20120320Proposed Order.pdf

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BEFORE THE IDAHO PUBLIC UTILITIES COMMISSlòW CE IVE D
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IN THE MATTER OF THE APPLICATION )
OF IDAHO PO~R COMPANY FOR AN )
ORDER AUTHORIZING THE ISSUANCE AND )
SALE OF UP TO $500,000,000 OF APPLICANT'S)
FIRST MORTGAGE BONDS AND DEBT )SECURTIES )
CASE NO. we £-16-10
J¡Jc"G - 12.-11.
PROPOSED
SUPPLEMENTAL
ORDER
On April 19, 2010, the Commission issued Order No. 31053 (the "Order") in ths Case
authorizing Idaho Power Company ("Idaho Power" or the "Company") to issue and sell up to
$500,000,000 aggregate principal amount of one or more seres of First Mortgage Bonds and up
to $500,000,000 aggregate principal amount of one or more seres of unsecured debt securties;
provided, however, that the total principal amount of the bonds and the principal amount of the
debt securities would not exceed $500,000,000. The Commission's securities authorization in
the Order was for an initial perod of two years, with the provision that Idaho Power could
request an extension of the Commission's authorization prior to the end of the two-year perod:
Ths authorization shall be for two years from the date of ths Order.
Idaho Power may request an extension of this authorization by letter filed with the
Commssion prior to the expiration of such two-year period.
On March 19, 2012, Idaho Power filed an Application requesting that the Commission
extend the securties issuance authorization set forth in the Order for another two years, from
April 19, 2012 through April 19, 2014. The Company's Application avers that all other terms
and conditions of the Order would remain in full force and effect durng the two-year extension.
As set forth in Idaho Power's original application, the net proceeds from the sale of the
bonds and/or debt securities wil be used by the Company for the acquisition of propery; the
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constrction, completion, extension or improvement of its facilities; the improvement or
maintenance of its serice; the discharge or lawful refuding of its obligations; and for general
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puroses. To the extent the proceeds from the sale of the bonds or debt securties are not
immediately so used, the fuds wil be temporarly invested in short-ter discounted or interest
bearng obligations.The Commission deterined at its decision meeting on
,2012 that it was appropriate to approve the extension of the authorization in
the Order.
ORDER
IT is HEREBY ORDERED that the Application of Idaho Power Company for an
extension of the securties issuance authorization in Order No. 31053 in this Case is approved.
The authorization approved by the Commission in Order No. 31053 is extended for an additional
two years, until April 19,2012. All other terms and conditions of Order No. 31053 shall remain
in full force and effect during the extension.
THIS IS A FINAL ORDER. Any person interested in this Order (or in issues fially
decided by this Order) or interlocutory orders previously issued in this Case No. IPC-E-10-1O
may petition for reconsideration within twenty-one (21) days of the serice 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 _ day
of ,2012.
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ATTEST:
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PAUL KJELLANDER, President
MACK A. REDFORD, Commissioner
MARSHA H. SMITH, Commissioner
Jean D. Jewell
Commission Secretar
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