HomeMy WebLinkAbout20160412Compliance Filing.pdfRECEIVED
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Apr 6,2016
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.
32786 in connection with the sale of $ 120,000,000 principal amount of 4.05Yo First Mortgage
ffisecured Medium-Term Notes, Series J, due March 1,2046 (the*2046 MTNs").
The2046 MTNs were issued by Idaho Power Company on March 10,2016 and were on that date
of[ered for sale to the public. Underwriters for this issuance were Wells Fargo Securities, LLC;
J.P. Morgan Securities LLC; KeyBanc Capital Markets Inc.; Mitsubishi UFJ Securities (USA),
Inc; Merrill Lynch, Pierce, Fenner & Smith Incorporated; U.S. Bancorp Investments, Inc.; and
BNY Mellon 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 $120,000,000 4.05% First
Mortgage Bonds, Secured Medium-Term Notes
Series J authorized by Order No. 32786 $ I19,690,400
Total proceeds received s 119,690,400
PO. 8ox 7C {$7471
1221 W. ldaho St-
Boise, lD 83702
Ms. Jewell Page2 of2
Proceeds used for payment of agents fees...........
Proceeds will be used to pay prior to maturity
$100,000,000 6.15% First Mortgage Bonds that
mature on April 1,2019 and fund a portion of
capital requirements. ... ..
Total use of proceeds ...............
900,000
118.790.400
Balance
2) Rates:
The coupon rate for the 2046 MTNs was set at 4.05 percent.
Sincerely,
Senior Vice President - Chief Financial Officer and Treasurer
April6,20l5
I19.690.400
$____________o