
active customers who would be payig all the fixed costs of the system. The
availabilty charge allows the Company to recover a portion of its costs in
recogntion that the water system is in place and available to serce to all lots and
locations contained in the development.
Does this conclude your direct testimony in ths proceeding?
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Sewer Company LLC
1 A.Yes it does.
Crowley, Di 17
Teton Sprigs Water and
Sewer Company LLC
Larry A. Crowley, President and Director
The Energy Strategies Institute, Inc.
APPENDIX A - PROFESSIONAL EXPERIENCE
I have 30 years of senior-level utilty operating, planning and regulatory experience. My regulatory
experience includes the preparation of exhibits and testimony for jurisdictional separation and revenue
requirement studies, class cost of service studies, unbundled cost studies, and rate design studies for
filng before various regulatory commissions. I have appeared as an expert witness before the Idaho
Public Utilties Commission, the Oregon Public Utilties Commission, the Nevada Public Service
Commission, the Colorado Public Utilties Commission, the Wisconsin Public Utilties Commission, the
Michigan Public Service Commission, the North Dakota Public Service Commission, the Montana Public
Service Commission, the Texas Public Utilty Commission, the Pennsylvania Public Utilty Commission, and
the Federal Energy Regulatory Commission.
My principal clients include Wisconsin Elecric Power Company, Milwaukee, Wisconsin; Montana-Dakota
Utilties Company, Bismarck, North Dakota; Duquesne Light Company, Pittsburgh, PA; The US Department
of Energy, Offce of Renewable Energy and Energy Efficiency, Washington, D.C.; The Washington Group
International, Boise, Idaho; The J.R. Simplot Company, Boise, Idaho; Riley Creek Lumber Company,
Hayden, Idaho; United Electric Co-op, Heyburn, Idaho; Eagle Water Company, Eagle, Idaho; Sithe Global
Power, LLC, Houston, TX; Idaho Power Company, Boise, Idaho; The Electric Department of the City of
Weiser, Idaho; The International Energy Agency, Paris, France; The World Bank, Washington, DC; The
Solar Electric Power Association, Washington, DC; and the German Development Bank, (KfW), Berlin,
Germany.
The Energy Strategies Institute, Inc.
Present
October 1999 to
Founder and Director of a consulting company and network of experienced professionals with diverse
interests specializing in energy and utilty rate and regulatory matters, dedicated to developing and
implementing practical solutions for energy service providers and customers. The Institute provides
regulatory and litigation support, industry restructuring support including economic and financial analysis,
and business and organizational development analysis and implementation support. The Institute also
offers assistance and faciltation with energy and utilty strategic planning initiatives, resource planning
studies, and strategic, financial and feasibilty studies for mergers and acquisitions. The Institute delivers
value through the application of senior-level industry experience and a team-based philosophy that result
in the development and transfer of knowledge to its clients.
Idaho Power Resources Corporation July 1996 to October
1999
A wholly owned subsidiary of Idaho Power Company, responsible for developing domestic and
international non-regulated business initiatives to provide future revenue and earnings growth.
President
Established, organized and led a new independent business division including establishment of the
entity, selection and training of staff, systems implementation and day-to-day management of the
entity. The entity consisted of eight engineers, economists and technologists. I was also responsible
for $3.5 millon annual operating budget for preparation of strategic plans, business plans including
due dilgence and analysis for mergers and acquisitions, and research, development and deployment
Ex 4 PAC 1 01''
of new technologies such as PEM fuel cells and solar energy systems.
· Developed extensive business plans for energy-related projecs in Brazil, Argentina, Peru and
Indonesia, including acquisitions of operating electric distribution systems, new and existing
hydroelecric generating project, information and communication technologies, and the
application of renewable energy technologies in remote areas of developing countries. Plan
formulation was accomplished by identification of specific and unique market opportunities
through personal contact and research.
· Marketed the capabilties of Idaho Power Company and its subsidiaries to various South
American entities resulting in first year sales of $4.5 milion.
· Responsible for formulating strategies and directing the due dilgence related to the
acquisition of various unregulated subsidiaries with annual revenues in excess of $18.0 milion.
· Negotiated a Memorandum of Understanding with the Ministry of Energy of Brazil to examine
the possibilties of developing large-scale electrification projects in the remote areas of BraziL.
. Negotiated an exclusive Memorandum of Understanding with the Government of Indonesia
for the provision of energy services in the remote areas of Indonesia under the jurisdiction of the
Ministry of Transmigration.
. Participated in a number of high-level trade missions to South America representing domestic
energy interests. These trips to Brazil, Argentina, Bolivia and Peru were sponsored by the US
Agency for International Development and other industry-specific trade associations such as the
US National Hydropower Association and the US Export Council for Renewable Energy.
Honors
· Invited by the Minister of Energy of Brazil to attend the first annual conference held in Brazil
