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HomeMy WebLinkAbout20040318Peseau Rebuttal.pdfConley E. Ward (ISB No. 1683) GIVENS PURSLEY LLP 601 W.Bannock Street O. Box 2720 Boise ID 83701-2720 Telephone No. (208) 388-1200 Fax No. (208) 388-1300 cew~givenspursley.com ;LED .-., L:',_0 - r f~ F V ,- . ,. '" ~, '- , t. 'In m !u p Lb"dl,nl\ 0 , '" ,.. '..' ,, ' l- : ' ,..' UT It.! T !E:) COt'ii"j! SS ION Attorneys for Micron Technology, Inc. S:\CLlENTS\4489\I7\Rebuttal Testimony of Dennis Eo PeseauoDOC BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION IN THE MATTER OF THE APPLICATION OF IDAHO POWER COMPANY FOR AUTHORITY TO INCREASE ITS INTERIM AND BASE RATES AND CHARGES FOR ELECTRIC SERVCE Case No. IPC-03- REBUTTAL TESTIMONY OF DENNIS E. PESEAU ON BEHALF OF MICRON TECHNOLOGY, INc. March 19 2004 OR\G\NAL PLEASE STATE YOUR NAME AND BUSINESS ADDRESS. My name is Dennis E. Peseau. My business address is Suite 250, 1500 Liberty Street , Salem, Oregon 97302. ARE YOU THE SAME DENNIS PESEAU WHO PREVIOUSLY FILED DIRECT TESTIMONY IN THIS PROCEEDING? Yes, I am. WHAT COST OF SERVICE AND RATE DESIGN ISSUES DOES YOUR REBUTTAL TESTIMONY ADDRESS? I will briefly address the cost of service and rate design issues raised by Idaho Irrigation Pumpers' witness, Anthony Yankel. I address his issues only briefly because his conclusions and recommendations in regard to cost of service and rate design are so deviant from every other party in these proceedings. All other parties, whether or not they agree precisely with Idaho Power s cost of service studies, recognize the general reliability of the Company s studies, as well as the fact that, with one exception I discussed in my direct testimony, they follow prior Commission-approved methodologies. Mr. Yankel's testimony, on the other hand, professes confusion about the Company s study to such a degree that he claims he has no other choice but to fall back on his recommendation to raise each customer class' rates by a uniform average percentage. REBUTT AL TESTIMONY OF DENNIS E. PESEAU- 2 IPUC Case No. IPC-O3- WHAT IS THE REAL ISSUE HERE? Mr. Yankel is facing the imposing task of having to deny what is evident and obvious to everyone - that irrigation pumpers have been receiving huge and growing rate subsidies for many years. These subsidies have been paid by residential, commercial, industrial and special contract customers. From my reading of other parties ' testimony, I conclude that all customer classes want this subsidy to cease and allow such customers' rates to be based on the respective costs of serving them. WHAT SPECIFIC PORTIONS OF MR. YANKEL'S TESTIMONY DO YOU ADDRESS? I address his allegations wherein: Mr. Yankel claims that Idaho Power ... cost-of-service study produces erroneous and unreliable results..." (pg 3 , lines 4-5) and Idaho Power s study has modeling problems because ... the Company s cost-of-service model is little better that a "Black Box ... " (pg 23 , lines 13-14). Mr. Yankel implies that a differential growth rate among customer classes is a legitimate basis for attributing costs of service. Mr. Yankel' s suggests that returning to a distant