20210510Compliance Filing.pdf

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LISA D. NORDSTROM
Lead Counsel
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VIA ELEGTRONIC FILING
May 10,2021
Jan Noriyuki, Secretary
Idaho Public Utilities Commission
11331 W. Chinden Blvd., Bldg 8,
Suite 201-A (83714)
PO Box 83720
Boise, ldaho 83720-007 4
Case No. !PC-E-03-11
Annual Compliance Filing of Asset Retirement Obligations ("ARO') Accounting
Standards Codification ("ASC') 410
Dear Ms. Noriyuki
ln Order No. 29414, the ldaho Public Utilities Commission directed ldaho Power Company
("Company") to record regulatory assets or liabilities associated with implementation of Statement
of Financia! 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.
On May 17,2012, Order No. 32549 was issued authorizing the Company to begin recovery
of incremental costs related to the early closure of the Boardman power plant ("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.
Pursuant to Order No. 29414, attached please find all journal entries made under the
requirements of ASC 410. lf you have any questions regarding this filing, please contact
Regulatory Consultant Courtney Waites at [phone] or [e-mail].
Sincerely,
X; !.("*t-^,
Lisa D. Nordstrom
LDN/sh
Enclosurescc: Terri Carlock
r.1 -r,r^-t!,1r.:r:]i!Jt'd
RE:
ldaho Power Company
Accounting Standards Codification 410 (previously FAS 143) Accounting
Year Ended Decombor 31,2020
Recorded joumal entries
December 31, 2019 balances
ARO Assets
Accumulated depreciation - ARO assets
Accumulated depreciation - removal costs
Cash
Regulatory assets
ARO Liabilities
Regulatory liabilities
Accretion expense (Boardman only), cumulative
Depreciation exp€nse (Boardman only), cumulative
Regulatory asset (accretion expense)
AccGtion expense (Boardman only)
ARO liabilities
To rccdd acdetion expense on fhe asset retiement
oiligations
FERCAccount Dr. Cr.
1011'.t07 14,740,897108 - 11,611,915108 't85,684,733
131 - 117,958182.3 18,835,3562n - 28,176,610254 - 185,684,733411 1,961,860403 4,368,401
Caladar year 2020 AccfefE,n, Deqeciation, Regulatuy Asset A,rwtizatiu\ and Remollal Cost Enties
182.3
411
230
899,301
153,296
1,052,597
2
3
Regulatory asset (depreciation expense)
Depreciation expense (Boardman only)
Accumulated depreciation - ARO assets
To rffid deffi*ietion o, the ARO esls
182.3
403
108
564,0.O
4*,410
109,630
Accretion exp€nse (Boardman only)
Depreciation expense (Boardman only)
Regulatory asset (Boardman amortization)
4't'l
403
182.3
23,337
u2,532
tL5,869
To rccdd amdlizatbn of the B@rdtmn rcouletoN esset
Accumulated depreciation - remoyal costs
Regulatory liabilities
3,3fi,724
3,350,724
To rewd adJustrcnts to the ARO regulatoty liability tq
the difrerence between regulatotyapptoved re,noval cdsts
aN the ASC 410 acduals
Calendar year 2020 changes in estimates
705,698
108
254
4
ARO Assets
Regulatory asset
ARO Liabilities
To recod revision of estimated ARO' at Valmy, Bridger,
end Boerdmen-
'182.3
107
230
513,154
192,W
Calenddr year 2020 retiements
Regulatory asset
Cash
ARO Liabilities
To yimarily recud retiements at Bfilger and rettement
soend at B@rdman.
6 182.3
131
230
704,821
532,016
1,236,837
December 31, 2020 balances
ARO Assets
Accumulated depreciation - ARO assets
Accumulated depreciation - r€moval costs
Cash
Regulatory assets
ARO Liabilities
Regulatory liabalities
01t107
108
108
131
182.3
230
254
15,/146,594
182,334,009
',r,oao,ruo
11 ,721,575
649,974
,r,rro,n1u
182,334,009
Exhibit 1