on renewable energy and energy efficiency and to participate as a panelist at that conference.
· Co-hosted the 1997 Renewable Energy in the Americas Conference (REIA 97) with the
Minister of Energy of Brazil. This conference was held in Rio de Janeiro in July 1997 and
attended by over 350 senior representatives for North, Central and South American energy
companies, utilties, government agencies, NGOs and multilateral financing organizations.
. Invited by the US Department of Energy and then-Secretary of Energy Hazel O'Leary to
participate as a panelist/presenter at the Second Annual Meeting of the Energy Ministers of the
Western Hemisphere - August 1997.
. Invited to travel with US Secretary of Commerce (Daley) as a member of a trade mission to
Brazil, Argentina and Chile - May 1997.
. Invited to travel with the US Secretary of Energy (Pena) to the Third Annual Meeting of the
Energy Ministers of the Western Hemisphere held in Caracas, Venezuela in January 1998, and to
participate on various discussion panels during the conference.
· Invited to participate at a number of international renewable energy conferences hosted by
The World Bank and the US Agency for International Development.
Idaho Power Company March 1979 to Octber 1999
Idaho Power Company is the largest investor-owned electric utilty serving in Idaho with 2004 revenues of
$844.5 millon, total plant investment of approximately $3.2 billion and over 440,000 customers.
Senior Manager, Strategic Planning January 1991 to October
1999
As Senior Manager of Strategic Planning, I reported directly to the Chairman of the Board and CEO of
the company. I was responsible for direcing all corporate strategic planning activities of the
company, including regulatory initiatives and merger and acquisition activities. I was responsible for
the preparation of the annual economic forecast used by the major business units of the company in
the preparation of their annual business plans, operating budgets and capital requirements. I was
also responsible for overseeing the company's research and development programs and projecs
2
i: .. PAG 2 OF"
dealing with new technologies or improvements in operating practices.
· Developed a rate mechanism that tracks and recovers changes or fluctuations in the
company's cost of production (PCA), including formulation of the concept, plan and the regulatory
strategy to secure approval of the regulatory commissions having jurisdiction over the company.
. Directed the litigation team that participated in the PacifiCorp/Utah Power merger appearing
before the Idaho PUC and the Federal Energy Regulatory Commission. Negotiated the settlement
agreement between the parties, resulting in significant benefits to Idaho Power Company
including firm transmission service in Utah, ownership of a major strategic substation, additional
transmission revenue and favorable resolution of a number of pending regulatory disputes.
· Negotiated a comprehensive transmission services agreement between the company and
Bonnevile Power Administration that resulted in annual revenues of approximately $1.5 milion.
. Identified new business opportunities for the company and prepared the requisite business
plans and analysis.
Honors
. Recognized for developing Idaho Power Company's innovative "first-of-its-kind" solar energy
program that won unanimous approval from the regulatory commissions. This effort established
Idaho Power as a domestic and international leader with renewable energy technologies.
· Selected by the lEA Executive Committee to chair the Organizing Committee for the highly
acclaimed 1995 International Executive Conference on Photovoltaics (Solar Energy) sponsored by
the International Energy Agency and hosted by Idaho Power Company.
· Selected by the US Department of Energy to represent the United States on the Organizing
Committee for the 1999 International Executive Conference on Photovoltaics that was organized
under the auspices of the International Energy Agency.
Manager, Power Management 1986 to 1991
. Responsible for the management of a department consisting of 45 senior level engineers,
analysts and technical experts dealing with generation resource planning, transmission system
planning, wholesale power marketing and wholesale bilateral contract development and
administration.
· Responsible for directing all regulatory activities with the Federal Energy Regulatory
Commission dealing with wholesale power and transmission services rates, terms and conditions
and related contract approvals.
. Responsible for negotiating wholesale power contract and transmission service agreements
that generated $40MM in annual revenues and rates of return for Idaho Power exceeding the
average ROR for the company by 500 to 600 basis points.
Manager of Rates and Regulatory Affairs 1979 to 1986
· Responsible for preparing all materials required for the company's rate filings before the
Idaho, Oregon and Nevada state regulatory commissions having jurisdiction over the company, as
well as the Federal Energy Regulatory Commission.
. Developed a multi-jurisdictional cost-of-service/revenue requirements model that was
accepted by all state and federal commissions having jurisdiction over the company.
. Developed a series of innovative class cost of service and rate design models.
· Developed and directed a load research program for the company.
Wisconsin Electric Power Company 1978 to 1979
Projec Coordinator, Rate Department
I was responsible for all rate and regulatory filings before the Wisconsin and Michigan Public Utilty
Commissions and the Federal Energy Regulatory Commission. These activities included preparing
