20100908Second Report of Proceeds.pdf

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1SIDA~POR(I
An IDACORP Company
LISA D. NORDSTROM
Lead Counsel
Inordstromcæidahopower.com
September 7,2010
VIA HAND DELIVERY
Jean D. Jewell, Secretary
Idaho Public Utilties Commission
472 West Washington Street
P.O. Box 83720
Boise, Idaho 83720-0074
Re: Case No. IPC-E-10-20
IN THE MATTER OF THE APPROPRIATE DISPOSITION OF PROCEEDS
FOR THE SALE OF IDAHO POWER COMPANY'S S02 EMISSION
ALLOWANCES IN CALENDAR YEAR 2010
Dear Ms. Jewell:
Enclosed for filng please find an original and seven (7) copies of Idaho Power
Company's Second Report of Proceeds from Sales of S02 Emission Allowances in 2010 in
the above matter.
Very truly yours,
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Lisa D. Nordstrom
LDN:csb
Enclosures
1221 W. Idaho St. (83702)
P.O. Box 70
Boise, ID 83707
LISA D. NORDSTROM (ISB No. 5733)
DONOVAN E. WALKER (ISB No. 5921)
Idaho Power Company
1221 West Idaho Street
P.O. Box 70
Boise, Idaho 83707
Telephone: [phone]
Facsimile: [phone]
InordstromßYidahopower.com
dwalkerßYidahopower.com
Attorneys for Idaho Power Company
Street Address for Express Mail:
1221 West Idaho Street
Boise, Idaho 83702
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BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION
IN THE MATTER OF THE
APPROPRIATE DISPOSITION OF
PROCEEDS FOR THE SALE OF IDAHO
POWER COMPANY'S S02 EMISSION
ALLOWANCES IN CALENDAR YEAR
2010.
)
) CASE NO. IPC-E-10-20
)
) IDAHO POWER COMPANY'S
) SECOND REPORT OF PROCEEDS
) FROM SALES OF S02 EMISSION
) ALLOWANCES IN 2010
)
1. On June 14, 2010, Idaho Power Company ("Idaho Powet' or "the
Company") filed its Initial Report of Proceeds from sales of surplus sulfur dioxide ("S02")
emission allowances in calendar year 2010. As of that date, the Company had either
sold and received payment for, or entered into contracts for, the sale of a total of 10,000
surplus S02 emission allowances. Idaho Powets Initial Report identified the anticipated
net proceeds, after deducting brokerage fees of $2,500, as $427,000.
IDAHO POWER COMPANY'S SECOND REPORT OF
PROCEEDS FROM SALES OF S02 EMISSION ALLOWANCES IN 2010-1
2. Since June 14, 2010, conditions in the emission allowances market were
such that Idaho Power sold additional surplus S02 emission allowances. Idaho Power
has sold and received payment for an additional 4,000 surplus S02 emission
allowances. These additional sales generated an additional $45,000.00 of proceeds,
after deducting brokerage fees of $1 ,250.00.
3. The total anticipated net proceeds from the combined sale of these 14,000
allowances, is $472,000.00, after deducting brokerage fees of $3,750.00.
4. This Second Report covers surplus S02 emission allowance sales during
2010, before sharing and jurisdictionalizing, as of the date of this filng. Proceeds from
anticipated sales of surplus S02 emission allowances received after the date of this
filng wil be included in a subsequent report.
Respectfully submitted this th day of September 2010.
LtO~~LISA D. NORDS OM
Attorney for Idaho Power Company
IDAHO POWER COMPANY'S SECOND REPORT OF
PROCEEDS FROM SALES OF S02 EMISSION ALLOWANCES IN 2010 - 2