20020430Idaho Power's Late Filed Exhibit No. 13.pdf

Ro.BOX 70 LARRY D.RIPLEYBOSE,IDAHO 83707 SeniorAttorneyAnIDACORPcompanyamao:
April 30,2002 Liß
Ms.Jean D.Jewell,SecretaryIdahoPublicUtilitiesCommission472WestWashingtonStreet
P.O.Box 83720
Boise,Idaho 83720-0074
Re:Case No.IPC-E-02-02/Case No.IPC-E-02-03Late-Filed Exhibit No.13
Dear Ms.Jewell:
As agreed at the hearing,please find enclosed for filing in the above-entitled matter eight (8)copies of late-filed Exhibit No.13.A copy of this Exhibit will bemailedtothepartiesofrecorduponverificationfromStaffthatStaffisinagreementwiththecomputationsandthatthisExhibithasbeenfiledwithyou.
I would appreciate it if you would return a stampedcopy of this transmittalletterforourfiles.
Very truly yours,
Larry D.ipley
LDR:jb
Enclosures
c:Parties of Record
Telephone[phone],FAX [phone]
Securitization Analysis
Current PCA rate 1.7241
Rate Components Rate Percentage Change
cents/kWh In RevenueForecast0.2156
True Up
As Filed $223,286,727IrrigationDisallowance$12,015,187
Company Position $211,271,540 1.5994AdditionalStaffdisallowances$3,949,987StaffPosition$207,321,553 1.5695
Carry over (ends October 1)0.3826
One year PCA (Company)2.1976 8.50%One year PCA (Staff)2.1677 7.96%
Securitization $100,000,000Carryovercomponent$18,000,000Trueupreduction$82,000,000
Collateralization (paid by IPCo)$1,700,000
Other up front fees (maximum)$5,300,000
IdaCorp share $2,650,000
Customer share of fees $2,650,000|
Securitization plus Customer Fees $102,650,000 APRInterest(3 year)$8,091,982 6.25%Interest (2 year)$5,803,790 7.07%
Securitization charge (3 year)0.3236Securitizationcharge(2 year)0.4641
Forecast |0.2156|RemainingTrue Up
Company $129,271,540 0.9786Staff$125,321,553 0.9487
Total Charges
Total 3 year rate (Company)1.5178 -3.70%Total 3 year rate (Staff)1.4879 -4.24%Total 2 year rate (Company)1.6583 -1.18%Total 2 year rate (Staff)1.6284 -1.72%
Idaho Power Company
Late Filed Exhibit No.13
Case No.IPC-E-02-02/03
Page 1 of 2
Securitization Analysis
Current PCA rate 1.7241
Rate Components Rate Percentage Change
cents/kWh In Revenue
Forecast 0.2156
True Up
As Filed $223,286,727
Irrigation Disallowance $12,015,187
Company Position $211,271,540 1.5994
Additional Staff disallowances $3,949,987
Staff Position $207,321,553 1.5695
Carry over (ends October 1)0.3826
One year PCA (Company)2.1976 8.50%
One year PCA (Staff)2.1677 7.96%
Securitization $165,000,000
Carry over component $18,000,000
True up reduction $147,000,000
Collateralization (paid by IPCo)$1,700,000
Other up front fees (maximum)$5,300,000
ldaCorp share $2,650,000
Customer share of fees $2,650,000|
Securitization plus Customer Fees $167,650,000 AFil
Interest (3 year)$13,215,990 5.56%Interest (2 year)$9,478,849 6.06%
Securitizationcharge (3 year)0.5281Securitizationcharge(2 year)0.7576
Forecast j 0.2156|
RemainingTrue Up
Company $64,271,540 0.4866
Staff $60,321,553 0.4567
Total Charges
Total 3 year rate (Company)1.2303 -8.86%
Total 3 year rate (Staff)1.2004 -9.40%Total 2 year rate (Company)1.4598 -4.74%Total 2 year rate (Staff)1.4299 -5.28%
Idaho Power Company
Late Filed Exhibit No.13
Case No.IPC-E-02-02/03
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