20150529Affiliated Interest Report 2014.pdf

Y ROCKY MOUNTAIN ] I. .
POWER
A DIVISION OF PACIFICORP 201 South Main, Suite 2300
Salt Lake City, Utah 84111
May 28,2015
VA ELECTRONIC FILING
AND OVERNIGHT DELIWRY
Jean Jewell
Commission Secretary
Idaho Public Utilities Commission
47 2 W est Washington Street
Boise,ID 83720-5983
RE: CASE NO. PAC-E-05-08
AFFILIATED INTEREST REPORT FOR CALENDAR YEAR 2014
Dear Ms. Jewell
ln accordance with Berkshire Hathaway Energy Holdings Company's Transaction Commitment
#8 approved in Case No. PAC-E-05-08, enclosed for filing are two copies of PacifiCorp's (d.b.a.
Rocky Mountain Power) calendar year 2014 Affiliated Interest report.
By copy of this letter other parties are being provided notice of this filing.
Informal inquiries regarding this filing, or requests for copies of the report, can be directed to
Ted Weston at [phone].
Sincerely,
Urt{ry. L. -30,'\o^- l rr-,rt
Jeffrey K. LYrsen
Vice President, Regulation
Enclosures
cc w/o enclosure: Service List in Case No. PAC-E-05-08
I hereby certiff that on this 28ft day of May,2Ol5,I caused to be served, via E-mail, if
address available or U.S mail, a true and correct copy of PacifiCorp's cover letter accompanying
the Compliance Filing, Affiliated Interest Report for Calendar Year 2014 (Commitment #8) in
Case No. PAC-E-05-08.
Douglas L. Anderson
EVP, General Counsel & Corporate Sec
Berkshire Hathaway Energyllll S.103'dStreet
Omaha, NE 68124
danderson@berkshirehathawayenergyco. com
Eric L. Olsen
Racine, Olson, Nye, Budge & Bailey, Chartered
201 E. Center
P.O. Box l39l
Pocatello, lD 83204-1391
[e-mail]
Lisa Nordstrom
Gregory Said
Idaho Power Company
P.O. Box 70
Boise,ID 83707
lnordstrom@ idahopower.com; gsaid@ idahopower.com
R. Scott Pasley
Assistant General Counsel
J.R. Simplot Company
P.O. Box 27
Boise,ID 83702
[e-mail]
James R. Smith
Monsanto Company
Highway 34 North
P.O. Box 816
SodaSprings,lD 83726
i [e-mail]
David Hawk
Director, Energy Natural Resources
J.R. Simplot Company
P.O. Box 27
Boise,ID 83702
[e-mail]
Brad M. Purdy
Attorney at Law
2019 N. 17ft Street
Boise,ID 83702
[e-mail]
Alan Herzfeld
Herzfeld & Piotrowski LLP
713 W. Franklin
P.O. Box 2864
Boise,ID 83701
[e-mail]
Randall C. Budge
Racine, Olson, Nye, Budge & Bailey, Chartered
201 E. Center
P.O. Box l39l
Pocatello, ID 83204-1391
[e-mail]
Arthur F. Sandack, Esq.
8 E. Broadway, Suite 510
Salt Lake Ciry, UT 841I I
[e-mail]
Katie Iverson
Brubaker & Associates
17244W. Cordova Court
Surprise, AZ 85387
kiverson@consultbai. com
Terri Carlock
Accounting Supervisor
Idaho Public Utilities Commission
472W. Washington
P.O. Box 83720
Boise,ID 83'120-0074
terri.carlock@puc. idaho. gov
Anthony Yankel
29814 Lake Road
Bay Village, OH 44140
[e-mail]
Carrie Meyer
Supervisor, Regulatory Operations

PacifiCorp

Affiliated Interest Report

For the year ended December 31, 2014

Table of Contents

I. Organization
I. A. Officers and Directors
1. PacifiCorp Board of Directors and Committees of the
Board of Directors
2. PacifiCorp Officers
3. PacifiCorp Officers and Directors with Affiliated
Positions
I. B. Changes in Ownership
I. C. Affiliate Descriptions
I. D. Financial Statements
II. Transactions
III. Loans
IV. Debt Guarantees
V. Other Transactions
VI. Employee Transfers
VII. Cost Allocations
Intercompany Administrative Services Agreement
Intercompany Mutual Assistance Agreement

Appendix A – Oregon Public Utility Commission orders approving
transactions with affiliates
I. ORGANIZATION

PacifiCorp is a United States regulated, vertically integrated electric utility company serving 1.8 million
retail customers, including residential, commercial, industrial, irrigation and other customers in portions of
the states of Utah, Oregon, Wyoming, Washington, Idaho and California. PacifiCorp owns, or has interests
in, 75 thermal, hydroelectric, wind-powered and geothermal generating facilities, with a net owned capacity
of 11,136 megawatts. PacifiCorp owns, or has interests in, electric transmission and distribution assets, and
transmits electricity through approximately 16,400 miles of transmission lines. PacifiCorp also buys and
sells electricity on the wholesale market with other utilities, energy marketing companies, financial
institutions and other market participants to balance and optimize the economic benefits of electricity
generation, retail customer loads and existing wholesale transactions. PacifiCorp is subject to
comprehensive state and federal regulation.

PacifiCorp’s principal executive offices are located at 825 N.E. Multnomah Street, Portland,
Oregon 97232, and its telephone number is [phone]. PacifiCorp was initially incorporated in 1910
under the laws of the state of Maine under the name Pacific Power & Light Company. In 1984, Pacific
Power & Light Company changed its name to PacifiCorp. In 1989, it merged with Utah Power and Light
Company, a Utah corporation, in a transaction wherein both corporations merged into a newly formed
Oregon corporation. The resulting Oregon corporation was re-named PacifiCorp, which is the operating
entity today.
PacifiCorp’s subsidiaries support its electric utility operations by providing coal mining services. PacifiCorp delivers electricity to customers in Utah, Wyoming and Idaho under the trade name Rocky
Mountain Power and to customers in Oregon, Washington and California under the trade name Pacific Power. PacifiCorp’s electric generation, commercial and trading, and coal mining functions are operated
under the trade name PacifiCorp Energy. In March 2015, PacifiCorp reorganized its divisions to be comprised of Rocky Mountain Power, Pacific Power and PacifiCorp Transmission.
PacifiCorp is an indirect subsidiary of Berkshire Hathaway Energy Company (“BHE”), a holding company
based in Des Moines, Iowa that owns subsidiaries principally engaged in energy businesses. BHE is a consolidated subsidiary of Berkshire Hathaway Inc. (“Berkshire Hathaway”). BHE controls substantially
all of PacifiCorp’s voting securities, which include both common and preferred stock.
The following pages provide organization charts of PacifiCorp’s and BHE’s subsidiaries. See section I.C. Affiliate Descriptions for discussion of affiliates with which PacifiCorp did business during the year ended
December 31, 2014, including Berkshire Hathaway affiliates.
1
Subsidiaries of PacifiCorp as of December 31, 2014

Name of Subsidiary
Approximate Percentage of Voting
Securities Owned
State of Jurisdiction of Incorporation or
Organization

Energy West Mining Company (a) 100% Utah
Fossil Rock Fuels, LLC 100% Delaware
Glenrock Coal Company (b) 100% Wyoming
Interwest Mining Company 100% Oregon
Pacific Minerals, Inc. (c) 100% Wyoming
- Bridger Coal Company, a joint venture (d) 66.67% Wyoming
Trapper Mining Inc. (e) 21.40% Delaware
(a) Energy West Mining Company provides coal-mining services to PacifiCorp utilizing PacifiCorp's assets. Energy West
Mining Company's costs are fully absorbed by PacifiCorp. (b) Glenrock Coal Company ceased mining operations in October 1999. (c) Pacific Minerals, Inc. is a wholly owned subsidiary of PacifiCorp that holds a 66.67% ownership interest in Bridger Coal
Company. (d) Bridger Coal Company is a coal mining joint venture with Idaho Energy Resources Company, a subsidiary of Idaho Power Company, and is jointly controlled by Pacific Minerals, Inc. and Idaho Energy Resources Company. (e) PacifiCorp is a minority owner in Trapper Mining Inc., a cooperative. The members are Salt River Project Agricultural
Improvement and Power District (32.10%), Tri-State Generation and Transmission Association, Inc. (26.57%), PacifiCorp (21.40%) and Platte River Power Authority (19.93%).
2
Berkshire Hathaway Energy Company*
Organization Chart
As of December 31, 2014
Berkshire
Hathaway Inc.
Berkshire
Hathaway Energy
Company
PPW
Holdings
LLC
MidAmerican
Funding, LLC
Northern
Powergrid
Holdings
Company
BHE
Renewables,
LLC
CalEnergy
Philippines
NV Energy,
Inc.
Northern
Natural Gas
Company
HomeServices
of
America, Inc.
PacifiCorp
89.9%
MidAmerican
Energy
Company
*This chart does not include all subsidiaries of PacifiCorp or of its affiliates. For a list of certain subsidiaries of BHE, refer to
Exhibit 21.1 included in BHE’s Annual Report on Form 10-K for the year ended December 31, 2014 (File No. 001-14881).
BHE U.S.
Transmission,
LLC
Kern River Gas
Transmission
Company
Nevada
Power
Company
Sierra Pacific
Power
Company
BHE
Canada,
LLC
3
I. A. Officers and Directors

