20150402Compliance filing.pdf

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April2,2015
LISA D. NORDSTROM
Lcad Counsel
I [e-mail]
LDN/KKI
Enclosurescc: Terri Carlock
Sincerely,
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L: 02
Ms. Jean D. Jewell
Commission Secretary
ldaho Public Utilities Commission
PO Box 83720
Boise, lD 83720-0074
RE: Annua! Compliance Filing of Asset Retirement Obligations ("ARO") (ASC 410)
Case No. IPC-E-03-11
Dear Ms. Jewell:
ln Order No. 29414, the Commission directed ldaho Power Company ("Company")
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, alljournal entries made under the requirements of ASC 410. Three
copies of the journal entries are enclosed.
On February 15, 20'12, 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 incremental
costs related to the early closure of Boardman and established the Boardman balancing
account which tracks the difference between cost and revenues, including Boardman-
related ARO balances. ln addition, Order No. 32549 exempted Boardman-related ARO
balances from the deferraltreatment required under Order No. 29414.
If you have any questions regarding this filing, please contact Courtney Waites at
(208) 388-561 2 or [e-mail].
ldaho Power Company
Accounting Standards Codification 410 (previously FAS 143) Accounting
Year Ended December 31, 2014
Recorded journal entries
FERC Account
December 31, 2013 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 2014 Accretion, Depreciation, Regulatory Asset Amwtization, and Removal Cost Enfres
Dr.
10't
108
108
182.3
230
254
411
rto3
10,579,s18
173,973,867
18,026,351
505,492
904,087
842,406
218,099
o,rgo,o"o
25,765,364
173.973.867
1,060,505
1 Regulatoryasset(accretionexpense)
Accretion expense (Boardman only)
182.3
411
ARO liabilities 230
To record accretion expense on the asset retirenpnt
oblioations
Regulatory asset (depreciation expense)
Depreciation expense (Boardman only)
Accumulated depreciation - ARO assets
To record deweciation on lhe ARO assefs
182.3
403
'108
181,265
406,569
587,834
Accretion expense (Boardman only)
Depreciation expense (Boardman only)
Regulatory asset (Boardman amortization)
To record amoftization of the Boardman reaulatory asse.t
411
403
182.3
91 ,617
88,lmo
180,O77
Accumulated depreciation - removal costs
Regulatory liabilities
To recod adjustments to the ARO regulatory liability for
the difference between regulatory-approved removal costs
and the ASC 410 accruals.
108
254
6,088,832
6,088,832
Calendar year 2014 changes in e$imates
5 ARO Assets
Accumulated depreciation - ARO assets
Regulatory asset
ARO Liabilities
To record revision of estimated AROs at Valnry, Bidger,
Boardman, and lPC.
101
108
182.3
230
338,965
4.139.969
3,673,688
805.245
Calendar year 2014 rethements
6 Regulatoryasset
ARO Liabilities
To primaily recud retirenants related to a FGD WN at
Bridoer.
182.3
230
755,851
755,851
December 31, 201 4 balances
ARO Assets
Accumulated depreciation - ARO assets
Accumulated depreciation - removal costs
Regulatory assets
ARO Liabilities
Regulatory liabilities
101
108
108
182.3
230
254
6,905,830- 4,498,9s3
180,062,699
17,308,849- 21,930,049- '180,062,699