20140805Accounting Entries.pdf

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An TDACORP Company
DONOVAN E. WALKER
LEAD COUNSEL
[e-mail]
August 5,2014
VIA HAND DELIVERY
Jean D. Jewell, Secretary
ldaho Public Utilities Commission
47 2 W est Washington Street
Boise, ldaho 83702
Re: Case No. IPC-E-14-08 - ldaho Power Company's Application for an Accounting Order
Dear Ms. Jewell:
On July 16,2014, the ldaho Public Utilities Commission ("Commission") issued Order
No. 33076 partially granting ldaho Power Company's ("ldaho Powe/') request for an
accounting order for the recovery of overpayments made to J.R. Simplot Company with regard
to their 2006 Power Purchase Agreement with ldaho Power. The Commission ordered ldaho
Power to credit the entire amount of recovered overpayments to customers in the amount of
$1,884,406.85 in its 2015 Power Cost Adjustment application and to file the actual accounting
entries with the Commission Staff. Pursuant to Order No. 33076, ldaho Power hereby
submits the accounting entries for the Simplot overpayment.
lf you have any questions regarding this filing, please contact Courtney Waites at 388-
561 2 or [e-mail].
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DEW:kkt
Enclosure
ccw/ encl:TeniCarlock, IPUC
Don Howell, IPUC
Tim Tatum
RA File
Legal File
6van E. Walker
J. R. Simolot and ldaho Power Settlement Aoreement
Accountinq Entries
On July 16, 2014, the ldaho Public Utilities Commission ('Commission') issued Order No. 33076
approving an accounting order for the recovery of $1,888,406.85 in overpayments made by ldaho Power
Company ("ldaho Powe/') to the J.R. Simplot Company. The Commission found that customers should be
credited with the recovery of $1,888,406.85 ($1,564,503.76 from Simplot and $319,903.09 from ldaho
Power). ldaho Power's contributed share of the funds will be from shareholder funds, not customer funds.
ldaho Power was ordered to credit the entire amount of recovered overpayments to customers in its 2015
Power Cost Adjustment application. The following summarizes the accounting entries that will be made
regarding the overpayments:
242Misc. C&A Liab - Operations
657X00001 999242500 $ 1,884,406.85
(1)
401 Operations Expense
657 M30108 599 555070
To record the benefit to ldaho Powe/s customers
expenses. This entry will be recorded in July 2014.
$ 1,884,406.85
through a reduction to purchased power supply
401 Operations Expense
693 M30108 441 557001 $ 1 ,700,677.18
182.3 Other Regulatory Assets - Current Year PCA Deferral
693 X00001 999 182323 $ 1,700,677.18
To record the ldaho customer benefit of the J. R. Simplot Company Settlement Agreement after
jurisdictionalizing and sharing ($1,884,406.85 ".95 " .95 = $1,700,677.18). This entry will be made in July
2014.
401 Operations Expense
693 M30108 443 557003 84,798.27
182.3 Other Regulatory Assets -2014 PCAM
693 X00001 999 182384 $ 84,798.27
To record the Oregon customer benefit of the J. R. Simplot Company Settlement Agreement after
jurisdictionalizing and sharing ($1,884,406.85'.05 *.90 = $84,798.27). This entry will be made in July
2014.
(2)
(3)