IDA » Topics » ITEM 2. PROPERTIES

This excerpt taken from the IDA 10-K filed Mar 7, 2006.

ITEM 2.  PROPERTIES

IPC's generation system includes 17 hydroelectric generation developments located in Idaho and Oregon, two natural gas-fired plants and one diesel-powered generator located in Idaho, and interests in three coal-fired generating plants in Wyoming, Oregon and Nevada.  IPC acquired the second gas-fired plant, Bennett Mountain Power Plant, on March 31, 2005.  The system also includes approximately 4,691 miles of high voltage transmission lines, 24 step-up transmission substations located at power plants, 20 transmission substations, nine transmission switching stations and 219 energized distribution substations (excluding mobile substations and dispatch centers).

IPC holds FERC licenses for 12 of its hydroelectric projects.  These projects and the other generating stations and their capacities are listed below:

 

 

Estimated

 

 

 

 

Non-Coincident

Nameplate

 

 

 

Maximum Operating

Capacity

License

 

Project

Capacity (kW)

(kW)

Expiration

 

Hydroelectric Developments:

 

 

 

 

 

 

Properties subject to federal licenses:

 

 

 

 

 

 

Lower Salmon

70,000

60,000

2034

 

 

 

Bliss

80,000

75,000

2034

 

 

 

Upper Salmon

39,000

34,500

2034

 

 

 

Shoshone Falls

12,500

12,500

2034

 

 

 

CJ Strike

89,000

82,800

2034

 

 

 

Upper Malad - Lower Malad

24,000

21,770

2035

 

 

 

Brownlee-Oxbow-Hells Canyon

1,398,000

1,166,900

2005

(a)

 

 

Swan Falls

25,547

25,000

2010

 

 

 

American Falls

112,420

92,340

2025

 

 

 

Cascade

14,000

12,420

2031

 

 

 

Milner

59,448

59,448

2038

 

 

 

Twin Falls

54,300

52,737

2040

 

 

 

Other Hydroelectric:

 

 

 

 

 

 

Clear Lakes - Thousand Springs

10,400

11,300

 

 

 

 

Total Hydroelectric

 

1,706,715

 

 

 

Steam and Other Generating Plants:

 

 

 

 

 

 

Jim Bridger (coal-fired) (b)

706,667

770,501

 

 

 

 

Valmy (coal-fired) (b)

260,650

283,500

 

 

 

 

Boardman (coal-fired) (b)

58,500

56,050

 

 

 

 

Danskin (gas-fired)(c)

76,000

90,000

 

 

 

 

Salmon (diesel-internal combustion)

5,500

5,000

 

 

 

 

Bennett Mountain (gas-fired)(c)

164,000

172,800

 

 

 

 

 

Total Steam and Other

 

1,377,851

 

 

 

 

 

Total Generation

 

3,084,566

 

 

 

(a)  Licensed on an annual basis while application for new multi-year license is pending.

(b) IPC's ownership interests are 33 percent for Jim Bridger, 50 percent for Valmy and 10 percent for Boardman Amounts shown represent

 

IPC's share.

(c) Maximum operating capacity is based on summer rating at 90 degrees F.

 

See discussion of relicensing in Part II, Item 7 - "MD&A - REGULATORY ISSUES - Relicensing of Hydroelectric Projects."

At December 31, 2005, the composite average ages of the principal parts of IPC's system, based on dollar investment, were production plant, 24 years; transmission system and substations, 23 years; and distribution lines and substations, 19 years.  IPC considers its properties to be well-maintained and in good operating condition.

IPC owns in fee all of its principal plants and other important units of real property, except for portions of certain projects licensed under the Federal Power Act and reservoirs and other easements.  IPC's property is also subject to the lien of its Mortgage and Deed of Trust and the provisions of its project licenses.  In addition, IPC's property is subject to minor defects common to properties of such size and character that do not materially impair the value to, or the use by, IPC of such properties.

Idaho Energy Resources Co. owns a one-third interest in the Bridger Coal Company and coal leases near the Jim Bridger generating plant in Wyoming from which coal is mined and supplied to the plant.

Ida-West holds 50 percent interests in nine operating hydroelectric plants with a total generating capacity of 45 MW.  These plants are located in Idaho and California.

