HomeMy WebLinkAbout20101208IPC to Staff 20.pdfLISA D. NORDSTROM
Lead Counsel
e:IDA~POR~
An IDACORP Company
December 7,2010
VIA HAND DELIVERY
Jean D. Jewell, Secretary
Idaho Public Utilties Commission .
472 West Washington Street
P.O. Box 83720
Boise, Idaho 83720-0074
Re: Case No. IPC-E-10-25
IN THE MATTER OF THE APPLICATION OF IDAHO POWER COMPANY
FOR ACCEPTANCE OF ITS 2011 RETIREMENT BENEFITS PACKAGE
Dear Ms. Jewell:
Enclosed for filing please find an original and three (3) copies of Idaho Power
Company's Supplemental Response to the Commission Staffs Production Request No. 20
to Idaho Power Company in the above matter.
Very truly yours,~f).'1~
lisa D. Nordstrom
LDN:csb
Enclosures
1221 W. Idaho St. (83702)
P.O. Box 70
Boise, 10 83707
LISA D. NORDSTROM (ISB No. 5733)
DONOVAN E. WALKER (ISB No. 5921)
Idaho Power Company
P.O. Box 70
Boise, Idaho 83707
Telephone: (208) 388-5825
Facsimile: (208) 388-6936
InordstromCëidahopower.com
dwalkerCëidahopower.com
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zûin DEC - 7 Pl1~: 46
Attorneys for Idaho Power Company
Street Address for Express Mail:
1221 West Idaho Street
Boise, Idaho 83702
BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION
IN THE MATTER OF THE APPLICATION )
OF IDAHO POWER COMPANY FOR )
ACCEPTANCE OF ITS 2011 )
RETIREMENT BENEFITS PACKAGE. )
)
)
)
)
)
CASE NO. IPC-E-10-25
IDAHO POWER COMPANY'S
SUPPLEMENTAL RESPONSE TO
THE COMMISSION STAFF'S
PRODUCTION REQUEST NO. 20
TO IDAHO POWER COMPANY
COMES NOW, Idaho Power Company ("Idaho Powet' or "Company"), and in
supplemental response to the Commission Staffs Production Request No. 20 to Idaho
Power Company dated November 4, 2010, herewith submits the following information:
IDAHO POWER COMPANY'S SUPPLEMENTAL RESPONSE TO THE
COMMISSION STAFF'S PRODUCTION REQUEST NO. 20 TO IDAHO POWER COMPANY - 1
REQUEST NO. 20: Please provide a list of all studies or analyses completed
relating to the retirement benefits package review. Also provide a copy of each
study/analysis or identify the Production Request Response where it has been provided.
SUPPLEMENTAL RESPONSE TO REQUEST NO. 20: Please see the attached
Millman letter dated November 17,2010. This letter should have been produced with
the "Annual Retirement Benefits Review Summary" provided in the Company's initial
response. The Company apologizes for this oversight.
The response to this Request was prepared by Sharon Gerschultz, Director of
Compensation and Benefits, Idaho Power Company, in consultation with lisa D.
Nordstrom, Lead Counsel, Idaho Power Company.
DATED at Boise, Idaho, this ih day of December 2010.
~~l)~
Lí D. NORDTRõ
Attorney for Idatio Power Company
IDAHO POWER COMPANY'S SUPPLEMENTAL RESPONSE TO THE
COMMISSION STAFF'S PRODUCTION REQUEST NO. 20 TO IDAHO POWER COMPANY - 2
CERTIFICATE OF SERVICE
I HEREBY CERTIFY that on this 7th day of December 2010 I served a true and
correct copy of IDAHO POWER COMPANY'S SUPPLEMENTAL RESPONSE TO THE
COMMISSION STAFF'S PRODUCTION REQUEST NO. 20 TO IDAHO POWER
COMPANY upon the following named parties by the method indicated below, and
addressed to the following:
Commission Staff
Weldon B. Stutzman
Deputy Attorney General
Idaho Public Utilties Commission
472 West Washington
P.O. Box 83720
Boise, Idaho 83720-0074
-l Hand Delivered
U.S. Mail
_ Overnight Mail
FAX
-l Email Weldon.StutzmanCëpuc.idaho.gov
Industrial Customers of Idaho Power
Peter J. Richardson
Gregory M. Adams
RICHARDSON & O'LEARY, PLLC
515 North 27th Street
P.O. Box 7218
Boise, Idaho 83702
Hand Delivered
-l U.S. Mail
_ Overnight Mail
FAX
-l Email peterCërichardsonandoleary.com
gregayrichardsonandoleary.com
Dr. Don Reading
Ben Johnson Associates
6070 Hil Road
Boise, Idaho 83703
Hand Delivered
-l U.S. Mail
_ Overnight Mail
FAX
-l Email dreadingaymindspring.com
&Q~
iS NordstrÕ L
IDAHO POWER COMPANY'S SUPPLEMENTAL RESPONSE TO THE
COMMISSION STAFF'S PRODUCTION REQUEST NO. 20 TO IDAHO POWER COMPANY - 3
BEFORE THE
IDAHO PUBLIC UTiliTIES COMMISSION
CASE NO. IPC-E-10-25
IDAHO POWER COMPANY
SUPPLEMENTAL RESPONSE TO STAFF'S
PRODUCTION REQUEST NO. 20
Milliman
November 17, 2010
950 W. Bannock Street
Suite 510
Boise. 10 83702
USA
Tel +1 2083423485
Fax +1 208 342 5667
miliman.com
Idaho Public Utilities Commission
472 W. Washington Street
Boise, ID 83702
Re: Millman, Inc. Analysis for Idaho Power Company Benefits Review
Dear Sir or Madam:
As part of Idaho Power Company's 2010 annual benefits review process, they requested
that Millman model a cash balance plan design as a retirement program alternative. The
results of Milliman's analysis were provided from Millman to Idaho Power in July, 2010.
This information is referred to as Millman's Report. Miliman's Report was prepared for the
use of, and only to be relied upon by, Idaho Power Company and its management. The
Miliman Report was not to be released to any third party without Millman's consent.
The Miliman Report has been provided to the Idaho Public Utilities Commission as part of a
pension filing. Miliman consents to the release of its Report to the Idaho Public Utilities
Commission under the following conditions:
1. The Idaho Public Utilities Commission understands the Millman Report was prepared
for Idaho Power Company and its management, and not for any other party. As such,
Miliman makes no representation or warranties as to the accuracy or completeness of
the Miliman Report to any third party including the Idaho Public Utilities Commission.
2. The Idaho Public Utilities Commission acknowledges the Miliman Report is a complex,
technical analysis, and that Milliman recommends the Idaho Public Utilities Commission
be aided by its own actuary when reviewing the Millman Report.
3. Any distribution of the Miliman Report to third parties wil be in its entirety including the
Millman methodology page.
If you have any questions regarding the above, please contact me at 208-342-3487.
Sincerely,~
Robert L. Schmidt, F.S.A., M.A.A.A., E.A.
Principal and Consulting Actuary
RLS/pap
B2010.lPC17.doc
1191PC 19/ RLSIpap
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