HomeMy WebLinkAbout20120508Compliance Filing.pdfIDAHO
RECEIVED An IDACORP Company
2OI2 MAY -8 AM 8:28
UTILITIES DAHC p.u:
May 4, 2012
COMM.1SSlO:
Ms. Jean D. Jewell Idaho Public Utilities Commission
P.O. Box 73720
Boise, ID 83720-0074
Dear Ms. Jewell:
We are submitting the following information in compliance with the Commission's Order No.
31053 in connection with the sale of $75,000,000 principal amount of 2.95% First Mortgage
Bonds, Secured Medium-Term Notes, Series I, due April 1, 2022 (the "2022 MTNs") and
$75,000,000 principal amount of 4.30% First Mortgage Bonds, Secured Medium-Term Notes,
Series I, due April 1, 2042 (the "2042 MTNs").
The 2022 MTNs and 2042 MTNs were issued by Idaho Power Company on April 13, 2012 and
were on that date offered for sale to the public. Underwriters for this issuance were JP Morgan
Securities LLC; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Wells Fargo Securities,
LLC; Mitsubishi UFJ Securities (USA), Inc.; KeyBanc Capital Markets Inc.; RBC Capital
Markets, LLC; and U.S. Bancorp Investments, Inc.
1) Receipt and disposition of proceeds:
Accounting for receipt and disposition of proceeds from the sale of the above described bonds is
certified to be as follows:
Proceeds from the sale of $75,000,000 2.95% First
Mortgage Bonds, Secured Medium-Term Notes
Series I authorized by Order No. 31053.......................
Proceeds from the sale of $100,000,000 4.30% First
Mortgage Bonds, Secured Medium-Term Notes
Series I authorized by Order No. 31053.....................
$ 74,871,750
74.950.500
Total proceeds received................................................
$ 149,822,250
P.O. Box 70 (83707)
1221 W. Idaho St.
Boise, ID 83702
Ms. Jewell Page 2 of 2 May 4, 2012
Proceeds used for payment of agents fees....................1,031,250
Proceeds will be used to redeem $100,000,000 4.75%
First Mortgage Bonds on May 16, 2012.
Remaining proceeds will be used to fund a portion of
IPC's capital requirements ...........................................148,791,000
Total use of proceeds....................................................149,822,250
Balance...................................................
2) Rates:
The coupon rate for the 2022 MTNs was set at 2.95 percent.
The coupon rate for 2042 MTNs was set at 4.30 percent.
Sincerely,
Dane! T. Anderson
President and Chief Financial Officer