26216.pdf

Office of the Secretary
Service Date
October 20, 1995
BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION
IN THE MATTER OF THE APPLICATION OF )
IDAHO POWER COMPANY FOR AN
ACCOUNTING ORDER TO DEFER AND
AMORTIZE EXTRAORDINARY COSTS OF
CORPORATE REORGANIZATION AND
APPROVAL TO MODIFY AMORTIZATION
METHODS FOR ACCUMULATED DEFERRED)INVESTMENT TAX CREDITS
CASE NO. IPC-95-
ORDER NO. 26216
BACKGROUND
On August 3, 1995, the Idaho Power Company (Idaho Power; Company) fIled an
Application for an accounting order from the Commission authorizing the deferral and
amortization of costs related to the reorganization of the Company and for an order approving
the modification of amortization methods for accumulated deferred investment tax credits
(ADITC).
The Company states that it has commenced a transformation process in which
intends to identify, develop and implement business processes consistent with emerging
technology and the changing business environment. Primarily, the Company intends to reduce
and reorganize its work force. The Company contends that, due to the adverse effect of recent
drought years, it is experiencing low earnings and a deteriorating fmancial condition calling into
question the security of the Company s dividend as well as the general perception of the
Company s health by fmandal analysts.As a result, Idaho Power has filed the current
Application for an accounting order to defer and amortize extraordinary costs of reorganization
and for approval to modify the Company s amortization methods for ADITC. The Company
contends that, if approved, such an order will assist in dispelling any concerns about Idaho
Power s health by supporting and stabilizing earnings during an uncertain period.
Deferral and amortization of corporate reorganization costs
Idaho Power proposes the following accounting and ratemaking treatment for costs
of reorganization. The Company proposes to defer in Account 182.3, Regulatory Assets, the
ORDER NO. 26216
reorganization costs incurred in 1995 , 1996 and 1997. Costs incurred by the Company for
payments to consultants assisting the Company in developing the reorganization plan, consultants
for employee counseling, lump sum compensation payments for voluntary or involuntary
separation, costs incurred by the Company for benefit payments and other charges related to
employee separations, will be deferred. The Company proposes to defer only out-of-pocket
expenses, consultant's fees, and severance costs; not those costs of Idaho Power employees who
are administering the program.
Idaho Power proposes to amortize the reorganization costs over a period not to exceed
10 years and three months commencing October 1 , 1995 as follows:
Costs incurred in 1995 will be amortized over the period October 1 , 1995
through December 31 , 2005.
Costs incurred in 1996 will be amortized over the period January 1 , 1997
through December 31 , 2005.
Costs incurred in 1997 will be amortized over the period January 1, 1998
through December 31 , 2005.
Rate moratorium and stability of earnings
The Company originally requested that, for the years 1995 through 1998, whenever
Idaho Power s actual total system earned return on year-end common equity falls below 11.
the Company would be permitted to modify its amortization methods (i.e., accelerate the
amortization) for state and federal ADITC by debiting Account 255 (ADITC) and crediting
Account 420, (Investment Tax Credits-amounts not passed on to customers), in an amount that
would result in the Company earning on an actual basis an 11.5% return on common equity. The
Company states that in computing its actual system earnings, it would include FERC
jurisdictional revenues and expenses.
In the event the Company s return on equity for any year during the period 1995
through 1998 rises above 11., Idaho Power originally proposed that it would not utilize any
accelerated amortization of state or federal ADITC. Instead, the Company would continue to
amortize ADITC to operating income as it has in the past.
Idaho Power originally proposed that if the Commission authorizes the utilization of
accelerated amortization of ADITC as set forth in the Application, then Idaho Power would not
ORDER NO. 26216
fIle a general rate application prior to January 1 , 1999, recognizing that the Commission normally
utilizes six months after the filing before granting any general rate relief. Idaho Power s rate
moratorium would, by necessity, exclude any new charges imposed by state or federal legislation
such as municipal franchise fees, tax rate changes or other new significant costs imposed upon
the Company which are outside its control. The Company also proposed an exception for any
applications it might fIle concerning pre-funding measures such as demand side management
programs.Additionally, the Company proposed to continue the annual rate adjustments
associated with its power cost adjustment mechanism (PCA).
