XML 62 R44.htm IDEA: XBRL DOCUMENT v3.19.2
BENEFIT PLANS: Level 4 (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Pension Plan        
Defined Benefit Plan Disclosure        
Service cost $ 8,316,000 $ 9,742,000 $ 17,030,000 $ 19,485,000
Interest cost 10,560,000 9,683,000 21,156,000 19,365,000
Expected return on plan assets (12,187,000) (13,056,000) (24,311,000) (26,111,000)
Amortization of prior service cost 2,000 2,000 3,000 3,000
Amortization of net loss 3,302,000 3,394,000 6,782,000 6,788,000
Net periodic benefit cost 9,993,000 9,765,000 20,660,000 19,530,000
Regulatory deferral of net periodic benefit cost [1] (9,523,000) (9,309,000) (19,690,000) (18,616,000)
IPUC Authorized recovered pension cost [1] 4,289,000 4,289,000 8,577,000 8,577,000
Net periodic benefit cost recognized for financial reporting [1],[2] 4,759,000 4,745,000 9,547,000 9,491,000
Contribution Requirement     0  
Defined Benefit Plan, Contributions by Employer     10,000,000  
Senior Management Security Plan        
Defined Benefit Plan Disclosure        
Service cost (45,000) (79,000) (90,000) (158,000)
Interest cost 1,145,000 1,061,000 2,288,000 2,124,000
Expected return on plan assets 0 0    
Amortization of prior service cost 24,000 25,000 48,000 49,000
Amortization of net loss 633,000 947,000 1,266,000 1,894,000
Net periodic benefit cost 1,757,000 1,954,000 3,512,000 3,909,000
Net periodic benefit cost recognized for financial reporting [2] 1,757,000 1,954,000 3,512,000 3,909,000
Postretirement Benefits Plan        
Defined Benefit Plan Disclosure        
Service cost 196,000 242,000 427,000 526,000
Interest cost 762,000 656,000 1,494,000 1,322,000
Expected return on plan assets (557,000) (605,000) (1,110,000) (1,234,000)
Amortization of prior service cost 12,000 12,000 24,000 24,000
Amortization of net loss 0 0 0 0
Net periodic benefit cost 413,000 305,000 835,000 638,000
Net periodic benefit cost recognized for financial reporting 413,000 305,000 835,000 638,000
Retirement Plan Total        
Defined Benefit Plan Disclosure        
Service cost 8,467,000 9,905,000 17,367,000 19,853,000
Interest cost 12,467,000 11,400,000 24,938,000 22,811,000
Expected return on plan assets (12,744,000) (13,661,000) (25,421,000) (27,345,000)
Amortization of prior service cost 38,000 39,000 75,000 76,000
Amortization of net loss 3,935,000 4,341,000 8,048,000 8,682,000
Net periodic benefit cost 12,163,000 12,024,000 25,007,000 24,077,000
Regulatory deferral of net periodic benefit cost [1] (9,523,000) (9,309,000) (19,690,000) (18,616,000)
IPUC Authorized recovered pension cost [1] 4,289,000 4,289,000 8,577,000 8,577,000
Net periodic benefit cost recognized for financial reporting [1],[2] 6,929,000 7,004,000 13,894,000 14,038,000
Net Periodic Benefit cost recognize in Other operations and maintenance 4,200,000 4,100,000 8,400,000 8,200,000
Net Periodic Benefit cost recognized in other expense, net $ 2,700,000 $ 2,900,000 $ 5,500,000 $ 5,800,000
[1] Net periodic benefit costs for the pension plan are recognized for financial reporting based upon the authorization of each regulatory jurisdiction in which Idaho Power operates. Under IPUC order, the Idaho portion of net periodic benefit cost is recorded as a regulatory asset and is recognized in the income statement as those costs are recovered through rates.
[2] Of total net periodic benefit cost recognized for financial reporting, $4.2 million and $4.1 million, respectively, were recognized in "Other operations and maintenance" and $2.7 million and $2.9 million, respectively, were recognized in "Other expense, net" on the condensed consolidated statements of income of the companies for the three months ended June 30, 2019 and 2018.