20110331IPC to Staff 38-42.pdf

esIDA~POR~
LISA D. NORDSTROM
Lead Counsel
Inordstromtmidahopower.com
An IDACORP Company
March 31, 2011
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 APPLICA TlON 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 Response to the Fourth Production Request of the Commission Staff to Idaho
Power Company in the above matter. Also enclosed are four (4) copies of a non-
confidential disk containing documents being produced in response to Staffs Request No.
40.
In addition, included in a separate envelope are an original and three (3) copies of a
confidential document that is being produced in response to Staffs Request No. 41.
Idaho Power Company requests the confidential information be handled in accordance with
the Protective Agreement executed in this matter.
Very truly yours,
~.~.7Z~~
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: [phone]
Facsimile: [phone]
Inordstrom~idahopower.com
dwalker~idahopower.com
RECEIVED
zon MAR 3' PM q: 08
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
RESPONSE TO THE FOURTH
PRODUCTION REQUEST OF THE
COMMISSION STAFF TO IDAHO
POWER COMPANY
COMES NOW, Idaho Power Company ("Idaho Powet' or "Company"), and in
response to the Fourth Production Request of the Commission Staff to Idaho Power
Company dated March 17, 2011, herewith submits the following information:
IDAHO POWER COMPANY'S RESPONSE TO THE FOURTH PRODUCTION
REQUEST OF THE COMMISSION STAFF TO IDAHO POWER COMPANY - 1
REQUEST NO. 38: Please explain why projected contributions were only
calculated for a 9-year period in the Supplemental Report and not a longer time period.
RESPONSE TO REQUEST NO. 38: The model that the actuary utilzes does
not currently generate actuarial projections, including contribution projections beyond
ten years. The most recent formal actuarial valuation for Idaho Power's pension plan is
the 2010 valuation; thus the Company has projections for the ten-year period 2010-
2019. Since 2010 now represents an historical number, the Company ilustrated
forward projections for the future nine-year period 2011-2019.
The response to this Request was prepared by Ron Meyers, Pension and
Investment Administrator, Idaho Power Company, in consultation with Lisa D.
Nordstrom, Lead Counsel, Idaho Power Company.
IDAHO POWER COMPANY'S RESPONSE TO THE FOURTH PRODUCTION
REQUEST OF THE COMMISSION STAFF TO IDAHO POWER COMPANY - 2
REQUEST NO. 39: Please provide complete company census data for 2010
including employee identification, date of birth, date of hire, date of termination, date of
re-hire, date of re-termination, wages paid (inclusive of bonuses), 401 (k) deferrals, and
401 (m) matching contributions for each employee who received wages from Idaho
Power or IdaCorp during 2010. Please provide this information in Excel format.
RESPONSE TO REQUEST NO. 39: Idaho Power objects to providing this highly
confidential employee-specific information in the manner and format requested.
The response to this Request was prepared by Lisa D. Nordstrom, Lead
Counsel, Idaho Power Company.
IDAHO POWER COMPANY'S RESPONSE TO THE FOURTH PRODUCTION
REQUEST OF THE COMMISSION STAFF TO IDAHO POWER COMPANY - 3
REQUEST NO. 40: Please provide all information provided to Millman, Inc.
during 2010, including but not limited to, the requested information listed in the previous
question.
RESPONSE TO REQUEST NO. 40: Please see the enclosed disk which
includes the information provided by Idaho Power to Millman, Inc., during 2010 and
2011 for the completion of actuarial reports and analyses relating to the pension plan.
The e-mail sent by Ron Meyers on January 27, 2011, included an Excel file, which is
also being provided electronically. Please note that the Company is excluding from its
response information provided to Miliman, Inc., relating to other plans, such as medical,
dental, or long-term disabilty benefits. Additionally, Idaho Power provided participant-
specific information including demographic-, employment-, benefit-, and compensation-
related data for current and former employees; long-term disability recipients; and
former spouses eligible for benefits under Qualified Domestic Relations Orders.
However, Idaho Power objects to providing that information for the same reasons as
identified in the Company's response to Staffs Request No. 39.