jurisdictional separation and revenue requirement studies, cost-of-service studies, rate design studies,
load research information and the testimony related to these studies as required by the commissions
3
Ex 4 PAG 3 cw 4
(
in support of retail and wholesale rate filings. I developed the first computerized cost-of-service
model for the company that was accepted by all three commissions having jurisdiction over the
company.
Southeast Colorado Power Association 1971 to 1978
General Manager
I was the Chief Operating Offcer of an electric distribution cooperative with 50 employees.
Responsible to the Board of Directors for all matters relating to the operation of the cooperative
including financial planning, marketing, budgeting, quality of service and all regulatory proceedings
before the Colorado Public Utilties Commission.
EDUCATION
Bachelor of Science - Economics, University of Mary/anCL College Park, Maryland
LANGUAGE SKILLS
Fluent in Spanish, (FSI rating of 4) and conversational in Portuguese
CONTACT INFORMATION
Larry A Crowley, President & Director
The Energy Strategies Institute, Inc.
5549 S Cliffsege Avenue
Boise, ID 83716
Phone: [phone]
Fax: [phone]
Mobile: [phone]
E-mail: crowleyla(âaol.com
4
t: 4 'AG4 01 4
Teton Springs Water & Sewer
Before The Idaho Public Utilities Commission
Exhibit No 5
Operating Income
Pro Forma at Present and Proposed Rates
12 Months Ending December 31, 2007 - Adjusted
Table No 1
Earned Rate of Return with Additional Revenue Requirements
(1)(2)(3)ROR Before Proposed ROR With
Line Additional Additional Additional-!Description Revenues Revenues Revenues
Total Water Rate Base (50,993)(50,993)
Total Operating Revenues:
2 Total Unmetered Water Revenues 198,827 99,256 298,082
3 Other Sales or Adjustments 1,970 1,970
4 Other Operating Revenues 45,200 45,200
5 Total Revenues 245,996 99,256 345,252
Total Operating Expenses:
6 Operation & Maintenance Expenses 192,210 249 192,459
7 Depreciation Expense 3,091 3,091
8 Amortization Expense 89,140 89,140
9 Taxes Other Than Income Taxes 726 726
10 Total Operating Expenses 285,166 249 285,415
11 Utility Operating Income Before Taxes (39,170)99,007 59,837
Income Taxes:
12 Federal 32,608 32,608
13 State 5,841 5,841
14 Total Operating Expenses 285,166 38,698 323,864
15 Total Operating Income (Losses) - $(39,170)60,558 21,387
Page 1 of 3
Exæm 5 PAG i Of 3
Teton Springs Water & Sewer
Before The Idaho Public Utilities Commission
Exhibit No 5
Operating Income
Pro Forma at Present and Proposed Rates
12 Months Ending December 31, 2007 - Adjusted
Table No 2
Determination of Jurisdictional Revenue Deficiency
(1)(2)(3)
Line Total Total ID COSS~Description Utility Jurisdiction Reference
Total Utility Rate Base - Adjusted $(79,289)$(50,993)Table No 1
Total Operating Revenues
2 Total Sales Revenues 434,985 198,827 Table No 5
3 Other Sales or Adjustments 3,939 1,970 Table No 5
4 Other Operating Revenues 45,200 45,200 Table No 5
5 Total Revenues 484,124 245,996
Total Operating Expenses
6 Operation & Maintenance Expenses 436,702 192,210 Table No 6
7 Depreciation Expense 61,736 3,091 Table No 7
8 Amortization Expense 89,140 89,140 Table No 7
9 Taxes Other Than Income Taxes 726 726 Table No 7
10 Total Operating Expenses 588,303 285,166
11 Utility Operating Income Before Taxes (104,179)(39,170)Income Taxes:
12 Federal Table Nos 7/8
13 State Table Nos 7/8
14 Total Operating Expenses 588,303 285,166
15 Total Operating Income (104,179)(39,170)
Revenue Deficiency & Requirements
16 Income Deficiency (Line 15)39,170
17 Operating Margin Requirements - 7.5% of Total Oper Exps 21,387
18 Total Income Deficiency 60,558
19 Net-to-Gross Multiplier 1.6390
20 Revenue Deficiency - $ (Line 18*Line 19)$99,256
21 Revenue Deficiency - % (Line 20/Line 2)49.92%
22 Total Revenue Requirements - $ (Line 5 + Line 20)345,252
23 Less Other Operating Revenues (Lines 3 + 4)47,170
24 Revenue Requirements From Water Sales $298,082
Page 2 of 3
Exæ.iS P4G201'
Teton Springs Water & Sewer
Before The Idaho Public Utilities Commission
Exhibit No 5
Operating Income
Pro Forma at Present and Proposed Rates
12 Months Ending December 31, 2007 - Adjusted
Table No 3
Water Utility Rate Base - Idaho
(1)(2)(3)
Line Total Total ID COSS.J Description Utility Jurisdiction Reference
Utility Plant in Service - Account 101:
1 Water Plant in Service - Total 3,176,409 3,176,409 Table No 1
2 Sewer Utility in Plant - Total 2,783,660 Table No 1
3 Total Utility Plant in Service 5,960,069 3,176,409
4 Net Correcting Adjustment to Utilty Plant in Service - Water 12,363 12,363 Table No 1
5 Adjusted Total Utilty Plant in Service 5,972,432 3,188,772
Less:
6 Contributions in Aid of Construction (CIAC) - 271 (5,960,069)(3,176,409)Table No 1
7 Correcting Adjustment to Contributions in Aid of Construction
8 Adjusted Total Contributions in Aid of Construction (5,960,069)(3,176,409)
9 Subtotal of Investor Owned Assets for Rate Base 12,363 12,363 Table No 1
10 Less: Accumulated Provision for Depreciation
11 Correcting Adjustment to Accumulated Provision for Depreciation 1,545 1,545 Table No 1
12 Adjusted Total Accumulated Provision for Depreciation 1,545 1,545
13 Less: Accumulated Amortization of CIAC - 272 147,785 89,140 Table No 1
14 Correcting Adjustment to Accumulated Amortization of CIAC
15 Adjusted Total Accumulated Amortization of CIAC 147,785 89,140
16 Total Accumulated Depreciation Net of Accumulated Amort of CIAC 146,240 87,595
17 Net Plant in Service (133,877)(75,232)Working Capital:
18 1/8 O&M Expenses - Water 24,238 24,238 Table No 1
19 1/8 O&M Expenses - Sewer 30,349
20 Total Utilty Rate Base (79,289)(50,993)
Page 3 of 3
Ex 5 PAG 3 or 3
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i
o
n