See Note 1 to IDACORP's and IPC's Consolidated Financial Statements for a discussion of the property of IDACORP's consolidated Variable Interest Entities.

This excerpt taken from the IDA 10-K filed Mar 9, 2005.

ITEM 2.  PROPERTIES

IPC's system includes 13 hydroelectric projects made up of 17 generating plants located in southern Idaho and eastern Oregon, one natural gas-fired plant located in southern Idaho and interests in three coal-fired steam electric generating plants.  A second gas-fired plant, Bennett Mountain Power Plant, is currently under construction and due on-line later in 2005.  The system also includes approximately 4,671 miles of high voltage transmission lines, 23 step-up transmission substations located at power plants, 19 transmission substations, seven transmission switching stations and 212 energized distribution substations (excluding mobile substations and dispatch centers).

IPC holds FERC licenses for all 13 of its hydroelectric projects.  These projects and the other generating stations and their capacities are listed below:

 

Estimated

 

 

 

Non-

 

 

 

Coincident

 

 

 

Maximum

Nameplate

 

 

Operating

Capacity

License

Project

Capacity (kW)

(kW)

Expiration

Hydroelectric:

 

 

 

 

 

Properties subject to federal licenses:

 

 

 

 

 

Lower Salmon

70,000

60,000

2034

 

 

Bliss

80,000

75,000

2034

 

 

Upper Salmon

39,000

34,500

2034

 

 

Shoshone Falls

12,500

12,500

2034

 

 

CJ Strike

89,000

82,800

2034

 

 

Upper Malad

9,000

8,270

2004

(a)

 

Lower Malad

15,000

13,500

2004

(a)

 

Brownlee-Oxbow-Hells Canyon

1,398,000

1,166,900

2005

 

 

Swan Falls

25,547

25,000

2010

 

 

American Falls

112,420

92,340

2025

 

 

Cascade

14,000

12,420

2031

 

 

Milner

59,448

59,448

2038

 

 

Twin Falls

54,300

52,737

2040

 

 

Other Hydroelectric

10,400

11,300

 

 

 

Total Hydroelectric

 

1,706,715

 

 

Steam and Other Generating Plants:

 

 

 

 

 

Jim Bridger (coal-fired) (b)

706,667

770,501

 

 

 

Valmy (coal-fired) (b)

260,650

283,500

 

 

 

Boardman (coal-fired) (b)

55,200

56,050

 

 

 

Danskin (gas-fired)

100,000

90,000

 

 

 

Salmon (diesel-internal combustion)

5,500

5,000

 

 

 

Bennett Mountain (gas-fired)(c)

163,980

172,800

 

 

 

 

Total Steam and other

 

1,377,851

 

 

 

 

Total Generation

 

3,084,566

 

 

 

 

 

 

 

 

(a)  Licensed on an annual basis while application for new multi-year license is pending.

(b) IPC's ownership interests are 33 percent for Jim Bridger, 50 percent for Valmy and 10 percent for Boardman.  Amounts

 

shown represent IPC's share only.

(c)  Due on-line later in 2005.

 

See discussion of relicensing in Part II, Item 7 - "MD&A - REGULATORY ISSUES - Relicensing of Hydroelectric Projects."

At December 31, 2004, the composite average ages of the principal parts of IPC's system, based on dollar investment, were production plant, 24 years; transmission system and substations, 22 years; and distribution lines and substations, 18 years.  IPC considers its properties to be well-maintained and in good operating condition.

IPC owns in fee all of its principal plants and other important units of real property, except for portions of certain projects licensed under the Federal Power Act and reservoirs and other easements.  IPC's property is also subject to the lien of its Mortgage and Deed of Trust and the provisions of its project licenses.  In addition, IPC's property is subject to minor defects common to properties of such size and character that do not materially impair the value to, or the use by, IPC of such properties.

Idaho Energy Resources Co. owns a one-third interest in certain coal leases near the Jim Bridger generating plant in Wyoming from which coal is mined and supplied to the plant.

Ida-West holds investments in nine operating hydroelectric plants with a total generating capacity of 45 MW.  These plants are located in Idaho and California.

See Note 1 to IDACORP's Consolidated Financial Statements for a discussion of the property of IDACORP's consolidated Variable Interest Entities.

EXCERPTS ON THIS PAGE:

10-K
Mar 7, 2006
10-K
Mar 9, 2005
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