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HomeMy WebLinkAbout20040513Stipulation.pdfH t:' iLt~ ......,.." '-..,""""'J"'" IEOr-"I....\.- v' "- . ' 5 TO E L nl.~V i ' , , Dlt! ,Lt: 'f..iJU~ ria I 11'1 900 S.W. mlh Avenue. Suite 2600 Portland. Oregon 97204 main 503.224.3380UJ F'UHL1C UTILITiES COMt11SS1Q, fax 503.220.2480 www.stoeLcol11 ATTORNEYS i\T LAW JAMES C. PAINE Direct (503) 294-9246 j cpaine~stoe 1. com May 12, 2004 HAND DELIVERED Jean Jewell, Secretary Idaho Public Utilities Commission 472 West Washington Boise, ill 83702-5983 Re:Stipulations in Case Nos. P AC-O3-05 and P AC-O4- Dear Ms. Jewell: Enclosed please fmd an original and 7 copies of: (a) a Stipulation in Case No. P AC-03-05 and (b) a Supplemental Stipulation in the consolidated cases of Case No. PAC-03-05 and Case No. P AC-04-02. Each Stipulation has been executed by PacifiCorp, Commission Staff, the Idaho Irrigation Pumpers Association and the City of Firth, all of the active parties in each proceeding known at the time of the submittal of these agreements. PacifiCorp respectfully submits these Stipulations for the Commission s consideration. PacifiCorp asserts that Commission approval of both of these Stipulations in their entirety is in the public interest because, taken together, the Stipulations mitigate 1'?te impacts experienced by customers while resolving the outstanding issues in Case No. P AC-O3-05 and P AC-04-02. The April 30, 2004 Comments of Commission Staff in Case No. PAC-03-05 indicated that a number of possible customer rate changes in PacifiCorp s Idaho retail rates could occur on June 8, 2004. These changes include: A proposed surcharge to recover tax audit assessment payments made by PacifiCorp in 2002 and 2003; A proposed reduction in Idaho s Bonneville Power Administration exchange credit; and Other rate changes scheduled to occur on June 8, 2004 include the expiration of the Power Cost Surcharge (PCS), a small change in the Rate Mitigation Adjustment (RMA), and a PCS true-up increment. These changes were approved by the Commission in Case No. PAC-02-1 (Order No. 29034). Oregon Washington Califoini3 U I a h I d J h 0 PortJnd3-1480841.l 0020017-00055 ORIGINAL Jean Jewell, Secretary May 12, 2004 Page 2 Staff further stated that they believed that a comprehensive settlement could be reached that would resolve all of these issues and result in a single rate change in 2004. PacifiCorp submits that the two submitted Stipulations reflect that comprehensive settlement and respectfully asks that the Commission consider and adopt both submitted agreements to be reflected in the Company s Idaho retail rates, effective June 8, 2004. Should you or any Commission representative have questions or concerns about PacifiCorp filing or positions in these two consolidated dockets, please do not hesitate to contact James C. Paine, attorney of record for the Company in this matter at (503) 294-9246, or Bob Lively, Regulatory Manager at (801) 220-4052. Very truly yours , , James C. Paine JCP:jlf Enclosures Portlnd3-1480841.l 0020017-00055 James F. Fell James C. Paine STOEL RIVES LLP 900 SW Fifth Ave., Suite 2600 Portland, OR 97204-1268 Telephone: (503) 294-9343 Facsimile: (503) 220-2480 RECf 1'1 EO rH r:l) ~lI~~;A,( ~1 PM 4: 33 ,;, ;' f'c \ tF)\ \ UT\L\l\ES COt1HlSS1ON Attorneys for PacifiCorp BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION IN THE MATTER OF THE APPLICATION OF PACIFICORP dba UTAH POWER & LIGHT COMP Al~ FOR A DEFERRED ACCOUNTING ORDER AND APPROVAL OF A SURCHARGE STIPULATION CASE NO. P AC-03- This stipulation ("Stipulation ) is entered into by and among PacifiCorp, doing business as Utah Power & Light Company ("PacifiCorp" or the "Company ), the Idaho Public Utilities Commission Staff ("Staff'), the Idaho Irrigation Pumpers Association ("lIP A") and the City of Firth ("Firth") (collectively referred to as the "Parties I. INTRODUCTION The terms and conditions of this Stipulation are set forth herein. The Parties agree that this Stipulation represents a fair, just and reasonable compromise of the issues raised in this proceeding and that this Stipulation is in the public interest. The Parties, therefore recornmend that the Public Utilities