20130308PAC to Monsanto 10-035-124 DPU 57.11.docx

DPUData Request 57.11Since the previous hedging program allowed for hedging transactions up to 48 months in advance, please calculate the hedging market volatility as presented in figure 20 and 21 using the previous 48 months. (Sept 2008 – Sept 2012)
Response to DPUData Request 57.11The Company notes that the DPU is referencing Confidential Figure 20 and Confidential Figure 21 of the Semi-Annual Hedging Report, filed with the Public Service Commission of Utah on November 1, 2012.Please refer to Confidential Attachment DPU 57.11, which provides updated Confidential Figures 20 and 21 reflecting the period September 2008 to September 2012.Confidential information is provided subject to Utah PSC Rule 746-100-16.