Settlement stipulation
Subsequent to the filing ofIdaho Power s Application, the Company, the Commission
Staff and various interested parties entered into settlement negotiations pursuant to notice and
pursuant to Rules 271-277 of the Commission Rules of Procedure (IDAPA 31.01.01). An
agreement was ultimately reached and a Settlement Stipulation was executed prior to hearing by
the following parties:Idaho Power, Commission Staff, US Department of Energy, FMC
Corporation, Commercial Utility Customers, Micron Technology and the Idaho Irrigation
Pumpers Association, Inc. The Stipulation, attached to this Order as Exhibit "" was presented
to the Commission for its consideration at the hearing conducted in this case on October 10
1995.
The terms of the Stipulation are as follows.First, the parties agree, without
modification, to the deferral, amortization and accounting treatment of corporation reorganization
costs proposed by Idaho Power in its Application and described above.
The parties further agree that during any year from 1995 to 1999 , inclusive, if the
Company s earnings, on an actual basis, represent a return on year-end common equity of less
than 11., then Idaho Power would be permitted to amortize an additional amount of ADITC
necessary to increase earnings such that they will represent a return of 11.5%. Idaho Power
right to accelerate the amortization of ADITC, however, is limited to a total of $30 million for
the years 1995-1999.
With respect to Idaho Power s proposed rate moratorium, the parties agree that the
Company s base rates will not be changed prior to January 1 , 2000 (the "moratorium ) as
opposed to Idaho Power s original proposal of January 1 , 1999. Pursuant to the Stipulation, the
ORDER NO. 26216
moratorium does not affect the Company s PCA mechanism nor does it prohibit any party from
instituting a tracker proceeding in the event of significant changes in local, state and federal taxes
or franchise fees. In addition, the moratorium does not apply to the following three exceptions:
(1) a legislatively imposed surcharge for hydro relicensing, (2) an application by Idaho Power
or any other party, requesting changes in the manner in which demand side management charges
are recovered and, (3) the recovery by Idaho Power of costs related to catastrophic events which
are outside the control of the Company.
The stipulation also provides for an earnings cap. Earnings shall be calculated based
on the Company s actual year end results of operations which include the results of the Federal
Energy Regulatory Commission (FERC) jurisdiction wholesale operations. Earnings do not
include the results of operations from the Company s Nevada or Oregon jurisdictions with their
associated FERC allocations. Idaho Power has agreed that for the years 1995 through 1999, the
Company will make a formal filing, for review by all parties, of its calculations of earnings
along with supporting workpapers, with the Commission by the first day of April of the following
year. In the event the Company s actual earnings for a preceding year exceed an 11.75% return
on year end common equity, the Company shall refund 50% of the excess commencing on
May 15th of each year, in conjunction with its PCA rate adjustment. Any such refund shall be
made on a uniform percentage basis to each customer class. Furthermore, with the exception of
FMC Corporation, refunds shall be allocated within each rate schedule that has a separate demand
and energy charge, solely on the energy component. The parties have agreed that FMC may, in
its discretion, elect to have the refund allocated either to demand or energy or both and shall
notify the Company accordingly.
The Stipulation further provides that Idaho Power s quality of service will not
diminish either as a result of the corporate reorganization at issue in this proceeding or as a result
of the Settlement Stipulation.
