HomeMy WebLinkAbout20080530Compliance Filing.pdf'E.l\;ED eslDA~PO~
An IDACORP Company
08
CELESTE SCHWENDIMAN
Sr. Pricing Analyst
May 29,2008
Ms. Jean O. Jewell
Commission Secretary
Idaho Public Utilties Commission
PO Box 83720
Boise, 10 83720-0074
RE: Annual Compliance Filing of Asset Retirement Obligation (SFAS 143)
Case No. IPC-E-03-:v ,(
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 fie 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 2007 SFAS 143 compliance filing.
Best Regards,L~~
Celeste SChwen~an
~
CS:ma
Attachments
cc: Terri Carlock
Ric Gale
Greg Said
1
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if"Idaho Power Company i-u
FAS 143 Accounting iOalfiAY 30 lUi 8:09
Year Ended December 31, 2007
Recorded journal entries
FERC Account Dr.Cr.
December 31,2006 balances
AROAssets 101 4,169,321
Accumulated depreciation - ARO assets 108 2,464,157
Accumulated depreciation - removal costs 108 156,162,048
Regulatory assets 182.3 11,206,056
ARO Liabilties 230 12,911,220
Regulatory liabilties 254 156,162,048
Calendar year 2007 Accretion, Depreciation and Removal Cost Entries
Regulatory asset (accretion expense)182.3 691,526
ARO liabilties 230 691,526
To record accretion expense on the asset retirement
obligations
2 Regulatory asset (depreciation expense)182.3 156,913
Accumulated depreciation - ARO assets 108 156,913
To record depreciation on the ARO assets
3 Accumulated depreciation 108 848,443
Regulatory liabilities 254 848,443
To record adjustments to the ARO regulatory liabilty for
the difference between regulatory-approved removal costs
and the FAS 143 accruals.
Calendar year 2007 changes in estimates
4 Construction Work-in-Progress 101 797,731
Accumulated depreciation - ARO assets 108 19,054
Regulatory asset 182.3 141,267
ARO Liabilities 230 919,944
To record revision of estimated ARO at Valmy, Bridger and
IPC.
Calendar year 2007 retirements
5 Construction Work-in-Progress 101 3,446
Accumulated depreciation - ARO assets 108 3,446
Regulatory asset 182.3 7,697
ARO Liabilties 230 7,697
To record the retirement of PCB Bushings at IPC.
December 31, 2007 balances
AROAssets 101 4,963,606
Accumulated depreciation - ARO assets 108 2,636,678
Accumulated depreciation - removal costs 108 155,313,605
Regulatory assets 182.3 12,188,065
ARO Liabilties 230 14,514,993
Regulatory liabilties 254 155,313,605
Exhibit 1