Commission ("Commission ) approve the Stipulation and all of its terms and conditions. Reference IDAPA 31.01.01.272 274. II. BACKGROUND On March 31 , 2003 , PacifiCorp filed an Application in this case, seeking approval of deferred accounting treatment for excess costs incurred for forward power purchases made for the summer of 2002, and federal and state payments made in 2002 resulting from the Internal Revenue Service s income tax audit for the years 1994-1998. Following the filing of its STIPULATION - Page I ORIGINAL Application, the Company and Staffheld discussions regarding the Application and related issues. During the course of those discussions, the Company made additional tax payments following the completion of an administrative appeal with the IRS related to the 1994-1998 audit. Further, during the course of those discussions, it was detennined that an error existed in the calculation of the Idaho-allocated portion of the payments made in 2002. When corrected the payments made in 2002 and the payment made in October 2003 result in an Idaho-allocated revenue requirement amount of $4 198 000. On December 23 2003 , PacifiCorp filed an Amendment to its Application in this case to correct the error referred to above and to add to its request for deferred accounting the payments made in October, 2003 as a result of the completed appeal related to the 1994-1998 audit. The Company also included in the amended application a request for a surcharge to recover the amounts for which deferred accounting is approved. The Commission has previously approved mechanisms that allowed the Company to recover amounts paid as a result of IRS audits where those amounts were paid for prior audit periods. See In the Matter of the Investigation of the Effects of Revisions of the Federal Income Tax Code Upon the Cost of Service of Regulated Utilities Case No. U-1500-164, Order No. 21302 (July 1 , 1987). In Case No. PAC-02-, the Commission issued an Order on June 7, 2002 which among other things, allowed PacifiCorp to implement a power cost surcharge (PCS) designed to recover an amount of excess power costs over a 24-month period beginning June 8 2002. The PCS was implemented as a line item charge on customers' bills through Electric Service Schedule No. 93. STIPULATION - Page 2 Pursuant to the Commission s February 4, 2004 Notice of Original and Amended Application in this matter, the Parties have engaged in discussions with a view toward resolving PacifiCorp s Application in this case. PacifiCorp has claimed and sought recovery of approximately $4.2 million for audit assessments. The Company asserts that the audit payments were prudently incurred and are properly recoverable. The Parties have had settlement discussions regarding PacifiCorp requests in this case and the other Parties ' positions in connection with that request. Based upon the settlement discussions among the Parties, as a compromise of the positions in this case, and for other consideration as set forth below, the Parties agree to the following tenns: III. TERMS OF THE STIPULATION PacifiCorp shall be allowed to defer for regulatory purposes, and recover, through a surcharge as described below, $4 198 000 for the income tax audit payments made in 2002 and 2003 for the audit years 1994-1998. PacifiCorp shall be allowed to implement a surcharge (the "Surcharge ) designed to recover approximately $4 379 018 ($4 198 000 related to audit payments discussed above plus $181 018 from undercollection of the excess power costs allowed by the Commission in Case No. P AC-02-1) over the period beginning June 8, 2004 and ending September 15 , 2005. The Surcharge will be implemented as a line item charge on customers' bills through Electric Service Schedule No. 93 , attached hereto as Attachment A. The amount to be collected through the Surcharge includes the true-up provided for under Order No.2 90 34 in Case No. P A C- E-02- The Parties agree that the revenue obligations of the various customer classes shall be spread among the classes in the manner described in Attachment B. STIPULATION - Page 3 10.PacifiCorp shall not file any application with the Commission that may result in an increase in or surcharge on PacifiCorp s rates to Idaho retail customers that would become effective prior to September 16, 2005. Except as provided in paragraph 12 below this provision shall not preclude the Company from requesting deferral of costs incurred after the date of this stipulation and prior to September 16, 2005 for consideration by the Commission in an appropriate regulatory proceeding for collection from customers beginning on or after September , 2005. 