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HomeMy WebLinkAbout20120628Notice of Affiliate Transaction.pdfPACIFICORP A MIDAMERICAN ENERGY HOLD$NGS COMPANY Mark C. Moench Senior Vice President and General Counsel 201 S. Main Street, Suite 2400 Salt Lake City, UT 84111 801-220-4459 Office 801-220-4058 Fax inark.nwenchpa4flcorp.com June 28, 2012 VIA OVERJYIGHTDELIVERY Idaho Public Utilities Commission F .- 472 West Washington Boise, ID 83702-5983 co Attention: Jean D. Jewell C= Commission Secretary Re: PacifiCorp Notice of Affiliate Transaction tn Case No. PAC-E-05-8 (.11 Dear Ms. Jewell: Pursuant to Commitment I 17(2), incorporated in the Idaho Public Utilities Commission Order No. 29973 issued February 13, 2006, as supplemented by Order No. 29998 March 14, 2006, in the above-referenced proceeding, approving the acquisition of PacifiCorp by MidAmerican Energy Holdings Company ("MEHC"), Rocky Mountain Power hereby provides notice of PacifiCorp's intent to dissolve its affiliates, PacifiCorp Environmental Remediation Company ("PERCO"), and Pacific Investment Management Inc. ("PIMI') with which it has transacted significant business, effective July 1, 2012. PERCO is a corporation organized under Delaware's corporate statutes. PacifiCorp is the direct, 100% owner of PERCO. PERCO was set up to receive and administer certain funds used for environmental remediation projects, and perform same. These funds have been utilized, and there is no longer a continuing compelling business purpose for retaining the separate entity. Pilvil is a corporation organized under Oregon's corporate statutes. PacifiCorp is the direct, 100% owner of PIMI. PIMI was set up in conjunction with and consistent with the purposes of PERCO. P1MI has been inactive since 2002 and contains no assets or liabilities. Upon the dissolution of PERCO (effective, July 1, 2012, upon filing of Articles of Dissolution with the Delaware Secretary of State) PacifiCorp will directly hold all of PERCO's assets, including cash, and liabilities, including environmental liabilities. Upon the dissolution of PIMT (effective, July 1, 2012, upon the filing of Articles of Dissolution with the Oregon Secretary of State) PIMI, will cease to exist and no further corporate or tax filings will be required. Please do not hesitate to contact me if you have any questions. Best Regards, 7Q Mark C. Moench Senior Vice President and General Counsel PaciflCorp C) in in