20110902order_no_32335_errata.pdf

Office of the Secretary
Service Date
September 2,201 1
BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION
IN THE MATTER OF THE APPLICATION )AVISTA CORPORATION FOR AUTHORITY )CASE NO.AVU-G-11-04
TO CHANGE ITS RATES AND CHARGES )(2011 PURCHASED GAS COST )ERRATA TO
ADJUSTMENT).)ORDER NO.32335
_________________________________________________________________________________
)
On August 25,2011,the Commission issued Notice of Application and Notice of
Modified Procedure,Order No.32335.On August 26,2011,Avista Corporation filed a
“Revised Application”(“Revised Application”)that updated certain calculations in its original
Application.’In light of Avista’s revisions,the following corresponding changes should be
made to Order No.32335:
Page 1,Paragraph 1 (footnote omitted):
READS:
“On August 15,2011,Avista Corporation dba Avista Utilities filed its annual
Purchased Gas Cost Adjustment (PGA)Application requesting authority to
increase its annualized revenues by $1.1 million,or about 1.53%.
Application at 1.The Company says the changes will not affect its earnings.
Avista states that if the Application is approved,the average residential or
small commercial customer using 62 therms of gas per month will experience
a monthly increase of $0.99 per month (1.63%).Id.at 4.The Company asks
that its Application be processed by Modified Procedure,and requests thatthenewratestakeeffectOctober1,2011.Id.”
SHOULD READ:
“On August 15 and 26,2011,Avista Corporation dba Avista Utilities filed
its annual Purchased Gas Cost Adjustment (PGA)Application requesting
authority to increase its annualized revenues by $0.7 million,or about 0.98%.
Application at 1;Revised Application at 1.The Company says the changes
will not affect its earnings.Avista states that if the Application is approved,
the average residential or small commercial customer using 62 therms of gaspermonthwillexperienceamonthlyincreaseof$0.67 per month (1.10%).
Revised Application at 2.The Company asks that its Application be
processed by Modified Procedure,and requests that the new rates take effect
October 1,2011.Application at 4.”
The Revised Application enclosed a Substitute Sixteenth Revision Sheet 150 that replaced the Sixteenth RevisionSheet150filedwiththeoriginalApplication.
ERRATA TO ORDER NO.32335 1
Page 1,Paragraph 3:
READS:
“YOU ARE FURTHER NOTIFIED that Avista proposes decreasing thecommoditycost(i.e.,the WACOG)from the currently approved $0.46 1 perthermto$0423 per therm,for a $O.038 per therm decrease.Id.at 3.”
SHOULD READ:
YOU ARE FURTHER NOTIFIED that Avista proposes decreasing thecommoditycost(i.e.,the WACOG)from the currently approved $0.46 I perthermto$O.418 per therm,for a $0.043 per therm decrease.RevisedApplicationat1.”
Page 2.Paragraph 1:
READS:
“YOU ARE FURTHER NOTIFIED that Avista says it has periodically
hedged gas throughout 2011 for the coming PGA year (13 months).Id.TheCompanysaysitwillhedgeapproximately70%of its estimated annual loadrequirementsforthePGAyear(October 2011 —October 2012)at a fixed
price comprised of:(1)32%of volumes hedged for a term of one-year or
less;(2)18%of prior multi-year hedges;and (3)20%from underground
storage,id.Through July,the planned hedge volumes for the PGA yearhavebeenexecutedataweightedaveragepriceof$0.479 per therm.Id.”
SHOULD READ:
“YOU ARE FURTHER NOTIFIED that Avista says it has periodically
hedged gas throughout 2011 for the coming PGA year (13 months).Id.The
Company says it will hedge approximately 70%of its estimated annual load
requirements for the PGA year (October 2011 —October 2012)at a fixedpricecomprisedof:(1)32%of volumes hedged for a term of one-year orless;(2)18%of prior multi-year hedges;and (3)20%from underground
storage.Id.Through July,the planned hedge volumes for the PGA year
have been executed at a weighted average price of $0476 per therm.Revised Application at 1-2.”
DATED at Boise,Idaho this day of September 2011.
I.
en D.Jewell(J
Commission Secretary
O:AVTJ-G-1 1-04 kk Errata
ERRATA TO ORDER NO.32335