EUWW941C.docx

BOISE WATER’S (UNITED WATER IDAHO) RATE BASE
BOI-W-93-3 - ORDER NO. 25640
Plant in Service $ 101,391,159
Less
 Depreciation and Amortization    (18,122,723)
 Contributions in Aid of Construction    (13,940,458)
 Acquisition Adjustment   (      24,158)
 Deferred Inc, Tax   (  3,844,600)
 Investment Tax Credit   (      27,948)
 Unamortized Tax Gain   (        8,879)
Add
 Deferred Charges         395,888
 Working Capital Allowance       1,389,724
Total Rate Base $   67,218,005
BOISE WATER'S CAPITAL STRUCTURE
AND
OVERALL RATE OF RETURN
Capital      Cost  Weighted Cost
Structure      Rate         Rate
Long term debt    52.0%      8.87%        4.61%
Minority Interest      8.0%      5.00%          .40%
Common Equity    40.0%     11.25%        4.50%
Overall Rate of Return        9.51%  
mf:gdk/eagw951.ex/utest
M. Faunce
Exhibit No. 111
EAGLE WATER’S RATE BASE
STAFF AUDIT
Plant in Service $    1,064,789
Less
 Depreciation and Amortization  (      153,653)
 Contributions in Aid of Construction  (      929,125)
 Advances for construction  (       67,168)
Add
  Working Capital Allowance           19,658
Total Rate Base $ (       65,499)
EAGLE WATER'S CAPITAL STRUCTURE
Dollar   Capital     Cost Weighted Cost
Amount  Structure     Rate       Rate
Long term debt
  Unsecured$ 79,463     79.932%   15.357%     12.275%
   Notes payable  16,829   16.929%   11.575%      1.959%
  Secured by
    surcharge
    hook-up fees  50,526   50.824%     8.282%      4.209%
Common Equity( 47,405)  (47.685%)    14.000%     (6.676%)
   Total$ 99,413  100.000%
Overall Rate of Return     11.768%  
mf:gdk/eagw951.ex/utest
M. Faunce
Exhibit No. 112