11.PacifiCorp shall file as part of its next general rate case in Idaho a proposed method of recovering payments required as a result of income tax audits, other than through surcharges. 12., prior to September 16, 2005, PacifiCorp makes any payments of federal or state income tax assessments, or both, as a result of IRS audits, PacifiCorp shall not seek recovery of such payments in Idaho except through a general rate case. 13.The Parties agree that this Stipulation represents a compromise of the positions of the Parties in this case. Other than the above referenced positions and any testimony filed in support of the approval of this Stipulation, and except to the extent necessary for a Party to explain before the Commission its own statements and positions with respect to the Stipulation all negotiations relating to this Stipulation shall be treated as confidential. 14.The Parties submit this Stipulation to the Commission and recommend approval in its entirety pursuant to IDAP A 31.01.01.274. Parties shall support this Stipulation before the Commission, and no Party shall appeal any portion of this Stipulation or Order approving the same. If this Stipulation is challenged by any person not a party to the Stipulation, the Parties to this Stipulation reserve the right to cross-examine witnesses and put on such case as they deem STIPULATION - Page 4 appropriate to respond fully to the issues presented, including the right to raise issues that are incorporated in the settlements embodied in this Stipulation. Notwithstanding this reservation of rights, the Parties to this Stipulation agree that they will continue to support the Commission adoption of the terms of this Stipulation. 15.In the event the Commission rejects any part or all of this Stipulation, or imposes any additional material conditions on approval of this Stipulation, each Party reserves the right upon written notice to the Commission and the other Parties to this proceeding, within 15 days of the date of such action by the Commission, to withdraw from this Stipulation. In such case, no Party shall be bound or prejudiced by the terms of this Stipulation, and each Party shall be entitled to seek reconsideration of the Commission s order, file testimony as it chooses, cross- examine witnesses, and do all other things necessary to put on such case as it deems appropriate. 16.The Parties agree that this Stipulation is in the public interest and that all of its terms and conditions are fair, just and reasonable. 17.No Party shall be bound, benefited or prejudiced by any position asserted in the negotiation of this Stipulation, except to the extent expressly stated herein, nor shall this Stipulation be construed as a waiver of the rights of any Party unless such rights are expressly waived herein. Execution of this Stipulation shall not be deelned to constitute an acknowledgment by any Party of the validity or invalidity of any particular method, theory or principle of regulation or cost recovery, and no Party shall be deemed to have agreed that any method, theory or principle of regulation or cost recovery employed in arriving at this Stipulation is appropriate for resolving any issues in any other proceeding in the future. No findings of fact or conclusions of law other than those stated herein shall be deemed to be implicit in this Stipulation. STIPULATION - Page 5 18.The obligations of the Parties under this Stipulation are subject to the Commission s approval of this Stipulation in accordance with its terms and conditions and upon such approval being upheld on appeal by a court of competent jurisdiction. Respectfully submitted this /~day of , 2004. PacifiCorp By ~~ I/o 1;;& nv fiv- James Paine Attorney for PacifiCorp