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Home My WebLink About20031021Avera Exhibit 5.pdfBEFORE THEIDAHO PUBLIC UTiliTIES COMMISSIONCASE NO. IPC-O3-IDAHO POWER COMPANY EXHIBIT NO. W. AVERA DCF Model - Dividend Yield DISCOUNTED CASH FLOW MODEL Exhibit WEA-Page 1 of 1EXPECTED DIVIDEND YIELD (a)(a)EstimatedStockDividends ImpliedCompanyP ri Next 12 Mos.Dividend YieldBKHBlack Hills Corp.$ 31 .$ 1.Hawaiian Electric $ 41 .$ 2.MDU MDU Resources Group $ 32.$ 1.PNM PNM Resources Group $ 26.$ 0.PNW Pinnacle West Capital $ 33.$ 1.PSD Puget Energy, Inc.$ 21 .$ 1.SRE Sempra Energy $ 28.$ 1.XEL Xcel Energy $ 14.$ 0.Average 40/0 (b)Summary and Index The Value Line Investment Survey (August 22 2003). EXHBIIT NO. CASE NO. I PC-03- W. AVERA , IPCo PAGE 1 OF