Finally, the Stipulation specifically states that it shall not prevent any party from
initiating and pursuing before the Commission any proceeding that is revenue neutral to the
Company as a whole. In addition, Idaho Power is not relieved of its obligation to conduct a cost-
of-service study as directed by the Commission in Order No. 25880 issued in Case
No. IPC-94-
ORDER NO. 26216
FINDINGS
Initially, we note that no party opposed the Stipulation executed in this case. The
Industrial Customers of Idaho Power (ICIP) declined to sign the Stipulation due to concern for
allowing an exception to the rate moratorium in the event legislation is passed imposing a
surcharge for FERC hydro relicensing costs. Nonetheless, the ICIP expressed its general support
for the Stipulation.
Deferral and amortization of corporate reorganization costs
Few disagree that the electric utility industry is currently undergoing significant
transformation. What is less certain is precisely how those changes taking place will affect
utilities such as Idaho Power and 'its ratepayers. Idaho Power s ratepayers have long enjoyed
some of the lowest rates in the nation while receiving quality service. Idaho Power s ability to
continue providing quality service at low rates will depend upon a number of factors including
whether the Company remains financially healthy in an increasingly competitive market.
This Commission has historically supported the notion that Idaho s utility customers
are best served by utilities that are financially sound. Idaho Power is currently in a situation in
which it must make very difficult decisions concerning the management of the Company and
actions necessary to remain healthy in an increasingly competitive market.Allowing the
Company to defer and amortize costs related to efforts taken to ensure financial health and
viability will ultimately work to the benefit of Idaho Power s ratepayers in the form of lower
rates. We find that the corporate reorganization appears likely to further that end.
We further find that the Company s proposed accounting treatment is consistent with
the principle of matching costs with associated benefits; the benefits in this case consisting of
reduced costs attributable to the corporate reorganization. Because the reorganization will take
place over a number of years, we find that it is reasonable to allow the Company to defer and
amortize those costs over a time period that appears to be concurrent with the benefits realized.
Rate moratorium and earnings stability
Much has been said regarding the possible benefits of increased competition within
the electric utility industry. The changes taking place within the industry, however, also bring
uncertainty regarding stranded investment and rate instability. We believe that the most desirable
ORDER NO. 26216
aspect of the Settlement Stipulation is the fact that it will continue to provide Idaho Power
ratepayers with rate stability and low rates over a relatively long period, especially considering
the uncertainty of the times. Idaho Power benefits, of course, by the ability to maintain earnings
at a reasonable level during the reorganization process through its right to accelerate the
amortization of ADITC as set forth in the Stipulation.
While the 11.75% earnings cap may seem significantly higher than the authorized
return on equity adopted by this Commission for Idaho Power in Case No. IPC-94-, we note
that Idaho Power has agreed to include in its calculation of earnings for the purposes of the
Stipulation, the operations of its FERC jurisdiction wholesale operations which increases earnings
significantly. In addition, the 50% sharing of earnings provision will ensure that Idaho Power
earnings do not become excessive and that ratepayers share the benefits should the Company
enjoy higher earnings. In short, we find that the rate moratorium and earnings stability structured
by the parties in the Settlement Stipulation are fair, just and reasonable and in the best interest
of Idaho Power s ratepayers.
In adopting the Settlement Stipulation, we wish to emphasize several points. First
low rates and rate instability are less meaningful if Idaho Power s ratepayers do not receive
quality service. The Staff is directed to monitor the number of complaints received from Idaho
Power s customers during the course of the rate moratorium to determine whether the corporate
reorganization has had a deleterious effect on quality of service.
Next, we hereby inform the Company that any attempts by Idaho Power to increase
base rates through one of the exceptions provided in Section IV (D) of the Settlement Stipulation
shall be rigorously scrutinized. As stated, the primary benefits of the Stipulation, from the
viewpoint of ratepayers, are low rates and rate stability. We intend to hold the Company to the
assurances provided in the Stipulation in this regard. We further note that Section III of the
Stipulation provides that "(t)o the extent that the Application and its accompanying testimony and
exhibits conflict with the terms of (the) Settlement Stipulation, the terms of the Settlement
Stipulation shall prevail."
