UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM U-3A-2
STATEMENT BY HOLDING COMPANY CLAIMING EXEMPTION UNDER RULE U-3A-2
FROM THE PROVISIONS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
To Be Filed Annually Prior to March 1
IDACORP, Inc.
(Name of Company)
HEREBY FILES WITH THE SECURITIES AND EXCHANGE COMMISSION, PURSUANT TO
RULE 2, ITS STATEMENT CLAIMING EXEMPTION AS A HOLDING COMPANY FROM THE
PROVISIONS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935, AND
SUBMITS THE FOLLOWING INFORMATION:
1. NAME, STATE OF ORGANIZATION, LOCATION AND NATURE OF BUSINESS OF
CLAIMANT AND EVERY SUBSIDIARY THEREOF, OTHER THAN ANY EXEMPT
WHOLESALE GENERATOR (EWG) OR FOREIGN UTILITY COMPANY IN WHICH
CLAIMANT DIRECTLY OR INDIRECTLY HOLDS AN INTEREST, AS OF DECEMBER 31,
1998.
Name/ Location and
(State of Organization) Nature of Business
Claimant
IDACORP, Inc. Principal Executive Office
(Idaho) located at 1221 W Idaho Street
Boise, Idaho 83702-5627
Holding Company
Subsidiaries of IDACORP, Inc.
Idaho Power Company Boise, Idaho
(Idaho) Electric Utility
Ida-West Energy Company Boise, Idaho
(Idaho) Electrical Generation
IDACORP Energy Solutions Co. Boise, Idaho
(Nevada) Marketing Company
IDACORP Energy Services Co. Boise, Idaho
(Nevada) Marketing Company
Subsidiaries of Idaho Power Company
IDACORP Financial Services, Inc. Boise, Idaho
(Idaho) Non Utility Investments
Applied Power Corporation Lacey, Washington
(Washington) Solar Energy Business
Idaho Energy Resources Co. Boise, Idaho
(Wyoming) Coal Mining
Stellar Dynamics, Inc. Boise, Idaho
(Idaho) Control and Monitoring Technologies
Idaho Power Diversified Enterprises Co. Boise, Idaho
(Idaho) Marketing Company
Pathnet/Idaho Power Equipment, LLC Boise, Idaho
(Idaho) Microwave Communications
Idaho Power Resources Corporation Boise, Idaho
(Idaho) Renewable Energy Resources
Subsidiaries of Ida-West Energy Company
Hermiston Power Company Boise, Idaho
(Oregon) Electrical Generation
Ida-West Acquisition Company Boise, Idaho
(Idaho) Electrical Generation
Y-8 Power Company Boise, Idaho
(Idaho) Electrical Generation
Falls River Hydro Company Boise, Idaho
(Idaho) Electrical Generation
South Forks Hydro Company Boise, Idaho
(Idaho) Electrical Generation
Hazelton Power Company Boise, Idaho
(Idaho) Electrical Generation
Ida-West Operating Services, Inc. Boise, Idaho
(Idaho) Electrical Generation
Wilson Power Company Boise, Idaho
(Idaho) Electrical Generation
I W Land Company Boise, Idaho
(Idaho) Land Development for Electrical
Generation
Subsidiaries of IDACORP Energy Solutions Co.
IDACORP Retail Enterprises Co. Boise Idaho
(Idaho) Retail Marketing
Subsidiaries of IDACORP Energy Services Co.
IDACORP Energy Solutions LP Boise Idaho
(Delaware) Energy Trading
2. A BRIEF DESCRIPTION OF THE PROPERTIES OF CLAIMANT AND EACH OF ITS
SUBSIDIARY PUBLIC UTILITY COMPANIES USED FOR THE GENERATION,
TRANSMISSION, AND DISTRIBUTION OF ELECTRIC ENERGY FOR SALE, OR
FOR THE PRODUCTION, TRANSMISSION, AND DISTRIBUTION OF NATURAL OR
MANUFACTURED GAS, INDICATING THE LOCATION OF PRINCIPAL GENERATING
PLANTS, TRANSMISSION LINES, PRODUCING FIELDS, GAS MANUFACTURING
PLANTS, AND ELECTRIC AND GAS DISTRIBUTION FACILITIES, INCLUDING ALL
SUCH PROPERTIES WHICH ARE OUTSIDE THE STATE IN WHICH CLAIMANT AND
ITS SUBSIDIARIES ARE ORGANIZED AND ALL TRANSMISSION OR PIPELINES
WHICH DELIVER OR RECEIVE ELECTRIC ENERGY OR GAS AT THE BORDERS OF
SUCH STATE.
IDACORP, Inc. (Company) owns no property used in the generation,
transmission, or distribution of electricity or for the
production, transmission and distribution of natural or
manufactured gas.
