20031021Smith Exhibit 18.pdf

BEFORE THE
IDAHO PUBLIC UTILITIES COMMISSION
CASE NO. IPC-E-03-13
IDAHO POWER COMPANY
EXHIBIT NO. 18
L. SMITH
Annualizing Adjustments to Operating
Expenses and Rate Base
Idaho Power Company
Summary of Annualizing Adjustments to 2003
Operating Expenses
Line Source
No. Page Amount
Annualizing Adjustments
A Operating Payroll $ 2.913.244
? A Property & Liability Insurance 384,583
3 Total Annualizing Adjustments $ 3,297,826
EXHIBIT NO. 18
CASE NO. IPC-E-03- 13
L. SMITH, IPCo
PAGE 1 OF4
Idaho Power Company
Detail of Annualizing Adjustments to 2003
Operating Expenses
A
Line
No. Amount
1) Operating Payroll (Various accts)
December estimated two pay periods $ 8,356,933
2 Times 13 (26 pay periods per year) 108,640, 131
3 Less 2003 Estimated Total Year 104,404,373
4 Gross Adjustment 4,235,758
5 Operating percent 68.78%
6 Adjustment to Operating Expense $ 2,913,244
2) Liability & Property Insurance (924 & 925)
7 New monthly premium $ 561,647
8 Annualized (Times 12) 6,739,760
9 Less 2003 Actual/Estimated 6,334,487
10 Annualizing Adjustment $ 405,273
11 Less Portion to Subsidiaries (5.1053%) 20,690
12 Idaho Power Portion $ 384,583
EXHIBIT NO. 18
CASE NO. IPC-E-03- 13
L. SMITH, IPCo
PAGE20F4
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lrl::ihn Power Company
Detail of Annualizing Adjustment
Depreciation Expense in Account 403
2003 Expected to 2004 Depreciation using 12/03 Plant Balances
2
2003 Depreciation Expense - Expected
�004 Depreciation Expense based on 12/03 Plant
$ 88,152,411
$ 91,072,585
3
4
Increase to Depreciation Expense using December Plant
lncre aoc to Dcprcoia.tion Rocorvo Account 108 (Av.;,ragG)
$ 2,920, 174 I
/ 1 ,4F.0,087 1 /
1 Detail by FERC categories: A/C 403 A/C 108
5 Total Steam Production $ 547,152 $ 273,576
f:j I otat Hydro Production $ OG,081 $ 33,046
7 Total Other Production $ 41,726 $ 20,863
8 Total Transmission Stations $ 241,636 $ 120,818
9 Total Transmission Lines $ 343,923 $ 171,961
10 Total Distribution Stations $ 151,689 $ 75,845
11 Total Distribution Lines $ 711,960 $ 355,980
12 Total General $ 815,996 $ 407,998
13 Total Adjustment $ 2,920,174 $ 1,400,007
EXHIBIT NO. 18
CASE NO. IPC-E-03-13
L. SMITH, IPCo
PAGE 4 OF4