policy of allocating demand costs on the basis of an average 12-CP is somehow superior to the more recent but longstanding policy of using a weighted 12-CP allocator. REBUTTAL TESTIMONY OF DENNIS E. PESEAU- 3 IPUC Case No. IPC-O3- DID YOU FIND THE COMPANY'S COST OF SERVICE MODEL TO BE EITHER ERRONEOUS AND UNRELIABLE, OR MYSTERIOUS? No. As I concluded in my direct testimony ... In general, I conclude that Idaho Power cost of service study is consistent with sound costing methods and prior Commission orders..." (Peseau, pg 19 lines 9-10). From my brief review of other parties' testimony, all others but the irrigation pumpers concluded the same. Furthermore, I disagree with Mr. Yankel's assertion that Idaho Power s cost of service study is an unintelligible Black Box." I encountered no difficulties in independently changing assumptions in the Company s model and re-running it to test its veracity and reasonableness of the results. WHAT IS THE ISSUE WITH RESPECT TO MR. YANKEL'S TESTIMONY ON DIFFERENTIAL GROWTH RATES AMONG IDAHO POWER'S CUSTOMER CLASSES? On page 21 , lines 4-18 ofMr. Yankel's testimony, he suggests that irrigation loads are not" . . . fueling the need for a rate increase. . . " . While it may be tempting to attribute blame for rate increases on relative customer growth rates, it is not valid to do so. Customers that place demands on Idaho Power s system disproportionately in high-cost peak load periods cause higher costs to be incurred whether or not the particular class is growmg. Any new capital expenditures made by Idaho Power, in the course of its cost of service study, are allocated according to the relative customer demands by season. Irrigation loads contribute relatively more to coincident system peak due to their concentration of demand in the high cost summer season. REBUTT AL TESTIMONY OF DENNIS E. PESEAU- 4 IPUC Case No. IPC-O3- MR. YANKEL PROPOSES ON PAGE 3, LINES 6-8 OF HIS TESTIMONY THAT THE COMMISSION USE AN AVERAGE 12-CP ALLOCATOR BECAUSE AN AVERAGE 12-CP ALLOCATOR IS USED IN THE COMPANY'S JURISDICTIONAL STUDY. DOES CONSISTENCY REQUIRE THIS? , absolutely not. The average 12-CP allocator referenced in the jurisdictional study is often required by FERC. But even at FERC , after a jurisdictional separation is made, the actual allocation of transmission demand costs is required to be made on any number of CP allocators, including a l-, 3-, 4-CP or other coincident peak basis. I recently filed testimony before FERC where a 4-CP transmission cost allocator is proposed in spite of a 12-CP jurisdictional allocator. Further, I recommend that this Commission remain with the weighted 12-CP on the basis of merit and not defer this important issue to FERC. DO YOU HAVE ANY OTHER NEW OBSERVATIONS ABOUT THE IRRIGATION SERVICE ISSUES? I am offering two exhibits that explain how my proposed deferred regulatory asset or Subsidy Account would work if the Commission accepted the Staff s proposed revenue requirement in this case. WOULD YOU PLEASE EXPLAIN THE TWO EXHIBITS? Exhibit 709 summarizes the effects of a 5-year recovery of this account. Irrigation customers would experience a 15% increase