20240912IPC 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: [e-mail]
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: [e-mail]
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: [e-mail]
Response to Staff Request No. 114 - Attachment 1