Information regarding directors and officers common to the regulated utility and affiliated interest are described in these categories: 1. PacifiCorp board of directors and committees of the board of directors during the year ended December 31, 2014 2. PacifiCorp officers during the year ended December 31, 2014 3. PacifiCorp officers and directors with affiliated positions as of December 31, 2014 The positions listed for the directors and officers in each of these sections are those positions that were held as of or during the year ended December 31, 2014, as indicated. Changes that occurred subsequent to December 31, 2014 (if any) are annotated.
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1. PacifiCorp Board of Directors and Committees of the Board of Directors During the Year Ended December 31, 2014 (a)
Director Address From To Director at 12/31/2014
Elected During the Year Ended 12/31/2014
Resigned During the Year Ended 12/31/2014
Gregory E. Abel 666 Grand Avenue 3/21/2006 Yes No No 29th Floor Des Moines, Iowa 50309 Douglas L. Anderson 1111 South 103rd Street 3/21/2006 Yes No No Omaha, Nebraska 68124 Brent E. Gale 825 NE Multnomah 3/21/2006 12/31/2014 Yes No Yes Suite 2000
Portland, Oregon 97232 Patrick J. Goodman 666 Grand Avenue 3/21/2006 Yes No No 29th Floor Des Moines, Iowa 50309
Natalie L. Hocken 825 NE Multnomah 8/30/2007 Yes No No Suite 1600 Portland, Oregon 97232
Micheal G. Dunn (b) 1407 West North Temple 2/1/2010 Yes No No Suite 320 Salt Lake City, Utah 84116 Mark C. Moench 201 South Main 3/21/2006 2/17/2014 No No Yes Suite 2400 Salt Lake City, Utah 84111 R. Patrick Reiten 825 NE Multnomah 9/15/2006 Yes No No Suite 2000
Portland, Oregon 97232 A. Richard Walje 1407 West North Temple 7/2/2001 11/8/2014 No No Yes Suite 270 Salt Lake City, Utah 84116
(a) Cindy A. Crane, Stefan A. Bird and Andrea L. Kelly were elected directors of PacifiCorp effective March 10, 2015. (b) Micheal G. Dunn resigned as a director and employee effective March 2015. Committees of the Board of Directors: The Compensation Committee is the only PacifiCorp board committee. Gregory E. Abel, PacifiCorp’s Chairman of the Board of Directors and Chief Executive Officer, is the sole member of the Compensation Committee. All other board committees are at the Berkshire Hathaway Energy Company level.
5
2. PacifiCorp Officers During the Year Ended December 31, 2014
Title Officer Address From To Officer at 12/31/2014 Elected During the Year Ended 12/31/2014 Resigned During the Year Ended 12/31/2014 Chairman of the Board of Directors and Chief Executive Officer
Gregory E. Abel 666 Grand Avenue 29th Floor Des Moines, Iowa 50309
3/21/2006 Yes No No
President and Chief Executive
Officer, PacifiCorp Energy
Micheal G. Dunn (a) 1407 West North Temple
Suite 320
2/1/2010 Yes No No
Salt Lake City, Utah 84116
President and Chief Executive Officer, Pacific Power R. Patrick Reiten (b) 825 NE Multnomah Suite 2000 9/15/2006 Yes No No
Portland, Oregon 97232
President and Chief Executive Officer, Rocky Mountain Power
Cindy A. Crane 201 South Main Suite 2300 Salt Lake City, Utah 84111
12/18/2014 Yes Yes No

Former President and Chief Executive Officer, Rocky Mountain Power
A. Richard Walje (c) 1407 West North Temple Suite 270 Salt Lake City, Utah 84116
3/21/2006 12/18/2014 No No Yes
Senior Vice President and
Chief Financial Officer
Douglas K. Stuver 825 NE Multnomah
Suite 2000
3/1/2008 Yes No No
Portland, Oregon 97232

