20051220final_order_no_29932.pdf

Office of the Secretary
Service Date
December 21 2005
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
2006
CASE NO. GNR-05-
ORDER NO. 29932
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 , 2004 through October 31
2005, is 3.32%. This rounds to 3.0%. Accordingly, public utilities shall pay 3.0% annual
interest on all customer deposits held pursuant to IDAPA Rules 31.21.01.106 and 31.41.01.106
for calendar year 2006. The 2006 interest rate is an increase of 1.0% from the 2005 interest rate.
ORDER
IT IS HEREBY ORDERED that 3.0% annual interest be paid during calendar year
2006 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 2006 shall also change to 3.0%.
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 9 61-626.
ORDER NO. 29932
DONE by Order ofthe Idaho Public Utilities Commission at Boise, Idaho this 2/ s:1
day of December 2005.
PAU
6~L (J ~
MARSHA H. SMITH, COMMISSIONER
IS S. HANSEN, COMMISSIONER
ATTEST:
(taMJe D. Jewell
Commission Secretary
bls/O:GNR-05-01 dh
ORDER NO. 29932