20220104Falls Water 7 Corrected Response.pdf

Rates & Regulatory Affairs
FLS-W-21-03
Application to Amend Certificate of Public Convenience and Necessity No.236
Data Request Response
Request No.: FLS-W-21-03 IPUC DR 7
REQUEST NO. 7: Please provide the proposed accounting treatment, including journal
entries, for the transfer of Honey Bee Estates to Falls Water Co. Inc.
Response:
The accounting treatment currently is under internal review pending the Commission’s
consideration of the Company’s Application. Preliminarily, we believe the book value of
the current system is $1,400, which would be recorded as a credit to Property, Plant &
Equipment. We are determining whether any additional journal entries would be
necessary. Upon Commission approval of the Company’s Application, the Commission
could order the Company to make a compliance filing of the actual accounting
treatment, including journal entries, for the transaction.
Corrected Response:
The accounting treatment currently is under internal review pending the Commission’s
consideration of the Company’s Application. Preliminarily, we believe the book value of
the current system is $1,400, which would be recorded as a credit debit to Property,
Plant & Equipment. We are determining whether any additional journal entries would be
necessary. Upon Commission approval of the Company’s Application, the Commission
could order the Company to make a compliance filing of the actual accounting
treatment, including journal entries, for the transaction.
RECEIVED
2022 JAN 04 AM 9:07
IDAHO PUBLIC
UTILITIES COMMISSION