20080925Supplemental 2007 Affiliated Interest Report.pdf

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September 25, 2008
RECEW
2008 SEP 25 AM 9: 24
lDAHO PUBUQ . i
UTILITiES COMMl$SlON
201 South Main, Suite 2300
Salt Lake City, Utah 84111
VI OVERNIGHT DELIVERY
Idaho Public Utilities Cornssion
472 West Washington Street
Boise, ID 83720-5983
Attention: Jean Jewell
Cornssion Secreta
RE: Affiliated Interest Report for the calendar year 2007 Supplemental Filng - MEHC
Insurance Services Ltd. Financial Statement
On May 29, 2008 in accordance with MidAerican Energy Holdings Company Transaction
Cornitrent #8 approved in Docket No.PAC-E-05-08, PacifiCorp's (d.b.a. Rocky Mountan
Power) filed the Affliated Interest Report for calendar year 2007. At the time of filing MEHC
Insurance Service Ltd (MILS) financial statements were being audited and were not available to
include in the Afliated Interest Report, as noted on page 37 of the report. MILS fiancial
statements are now available and the Company is providing them to the Cornission.
It is respectfully requested that all formal correspondence and Staff requests regarding this filing
be addressed to the followig:
By E-mail (preferred):
. By Fax:
dataequest(fpacificorp.com
[phone]
By regular mail:Data Request Response Center
PacifiCorp
825 NE Multnomah, Suite 2000
Portland, OR 97232
Informal inquies regarding ths filing, or requests for copies of the report, can be directed to
Ted Weston at [phone].
Sincerely,
~l(.~~!ûJ
Jeffrey K. Larsen
Vice President, Regulation
Cc: Service List PAC-E-05-08
Enclosure
MEHC IBSUFfßee Sel\iees Ltd.
Balanee Sheets
December 31,2007 and 2006
2007 2006
Assets
Cash and cah equivalents
Accrued intere
Deferd premium taes
Federal income tax recivable
$ 3,924,474
27,860
5,805
12,950
$ 7,540,026
31,271
6,214
Tota assets $ 3,971,089 $ 7,577,511
Liabilties and Shareholder's Deficit
Liabilties:
Claims payable to afliate $10,450,112 $7,403,90
Unpaid losss and loss adjustent expenses 4,688,754 4.596,020
Uneared premiums 1,527,452 1.615,123
Federa income ta payable 49,178
Accrued expese 66,232 68.002
Total liabilties 16,732,550 13,732,229
Shareholder's deficit:
Common stock, no par value, 1,000,000 shar
authorize, 100,000 shaes issue and outstanding
Accumulated deficit (12,761,461)(6,154,718)
Total sharholder's deficit (12,761,461)(6,154,718)
Totalliabilties and sharolder's deficit $3,971,089 $7,577,511
2
'I MEHC Insurance Services J itd
Statements of Operations
For the Year Ended December 31,2007 and 2006 and for the Period from
March 21,2006 (Commencement of Operations) through December 31, 2006
2007 2006
Revenues:
Written premiums $6,969,001 $7,369,000
Change in uneared premiums 87,671 (1,615,123)
Earnd premiums 7,056,672 5,753,877
Investment income 574,257 262,521
Total revenues 7,630,929 6,016,398
Losses and expenses:
Losses and loss adjustment expenses incurrd 13,930,936 11,999.926
General and administrative expenses 162,686 122,012
Total losses and expenses 14,093,622 12,121,938
Net loss before federal income tax expense (6,462,693)(6,105,540)
Federal income tax expese 144,050 49,178
Net loss $(6,606,743)$(6,154,718)
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I hereby certify that on this 25th day of September, 2008, I caused to be served,
via E-mail, if address available or u.S mail, a tre and correct copy ofPacifCorp's
Supplemental Filing for the Afliated Interest report for the calendar year 2007 in Case
No. PAC-E-05-8.
.
Andrea L. Kelley R. Scott Pasley
Vice President, Regulation Assistat Genera Counsel
PACIFICORP J.R. Simplot Company
825 NE Multnomah, Suite 2000 P.O. Box 27
Portland, OR 97232 Boise, ID 83702
E-Mail: andrea.kelly(ipacificorp.com E-Mail: spasley(fsimplot.com
Douglas L. Anderson Mark C. Moench
Senior Vice President & General Senior Vice President - Law
Counel MidArerican Energy Holdings Company
MidAerican Energy Holdings 201 S. Mai, Suite 2300
Company Salt Lake City, UT 84111
302 S. 36th Street, Suite 400 E-Mail: mcmoench(imidarerican.com
Omaha, NE 68131
E-Mail: danderson(fmidarerican.com
Eric L. Olsen Anthony Yane1
Racine, Olson, Nye, Budge & Bailey,29814 Lake Road
Charered Bay Vilage, OH 44140
201 E. Center E-Mail: tony(fyaneLnet
P.O. Box 1391
Pocatello,ID 83204-1391
E-Mail: e1o(fracine1aw.net
Baron L. Kline, Senior Attorney John R. Gale
Monica B. Moen, Attorney II Vice President, Reguatory Afairs
Idaho Power Company Idaho Power Company
P.O. Box 70 P.O. Box 70
Boise,ID 83707 Boise,ID 83707
E-Mail: bkline(iidahopower.com e-Mail: rgale(fidahopower.com
rnoen(fidahopower.com
Brad M. Purdy Arhur F. Sandack, Esq.
Attorney at Law 8 E. Broadway, Suite 510
2019 N. 17th Street Salt Lake City, UT 84111
Boise, il 83702 E-Mail: asandack(fitower.net
E-Mail: bmpurdy(fhotmaiLcom
Donald L. Howell, II Terr Carlock
Deputy Attorney General Accounting Supervisor
Idaho Public Utilities Cornssion Idaho Public Utilties Cornission
472 W. Washigton (83702)472 W. Washington
P.O. Box 83720 P.O. Box 83720
Boise,ID 83720-0074 Boise, ID 83720-0074
E-Mail: donlhowellCfpuc.idaho.gov E-Mail: terr.carlockCfpuc.idaho.gov
Radal C. Budge James R. Smith
Racine, Olson, Nye, Budge & Bailey,Monsanto Company
Charered Highway 34 North
201 E. Center P.O. Box 816
P.O. Box 1391 Soda Sprigs, il 83726
Pocatello,ID 83204-1391 E-Mail: jim.r.smithCfmonsanto.com
E-Mail: rcb(iracinelaw.net
Katie Iverson Alan Herzfeld
Brubaker & Associates Herzfeld & Piotrowski LLP
17244 W. Cordova Cour 713 W. Franlin
Surrise, AZ 85387 P.O. Box 2864
E-Mail: kiversonCfconsultbai.com Boise, ID 83701
E-Mail: aherzfeldCfhpllp.net
David Hawk
Director, Energy Natual Resources
J.R. Simplot Company
P.O. Box 27
Boise, ID 83702
E-Mail: dhawk(isimplot.com
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Coordinator, Admstrative Services