20051028Avera Exhibit 07.pdf

BEFORE TH IDAHO PUBLIC UTiliTIES COMMISSIONCASE NO. IPC-O5-IDAHO POWER COMPANY
EXHIBIT NO.
WilliAM E. AVERA
CONSTANT GROWTH DCF MODEL
EXPECTED DIVIDEND YIELD
CONSTANT GROWTH DCF MODEL Exhibit WEA-Page 1 of EXPE CTE D D IVID E ND YIELD (a)(a)EstimatedRecentDi vi dends DividendComPriceNext 12 Mos.YieldBlack Hills Corp.$ 42.$ 1.Edison International $ 45.$ 1.Hawaiian Electric $ 27.$ 1.IDACORP, Inc.$ 30.$ 1.MD U Resources Group $ 34.$ 0.PNM Resources Group $ 28.$ 0.Pinnacle West Capital $ 43.$ 1.Puget Energy, Inc.$ 22.$ 1.
Sempra Energy $ 45.$ 1.
Xcel Energy $ 19.$ 0.
Average
(a) The Value Line Investment Survey, Summary and Index (Sep. 30, 2005).
EXHIBIT NO.
CASE NO. IPC-O5-
W. AVERA , IPC
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