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HomeMy WebLinkAbout20180720Decision Memo.pdfDECISION MEMORANDUM TO:COMMISSIONER KJELLANDER COMMISSIONER RAPER COMMISSIONER ANDERSON COMMISSION SECRETARY COMMISSION STAF'F FROM:SEAN COSTELLO DEPUTY ATTORNEY GENERAL DATE: JULY 16,2018 SUBJECT:IDAHO POWER COMPANY'S APPLTCATION FOR AN ORDER APPROVING THE TRANSFER AND SALE OF CERTAIN ASSETS TO JAYCO, INC.; CASE NO. IPC-E-18-10. On June 6, 2A18, Idaho Power Company, ("Company''), filed an Application requesting authority to sell and transfer certain assets to Jayco, Inc. ('Jayco"), under its Asset Purchase and Transfer of Title Agreement, Idaho Code $$ 6l-328 and 6l-524, and Rule of Procedure 052. Application at l. Pursuant to ldaho Code $ 6l-328, Idaho Power requests that the Commission approve the sale and transfer of property and to process the Application by Modified Procedure. Id. at 4. THE APPLICATION Idaho Power's Application states that it provides electric service at Jayco's manufacturing facility in Idaho Power's service tenitory. Id. al2. Idaho Power states that it owns and operates transformers and other facilities beyond the point of delivery ("POD") for the sole purpose of meeting Jayco's specific service requirements. Id. Jayco pays ldaho Power a monthly facilities charge to provide this optional service. /d. Jayco has requested that ldaho Power sell the Assets described in Exhibit A to the Application to it under the Asset Purchase and Transfer of Title Agreement (Attachment I to the Application), and according to Idaho Power's Rule M. /d. Upon approval of the transfer and the closing of the sale Jayco would own all facilities installed beyond Idaho Power's current POD. Id. The Company's Application includes a sale price methodology and accounting treatment when determining sale prices for customers electing to purchase Company-owned IDECISION MEMORANDUM facilities under Rule M. Exhibit B to the Application provides a breakdown of the total purchase price of $44 ,582. Id. at 5- I I ; and Exhibit B. STAFF RECOMMENDATION Staff recommends that the Application be processed by Modified Procedure with a comment deadline of August 14,2018, and a reply deadline of August 21,2018. COMMISSION DECISION Does the Commission wish to issue Notice of the Application and Notice of Modified Procedure with a comment deadline of August 14,2018, and reply deadline of August 21,2018? /) G Sean Costello Deputy Attorney Ceneral I UryrF.ELACfi l6IPC.E.l i.lo\trfumr\lfCEl8lO_rc1 dc 1DECISION MEMORANDUM