(a) Micheal G. Dunn resigned as a director and employee effective March 2015. (b) R. Patrick Reiten was elected President and Chief Executive Officer of PacifiCorp Transmission, a new division of PacifiCorp, effective March 10, 2015. Stefan A. Bird was elected President and Chief Executive Officer of Pacific Power effective March 10, 2015.
(c) A. Richard Walje was appointed President and Chief Executive Officer of Gateway Projects, PacifiCorp on November 1, 2014, and was elected to that position on December 18, 2014.
6
3. PacifiCorp Officers and Directors with Affiliated Positions as of December 31, 2014 Abel, Gregory E. Business Entity Title
AltaLink Management Ltd. Director
Berkshire Hathaway Energy Company Chairman, President & Chief Executive Officer Berkshire Hathaway Energy Company Director
CalEnergy Resources Limited Director CE Casecnan Ltd. Chairman, President & Chief Executive Officer
CE Casecnan Ltd. Director H.J. Heinz Company Director
HomeServices of America, Inc. Director HomeServices of America, Inc. Compensation Committee Member
HomeServices of America, Inc. Finance Committee Member HomeServices of America, Inc. Executive Committee Member
NNGC Acquisition, LLC President Norming Investments B.V. Chairman, President & Chief Executive Officer
Northern Electric Finance plc. Director Northern Electric plc. Director
Northern Natural Gas Company Chairman Northern Natural Gas Company Director
Northern Powergrid Holdings Company Chairman Northern Powergrid Holdings Company Director
Northern Powergrid Limited Director Northern Powergrid UK Holdings Chief Executive Officer
Northern Powergrid UK Holdings Director NV Energy, Inc. Chairman
NV Energy, Inc. Director PPW Holdings LLC President
Yorkshire Cayman Holding Limited Director Yorkshire Power Finance Limited Director
Anderson, Douglas L.
Business Entity Title
Alaska Gas Pipeline Company, LLC Manager (1)
Alaska Gas Transmission Company, LLC Manager (1) Alaska Storage Holding Company, LLC Manager (1)
AltaLink Management Ltd. Director Berkshire Hathaway Energy Company Executive Vice President, General Counsel &
Corporate Secretary BG Energy Holding LLC Director
BHE AC Holding, LLC Manager (1) BHE Canada (BC) Holdings Corporation Director
BHE Canada Holdings Corporation Executive Vice President & Secretary BHE Canada Holdings Corporation Director
BHE Canada, LLC Executive Vice President & General Counsel BHE Canada, LLC Manager (1)
BHE Geothermal, LLC Manager (1) BHE Hydro, LLC Manager (1)
BHE Renewables International GP Corporation Director BHE Renewables, LLC Manager (1)
BHE Solar, LLC Manager (1) BHE U.K. Electric, Inc. President
BHE U.K. Electric, Inc. Director BHE U.K. Inc. Director
BHE U.K. Power, Inc. President
7
Anderson, Douglas L. (continued) Business Entity Title
BHE U.K. Power, Inc. Director
BHE U.S. Transmission, LLC Manager (1) BHE Wind, LLC Manager (1)
Bishop Hill II Holdings, LLC Manager (1) Black Rock 1, LLC Manager (1)
Black Rock 2, LLC Manager (1) Black Rock 3, LLC Manager (1)
Black Rock 4, LLC Manager (1) Black Rock 5, LLC Manager (1)
Black Rock 6, LLC Manager (1) Broken Bow Wind II Holdings, LLC Manager (1)
CalEnergy Company, Inc. Director CalEnergy Generation Operating Company Director
CalEnergy Geothermal Holding, LLC Manager (1) CalEnergy International Ltd. President & Assistant Secretary
CalEnergy International Ltd. Director CalEnergy International Services, Inc. Director
CalEnergy Pacific Holdings Corp. President CalEnergy Pacific Holdings Corp. Director
California Utility HoldCo, LLC Manager (1) CE Asia Limited President & Assistant Secretary
CE Asia Limited Director CE Black Rock Holdings LLC Manager (1)
CE Butte Energy Holdings LLC Manager (1) CE Butte Energy LLC Manager (1)
CE Casecnan II, Inc. Director CE Casecnan Ltd. Senior Vice President, General Counsel & Assistant
Secretary CE Casecnan Ltd. Director
CE Casecnan Water and Energy Company, Inc. Chairman CE Casecnan Water and Energy Company, Inc. Director
CE Electric (NY), Inc. Director CE Geothermal, Inc. Director
CE International (Bermuda) Limited President & Assistant Secretary CE International (Bermuda) Limited Director
CE International Investments, Inc. Director CE Luzon Geothermal Power Company, Inc. Senior Vice President & General Counsel
CE Luzon Geothermal Power Company, Inc. Director CE Mahanagdong II, Inc. Executive Vice President & General Counsel
CE Mahanagdong Ltd. President & Assistant Secretary CE Mahanagdong Ltd. Director
CE Obsidian Energy LLC Manager (1) CE Obsidian Holding LLC Manager (1)
CE Philippines Ltd. President & Assistant Secretary CE Philippines Ltd. Director
CE Red Island Energy Holdings LLC Manager (1) CE Red Island Energy LLC Manager (1)
Cimmred Leasing Company Director Cook Inlet Natural Gas Storage Alaska, LLC Manager (1)
Cordova Funding Corporation Director Dakota Dunes Development Company Director
DCCO Inc. Director HomeServices of America, Inc. Director
HomeServices Relocation, LLC Operating Committee Member
8
Anderson, Douglas L. (continued) Business Entity Title
Kern River Funding Corporation Director
Kern River Gas Transmission Company Executive Committee Member KR Acquisition 1, LLC Vice President & Secretary
KR Acquisition 1, LLC Manager (1) KR Acquisition 2, LLC Vice President & Secretary
KR Acquisition 2, LLC Manager (1) KR Holding, LLC Vice President & Secretary
KR Holding, LLC Manager (1) M&M Ranch Acquisition Company, LLC Manager (1)
M&M Ranch Holding Company, LLC Manager (1) Magma Netherlands B.V. Chairman & Chief Executive Officer
Magma Netherlands B.V. Director MEC Construction Services Co. Director
MEHC Investment, Inc. Senior Vice President MEHC Investment, Inc. Director
MEHC Merger Sub Inc. Corporate Secretary Metalogic Inspection Services Inc. Director
Metalogic Inspection Services LLC Executive Vice President & General Counsel Metalogic Inspection Services LLC Manager (1)
MHC Inc. Senior Vice President, General Counsel & Assistant Secretary
MHC Inc. Director MHC Investment Company Director
MidAmerican Central California Transco, LLC Manager (1) MidAmerican Energy Machining Services LLC Manager (1)
MidAmerican Funding, LLC Manager (1) MidAmerican Geothermal Development Corporation Manager (1)
Midwest Capital Group, Inc. Director MSPS Holdings, LLC Manager (1)
MWR Capital Inc. Director NNGC Acquisition, LLC Manager (1)
Norming Investments B.V. Senior Vice President & General Counsel Northern Natural Gas Company Director
Northern Powergrid Holdings Company Director Northern Powergrid Limited Director
Northern Powergrid UK Holdings Director NV Energy, Inc. Chairman
NV Energy, Inc. Director NVE Holdings, LLC Manager (1)
Ormoc Cebu Ltd. President & Assistant Secretary Ormoc Cebu Ltd. Director
Pinyon Pines I Holding Company, LLC Manager (1) Pinyon Pines II Holding Company, LLC Manager (1)
PPW Holdings LLC Manager (1) Quad Cities Energy Company Director
Solar Star 3, LLC Manager (1) Solar Star Arizona Holding, LLC Manager (1)
Solar Star Arizona II Holding, LLC Manager (1) Solar Star Arizona III Holding, LLC Manager (1)
Solar Star Arizona IV Holding, LLC Manager (1) Solar Star Funding, LLC Manager (1)
Solar Star Projects Holding, LLC Manager (1) SSC XIX, LLC Manager (1)
SSC XX, LLC Manager (1)
9
Anderson, Douglas L. (continued) Business Entity Title
Sundial Holding, LLC Manager (1)
Tongonan Power Investment, Inc. Senior Vice President & General Counsel Tongonan Power Investment, Inc. Director
TPZ Holding, LLC Manager (1) Two Rivers Inc. Director
Visayas Geothermal Power Company Senior Vice President, General Counsel & Assistant Secretary
Crane, Cindy A.
Business Entity Title
Energy West Mining Company Vice President
Fossil Rock Fuels, LLC President Glenrock Coal Company Vice President
Interwest Mining Company Vice President PacifiCorp Foundation Director
Pacific Minerals, Inc. Vice President
Dunn, Micheal G. Business Entity Title
Energy West Mining Company Director
Glenrock Coal Company Director Interwest Mining Company Director
M&M Ranch Acquisition Company, LLC Chairman & President M&M Ranch Acquisition Company, LLC Manager (1)
M&M Ranch Holding Company, LLC Chairman & President M&M Ranch Holding Company, LLC Manager (1)
PacifiCorp Foundation Director Pacific Minerals, Inc. Director
Gale, Brent E.
Business Entity Title
Berkshire Hathaway Energy Company Senior Vice President
Goodman, Patrick J.
Business Entity Title
Alaska Gas Pipeline Company, LLC Manager (1) Alaska Gas Transmission Company, LLC Manager (1)
Alaska Storage Holding Company, LLC Manager (1) AltaLink Management Ltd. Director
Berkshire Hathaway Energy Company Executive Vice President & Chief Financial Officer BG Energy Holding LLC Director
BHE AC Holding, LLC Manager (1) BHE Canada (BC) Holdings Corporation Director
BHE Canada Holdings Corporation Director BHE Canada, LLC Executive Vice President & Chief Financial Officer
BHE Canada, LLC Manager (1) BHE Geothermal, LLC Manager (1)
BHE Hydro, LLC Manager (1) BHE Solar, LLC Manager (1)
BHE U.K. Electric, Inc. Director BHE U.K. Inc. President
BHE U.K. Inc. Director BHE U.K. Power, Inc. Director
10
Goodman, Patrick J. (continued) Business Entity Title
BHE U.S. Transmission, LLC Manager (1)
BHE Wind, LLC Manager (1) Bishop Hill II Holdings, LLC Manager (1)
Black Rock 1, LLC Manager (1) Black Rock 2, LLC Manager (1)
Black Rock 3, LLC Manager (1) Black Rock 4, LLC Manager (1)
Black Rock 5, LLC Manager (1) Black Rock 6, LLC Manager (1)
Broken Bow Wind II Holdings, LLC Manager (1) CalEnergy Company, Inc. Director
CalEnergy Generation Operating Company Director CalEnergy Geothermal Holding, LLC Manager (1)
CalEnergy International Ltd. Senior Vice President & Chief Financial Officer CalEnergy International Ltd. Director
CalEnergy International Services, Inc. Director CalEnergy Pacific Holdings Corp. Director
California Utility HoldCo, LLC Manager (1) CE Asia Limited Senior Vice President & Chief Financial Officer
CE Asia Limited Director CE Black Rock Holdings LLC Manager (1)
CE Butte Energy Holdings LLC Manager (1) CE Butte Energy LLC Manager (1)
CE Casecnan II, Inc. Director CE Casecnan Ltd. Senior Vice President & Chief Financial Officer
CE Casecnan Ltd. Director CE Casecnan Water and Energy Company, Inc. Senior Vice President & Chief Financial Officer
CE Casecnan Water and Energy Company, Inc. Director CE Electric (NY), Inc. Director
CE Geothermal, Inc. Director CE International (Bermuda) Limited Senior Vice President & Chief Financial Officer
CE International (Bermuda) Limited Director CE International Investments, Inc. President
CE International Investments, Inc. Director CE Luzon Geothermal Power Company, Inc. Senior Vice President & Chief Financial Officer
CE Luzon Geothermal Power Company, Inc. Director CE Mahanagdong II, Inc. Executive Vice President & Chief Financial Officer
CE Mahanagdong Ltd. Senior Vice President & Chief Financial Officer CE Mahanagdong Ltd. Director
CE Obsidian Energy LLC Manager (1) CE Obsidian Holding LLC Manager (1)
CE Philippines Ltd. Senior Vice President & Chief Financial Officer CE Philippines Ltd. Director
Cook Inlet Natural Gas Storage Alaska, LLC Manager (1) HomeServices of America, Inc. Director
HomeServices of America, Inc. Finance Committee Member HomeServices Relocation, LLC Operating Committee Member
IES Holding, LLC Manager (1) Jumbo Road Holdings, LLC Manager (1)
Kern River Funding Corporation Director Kern River Gas Transmission Company Executive Committee Member
KR Acquisition 1, LLC Vice President, Treasurer & Assistant Secretary KR Acquisition 1, LLC Manager (1)
KR Acquisition 2, LLC Vice President, Treasurer & Assistant Secretary
11
Goodman, Patrick J. (continued) Business Entity Title
KR Acquisition 2, LLC Manager (1)
KR Holding, LLC Vice President & Treasurer KR Holding, LLC Manager (1)
M&M Ranch Acquisition Company, LLC Manager (1) M&M Ranch Holding Company, LLC Member
Magma Netherlands B.V. Senior Vice President Magma Netherlands B.V. Director
MEHC Insurance Services Ltd. President & Treasurer MEHC Insurance Services Ltd. Director
MEHC Investment, Inc. President, Chief Financial Officer & Treasurer MEHC Investment, Inc. Director
MEHC Merger Sub Inc. Senior Vice President Metalogic Inspection Services LLC Executive Vice President & Chief Financial Officer
Metalogic Inspection Services LLC Manager (1) MidAmerican Energy Foundation Director
MidAmerican Energy Machining Services LLC Manager (1) MidAmerican Funding, LLC Manager (1)
MidAmerican Geothermal Development Corporation Manager (1) MSPS Holdings, LLC Manager (1)
NNGC Acquisition, LLC Manager (1) Norming Investments B.V. Senior Vice President & Chief Financial Officer
Northern Electric plc. Director Northern Natural Gas Company Director
Northern Powergrid Holdings Company Director Northern Powergrid Limited Director
Northern Powergrid UK Holdings Director NVE Holdings, LLC Manager (1)
Ormoc Cebu Ltd. Senior Vice President & Chief Financial Officer Ormoc Cebu Ltd. Director
Pinyon Pines I Holding Company, LLC Manager (1) Pinyon Pines II Holding Company, LLC Manager (1)
PPW Holdings LLC Manager (1) Solar Star 3, LLC Manager (1)
Solar Star Arizona Holding, LLC Manager (1) Solar Star Arizona II Holding, LLC Manager (1)
Solar Star Arizona III Holding, LLC Manager (1) Solar Star Arizona IV Holding, LLC Manager (1)
Solar Star Funding, LLC Manager (1) Solar Star Projects Holding, LLC Manager (1)
SSC XIX, LLC Manager (1) SSC XX, LLC Manager (1)
Sundial Holding, LLC Manager (1) Tongonan Power Investment, Inc. Senior Vice President & Chief Financial Officer
Tongonan Power Investment, Inc. Director TPZ Holding, LLC Manager (1)
Visayas Geothermal Power Company Senior Vice President & Chief Financial Officer Yorkshire Cayman Holding Limited Director
Yorkshire Electricity Group plc Director Yorkshire Power Finance Limited Director
Yorkshire Power Group Limited Director
Reiten, R. Patrick Business Entity Title
PacifiCorp Foundation Director
12
Stuver, Douglas K.
Business Entity Title
Fossil Rock Fuels, LLC Manager (1) Fossil Rock Fuels, LLC Chief Financial Officer
(1) For LLCs, a manager is the equivalent of a director.

