20130628Custom Efficiency Accounting.pdf

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An IDACORP Company
Lisa D. Nordstom
Lead Counsel
[e-mail]
June 28, 2013
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Ms. Jean D. Jewel!
ldaho Public Utilities Commission
472 W . Washington Street
Boise, ldaho 83702
RE: Case No. IPC-E-13-11- Custom Efficiency lncentive Payments
Accounting Order No. 32826
Dear Ms. Jewell:
On June 12, 2013, the ldaho Public Utilities Commission ("Commission') issued
Order No. 32826 in Case No. IPC-E-13-ll authorizing ldaho Power Company ("Compan/)
to recover the regulatory asset associated with Custom Efficiency incentive payments
through the Energy Efficiency Rider ('Ridef). Order No. 32826 specifically authorized the
transfer of $14,706,829 to the Rider account, reflecting incentive payments made between
January 1, 2011, and June 1 , 2013, plus accrued carrying charges at the customer deposit
rate of 1 percent. Because the Company's initial Application was filed on April 15,2013, the
$14,706,829 amount was calculated using estimated expenditures for the months of April
and May 2013.
The Company is writing to inform the Commission that as of June 1, 2013, the actual
regulatory asset account balance totaled $14,200,174; therefore, the amount transferred to
the Rider account totaled $14,200,174 rather than the $14,706,829 authorized by Order No.
32826. While the final dollar transfer differed from the amount identified in Order No.
32826, the Company believes its accounting entries align with the intent of the
Commission's directive in this case. Attached for your reference is the portion of the
Company's internal accounting memo detailing the $14,200,174 transfer.
Please contact me at 208-388-5825 if you have any questions or concerns.
Very truly yours,
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LDN/KKt
Enclosurecc: Greg Said
Pete Pengilly
Doug Jones
P.O. Box 70 (83707)
1221 W. ldaho St.
Boise, lD 83702
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MEMO
DATE:
SUBJECT:
June 20, 2013
IPUC Order No. 32826 - Accounting Order Authorizing Collection of Capitalized
Custom Efficiency Incentive Payments
On June 12, 2013, the Idaho Public Utilities Commission approved the Company's
application to recover custom efficiency incentive payments made between January l,20ll, and
June 1, 2013, through the Energy Efficiency Rider. In addition, the Company was authorized to
collect incentive payments made after June 1,2013, through the Energy Efficiency Rider.
254 Othr Reg Liab-ID DSM Rdr 29026
158 X00001 999 254201 $ 14,200,173.65
421 Msc Nonoperating Income
199 X00001 999 421000 t96,249.69
182.3 Othr RA-Cus EffIncen Ord32245
199 X00001999182317 $ 14,003,923.96
To transfer Custom Efficiency payments made between January l,20ll, and June l, 2013,
plus interest at the deposit rate from the regulatory asset account to the Idaho Energy Efficiency
Rider account.
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