HomeMy WebLinkAbout20140606Decision Memo.pdfDECISION MEMORANDUM
TO: COMMISSIONER KJELLANDER
COMMISSIONER REDFORD
COMMISSIONER SMITH
COMMISSION SECRETARY
COMMISSION STAFF
LEGAL
FROM: KARL T. KLEIN
DEPUTY ATTORNEY GENERAL
DATE: JUNE 6, 2014
SUBJECT: IDAHO POWER’S APPLICATION TO EXTEND ADITC/REVENUE
SHARING MECHANISM BEYOND 2014, CASE NO. IPC-E-14-14
On May 30, 2014, Idaho Power Company applied to the Commission for an Order that
extends the duration of settlement terms approved in Order No. 32424. In that Order, the
Commission approved a settlement stipulation that authorizes the Company either to: (1) amortize
additional accumulated deferred investment tax credits (“ADITC”); or (2) share part of the revenues
with its Idaho customers. The authority granted in the Order is set to expire at the end of 2014. The
Company thus asks the Commission to issue another Order that allows the authority to remain in
effect until: (1) the Company has accelerated the amortization of a total of $45 million in ADITC; or
(2) the Commission otherwise modifies or terminates the settlement terms. The Company asks that
the case be processed under the Commission’s Rules of Modified Procedure, and that a final Order
issue by December 31, 2014.
STAFF RECOMMENDATION
Staff recommends that the Commission issue a Notice of Application with a 14-day
intervention deadline. After the intervention deadline runs, a Notice of Modified Procedure can issue
setting appropriate comment deadlines.
COMMISSION DECISION
Does the Commission wish to issue a Notice of Application setting a 14-day intervention
deadline?
M:IPC-E-14-14_kk