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HomeMy WebLinkAbout20060320Forming insurance compeny.pdf, i:, STeEL ~~, . r. .; 1:: ~)2 900 SoW. Flflh Avenue, Sulle 2600 Portland, Oregon 97204 phone 503.224.3380 fax 503.220.2480 . .:::' ' ' . L !' , :.: ; ~ U ; . - . ~ " ""\V.stoel.com March 20, 2006 JAMES M, V AN NOSTRAND Direct 503,294.9679 j mvannostrand~stoe1.com ATTORNEYS AT LAW HAND DELIVERY Ms. Jean D. Jewell Commission Secretary Idaho Public Utilities Commission 472 W. Washington Boise, ID 83702-0074 Re:Case No. P AC-O5- Joint Application of MidAmerican Energy Holdings Company and PacifiCorp d/b/a Utah Power & Light Company for an Order Authorizing Proposed Transaction Dear Ms. Jewell: Under the terms of Commitment I 17 in the final Idaho commitments attached to and incorporated in the Commission s Order No. 29998 issued on March 14 2006 in this proceeding, MidAmerican Energy Holdings Company ("MEHC") or PacifiCorp committed to provide notice to the Commission in writing prior to the implementation of plans to form an affiliate for the purpose of transacting business with PacifiCorp s regulated operations. As a result ofa commitment adopted in Idaho Commitment I 29 and in several other jurisdictions as well, MEHC has agreed to form a new, captive insurance company to provide insurance coverage for PacifiCorp s operations. While these commitments will not become effective until after the closing of the transaction Transaction ) approved by the Commission in this proceeding, MERC is already taking the steps necessary to implement commitments with the expectation that the Transaction will close later this week, after satisfaction of customary closing conditions. Therefore, pursuant to Commitment 117, MERC provides notice that, effective March 14, 2006, MERC Insurance Services Ltd. was licensed to operate as a captive insurance company in the state of Vermont. Please contact us if you have any questions. Thank you for your assistance. Very truly yours ~~~~ Counsel for MidAmerican Energy Holdings Company and PacifiCorp cc:Service List Oregon Washinglon Port1nd3-1545441.1 0051851-00005 (:!lifo,nla U I J h I d " h 0 CERTIFICATE OF SERVICE I hereby certify that I served a copy of the foregoing document upon the parties of record in this proceeding by first-class mail, addressed to said parties/attorneys' addresses as shown below: Andrea L. Kelly Managing Director, Strategy PacifiCorp 825 NE Multnomah Portland, OR 97232 James R. Smith Monsanto Company Highway 34 North PO Box 816 Soda Springs, ill 83276 Douglas L. Anderson Senior Vice President and General Counsel MidAmerican Energy Holdin~s Company 302 S 36t Street, Suite 400 Omaha, NE 68131 Katie Iverson Brubaker & Associates 17244 W Cordova Court Surprise, PLZ 85387 Mark C. Moench Senior Vice President, Law MidAmerican Energy Holdings Company 201 S Main Street, Suite 2300 Salt Lake City, UT 84111 Eric L. Olsen Racine, Olson, Nye, Budge & Bailey 201 E Center Pocatello, ill 83204-1391 Anthony Yankel 29814 Lake Road Bay Village, OH 44140 Donald L. Howell Deputy Attorney General Idaho Public Utilities Commission 472 West Washington Boise, ill 83702 Barton Kline Monica B. Moen Idaho Power Company PO Box 70 Boise, ill 83707 Terri Carlock Accounting Supervisor Idaho Public Utilities Commission 472 West Washington Boise, ill 83702 John R. Gale Vice President, Regulatory Affairs Idaho Power Company PO Box 70 Boise, ill 83707 Randall C. Budge Racine, Olson, Nye, Budge & Bailey, Chartered 201 E Center Pocatello, ill 83204-1391 Brad M. Purdy Attorney at Law 2019 N 1 ih Street Boise, ill 83702 Page 1 - CERTIFICATE OF SERVICE (PAC-05- Port1nd3-1527178.10051851-00005 Arthur F. Sandack 8 E Broadway, Suite 510 Salt Lake City, UT 84111 Alan Herzfeld Herzfeld & Piotrowski LLP 713 W Franklin Boise, ill 83701 DATED: March 20 2006. =- f! ~ Joint Counsel for MidAmerican Energy Holdings Company and PacifiCorp dba Utah Power & Light Company Page 2 - CERTIFICATE OF SERVICE (PAC-05- Portlnd3-1527178.10051851-00005