Finally, an issue was raised during the course of the hearing regarding legislation that
may be proposed by Idaho Power that would allow the Company to collect a surcharge from its
ratepayers to fund the costs of relicensing its hydroelectric facilities. Our acceptance of the
Settlement Stipulation is expressly conditioned upon the understanding that no party, including
ORDER NO. 26216
signatories to the Stipulation as well as the Commission itself, shall be prohibited from opposing
or taking any particular position, in any forum, with respect to such legislation by virtue of the
Settlement Stipulation or this Order. Our approval of the Settlement Stipulation is not an
indication of support for the concept of legislation as described above.
ORDER
IT IS HEREBY ORDERED that the Settlement Stipulation, attached hereto as Exhibit
" is approved subject to the terms and conditions set forth in this Order. Specifically, we
authorize and direct Idaho Power to do the following:
A. Continue amortizing ADITC using the same method employed immediately prior
to issuance of this Order.
B. In the event that, during any year from 1995 to 1999, inclusive, the Company
earnings, on an actual basis, represent a return on year-end common equity of less than 11.
Idaho Power will be permitted to amortize an additional amount of ADITC (the "additional
amount") necessary to increase earnings to 11.5%.
C. The additional amount of ADITC shall be amortized to Account 420, Investment
Tax Credits-amounts not passed on to customers, and only to that account. Account 420 will
only be reflected in non-operating earnings.The additional amount of ADITC will affect
earnings but shall not be reflected in operating income for ratemaking purposes.
D. In no event shall the aggregate additional amounts of ADITC amortized during
the period 1995 to 1999, inclusive, exceed $30 million.
E. In no event shall any additional amounts of ADITC previously amortized pursuant
to this Order be reflected in operating results on the Company s regulated books of account.
IT IS FURTHER ORDERED that the Company is prohibited from amortizing any
additional amount of ADITC prior to the receipt by it of a favorable private letter ruling from
the Internal Revenue Service and/or a declaratory ruling from the Idaho State Tax Commission
indicating that such amortization on the terms and conditions set forth herein will not violate the
normalization rules of the Internal Revenue and/or Idaho Code. The Company is directed to
proceed as expeditiously as possible to secure such a ruling from the Internal Revenue Service
and/or a declaratory ruling from the Idaho State Tax Commission.
ORDER NO. 26216
THIS IS A FINAL ORDER. Any person interested in this Order (or in issues finally
decided by this Order) or in interlocutory Orders previously issued in this Case No. IPC-95-
may petition for reconsideration within twenty-one (21) days of the service date of this Order
with regard to any matter decided in this Order or in interlocutory Orders previously issued in
this Case No. IPC-95-11.Within seven (7) days after any person has petitioned for
reconsideration, any other person may cross-petition for reconsideration.See Idaho Code
~ 61-626.
DONE by Order of the Idaho Public Utilities Commission at Boise, Idaho this
.At:) U- day of October 1995.
~~~
RALPH LSON, PRESIDENT
Commiss ioner Smi th was out of the
office on this date.
