20070326Compliance filing.pdf

IDAHO
POWE R CID
IDAHO POWER COMPANY
O, BOX 70
BOISE, IDAHO 83707
An IDACORP Company / I"
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I, C' I U
CELESTE SCHWENDIMAN
Senior Analyst
Pricing & Regulatory Services
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[phone]
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March 23 , 2007
Ms. Jean D. Jewell
Commission Secretary
Idaho Public Utilities .commission
PO Box 83720
Boise, ID 83720-0074
RE:Annual Compliance Filing of Asset Retirement Obligation (SFAS 143)
Case No. IPC-03-
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 2006 SFAS 143 compliance filing.
Best Regards~~c-
Celeste Schwendiman
CS:ma
Attachments
cc:Ric Gale
Greg Said
Idaho Power Company
FAS 143 Accounting - Asset Retirement Obligations
Year Ended December 31 2006
Recorded journal entries
December 31 2005 balances
ARO Assets
Accumulated depreciation - ARO assets
Accumulated depreciation - removal costs
Regulatory assets
ARO Liabilities
Regulatory liabilities
Calendar year 2006 Accretion, Depreciation and Removal Cost Entries
Regulatory asset (accretion expense)
ARO liabilities
To record accretion expense on the asset retirement
obligations
FERC Account Dr,Cr.
101 632 779
108 916,632
108 152 683,098
182,363 188
230 079 335
254 152 683 098
182.
230
627 684
627 684
Regulatory asset (depreciation expense)
Accumulated depreciation - ARO assets
To record depreciation on the ARO assets
182.
108
131 824
131 824
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
3,478,950
3,478 950
Calendar year 2006 changes in estimates
ARO Assets
Regulatory asset
Accumulated depreciation - ARO assets
ARO Liabilities
To record new ARO's resulting from FIN 47
implementation,
101
182,
108
230
536,541
083,361
415 701
204 201
December 2006 balances
ARO Assets
Accumulated depreciation - ARO assets
Accumulated depreciation - removal costs
Regulatory assets
ARO Liabilities
Regulatory liabilities
CORPACT\FR\ARODUMMY 3,xls
3/23/2007
101
108
108
182,
230
254
169 320
2,464 157
156 162 048
206 056
911 220
156 162 048