HomeMy WebLinkAbout20100303min.docIDAHO PUBLIC UTILITIES COMMISSION
MINUTES OF DECISION MEETING
March 3, 2010 – 1:30 P.M.
In attendance were Commissioners Jim Kempton, Marsha Smith and Mack Redford.
Commissioner Kempton called the meeting to order. The first order of business was approval of MINUTES FROM PREVIOUS MEETING on February 22nd, 2010. A vote was taken to approve the minutes as written.
The second order of business was approval of the CONSENT AGENDA:
2. Gerry Galinato's March 1, 2010 Decision Memorandum re: Compliance Filing - Tariff, Case No. BCS-W-09-02. 3. Grace Seaman's February 23, 2010 Decision Memorandum re: Citizen's 2009 Broadband Equipment Tax Credit Application, Case No. CTC-T-10-01. 4. Grace Seaman's February 25, 2010 Decision Memorandum re: Qwest's Application for Approval of an Amendment to the Interconnection Agreement, Case No. USW-T-00-21. 5. Scott Woodbury's February 25, 2010 Decision Memorandum re: Schedule 191 -- Energy Efficiency Rider Adjustment, Case No. AVU-G-10-02 (Avista). 6. Terri Carlock's March 1, 2010 Decision Memorandum re: PacifiCorp's Shelf Authority Request of $2 Billion Debt, Case No. PAC-E-10-02.
The Commission voted unanimously to accept Staff’s recommendations and approve items 2 – 5.
Regarding item 6, Ms. Carlock confirmed that the request is new money and explained that approximately $600 million of it will be utilized for refunding debts that are coming due. There was no further discussion and the Commission voted unanimously to approve the $2 billion shelf authority for the debt; and approve the authority with the existing terms and conditions including maintaining the investment grade rating, continuing the additional reporting requirements, notifying the Commission when a special purpose entities (SPE) will be utilized and providing the anticipated details of the transaction, and meeting the all-in cost test commitment for foreign transactions.
The next order of business was FULLY SUBMITTED MATTERS:
7. Deliberation re: Falls Water Company's Application to Increase Its Basic Rates and Charges, Case No. FLS-W-09-01. [No Memo. Kristine Sasser, Attorney.] 8. Deliberation re: United Water Idaho's Application for Authority to Increase Its Rates and Charges, Settlement Stipulation, Case No. UWI-W-09-01. [No Memo. Weldon Stutzman and Kristine Sasser, Attorneys.]
Commissioner Kempton stated that items 7 and 8 would be deliberated privately upon adjournment of the meeting.
There was no further business and Commissioner Kempton adjourned the meeting.
DATED this ______ day of March, 2010.
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COMMISSION SECRETARY
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