in the first year and 13.21 % each year thereafter, until reaching parity. Exhibit 710 contains the same calculations with a 10 REBUTTAL TESTIMONY OF DENNIS E. PESEAU- 5 IPUC Case No. IPC-O3- year deferral. In this alternative, the initial 15% increase would be followed by annual 11 % increases. DOES THIS CONCLUDE YOUR TESTIMONY? Yes. REBUTTAL TESTIMONY OF DENNIS E. PESEAU- 6 IPUC Case No. IPC-O3- CERTIFICATE OF SERVICE I HEREBY CERTIFY that on this 18th day of March 2004, I caused to be served a true and correct copy of the foregoing by the method indicated below, and addressed to the following: Jean Jewell Idaho Public Utilities Commission 472 W. Washington Street O. Box 83720 Boise, ID 83720-0074 John R. Gale Vice President Regulatory Affairs Idaho Power Company O. Box 70 Boise, ID 83707 S. Mail Hand Delivered Overnight Mail Facsimile Mail S. Mail Hand Delivered Overnight Mail Facsimile Mail S. Mail Hand Delivered Overnight Mail Facsimile Mail S. Mail Hand Delivered Overnight Mail Facsimile Mail Barton L. Kline Monica B. Moen Idaho Power Company O. Box 70 Boise, ID 83707 Lisa Nordstrom Weldon Stutzman Deputy Attorney Generals Idaho Public Utilities Commission 472 W. Washington Street O. Box 83720 Boise, ID 83720-0074 Peter 1. Richardson Richardson & O'Leary 99 E. State Street, Ste. 200 O. Box 1849 Eagle, ID 83616 u.S. Mail Hand Delivered Overnight Mail Facsimile Mail Don Reading Ben Johnson Associates 6070 Hill Road Boise, ID 83703 S. Mail Hand Delivered Overnight Mail Facsimile Mail REBUTTAL TESTIMONY OF DENNIS E. PESEAU- 7 IPUC Case No. IPC-O3- Randall C. Budge S. Mail Eric L. Olsen Hand Delivered Racine, Olson, Nye, Budge, Bailey Overnight Mail 201 E. Center Facsimile O. Box 1391 Mail Pocatello, ID 83204-1391 Anthony Yankel S. Mail 29814 Lake Road Hand Delivered Bay Village, OH 44140 Overnight Mail Facsimile Mail Lawrence A. Gollomp S. Mail Assistant General Counsel Hand Delivered u.s. Department of Energy Overnight Mail 1000 Independence Ave. SW Facsimile Washington, DC 20585 Mail Dennis Goins u.s. Mail Potomac Management Group Hand Delivered 5801 Westchester Street Overnight Mail Alexandria, VA 22310-1149 Facsimile Mail Dean J. Miller u.S. Mail McDevitt & Miller Hand Delivered 420 W. Bannock Street Overnight Mail O. Box 2564 Facsimile Boise, ID 83701 Mail Jeremiah J. Healy S. Mail United Water Idaho Inc.Hand Delivered 8248 W. Victory Road Overnight Mail O. Box 190420 Facsimile Boise, ID 83719-0420 Mail William M. Eddie S. Mail Advocates for the West Hand Delivered 1320 W. Franklin Street Overnight Mail O. Box 1612 Facsimile Boise, ID 83701 Mail REBUTTAL TESTIMONY OF DENNIS E. PESEAU- 8 IPUC Case No. IPC-O3- Nancy Hirsh u.s. Mail NW Energy Coalition Hand Delivered 219 First Ave. South, Ste. 100 Overnight Mail Seattle, W A 98104 Facsimile Mail Dennis E. Peseau, Ph.S. Mail Utility Resources, Inc.Hand Delivered 1500 Liberty Street SE, Ste. 250 Overnight Mail Salem, OR 97302 Facsimile Mail Brad M. Purdy S. Mail Attorney at Law Hand Delivered 2019 N. 17th Street Overnight Mail Boise, ID 83702 Facsimile Mail Michael Karp S. Mail 147 Appaloosa Lane Hand Delivered Bellingham, W A 98229 Overnight Mail