R
e
s
e
r
v
o
i
r
s

&

S
t
a
n
d
p
i
p
e
s

-

3
3
0
DA
36
4
,
2
5
6
36
4
,
2
5
6
36
4
,
2
5
6
16
Tr
a
n
s

&

D
i
s
t

M
a
i
n
s

&

A
c
c
e
s
s
o
r
i
e
s

-

3
3
1
DA
57
9
,
9
3
0
57
9
,
9
3
0
57
9
,
9
3
0
17
Se
r
v
i
c
e
s

-

3
3
3
DA
18
Me
t
e
r
s

&

M
e
t
e
r

I
n
s
t
a
l
l
a
t
i
o
n
s

-

3
3
4
DA
19
Hy
d
r
a
n
t
s

-

3
3
5
DA
17
9
,
9
5
6
17
9
,
9
5
6
17
9
,
9
5
6
20
Ba
c
k
f
l
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w

P
r
e
v
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n
t
i
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n

D
e
v
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c
e
s
.

3
3
6
DA
21
Ot
h
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r

P
l
a
n
t

&

M
i
s
c
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l
l
a
n
e
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u
s

E
q
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p
m
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n
t

-

3
3
9
DA
22
To
t
a
l

T
r
a
n
s
m
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s
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n

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D
i
s
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1
4
1
No
t
e
s
:
(*
)

A
m
o
r
t
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a
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l
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(*
*
)

N
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3

o
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G

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0
1

1
.
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t
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p
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g
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C
o
m
p
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Be
f
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t
h
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d
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P
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t
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De
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2

M
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n
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g

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r

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1
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2
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0
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Ex
h
i
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t

N
o

6
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)
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)
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)
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)
Li
n
e
Al
l
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c
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n
To
t
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l

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t
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Pr
o

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d
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s
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n
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t

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r
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R
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f
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r

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4
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1
Of
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3
4
0
DA
2
Tr
a
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3
4
1
DA
3
Sto
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q
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p
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n
t

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3
4
2
DA
4
To
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l
s
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p

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G
a
r
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E
q
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3
4
3
DA
5
La
b
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r
a
t
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y

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q
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n
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-

3
4
4
DA
6
Po
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p
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3
4
5
DA
7
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m
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3
4
6
DA
8
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3
4
7
DA
9
Ot
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r

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e

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-

3
4
8
DA
27
8
,
1
9
4
27
8
.
1
9
4
27
8
.
1
9
4
10
To
t
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l

G
e
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a
l

P
l
a
n
t
27
8
,
1
9
4
27
8
,
1
9
4
27
8
,
1
9
4
11
To
t
a
l

W
a
t
e
r

U
t
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l
t
y

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l
a
n
t

I
n

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r
v
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c
e
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1
7
6
,
4
0
9
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$
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6
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4
0
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6
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4
0
9
Se
w
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r

P
l
a
n
t

i
n

S
e
r
v
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c
e

(
2
)
,
12
Pr
e
s
s
u
r
e

S
e
w
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r
s
,

F
o
r
c
e

M
a
i
n
s
DA
17
9
,
4
4
6
17
9
,
4
4
6
17
9
,
4
4
6
13
Gr
a
v
i
t
y

M
a
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s
DA
90
3
,
3
8
8
90
3
,
3
8
8
90
3
,
3
8
8
14
Ma
n
h
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l
e
s
DA
55
9
,
2
6
6
55
9
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2
6
6
55
9
,
2
6
6
15
Lif
t

S
t
a
t
i
o
n
s
DA
39
8
,
7
4
4
39
8
,
7
4
4
39
8
,
7
4
4
16
Se
r
v
i
c
e

L
i
n
e
s
DA
49
7
,
9
1
5
49
7
,
9
1
5
49
7
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9
1
5
17
En
g
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DA
24
4
.
9
0
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24
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1
18
To
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a
l

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7
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$
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19
To
t
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l

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.

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9
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0
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0
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6
9
No
t
e
s
:
(1
)

P
e
r

R
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v
i
s
e
d

A
p
p
e
n
d
i
x

A

-

C
H
2
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l
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(2
)

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r

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A
p
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x

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.
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n

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t
e
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&

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r

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p
a
n
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Be
f
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e

t
h
e

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d
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o

P
u
b
l
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c

U
t
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t
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e
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C
o
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m
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n
De
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t

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f

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s
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d

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n

t
h
e

1
2

M
o
n
t
h
s

E
n
d
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n
g

D
e
c
e
m
b
e
r

3
1
,

2
0
0
7
Ex
h
i
b
i
t

N
o

6
(1
)
(2
)
(3
)
(4
)
(5
)
(6
)
Lin
e
All
o
c
a
t
i
o
n
To
t
a
i

U
t
i
l
i
t
y
Pr
o

F
o
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m
a
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s
t

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e
a
r
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r
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g
u
l
a
t
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d
Re
g
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l
a
t
e
d
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De
s
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r
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n
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A
c
c
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u
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t

N
o
Fa
c
t
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r
/
R
e
f
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r

B
o
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k
s
Ad
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t
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r

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l
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t

-

A
c
c
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t
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d

P
r
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v
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s
i
o
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(
1
)

:
In
t
a
n
g
i
b
l
e

P
l
a
n
t

-

3
0
1
/
3
0
3
1
Or
g
a
n
i
z
a
t
i
o
n

-

3
0
1
2
Fr
a
n
c
h
i
s
e
s

&

C
o
n
s
e
n
t
s

-

3
0
2
3
La
n
d

&

l
a
n
d

R
i
g
h
t
s

-

3
0
3
4
To
t
a
l

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n
t
a
n
g
i
b
l
e

P
l
a
n
t
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p
p
l
y

&

T
r
e
a
t
m
e
n
t

-

3
0
4
/
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2
0
5
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r
u
c
t
u
r
e
s

&

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m
p
r
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v
e
m
e
n
t
s

-

3
0
4
DA
26
2
26
2
26
2
6
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l
l
e
c
t
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g

&

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m
p
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u
n
d
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n
g

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s
e
r
v
o
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r
s

-

3
0
5
DA
7
La
k
e
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R
i
v
e
r

&

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t
h
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r

