The URL can be used to link to this page

Home My WebLink About20140423Compliance Filing.pdf<EHM. An IDACORP Company LISA D. NORDSTROM Lead Counsel I nordstrom@idahopower.com April 21 ,2014 Ms. Jean D. Jewell Commission Secretary ldaho Public Utilities Commission PO Box 83720 Boise, lD 83720-0074 :;t RE: Annual Compliance Filing of Asset Retirement Obligations ("ARO') (ASC 410) Case No. IPC-E-03-11 Dear Ms. Jewel!: ln Order No. 29414, the Commission directed ldaho Power Company ('Compan/) to record regulatory assets or liabilities associated with implementation of Statement of Financial Accounting Standards 143 (now codified as Accounting Standards Codification ("ASC") 410). As a result of the Order, the Company is required to file annually, and as part of any rate case filing, all joumal entries made under the requirements of ASC 410. Three copies of the joumal entries are enclosed. On February 15,2012, the Company filed an application requesting authorization to increase its rates for the early closure of the Boardman power plant. On May 17, 2012, Order No. 32549 was issued authorizing the Company to begin recovery of the Boardman balancing account which tracks the incremental costs and benefits associated with the early shutdown of Boardman, including Boardman-related ARO balances. ln addition, Order No. 32549 exempted Boardman-related ARO balances from the deferra! treatment required under Order No. 29414. lf you have any questions regarding this filing, please contact Courtney Waites at (208) 388-561 2 or cwaites@idahopower.com. Sincerely, .2. ,Ato- U.V/o^lAr.".- Lisa D. Nordstrom\ LDN/cdkkt Enclosurescc: Terri Carlock RA Files ldaho Power Company Accounting Standards Codification 410 (previously FAS 143) Accounting Year Ended December 31 , 201 3 Recorded joumal entries FERC Accounl Cr Decamber 31, 2012 balances ARO Assets Accumulated depreciation - ARO assets Accumulated depreciation - removal costs Regulatory assets ARO Liabilities Regulatory liabilities Accretion expense (Boardman only), cumulative DepreciaUon expense (Boardman only), cumulative 1 Regulatoryasset(accretionexpense) Accretion expense (Boardman only) ARO liabilities To record accretion expense on the asset retircment oblioations 101 108 108 182.3 230 254 41',| Zrc3 10,857,152 't68,65t,260 15.O24.662 ,rr,i* 317.075 823,486 230,641 3,399,983 22,982,049 168.651.260 1,054,',t27 Calendar year 2013 Accretion, Depreciation, Regulatory Asset Amortization, and Removal Cod Enties 182.3 411 230 Regulatory asset (depreciation expense) Depreciation expense (Boardman only) Accumulated depreciation - ARO assets To recod deweciation on the ARO as*ts 182.3 403 108 410,918 498,466 909,384 Accretion expense (Boardman only) Depreciation expense (Boardman only) Regulatory asset (Boardman amortization) To record amofiization of the Boardman regulatory asse.t 411 rto3 182.3 91,707 88,547 180,254 Accumulated depreciation - removal cosB Regulatory liabilities To record adjustnents to the ARO regulatory liabiliy for the differcnce between regulatqy-approved rcmoval cosi.s aN the ASC 410 accruals. 't08 254 5,322,607 5,322,607 Calendar War 2013 changes in estimates 5 ARO Assets Accumulated depreciation - ARO assets Regulatory asset ARO Liabilities To record revision of estimated ARO' at Valmy, Bridger, Boerdmen. and lPC. 101 108 182.3 230 59,283 2,927,737 277,635 2.709.386 Caledar year 2013 retirements 6 Regulatoryasset ARO Liabilities To recqd the retirement of a pond at Bidger. 