Idaho Public Utilities Commission Staff Sco t D. Woodbury Attorney for Idaho Public Utiliti Commission Staff ric L. Olsen Attorney for Idaho Irrigation Pumpers Association City of Firth A " By Mike Kress Mayor K~~ STIPULATION - Page 6 Blah nlJlM I Attachment A C. No. 28 First Revised Sheet No. Canceling Original Sheet No. 93 UT AH POWER & LIGHT COMPANY ELECTRIC SERVICE SCHEDULE NO. 93 STATE OF IDAHO POWER COST / TAX SURCHARGE (C) A V AaABaITY: At any point on the Company s interconnected system. APPLICATION: This Schedule shall be applicable to all retail tariff Customers taking service under the tenns contained in this Tariff. MONT~ Y BaL: In addition to the Monthly Charges contained in the Customer s applicable schedule, all monthly bills shall have applied an amount equal to the product of all metered kilowatt-hours multiplied by the following cents per kilowatt-hour.(D) (D) Schedule 1 Schedule 6 Schedule 6A Schedule 7 Schedule 7 A Schedule 8 Schedule 9 Schedule 10 Schedule 11 Schedule 12 - Street Lighting Schedule 12 - Traffic Signal Schedule 19 Schedule 23 Schedule 23A Schedule 35 Schedule 36 3823 ~ 0.1196 ~ 0000 ~ 5853 ~ 6468 ~ 0000 ~ 0899 ~ 1696 ~ 1.7652 ~ 7738 ~ 6015 ~ 0.4345 ~ 5298 ~ 5453 ~ 0.1004 ~ 0814 ~ (N) (N) Submitted Under Docket No. P AC-03- ISSUED:December 23 , 2003 EFFECTIVE: June 8, 2004 Ta b l e A Att a c h m e n t UT A H P O W E R ES T I M A T E D E F F E C T O F P R O P O S E D P R I C E S ON R E V E N U E S F R O M E L E C T R I C S A L E S T O U L T I M A T E C O N S U M E R S DI S T R I B U T E D B Y R A T E S C H E D U L E S I N I D A H O NO R M A L I Z E D 1 2 M O N T H S E N D E D M A R C H 2 0 0 3 Pr e s e n t R e v e n u e ( $ 0 0 0 ) Pr o p o s e d Ex c l u s i v e o f 8 c h . 3 4 In c l u s i v e o f 8 c h . 3 4 Av g o Li n e Ac c t Sc h o No o Ba s e RM A PC S Sc h . Ne t RM A Sc h 9 3 3 , Sc h . 3 4 Pr o p o s e d Ch a n ~ e Pr o p o s e d Ch a n ~ e No . No o De s c r i ti o n No o Cu s t MW h Re v . Cr e d i t Re v o $0 0 0 Cr e d i t Ne t R e v o ($ 0 0 0 ) Ne t R e v o ($ 0 0 0 ) (1 ) (2 ) (3 ) (4 ) (5 ) (6 ) (7 ) (8 ) (9 ) (1 0 ) (1 1 ) (1 2 ) (1 3 ) (1 4 ) (1 5 ) (1 6 ) (1 7 ) (1 8 ) (1 9 ) (2 0 ) 44 0 Re s i d e n t i a l S a l e s Re s i d e n t i a l S e r v i c e 15 2 28 3 33 0 $2 4 , 29 5 ($ 1 14 2 ) 19 0 ($ 7 08 5 ) $1 7 , 25 8 ($ 1 97 5 ) 08 3 68 % ($ 6 , 60 9 ) $2 3 40 3 ($ 9 4 0 ) $1 6 , 79 4 ($ 4 6 4 ) Re s i d e n t i a l O p t i o n a l T O D 98 7 28 7 38 3 $1 9 , 6 7 2 ($ 1 15 5 ) 20 7 ($ 7 , 18 6 ) $1 2 53 8 ($ 6 9 3 ) $2 3 4 1.2 6 % ($ 6 , 70 4 ) $1 9 , 21 3 ($ 5 1 1 ) $1 2 50 9 ($ 2 9 ) AG A - Re v e n u e 00 % To t a l R e s i d e n t i a l 13 8 57 0 71 3 $4 3 97 0 ($ 2 29 7 ) 39 7 ($ 1 4 27 1 ) $2 9 , 79 9 ($ 2 66 8 ) 31 7 16 % ($ 1 3 , 31 3 ) $4 2 62 0 ($ 1 45 1 ) $2 9 30 7 ($ 4 9 2 ) 1. 7 % 44 2 Co m m e r c i a l & I n d u s t r i a l Ge n e r a l S e r v i c e - L a r g e P o w e r 96 8 30 1 53 5 $1 6 , 55 2 ($ 8 7 5 ) 26 0 $1 6 , 93 7 $3 6 1 30 % $1 6 , 91 3 ($ 2 4 ) 0.1 % $1 6 , 91 3 ($ 2 4 ) Ge n e r a l S v c , - L g , P o w e r ( R & F ) 22 6 99 8 83 4 ($ 1 1 3 ) $1 2 2 ($ 7 2 5 ) 11 8 00 % ($ 6 7 6 ) 83 4 ($ 9 ) 0. 5 % 15 8 $4 0 Ge n e r a l S e r v i c e - M e d , V o l t a g e 99 0 $1 7 0 ($ 1 0 ) $1 2 $1 7 2 00 % $1 7 7 $1 7 7 Ge n e r a l S e r v i c e - H i g h V o l t a g e 86 7 04 8 ($ 2 9 0 ) $3 8 2 14 0 $8 6 2.2 9 % 13 4 ($ 6 ) 13 4 ($ 6 ) Ir r i g a t i o n 23 6 60 6 , 4 6 0 $3 2 47 1 94 0 54 7 ($ 2 0 48 6 ) $1 8 47 3 $3 , 94 0 02 9 83 % ($ 1 9 , 02 4 ) $3 7 44 0 ($ 1 5 I 8 ) $1 8 , 4 1 6 ($ 5 6 ) Co m m , & I n d , S p a c e H e a t i n g 33 5 64 6 $8 3 4 ($ 3 1 ) $4 9 $8 5 2 ($ 7 5 ) $5 1 30 % $8 1 0 ($ 4 2 ) $8 1 0 ($ 4 2 ) Ge n e r a l S e r v i c e 95 0 57 2 $7 , 99 5 ($ 2 0 9 ) $3 8 9 17 5 ($ 1 19 1 ) $4 9 0 30 % 29 4 ($ 8 8 1 ) 10 , 29 4 ($ 8 8 1 ) 10 , Ge n e r a l S e r v i c e ( R & F ) 23 A 30 4 40 7 39 4 ($ 6 0 ) $6 5 ($ 3 8 5 ) 01 3 ($ 1 6 3 ) $8 4 30 % ($ 3 5 9 ) 31 5 ($ 8 4 ) $9 5 6 ($ 5 8 ) Ge n e r a l S e r v i c e O p t i o n a l T O D 88 7 $1 0 6 ($ 6 ) $1 0 8 1.9 0 % $1 0 8 ($ 0 ) $1 0 8 ($ 0 ) Sp e c i a l C o n t r a c t s 1, 4 8 1 15 9 $4 5 , 31 1 $4 5 , 31 1 00 % $4 5 31 1 $4 5 , 31 1 AG A - Re v e n u e $2 3 4 $2 3 4 00 % $2 3 4 $2 3 4 To t a l C o m m e r c i a l & I n d u s t r i a l 10 , Q 3 8 63 8 , 52 3 $1 1 0 94 9 34 6 83 4 ($ 2 1 59 6 ) $9 6 53 3 51 8 10 3 86 % ($ 2 0 05 9 ) $1 1 5 , 57 0 ($ 2 55 9 ) $9 5 , 51 1 ($ 1 02 2 ) 1.1 % 44 4 Pu b l i c S t r e e t L i l ! h t i n l ! Se c u r i t y A r e a L i g h t i n g 24 1 30 4 $7 6 $7 7 ($ 2 0 ) 30 % $6 1 ($ 1 6 ) 20 , $6 1 ($ 1 6 ) 20 , Se c u r i t y A r e a L i g h t i n g ( R & F ) 16 3 12 9 $3 5 ($ 1 ) ($ 3 ) $3 1 ($ 8 ) 6.3 0 % ($ 3 ) $2 9 ($ 6 ) 17 , $2 6 ($ 6 ) 18 . St r e e t L i g h t i n g - C o m p a n y 12 8 $3 7 ($ 1 ) $3 7 ($ 1 0 ) 30 % $2 9 ($ 8 ) 21 , $2 9 ($ 8 ) 21 , St r e e t L i g h t i n g - C u s t o m e r 20 4 80 8 $2 2 8 ($ 6 ) $2 3 0 ($ 6 3 ) $1 4 30 % $1 7 9 ($ 5 1 ) 22 , $1 7 9 ($ 5 1 ) 22 , Tr a f f i c S i g n a l S y s t e m s 25 3 $2 5 ($ 1 ) $2 5 ($ 7 ) 30 % $2 0 ($ 5 ) 21 , $2 0 ($ 5 ) 21 , AG A - Re v e n u e 00 % To t a l P u b l i c S t r e e t L i g h t i n g 66 0 62 1 $4 0 3 ($ 9 ) $1 2 ($ 3 ) $4 0 3 ($ 1 0 8 ) $2 5 6. 2 7 % ($ 3 ) $3 2 0 ($ 8 6 ) 21 , $3 1 7 ($ 8 6 ) 21 . 4 % To t a l S a l e s t o U l t i m a t e C u s t o m e r s 56 , 83 6 21 1 85 7 $1 5 5 32 3 $4 0 24 3 ($ 3 5 , 87 1 ) $1 2 6 73 5 ($ 2 5 8 ) 44 5 22 % ($ 3 3 , 37 5 ) $1 5 8 50 9 ($ 4 09 6 ) $1 2 5 , 13 4 ($ 1 60 1 ) 1. 3 % To t a l S a l e s t o U l t i m a t e C u s t o m e r s ( w / o S p e c i a l C o n t r a c t s ) 56 , 83 4 73 0 , 69 8 $1 1 0 , 01 1 $4 0 24 3 ($ 3 5 , 87 1 ) $8 1 42 4 ($ 2 5 8 ) $3 , 44 5 13 % ($ 3 3 , 37 5 ) $1 1 3 , 19 8 ($ 4 09 6 ) 3. 5 % $7 9 , 82 3 ($ 1 60 1 ) No t e s : 1 : P r e s e n t R e v e n u e i s b a s e d o n c u r r e n t R M A a n d P C S r a t e s w h i c h b e c a m e e f f e c t i v e o n J u n e 8 , 2 0 0 3 a n d w i l l e x p i r e o n J u n e 7 , 2 0 0 4 , T h e c u r r e n t B P A r a t e b e c a m e e f f e c t i v e o n Fe b r u a r y 1 , 2 0 0 3 , 2: P r o p o s e d R M A i s b a s e d o n Y e a r 3 r a t e s w h i c h w i l l b e c o m e e f f e c t i v e o n J u n e 8 , 2 0 0 4 , 3: P r o p o s e d S c h , 9 3 P o w e r C o s t / T a x S u r c h a r g e i s d e s i g n e d t o r e c o v e r a t o t a l o f $ 4 37 9 , 01 8 b e t w e e n J u n e 8 , 2 0 0 4 a n d S e p t e m b e r 1 5 20 0 5 , T h i s a m o u n t i n c l u d e s $ 4 19 8 , 00 0 o f i n c o m e t a x a u d i t p a y m e n t s pl u s $ 1 8 1 , 01 8 o f t h e p r o j e c t e d u n r e c o v e r e d p o r t i o n o f c o m b i n e d b a l a n c e o f e x i s t i n g S c h e d u l e 9 3 - Po w e r C o s t S u r c h a r g e a n d S c h e d u l e 9 4 - RM A , T h e p r o j e c t i o n i s b a s e d o n a c t u a l c o l l e c t i o n s b e t w e e n Ju n e 8 , 2 0 0 2 - Fe b r u a r y 2 9 20 0 4 a n d t h e f o r e c a s t e d c o l l e c t i o n s b e t w e e n M a r c h 1 , 2 0 0 3 - Ju n e 7 , 2 0 0 4 4: P r o p o s e d a B P A B a l a n c e a d j u s t m e n t o f - $1 , 9 m i l l i o n , 5: P r o p o s e d S c h 9 3 r a t e d e s i g n i s b a s e d o n t w o r u l e s : R u l e I : O v e r a l l i m p a c t f o r e a c h s c h e d u l e i s c a p p e d a t 0 % o r i t is r e d u c e d u n t i l s c h e d u l e 9 3 r e v e n u e i s s e t a t z e r o , R u l e 2 : M a x % S c h 9 3 i s c a p p e d a t 6 , 3 % , Fo n n u l a s : F I = ( 6 ) + ( 7 ) + ( 8 ) + ( 9 ) ; F 2 = ( 1 2 ) / f ( 6 ) + ( 7 H ; F 3 = ( 6 ) + ( l I ) + ( 1 2 ) ; F 4 = ( l 5 ) - (6 ) - ( 7 ) - ( 8 ) ; F 5 = ( 1 6 ) / f ( 6 ) + ( 7 ) + ( 8 ) ) ; F 6 = ( 6 ) + ( I I ) + ( l 2 ) + ( l 4 ) ; F7 = ( 1 8 ) - ( I O ) ; F 8 = ( l 9 ) / ( I O ) . CERTIFICATE OF SERVICE I hereby certify that on this ih day of May, 2004, I served the foregoing STIPULATION as follows: Jean D. Jewell, Secretary Idaho Public Utilities Commission 472 West Washington O. Box 83720 Boise, ID 83702 (~J Hand Delivery (~ U. S. Mail Overnight Delivery Facsimile J Email Scott Woodbury Deputy Attorney General Idaho Public Utilities Commission 472 West Washington O. Box 83720 Boise, ill 83702 (~J Hand Delivery J U. S. Mail Overnight Delivery Facsimile J Email Eric Olsen Racine, Olson, Nye, Budge & Bailey O. Box 1391 201 East Center Pocatello, ill 83204-1391 J Hand Delivery(~J U. S. Mail Overnight Delivery Facsimile Email Mike Kress Mayor City of Firth