20240821Notice of Affiliate Transaction.pdf

RECEIVED
REDACTED Wednesday, August 21, 2024
IDAHO PUBLIC
UTILITIES COMMISSION
PAC I F I CO R P. Pacific Power Timothy K. Clark
Rocky room"^Paver Assistant General Counsel
1407 W.North Temple,Suite 320
Salt Lake City, UT 84116
801-220-4565 Once
Tim.ClarkCa pacificorp.com
August 21, 2024
VIA ELECTRONIC FILING
Idaho Public Utilities Commission
11331 West Chinden Boulevard
Building 8 Suite 201A
Boise, Idaho 83714-1021
Attention: Commission Secretary
Re: PacifiCorp Notice of Affiliate Transaction—PacifiCorp and Chubb Limited.
Case No. PAC-E-05-8
Pursuant to Commitment I 17(2), incorporated in the Idaho Public Utilities Commission
Order No. 29973,issued February 13,2006,as supplemented by Order No.29998 March 14,2006,
in the above-referenced proceeding, approving the acquisition of PacifiCorp by MidAmerican
Energy Holdings Company (now Berkshire Hathaway Energy Company or "BHE"), PacifiCorp
hereby provides notice of an affiliated interest transaction with Chubb Limited. ("Chubb") for an
Excess Liability Insurance ("Insurance Policy"). The Insurance Policy allows Chubb to provide
excess liability insurance for PacifiCorp.A true copy of the Insurance Policy is included with this
filing as Confidential Attachment A.
PacifiCorp requests confidential treatment for Attachment A. This confidential business
information is of significant commercial value, which could expose the Company to competitive
injury and/or the potential for commercial fraud against the Company if disclosure is unrestricted.
As such,the information has been redacted as it is third-parry proprietary information.
PacifiCorp is a wholly-owned, indirect subsidiary of BHE. In turn, BHE is a subsidiary of
Berkshire Hathaway, Inc. ("Berkshire Hathaway"). On May 15, 2024, Berkshire Hathaway
acquired an interest in excess of five percent of Chubb common stock. Therefore, Berkshire
Hathaway's ownership interest in Chubb may create an affiliated interest in some PacifiCorp
jurisdictions.
Chubb is a provider of insurance worldwide. In August of 2023, BHE acquired insurance
from a number of insurers, including Chubb. These were negotiated as arms-length transactions
and executed prior to Chubb becoming an affiliate at prevailing market prices. PacifiCorp pays
—to Chubb for excess liability insurance for the 2023-2024 timeframe. The purchase of
excess liability insurance from Chubb through this transaction will give PacifiCorp sufficient
insurance coverage to minimize the risk of impairment to its ability to provide electrical services
to customers.

RECEIVED
Wednesday, August 21, 2024
Idaho Public Utilities Commission IDAHO PUBLIC
August 21, 2024 UTILITIES COMMISSION
Page 2
Please do not hesitate to contact me if you have any questions.
Sincerely,
Timothy K. Clark
Assistant General Counsel
PacifiCorp
Enclosure:
Confidential Attachment A.pdf

RECEIVED
Wednesday, August 21, 2024
IDAHO PUBLIC
UTILITIES COMMISSION
CONFIDENTIAL ATTACHMENT A
IS CONFIDENTIAL IN ITS ENTIRETY AND
PROVIDED UNDER SEPARATE COVER