28672.doc

BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION

IN THE MATTER OF THE APPLICATION OF INTERMOUNTAIN GAS COMPANY FOR AN ORDER AUTHORIZING THE ISSUANCE AND SALE OF SECURITIES
)
)
)
)
)
)
CASE NO. INT-G-00-3

ORDER NO. 28672

On November 13, 2000, Intermountain Gas Company (hereinafter “IGC”) filed an Application pursuant to Chapter 9 of Title 61, Idaho Code and Rules 141 through 150 of the Commission’s Rules of Procedure. IDAPA 31.01.01.141-150. In that Application IGC requested reauthorization of its existing revolving note, not to exceed $15,000,000, for a period of five years. IGC also requested reauthorization of its seasonal expansion line of credit, not to exceed $10,000,000, from September 1 to April 1 of each year through maturity. The November Application also requested that the previous seasonal line of credit, which expired on January 31, 2001, be increased by $5,000,000. The Commission granted the Company’s Application in Order No. 28594.
In a letter dated March 9, 2001, IGC requested that Order No. 28594 be amended to extend the Seasonal Expansion Line to a twelve (12) month, year-round period that will include a quarterly election to make the $10,000,000 line of credit active or inactive. All other terms and conditions of Order No. 28594 would remain unchanged.
The Commission, having fully considered the original and supplemental Applications, attached exhibits, its files and records relating to this Application and the applicable laws and rules, grants the proposed amendment to Order No. 28594.
FINDINGS OF FACT
IGC is an Idaho corporation with its office and principal place of business in Boise, Idaho. The Company is a natural gas public utility, owning and operating transmission pipelines, a compressor station, a liquefied natural gas storage facility, distribution mains, services, meters and regulators, and general plant and equipment.

IGC requests that Order No. 28594 be amended to extend the Seasonal Expansion Line to a twelve (12) month, year-round period that will include a quarterly election to make the $10,000,000 line of credit active or inactive. This amendment will allow IGC to continue funding the Purchased Gas Account (PGA) deferrals beyond March 31, 2001. All other terms and conditions of Order No. 28594 will remain unchanged.
CONCLUSIONS OF LAW
IGC is a gas corporation within the definition of Idaho Code § 61117 and is a public utility within the definition of Idaho Code § 61129.
The Idaho Public Utilities Commission has jurisdiction over this matter pursuant to the provisions of Idaho Code § 61901, et seq., and the Application reasonably conforms to Rules 141-150 of the Commission's Rules of Procedure (IDAPA 31.01.01-141-150).
The general purposes to which the proceeds will be put are lawful under the Public Utility Laws of the state of Idaho and are compatible with the public interest. However, this general approval of the general purposes to which the proceeds will be put is neither a finding of fact nor a conclusion of law that any particular construction program of IGC which may be benefited by the approval of this Application has been considered or approved by this Order, and this Order shall not be construed to that effect.
The issuance of an Order authorizing the proposed financing does not constitute agency determination/approval of the type of financing or the related costs for ratemaking purposes. The Idaho Public Utilities Commission does not have before it for determination, and therefore does not determine, any effect of the proposed transactions on rates to be charged by IGC for natural gas to consumers in the state of Idaho.
All lawful fees have been paid by Intermountain Gas as provided by Idaho Code § 61-905.
O R D E R
IT IS THEREFORE ORDERED that Intermountain Gas Company’s request to amend Order No. 28594 to extend the Seasonal Expansion Line to a twelve (12) month, year-round period with a quarterly election to make the $10,000,000 line of credit active or inactive is hereby granted. All other terms and conditions of Order No. 28594 remain in effect.
IT IS FURTHER ORDERED that Intermountain Gas Company shall make quarterly reports to this Commission setting forth the date of issuance, principal amount, interest rate, date of maturity and identity of payee for any revolving note issued each quarter.
IT IS FURTHER ORDERED that this authority will expire on December 15, 2005.

IT IS FURTHER ORDERED that the foregoing authorization is without prejudice to the regulatory authority of this Commission with respect to rates, service, accounts, valuation, estimates, or determination of cost or any other matter that may come before this Commission pursuant to this jurisdiction and authority as provided by law.
IT IS FURTHER ORDERED that nothing in this Order and no provision of Chapter 9, Title 61, Idaho Code, or Commission Rules 141-150, or any act or deed done or performed in connection with this Order shall be construed to obligate the state of Idaho to pay or guarantee in any manner whatsoever any security authorized, issued, assumed, or guaranteed under the provisions of Chapter 9, Title 61, Idaho Code and Commission Rules 141-150.
IT IS FURTHER ORDERED that issuance of this Order does not constitute acceptance of Intermountain Gas Company’s exhibits or other material accompanying this Application for any other purpose other than the issuance of this Order.
THIS IS A FINAL ORDER. Any person interested in this Order may petition for reconsideration within twenty-one (21) days of the service date of this Order. Within seven (7) days after any person has petitioned for reconsideration, any other person may cross-petition for reconsideration. See Idaho Code § 61626.

DONE by Order of the Idaho Public Utilities Commission at Boise, Idaho this
day of March 2001.

DENNIS S. HANSEN, PRESIDENT

MARSHA H. SMITH, COMMISSIONER

PAUL KJELLANDER, COMMISSIONER

ATTEST:

Jean D. Jewell
Commission Secretary

O:intg0003_ln

ORDER NO. 28672 -1-

ORDER NO. 28594 4

Office of the Secretary
Service Date
March 14, 2001