20230828IPC to Staff 216 Attachment 3 (part 3).pdf

RE: IDACORP, Inc.
Directors & Officers Policy Number: 294608-20DO

Dear Jennifer,

Enclosed, please find EIM's binding confirmation for the above member. You will also find EIM's
invoice that reflects the total amount due of $331,360.00.
April 21, 2020
Marsh Risk & Insurance Services
345 California Street, Suite 1300
San Francisco, CA 94104
Jennifer A. Spencer
3000 Bayport Drive
Suite 550
Tampa, Florida 33607-8418
Phone: [phone]
Fax: [phone]
Payment may be made via ACH or wire transfer. Please use the following wiring instructions to
transfer funds to EIM:
ABA #: 063100277 (ACH) or 026009593 (Wire)
Bank: Bank of America - Tampa, Florida
Account #: 898052431444
Ref: Policy or invoice #

Payment should be made on or before May 21, 2020.

If you have any questions, please contact me.

Sincerely,

Jeanne Allen
Assistant Underwriter
ISSUE DATE INVOICE NUMBER DUE DATE
04/21/20 0000036288 05/21/20
3000 Bayport Drive
Suite 550
Tampa, Florida 33607-8418
[phone] - Fax: [phone]
MEMBER Insured
IDACORP, Inc.
1221 W. Idaho Street
Boise, ID 83702
POLICY
NUMBER
EXPIRATION
DATE
EFFECTIVE
DATE AMOUNT DESCRIPTION
04/21/20 04/21/21 294608-20DO Renewal Premium 331,360.00 $
TOTAL DUE
$ 331,360.00
JSA 042120

Rev. 05/26/15 Page 1 of 3

3000 Bayport Drive Suite 550
Tampa. Florida 33607-8418
[phone] Fax: [phone]
BINDER OF INSURANCE
FOLLOWING FORM EXCESS
DIRECTORS & OFFICERS INDEMNITY POLICY

This Binder is evidence that Energy Insurance Mutual Limited has bound coverage described hereafter in
accordance with your instructions and applications for insurance on file. The binder is subject to the
terms, conditions and limitations of the policy in current use by EIM and any special conditions specified
by this binder.
This binder may be cancelled by the Member Insured and EIM in accordance with the cancellation
provisions of the policy in current use and is automatically cancelled when the policy is issued.

Member Insured: IDACORP, Inc.
1221 W. Idaho Street
Boise, ID 83702
Policy Number: 294608-20DO
Policy Period: April 21, 2020 until April 21, 2021, both days at 12:01 A.M.
Standard Time.
Limits of Liability: $50,000,000 per Wrongful Act, subject to a
$50,000,000 Annual Aggregate for all Wrongful Acts.
Attachment Point: $35,000,000 for all Wrongful Acts.
** Excess of Underlying
Premium: $331,360.00 for the policy period.
Retroactive Date: Not Applicable
Endorsements:
No. 01 Policies Followed
No. 02 Punitive Damages - Amendment to Condition B
No. 03 Revised Policy Amendments
No. 04 Terrorism - Combined 2015

The above listed Premium is due on or before May 21, 2020.

Rev. 05/26/15 Page 2 of 3

This Binder is valid for 45 days, and is subject to the following:
EIM will agree to follow form AEGIS' Binder letter dated April 20, 2020, including only endorsement
numbers: 1, 4 (only to the extent it affects the EIM Attachment Point), 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15,
16, 17, 18, 19 (except New York law applies for any coverages not contained in this endorsement), 20,
21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 48, and 49.
EIM will not follow endorsement numbers: 2, 3, 46, and 47.
With respect to underlying sub limits, EIM only follows form to the extent it affects the EIM attachment
point.
Policy will be issued on Following Form Excess Directors & Officers Indemnity Policy form Rev. 11/01/15
(see www.eimltd.com for specimen) and will also include the same EIM expiring endorsements as stated
above.
Your current policy provides coverage for terrorism risks. You should know that any losses resulting from
"certified acts of terrorism", as defined in the "Terrorism Risk Insurance Program Reauthorization Act of
2015" (the "Act"), would be covered and may be partially reimbursed by the United States government
under a formula established by federal law. Under the formula, the United States government generally
reimburses 85% of covered terrorism losses exceeding the statutorily established deductible paid by the
insurance company providing the coverage. Beginning on January 1, 2016, the federal share of
compensation will decrease by 1 percentage point per calendar year until equal to 80%. Therefore,
coverage for losses resulting from certified acts of terrorism can be included under the policy in
accordance with the Act and the Terms and Conditions of the policy.
The Act contains a $100 billion cap that limits United States government reimbursement as well as
insurers' liability for losses resulting from certified acts of terrorism when the amount of such losses
exceeds $100 billion in any one calendar year. If the aggregate insured losses for all insurers exceed
$100 billion, your coverage may be reduced.
The portion for your annual premium that is attributable to coverage for certified acts of terrorism is
$6,430.00.
Notwithstanding the offer of coverage provided, we retain the right to modify coverage for terrorism,
without consideration, if the Federal Act is not extended or renewed at expiration or if legislation is
enacted by the U.S Federal government that would in any way affect the coverage provided by the
Company for terrorism losses.

This policy includes $0.00 commission.

Subjectivities: This Binder is contingent upon the receipt of the premium payment due on or
before 05/21/20.