The response to this Request was prepared by Matt Holmquist, SEC Accountant
II, Idaho Power Company, in consultation with Lisa D. Nordstrom, Lead Counsel, Idaho
Power Company.
IDAHO POWER COMPANY'S RESPONSE TO THE FOURTH PRODUCTION
REQUEST OF THE COMMISSION STAFF TO IDAHO POWER COMPANY - 4
REQUEST NO. 41: For each year in Charts 5-8 of the Supplemental Report:
Retirement Benefis Risk Analysis, please provide the following assumptions used to
calculate the annual contribution amounts:
a. The annual payroll
b. The number of participants
c. The number of retirements and their respective wages
d. The number of new entrants and their respective wages
RESPONSE TO REQUEST NO. 41: The data used to calculate the annual
contribution amounts are contained in the attached confidential schedule. Because this
information is proprietary and confidential, Idaho Power is providing this information only
to parties that have executed the Protective Agreement.
The response to this Request was prepared by Ron Meyers, Pension and
Investment Administrator, Idaho Power Company, in consultation with Lisa D.
Nordstrom, Lead Counsel, Idaho Power Company.
IDAHO POWER COMPANY'S RESPONSE TO THE FOURTH PRODUCTION
REQUEST OF THE COMMISSION STAFF TO IDAHO POWER COMPANY - 5
REQUEST NO. 42: Please provide the annual contribution percentage used to
determine the contribution amounts listed on Charts 7-8 of the Supplemental Report.
RESPONSE TO REQUEST NO. 42: Chart 7 has an annual contribution
percentage equal to 6.08 percent. Chart 8 has an annual contribution percentage equal
to 7.07 percent.
The response to this Request was prepared by Ken Petersen, Corporate
Controller and Chief Accounting Officer, Idaho Power Company, in consultation with
Lisa D. Nordstrom, Lead Counsel, Idaho Power Company.
DATED at Boise, Idaho, this 31st day of March 2011.
dLQ~OA~"LISA D. NORDTROM
Attorney for Idaho Power Company
IDAHO POWER COMPANY'S RESPONSE TO THE FOURTH PRODUCTION
REQUEST OF THE COMMISSION STAFF TO IDAHO POWER COMPANY - 6
CERTIFICATE OF SERVICE
I HEREBY CERTIFY that on this 31st day of March 2011 I served a true and
correct copy of IDAHO POWER COMPANY'S RESPONSE TO THE FOURTH
PRODUCTION REQUEST OF THE COMMISSION STAFF 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 Attomey General
Idaho Public Utilities Commission
472 West Washington
P.O. Box 83720
Boise, Idaho 83720-0074
Industrial Customers of Idaho
Power
Peter J. Richardson
Gregory M. Adams
RICHARDSON & O'LEARY, PLLC
515 North 2th Street
P.O. Box 7218
Boise, Idaho 83702
Dr. Don Reading
Ben Johnson Associates
6070 Hil Road
Boise, Idaho 83703
-- Hand Delivered
U.S. Mail
_ Overnight Mail
FAX
-- Email Weldon.Stutzman~puc.idaho.gov
Hand Delivered
-- U.S. Mail
_ Overnight Mail
FAX
-- Email peter~richardsonandoleary.com
greg~richardsonandoleary.com
Hand Delivered
-- U.S. Mail
_ Overnight Mail
FAX
-- Email dreading~mindspring.com
ct~i2~Lisa D. Nordstr~ ~
IDAHO POWER COMPANY'S RESPONSE TO THE FOURTH PRODUCTION
REQUEST OF THE COMMISSION STAFF TO IDAHO POWER COMPANY - 7
BEFORE THE
IDAHO PUBLIC UTiliTIES COMMISSION
CASE NO~ IPC-E-10-25
IDAHO POWER COMPANY
RESPONSE TO STAFF'S PRODUCTION
REQUEST NO. 41
THE DOCUMENT BEING PROVIDED IN
RESPONSE TO STAFF'S PRODUCTION
REQUEST NO. 41
IS CONFIDENTIAL AND IS BEING
PROVIDED TO THOSE PARTIES THAT
HAVE SIGNED THE PROTECTIVE
AGREEMENT