13
I. B. Changes in Ownership
Changes in Successive Ownership Between the Regulated Utility and Affiliated Interest For the Year Ended December 31, 2014

Refer to Exhibit 21 of the Berkshire Hathaway Inc. (“Berkshire Hathaway”) Form 10-K (File No. 001-14905) for a list of certain subsidiaries of Berkshire Hathaway Energy Company’s parent company,
Berkshire Hathaway, as of December 31, 2014. Refer to Exhibit 21.1 of the Berkshire Hathaway Energy Company (“BHE”) Form 10-K (File No. 001-14881) for a list of certain subsidiaries of BHE as of
December 31, 2014.

14
I. C. Affiliate Descriptions
A narrative description of each affiliated entity with which the regulated utility does business. State the factor(s) giving rise to the affiliation.
15
Narrative Descriptions for Each Affiliated Entity
Affiliated interests of PacifiCorp are defined by Oregon Revised Statutes 757.015, Revised Code of Washington 80.16.010 and California Public Utilities Commission Decision 97-12-088, as amended by Decision 98-08-035, as
having two or more officers or directors in common with PacifiCorp, or by meeting the ownership requirements of five percent direct or indirect ownership.
In the ordinary course of business, PacifiCorp engaged in various transactions with several of its affiliated companies
during the year ended December 31, 2014. Services provided by PacifiCorp and charged to affiliates related primarily to administrative services provided under the Intercompany Administrative Services Agreement (“IASA”) among
Berkshire Hathaway Energy Company (“BHE”) and its affiliates, as well as wholesale energy sales and information technology, finance and administrative support services. Services provided by affiliates and charged to PacifiCorp
related primarily to coal mining, the transportation of natural gas and coal, wholesale energy purchases, information technology goods and services, banking services, relocation services and administrative services provided under the
IASA. Refer to Section III for information regarding the Umbrella Loan Agreement between PacifiCorp and Pacific Minerals, Inc. Throughout this report, the term “services” includes labor, overheads and related employee expenses.
Although PacifiCorp provides retail electricity services to certain affiliates within its service territory, such transactions
are excluded from this report because they are billed at tariff rates. Due to the volume and breadth of the Berkshire Hathaway Inc. (“Berkshire Hathaway”) family of companies, it is possible that employees of PacifiCorp have made
purchases from certain Berkshire Hathaway affiliates not listed here, and have been reimbursed by PacifiCorp for those purchases as a valid business expense. PacifiCorp does not believe those transactions would be material individually or
in aggregate. BNSF Railway Company (“BNSF”) – BNSF is an indirect wholly owned subsidiary of Berkshire Hathaway. BNSF operates one of the largest railroad networks in North America. PacifiCorp has long-term coal transportation contracts
with BNSF, including indirectly through a generating facility that is jointly owned by PacifiCorp and another utility, as well as right-of-way agreements.
National Indemnity Company (“NICO”) – NICO is a wholly owned subsidiary of Berkshire Hathaway and is a
provider of commercial insurance products. NICO provides PacifiCorp a surety bond. Marmon Holdings, Inc. (“Marmon”) – At December 31, 2014, Berkshire Hathaway held a 99.7% ownership interest in Marmon. Marmon is an international association of numerous manufacturing and service businesses in energy-related
and other markets. During the year ended December 31, 2014, Armarillo Gear Company, LLC, a Marmon affiliate, provided utility materials to PacifiCorp in the normal course of business.
Wells Fargo & Company (“Wells Fargo”) – At December 31, 2014, Berkshire Hathaway held a nine percent
ownership interest in Wells Fargo. Wells Fargo is a financial services company providing banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance to
consumers, businesses and institutions. Wells Fargo provides banking services and natural gas swaps to PacifiCorp. U.S. Bancorp – At December 31, 2014, Berkshire Hathaway held a five percent ownership interest in U.S. Bancorp. U.S. Bancorp is a financial services company providing lending and depository services, credit card, merchant, and ATM
processing, mortgage banking, insurance, trust and investment management, brokerage, and leasing activities. U.S. Bancorp provides banking services to PacifiCorp.
Moody’s Investors Service (“Moody’s”) – At December 31, 2014, Berkshire Hathaway held a 12% ownership interest
in Moody’s Corporation, which wholly owns Moody’s. Moody’s provides credit ratings and research covering debt instruments and securities. Moody’s provides PacifiCorp with credit rating services.
International Business Machines Corporation (“IBM”) – At December 31, 2014, Berkshire Hathaway held an eight
percent ownership interest in IBM. IBM provides integrated solutions and products, drawing from a portfolio of consulting and information technology implementation services, cloud and cognitive offerings, and enterprise systems
and software. IBM provides PacifiCorp with computer hardware and software and computer systems consulting and maintenance services.
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Cable One, Inc. (“Cable ONE”) – Cable ONE is a wholly owned subsidiary of Graham Holdings Company (“Graham
Holdings”). As of December 31, 2013, Berkshire Hathaway held 1,727,765 of the 6,218,051 outstanding shares of Class B common stock of Graham Holdings. Pursuant to an agreement, which has a termination date (that may be extended) of
February 24, 2017, Berkshire Hathaway had granted Donald Graham, Chairman of the Board and Chief Executive Officer of Graham Holdings, a proxy to vote these Class B shares at his discretion. Class B common stock elects 30% of
the members of the board of directors; Class A common stock elects the remaining 70%. On June 30, 2014, Berkshire Hathaway’s ownership in Graham Holdings decreased to less than five percent. Accordingly, this report reflects
transactions between PacifiCorp and Cable ONE that occurred between January 1, 2014 and June 30, 2014. Cable ONE is a provider of cable television, telephone, and high-speed internet service to residential and business consumers. Cable
ONE provides PacifiCorp with internet services. PacifiCorp provides Cable ONE with pole attachment services. Forney Corporation (“Forney”) – Forney is a wholly owned subsidiary of Graham Holdings. As of December 31, 2013, Berkshire Hathaway held 1,727,765 of the 6,218,051 outstanding shares of Class B common stock of Graham
Holdings. Pursuant to an agreement, which has a termination date (that may be extended) of February 24, 2017, Berkshire Hathaway had granted Donald Graham, Chairman of the Board and Chief Executive Officer of Graham
Holdings, a proxy to vote these Class B shares at his discretion. Class B common stock elects 30% of the members of the board of directors; Class A common stock elects the remaining 70%. On June 30, 2014, Berkshire Hathaway’s
ownership in Graham Holdings decreased to less than five percent. Accordingly, this report reflects transactions between PacifiCorp and Forney that occurred between January 1, 2014 and June 30, 2014. Forney manufactures front-end
combustion components serving the electric utilities, chemical processing, pulp/paper and cement industries. Forney provides PacifiCorp with equipment parts.
American Express Travel Related Services Company, Inc. (“American Express Travel”) – At December 31, 2014,
Berkshire Hathaway held a 15% ownership interest in American Express Company, which wholly owns American Express Travel. American Express Company is a global services company whose principal products and services are
charge and credit payment card products and travel-related services to consumers and businesses around the world. American Express Travel provides PacifiCorp travel arrangement services.
DIRECTV – At December 31, 2014, Berkshire Hathaway held a six percent ownership interest in DIRECTV.
DIRECTV is a provider of digital television entertainment. DIRECTV provides PacifiCorp with television programming. Symetra Life Insurance Company (“Symetra”) – At December 31, 2014, Berkshire Hathaway held a 17% ownership interest in Symetra Financial Corporation, which wholly owns Symetra Life Insurance Company. Symetra Financial
Corporation is a financial services company in the life insurance industry. Symetra provides Energy West Mining Company with excess loss insurance coverage.
Berkshire Hathaway Energy Company (formerly known as MidAmerican Energy Holdings Company) – a holding
company owning subsidiaries that are principally engaged in energy businesses. BHE is a consolidated subsidiary of Berkshire Hathaway. As of February 18, 2015, Berkshire Hathaway owned approximately 89.9% of BHE’s common
stock. The balance of BHE's common stock is owned by Walter Scott, Jr., a director of BHE (along with family members and related entities) (5.3%(1) ownership interest as of February 18, 2015) and Gregory E. Abel, PacifiCorp’s Chairman of
the Board of Directors and Chief Executive Officer (1.0% ownership interest as of February 18, 2015). BHE and its subsidiaries provide services to PacifiCorp under the IASA. PacifiCorp also provides services to BHE and its
subsidiaries under the IASA. Refer to Section VII for further discussion.
(1) Excludes 2,948,022 shares held by family members and family trusts and corporations, or Scott Family Interests, as to which Mr. Scott disclaims beneficial ownership. MHC Inc. – an indirect wholly owned subsidiary of BHE. MHC Inc. is a holding company owning all of the common stock of MidAmerican Energy Company. MHC Inc. provides services to PacifiCorp under the IASA.
MidAmerican Energy Company (“MEC”) – a wholly owned subsidiary of MHC Inc. MEC is principally engaged in the business of generating, transmitting, distributing and selling electricity and in distributing, selling and transporting natural gas. MEC provides services to PacifiCorp under the IASA. PacifiCorp also provides services to MEC under the
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IASA. From time to time, PacifiCorp and MEC transfer equipment to one another under the Intercompany Mutual Assistance Agreement by and between the Rate-Regulated Subsidiaries of BHE (refer to the attachment in Section VII).
Midwest Capital Group, Inc. (“MCG”) – a wholly owned subsidiary of MHC Inc. MCG holds a 100% interest in
MHC Investment Company, as well as interests in other operating, financing and development companies. PacifiCorp provides services to MCG under the IASA.
MEC Construction Services Co. (“MCS”) – a wholly owned subsidiary of MHC Inc. MCS is a provider of non-
regulated utility construction services. PacifiCorp provides services to MCS under the IASA. HomeServices of America, Inc. (“HomeServices”) – a majority-owned subsidiary of BHE. HomeServices is a full-service residential real estate brokerage firm whose services include relocation services, including to employees of
PacifiCorp and its affiliates. PacifiCorp provides services to HomeServices under the IASA. Iowa Realty Co., Inc. (“Iowa Realty”) – a wholly owned subsidiary of HomeServices. Iowa Realty provides real estate brokerage and relocation services in Iowa. PacifiCorp provides services to Iowa Realty under the IASA.
Kern River Gas Transmission Company (“Kern River”) – an indirect wholly owned subsidiary of BHE. Kern River
