20160211press release.pdf

Case No. IPC-E-15-26, Order No. 33465
Contact: Gene Fadness [phone], 890-2712
www.puc.idaho.gov

PUC to conduct technical hearing
regarding sale of Idaho Power assets to DOJ

BOISE (Feb. 11, 2016) – The Idaho Public Utilities Commission will conduct a technical hearing
on Monday, Feb. 22, regarding an Idaho Power Company application to sell certain assets to the
Department of Justice. The proposed sale price of the assets is $79,373.

Idaho code requires that the commission conduct a public hearing whenever a regulated utility
seeks to sell its property.

The hearing will begin no earlier than 1:45 p.m. to allow time for the commission’s regularly
scheduled decision meeting, which begins at 1:30 p.m. The hearing will be in the commission’s
hearing room at 472 W. Washington St. in Boise.

The sale is for transformers and other electrical equipment at a Federal Bureau of Investigation
complex in Idaho Power’s southern Idaho service territory. Idaho Power currently owns the
facilities, and the Department of Justice, as an industrial customer, pays a monthly facilities
charge. Under the proposed sale, the Department of Justice would own and maintain all the
facilities from the point of delivery to the FBI facility. The Department of Justice will also
prepay engineering costs related to the sale.

The Industrial Customers of Idaho Power have intervened in the case and, while not opposing
the sale, urged the commission to open a case to set rules for valuing the purchase price of
utility-owned facilities. Idaho Power and commission staff assert that each proposed sale is
unique and different circumstances may warrant differing pricing methods or contract terms.
Further, Idaho Power maintains, a uniform methodology could result in amounts for which
utilities are not willing to sell their assets.

Documents related to this case are available on the commission’s Website at
www.puc.idaho.gov. Click on “Open Cases” under the “Electric” heading and scroll down to
Case No. IPC-E-15-26.

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