20071130final_order_no_30469.pdf

Office of the Secretary
Service Date
November 30, 2007
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
2008
CASE NO. GNR-07-
ORDER NO. 30469
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 2006 through October 31
2007, is 4.79%. This rounds to 5.0%. Accordingly, public utilities shall pay 5.0% annual
interest on all customer deposits held pursuant to IDAPA Rules 31.21.01.106 and 31.41.01.106
for calendar year 2008. The 2008 interest rate is identical to the 2007 interest rate.
ORDER
IT IS HEREBY ORDERED that 5.0% annual interest shall be paid during calendar
year 2008 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 calendar year 2008 shall be 5.0%.
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 ~~ 61-626 and 62-619.
ORDER NO. 30469
DONE by Order of the Idaho Public Utilities Commission at Boise, Idaho this Jo
day of November 2007.
SIDENT
~l a~tA j ~lAA
MARSHA H. SMITH, COMMISSIONER
ATTEST:
~L~Je D. Jewell
Commission Secretary
bls/O:GNR-O7-
ORDER NO. 30469