20180412Blackwell Exhibit 1-4.pdf

BEFORE THE
IDAHO PUBLIG UTILITIES COMMISSION
GASE NO. IPC-E-I9-06
IDAHO POWER COMPANY
BLACKWELL, DI
TESTIMONY
EXHIBIT NO. 1
Exhibit No. 1
Case No. IPC-E-18-06
N. Blackwell, IPC
Page 1 of 1
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BEFORE THE
IDAHO PUBLIC UTILITIES COMMISSION
GASE NO. IPC-E-I g-06
IDAHO POWER COMPANY
BLACKWELL, DI
TESTIMONY
EXHIBIT NO.2
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EEEEEEEEEEEEEEE Exhibit No. 2
Case No. IPC-E-18-06
N. Blackwell, IPC
Page I of2
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Exhibit No. 2
Case No. IPC-E-18-06
N. Blackwell, IPC
Page 2 of 2
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BEFORE THE
IDAHO PUBLIC UTILITIES COMMISSION
cAsE NO. IPC-E-I 8-06
BLACKWELL, DI
TESTIMONY
EXHIBIT NO.4
IDAHO POWER COMPANY
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IDAHO POWER COMPANY
AOOITIONAL INVESTMENT TAX CREDIT ANALYSIS
For lhe Twelve Months Ended Decembar 31, 2017
Actu.l Septemb€r 30. A)17 Actu.l December 31. 2017
ffi]W
3.292,O12,115 3,149,313,318
IEAle-L
95 7%
TOTAL
SYSTEM rc
S€plember AllocationsrRati6
!M
TOTAL COMBINEO MTE EASE
OEWLOPMENT OF NET INCOME
OPEUTING REVENUES
RETAIL SALES REVENUES (IncI 149 I Rd)
OTHER OPERATING REVENUES
TOTAL OPEMTING REVENUES
938 802,154
98,468,767
1 .037 ,270 ,921
897,22O.51 1 Oireci Assign
93,697,762 95.2%
990,918,273
1,205,976,166
131,884,237
1,340,E60,404
1 152,142.162 Dired Assign
12E,3,t6,E31 95.2%
1.280.490,993
OPERATING EXPENSES
OPEMTiON & MAINTENANCE EXPENSES
OEPRECIATION EXPENSE
AMORTIATION OF L MITED TERM PUNT
TSES OTHER THAN INCOME
REGU4TORY OEBIT9CREDITS
PROVSION FOR DEFERREDINCOME TMES
INWSTMENT TM CREOIT ADJUSTMENT
FEDEML INCOME IdES
STATE INCOME TilES
TOTAL OPEilTING EXPENSES
631,823,468
1 16,5,15,53,1
4,626,170
26,134,425
970,980
(13.835,377)
7,371,655
43,454,026
9,516,21 9
8m,607,'t00
602,602,573
111,472,671
4,426,524
24,271,304
806,515
(3,327,333)
7.053,766
42,000.734
9,176,008
7EE.1E2.747
95.4%
95.6%
95.70k
92.9%
83.1 %
96.3%
95.7%
96.704
96.4%
831,005,143
154,525,251
6,1,r5,521
34,089,536
2,078,508
(25,63,{,195)
7,424,893
,14,701,50'l
10,557,960
1,04n,E9,r,117
792,572,392
147.799,249
5,680,306
31,659,301
1,726,149
(24,692,890)
?,104,70A
43,206,,166
10,160,507
1,01 5,436,510
95.4%
95.6%
95.7%
92.9%
83.1%
96.3%
95.7%
7%
96 4%
OPEUTING INCOME
ADD IERCO OPEMTING INCOME
210,663,821
3,548,E2E
202,,(35,506
3.383.241 95.3%
275,966,286
7.082.051
265,05,1.,183
6,751,60,r 95 3%
OPERATING INCOME AEFORE OTHER INCOME ANO DEDUCTIONI
ADD AFUM EOUITY
ADD OTHER INCOME ANO DEDUCTIONS
211,212,U9 205,818,747 283,0,r8,337
20,741,392
03,743,01 3)
271,806,088
19.6E3,,t51
(1 3,197,161)
96.0%
95 7% (L 10)
96 0% (L 33)
INCOME EEFORE INTEREST CAARGES
LESS INTEREST CHARGES
290,0E9,7'r 6
83.742.399
278,192,374
80,'t't2,418 95.7% (L 10)
NEI INCOME 206.347.317 198.379.960
ACIUAL YAR.END RESULTS. EEFORE ITC AOJUSTMENT
ARNINGS ON COMMON STOCK
COMMON EOUITYAT YUR ENO
206,347,31 7
2,O85 ,771 ,913
198.379.960
1,995,362,872 9s 7% (110)
RETURN ON YEAR,ENO COMMON EQU TY I 89%I 94vd
EARNTNGS ON COMMON STOCK @ 9 50 ROE
EARNTNGS ON COMMON STOCK @ 10 ROE
EARNTNGS ON COMMON STOCK @ 10 50 ROE
't 98,148,620
204,577 ,191
219,006.369
189,559,473 (L4,1' 9.5%)
199,536,287 (14,1' 10%)
209,513,r02 (14,r' 10.5%)
ACTUAL YAR.END RESULTS. AFTER ITC ADJUSTMENT
INVESTMENT TM CREOIT AOJUSTMENT
ADJUSTED ARNINGS ON COMMON STOCK
ADJUSTEO COMMON EQUITY AT YUR-END
ADJUSTEO RETURN ON YAR.END COMMON EOUITY
(9,746,394) (148-143) / (1-9.s%)
1E8,633.565
1,985,616,477
9.50%
72
7a
lF IOAHO RETURN ON COMITON EqUITY (Lin.46) <9.5%
ADDITIOML ITC AOJUSTMENT (tunualzld) ll L il rs n€drve, lh€n 0 f poetive. lhs smaltd of 154 o. 125,000.000 0
lF IOAHO RETURN ON COMITION EOUITY (Lin.,16) >1(ri
IDAHO URNINGS GRATER TMN 1O% ROE BUT LESS THAN 1O 5%0 (143-149y(1-10%)
lF IOAHO RETURN ON COMITON EQUITY (Lin. ia6) >1o.tf
INCREMENTAL IDAHO ARNINGS GREAIER TBAN IO 50% ROE 0 (1,{3-150)/(1-10.s%)
P.r Ord.r l3:t149:
RoE bNcfl 10%-10 5% '-cusToMER SaARE - 75% {Rdudon lo rd€)
ROE be.n 10%-10 5% --COMPAW SHARE - 25%
ROE gr.dn th.n 10 5% (lncr.mstal) - CUSTOMER SHARE - 50% (R.dudon to rat6)
ROE gr.dd th.^ 10 5% (lncr.mdtal) - CUSIoMER SHARE - 25* (ftd to Pmson balanc!)
RoE g.cd.r th.n 10 5% (lnc.rmstal) -COMPANY SBARE - 25%
0
Tax Gross Up
Exhibit No. 4
Case No. IPC-E-18-06
N. Blackwell, IPC
Page 1 of 1
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BEFORE THE
IDAHO PUBLIC UTILITIES COMMISSION
GASE NO. IPC-E-1 8-06
IDAHO POWER COMPANY
BLACKWELL, DI
TESTIMONY
EXHIBIT NO.3
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Exhibit No. 3
Case No. IPC-E-18-06
N. Blackwell, IPC
Page 1 of 1
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