20180810Corrected Journal Entry.pdf

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An IDACORP Company
LISA D. NORDSTROM
Lead Counsel
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August 10,2018
VIA HAND DELIVERY
Terri Carlock
Administrator, Utilities Division
ldaho Public Utilities Commission
472 West Washington Street
Boise, ldaho 83702
Case No. IPC-E-18-10
Transfer and Sale of Certain Assets to Jayco, lnc.
ldaho Power Company's Journal Entries
Dear Ms. Carlock
On June 6, 2018, ldaho Power Company ("Company") filed its Application for an Order
approving the transfer and sale of certain assets to Jayco, lnc. Subsequent to its filing, the
Company discovered an error in the Application related to its requested accounting treatment for
a portion of the transaction. The corrected journal entries are attached. The Company will
submit a similar letter to request authority to correct the accounting treatment related to its sale
of similar certain assets to the City of Meridian in Case No. !PC-E-17-17.
lf you have any questions, please contact Regulatory Analyst Mark Annis at (208) 388-
5208 or [e-mail].
Very truly yours,
LDN:kkt
Enclosure
P.O. 8ox 70 (83707)
1221 W. ldaho St.
Boise, lD 83702
Re
Lisa D.
IDAHO POWER COMPANY
FINAL JOURNAL ENTRIES
Jayco
Accounting Entries Requested
Entires as filed adjustment to
in Application correct accounting
dated 61612018 treatement
Requested final
entries
Dr (Cr)Dr (Cr)Dr (Cr)
a. Remove the original cost of the Assets
108 - Accumulated Depreciation
101 - Electric Plant ln-Service
32,736
(32,736)
ls,4s7l
5,497
27,239
127,239)
b. Record the gain on the sale of the Assets
131 - Cash
421 - Miscellaneous Non-Operating lncome
108 - Accumulated Depreciation
39,004
(74,L78l.
(24,8261
39,004
(74,778)
(24,826')
c. Record the mpact on income taxes from the sale
of the Assets
409 - lncome Taxes
235 - Taxes Accrued
282 - Accumulated Deferred lncome Taxes
410 - Provision for Deferred lncome Taxes
5,091
(5,091)
2,247
(2,247l,
5,091
(5,091)
2,247
(2,247)
d.1. Record the payment received for the net book
value of Pole and Switches CIAC
131 - Cash
101 - Electric Plant ln-Service
108 - Accumulated Depreciation
421 - Miscellaneous Non-Operating lncome
5,578 s,578
(3,707)
(1,385)
(486)
(s,092)
(486)
(3,707)
3,707
d.2. Reverse the estimated accumulated
depreciation, of Pole and Switches, with a CIAC
108 - Accumulated Depreciation
101 - Electric Plant ln-Service
1,790
lL,7so)
L,790
(1,790)
e. Record the impact on income taxes from Pole
and Switches
409 - Income Taxes
236 - Taxes Accrued
486
(486)
486
(486)