20120514Comment.pdf

Jean Jewell
From: piketeinertgmail.com
Sent: Monday, May 14, 2012 3:28 AM
To: Jean Jewell; Beverly Barker; Gene Fadness
Subject: PUC Comment Form
A Comment from Pike Teinert follows:
Case Number: Current Idaho Power Rate Case
Name: Pike Teinert
Address: 1450 W Highland View Dr. E-102
City: Boise
State: ID
Zip: 83702
Daytime Telephone:
Contact E-Mail: piketeinert(@gmail.com
Name of Utility Company: Idaho Power Company
Acknowledge: acknowledge
Please describe your comment briefly:
I realize that Idaho Power is only one company in IDACORP, but it must be the largest. If
IDACORP 'ended 2011 with a 16.7% increase in profit' Idaho Power must have been a major
contirbutor to the increase in IDACORP's improved profit for 2011. And if that is so why is
Idaho Power currently seeking a sizable increase in base rates?
IDACORP
J. Lamont Keen, Idacorp CEO, received a 21 percent increase in total compensation in 2011.
The parent company of Idaho Power Co. ended 2011 with a 16.7 percent increase in profit to
$23.9 million. It also got an advantageous tax ruling from the U.S. government and a rate
increase to help meet its pension requirements. All those contributed to Keen meeting his
incentive goals for compensation. Two thirds of. Keen's compensation was at-risk, meaning he
had to meet goals or the at-risk amounts would not be paid. The goals deal with customer
service, system reliability and prudent fiscal management.
Read more here: http://www.idahostatesman.com/2012/05/13/2115840/rnost-idaho-ceos-see-a-pay-
raise.html#storylink=cpy
The form submitted on http://www.puc.idaho.gov/forms/ipucl/ipuc.html
IP address is 96.18.205.153
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