MARSHA H. SMITH, COMMISSIONER
~~~
NNIS S. HANSEN, COMMISSIONER
ATTEST:
j)~
Myrna J. Walters
Commission Secretary
vld/O-IPC-95-11.bp
ORDER NO. 26216
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BEFORE THE
IDAHO PUBLIC UTiliTIES COMMISSION
EXHIBIT
SETTLEMENT STIPULATION
CASE NO. IPC-95-
BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION
IN THE MATTER OF THE APPU~ATIdN OF )
IDAHO POWER COMPANY FOR AN
ACCOUNTING ORDER TO DEFER AND
, )
AMORTIZE EXTRAORDINARY COSTS OF )
CORPORATE REORGANIZATION AND
APPROVAL TO MODIFY AMORTIZATION
METHODS FOR ACCUMULATED DEFERRED )
INVESTMENT TAX CREDITS
CASE NO. IPC-95-
SETTLEMENT STIPULATION
Pursuant to Rules 271-277 of the Commission s Rules of Procedure (IDAPA
31.01.01), the Idaho Power Company (Idaho Power; Company), the Staff of the Idaho Public
Utilities Commission and the undersigned intervenors to this proceeding (herein collectively
referred to as "the parties ), by and through their respective counsel of record, hereby stipulate
as follows:
I. BACKGROUND
On August 3, 1995 , Idaho Power filed an Application for an accounting Order from
the Idaho Public Utilities Commission (Commission) authorizing the deferral and amortization
of costs related to the corporate reorganization of the Company and for an Order approving the
modification of amortization methq,ds for accumulated deferred investment tax credits (ADITC).
In addition, the Company proposed a moratorium on general rate increases and a sharing of
earnings in years in which Idaho Power s earnings exceeded a specified level.
The Staff and each intervenor have conducted their own independent investigations
of the issues raised by Idaho Power s Application. Based on those investigations and based on
extensive negotiations, all parties hereto believe that the following settlement is in the public
interest and that its implementation will result in electric rates for Idaho Power Company that are
fair, just and reasonable. Furthermore, this settlement is entered mto in the spirit of compromise
and with the intent that all parties hereto be bound by its terms and conditions.
SETTLEMENT STIPUT..A TION FORFILING SETTLEMENT
EXHIBIT 1
Case No. IPC-95-
Page 1 OF 11
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IT. BASIS OF SETTLEMENT
Idaho Power proposes the following accounting and rate making treatment for costs
, related to corporate reorganization. First, the Company proposes to defer in Account 182.
(Regulatory Assets), reorganization costs incurred in 1995, 1996 and 1997. Costs incurred by
, the Company for payments to consultants assisting the Company in developing the reorganization
plan, consultants for employee counseling, lump sunl' compensation payments for voluntary or
involuntary separation, costs incurred by the Company for benefit payments and other charges
related to employee separations, will be deferred. The Company proposes to defer only out-of-
pocket expenses, consultants' fees and severance costs; not those costS ofIdaho Power employees
who are administering the program.
Idaho Power proposes to amortize the reorganization costs over a period not to exceed
ten years and three months commencing October 1, 1995 as follows:
Costs incurred in 1995 will be amortized over the period October 1, 1995
through December 31 , 2005.
Costs incurred in 1996 will be amortized over the period January 1, 1997
through December 31, 2005.
Costs incurred in 1997 will be amortized over the period January 1, 1998
through December 31 , 2005.
Idaho Power also requested an Order from the Commission that, for the years 1995
through 1998 , whenever Idaho Power s actual total' system earned return on year end common
equity falls below 11.5%, the Company would be permitted to modify its amortization methods
(Le, accelerate the amortization) for state and federal ADITC by debiting Account 255 (ADITC)
and crediting Account 420 (Investment Tax Credits), in an amount that would result in the
Company earning, on an actual basis, an 11.5% return on equity.
In the event the Company s return oil equity for any year during the period 1995
through 1998 rises above 11.5%, Idaho Power proposed that it would not utilize any accelerated
amortization of state or federal ADITC. The Company would continue to amortize ADITC to
operating income as it has in the past. (As noted below, the tlme period during which Idaho
Power may accelerate ADITC has been extended to include the year 1999).
SETTLEMENT STfPULATION FOR
FILING
SETTLEMENT
EXHIBIT 1
Case No. IPC-95-
Page 2 OF
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ID. APPROVAL RECOMMENDATION
The parties have negotiated this Settlement Stipulation as an integrated document and
" recommend that the Commission ~opt it in its entirety. Accordingly, this Settlement Stipulati9n
is expressly conditioned upon its acceptance by the Commission without modification. To the
extent that the Application and its accompanying testimony and exhibits conflict with the terms
of this Settlement Stipulation, the terms of the Settlement Stipulation shall prevail.
