20050215Supplemental Information.pdf

825 E. Multnomah St.
Portland, OR 97232
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February 14, 2005
Idaho Public Utility Commission
Statehouse
472 West Washington Street
Boise, ID 83720
ATTN:Ms. Jean Jewell
Commission Secretary
Re:Case Nos. P AC-92-
and PAC-03-
In the Matter of the Application ofP ACIFICORP for
authority to (1) borrow the proceeds of not more than
$150 000 000 of Pollution Control Revenue Refunding
Bonds to be issued by various Counties, (2) enter into
such agreements or arrangements with the Counties and
with other entities as may be reasonably necessary to
effect the borrowings and to provide credit enhancement
for the Refunding Bonds, including the issuance of First
Mortgage and Collateral Trust Bonds, and (3) replace or
modify from time to time the credit enhancement
arrangements supporting the Refunding Bonds.
Dear Commissioners:
PacifiCorp (the "Company ) submits the following supplemental information with respect to the
above-referenced dockets. The Company believes that no further Commission action is required
in connection with this matter.
The Company is currently in discussions with the following issuers, various underwriters and
remarketing agents with respect to the following series of Pollution Control Revenue Refunding
Bonds (collectively, the "PCRB Series ) that were issued pursuant to Order No. 24479, which
was issued by the Commission in the first above-referenced docket:
Aggre gate Current
Issuer PCRB Series Princi al Amount Stated Maturit
Converse County Series 1992 $22,485 000 July 1 , 2006
Sweetwater County Series 1992A $ 9 335 000 April 1 , 2005
Sweetwater County Series 1992B $ 6 305 000 December 1 , 2005
The Company is proposing to extend the maturity date of each PCRB Series to a date not later
than the date or dates for which the Company will obtain an independent engineer s certificate
verifying the economic life of the respective qualifying facilities. The application in the first
Portlnd2-4384914.3 0017507-00027
Idaho Public Utility Commission
February 14, 2005
above-referenced docket stated that the "(m)aturity (of the PCRB Series) will be determined
based upon an engineer s certificate verifYing the economic life of the qualifYing facilities." The
supplemental application in the second above-referenced docket also contemplated the extension
of the maturities of the PCRB Series "consistent with the economic lives of the Facilities." The
Company expects to receive new independent engineers ' certificates that will enable the
Company to extend the maturities of the PCRB Series by up to 20 years.
The Company expects to complete the above-described transactions by the third week of
March 2005. If the Commission or its staff has any questions about these transactions, please
contact me at [phone].
Your attention to this matter is appreciated.
Sincerely,
tJ
Bruce N. Williams
Treasurer
cc:Terri Carlock
Port1nd2-4384914.3 0017507-00027