-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, nOFoN/MfpuaTrSY2XsTzcPW/ekpJ2l5641vN+/PBteoKzLk27Vrwy4bDGRGbUCuE n1V3J16PoOB3ZB5D+gwLLw== 0000049648-94-000026.txt : 19940713 0000049648-94-000026.hdr.sgml : 19940713 ACCESSION NUMBER: 0000049648-94-000026 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19940711 ITEM INFORMATION: Other events FILED AS OF DATE: 19940712 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDAHO POWER CO CENTRAL INDEX KEY: 0000049648 STANDARD INDUSTRIAL CLASSIFICATION: 4911 IRS NUMBER: 820130980 STATE OF INCORPORATION: ID FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03198 FILM NUMBER: 94538528 BUSINESS ADDRESS: STREET 1: 1221 W IDAHO ST STREET 2: PO BOX 70 CITY: BOISE STATE: ID ZIP: 83707 BUSINESS PHONE: 2083832200 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report July 11, 1994 (Date of earliest event reported) --------------------------- IDAHO POWER COMPANY (Exact name of registrant as specified in charter) Idaho 1-3198 82-0130980 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 1221 W Idaho Street Boise, Idaho 83702-5627 (Address of principal executive offices) (Zip Code) Registrant's telephone number, (208) 383-2200 _____________________________________________________ Former name or address, if changed since last report. Idaho Power Company Form 8-K Items 1 through 4 and Items 6 and 7 are inapplicable and have been omitted herefrom. Item 5. Other Events (1) On June 30, 1994, the Company filed a general rate increase request with the Idaho Public Utilities Commission (IPUC) applicable to retail customers in Idaho. The application requests an increase in annual revenues for jurisdictional sales and service of approximately $37.05 million, or 9.09 percent. The test year filed was calendar year 1993, adjusted to reflect 1994 known and measurable items. The overall rate of return requested was 9.88 percent which incorporated a 12.50 percent rate of return on common equity. The Company's rate base and operating expenses were also adjusted to include a $132 million (9.7 percent) net increase in the Company's investment in facilities and equipment since 1984 needed to provide electricity to its Idaho customers. Such items include power plants, power lines, substations and buildings. Of this growth, $99.8 million is attributable to the Milner Power Plant ($47.5 million) and the Swan Falls Power Plant ($52.3 million). The Company's last general rate filing in Idaho was based on a 1984 adjusted test year. Changes to other costs and data attributed to Idaho reflected in this filing include a 17.8 percent increase in customers, along with an annual operating expense increase of $57 million or 19.4 percent. Annual sales have increased over two million megawatt-hours or 22 percent. Streamflow and meteorological history used for normalizing power supply costs includes more recent water years. Capital expenditures for system- wide conservation and demand side management programs exceed $20 million. This filing changes the base components included in the Power Cost Adjustment mechanism (PCA) and requests that the PCA be implemented at a 90 percent level - up from the current 60 percent threshold. In anticipation that the IPUC will suspend the request for a permanent rate increase the customary practice to allow for public hearing the Company has asked the IPUC to grant a portion of the increase on an interim basis. The interim request for an $11.5 million increase in annual revenues, or a 2.83 percent uniform rate increase effective August 1, would enable the Company to begin recovery of its investment in the expansion of the Swan Falls Power Plant and construction of the new Milner Power Plant. This interim request is a portion of the proposed permanent rate increase. Both increases the permanent and the interim request are subject to a decision by the IPUC. The Company is unable to predict the outcome of this proceeding. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly author ized. IDAHO POWER COMPANY By: /s/ J LaMont Keen J LaMont Keen Vice President and Chief Financial Officer Dated: July 8, 1994 -----END PRIVACY-ENHANCED MESSAGE-----