20090521Compliance Filing.pdf

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An IDACORP Company
SCOTT WRIGHT
Pricing Analyst
May 20,2009
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-E-03-J.ii
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 2008 SFAS 143 compliance fiing.
SinCerely,~.f~'
/j"q -"
Scott Wright
SW:ma
Attachments
c: Terri Carlock
Ric Gale
Greg Said
Tim Tatum
P.O. Box 70 (B3707)
1221 W. Idaho St.
Boise. 10 83702
Idaho Power Company
FAS 143 Accounting
Year Ended December 31, 2008
Recorded journal entries
December 31, 2007 balances
AROAssets
Accumulated depreciation - ARO assets
Accumulated depreciation - removal costs
Regulatory assets
ARO Liabilties
Regulatory liabilties
Calendar year 2008 Accretion, Depreciation and Removal Cost Entries
Regulatory asset (accretion expense)
ARO liabilties
To record accretion expense on the asset retirement
obligations
2 Regulatory asset (depreciation expense)
Accumulated depreciation - ARO assets
To record depreciation on the ARO assets
3 Accumulated depreciation
Regulatory liabilties
To record adjustments to the ARO regulatory liabilty for
the difference between regulatory-approved removal costs
and the FAS 143 accruals.
rr (::f~ t
2009 M¡~Y 21 Ai'1 8= 14
FERC Account Dr.Cr.
101 4,963,606
108 2,636,678
108 155,313,605
182.3 12,188,065
230 14,514,993
254 155,313,605
182.3
230
700,849
700,849
182.3
108
106,938
106,938
108
254
1,523,872
1,523,872
Calendar year 2008 changes in estimates
4 AROAssets
Accumulated depreciation - ARO assets
Regulatory asset
ARO Liabilties
To record revision of estimated ARO at Valmy, Bridger and
IPC.
101
108
182.3
230
359,155
352,681
1,907,719
2,619,555
Calendar year 2008 retirements
5 AROAssets
Accumulated depreciation - ARO assets
Regulatory asset
ARO Liabilities
To record the retirement of PCB Bushings at IPC.
December 31, 2008 balances
AROAssets
Accurnulated depreciation - ARO assets
Accumulated depreciation - removal costs
Regulatory assets
ARO Liabilites
Regulatory liabilties
101
108
182.3
230
181,591
181,591
101
108
108
182.3
230
254
4,604,451
3,096,296
156,837,477
10,906,542
12,414,696
156,837,477
Exhibit 1