HomeMy WebLinkAbout200142_jh.docDECISION MEMORANDUM
TO: COMMISSIONER HANSEN
COMMISSIONER SMITH
COMMISSIONER KJELLANDER
JEAN JEWELL
RON LAW
LOU ANN WESTERFIELD
TONYA CLARK
DON HOWELL
RANDY LOBB
DAVE SCHUNKE
TERRI CARLOCK
BEVERLY BARKER
GENE FADNESS
WORKING FILE
FROM: JOHN R. HAMMOND
DATE: APRIL 2, 2001
RE: IN THE MATTER OF THE APPLICATION OF PACIFICORP FOR AN ACCOUNTING ORDER. CASE NO. PAC-E-01-5.
On March 30, 2001, PacifiCorp filed an Application for an accounting order. PacifiCorp requests that the Commission issue an order authorizing the establishment of a regulatory asset and/or regulatory liability associated with the implementation of Financial Accounting Standards 133 and 138 (FAS-133/138), Accounting for Certain Derivative Instruments and Certain Hedging Activities. The Financial Accounting Standards Board (FASB) issued FAS-133 in June 1998. It was later amended by FAS-138 in June 2000. All companies with a calendar year-end must adopt these rules no later than January 1, 2001. PacifiCorp requests that the Commission process this Application under Modified Procedure and issue an order making this accounting treatment effective on April 1, 2001.
Staff recommends that this case be processed by Modified Procedure under the Commission Rules and also recommends that the Commission establish a twenty-one (21) day comment period to submit written comments. Staff also recommends that the Commission suspend issuance of an order on this case until April 30, 2001.
Commission Decision:
Does the Commission wish to process PacifiCorp’s Application under Modified Procedure?
Does the Commission wish to establish a twenty-one (21) day period to submit written comments?
Does the Commission wish to suspend the issuing an order regarding this case until April 30, 2001?
John R. Hammond
Staff: Terri Carlock
M:pace015_jh
DECISION MEMORANDUM 2