20100427Compliance Filing.pdf

HIDA~POR~
An IDACORP Company
SCOTT WRIGHT
Priing Analyst
April 23, 2010
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-03-11
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 filng, all journal entries made under the requirements of SFAS
143.
Enclosed, please find three copies of the 2009 SFAS 143 compliance filng.Sn
Scott Wright
SW:kkt
Attachments
c: Terri Carlock
Ric Gale
Greg Said
Tim Tatum
P.O. Box 70 (83707)
1221 W. Idaho St.
Boise, ID 83702
Idaho Power Company
F AS 143 Accounting
Year Ended December 31, 2009
Recorded journal entries
FERC Accunt Dr.Cr.
December 31, 2008 balances
AROAssets 101 4,604,451
Accumulated depreciation - ARO assets 108 3,096,296
Accumulated depreciation - removal costs 108 156,837,477
Regulatory assets 182.3 10,906,542
ARO Liabilities 230 12,414,696
Regulatory liabilities 254 156,837,477
Calendar year 2009 Accretion, Depreciation and Removal Cost Entres
Regulatory asset (accretion expense)182.3 696,720
ARO liabilities 230 696,720
To record accretion expense on the asset retirement
obligations
2 Regulatory asset (depreciation expense)182.3 67,251
Accumulated depreciation - ARO assets 108 67,251
To record depreiation on the ARO assets
3 Accumulated depreciation 108 1,432,166
Regulatory liabilities ' 254 1,432,166
To record adjustments to the ARO regulatory liability for
the difference between regulatory-approved removal costs
and the FAS 143 accruals. Please note, this is made in the
ELiM business unit now and not the IPC business unit
because it is required for GAAP but not for FERC
Calendar year 2009 changes in estimates
4 AROAssets 101 69,759
Accumulated depreciation - ARO assets 108
Regulatory asset 182.3 3,753,663
ARO Liabilties 230 3,683,904
To record revision of estimated ARO at Valmy, Bndger
and IPC.
Caændar year 2009 addmons
5 AROAssets 101 128,561
Accumulated depreciation - ARO assets 108 9,234
Regulatory asset 182.3 20,046
ARO Liabilities 230 139,373
To record the addition of a pond at Valmy.
Calendar year 2009 retirements
5 AROAssets 101 835,296
Accumulated depreciation - ARO assets 108 835,293
Regulatory asset 182.3 695,098
ARO Liabilities 230 695,098
To record the retirement of a pond at Bndger.
December 31, 2009 balances
AROAssets 101 3,827,957
Accumulated depreciation - ARO assets 108 2,337,488
Accumulated depreciaton - removal costs 108 155,405,311
Regulatory assets 182.3 14,749,124
ARO Liabilities 230 16,239,595
Regulatory liabilities 254 155,405,311
Exhibit 1
Idaho Power Company
FAS 143 Accounting
Year Ended Decmber 31, 2009
Recorded journal entries
FERC Accunt Dr.Cr.
December 31, 2008 balances
AROAssets 101 4,604,451
Accmulated depreciaton - ARO asse 108 3,096,296
Accumulated depreciation - removal costs 108 156,837,477
Regulatory assets 182.3 10,906,542
ARO Liabilties 230 12,414,696
Regulatory liabilities 254 156,837,477
Calendar year 2009 Accretion, Depreciation and Removal Cost Entres
Regulatory asset (accreton expense)182.3 696,720
ARO liabilites 230 696,720
To rerd accn expense on the asset rerement
obligatns
2 Regulatory asset (depreation expense)182.3 67,251
Accumulated deprecion - ARO asset 108 67,251
To record depreation on the ARO asset
3 Accumulated depreation 108 1,432,166
Regulatory liabilities \ 254 1,432,166
To record adjustments to the ARO regulatory liability for
the difernce betwn regulatory-approved removal cos
and the FAS 143 accruals. Please note, this is made in the
ELiM business unit now and not the IPC business unit
becuse it is required for GAAP but not for FERC
Calendar year 2009 changes in estimates
4 AROAssets 101 69,759
Accumulated depreation. ARO asset 108
Regulatory asset 182.3 3,753,663
ARO Liabilites 230 3,683,904
To rerd revision of estmated ARO at Valmy, Bndger
and IPC.
Calendar year 2009 additions
5 AROAssets 101 128,561
Accumulatd depreatin - ARO asset 108 9,234
Regulator asset 182.3 20,046
ARO liabilities 230 139,373
To record the additon of a pond at Valmy.
Calendar year 2009 retirements
5 AROAsset 101 835,296
Accmulated depreation - ARO assets 108 835,293
Regulatory asse 182.3 695,098
ARO Liabilites 230 695,098
To record the reirement of a pond at Bndger.
Deember 31, 2009 balances
AROAssets 101 3,827,957
Accmulaed depreaton - ARO assets 108 2,337,488
Accumulated deprecion - removal costs 108 155,405,311
Regulatory assets 182.3 14,749,124
ARO Liabilities 230 16,239,595
Regulatory liabilities 254 155,405,311
Exhibit 1
Idaho Power Company
FAS 143 Accounting
Year Ended Decber 31, 2009
Recorded journal entries
FERC Accunt Dr.Cr.
Decmber 31, 2008 balances
AROAssets 101 4,604,451
Accumulated depreciation - ARO asset 108 3,096,296
Accumulated depreciaton - removal costs 108 156,837,477
Regulatory assets 182.3 10,906,542
ARO liabilities 230 12,414,696
Regulatory liabilits 254 156,837,477
Calendar year 200 Acction, Depreciation and Removal Cost Entnes
Regulatory asse (acction expense)182.3 696,720
AROllabifites 230 696,720
To rerd accreon expense on the asset reirement
obligations
2 Regulatry asst (clepreciation expense)182.3 67,251
Accumulated depreciation - ARO asset 108 67,251
To record depreation on the ARO assets
3 Accumulated depreaton 108 1,432,166
Regulatory liabilities \ 254 1,432,166
To record adjustents to the ARO reulatory liabilit for
the difrence be regulatory-approed removal co
and the FAS 143 accruals. Please note, this is made in the
ELiM business unit now and not the IPC business unit
because it is required for GAP but not for FERC
Calendar year 2009 changes in estimates
4 AROAssets 101 69,759
Accumulated depreation - ARO asset 108
Regulatory asse 182.3 3,753,663
ARO Liabilities 230 3,683,904
To record revision of estimated ARO at Valmy, Bndger
and IPC.
Calendar year 200 additions
5 AROAssets 101 128,561
Accmulated deprciatn - ARO asss 108 9,234
Regulatory asset 182.3 20,046
ARO Libiliies 230 139,373
To rerd the adition of a pond at Valmy.
Calendar year 2009 retireents
5 AROAssets 101 835,296
Accumulated deprecion - ARO assets 108 835,293
Regulatory asset 182.3 695,098
ARO Liabilites 230 695,098
To rerd the rerement of a pond at Bndger.
December 31, 2009 balancs
AROAssets 101 3,827,957
Accumulated depreciaton - ARO asses 108 2,337,488
Accmulated depreation - removal cos 108 155,405,311
Regulatory assets 182.3 14,749,124
ARO Liabiliies 230 16,239,595
Regulatory Iiabirities 254 155,405,311
Exhibit 1