HomeMy WebLinkAbout20130509Compliance Filing.pdfION HO
R E CE P L PIVER®
An IDACORP Company
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UTtLWES COMMsSHDN
May 8, 2013
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 2.50% First Mortgage
Bonds, Secured Medium-Term Notes, Series I, due April 1, 2023 (the "2023 MTNs") and
$75,000,000 principal amount of 4.00% First Mortgage Bonds, Secured Medium-Term Notes,
Series I, due April 1, 2043 (the "2043 MTNs").
The 2023 MTNs and 2043 MTNs were issued by Idaho Power Company on April 8, 2013 and
were on that date offered for sale to the public. Underwriters for this issuance were Wells Fargo
Securities, LLC; J.P. Morgan Securities LLC.; Merrill Lynch, Pierce, Fenner & Smith
Incorporated; KeyBanc Capital Markets Inc.; BNY Mellon Capital Markets, LLC; Mitsubishi
UFJ Securities (USA), 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 $75,000,000 2.50% First
Mortgage Bonds, Secured Medium-Term Notes
Series I authorized by Order No. 31053.......................$ 74,625,750
Proceeds from the sale of $75,000,000 4.00% First
Mortgage Bonds, Secured Medium-Term Notes
Series I authorized by Order No. 31053.......................74,805,750
Total proceeds received ................................................ $149,431,500
P.O. Box 70 (83707)
1221 W. Idaho St.
Boise, ID 83702
Ms. Jewell Page 2 of 2
Proceeds used for payment of agents fees....................
Proceeds will be used to repay $70,000,000 4.25%
First Mortgage Bonds that mature on October 1, 2013.
Remaining proceeds will be used to fund on-going
business and construction needs of IPC.......................
Total use of proceeds....................................................
Balance ...................................................
1,031,250
148,400,250
May 8, 2013
149,431.500
0
2) Rates:
The coupon rate for the 2023 MTNs was set at 2.50 percent.
The coupon rate for 2043 MTNs was set at 4.00 percent.
Sincerely,
7—. jn~d~~ez '
Darrel T. Anderson
Executive Vice President - Administrative Services and Chief Financial Officer