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HomeMy WebLinkAbout20031021Avera Exhibit 6.pdfBEFORE THEIDAHO PUBLIC UTiliTIES COMMISSIONCASE NO. IPC-O3-IDAHO POWER COMPANY EXHIBIT NO. W. AVERA DCF Model - Projected Earnings Growth DI S C O U N T E D C A S H F L O W M O D E L Exhibit WEA-Page 1 of 1 EA R N I N G S G R O W T H R A T E S Pro j e cte dHistorical (a ) (b ) (c)(d)(b)(b) Va l u e Firs tM u ItexPastPast Co m p a n y IB E S Li n e CallInvestor10 Yr5 Yr BK H Bl a c k H i l l s C o r p . 15. Ha w a i i a n E l e c t r i c 1 % MD U MD U R e s o u r c e s G r o u p 12. PN M PN M Re s o u r c e s G r o u p NM F 19. PN W Pi n n a c l e W e s t C a p i t a l NMF PS D Pu g e t E n e r g y , In c . NMFNMF SR E Se m p r a E n e r g y XE L Xc e l E n e r g y NM F NMF Av e r a g e 30 / 0 70 / 0 50/000/030/01 % NM F - - N o M e a n i n g f u l F i g u r e NA - - N o t A v a i l a b l e (a ) (b ) I/ B / E / S I n t e r n a t i o n a l g r o w t h r a t e s f r o m S t a n d a r d & P o o r Earnings Guide, (August 2003). Th e V a l u e L i n e I n v e s t m e n t S u r v e y ( A u g u s t 1 5 20 0 3 ) . N e g a t i v e g r o w t h rates recorded as No M e a n i n g f u l F i g u r e . Fi r s t C a l l E a r n i n g s E s t i m a t e s f r o m w w w . f i n a n c e . ya h o o . com (September 1 , 2003). Mu l t e x I n v e s t o r e a r n i n g s g r o w t h r a t e s f r o m w w w . mu i t e x i n v e s t o r . com (September 1, 2003).EXHBIIT NO. (c ) (d ) CASE NO. IPC-03-W. AVERA, IPCo PAGE 1 OF