ALJ/GEW/sid DRAFT Agenda ID #3713
Ratesetting
9/2/2004 Item 28
Decision ___________
BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA
In the Matter of the Application of PacifiCorp (U 901-E) and 2677588 Washington LLC for an Order Approving the Sale of PacifiCorp's Interest in the Skookumchuck Dam, Hydroelectric Facilities and Related Assets, and for an EWG Determination. |
Application 04-02-030 (Filed February 27, 2004) |
1. Summary
This order authorizes PacifiCorp to sell and transfer its interest in the Skookumchuck dam in the State of Washington to a subsidiary of TransAlta Corporation (TransAlta). The sole purpose of the Skookumchuck dam is to meet cooling water requirements of the nearby Centralia Steam Electric Generating Plant (Centralia Power Plant), which with Commission approval was purchased four years ago by a subsidiary of TransAlta. The Centralia Power Plant serves customers in the State of Washington. Energy customers of PacifiCorp in California (representing about 2% of PacifiCorp's business) are expected to benefit from the sale in that income from the dam operations is minimal and the application forecasts a $200,000 reduction in California revenue requirements. PacifiCorp will receive its net book value of the assets being transferred, with no appreciable gain or loss.
