20110519Compliance Filing.pdf

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HIDA..PO.
An IDACORP company
SCOTT WRIGHT
Regulatory Analyst'
May 17, 2011
Ms. Jean D. Jewell
Commission Secretary
Idaho Public Utilities Commission
PO Box 83720
Boise, 10 83720-0074
RE: Annual Compliance Filng 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 filing, all journal entries made under the requirements of SFAS
143.
Enclosed, please find three copies of the 2010 SFAS 143 compliance filing.
/;/iØ
Scott Wright
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Attachments
cc: Terri Carlock
Greg Said
Tim Tatum
Idaho Power Company
FAS 143 Accounting
Year Ended December 31,2010
Recorded journal entries
December 31,2009 balances
AROAssets
Accumulated depreciation - ARO assets
Accumulated depreciation - removal costs
Regulatory assets
ARO Liabilties
Regulatory liabilties
Calendar year 2010 Accretion, Depreciation and Removal Cost Entries
Regulatory asset (accretion expense)
ARO liabilties
To record accretion expense on the asset retirement
obligations
2 Regulatory asset (depreiation expense)
Accumulated depreciation - ARO assets
To record depreciation on the ARO assets
3 Accumulated depreciation - removal costs
Regulatory liabilities
To record adjustments to the ARO regulatory liabilty 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 2010 changes in estimates
4 AROAssets
Accumulated depreciation - ARO assets
Regulatory asset
ARO Liabilties
To recrd revision of estimated ARO at Valmy, Bndger
and IPC.
FERC Account Dr.Cr.
101 3,827,960
108 2,337,488
108 155,405,311
182.3 14,749,123
230 16,239,594
254 155,405,311
182.3
230
818,525
818,525
182.3
108
162,903
162,903
108
254
2,236,662
2,236,662
101
108
182.3
230
358,246
1,043
572,237
929,441
Calendar year 2010 additions
5 AROAssets
Accumulated depreciation - ARO assets
Regulatory asset
ARO Liabilties
To recrd the addition of a pond at Valmy.
Calendar year 2010 retirements
5 AROAssets
Accumulated depreciation - ARO assets
Regulatory asset
ARO Liabilties
To record the retirement of a pond at Bndger.
December 31, 2010 balances
AROAssets
Accumulated depreciation - ARO assets
Accumulated depreciation - removal costs
Regulatory assets
ARO Liabilties
Regulatory liabilties
101
108
182.3
230
101
108
182.3
230
136,678
32,035
931,003
1,035,646
101
108
108
182.3
230
254
4,049,528
2,469,399
157,641,973
15,371,785
16,951,914
157,641,973
RECEIVED
2011 MAY l 9 PH 2= l 5
Exhibit 1