Idaho Power Company ("IPC") is an electric public utility engaged
in the generation, purchase, transmission, distribution and sale
of electric energy in an approximately 20,000-square-mile area in
southern Idaho, eastern Oregon and northern Nevada, with an
estimated population of 780,000. IPC is the only public utility
subsidiary of IDACORP, Inc. that owns properties used in the
generation, transmission or distribution of electric energy. IPC
holds franchises in approximately 70 cities in Idaho and ten
cities in Oregon, and holds certificates from the respective
public utility regulatory authorities to serve all or a portion
of 28 counties in Idaho, three counties in Oregon and one county
in Nevada. As of December 31, 1998, IPC supplied electric energy
to approximately 374,000 retail customers and employed 1,669
people.
IPC's system includes 15 hydroelectric generating plants located
in southern Idaho and two located in eastern Oregon (see
Company's annual form 10-K file number 1-3198 for more
information). IPC also owns interest in three thermal generating
plants located in Wyoming, Oregon and Nevada.
IPC owns approximately 4,644 miles of high voltage transmission
lines; 21 step-up transmission substations located at power
plants; 17 transmission substations; 7 transmission switching
stations; and 205 energized distribution substations. These
facilities are located in Idaho, Oregon, Wyoming, Nevada and
Montana.
IPC's generating facilities are interconnected through its
integrated transmission system and are operated on a coordinated
basis to achieve maximum load-carrying capability and
reliability. The transmission system is directly interconnected
with the transmission systems of the Bonneville Power
Administration (BPA), The Washington Water Power Company,
PacifiCorp, The Montana Power Company and Sierra Pacific Power
Company (SPPCo).
3. THE FOLLOWING INFORMATION FOR THE LATEST CALENDAR YEAR (1998)
WITH RESPECT TO CLAIMANT AND EACH OF ITS SUBSIDIARY PUBLIC UTILITY
COMPANIES:
(A) NUMBER OF KWH OF ELECTRIC ENERGY SOLD (AT RETAIL OR
WHOLESALE), AND MCF. OF NATURAL OR MANUFACTURED GAS
DISTRIBUTED AT RETAIL.
(B) NUMBER OF KWH OF ELECTRIC ENERGY AND MCF. OF NATURAL OR
MANUFACTURED GAS DISTRIBUTED AT RETAIL OUTSIDE THE STATE IN WHICH
EACH SUCH COMPANY IS ORGANIZED.
(C) NUMBER OF KWH OF ELECTRIC ENERGY AND MCF. OF NATURAL OR
MANUFACTURED GAS SOLD AT WHOLESALE OUTSIDE THE STATE IN WHICH
EACH SUCH COMPANY IS ORGANIZED, OR AT THE STATE LINE.
(D) NUMBER OF KWH OF ELECTRIC ENERGY AND MCF. OF NATURAL OR
MANUFACTURED GAS PURCHASED OUTSIDE THE STATE IN WHICH EACH
SUCH COMPANY IS ORGANIZED OR AT THE STATE LINE.
Claimant: None
Idaho Power Company:
MWH DOLLARS
Retail Wholesale Retail Wholesale
(thousands of MWH) (thousands of Dollars)
(a) Number of MWH of
electricity
energy sold:
Idaho 12,689 4,541 484,205 101,203
Oregon 595 13,216 24,267 298,462
Nevada 50 777 1,809 21,907
California 34 4 1,099 114
Arizona 3,850 124,806
New Mexico 1,036 23,405
Utah 298 7,013
Washington 116 2,086
Other 41 989
(b) Number of MWH of
electric energy
distributed at 679 (see (a) above)
retail outside
the state
(c) Number of MWH of
electric energy
sold at wholesale 19,338 (see (a) above)
outside the state
or at the state line
(d) Number of MWH of
electric energy MWH Purchases Dollars Purchased
purchased outside (thousands of MWH) (thousands of Dollars)
the state or at
the state line:
Idaho 2,139 $ 75,617
Oregon 12,191 283,441
Nevada 390 10,570
California 65 2,226
Arizona 4,031 127,408
New Mexico 850 24,955
Utah 531 12,021
Washington 37 872
Other 142 3,090
GAS MCF DOLLARS
Retail Wholesale Retail Wholesale
(thousands of MCF) (thousands of Dollars)
(a) Number of MCF of
gas sold:
Idaho 150 293
Louisiana 100,068 217,289
Canada 310 26,239 602 33,087
Ohio 8,668 19,455
California 2,917 2,240 8,641 2,615
Wyoming 507 3,047 1,047 5,686
New Mexico 2,986 5,825
Texas 1,455 3,248
Alabama 1,248 2,596
Other 353 6,791 767 15,412
(b) Number of MCF of
gas distributed 4,087 (see (a) above)
at retail outside
the state
(c) Number of MCF of
gas sold at
wholesale outside 152,742 (see (a) above)
the state or at
the state line
(d) Number of MCF of
gas purchased MCF Purchases Dollars Purchased
outside the state (thousands of MCF) (thousands of Dollars)
or at the state
line:
Louisiana 100,977 $ 217,365
Canada 27,404 34,872
Ohio 9,226 20,829
California 5,275 11,196
Wyoming 4,035 7,572
New Mexico 2,981 5,916
Texas 1,454 3,119
Alabama 1,318 2,716
Other 4,321 10,052
4. THE FOLLOWING INFORMATION FOR THE REPORTING PERIOD WITH RESPECT
TO CLAIMANT AND EACH INTEREST IT HOLDS DIRECTLY OR INDIRECTLY IN
AN EWG OR A FOREIGN UTILITY COMPANY, STATING MONETARY AMOUNTS IN
UNITED STATES DOLLARS:
(A) NAME, LOCATION, BUSINESS ADDRESS AND DESCRIPTION OF THE
FACILITIES USED BY THE EWG OR FOREIGN UTILITY COMPANY
FOR THE GENERATION, TRANSMISSION AND DISTRICUTION OF ELECTRIC
ENERGY FOR SALE OR FOR THE DISTRIBUTION AT RETAIL OF NATURAL OR
MANUFACTURED GAS.