Rev. 05/26/15 Page 3 of 3

This contract is registered and delivered as a surplus lines coverage under the Surplus Lines
Insurance Law, and it may in some respects be different from contracts issued by insurers in the
admitted market, and, accordingly it may, depending upon the circumstances, be more or less
favorable to an insured than a contract from an admitted carrier might be.

The surplus lines broker responsible for placing this coverage is:

Jennifer A. Spencer
Marsh Risk & Insurance Services
License #: 312512 for ID
345 California Street, Suite 1300
San Francisco, CA 94104

Signed:
Vitaly Pisetsky
Underwriting Manager-Executive Liability
April 21, 2020

Paula Rankin, RPLU
Assistant Vice PresidentMarsh1301 5th Ave., Suite #1900Seattle, WA 98101Ph 206-214-3112Fx 206-214-3488
email: [e-mail]
RE: IDACORP, Inc.
General Liability Policy Number: 254689-20GL

-8418
-2117
-2523

ABA #: 063100277 (ACH) or 026009593 (Wire)
Bank: Bank of America - Tampa, Florida
Account #: 898052431444
Ref: Policy or invoice #

ISSUE DATE INVOICE NUMBER DUE DATE
07/14/20 0000036564 08/07/20
INVOICE
3000 Bayport Drive
Suite 550
-8418
-2117 - Fax: [phone]
MEMBER Insured

POLICY
NUMBER
EXPIRATION
DATE
EFFECTIVE
DATE AMOUNT DESCRIPTION
TOTAL DUE
$ 589,259.00
To:Eidam, Kurt[[e-mail]]; Calhoun, Anita[[e-mail]]
Cc:Schladensky, Teresa[[e-mail]]; Pleimann, Jeff[[e-mail]]; Sanford, Melody[[e-mail]]
From:Sloan, Aubrae
Sent:Tue 8/17/2021 11:09:17 AM
Importance:NormalSubject:RE: AEGIS Credit Received at IDA
Kurt-

Please go ahead and code the payment received to S20 X00020 999 234020 at IDA. Then when I do the monthly intercompany cash transfer next month, it will get 
picked up for reimbursement to IPC.

Thanks,

Aubrae Sloan, CPA, CMA

From: Eidam, Kurt <[e-mail]> 
Sent: Tuesday, August 17, 2021 12:04 PM
To: Calhoun, Anita <[e-mail]>
Cc: Schladensky, Teresa <[e-mail]>; Pleimann, Jeff <[e-mail]>; Sloan, Aubrae <[e-mail]>; Sanford, 
Melody <[e-mail]>
Subject: RE: AEGIS Credit Received at IDA

So are you wanting to transfer the fund from IDA to IPC? If so, we will need a signed EFT request in order to make the transfer.

From: Calhoun, Anita <[e-mail]> 
Sent: Tuesday, August 17, 2021 11:26 AM
To: Eidam, Kurt <[e-mail]>
Cc: Schladensky, Teresa <[e-mail]>; Pleimann, Jeff <[e-mail]>; Sloan, Aubrae <[e-mail]>
Subject: RE: AEGIS Credit Received at IDA

Good Morning, 

I was able to run this by Aubrae and she agrees it should hit the 925000 (similar to EIM).   Historically, I found one refund recorded, as well (from a different vendor).  
The only difference was the ABM used which was X00001.  The rest of the accounting followed the Transmittal Jeff already prepared for IPC (Account 925000, Cost 
Center 743, DCE 567.)

Kurt:  You’d mentioned we could receive the check into IDA and then wire the funds back to IPC.   I’m not sure if you already had some accounting in mind for that, 
but if not, I’m thinking it would look something like this:    

Let me know if you have any questions or concerns.   Thank you.

From: Pleimann, Jeff <[e-mail]> 
Sent: Monday, August 16, 2021 8:06 AM
To: Calhoun, Anita <[e-mail]>; Sloan, Aubrae <[e-mail]>
Cc: Eidam, Kurt <[e-mail]>; Schladensky, Teresa <[e-mail]>
Subject: RE: AEGIS Credit Received at IDA

Anita,

For the record, I did confirm that this is the first year we received this loyalty credit.  It takes four lines of insurance to quality, and we only had 3 until we added the 
Cyber in 2020.   

Let me know if any questions.

Jeff Pleimann
INSURANCE & RISK ADMINISTRATOR
Idaho Power | Risk Management | 208-388-5640

From: Calhoun, Anita <[e-mail]> 
Sent: Friday, August 13, 2021 3:27 PM
To: Sloan, Aubrae <[e-mail]>
Cc: Eidam, Kurt <[e-mail]>; Pleimann, Jeff <[e-mail]>; Schladensky, Teresa <[e-mail]>
Subject: AEGIS Credit Received at IDA

Hi Aubrae,

Treasury received a Loyalty Credit from AEGIS made out to IDACORP that they are wanting to process.  

Jeff Believes this probably belongs at IPC in account 925000  (Account 925000, DCE 567, CC 743), but is uncertain.   He also believes these credits have been occurring 
annually, but in researching the 925000 for his Cost Center, I was unable to find any such credit. 

Are you, by chance, familiar with this?  

If we can verify it belongs at IPC, are we good to bring the payment into IDACORP as a credit payable to IPC and debit to cash?  Then transfer it to IPC through a 
417300/417420 entry or should we simply have Treasury transfer forward through a wire?

Kurt said they could hold the entries a few days while we figure out where it belongs.

Thank you.

Anita Calhoun
ACCOUNTANT II
Idaho Power, Financial Accounting

208-388-2783

[e-mail]