20060523Compliance filing.pdf

IDAHO
POWER (8)" C
An IDACORP Company
CELESTE SCHWENDIMAN
Senior Analyst
Pricing & Regulatory Services
. , "' , ,', ' . ,
[phone]
FAX [phone]
MAIL cschwendiman(Q1idahopower.com
May 23 , 2006
Ms. Jean D. Jewell
Commission Secretary
Idaho Public Utilities Commission
PO Box 83720
Boise , ID 83720-0074
RE:Annual Compliance Filing for Case No. IPC-03-
Asset Retirement Obligation (SFAS 143)
Dear Ms. Jewell:
In Order No. 29414, the Commission directed the Company to record
regulatory assets or liabilities associated with implementation of Statement of
Financial Accounting Standards (SFAS) 143. As a result of the Order, the Company
is required to file annually, and as part of any rate case filing, all journal entries made
under the requirements of SFAS 143.
Enclosed , please find three copies of the 2005 SFAS 143 compliance filing.
Best regards
-c-
Celeste Schwendiman
CS:ma
Attachments
cc:Ric Gale
Greg Said
Idaho Power Company
FAS 143 Accounting
Year Ended December 31 2005
Recorded journal entries
FERC Account Dr.
; '-
Cr.
December 2004 balances
ARO Assets
Accumulated depreciation - ARO assets
Accumulated depreciation - removal costs
Regulatory assets
ARO Liabilities
Regulatory liabilities
Calendar year 2005 Accretion, Depreciation and Removal Cost Entries
Regulatory asset (accretion expense)
ARO liabilities
To record accretion expense on the asset retirement
obligations
Regulatory asset (depreciation expense)
Accumulated depreciation - ARO assets
To record depreciation on the ARO assets
101
108
108
182.
230
254
182,
230
182.
108
775 120
147 699 823
372 493
531 516
553
859 824
287 789
147 699 823
531 516
553
Accumulated depreciation
Regulatory liabilities
To record adjustments to the ARO regulatory liability for
the difference between regulatory-approved removal costs
and the FAS 143 accruals,
108
254
983,275
983 275
Calendar year 2005 changes in estimates
ARO Assets
Accumulated depreciation - ARO assets
Regulatory asset
ARO Liabilities
To record revision of estimated ARO at Bridger plant.
101
108
182,
230
857 659
745
621 374
260 030
December 2005 balances
ARO Assets
Accumulated depreciation - ARO assets
Accumulated depreciation - removal costs
Regulatory assets
ARO Liabilities
Regulatory liabilities
101
108
108
182.
230
254
632 779
152 683 098
363 188
916 632
079 335
152 683 098
Exhibit 1