20111215notice_of_modified_procedure_order_no_32411.pdf

Office of the Secretary
Service Date
December 15,2011
BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION
IN THE MATTER OF THE APPLICATION )
OF IDAHO POWER COMPANY TO )CASE NO.IPC-E-1 1-22
EXTEND AND MODIFY ACCOUNTING )
ORDER TO AMORTIZE ADDITIONAL )NOTICE OF
ACCUMULATED DEFERRED INCOME TAX )MODIFIED PROCEDURE
CREDITS (ADITC))
)NOTICE OF
)COMMENT DEADLINE
)
_______________________________
)ORDER NO.32411
YOU ARE HEREBY NOTIFIED that on November 2,2011,Idaho Power Company
filed an Application requesting an Order “(1)authorizing the Company to extend its ability to
amortize additional accumulated deferred investment tax credits (ADITC)through December 31,
2013,and (2)approving a one-time adjustment applied in 2011 to a sharing provision of the
stipulation approved in Order No.30978 to allow one-half of the Company’s share of the Idaho
jurisdictional return on equity (ROE)in excess of 10.5 percent to be provided as a customer
benefit in the form of a reduction in rates or an offset to amounts that would otherwise be
collected from rates.”Application,p.1.ADITC are income tax benefits the Company receives
based on the level of plant investment in previous years.ADITC is normally amortized over the
book life of the associated plant investment and is used to reduce customer income tax expense
during the amortized period.Order No.30978 was issued January 13,2010 in Case No.IPC-E
09-30 approving a stipulation that specifies Company use of ADITC during 2009,2010 and
2011,including a potential for revenue sharing in those years.
YOU ARE FURTHER NOTIFIED that Idaho Power’s Application stated it is
necessary to have a signed settlement agreement regarding its proposal on or before December
31,2011,in order to facilitate the timely recording of the Company’s 2011 earnings for financial
reporting purposes.The Company requested that its Application be processed by Modified
Procedure,and also proposed that a workshop be convened at the offices of the Commission on
November 30,2011,so that interested parties could discuss the Company’s proposal.The
Commission subsequently issued a Notice of Application,Notice of Intervention Deadline,and
Notice of Public Workshop to process the Company’s Application.On November 30,2011,the
NOTICE OF MODIFIED PROCEDURE
NOTICE OF COMMENT DEADLINE
ORDER NO.32411 1
parties convened a workshop to discuss Idaho Power’s Application.On December 12,2011,a
Stipulation signed by Idaho Power,Micron Technology,and Commission Staff was filed with
the Commission.The Stipulation extends the arrangement for Idaho Power’s use of ADITC
through December 2014.
YOU ARE FURTHER NOTIFIED that the Commission has determined that the
public interest may not require a formal hearing in this matter and will proceed under Modified
Procedure pursuant to Rules 201 through 204 of the Idaho Public Utilities Commission’s Rules
of Procedure,IDAPA 31.01.01.201-204.The Commission notes that Modified Procedure and
written comments have proven to be an effective means for obtaining public input and
participation.
YOU ARE FURTHER NOTIFIED that any person desiring to state a position on this
Application and Stipulation may file a written comment in support or in opposition with the
Commission no later than December 20,2011.The comment must contain a statement of
reasons supporting the comment.
YOU ARE FURTHER NOTIFIED that persons desiring a hearing must specifically
request a hearing in their written comments.Written comments concerning this Application and
Stipulation may be mailed to the Commission and Idaho Power at the addresses reflected below:
Commission Secretary Lisa D.Nordstrom
Idaho Public Utilities Commission Jason B.Williams
P0 Box 83720 Idaho Power Company
Boise,Idaho 83 720-0074 P0 Box 70
Boise,ID 83707-0070
Street Address for Express Mail:E-Mail:[e-mail]
[e-mail]
472 W.Washington Street
Boise,ID 83702-5918 Timothy E.Tatum
Idaho Power Company
P0 Box 70
Boise,ID 83 707-0070
E-mail:[e-mail]
These comments should contain the case caption and case number shown on the first page of this
document.Persons desiring to submit comments via e-mail may do so by accessing the
Commission’s home page located at www.puc.idaho.gov.Click the “Comments and Questions”
icon,and complete the comment form,using the case number as it appears on the front of this
NOTICE OF MODIFIED PROCEDURE
NOTICE OF COMMENT DEADLINE
ORDERNO.32411 2
document.These comments must also be sent to Idaho Power at the e-mail addresses listed
above.
YOU ARE FURTHER NOTIFIED that if no written comments or protests are
received within the time limit set,the Commission will consider this matter on its merits and
enter its Order without a formal hearing.If written comments are received within the time limit
set,the Commission will consider them and,in its discretion,may set the same for formal
hearing.
YOU ARE FURTHER NOTIFIED that the Application and Stipulation have been
filed with the Commission and are available for public inspection during regular business hours
at the Commission offices or on the Commission’s web site at www.puc.idaho.gov by clicking
on “File Room”and then “Electric Cases.”
YOU ARE FURTHER NOTIFIED that all proceedings in this case will be held
pursuant to the Commission’s jurisdiction under Title 61 of the Idaho Code and that the
Commission may enter any final order consistent with its authority under Title 61.
YOU ARE FURTHER NOTIFIED that all proceedings in this matter will be
conducted pursuant to the Commission’s Rules of Procedure,IDAPA 31.01.01.000 et seq.
ORDER
IT IS HEREBY ORDERED that Idaho Power Company’s Petition to extend and
modify accounting order to amortize additional accumulated deferred income tax credit (ADITC)
be processed by Modified Procedure,IDAPA 31.01.01.201-.204.Persons interested in
submitting written comments in this matter must do so no later than December 20,2011.
NOTICE OF MODIFIED PROCEDURE
NOTICE OF COMMENT DEADLINE
ORDERNO.32411 3
DONE by Order of the Idaho Public Utilities Commission at Boise,Idaho this /‘l’
day of December 2011.
PAUL K L1A DER,PRESIDENT
sN
MACK A.REDFORD,COMM1SSIONER
MARSHA H.SMITH,COMMISSIONER
ATTEST:
/1/7 At4J /
Jan D.JewelI’)
dômmission Secretary
bIs/O:IPCE-11 -22ws2
NOTICE OF MODIFiED PROCEDURE
NOTICE OF COMMENT DEADLINE
ORDER NO.32411 4