I
n
t
a
k
e
s

-

3
0
6
DA
8
We
l
l
s

-

3
0
7
DA
23
,
4
5
4
23
,
4
5
4
23
,
4
5
4
9
In
f
i
l
t
r
a
t
i
o
n

G
a
l
l
e
r
i
e
s

&

T
u
n
n
e
l
s

-

3
0
E
DA
10
Su
p
p
l
y

M
a
i
n
s

-

3
0
9
DA
22
7
,
9
3
3
22
7
,
9
3
3
22
7
,
9
3
3
11
Po
w
e
r

G
e
n
e
r
a
t
i
o
n

E
q
u
i
p
m
e
n
t

-

3
1
0
DA
12
Po
w
e
r

P
u
m
p
i
n
g

E
q
u
i
p
m
e
n
t

-

3
1
1
DA
4,
2
1
7
4,
2
1
7
4,
2
1
7
13
Pu
r
i
f
i
c
a
t
i
o
n

S
y
s
t
e
m
s

-

3
2
0
DA
14
To
t
a
l

S
u
p
p
l
y

&

T
r
e
a
t
m
e
n
t

P
i
a
n
t
25
5
,
8
6
6
25
5
,
8
6
6
25
5
,
8
6
6
Tr
a
n
s
p
o
r
t
t
i
o
n

&

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i
s
t
r
i
b
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t
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o
n

P
l
a
n
t

-

3
3
0
/
3
3
9
15
Dis
t
r
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b
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t
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o
n

R
e
s
e
r
v
o
i
r
s

&

S
t
a
n
d
p
i
p
e
s

-

3
3
0
DA
36
,
0
5
8
36
,
0
5
8
36
,
0
5
8
16
Tr
a
n
s

&

D
i
s
t

M
a
i
n
s

&

A
c
c
e
s
s
o
r
i
e
s

-

3
3
1
DA
58
,
9
6
4
58
,
9
6
4
58
,
9
6
4
17
Se
r
v
i
c
e
s

-

3
3
3
DA
18
Me
t
e
r
s

&

M
e
t
e
r

I
n
s
t
a
l
l
a
t
i
o
n
s

-

3
3
4
DA
19
Hy
d
r
a
n
t
s

-

3
3
5
DA
18
,
2
7
7
18
,
2
7
7
18
,
2
7
7
20
Ba
c
k
f
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w

P
r
e
v
e
n
t
i
o
n

D
e
v
i
c
e
s

-

3
3
6
DA
21
Ot
h
e
r

P
l
a
n
t

&

M
i
s
c
e
l
l
a
n
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o
u
s

E
q
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p
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t

-

3
3
9
DA
22
To
t
a
l

T
r
a
n
s
m
i
s
s
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o
n

&

D
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b
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t
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o
n

P
l
a
n
t
11
3
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2
9
9
11
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2
9
9
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g
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f

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8
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l
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Be
f
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t
h
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d
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u
b
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C
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De
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1
,

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0
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h
i
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t

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6
(1
)
(2
)
(3
)
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)
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)
(6
)
Li
n
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Al
l
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t
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n
To
t
a
l

U
t
i
l
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Pr
o

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m
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s
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Y
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r
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g
u
l
a
t
e
d
Re
g
u
l
a
t
e
d
~
De
s
c
r
i
p
t
i
o
n
/
A
c
c
o
u
n
t

N
o
Fa
c
t
o
r
/
R
e
f
Pe
r

B
o
o
k
s
Ad
j
u
s
t
m
e
n
t
s
Ad
j
u
s
t
e
d
Se
w
e
r
Wa
t
e
r
Ge
n
e
r
a
l

P
l
a
n
t

-

3
4
0
/
3
4
8
1
Of
f
c
e

F
u
r
n
i
t
u
r
e

&

E
q
u
i
p
m
e
n
t

-

3
4
0
2
Tr
a
n
s
p
o
r
t
a
t
i
o
n

E
q
u
i
p
m
e
n
t

-

3
4
1
3
Sto
r
e
s

E
q
u
i
p
m
e
n
t

-

3
4
2
4
To
o
l
s
,

S
h
o
p

&

G
a
r
a
g
e

E
q
u
i
p
m
e
n
t

-

3
4
3
5
La
b
o
r
a
t
o
r
y

E
q
u
i
p
m
e
n
t

-

3
4
4
6
Po
w
e
r

O
p
e
r
a
t
e
d

E
q
u
i
p
m
e
n
t

-

3
4
5
7
Co
m
m
u
n
i
c
a
t
i
o
n
s

E
q
u
i
p
m
e
n
t

-

3
4
6
8
Mi
s
c
e
l
l
a
n
e
o
u
s

E
q
u
i
p
m
e
n
t

-

3
4
7
9
Ot
h
e
r

I
n
t
a
n
g
i
b
l
e

E
q
u
i
p
m
e
n
t

-

3
4
8
10
To
t
a
l

G
e
n
e
r
a
l

P
l
a
n
t
11
To
t
a
i

A
c
c
u
m
u
l
a
t
e
d

P
r
o
v
i
s
i
o
n

f
o
r

D
e
p
r
e
c
i
a
t
i
o
n

-

W
a
t
e
r
36
9
,
1
6
5
36
9
,
1
6
5
36
9
,
1
6
5
Se
w
e
r

P
l
a
n
t

i
n

S
e
r
v
i
c
e

(
2
)
:
12
Pr
e
s
s
u
r
e

S
e
w
e
r
s
,

F
o
r
c
e

M
a
i
n
s
DA
20
,
8
9
4
20
,
8
9
4
20
,
8
9
4
13
Gr
a
v
i
t
y

M
a
i
n
s
DA
11
4
,
7
8
7
11
4
,
7
8
7
11
4
,
7
8
7
14
Ma
n
h
o
l
e
s
DA
52
,
1
9
6
52
,
1
9
6
52
,
1
9
6
15
Lif
t

