HomeMy WebLinkAbout26233.docxBEFORE THE IDAHO PUBLIC UTILITIES COMMISSION
IN THE MATTER OF THE DETERMINATION)
OF THE INTEREST RATES ON DEPOSITS)CASE NO. GNR-U-95-1
COLLECTED FROM CUSTOMERS OF GAS,)
ELECTRIC, TELEPHONE AND WATER PUBLIC )
UTILITIES FOR THE CALENDAR YEAR 1996.)ORDER NO. 26233
)
This Commission’s Customer Relations Rules for Gas, Electric, and Water Public Utilities, IDAPA 31.21.01.000 et seq., and Customer Relations Rules for Telephone Companies, IDAPA 31.41.01.000 et seq., both provide for the payment of interest on deposits held according to those rules. The interest rate is calculated as follows:
[T]he Commission will determine the 12-month average interest rate for one-year treasury bills for the previous November 1 through October 31, round that rate to the nearest whole percent, and notify the [utilities] of its determination of this interest rate. That rate will be in effect for the following calendar year. . . .
See UCR Rule 106.2 (IDAPA 31.21.01.106.02) and TCR Rule 106.02 (IDAPA 31.41.01.106.02).
As shown in the appendix to this Order, the average interest rate for one-year treasury bills for the 12-month period from November 1, 1994 through October 31, 1995, is 6.2%. This rounds to 6%. Accordingly, public utilities shall pay 6% annual interest on all deposits held pursuant to IDAPA Rules 31.21.01.106 and 31.41.01.106 for calendar year 1996. This is an increase from the 5% rate in effect for calendar year 1995. See Order No. 25788 issued November 10, 1994.
O R D E R
IT IS THEREFORE ORDERED that 6% annual interest rate be paid during the calendar year 1996 on 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.
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-U-95-1 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-U-95-1. Within seven (7) days after any person has petitioned for reconsideration, any other person may cross-petition for reconsideration. See Idaho Code § 61-626.
DONE by Order of the Idaho Public Utilities Commission at Boise, Idaho this day of November 1995.
RALPH NELSON, PRESIDENT
MARSHA H. SMITH, COMMISSIONER
DENNIS S. HANSEN, COMMISSIONER
ATTEST:
Myrna J. Walters
Commission Secretary
vld/O-GNR-U-95-1.sh
APPENDIX
ONE-YEAR TREASURY BILLS
Week Ende Rate % Week Ende Rate %
04-Nov-94 6.28 05-May-95 6.16
11-Nov-94 6.42 12-May-95 6.00
18-Nov-94 6.58 19-May-95 5.98
25-Nov-94 6.63 26-May-95 5.92
02-Dec-94 6.89 02-Jun-95 5.71
09-Dec-94 7.10 09-Jun-95 5.69
16-Dec-94 7.20 16-Jun-95 5.66
23-Dec-94 7.20 23-Jun-95 5.59
30-Dec-94 7.21 30-Jun-95 5.65
06-Jan-95 7.24 07-Jul-95 5.53
13-Jan-95 7.12 14-Jul-95 5.47
20-Jan-95 7.02 21-Jul-95 5.64
27-Jan-95 6.95 28-Jul-95 5.72
03-Feb-95 6.88 04-Aug-95 5.68
10-Feb-95 6.79 11-Aug-95 5.71
17-Feb-95 6.70 18-Aug-95 5.86
24-Feb-95 6.54 25-Aug-95 5.81
03-Mar-95 6.47 01-Sep-95 5.66
10-Mar-95 6.54 08-Sep-95 5.63
17-Mar-95 6.39 15-Sep-95 5.59
24-Mar-95 6.37 22-Sep-95 5.57
31-Mar-95 6.38 29-Sep-95 5.69
07-Apr-95 6.38 06-Oct-95 5.61
14-Apr-95 6.28 13-Oct-95 5.60
21-Apr-95 6.17 20-Oct-95 5.59
28-Apr-95 6.24 27-Oct-95 5.58
Average 6.20
Source: Wall Street Journal Money Rates