owns an interstate natural gas pipeline system that extends from supply areas in the Rocky Mountains to consuming markets in Utah, Nevada and California. Kern River’s pipeline system consists of 1,700 miles of natural gas pipelines.
Kern River’s transportation operations are subject to a regulated tariff that is on file with the Federal Energy Regulatory Commission. Kern River provides transportation of natural gas to certain of PacifiCorp’s generating facilities in Utah
and provides services to PacifiCorp under the IASA. PacifiCorp also provides services to Kern River under the IASA. MEHC Insurance Services Ltd. (“MEISL”) – a wholly owned subsidiary of BHE. MEISL provided a captive insurance program to PacifiCorp. MEISL covered all or significant portions of the property damage and liability
insurance deductibles in many of PacifiCorp’s policies, as well as overhead distribution and transmission line property damage. PacifiCorp has no equity interest in MEISL and has no obligation to contribute equity or loan funds to MEISL.
The policy coverage period expired on March 20, 2011 and was not renewed; however, MEISL will continue to cover claims by PacifiCorp arising during the prior policy periods.
Northern Natural Gas Company (“Northern Natural”) – an indirect wholly owned subsidiary of BHE. Northern
Natural owns the largest interstate natural gas pipeline system in the United States, as measured by pipeline miles, which reaches from southern Texas to Michigan's Upper Peninsula. Northern Natural primarily transports and stores natural gas
for utilities, municipalities, gas marketing companies, industrial and commercial users and other end-users. Northern Natural provides services to PacifiCorp under the IASA. PacifiCorp provides services to Northern Natural under the
IASA. NV Energy, Inc. (“NV Energy”) – an indirect wholly owned subsidiary of BHE. NV Energy is a holding company owning subsidiaries that are public utilities that provide electric service to regulated retail electric customers and
regulated retail natural gas customers in Nevada. NV Energy provides services to PacifiCorp under the IASA. PacifiCorp provides services to NV Energy under the IASA.
Nevada Power Company (“Nevada Power”) – a wholly owned subsidiary of NV Energy. Nevada Power is principally
engaged in the business of generating, transmitting, distributing and selling electricity. PacifiCorp purchases wholesale energy and transmission services from Nevada Power. PacifiCorp sells wholesale energy and transmission services to
Nevada Power. PacifiCorp also provides services under the IASA. Sierra Pacific Power Company (“Sierra Pacific”) – a wholly owned subsidiary of NV Energy. Sierra Pacific is principally engaged in the business of generating, transmitting, distributing and selling electricity and distributing,
selling and transporting natural gas. PacifiCorp purchases wholesale energy and transmission services from Sierra Pacific. PacifiCorp sells wholesale energy and transmission services to Sierra Pacific. PacifiCorp also provides services
to Sierra Pacific under the IASA. Northern Powergrid Holdings Company (“Northern Powergrid”) – an indirect wholly owned subsidiary of BHE. Northern Powergrid owns two companies that distribute electricity in Great Britain: Northern Powergrid (Northeast)
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Limited and Northern Powergrid (Yorkshire) plc. Northern Powergrid also owns an engineering contracting business that provides electrical infrastructure contracting services primarily to third parties and a hydrocarbon exploration and
development business that is focused on developing integrated upstream gas projects in Europe and Australia. PacifiCorp provides services to Northern Powergrid under the IASA.
CalEnergy Philippines – a group of wholly owned and majority owned subsidiaries of BHE located in the Philippines.
The primary operating asset within this group is the facility owned by CE Casecnan Water and Energy Company, Inc. discussed below. PacifiCorp provides services to CalEnergy Philippines under the IASA.
CE Casecnan Water and Energy Company, Inc. (“CE Casecnan”) – an indirect majority-owned subsidiary of BHE.
CE Casecnan operates and maintains a 128-megawatt combined hydro and irrigation facility located on the Philippine island of Luzon. PacifiCorp provided an equipment transfer as well as services to CE Casecnan under the IASA.
BHE Renewables, LLC (“BHE Renewables”) (formerly known as MidAmerican Renewables, LLC) – a wholly owned
subsidiary of BHE. BHE Renewables was established to identify and invest in renewable energy projects. BHE Renewables provides services to PacifiCorp under the IASA. PacifiCorp also provides services to BHE Renewables
under the IASA. CalEnergy Generation Operating Company (“CalEnergy Generation”) – an indirect wholly owned subsidiary of BHE Renewables. CalEnergy Generation is organized to manage and operate independent power projects in the United
States. PacifiCorp provides services to CalEnergy Generation under the IASA. Cordova Energy Company LLC (“Cordova”) – an indirect wholly owned subsidiary of BHE Renewables. Cordova owns a 512-megawatt natural gas-fueled electric generation facility in Illinois. PacifiCorp provides services to Cordova
under the IASA. Pinyon Pines Wind I, LLC (“Pinyon Pines I”) – an indirect wholly owned subsidiary of BHE Renewables. Pinyon Pines I owns and operates a 168-megawatt wind-powered generating facility located near Tehachapi, California.
PacifiCorp provides services to Pinyon Pines I under the IASA. Pinyon Pines Wind II, LLC (“Pinyon Pines II”) – an indirect wholly owned subsidiary of BHE Renewables. Pinyon Pines II owns and operates a 132-megawatt wind-powered generating facility located near Tehachapi, California.
PacifiCorp provides services to Pinyon Pines II under the IASA. Solar Star California XIX, LLC (“Solar Star XIX”) – an indirect wholly owned subsidiary of BHE Renewables. Solar Star XIX is constructing a 309-megawatt solar project near Rosamond, California. PacifiCorp provides services to Solar
Star XIX under the IASA. Solar Star California XX, LLC (“Solar Star XX”) – an indirect wholly owned subsidiary of BHE Renewables. Solar Star XX is constructing a 270-megawatt solar project near Rosamond, California. PacifiCorp provides services to Solar
Star XX under the IASA. Topaz Solar Farms LLC (“Topaz”) – an indirect wholly owned subsidiary of BHE Renewables. Topaz owns and operates a 550-megawatt solar project in San Luis Obispo County, California. PacifiCorp provides services to Topaz
under the IASA. TX Jumbo Road Wind, LLC (“Jumbo Road”) – an indirect wholly owned subsidiary of BHE Renewables. Jumbo Road is constructing a 300-megawatt wind-powered generation project near Amarillo, Texas. PacifiCorp provides
services to Jumbo Road under the IASA.
Wailuku Investment, LLC (“Wailuku”) – an indirect wholly owned subsidiary of BHE Renewables. Wailuku owns and operates a 10-megawatt hydroelectric generation project on the eastern coast of the island of Hawaii. PacifiCorp
provides services to Wailuku under the IASA.
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BHE U.S. Transmission, LLC (“BTL”) (formerly known as MidAmerican Transmission, LLC) – a wholly owned subsidiary of BHE. BTL is engaged in various joint ventures to develop, own and operate transmission assets and is
pursuing additional investment opportunities in the United States. PacifiCorp provides services to BTL under the IASA. Electric Transmission Texas, LLC (“ETT”) – a joint venture owned equally by a wholly owned subsidiary of BTL and subsidiaries of American Electric Power Company, Inc. ETT owns and operates electric transmission assets in the
Electric Reliability Council of Texas. PacifiCorp provides services to ETT under the IASA. MidAmerican Central California Transco, LLC (“MCCT”) – an indirect wholly owned subsidiary of BTL. MCCT was formed to construct, finance, own, operate and maintain new high-voltage transmission facilities, and will become a
transmission-owning member of the California Independent System Operator Corporation (“CAISO”) as soon as the CAISO tariff permits. PacifiCorp provides services to MCCT under the IASA.
MEHC Canada Transmission GP Corporation (“MEHC Canada Transmission”) – an indirect wholly owned
subsidiary of BHE Canada, LLC (“BHE Canada”). MEHC Canada Transmission invests in transmission and generation opportunities in Canada. PacifiCorp provides services to MEHC Canada Transmission under the IASA.
Metalogic Inspection Services Inc. (“Metalogic”) – an indirect majority owned subsidiary of BHE Canada. Metalogic
provides nondestructive testing services of piping, vessels and other metal structures used in the oil and gas, power generation, and pulp and paper industries. PacifiCorp provides services to Metalogic under the IASA.
PPW Holdings LLC – the holding company for PacifiCorp and a direct subsidiary of BHE. PPW Holdings LLC remits
income taxes to BHE. PacifiCorp Foundation – an independent non-profit foundation created by PacifiCorp in 1988. PacifiCorp Foundation supports the growth and vitality of the communities where PacifiCorp and its businesses have operations, employees or
interests. PacifiCorp Foundation operates as the Rocky Mountain Power Foundation and the Pacific Power Foundation. PacifiCorp provides administrative services to the PacifiCorp Foundation.
Energy West Mining Company (“Energy West”) – a wholly owned subsidiary of PacifiCorp. Energy West has
historically provided coal-mining services to PacifiCorp utilizing PacifiCorp's assets, as well as has provided information technology support services to PacifiCorp. In recent years, Energy West has produced coal for PacifiCorp through the
Deer Creek mining operations. However, production at the Deer Creek mine ceased in early January 2015. Energy West costs are fully absorbed by PacifiCorp. PacifiCorp provides information technology and administrative services to
Energy West. Interwest Mining Company (“Interwest Mining”) – a wholly owned subsidiary of PacifiCorp, Interwest Mining manages PacifiCorp's mining operations and charges a management fee to Bridger Coal Company and Energy West that
is intended to compensate it, without profit, for its cost of managing these entities. PacifiCorp provides financial support services and employee benefits to Interwest Mining and these costs are included in the management fee that Interwest
Mining charges. Interwest Mining provides administrative and financial support services to PacifiCorp. All costs incurred by Interwest Mining are absorbed by PacifiCorp, Bridger Coal Company and Energy West.
Fossil Rock Fuels, LLC (“Fossil Rock”) – a wholly owned subsidiary of PacifiCorp. Fossil Rock serves as the
leaseholder for certain coal reserves. Pacific Minerals, Inc. (“PMI”) – a wholly owned subsidiary of PacifiCorp that owns 66.67% of Bridger Coal Company, the coal mining joint venture with Idaho Energy Resources Company (“IERC”), a subsidiary of Idaho Power
Company. PMI is the entity that employs the individuals that work for Bridger Coal Company.
Bridger Coal Company (“Bridger Coal”) – a coal mining joint venture between PMI and IERC. PMI owns 66.67% and IERC owns 33.33% of Bridger Coal. Bridger Coal provides coal from the Bridger mine to PacifiCorp’s Jim Bridger
generating facility and support services to PacifiCorp. PacifiCorp provides information technology and administrative services to Bridger Coal.