IV. TERMS AND CONDITIONS OF SETTLEMENT AGREEMENT
A. Deferral and amortization of corporate reorganization costs
The parties hereby agree to the deferral and amortization of corporate reorganization
costs as proposed by Idaho Power and identified in Section II of this Settlement Stipulation.
B. Limitation on Amount of Amortization of ADITC
Idaho Power is hereby limited in the amount of state and federal ADITC it may
accelerate for amortization purposes to a total of $30 million for the years 1995-1999.
C. Return on Equity and Sharing of Earnings
For purposes of this Agreement, the term "earnings" shall be calculated based on the
Company s actual year end results of operations which include the results of the Federal Energy
Regulatory Commission (FERC) jurisdiction wholesale operations. The results of the FERC
wholesale operations will be spread to the Company s retail jurisdictions. Earnings do not
include the results of operations from the Company s Nevada or Oregon jurisdictions with their
associated FERC allocations. The Oregon and Nevada exclusion will be accomplished by (1)
seperating actual financial results using a Jurisdictional Seperations Study based on the same
allocation methodology as ordered by the Commission in Idaho Power s last general rate case
(Case No. lPC-94-5) and (2) computing either the ADITC or the shared earnings on an Idaho-
seperated basis.
SEITLE:MENT STIPULATION FORFILING SETTLEMENT
EXHIBIT 1
Case No. IPC-95-
Page 3 OF
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For the ,years 1995 through 1999, Idaho Power will make a fomial filing, for review
by all parties, of its calculations of earnings, along with supporting workpapers, with the
, .
Co~ssion by the 1st day of April of the following year. Copies of this filing sliall be sent to
all signatory parties to this Settlement Stipulation. In the event the Company s actual earnings
. for a preceding year exceed 11.75% return on year end common equity, the Company shall
refund 50% of the excess commencing on May 15th of each year, ii:1 conjunction with its PCA
rate adjustment. Said refund shall be made on a uniform percentage basis to each customer clas
Furthermore, with the exception of FMC Corporation, said refund shall be allocated within each
rate schedule that has a separate demand and energy charge, solely on the energy component.
FMC may, in its discretion, elect to have the refund allocated to either demand or energy or both
and shall notify the Company ac~ordingly.
D. Rate Moratorium
Idaho Power s base rates will not be changed pnor to January 1 , 2000 (the
moratorium ). This moratorium is not intended to affect the Company s Power Cost Adjustment
(PCA) mechanism nor prohibit any party from instituting a tracker proceeding in the event of
significant changes in local, state and federal ta.xes or franchise fees. Furthermore, the
moratorium does not apply to the following three exceptions: (1) a legislatively imposed
surcharge for hydro relic ensing, (2) application by Idaho Power, or any other party, requesting
changes in the manner in which Demand Side Management charges ,are recovered and, (3) the
recovery by Idaho Power of costs related to catastrophic events which are outside the control of
the Company.
E. Impact on Service Quality
Idaho Power agrees that its quality of service will not diminish either as a result of
the corporate reorganization at issue in this proceeding or as a result of this Settlement
Stipulation. The Company will work with the Commission Staff and other interested parties to
develop formal, objective and customer-focused criteria by which to measure and evaluate
performance with respect to service quality and customer relations. Within one year from the
date of this Settlement Stipulation, Idaho Power will develop and implement a system for
SETTLEMENT STIPULATION FOR
Fll..ING
SETTLEMENT
EXHIBIT 1
Case No. IPC-95-
Page 4 OF
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. collecting, resolving and analyzing, in a timely and efficient manner, informal complaints tiled
by customers directly with the Company or.through the Commission.
Furthermore, Idaho Power agrees to' notify affected customers and the Commissi~n
of any decision to close or reduce the hours of operation at any Idaho Power office that is open
to the public at least 30 days prior to the effective date of its action.
