20240926Notice of Affiliate Transaction (Redacted).pdf

RECEIVED
Thursday, September 26, 2024
IDAHO PUBLIC
UTILITIES COMMISSION
PAC I F I CO R P. Pacific Power Timothy K Clark
Rocky Mouna"Power Assistant General Counsel
1407 W.North Temple,Suite 320
Salt Lake City, UT 84116
801-220-4565 Ofce
September 26,2024 Tim.Clark@,pacificorp.com
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 117(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 Non-Wildfire Insurance and Excess Liability
Insurance(including Wildfire Insurance). These Insurance Policies allow Chubb to provide
excess liability insurance for PacifiCorp. True copies of the Insurance Policies are included with
this filing as Confidential Attachment A.
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. On August 15, 2024, BHE acquired
insurance from a number of insurers,including Chubb. These were otiated as arms-length
ne
transactions at prevailing market prices. PacifiCorp will be paying to Chubb,via
intermediary, for excess liability insurance for the 2024-2025 timeframe. This purchase from
Chubb will give PacifiCorp coverage to minimize the risk of impairment to its ability to provide
electrical services to customers.
PacifiCorp requests confidential treatment for Confidential 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. Additionally, these insurance policies contain information about other

Idaho Public Utilities Commission
September 26, 2024
Page 2
BHE entities that are not PacifiCorp. As such, the information has been redacted as it is third-
party proprietary information.
Please do not hesitate to contact me if you have any questions.
Sincerely,
Timothy K. Clark
Assistant General Counsel
PacifiCoip
Enclosure:
Confidential Attachment A.pdf

CONFIDENTIAL ATTACHMENT A
IS CONFIDENTIAL IN ITS ENTIRETY AND
PROVIDED UNDER SEPARATE COVER