S
t
a
t
i
o
n
s
DA
33
,
8
4
4
33
,
8
4
4
33
,
8
4
4
16
Se
r
v
i
c
e

L
i
n
e
s
DA
56
,
1
0
7
56
,
1
0
7
56
,
1
0
7
17
En
g
i
n
e
e
r
i
n
g

S
e
r
v
i
c
e
s
DA
18
To
t
a
l

A
c
c
u
m
u
l
a
t
e
d

P
r
o
v
i
s
i
o
n

f
o
r

D
e
p
r
e
c
i
a
t
i
o
n

-

S
e
w
e
r
27
7
,
8
2
8
27
7
,
8
2
8
27
7
,
8
2
8
19
To
t
a
l

U
t
i
l
t
y

A
c
c
u
m
u
l
a
t
e
d

P
r
o
v
i
s
i
o
n

f
o
r

D
e
p
r
e
c
i
a
t
i
o
n
64
6
,
9
9
3
64
6
,
9
9
3
No
t
e
s
:
(1
)

P
e
r

R
e
v
i
s
e
d

A
p
p
e
n
d
i
x

A

-

C
H
2
M
H
i
l
l
(2
)

P
e
r

R
e
v
i
s
e
d

A
p
p
e
n
d
i
x

B

-

C
H
2
M
H
i
l
i
Pa
g
e

6

o
f

1
0
EX
H
I
M
T
'
PA
G
E

'
O
t

1
.
Te
t
o
n

S
p
r
i
n
g
s

W
a
t
e
r

&

S
e
w
e
r

C
o
m
p
a
n
y
Be
f
o
r
e

t
h
e

I
d
a
h
o

P
u
b
l
i
c

U
t
i
l
t
i
e
s

C
o
m
m
i
s
s
i
o
n
De
v
e
l
o
p
m
e
n
t

o
f

R
e
v
e
n
u
e

R
e
q
u
i
r
e
m
e
n
t
s
Ba
s
e
d

o
n

t
h
e

1
2

M
o
n
t
h
s

E
n
d
i
n
g

D
e
c
e
m
b
e
r

3
1
,

2
0
0
7
Ex
h
i
b
i
t

N
o

6
(1
)
(2
)
(3
)
(4
)
(5
)
(6
)
Un
e
Al
l
o
c
a
t
i
o
n
To
t
a
l

U
t
i
l
i
t
y
Pr
o

F
o
r
m
a
Te
s
t

Y
e
a
r
Un
r
e
g
u
l
a
t
e
d
Re
g
u
l
a
t
e
d
--
De
s
c
r
i
p
t
i
o
n
/
A
c
c
o
u
n
t

N
o
Fa
c
t
o
r
/
R
e
f
Pe
r

B
o
o
k
s
Ad
j
u
s
t
m
e
n
t
s
Ad
j
u
s
t
e
d
Se
w
e
r
Wa
t
e
r
Wa
t
e
r

R
e
v
e
n
u
e
s

-

4
6
0
/
4
7
4
Un

me
t
e
r
e
d

W
a
t
e
r

R
e
v
e
n
u
e

-

4
6
0
1
Sa
l
e
s

t
o

R
e
s
i
d
e
n
t
i
a
l

C
u
s
t
o
m
e
r
s

-

4
6
0
,
1
Dir
e
c
t

A
s
s
i
g
n
17
0
,
4
0
0
15
,
8
4
0
18
6
,
2
4
0
18
6
,
2
4
0
2
Sa
l
e
s

t
o

C
o
m
m
e
r
c
i
a
l

C
u
s
t
o
m
e
r
s

-

4
6
0
,
2
Dir
e
c
t

A
s
s
i
g
n
4,8
0
0
4,
8
0
0
4,8
0
0
3
Sa
l
e
s

t
o

I
n
d
u
s
t
r
i
a
l

C
u
s
t
o
m
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r
s

-

4
6
0
.
3
4
Sa
l
e
s

t
o

P
u
b
l
i
c

A
u
t
h
o
r
i
t
i
e
s

-

4
6
0
-
4
5
Sa
l
e
s

t
o

M
u
l
t
i
p
l
e

F
a
m
i
l
y

D
w
e
l
l
i
n
g
s

-

4
6
0
.
5
Dir
e
c
t

A
s
s
i
g
n
7,7
8
7
7,
7
8
7
7,7
8
7
6
Ot
h
e
r

S
a
l
e
s

o
r

A
d
j
u
s
t
m
e
n
t
s

-

4
6
0
.
6
Dir
e
c
t

A
s
s
i
g
n
37
4
(3
7
4
)
7
To
t
a
l

U
n
m
e
t
e
r
e
d

W
a
t
e
r

R
e
v
e
n
u
e
s
17
5
,
5
7
4
23
,
2
5
3
19
8
,
8
2
7
19
8
,
8
2
7
Me
t
e
r
e
d

W
a
t
e
r

R
e
v
e
n
u
e

-

4
6
1
8
Sa
l
e
s

t
o

R
e
s
i
d
e
n
t
i
a
l

C
u
s
t
o
m
e
r
s

-

4
6
L
1
9
Sa
l
e
s

t
o

C
o
m
m
e
r
c
i
a
l

C
u
s
t
o
m
e
r
s

-

4
6
L
2
10
Sa
l
e
s

t
o

I
n
d
u
s
t
r
i
a
l

C
u
s
t
o
m
e
r
s

-

4
6
L
3
11
Sa
l
e
s

t
o

P
u
b
l
i
c

A
u
t
h
o
r
i
t
i
e
s

-

4
6
L
4
12
Sa
l
e
s

t
o

M
u
l
t
i
p
l
e

F
a
m
i
l
y

D
w
e
l
l
n
g
s

-

4
6
L
5
13
To
t
a
l

M
e
t
e
r
e
d

W
a
t
e
r

R
e
v
e
n
u
e
s
14
Fir
e

P
r
o
t
e
c
t
i
o
n

R
e
v
e
n
u
e

-

4
6
2
15
Sa
l
e
s

t
o

I
r
r
i
g
a
t
i
o
n

C
u
s
t
o
m
e
r
s

-

4
6
5
16
Sa
l
e
s

f
o
r

R
e
s
a
l
e

-

4
6
6
17
Gu
a
r
a
n
t
e
e
d

R
e
v
e
n
u
e
s

-

4
6
9
18
Oth
e
r

W
a
t
e
r

R
e
v
e
n
u
e
s

(
M
e
t
e
r
s
)

.