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Trapper Mining Inc. – PacifiCorp owns a 21.40% interest in Trapper Mining Inc., which operates a coal mine at the Craig “mine-mouth” operation (generating station located next to the mine) outside Craig, Colorado. The remaining
ownership in Trapper Mining Inc. is as follows: Salt River Project Agricultural Improvement and Power District (32.10%), Tri-State Generation and Transmission Association, Inc. (26.57%) and Platte River Power Authority
(19.93%). One of PacifiCorp’s employees and one of Interwest Mining’s employees serve on the Trapper Mining Inc. board of directors. PacifiCorp and Interwest Mining are compensated for this service.
Huntington Cleveland Irrigation Company (“HCIC”) is a non-profit mutual irrigation company, which is a privately
owned water stock company. PacifiCorp holds approximately 34% of HCIC’s water shares. PacifiCorp pays annual assessment fees to HCIC to help cover its operating and maintenance costs, as well as other costs pertinent to conducting
its business, in exchange for receiving access to water used by PacifiCorp’s Huntington generating facility. PacifiCorp also previously made capital investments in HCIC to ensure a long-term, firm water supply for its Huntington generating
facility. Ferron Canal & Reservoir Company (“FC&RC”) is a non-profit mutual irrigation company, which is a privately owned water stock company. PacifiCorp holds approximately 37% of the outstanding water stock in FC&RC. PacifiCorp
pays annual assessment fees to FC&RC to help cover its operating and maintenance costs, as well as other costs pertinent to conducting its business, in exchange for receiving access to water used by PacifiCorp’s Hunter generating facility.
PacifiCorp also contracts additional water from FC&RC, which is made available to the Hunter generating facility through a long-term agreement between FC&RC and PacifiCorp. The agreement calls for PacifiCorp to make an annual
payment to FC&RC and in return, FC&RC provides PacifiCorp up to 7,000 acre-feet of water. Cottonwood Creek Consolidated Irrigation Company (“CCCIC”) is a non-profit mutual irrigation company, which is a privately owned water stock company. PacifiCorp holds approximately 26% of the outstanding water stock in
CCCIC. PacifiCorp pays annual assessment fees to CCCIC to help cover its operating and maintenance costs, as well as other costs pertinent to conducting its business, in exchange for receiving access to water used by PacifiCorp’s Hunter
generating facility. PacifiCorp also previously made capital investments in CCCIC to ensure a long-term, firm water supply for its Hunter generating facility.