182.3 230 980,199 980,199 D*ember 31, 2O13 balances ARO Assets Accumulated depreciation - ARO assets Accumulated depreciation - removal costs Regulatory assets ARO Liabilities Regulatory liabilities 101 108 108 182.3 230 254 10,579,518 173,973,867 18,026,351 4,250,;84 25.765,364 173,973,867 ldaho Power Company Accounting Standards Codifi cation 41 0 (previously FAS 1 43) Accounting Year Ended December 31 , 201 3 Recorded joumal entries FERC Account December 31, 2012 balances ARO Assets Accumulated depreciation - ARO assets Accumulated depreciation - removal costs Regulatory assets ARO Liabilities Regulatory liabilities Acrretion expense (Boardman only), cumulative Depreciation expense (Boardman only), cumulative Calendar year 2013 Accretion, Depreciatidl, Regulatoty AssP.t Amoftization, and Removal Cosi. Entries CrDr 101 108 108 182.3 230 254 411 lm3 10,857,152 168.651,260 15,O24,662 183,144 317,O75 230,641 3,399,983 22.982.049 168,651.260 't,054,127 1 Regulatoryasset(accretionexpense) Accretion expense (Boardman only) ARO liabilities To record accretion expense on the asset retirernent oblioations 182.3 823,2A6 411 230 Regulatory asset (depreciation expense) Depreciation expense (Boardman only) Accumulated depreciation - ARO assets To record deoreciation on the ARO assets 182.3 zm3 108 410,918 498,2166 909,384 Accretion expens€ (Boardman only) Depreciation expense (Boardman only) Regulatory asset (Boardman amortization) To record amortization of the Boardman reaulatdv ass€.t 41143 182.3 91,707 88,547 180,254 Accumulated depreciation - removal costs Regulatory liabilities To record adjustments to the ARO regulatw liability for the difference between regulatory-approved removal costs and the ASC 410 accruals. 108 254 5,322,607 5,322,607 Calendar year 201 3 changes in estimates ARO Assets Accumulated depreciation - ARO assets Regulatory asset ARO Liabilities To record revision of estimated ARO9 at Valmy, Bridger, Boardman, and lPC. 101 108 r 82.3 230 59,283 2,927,737 277,635 2,709,386 Calendar year 2013 retirements 6 Regulatoryasset ARO Liabilities To recffd the retirernent of a Dond at Bidoer. 182.3 230 980,199 December 31 , 201 3 balances ARO Assets Accumulated depreciation - ARO assets Accumulated depreciation - removal costs Regulatory assets ARO Liabilities Regulatory Iiabilities 101 108 108 182.3 230 254 10,579,518_ 4.250.084 1 73,973,867 18,026,351- 25,765,364- 173,973,867 ldaho Power Company Accounting Standards Codification 410 (previously FAS 143) Accounting Year Ended December 31 , 201 3 Recorded joumal entries FERC Account December 31, 2012 balances ARO Assets Accumulated depreciation - ARO assets Accumulated depreciation - removal costs Regulatory assets ARO Liabilities Regulatory liabilities Accretion expense (Boardman only), cumulative Depreciation expense (Boardman only), cumulative Calendar year 2013 Accretion, Depreciation, Regulatory AssP,t Amottization, and Removal Cost Entrbs Cr. 101 108 108 182.3 230 254 41',|. 403 10,857,152 168,651,260 15,O24,662 ',ru,i* 317,O75 823,/A6 230,641 3,399,983 22.982.049 168,651,260 't,054,127 1 Regulatoryasset(accretionexpense) Accretion expense (Boardman only) ARO liabilities To record accretion expense on the asset tBrr,TBrnenf oblioations 182.3 411 230 Regulatory asset (deprecaation expense) Depreciation expense (Boardman only) Accumulated depreciation - ARO assets To recod depreciation on the ARO assets 182.3 rm3 108 410,918 498,466 909,384 Accretion expense (Boardman only) Depreciation expense (Boardman only) Regulatory asset (Boardman amortization) To record amottization of the Boardman reoulatory assF,t 411 403 182.3 91,707 88,547 180,254 Accumulated depreciation - removal costs Regulatory liabilities To recud adjustments to the ARO regulatoty liabilry for the difference between regulatoty-approved removal cos/,'s and the ASC 410 accruals. 108 254 5,322,607 5,322,607 Calendar year 2013 changes in estimates 5 AROAssets Accumulated depreciation - ARO assets Regulatory asset ARO Liabilities To reco(d revision of estimatad AROs at Vahny, Bidger, Boardman. end lPC. 101 108 182.3 230 59,283 2,927,737 277,635 2,709,386 Calendar year 2013 retirements 6 Regulatoryasset ARO Liabilities To recotd the retireflrent of a Dond at Bridoer. 't82.3 230 980.1 99 980,199 December 31, 2013 balances ARO Assets Accumulated depreciation - ARO assets Accumulated depreciation - removal costs Regulatory assets- ARO Liabilities Regulatory liabilities 10't 't08 108 182.3 230 254 10,579,518 173,973,867 18,026,35't 4,2fi,O84 25,765.364 173.973.867