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Home My WebLink About20070822Disposition of buildings.pdfIDAHO POWE R (8) IDAHO POWER COMPANY PO BOX 70 BOISE, IDAHO 83707 An IDACORP Company BETSY GALTNEY Regulatory Affairs Representative Pricing & Regulatory Services Df';('EIVEDf\;",..'-.J (208) 388-5309 FAX (208) 388-6449 MAIL boaltney(Q)idahoDower.comnf-j ;\;1' ' A Q. vw, , ,,-, L, . i UTIL is d';F,:d'1\~SJON August 21 , 2007 Ms. Jean Jewell Commission Secretary Idaho Public Utilities Commission PO Box 83720 Boise, Idaho 83720-0074 RE:Disposition of Buildings American Falls Office Dear Ms. Jewell: In a letter dated October 20 2003 , Don Howell requested that Idaho Power keep the Staff informed of the status of the dispensation of buildings no longer used in utility operations. This letter serves as notice to the Commission that Idaho Power has sold the American Falls office located at 119 Harrison , American Falls, Idaho 83211 that formerly served as a customer service office. The transaction closed on July 19, 2007 and the property was sold for $129 000. The property is being retired under Work Order #27258913. The accounting entries related to this sale are attached. BG:ma Attachment Don Howell, IPUC Terri Carlock, IPUC Ric Gale Doug Jones Les Hogg 108000 421190 101000 10 1 000 131201 108000 421190 American Falls Office Property Sale Purchased 1987, cost basis at time of sale $248 838. Work order 27258913 Accumulated provision for depreciation - retire improvements Gain on disposition of property - retire land Electric plant in service - retire improvements Electric plant in service - retire land 228 872.41 965. 228 872.41 965. 106 293. 206.40 This is a proposed sale. The Cash amount represents a proposed sales valuation. Since this is a proposal, no actual expenses have yet been recorded for this event. Estimated gain on sale of land is $3240.74. To record retirement of land and improvements due to sale of the American Falls Office. Cash - sale proceeds Accumulated provision for depreciation - cash allocated to depreciable property Gain on disposition of property - cash allocated to non-depreciable property 129 500. To record proceeds from sale of the American Falls Office.