20130328Land Conveyance.pdf

SEHM
An IDACORP Company
COURTNEYWAITES
Regulatory Analyst
nr*=;'i:-r
?813 H,4R 28 EFI g, Ltr
ill ":j,- , f;!-: ir ri.l ., ..
'_.1'i-;'_,,,'::,_._. , -
March 27,2013
Jean D. Jewell, Secretary
ldaho Public Utilities Commission
472 West Washington Street
Boise, ldaho 83702
Re: ldaho Power Company Land Conveyance - Hillsdale Substation
Dear Ms. Jewell:
On June 13,2012,1daho Power Company ("ldaho Power" or'Company") advised the
ldaho Public Utilities Commission ('Commission') that the Company intended to convey
0.171 acres of land (.Property") to the Ada County Highway District ('ACHD') near the
intersection of Amity and Eagle Roads in Ada County. The Company determined that the
conveyance of the Property did not require Commission approval per ldaho Code S 61-328.
In a letter dated August 20, 2012, Donald L. Howell, ll, Deputy Attorney General, advised
ldaho Power that the Commission approved the Company's proposed conveyance of the
Property to ACHD and advised ldaho Power to file final accounting entries when the real
estate transaction and necessary construction were complete. Pursuant to the Commission's
request, ldaho Power hereby submits the final accounting entries for the Hillsdale Substation
land conveyance to ACHD. There were two work orders involved in the transaction, one for
the land sale and one for the gate work and landscaping that resulted from the roundabout
constructed by ACHD. The first page of accounting entries relates to the land sale and the
second page relates to the gate redesign.
ldaho Power received compensation from ACHD in the amount of $31,281.50 (the
initial estimate of $23,526.50 + an additional $7,755 in landscaping costs). Of this amount,
$7,430.00 was paid for land conveyed in the transaction. As shown in the attached
accounting entries, the book value of the Company's land conveyed to ACHD was $9,346.68,
resulting in a total loss on the $7,430.00 disposition of the land of $1,916.68.
lf you have any questions regarding this filing, please contact me at 388-5612 or
cwaites@idahopower. com.
CW:kkt
Enclosureccr Tim Tatum
RA File
Legal File
Hillsdale Substation Land Sale
Work Order273742OO
1 08000 Accumulated Provision for Depreciation
101000 Electric Plant in Service
To record retirement of improvements due to sale
421200 Loss on Disposition of Propefi
101000 Electric Plant in Service
To record retirement of land due to sale
131201 Cash
1 08000 Accumulated Provision for Depreciation
To record proceeds from sale - cash allocated to
depreciable property
131201 Cash
421200 Loss on Disposition of Property
To record proceeds from sale - cash allocated to
non-depreciable property
131201 Cash
454101 Operating Revenue
To record proceeds from sale of temporary easement
$3,525.00
$9,346.68
$3,525.00
$7,430.00
$911.50
$3,525.00
$9,346.68
$3,52s.00
$7,430.00
$911.50
Hillsdale Substation Gate Redesign
Work Order27379242
1 08000 Accumulated Provision for Depreciation
101000 Electric Plant in Service
To record retirement of improvements due to
gate redesign
131201 Cash
107000 Construction Work in Progress
To record proceeds - cash allocated to
improvements due to gate redesign
107000 Construction Work in Progress
1 08000 Accumulated Provision for Depreciation
131201 Cash
To record cost of improvements due to gate
redesign.
107000 Construction Work in Progress
101000 Electric Plant in Service
1 08000 Accumulated Provision for Depreciation
CIAC allocation and close
101000 Electric Plant in Service
107000 Construction Work in Progress
Close work order costs to plant.
$5,587.00
$19,415.00
$17,180.05
$2,320.00
$19,415.00
$5,587.00
$19,415.00
$19,500.05
$17j05.12
$2,309.88
$17,180.05
$17,180.05
To record permanent close of work order which is expected to occur in July 2013