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I. D. Financial Statements
Financial statements or trial balances for the year ended December 31, 2014 are included in Section II. Transactions.
22
II. Transactions
The following pages include the following information about services rendered by the regulated utility to the affiliate and vice versa:
• A description of the nature of the transactions

• Total charges or billings
• Information about the basis of pricing, cost of service, the margin of charges over costs, assets allocable to the services and the overall rate of return on assets
Refer to Appendix A for a discussion of public utility commission orders approving transactions with affiliates.
At times, entities controlled by PacifiCorp directly transact with one another. Additionally, entities controlled by
PacifiCorp may transact directly with Berkshire Hathaway Energy Company (“BHE”) and its subsidiaries. As PacifiCorp is not party to these transactions, such transactions have been excluded from the tables presented on the following pages
and instead are disclosed in the footnotes to the tables.
The following items are excluded from this report as they do not constitute “services” as required by this report.
• “Convenience” payments made to vendors by one entity within the BHE group on behalf of, and charged to,
other entities within the BHE group. Such convenience payments reflect the ability to obtain price discounts as a result of larger purchasing power.
• Reimbursements by BHE for payments made by PacifiCorp to its employees under the long-term incentive plan that was maintained by BHE upon vesting of the previously granted awards and reimbursements of payments
related to wages and benefits associated with transferred employees.
Refer to the following page for a summary of the transactions included in this Section II.
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Total Total
Ownership PacifiCorp PacifiCorp
Interest PacifiCorp PacifiCorp Received and PacifiCorp PacifiCorp Received and
as of Received Provided Provided Received Provided Provided
Affiliated Entity 12/31/2014 Services Services Services Services Services Services
BNSF Railway Company 100%-$ -$ -$ 39,212,561$ -$ 39,212,561$ National Indemnity Company 100%- - - 427,920 - 427,920
Amarillo Gear Company, LLC 99.7%- - - 8,290 - 8,290
Wells Fargo & Company 9%- - - 1,912,391 - 1,912,391
U.S. Bancorp 5%- - - 815,272 - 815,272
Moody's Investors Service 12%- - - 418,171 - 418,171
International Business Machines Corporation 8%- - - 2,112,921 - 2,112,921
Cable One, Inc. (2)< 5%- - - 108 13,417 13,525
Forney Corporation (2)< 5%- - - 28,724 - 28,724
American Express Travel Related Services Company, Inc. 15%- - - 57,746 - 57,746
DIRECTV 6%- - - 3,893 - 3,893
Symetra Life Insurance Company 17%- - - - - - Berkshire Hathaway Energy Company 89.9%3,738,954 257,866 3,996,820 - - - MHC Inc.100%116,352 - 116,352 - - -
MidAmerican Energy Company 100%5,659,614 2,318,734 7,978,348 335,467 - 335,467
Midwest Capital Group, Inc.100%- 1,165 1,165 - - -
MEC Construction Services Co.100%- 50,577 50,577 - - -
HomeServices of America, Inc.97.8%- 322,965 322,965 1,300,079 - 1,300,079
Iowa Realty Co., Inc.97.8%- 24,724 24,724 - - -
Kern River Gas Transmission Company 100%148,029 563,688 711,717 3,187,452 - 3,187,452 MEHC Insurance Services Ltd.100%- - - - - - Northern Natural Gas Company 100%2,320 426,990 429,310 - - -
NV Energy, Inc.100%39,304 1,225,925 1,265,229 - - -
Nevada Power Company 100%- 157,647 157,647 2,384,314 4,600,863 6,985,177
Sierra Pacific Power Company 100%- 66,068 66,068 99,757 109,468 209,225
Northern Powergrid Holdings Company 100%- 23,779 23,779 - - -
CalEnergy Philippines various - 3,441 3,441 - - -
CE Casecnan Water and Energy Company, Inc.85%- 146,951 146,951 - 161,914 161,914
BHE Renewables, LLC 100%11,631 197,365 208,996 - - - CalEnergy Generation Operating Company 100%- 163,146 163,146 - - -
Cordova Energy Company LLC 100%- 8,439 8,439 - - -
Pinyon Pines Wind I, LLC 100%- 208 208 - - -
Pinyon Pines Wind II, LLC 100%- 265 265 - - -
Solar Star California XIX, LLC 100%- 5,357 5,357 - - -
Solar Star California XX, LLC 100%- 5,357 5,357 - - -
Topaz Solar Farms LLC 100%- 10,724 10,724 - - -
TX Jumbo Road Wind, LLC 100%- 5,588 5,588 - - - Wailuku Investment, LLC 100%- 603 603 - - - BHE U.S. Transmission, LLC 100%- 934,612 934,612 - - -
Electric Transmission Texas, LLC 50%- 22,738 22,738 - - -
MidAmerican Central California Transco, LLC 100%- 331,413 331,413 - - -
MEHC Canada Transmission GP Corporation 100%- 3,047,749 3,047,749 - - -
Metalogic Inspection Services Inc. 57%- 15,255 15,255 - - -
PPW Holdings LLC 100%- - - - - -
PacifiCorp Foundation 0%- - - - 210,174 210,174 Energy West Mining Company 100%- - - 47,664,734 161,984 47,826,718 Interwest Mining Company 100%- - - 777,745 729,835 1,507,580
Fossil Rock Fuels, LLC 100%- - - - - -
Pacific Minerals, Inc.100%- - - - - -
Bridger Coal Company 66.7%- - - 136,497,580 857,074 137,354,654
Trapper Mining Inc.21.4%- - - 9,453,439 3,285 9,456,724
Huntington Cleveland Irrigation Company 34%- - - 529,545 - 529,545
Ferron Canal & Reservoir Company 37%- - - 1,062,949 - 1,062,949
Cottonwood Creek Consolidated Irrigation Company 26%- - - 303,268 - 303,268
Total Affiliated Services by Category 9,716,204$ 10,339,339$ 20,055,543$ 248,594,326$ 6,848,014$ 255,442,340$
(1) Intercompany Administrative Services Agreement
Summary of transactions included in Section II for the Year Ended December 31, 2014 (2)
Non-IASA goods and servicesServices provided pursuant to the IASA (1)
(2) Cable One, Inc. and Forney Corporation are wholly owned subsidiaries of Graham Holdings Company (“Graham Holdings”). On June 30, 2014, Berkshire Hathaway Inc.'s
ownership in Graham Holdings decreased to less than five percent. Accordingly, this report reflects transactions between PacifiCorp and these entities that occurred between
January 1, 2014 and June 30, 2014.
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BNSF Railway Company
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Rail services $ 39,180,671 $ -
Right-of-way fees 31,890 -

Total $ 39,212,561 $ -

Basis of pricing (a) N/A
Cost of service (a) N/A
The margin of charges over costs (a) N/A
Assets allocable to the services (a) N/A
The overall rate of return on assets (a) N/A

(a) Rail services are based on negotiated prices under long-term contracts. Right-of-way fees are based on factors such as square footage.