O. Box 37 Firth, ill 83236 J Hand Delivery(~J U. S. Mail (~ Overnight Delivery Facsimile Email Timothy J. Shurtz City Councilman City of Firth O. Box 37 Firth, ill 83236 J Hand Delivery(~J U. S. Mail Overnight Delivery Facsimile (~ Email iJf!Brandi L. Gearhart, PLS Legal Assistant to Mary S. Hobson Stoel Rives LLP James F. Fell James C. Paine Stoel Rives LLP 900 SW Fifth Avenue, Suite 2600 Portland, OR 97204-1268 Telephone: (503) 294-9343 Facsimile: (503) 220-2480 Attorneys for PacifiCorp , ("t:" HI , ' t\~vL.J " F~tLED 2Uult KAY \ 2 PM ~:51 .... ' . ,i"l)1J r1-:~ COf'1filSStOH;:)\\ 1, -.; BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION IN THE MATTER OF THE APPLICATION OF P ACIFICORP dba UTAH POWER & LIGHT COMPANY FOR A DEFERRED ACCOUNTING ORDER AND APPROV AL OF A SURCHARGE IN THE MATTER OF THE APPLICATION OF P ACIFICORP dba UTAH POWER & LIGHT COMPANY FOR APPROVAL OF REDUCTIONS IN BONNEVILLE POWER ADMINISTRATION REGIONAL EXCHANGE CREDITS CASE NO. P AC-03- CASE NO. P AC-04- SUPPLEMENTAL STIPULATION This Supplemental Stipulation ("Stipulation ) is entered into by and among PacifiCorp, doing business as Utah Power & Light Company ("PacifiCorp" or the "Company ), the Idaho Public Utilities Commission Staff ("Staff'), the Idaho Irrigation Pwnpers Association ("IIP A" and the City of Firth, Idaho ("Firth") (collectively referred to as the "Parties INTRODUCTION The terms and conditions of this Stipulation are set forth herein. The Parties agree that this Stipulation represents a fair, just and reasonable resolution of the issues raised in Case No. P AC-O3-05 and Case No. P AC-04-02 and that this Stipulation is in the public interest. The Parties, therefore, recommend that the Public Utilities Commission (the SUPPLEMENTAL STIPULATION - Page Portlnd3-\479538.\0020017-00055 CR\GINAL Commission ) approve the Stipulation and all of its terms and conditions. Reference IDAP A 31.01.01.272-276. II.BACKGROUND On April 21 , 2004, PacifiCorp filed its Application in Case No. PAC-04- seeking approval of a revised Electric Service Schedule No. 34. The proposed revisions would reduce the Bonneville Power Administration regional exchange credits ("BP A exchange credit" in Idaho. The Company s Application seeks changes to Schedule 34 to revise the Kilowatt-Hour Credit Adjustment for all qualifying kilowatt-hours of residential and/or farm use. Accompanying the Company s Application was a Motion to Consolictate consideration of the BP A exchange credit docket with PacifiCorp s previously-filed tax audit proceeding, Case No. PAC-03-05. The Commission granted the Company s Motion to Consolidate on May 5 2004. Order No. 29489. PacifiCorp asserts that as of September 2003, the Idaho balancing account showed a BP A exchange credit deficit of $5.7 million. Following discussions with the Staff, the IIP A irrigation customers and Firth, PacifiCorp proposes to reduce the BP A exchange credit by 1/3 of the $5.7 million, on an annual basis, thereby recovering the negative balance over a three-year period. In addition, PacifiCorp s Application proposes to reduce the BP A exchange credit to match the level of the annual credit received from the BP A with the annual credit passed on to Idaho residential and small farm customers. This reduces the credit by an additional $597 000 per year. The annual reduction in the BPA credit would therefore total $2,496 000 ($1 899 000 + $597 000) under PacifiCorp s proposal. SUPPLEMENTAL STIPULATION - Page 2 Portlnd3-1479538,10020017-00055 On March 31 , 2003, as amended on December 23, 2003, the Company filed its Application (Case No. P AC-03-05) seeking, among other things, a surcharge to recover federal and state tax audit assessment payments resulting from Internal Revenue Service tax audits. A Stipulation (the "Tax Audit Assessment Stipulation ) entered into by and among PacifiCorp, Staff, IIP A and Firth was executed and addressed, among other things implementation of a new 16-month surcharge of approximately $3.5 million annually to recover a total of $4.2 million of tax audit assessments. Staff executed the Tax Audit Assessment Stipulation on May 6, 2004. The Company s April 21 , 2004 Application to reduce the BP A