20061128final_order_no_30191.pdf

Office of the Secretary
Service Date
November 28, 2006
BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION
IN THE MATTER OF THE APPLICATION
OF IDAHO POWER COMPANY FOR AN
ORDER AUTHORIZING THE ISSUANCE
AND SALE OF UP TO $300,000,000 OF
APPLICANT'S FIRST MORTGAGE BONDS
AND DEBT SECURITIES
ORDER NO. 30191
CASE NO. IPC-06-
On November 3 , 2004, the Commission issued Order No. 29621 in Case No. IPC-
04-22 authorizing Idaho Power Company to issue and sell from time to time bonds and debt
securities. Idaho Power had requested authority to issue and sell up to $300 000 000 aggregate
principal amount of one or more series of First Mortgage Bonds and up to $300 000 000
aggregate principal amount of one or more series of unsecured debt securities, provided
however, that the total principal amount of the bonds and the principal amount of the debt
securities would not exceed $300 000 000. Order No. 29621 was re-issued by the Commission
on November 19, 2004, to correct typographical errors contained in the original Order. The
securities issuance authorized by the Commission was for two years, but the Commission stated
in the Order that "Idaho Power may request an extension of the authorization by letter filed with
the Commission prior to the expiration of such two-year period.
On November 17, 2006, Idaho Power filed an Application requesting the
Commission extend the securities issuance authorization set forth in Order No. 29621 another
two years, or from November 19, 2006 through November 19, 2008.The Company
Application recognizes that all other terms and conditions of the Order would remain in full
force and effect during the two-year extension.
Net proceeds from the sale of the bonds and/or debt securities will be used by Idaho
Power for the acquisition of property; the construction, completion, extension or improvement of
its facilities; the improvement or maintenance of its service; the discharge or lawful refunding of
its obligations; and for general purposes. To the extent the proceeds from the sale of the bonds
or debt securities are not immediately so used, the funds will be temporarily invested in short
term discounted or interest bearing obligations. The Commission determined at its decision
meeting on November 27, 2006, that it was appropriate to approve the extension of the
authorization in Order No. 29621.
ORDER NO. 30191
ORDER
IT IS HEREBY ORDERED that the Application of Idaho Power Company for an
extension of the securities issuance authorization in Order No. 29621 is approved. The
authorization approved by the Commission in Order No. 29621 is extended for an additional two
years until November 19, 2008. All other terms and conditions of Order No. 29621 shall remain
in full force and effect during the extension.
THIS IS A FINAL ORDER. Any person interested in this Order (or in issues finally
decided by this Order) or in interlocutory Orders previously issued in this Case No. IPC-06-
may petition for reconsideration within twenty-one (21) days of the service date of this Order
with regard to any matter decided in this Order or in interlocutory Orders previously issued in
this case. Within seven (7) days after any person has petitioned for reconsideration, any other
person may cross-petition for reconsideration. See Idaho Code ~ 61-626.
DONE by Order of the Idaho Public Utilities Commission at Boise, Idaho this ;lftlo-
day of November 2006.
V1d~
PAUL KJELLANDER, PRESIDENT
MARSHA H. SMITH, COMMISSIONER
ENNIS S. HANSE , COMMISSIONER
ATTEST:
bls/O:IPC-O6-28 ws
ORDER NO. 30191