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HomeMy WebLinkAbout20240912IPC to Staff 114 - Attachment 1.pdf Factory Mutual Insurance Company 601 – 108th Avenue NE, Suite 1400 Bellevue, WA 98004 USA T: 425-709-5089 E-Mail: laverne.lester@fmglobal.com Idaho State law requires the following to appear on this form: ANY PERSON WHO KNOWINGLY, AND WITH INTENT TO DEFRAUD OR DECEIVE ANY INSURANCE COMPANY, FILES A STATEMENT OF CLAIM CONTAINING ANY FALSE, INCOMPLETE, OR MISLEADING INFORMATON IS GUILTY OF A FELONY. March 20, 2024 Mr. Jeff Pleimann – Insurance Program Manager Idaho Power Company Email: JPleimann@idahopower.com Re: Electrical Breakdown – August 15, 2022 IDACORP, Inc. “Midpoint Substation” 508 & 482 East 750 North Jerome, Idaho Account No: 04778 Adjustment File: 812947 Dear Mr. Pleimann: This confirms that we are processing a final payment for Property Damage in the net amount of: $3,457,524: ($5,957,524 Gross - $2,500,000 Deductible) We thank you for your assistance with this matter. In the interim, if you should have any questions, please do not hesitate to contact us. Sincerely, Laverne Lester, General Adjuster Factory Mutual Insurance Company – Seattle Branch cc: Mr. Mark Walters Marsh USA Email: Mark.Walters@Marsh.com Response to Staff Request No. 114 - Attachment 1