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HomeMy WebLinkAbout20140530Notice of Affiliate Transaction.pdf\PncrFrConp May 30,2014 VU OWRNIGHT DELIWRY Idaho Public Utilities Commission 472West Washington Boise,ID 83702-5983 Attention: Jean D. Jewell Commission Secretary Re: PacifiCorp Notice of Affiliate Transaction Case No. PAC-E-05-8 Dear Ms. Jewell: This letter will serve as notice pursuant to Commitment I l7(2\ incorporated in the Idatro 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)I, of an affiliate interest transaction with CE Casecnan for which PacifiCorp will sell certain spare parts to CE Casecnan. PacifiCorp will submit a verified copy of the Purchase Order supporting this transaction when it becomes available. PacifiCorp is a wholly-owned indirect subsidiary of Berkshire Hathaway Energy Company (BHE). BHE is a subsidiary of Berkshire Hathaway, Inc. (Berkshire Hathaway). As of March 31,2010, Warren E. Buffet (an individual who may be deemed to control Berkshire Hathaway), Berkshire Hathaway, various subsidiaries of Berkshire Hathaway and various employee benefit plans of Berkshire Hathaway subsidiaries together held an interest in excess of 5 percent in CE Casecnan. Therefore, Berkshire Hathaway's ownership interest in CE Casecnan may create an affiliated interest in some PacifiCorp jurisdictions. CE Casecnan owns and operates hydroelectric generation facilities in the Philippines. CE Casecnan is preparing for the upcoming monsoon season. Certain required parts have been ordered from the manufacturer that will take up to 20 weeks to arrive. CE Casecnan does not participate in any utility mutual aid agreements. This transaction is in the public interest because receiving the parts from PacifiCorp is the quickest, most efficient way for CE Casecnan to acquire necessary parts to avoid prolonged outages and be able to respond effectively during monsoon season. PacifiCorp has the necessary parts and can provide them to CE Casecnan without compromising its own operations or ability to provide reliable electric service. RECEIVf; I]R Jeff Richards Vice President and General Counsel eot f, lrA Y 30 Pu t?: rri,i: -r;nri;#,:!i; i'- uTrl?fl"t%tfi i'u,sao,i!it',i,oni;'i,$1ff *,,p.com I As of April 3O,2O14,MEHC was renamed Berkshire Hathaway Energy. Jean D. Jewell Notice of Affiliate Transaction May 30,2014 CE Casecnan will pay PacifiCorp the cost of the paf,ts, which is higher than market plus other administrative expenses. Please do not hesitate to contact me if you have any questions. Best Regards, R. JeffRichards Vice President and General Counsel PacifiCorp Enclosures