- '
. :F. Revenue Neutral Proceedings
This Settlement Stipulation shall not prevent any party hereto, including Idaho Power
from initiating and pursuing before the Commission any proceeding that is revenue neutral to the
Company as a whole. AIly changes to revenue allocation among customer classes shall be
supported by cost of service principles. In addition, this Settlement Stipulation shal1 not relieve
Idaho Power from its obligation to conduct a cost-of-service study as directed by the Commission
in Order No. 25880 (see p. 35), issued in Case No. IPC-94-
G. ~tipuIati~n Binding on Successors
This Settlement Stipulation shall be binding on the parties, their assigns and/or
successors in interest.
V. EFFECT OF SETTLEMENT/CONDITIONS
The parties understand that this Settlement is not binding on the Commission in ruling
on Idaho Power s Application in this case. This Stipulation is also conditioned upon acceptance
by the Internal Revenue Service and the Idaho State Tax Commission of the Company s proposed
modification of amortizaton methods for ADITC.
VI. EXECUTION OF STIPULATION
This Settlement Stipulation may be executed in counterparts.
, SETTLEMENT STIPULATION FORFILING SETILEMENT
EXHIBIT 1
Case No. IPC-95-
Page 5 OF
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DATED at Boise, Idaho this ;J1
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of September 199S.
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B lad M. Purdy
:Idaho PoWer Company "
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- Dep~ Attorney General
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: Idaho Public Utilities Commission Staff .
Lawrence A. Gollomp
Assistant General- Counsel
United States Department of Energy
Ronald 1. Williams
Commercial Utility Customers
Peter J. Richardson
Industrial Customers of Idaho Power
John J. McFadden
Micron Technology
Conley Ward
FMC Corporation
Randall C. Budge
Idaho Irrigation Pumpers Assoc., Inc.
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SETTLEMENT ST~ULA TION FOR
FTI..ING
SETTLEMENT
EXHIBIT 1
Case No. IPC-95-
Page 6 OF
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DATED Ilt Boise, Idaho this;,f) dny of September 1995.
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Brad M. Purdy
DeputY AttOrney General
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, Idaho Public ULiliut:S Commission SLaIT
Larry D. Ripley
Idaho Power Company
Lawrence A. Gollomp
Assistant General Counsel
United States Department of Energy
Ron3.1d L. Williams
Commercial Utility Customers
Pt;tcr J. Richardson
IndU3trial CU3tomcrs of Idaho 'Power
John J. McFaddcn
Micron Tcchnolog)'
Conley Ward
fMC Corporation
Randall C. Budge
Idaho Irrigation Pumpers Assoc.. Inc.
YIIilN.l1C.C.9'.II.
SETTLEMENT sTtrULA nON FOR
FILING
SETTLEMENT
EXHIBIT 1
Case No. IPC-95-
Page 7 OF
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DATED at Daise, Idaho this
Larry D. Ripley
Idaho Power Company
Lawrence A. Gollomp
Assistant General CuUIDicl
UniLcu. States Depal~cnt of I!nergy
Peter J. Richardson
Industrial Customers of Idaho Power
Conlcy WaL'd
FMC Corporation
~ldIN-trC-e"$-11.
StTTL~MENT STIPULATION FOR
Fll.ING
dny of September 1995.
Hrad M. Purdy
DepUtY AttOrney Genenll
Idaho Public Utilities Commi::i::iiuu Staff
fJ".;) tJ
Ronald L. Williams
Commercial Utility Customers
John J. McFadden
Micron Technology
RandD.ll C. Budge
Idaho Irrigation Pumpers Assoc., Inc.
SETTLEMENT
EXHIBIT 1
Case No. IPC-9S-
Page 8 OF
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SEP. - 25' 95 (MaNI 14: 29 MOORE k \DDEN CTD TEL:208 ~004202- -
DATED at Boise. Idaho this26tC-..day of September 1995.