4
7
4
Di
r
e
c
t

A
s
s
i
g
n
45
,
2
0
0
45
,
2
0
0
45
,
2
0
0
19
To
t
a
l

W
a
t
e
r

R
e
v
e
n
u
e
s
22
0
,
7
7
4
23
,
2
5
3
24
4
,
0
2
7
24
4
,
0
2
7
Ot
h
e
r

O
p
e
r
a
t
i
n
g

R
e
v
e
n
u
e
s

-

4
1
9
.
1
/
2
20
Ba
n
k

I
n
t
e
r
e
s
t

I
n
c
o
m
e

-

4
1
9
.
1
SO
/
5
0
63
0
63
0
31
5
31
5
21
In
t
e
r
e
s
t
/
L
a
t
e

F
e
e

-

4
1
9
,
2
SO
/
5
0
3,3
0
9
3,
3
0
9
1,
6
5
4
1,6
5
4
Se
w
e
r

R
e
v
e
n
u
e
s
22
Se
w
e
r

A
c
t
i
v
e

F
e
e
Dir
e
c
t

A
s
s
i
g
n
88
,
5
6
9
88
,
5
6
9
88
,
5
6
9
23
St
a
n
d
b
y

S
e
w
e
r

C
h
a
r
g
e
s
Dir
e
c
t

A
s
s
i
g
n
14
7
,
5
8
9
14
7
,
5
8
9
14
7
,
5
8
9
24
Ot
h
e
r

S
e
w
e
r

R
e
v
e
n
u
e
s
Dir
e
c
t

A
s
s
i
g
n
25
To
t
a
l

S
e
w
e
r

R
e
v
e
n
u
e
s
23
6
,
1
5
8
23
6
,
1
5
8
23
6
,
1
5
8
26
To
t
a
l

U
t
i
l
t
y

R
e
v
e
n
u
e
s
46
0
,
8
7
1
23
,
2
5
3
48
4
,
1
2
4
23
8
,
1
2
8
24
5
,
9
9
6
Pa
g
e

7

o
f

1
0
Ex
l
l
6
PA
C

7

0
1

i
.
Te
t
o
n

S
p
r
i
n
g
s

W
a
t
e
r

&

S
e
w
e
r

C
o
m
p
a
n
y
Be
f
o
r
e

t
h
e

I
d
a
h
o

P
u
b
l
i
c

U
t
i
l
i
t
i
e
s

C
o
m
m
i
s
s
i
o
n
De
v
e
l
o
p
m
e
n
t

o
f

R
e
v
e
n
u
e

R
e
q
u
i
r
e
m
e
n
t
s
Ba
s
e
d

o
n

t
h
e

1
2

M
o
n
t
h
s

E
n
d
i
n
g

D
e
c
e
m
b
e
r

3
1
,

2
0
0
7
Ex
h
i
b
i
t

N
o

6
(1
)
(2
)
(3
)
(4
)
(5
)
(6
)
Li
n
e
Ac
c
o
u
n
t
All
o
c
a
t
i
o
n
To
t
a
l

U
t
i
l
i
t
y
Pr
o

F
o
r
m
a
Te
s
t

Y
e
a
r
Un
r
e
g
u
l
a
t
e
d
Re
g
u
l
a
t
e
d
~
De
s
c
r
i
p
t
i
o
n
/
A
c
c
o
u
n
t

N
o
--
Fa
c
t
o
r
/
R
e
f
Pe
r

B
o
o
k
s
Ad
j
u
s
t
m
e
n
t
s
Ad
j
u
s
t
e
d
Se
w
e
r
Wa
t
e
r
Op
e
r
a
t
i
n
g

E
x
p
e
n
s
e
s

-

W
a
t
e
r
:
1
La
b
o
r

-

O
p
e
r
a
t
i
o
n

&

M
a
i
n
t
e
n
a
n
c
e
60
1
.
1
-
6
35
,
9
8
2
35
,
9
8
2
35
,
9
8
2
2
La
b
o
r

-

C
u
s
t
o
m
e
r

A
c
c
o
u
n
t
s
60
1
.
7
3
La
b
o
r

-

A
d
m
i
n
i
s
t
r
a
t
i
v
e

&

G
e
n
e
r
a
l
60
1
.
8
4
Sa
l
a
r
i
e
s

-

O
f
f
c
e
r
s

&

D
i
r
e
c
t
o
r
s
60
3
5
Em
p
l
o
y
e
e

P
e
n
s
i
o
n
s

&

B
e
n
e
f
i
t
s
60
4
6
Pu
r
c
h
a
s
e
d

W
a
t
e
r
61
0
7
Pu
r
c
h
a
s
e
d

P
o
w
e
r
61
5
8,
8
7
2
8,8
7
2
8,
8
7
2
8
Fu
e
l

f
o
r

P
o
w
e
r

P
r
o
d
u
c
t
i
o
n
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H
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G