exchange credit (Case No. P AC-04-02) was anticipated and addressed by the Parties executing the Tax Audit Assessment Stipulation in Case No. PAC-03-05. Table A of the Tax Audit Assessment Stipulation incorporates the proposed BP A exchange credit reduction of $2.496 million/year from the proposed effective date of June 8 , 2004. For this reason, this Stipulation addressing BP A regional credit reduction issues is designated a "Supplemental" Stipulation. It is the Parties' intent in this Supplemental Stipulation to further describe the proposed manner in which PacifiCorp will attempt to reduce the balancing account deficit. III.TERMS OF THE STIPULATION The Parties have considered the proposed BP A exchange credit treatment set forth in PacifiCorp s April 21, 2004 Application and find the Company s proposal to be just and reasonable. The Parties agree that PacifiCorp shall be allowed to reduce the BP A exchange credit reflected in the Company s proposed Schedule 34, commencing June 8, 2004. As noted above, the Tax Audit Assessment Stipulation already reflects the initial BP A exchange credit reduction proposed in PacifiCorp s April 21 , 2004 filing of Case No. PAC-04-02. SUPPLEMENTAL STIPULATION -Page 3 Portlnd3-1479538,l 0020017-00055 The Parties recognize that the level of the BPA credits is subject to the actions of the BP A and to other circumstances largely beyond the control of the Company. The Company will continue to work to mitigate the impacts of future changes to the BP A credit. The Parties recognize that, among other factors, qualifying customer loads actually experienced may not reduce the balancing account deficit as anticipated. In order to realize a zero (or as near zero as practical) balancing account by September 30, 2006, the Parties recognize that PacifiCorp may have to propose further modifications to Schedule 34 based on its actual experience in attempting to reduce the deficit balance, or due to BP A actions that may influence the BP A exchange credit for Idaho s qualifying customers. The Parties therefore agree that PacifiCorp shall propose, and implement as approved by the Commission adjustments to Schedule 34, as necessary, in order to achieve the targeted zero balancing account by September 30, 2006. PacifiCorp will convene informational meetings with Idaho irrigators in the November/December time frame of 2004 and 2005 in an effort to inform interested stakeholders of the state of the balancing account, the anticipated magnitude of the BP A exchange credit for the next irrigation season, of any other relevant factors that the Company anticipates may influence Idaho s BP A exchange credit, the status of any anticipated or pending rate case and the status and/or report on the Irrigation Load Control Credit Rider Program. The informational meetings will provide irrigators with electric power cost infonnation enabling the irrigators to plan for the next irrigation season with a more informed position on their potential electricity costs. PacifiCorp will work with Staff and other interested stakeholders prior to filing proposed adjustments to Schedule 34, filing any anticipated rate case or filing proposed adjustments to Schedule 72. SUPPLEMENT AL STIPULATION - Page 4 Portlnd3-1479538.l 0020017-00055 With Commission approval, PacifiCorp should implement the proposed BPA exchange credit reduction on June 8, 2004 as this date coincides with other rate changes viz.the expiration ofPacifiCorp s power cost surcharge authorized in Case No. PAC-O2-01 and the proposed initiation of a surcharge for tax audit assessments addressed in Case No. P AC-O3-05. The Parties agree that this Stipulation represents a just and reasonable resolution of the issues generated by the Company s BPA exchange credit Application of April 21 , 2004. Other than the above referenced positions and any testimony or comments filed in support of the approval of this Stipulation, and except to the extent necessary for a Party to explain before the Commission its own statements and positions with respect to the Stipulation, all negotiations relating to this Stipulation shall be treated as confidential. The Parties submit this Stipulation to the Commission