(B) NAME OF EACH SYSTEM COMPANY THAT HOLDS AN INTEREST IN SUCH
EWG OR FOREIGN UTILITY COMPANY, AND DESCRIPTION OF THE INTEREST HELD.
(C) TYPE AND AMOUNT OF CAPITAL INVESTED, DIRECTLY OR INDIRECTLY,
BY THE HOLDING COMPANY CLAIMING EXEMPTION; ANY DIRECT OR
INDIRECT GUARANTEE OF THE SECURITY OF THE EWG OR FOREIGN
UTILITY COMPANY BY THE HOLDING COMPANY CLAIMING EXEMPTION; AND ANY
DEBT OR OTHER FINANCIAL OBLIGATION FOR WHICH THERE IS
RECOURSE, DIRECTLY OR INDIRECTLY, TO THE HOLDING COMPANY
CLAIMING EXEMPTION OR ANOTHER SYSTEM COMPANY, OTHER THAN THE EWG OR
FOREIGN UTILITY COMPANY.
(D) CAPITALIZATION AND EARNINGS OF THE EWG OR FOREIGN UTILITY
COMPANY DURING THE REPORTING PERIOD.
(E) IDENTIFY ANY SERVICE, SALES OR CONSTRUCTION CONTRACT(S)
BETWEEN THE EWG OR FOREIGN UTILITY COMPANY AND A SYSTEM
COMPANY, AND DESCRIBE THE SERVICES TO BE RENDERED OR GOODS
SOLD AND FEES OR REVENUES UNDER SUCH AGREEMENT(S).
None
EXHIBIT A
FINANCIAL STATEMENTS
Exhibit
Number Description of Exhibit
99.(A) Consolidating statements of income and retained earnings for
the calendar year 1998 together with the consolidating balance
sheets as of December 31, 1998 for IDACORP, Inc. and its first-tier
subsidiaries, Idaho Power Company, Ida-West Energy Company and
IDACORP Energy Solutions Co.
Pre-tax non-utility income of Idaho Power Company subsidiaries is
included in Other Income on the Income Statement.
The Company is requesting confidentiality for the financial
statements ended December 31, 1998 of this U-3A-2 filing. This
request is being made pursuant to Section 22b of the Public Utility
Holding Company Act of 1935 and Rule 104 thereunder.
EXHIBIT B
FINANCIAL DATA SCHEDULE
Exhibit No.
27 Financial Data Schedule for IDACORP, Inc.
EXHIBIT C
ORGANIZATIONAL CHART SHOWING RELATIONSHIP OF EACH EWG OR FOREIGN
UTILITY
None.
SIGNATURES
The above-named claimant has caused this statement to be duly executed
on its behalf by its authorized officer on the 1st day of April, 1999.
IDACORP, Inc.
By: /s/ J. LaMont Keen
J. LaMont Keen
Senior Vice President
Administration and
Chief Financial Officer
(Corporate Seal)
Attest:
By /s/ Robert W. Stahman
Robert W. Stahman
Vice President, General
Counsel and Secretary
Name, title and address of officer to whom notices and correspondence
concerning this statement should be addressed:
J. LaMont Keen
Senior Vice President
Administration and
Chief Financial Officer
P.O. Box 70
Boise, Idaho 83707
(208) 388-2640
EXHIBIT INDEX
Description of Exhibits
Exhibit
Number
27 Financial Data Schedule for IDACORP, INC.
99.(A) Consolidating statements of income and retained earnings for
the calendar year 1998 together with the consolidating balance
sheets as of December 31, 1998 for IDACORP, Inc. and its first-tier
subsidiaries, Idaho Power Company, Ida-West Energy Company and
IDACORP Energy Solutions Co.
Pre-tax non-utility income of Idaho Power Company subsidiaries is
included in Other Income on the Income Statement.
The Company is requesting confidentiality for the financial
statements ended December 31, 1998 of this U-3A-2 filing. This
request is being made pursuant to Section 22b of the Public Utility
Holding Company Act of 1935 and Rule 104 thereunder.
<TABLE> <S> <C>
<ARTICLE> OPUR3
<CIK> 0001057877
<NAME> IDACORP, INC.
<MULTIPLIER> 1,000
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 2,451,620
<TOTAL-OPERATING-REVENUES> 1,121,976
<NET-INCOME> 89,176
</TABLE>
