U-1034-99 Exhibit 3 Worthan.pdf

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Fiscal Year
Ended
(a)
1978
1979
1980
1981
INTERMOUNTAIN GAS COMPANY
AVERAGE SHORT-TERM BORROWING
AS OF JULY 31, 1982
Average Out-
standing
During Year
(b)
$6,736,000*
1,036,000*
82,000*
419,000*
Total 8,273,000+ 4
Average of Yearly Averages $2.068.250
*Source - Annual Report to Shareholders.
Intermountain Gas Company
Case No. U~1034-99
Exhibit 3
Schedule 1
Page 2 of 5
Witness: Worthan
Interest
Rate &
105% of Prime
(c)
Annual
Interest
Expense
(d)
16.5%$341.261
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INTERMOUNTAIN GAS COMPANY
Intermountain Gas Company
Case No. U-1034-99
Exhibit 3
Schedule 1
Page 3 of 5
Witness: Worthan
STATEMENT OF LONG-TERM DEBT AND DETERMINATION OF EMEDDED DEBT COST
AS OF JULY 31, 1982
Description of Issue
(a)
First Mortgage Bonds:
Series F,5.375%due 1984
Series G,5.250%due 1985
Series H,6.125%due 1986
Series I,9.125%due 1991
Series J,8.875%due 1994
Series K,10.250%due 1994
Series L,10.750%due 1999
11Cost Rate -
to Maturity
(b)
5.64%
5.45
6.39
9.47
9.28
10.82
11.24
10 Subordinate Debentures:
11
12
13
14
15
16
6.000% due 1984
5.750% due 1987
6.88
7.59
Promissory note 12.000% due 1985 12.00
Total Long-Term Debt
Weighted Average Cost
lI Calculated on a semi-annual basis.
Amount
Outstanding
July 31, 1982
(c)
Annual
Interest
Requirements
(d)
$ 900,0001,640,000
2,200,000
5,200,000
5,840,000
3,285,000
10,000,000
29,065,000
$ 50,760
89,380
140,580
492,440
541,952
355,437
1,124,000
2,794,549
432,000
1,294,250
1,726,250
29,722
98,234
127,956
30,000 3,600
$30.821,250 $2.926.105
9.494%
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INTERMOUNTAIN GAS COMPANY
STATEMENT OF PREFERRED EQUITY
AS OF JULY 31, 1982
Effective
Cost RateDescription
(a)(b)
$3.00 Cumulative Preferred
Stock, $50 par 6.33%
$8.00 Cumulative Preferred
Stock A, $100 par 8.40
$9.75 Cumulative Preferred
Stock A, $100 par 10.43
Total Preferred Stock
Weighted Average Cost
Amount
Outstanding
July 31, 1982
(c)
$1,246,250
3,400,000
1,500,000
$6.146.250
Intermountain Gas Company
Case No. U-I034-99
Exhibit 3
Schedule 1
Page 4 of 5
Witness: Worthan
Annual
Dividend
Cost
(d)
$ 78,888
285,600
15t1 ,450
$520.938
8.476%
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INTERMOUNTAIN GAS COMPANY
Intermountain Gas Company
Case No. U-I034-99
Exhibit 3
Schedule 1
Page 5 of 5
Witness: Worthan
ADJUSTMENTS TO COMMON EQUITY PORTION OF
CAPITAL STRUCTURE FOR EFFECT OF NON-UTILITY INVESTMNTS
AS OF JULY 31, 1982
Description
(a)(b)
Total Investment in Affiliated
Companies and Other Investments $ 4,285,631
Net Non-utility Property in
alc 121 & 122 8,555
Prepaid Taxes - Reserve for Exploration 949,654
Investment in C & K Exploration Venture (l, 796 ,439)
(834,497)Deferred Taxes Recorded by Interex, Inc.
Net Accounts Payable to Affiliated
Companies (301,795)
Net Adjustment to Conuon Equity
Amounts
$ 5,243,840
(2,932,731)
$ 2.311, 109