Facsimile Mail Michael L. Kurtz u.S. Mail Kurt J. Boehm Hand Delivered Boehm, Kurtz & Lowry Overnight Mail 36 E. Seventh Street, Ste. 2110 Facsimile Cincinnati, OH 45202 Mail Thomas M. Power S. Mail Economics Department Hand Delivered Liberal Arts Building 407 Overnight Mail University of Montana Facsimile 32 Campus Drive Mail Missoula, MT 59812 REBUTTAL TESTIMONY OF DENNIS E. PESEAU- 9 IPUC Case No. IPC-O3- Id a h o P o w e r C o m p a n y 5 Y e a r R e c o v e r y o f D e f e r r e d I r r i g a t i o n R a t e S u b s i d y Ir r i g a t i o n Ye a r Kw h Ex i s t i n g 1 62 0 93 0 93 1 Ir r i g a t i o n Re v e n u e 39 7 51 0 Be g i n n i n g En d i n g Ir r i g a t i o n Ir r i g a t i o n Ir r i g a t i o n C h a n g e in Ca r r y i n g Ir r i g a t i o n R e v e n u e Pe r c e n t Co s t Su b s i d y Su b s i d y Ch a r g e Su b s i d y Ch a n g e Ch a n g e 76 1 86 6 2 8 36 4 35 6 62 0 93 0 93 1 69 , 4 5 7 13 7 76 1 86 6 30 4 73 0 73 8 , 4 0 6 04 3 13 5 05 9 62 7 15 . 00 % 62 0 93 0 93 1 63 2 10 7 76 1 86 6 2 0 04 3 13 5 12 9 75 9 92 0 76 3 09 3 65 7 17 4 97 1 13 . 21 % 62 0 93 0 93 1 01 9 04 9 76 1 86 6 3 2 09 3 65 7 (2 5 7 18 3 ) 2, 4 4 5 32 8 28 1 80 2 38 6 94 2 13 . 2 1 % 62 0 93 0 93 1 10 0 77 8 05 9 76 1 86 6 3 4 28 1 80 2 (1 2 01 6 19 3 ) 16 2 93 8 24 , 4 2 8 54 7 75 9 01 0 13 . 21 % 62 0 93 0 93 1 11 4 09 0 38 1 76 1 86 6 2 4 42 8 54 7 (2 5 32 8 51 5 ) 89 9 96 8 31 2 32 1 13 . 2 1 % 62 0 93 0 93 1 76 1 86 6 76 1 86 6 0 ( 2 5 32 8 51 5 ) 22 . 20 % Ex h i b i t N o . 7 0 9 Ca s e N o . I P C - 03 - D. P e s e a u , M i c r o n Id a h o P o w e r C o m p a n y 10 Y e a r R e c o v e r y o f D e f e r r e d I r r i g a t i o n R a t e S u b s i d y Be g i n n i n g En d i n g Ir r i g a t i o n Ir r i g a t i o n Ir r i g a t i o n Ir r i g a t i o n Ir r i g a t i o n Ch a n g e i n Ca r r y i n g Ir r i g a t i o n Re v e n u e Pe r c e n t Ye a r Kw h Re v e n u e Co s t Su b s i d y Su b s i d y Ch a r g e Su b s i d y Ch a n g e Ch a n g e Ex i s t i n g 62 0 93 0 93 1 39 7 51 0 76 1 86 6 36 4 35 6 62 0 93 0 93 1 45 7 13 7 76 1 86 6 30 4 73 0 73 8 , 4 0 6 04 3 13 5 05 9 62 7 15 . 00 % 62 0 93 0 93 1 69 8 05 3 76 1 86 6 04 3 13 5 06 3 81 3 10 9 , 4 9 1 21 6 , 4 3 9 24 0 91 7 11 % 62 0 93 0 93 1 19 7 91 3 76 1 86 6 21 6 , 4 3 9 56 3 95 3 25 1 12 9 03 1 52 1 4, 4 9 9 85 9 11 % 62 0 93 0 93 1 97 2 52 4 76 1 86 6 03 1 52 1 78 9 34 2 12 5 35 4 94 6 21 6 77 4 61 2 11 % 62 0 93 0 93 1 03 8 66 4 76 1 86 6 94 6 21 6 72 3 20 2 69 0 04 8 35 9 46 6 06 6 14 0 11 % 62 0 93 0 93 1 93 , 4 1 4 13 3 76 1 86 6 35 9 46 6 65 2 26 7 ) 89 8 55 0 60 5 74 9 37 5 , 4 6 9 11 % 62 0 93 0 93 1 11 7 81 8 76 1 86 6 60 5 74 9 (1 0 35 5 95 2 ) 69 9 22 5 94 9 02 2 70 3 68 4 11 % 62 0 93 0 93 1 10 5 16 9 75 8 76 1 86 6 94 9 02 2 (1 6 , 4 0 7 89 2 ) 03 4 99 8 57 6 12 9 05 1 94 0 11 % 62 0 93 0 93 1 11 1 59 1 21 8 76 1 86 6 57 6 12 9 (2 2 82 9 35 2 ) 84 2 85 1 58 9 62 8 6, 4 2 1 , 4 6 0 11 % 62 0 93 0 93 1 11 8 , 4 0 4 75 9 76 1 86 6 58 9 62 8 (2 9 64 2 89 3 ) 05 3 26 6 81 3 54 2 11 % 62 0 93 0 93 1 76 1 86 6 76 1 86 6 (2 9 64 2 89 3 ) 25 . 04 % Ex h i b i t N o . 7 1 0 Ca s e N o . I P C - 03 - D. P e s e a u , M i c r o n