and recommend approval in its entirety pursuant to IDAP A 31.01.01.274. Parties shall support this Stipulation before the Commission, and no Party shall appeal any portion of this Stipulation or Order approving the same. If this Stipulation is challenged by any person not a party to the Stipulation, the Parties to this Stipulation reserve the right to cross-examine witnesses and put on such case as they deem appropriate to respond fully to the issues presented, including the right to raise issues that are incorporated in the settlements embodied in this Stipulation. Notwithstanding this reservation of rights, the Parties to this Stipulation agree that they will continue to support the CoI1lll1ission adoption of the tenns of this Stipulation. 10.In the event the Con1mission rejects any part or all of this Stipulation, or imposes any additional material conditions on approval of this Stipulation, each Party reserves the right upon written notice to the Commission and the other Parties to this proceeding, within 15 days of the date of such action by the Commission, to withdraw from this Stipulation. In such case, no SUPPLEMENTAL STIPULATION - Page 5 Portlnd3-1479538.10020017-00055 Party shall be bound or prejudiced by the terms of this Stipulation, and each Party shall be entitled to seek reconsideration of the Commission s order, file testimony as it chooses, cross- examine witnesses, and do all other things necessary to put on such case as it deems appropriate. 11.The Parties agree that this Stipulation is in the public interest and that all of its terms and conditions are fair, just and reasonable. 12.No Party shall be bound, benefited or prejudiced by any position asserted in the negotiation of this Stipulation, except to the extent expressly stated herein, nor shall this Stipulation be construed as a waiver of the rights of any Party unless such rights are expressly waived herein. Execution of this Stipulation shall not be deemed to constitute an acknowledgment by any Party of the validity or invalidity of any particular method, theory or principle of regulation or cost recovery, and no Party shall be deemed to have agreed that any method, theory or principle of regulation or cost recovery employed in arriving at this Stipulation is appropriate for resolving any issues in any other proceeding in the future. No findings of fact or conclusions of law other than those stated herein shall be deemed to be implicit in this Stipulation. 13.The obligations of the Parties under this Stipulation are subject to the Commission s approval of this Stipulation in accordance with its terms and conditions and upon such approval, if challenged, being upheld on appeal by a court of cOlnpetent jurisdiction. Respectfully submitted this day of May, 2004. PacifiCorp ~) /----,/', 13J'--- - ;;.?--~/.:.--- (....---- or C"-,_-M-\.. James CtYmne Attorney for PacifiCorp SUPPLEMENTAL STIPULATION - Page 6 Portlnd3-14795380 1 0020017-00055 Idaho Public Utilities Commission Staff . n umpers A~sociation Eric L. Olsen Attorney for Idaho Irrigation Pumpers Association City of Firth By L"" Mike Kress Mayor SUPPLEMENTAL STIPULATION - Page 7 Portlnd3-1479538.1 0020017-00055 CERTIFICATE OF SERVICE I hereby certify that on this lih day of May, 2004, I served the foregoing SUPPLEMENTAL STIPULATION as follows: Jean D. Jewell, Secretary Idaho Public Utilities Commission 472 West Washington o. Box 83720 Boise, ill 83702 LXJ Hand Deli very J U. S. Mail Overnight Delivery Facsimile J Email Scott Woodbury Deputy Attorney General Idaho Public Utilities Commission 472 West Washington O. Box 83720 Boise, ill 83702 (~J Hand Deli very J U. S. Mail Overnight Delivery Facsimile J Email Eric Olsen Racine, Olson, Nye, Budge & Bailey O. Box 1391 20 I East Center Pocatello, ill 83204-1391 J Hand Delivery(~J U. S. Mail Overnight Delivery Facsimile J Email Mike Kress Mayor City of Firth O. Box 37 Firth, ID 83236 J Hand Delivery(~J U. S. Mail Overnight Delivery (~ Facsimile Email Timothy J. Shurtz City Councilman City of Firth O. Box 37 Firth, ill 83236 Hand Delivery(~J U. S. Mail Overnight Delivery Facsimile J Email Brandi L. Gearhart, PLS Legal Assistant to Mary S. Hobson Stoel Rives LLP