29158.pdf

Office of the Secretary
Service Date
November 27, 2002
BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION
IN THE MATTER OF THE DETERMINATION
OF THE INTEREST RATE ON DEPOSITS
COLLECTED FROM CUSTOMERS OF GAS,
ELECTRIC, TELEPHONE AND WATER
PUBLIC UTILITIES FOR THE CALENDAR YEAR 2003.
CASE NO. GNR-02-
ORDER NO. 29158
The Commission s Customer Relations Rules for Gas, Electric and Water Utilities
(IDAPA 31.21.01.106) and the Customer Relations Rules for Telephone Companies (IDAPA
31.41.01.106) both provide for the payment of interest on customer deposits. Pursuant to Rule
106.02 of these rule sets, the interest rate on deposits is determined by calculating the 12-month
average interest rate for one-year treasury bills for the previous November 1 through October 31.
The resulting rate is then rounded to the nearest whole percent. The calculated rate will be in
effect for the following calendar year.
Using the weekly rates found in the "Wall Street Journal " the average interest rate
for one-year treasury bills for the 12-month period from November 1, 2001 through October 31
2002, is 2.13%. This rounds to 2.0%. Accordingly, public utilities shall pay 2.0% annual
interest on all customer deposits held pursuant to IDAPA Rules 31.21.01.106 and 31.41.01.106
for calendar year 2003. The 2003 interest rate is a decrease of2.0% from the 2002 interest rate.
ORDER
IT IS HEREBY ORDERED that 2.0% annual interest be paid during calendar year
2003 on customer deposits held by gas, electric, water, and telephone companies subject to this
Commission s jurisdiction under IDAPA 31.21.01.106 and 31.41.01.106. The Commission
Secretary shall serve this Order upon all public utilities operating within Idaho.
IT IS FURTHER ORDERED that the rate on deferred accounts using the customer
deposit rate during the calendar year 2003 shall also change to 2.0%.
THIS IS A FINAL ORDER. Any person interested in this Order (or in issues finally
decided by this Order) 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. GNR-02-2. Within seven (7) days after any person
ORDER NO. 29158
has petitioned for reconsideration, any other person may cross-petition for reconsideration. See
Idaho Code ~~ 61-626 and 62-619.
DONE by Order of the Idaho Public Utilities Commission at Boise, Idaho this :lS'"
day of November 2002
MARSHA H. SMITH, COMMISSIONER
ATTEST:
~~AJe D. Jewell
Commission Secretary
vldlO:GNR-O2-2 - db
ORDER NO. 29158