20041208Final Order No 29653.pdf

Office of the Secretary
Service Date
December 8, 2004
BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION
IN THE MATTER OF THE INTEREST RATE
ON DEPOSITS COLLECTED FROM
CUSTOMERS OF GAS, ELECTRIC,
TELEPHONE AND WATER PUBLIC UTILITIES
FOR THE CALENDAR YEAR 2005.
CASE NO. GNR-04-
ORDER NO. 29653
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 -ene- 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 , 2003 through October 31
2004, is 1.67%. 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 2005. The 2005 interest rate is an increase of 1.0% from the 2004 interest rate.
ORDER
IT IS HEREBY ORDERED that 2.0% annual interest be paid during calendar year
2005 on customer deposits held by gas, electric, water, and telephone companies subject to this
Commission s jurisdiction under IDAP A 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 2005 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) or in interlocutory Orders previously issued in this Case No. GNR-04-
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
ORDER NO. 29653
this Case No. GNR-04-Within seven (7) days after any person has petitioned for
reconsideration, any other person may cross-petition for reconsideration. See Idaho Code 9 61-
626.
DONE by Order of the Idaho Public Utilities Commission at Boise, Idaho this '1
day of December 2004.
Commissioner Smith Out of the Office
MARSHA H. SMITH, COMMISSIONER
ATTEST:
Je D. Jewell
Commission Secretary
vld/O:GNRU0401 dh
ORDER NO. 29653