HomeMy WebLinkAbout20150407Compliance Filing.pdf3Effi*.
An IDACORP CompanyI -. :- _, '" :
?$li flPR -i AF,l g' ZG
t' ,,.
;i-il! lIr-- ".-,..Jlli-i li ., ',r.,..:rl i....,
Apr 6, 2015
Ms. Jean D. Jewell
Idaho Public Utilities Commission
P.O. Box 73720
Boise, ID 83720-0074
Dear Ms. Jewell:
IPL-Ats''Ds
We are submitting the following information in compliance with the Commission's Order No.
32786 in connection with the sale of $250,000,000 principal amount of 3.65%o First Mortgage
Bonds, Secured Medium-Term Notes, Series J, due March 1,2045 (the"2045 MTNs").
The2045 MTNs were issued by Idaho Power Company on March 6,2015 and were on that date
offered for sale to the public. Underwriters for this issuance were J.P. Morgan Securities LLC;
Wells Fargo Securities, LLC; Merrill Lynch, Pierce, Fenner & Smith Incorporated; KeyBanc
Capital Markets Inc.; Mitsubishi UFJ Securities (USA),Inc; U.S. Bancorp Investments,Inc.;
BNY Mellon Capital Markets, LLC; and RBC Capital Markets, LLC.
l) 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 $250,000,000 3.65% First
Mortgage Bonds, Secured Medium-Term Notes
Series j authorized by Order No. 32786 $ 248,285,000
Total proceeds received $248,285,000
P.O. Box 70 (83707)
1221 W. ldaho St.
Boise, lD 83702
Ms. Jewell Page2 of2
Proceeds used for payment of agents fees...........
Proceeds will be used to repay $120,000,000 6.025%
First Mortgage Bonds that mature on July 15, 2018.
Remaining proceeds will be used to fund on-going
business and construction needs of IPC
Total use of proceeds ...............
1,875,000
246.410.000
Balance
2) Rates:
The coupon rate for the2045 MTNs was set at3.65 percent.
April6,20l5
248.28s.000
s0
Sincerely,
{,/
StdeEex'
Senior Vice President - Chief Financial Offrcer and Treasurer