Larry D. Ripley
Idaho Power Company
Lawrence A. Gollomp
AssiStant Genera! Counsel
United States Department of Energy
Peter I. Richardson
Industrial CUStOmers of Idaho Power
Conley Ward
FMC Corporation
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Brad M. Purdy
DepUty Attomey General .
Idaho Public Utilities Commission Staff
Ronald L. Williams
Commercial Utility Customers
Randall C. Budge
Idaho Irrigation Pumpers Assoc.. Inc.
SETTLEMENT
EXHIBIT 1
Case No. IPC-95-
Page 9 OF
DATED at Boise, Idaho this
LaITY D. Ripley
Idaho Power Company
Lawrence A. Gollomp
Assist3I1t General Counsel
United States Department of Energy
Peter J. Richardson
Industrial Customers of Idaho Power
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SETILEMENT STIPULATION FOR
FILING
day of September 1995.
Brad M.. Purdy
Deputy Attorney General
Idaho Public Utilities Commission Staff
Ronald L. Williams
Commercial Utility Customers
John J. McFadden
Micron Technology
Randall C. Budge
Idaho Irrigation Pumpers Assoc., Inc.
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SETTLEMENT
EXHIBIT 1
Case No. IPC-95-
Page 10 OF
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DATED It Boise. Idaho this
Lan')' D. Ripley
14aho Power Company
Lawrence A. Gollomp
Assisllnt Genml Counsel
Uaitec! S~~ Department of EnerlY
Peter J. Ilic~on
IndU$trial Customers of Idlbo Power
Conley Ward
FMC Corporation
'E-95-11.
"p'
SETTLEMENT STIPTJLA TION FOR.
FILING
._._~ A""... .A~~ ..---~--.._-,
day or September 1995.
.....
BlI~ Me Purdy
Deputy A'CtOmey Oentral
Idaho Public UtilitieJ Commission Staff
R.onaIc! L. WUliams
CODUnerc:ial Utility CQstamer.s
John J. McFadden
Microa. Te;1moloi)'
Aandall C. Budge
Idabo Irrigation Pumpers Assoc., Inc.
SffiLEMENT
EXHIBIT 1
Case No. IPC-95-
Page 11 OF 11
~7-95 1~23~
:..
DATED at Boise. Idaho this,"1. day of September 1995.
LarT)' D. Ripley
Idaho Power Company
Brad M. Purdy
Deputy Attorney General
Idaho Public Utilities Commission Staff
wre ce . 0 omp
Assistant General Counsel
United States Department of Energy
Ronald L. Williams
Commercial Utility Customers
Peter J. Richardson
Industrial Customers of Idaho Power
John 1. McFadden
Micron Technology
Conley Ward
FMC Corporation
Randall C. Budge
Idaho Irrigation Pumpers Assoc., me.
vldIN-IPC-9'.II.bp4
SETTLEMENT STIPULATION FOR
r:ILING
SETTLEMENT
EXHIBIT 1
Case No. IPC-95-
Page 12
IDAHO
PUBLIC UTiliTIEScommission
Philip E. Batt, Governor
o. Box 83720, Boise, Idaho 83720-0074
Ralph Nelson, President
Marsha H Smith, Commissioner
Dennis S. Hansen, Commissioner
October 24, 1995
TO THE RECIPIENTS OF IPUC ORDER NO. 26216 IN CASE NO. IPC-E-95-
On October 20, 1995, you were mailed a copy of the above-namedorder. Exhibit A referred to in the Order was not attached.
Enclosed is a copy of Exhibit
order you received earlier.
Please make that a part of the
Sincerely,
/?~
Myrna J. Walters
Commission Secretary
mjwEnclosure
Located at 472 West Washington Street, Boise, Idaho 83702
Telephone: [phone] Facsimile: [phone]