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l
I
Teton Springs Water & Sewer Company
Before the Idaho Public Utilities Commission
Adjustments to Operating Results
For the 12 Months Ending December 31, 2007
Exhibit No 7
Page 2
Adjustment No 1
Line
No Description Amount
1 Adjust Management Fees:
To annualize the increase in management fees
and expenses for the test year.
2 Actual expenses incurred January 1 to $24,000
December 31, 2007.
3 Add annual increase for TV 2007 6,000
4 Total Annualized Expenses $30,000
5 Adjustment for TV 2007 $6,000
ExHI..7 PAG2...
~
Teton Springs Water & Sewer Company
Before the Idaho Public Utilities Commission
Adjustments to Operating Results
For the 12 Months Ending December 31, 2007
Exhibit No 7
Page 3
Adjustment No 2
Line
No Description Amount
1 Adjust Billing Software Expense:
To remove the nonrecurring expenses
associated with the acquisition of billing software.
2 Actual expenses incurred January 1 to $4,785
December 31, 2007.
3 Less nonrecurring expenses for TV 2007 3,785
4 Total Recurring Annualized Expenses $1,000
5 Adjustment for TV 2007 $(3,785)
Exll1 PAG 3 Of i.
.
Teton Springs Water & Sewer Company
Before the Idaho Public Utilities Commission
Adjustments to Operating Results
For the 12 Months Ending December 31, 2007
Exhibit No 7
Page 4
Adjustment No 3
Line
No Description Amount
1 Adjust Chemical (Chlorine) Expenses:$1,768
To normalize chemical expenses using
test year usage at current prices and
annualized number of customers and usage.
2 Gallons treated from mid-July to December 2,674,000
3 Actual cost per 1000 gallons $0.66
4 Annualized gallons - test period CY 2007 5,611,000
(Actual treated gallons amounts to 47.66%
of the annual amount to be treated)
5 Annualized gallons - test period 9,314,260
(CY2007 adjusted for growth of newcustomers and usage based on the 1st
four months of 2008 - see notes below)
6 Annualized cost - Line 5 * Line 3 $6,158
7 Adjustment - Line 6 - Line 1 $4,390
Note: (January-April growth of 66% from 2007):
CY 2008
554,000
768,000
521,000
684,000
2,527,000
CY 2007
296,000
394,000
338,000
493,000
1,521,000
Percent change CY 2008 over CY 2007 66.14%
EXHIwr 7 PAC.. or i.
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EX
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B
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7
P~
5
O
F
l
'
Teton Springs Water & Sewer Company
Before the Idaho Public Utilities Commission
Adjustments to Operating Results
For the 12 Months Ending December 31, 2007
Exhibit No 7
Page 6
Adjustment No 5
Line
No Description Amount
1 Adjust Lab Sampling Expenses:
To annualize Lab Sampling experises for the
test year.
2 Actual expenses incurred from March to $2,290
December 31, 2007.
3 Add expenses for January and February, 2007 40
4 Total Annualized Expenses $2,330
5 Adjustment for CY 2007 $40
EXH.. 7 PAG l 01 i.
..
Teton Springs Water & Sewer Company
Before the Idaho Public Utilities Commission
Adjustments to Operating Results
For the 12 Months Ending December 31, 2007
Exhibit No 7
Page 7
(*) Per IPUC Order No 30537, Case No F-2008-1
EXHIBI 7 PAG 7 Of i.
..
Teton Springs Water & Sewer Company
Before the Idaho Public Utilities Commission
Adjustments to Operating Results
For the 12 Months Ending December 31, 2007
Exhibit No 7
Page 8
Adjustment No 7
Line
No Description Amount
1 Adjust Rate Case Expense Amortization:
To amortize over three years the projected
level of deferred rate case expenses.
(a) Consulting Fees 25,000
(b) Legal Fees 10,000
Total 35,000
2 Actual expenses incurred CY 2007.$
Details:
3 Estimated deferred rate case expenses $35,000
4 Amortization period - Years 3
5 Pro Forma Rate Case Expense Amortization $11,667
6 Test Year Actual Expense - Line 2 $
7 Adjustment - Line 5 - Line 6 $11,667
EXi'" '1 PAG' ~ l'
..
Teton Springs Water & Sewer Company
Before the Idaho Public Utilities Commission
Adjustments to Operating Results
For the 12 Months Ending December 31, 2007
Adjustment No 8 - Table 1
Line
No Description Amount
1 Adjust Depreciation/Amortization Expense:
To adjust the test year level of depreciation
and/or amortiztion expense to the proforma
level based on plant in service, CIAC and
customer advances.
2 Actual expenses incurred CY 2007.$
Details:
3 Pro forma depreciation/amortization expense
for the test year 2007 - per Table No 2.
4 Pro Forma Depreciation/Amortization Expense 89,140
5 Test Year Expense - Line 2 $
6 Adjustment - Line 4 - Line 5 $89,140
Exhibit No 7
Page 9
EXHIIl 7 PAG' Of i.
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4
EX
H
l
a
r

7

P
A
G

i
.

O
F
i.
-,
..
Teton Springs Water & Sewer Company
Before The Idaho Public Utilities Commission
Net-to-Gross Multiplier for the Idaho Retail Jurisdiction
12 Months Ending December 31, 2007
Exhibit No 8
Idaho Jurisdiction
Line
No
1
2
3
4
5
6
7
8
9
10
11
12
Description
Income Before Income Taxes
Less Uncollectable Accounts Adjustment
Less IPUC Assessment Fees (*)
Net Revenues
State Income Tax Rate
State Income Taxes (Line 4 x Line 5)
Federal Tax Base (Line 4-6)
Times Federal Income Tax Rate
Federal Income Tax Rate-Effective (Line 7 x Line 8)
Net Operating Income Factor (line 7-Line 9)
Gross Revenue Conversion Factor (Line 1jLine 8)
Combined Tax Rate for ID (Line 6 + Line 9)
Amounts
100.00%
0.00%
0.250700%
99.749%
5.90%
5.8852%
93.86%
35.00%
32.85%
61.01%
1.6390
38.738%
(*) Per IPUC Order No 30537, Case No F-2008-1
Exhibit No 8 (LAC-4) (2)/10 Net to Gross Mult - (LAC-4)
EXHlII . PAG i Of i
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