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HomeMy WebLinkAboutStipulation.pdf,,.It . J. R. SIMPLOT COMPANY / ONE CAPITAL CENTER / 999 MAIN STREET / SUITE 1300 PO. BOX 27 / BOISE, IDAHO 83707 / (208) 336-2110 / TELEX 368432 CORPORATE HEADQUARTERS July 7, 1980 OFFICE C .~t:T!\RY IDAHO PUBLIC U¡ ,L il:ES COMMISSION ACKNOWLED~~ R~PT B~~-æ !L~tg1d Date 2 - % ,- g'd V"~ary Ann Johnson, Esq. Deputy Attorney .General Public Utilities Commission 472 West Washington Boise, Idaho 83720 Re: Intermountain Gas Capital Structure and Cost of Capital Stipulation De ar Mary Ann: Enclosed please find one copy of the signed stipula- tion in the above-referenced matter. NRS:rm . L "e e BEFORE THE 'IDAHO PUBLIC UTILITIES COl~1ISSION IN THE MATTER OF THE APPLICATION ) OF INTER~OUNTAIN GAS COMPANY FOR ) APPROVAL OF ITS PROPOSED RATE ) SCHEDULES .........................) ) CASE NO . U-I034-88 STIPULATION COMES NOW all parties to this proceeding, through their attorneys of record, and stipulate as follows: 1. The Capital Structure and Cost of Capital of Inter- mountain Gas Company set forth in the attachment hereto is fair, just and reasonable. 2. Capital Structure and Cost of Capital are no longer contested issues in this proceeding. 3. No party to this proceeding will produce any witness, testimony or evidence regarding Capital Structure or Cost of Capital for any purpose in this proceeding. Intermountain Gas Company will withdraw the prepared direct testimony and exhibits of Ritchie A. Campbell and Schedule 6 of Exhibit 10"2 as well as all references to that schedule in the prepared direct testimony of Russell L. Worthan. DATED at Boise, Idaho, this ~q~ day of July, 1980. STAFF OF THE IDAHO PUBLIC UTILITIES COMMISSION IDAHO ATTORNEY GENERAL By Mary Ann Johnson Deputy Attorney General INTERMOUNTAIN GAS COMPANY MOFFATT, THOMAS, BARRETT & BLANTON, CHARTERED By T. N. Ambrose - Of the Firm BEKER INDUSTRIES CORP.ELAM, BURKE, JEPPESEN, EVANS & BOYD By Dan L. Poole - Of the Firm J. R. S IMPLOT COMPANY FMC CORPORATION CLEMONS, COSHO & By R. Michael Southcombe - Of the Firm Li n e , N o . C l a s s o f C a p i t a l (a ) 1 S h o r t - t e r m D e b t 2 Lo n g - t e r m D e b t ..".. l IN T E R M O U N T A I N G A S C O M P A N Y CA P I T A L S T R U C T U R E A N D C O S T O F C A P I T A L Ju n e 3 0 , 1 9 8 0 Am o u n t Ou t s t a n d i n g (b ) $ 4 , 3 4 8 , 2 0 0 35 , 8 6 9 , 0 5 0 7, 4 2 3 , 8 5 0 28 , 1 1 2 , 0 0 0 5 D e f e r r e d I n c o m e T a x e s . 5 , 8 4 9 , 3 6 6 c 3 Pr e f e r r e d E q u i t y 4 Co m m o n E q u i t y 6 To t a l $8 1 , 6 0 2 , 4 6 6 Re q u i r e d Ad j u s t m e n t (c ) $ (3 , 2 3 3 , 1 5 4 ) $ ( 3 , 2 3 3 , 1 5 4 ) As Pe r c e n t Ef f e c t i v e We i g h t i Av e r a g e t Ad j u s t e d of T o t a l Co s t R a t e of C a p i t a (d ) (e ) (f ) (g ) $ 4 , 3 4 8 , 2 0 0 5. 5 4 8 % 14 . 6 8 9 % .8 1 5 % 35 , 8 6 9 . 0 5 0 45 . 7 6 9 9. 2 7 7 4. 2 4 6 7, 4 2 3 , 8 5 0 9. 4 7 3 8. 6 3 2 .8 1 8 24 , 8 7 8 , 8 4 6 31 . 7 4 6 14 . 5 0 0 4. 6 0 3 5, 8 4 9 , 3 6 6 7. 4 6 4 -0 - $7 8 , 3 6 9 , 3 1 2 10 0 . 0 0 0 % 10 . 4 8 2 % e