HomeMy WebLinkAbout20061016min.docIDAHO PUBLIC UTILITIES COMMISSION
MINUTES OF DECISION MEETING
October 16, 2006 – 1:30 P.M.
In attendance were Commissioners Paul Kjellander, Marsha Smith and Dennis Hansen.
Commissioner Kjellander called the meeting to order. The first order of business was approval of MINUTES FROM THE PREVIOUS MEETINGS on September 25, 2006 and October 2, 2006. Commissioner Kjellander moved for approval of the minutes. A vote was taken on the motion and it carried unanimously.
The second order of business was approval of the CONSENT AGENDA, items 2 - 9. Regarding item 5, Commissioner Smith asked when the staff anticipates completing its report. Bev Barker said there is no specific date yet, but they are hoping to have some idea by the end of the year.
There was no further discussion. Commissioner Kjellander made a motion to approve the Consent Agenda. A vote was taken on the motion and it carried unanimously.
The next order of business was MATTERS IN PROGRESS:
Cecelia Gassner’s October 12, 2006 Decision Memorandum re: In the Matter of Inland Cellular’s Petition for Designation as an Eligible Telecommunications Carrier, Case No. INC-T-06-22.
Ms. Gassner reviewed her Decision Memo. There was no discussion. Commissioner Hansen made a motion to approve staff’s recommendation to proceed with modified procedure and approve the 30-day comment period and intervention deadline of October 30, 2006. A vote was taken on the motion and it carried unanimously.
McKeown & Carlock’s October 11, 2006 Decision Memorandum re: Avista’s Application for Authority to Offer up to $150 Million in Debt Securities, Case No. AVU-U-06-2.
Mr. McKeown reviewed his Decision Memo. He said staff recommends the approval of the issuance of $150 million in debt securities; however, staff believes the purpose of the use of proceeds is much too broad and staff objects to the use of proceeds to issue stock dividends. He said staff recommends looking into this practice further at the end of the year when Avista files its annual report. Commissioner Smith asked if staff is recommending approval but prohibiting the use for the issuance of stock dividends. Mr. McKeown said that after they have further discussion with Avista, and after Avista can provide the Commission with the history of the percentage of the debt it used to pay stock dividends, then the determination could be made as to whether or not Avista should be allowed to continue this practice. Commissioner Smith commented that in terms of timing, if it’s approved before meeting with the company, she didn’t see how we could go back.
Commissioner Kjellander motioned to accept staff’s recommendations. A vote was taken on the motion and it carried unanimously.
Terri Carlock’s October 12, 2002 Decision Memorandum re: Eagle Water Company’s Surcharge Update, Case No. EAG-W-05-2.
Terri Carlock reviewed her Decision Memo. There was no discussion. Commissioner Smith motioned to approve staff’s recommendation. A vote was taken on the motion and it carried unanimously.
Commissioner Kjellander stated that items 10-12 under the category of FULLY SUBMITTED MATTERS would be deliberated privately. He then adjourned the meeting.
DATED this _______ day of October, 2006.
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ASSISTANT COMMISSION SECRETARY
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