For further information on the following financial statements, refer to BNSF Railway Company’s Form 10-K for the
year ended December 31, 2014 (File No. 1-6324) at www.sec.gov.

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18
BNSF Railway Company and Subsidiaries
Consolidated Balance Sheets
In millions

December 31,
2014
December 31,
2013
Assets   
Current assets:  
Cash and cash equivalents $ 585 $ 532
Accounts receivable, net 1,350 1,264
Materials and supplies 795 835
Current portion of deferred income taxes 355 358
Other current assets 351 239
Total current assets 3,436 3,228
Property and equipment, net of accumulated depreciation of $3,547 and $2,231,
respectively 55,788 52,347
Goodwill 14,803 14,803
Intangible assets, net 506 811
Other assets 1,944 2,272
Total assets $ 76,477 $ 73,461
Liabilities and Stockholder’s Equity  
Current liabilities:  
Accounts payable and other current liabilities $ 3,144 $ 3,083
Long-term debt due within one year 116 145
Total current liabilities 3,260 3,228
Deferred income taxes 18,156 17,383
Long-term debt 1,326 1,472
Intangible liabilities, net 782 961
Casualty and environmental liabilities 639 677
Pension and retiree health and welfare liability 385 362
Other liabilities 931 964
Total liabilities 25,479 25,047
Commitments and contingencies (see Notes 11 and 12)
Stockholder’s equity:  
Common stock, $1 par value, 1,000 shares authorized;
issued and outstanding and paid-in-capital 42,920 42,920
Retained earnings 18,043 13,646
Intercompany notes receivable (9,963)(8,397)
Accumulated other comprehensive income (loss)(2)245
Total stockholder’s equity 50,998 48,414
Total liabilities and stockholder’s equity $ 76,477 $ 73,461
See accompanying Notes to Consolidated Financial Statements.

Table of Contents
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16
BNSF Railway Company and Subsidiaries
Consolidated Statements of Income
In millions
Year Ended Year Ended Year Ended

December 31,
2014
December 31,
2013
December 31,
2012
Revenues $ 22,714 $ 21,552 $ 20,478
Operating expenses: 
Compensation and benefits 4,983 4,615 4,472
Fuel 4,478 4,503 4,459
Purchased services 2,167 2,064 2,122
Depreciation and amortization 2,117 1,968 1,888
Equipment rents 867 822 810
Materials and other 1,108 912 764
Total operating expenses 15,720 14,884 14,515
Operating income 6,994 6,668 5,963
Interest expense 44 57 55
Interest income, related parties (102)(82)(57)
Other expense, net 11 10 11
Income before income taxes 7,041 6,683 5,954
Income tax expense 2,644 2,412 2,234
Net income $ 4,397 $ 4,271 $ 3,720

See accompanying Notes to Consolidated Financial Statements.

Table of Contents
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National Indemnity Company
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Surety bond premium $ 427,920 $ -

Total $ 427,920 $ -

Basis of pricing (a) N/A
Cost of service (a) N/A
The margin of charges over costs (a) N/A
Assets allocable to the services (a) N/A
The overall rate of return on assets (a) N/A

(a) Transactions with National Indemnity Company are provided to PacifiCorp in the normal course of business at standard pricing.

National Indemnity Company is not a public company, and its financial statements are not available.

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Amarillo Gear Company, LLC
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Utility materials $ 8,290 $ -

Total $ 8,290 $ -

Basis of pricing (a) N/A
Cost of service (a) N/A
The margin of charges over costs (a) N/A
Assets allocable to the services (a) N/A
The overall rate of return on assets (a) N/A

(a) Transactions with Amarillo Gear Company, LLC are provided to PacifiCorp in the normal course of business at standard pricing.

Amarillo Gear Company, LLC is not a public company, and its financial statements are not available.
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Wells Fargo & Company
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Banking services $ 1,782,491 $ -
Natural gas swaps (a) 129,900 -

Total $ 1,912,391 $ -

Basis of pricing (b) N/A
Cost of service (b) N/A
The margin of charges over costs (b) N/A
Assets allocable to the services (b) N/A
The overall rate of return on assets (b) N/A

(a) Represents the financial impact realized on natural gas swaps during the year ended December 31, 2014. In conjunction with these swap arrangements, PacifiCorp had no collateral at Wells Fargo at December 31, 2014. Please refer to further discussion below.
(b) Wells Fargo & Company provides financial services to PacifiCorp in the normal course of business at standard pricing for certain transactions and at negotiated rates below standard pricing for certain other transactions.
The costs incurred with Wells Fargo & Company for the natural gas swaps included above are only one component of
PacifiCorp’s overall risk management process, which is designed to identify, assess, monitor, report, manage and mitigate each of the various types of risk involved in PacifiCorp's business, including commodity risk. PacifiCorp
manages certain risks, including price risk, relating to its supply of electricity and fuel requirements by entering into various contracts, which may be accounted for as derivatives and may include forwards, options, swaps and other
agreements. PacifiCorp’s energy costs are subject to numerous operational and economic factors such as planned and unplanned outages, fuel commodity prices, fuel transportation costs, weather, environmental considerations, transmission
constraints, and wholesale market prices of electricity. For further information regarding PacifiCorp’s risk management process and hedging activities, including its use of commodity derivative contracts, please refer to PacifiCorp’s Annual
Report on Form 10-K for the year ended December 31, 2014.
For further information on the following financial statements, refer to Wells Fargo & Company’s Form 10-K for the year ended December 31, 2014 (File No. 001-2979) at www.sec.gov.

30

Wells Fargo & Company and Subsidiaries
Consolidated Balance Sheet
Dec 31, Dec 31,
(in millions, except shares) 2014 2013
Assets
Cash and due from banks $ 19,571 19,919
Federal funds sold, securities purchased under resale agreements and other short-term investments 258,429 213,793
Trading assets 78,255 62,813
Investment securities:
Available-for-sale, at fair value 257,442 252,007
Held-to-maturity, at cost (fair value $56,359 and $12,247) 55,483 12,346
Mortgages held for sale (includes $15,565 and $13,879 carried at fair value) (1) 19,536 16,763
Loans held for sale (includes $1 and $1 carried at fair value) (1) 722 133
Loans (includes $5,788 and $5,995 carried at fair value) (1)(2) 862,551 822,286
Allowance for loan losses (12,319) (14,502)
Net loans (2) 850,232 807,784
Mortgage servicing rights:
Measured at fair value 12,738 15,580
Amortized 1,242 1,229
Premises and equipment, net 8,743 9,156
Goodwill 25,705 25,637
Other assets (includes $2,512 and $1,386 carried at fair value) (1) 99,057 86,342
Total assets (2)(3) $ 1,687,155 1,523,502
Liabilities
Noninterest-bearing deposits $ 321,963 288,117
Interest-bearing deposits 846,347 791,060
Total deposits 1,168,310 1,079,177
Short-term borrowings 63,518 53,883
Accrued expenses and other liabilities (2) 86,122 66,436
Long-term debt 183,943 152,998
Total liabilities (2)(4) 1,501,893 1,352,494
Equity
Wells Fargo stockholders' equity:
Preferred stock 19,213 16,267
Common stock – $1-2/3 par value, authorized 9,000,000,000 shares; issued 5,481,811,474 shares and 5,481,811,474 shares 9,136 9,136
Additional paid-in capital 60,537 60,296
Retained earnings 107,040 92,361
Cumulative other comprehensive income 3,518 1,386
Treasury stock – 311,462,276 shares and 224,648,769 shares (13,690) (8,104)
Unearned ESOP shares (1,360) (1,200)
Total Wells Fargo stockholders' equity 184,394 170,142
Noncontrolling interests 868 866
Total equity 185,262 171,008
Total liabilities and equity (2) $ 1,687,155 1,523,502
(1) Parenthetical amounts represent assets and liabilities for which we have elected the fair value option. (2) Financial information for certain periods prior to 2014 was revised to reflect our determination that certain factoring arrangements did not qualify as loans. See Note 1 (Summary of Significant Accounting Policies) for more information. (3) Our consolidated assets at December 31, 2014 and December 31, 2013, include the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs: Cash and due from banks, $117 million and $165 million; Trading assets, $0 million and $162 million; Investment securities, $875 million and $1.4 billion; Mortgages held for sale, $0 million and $38 million; Net loans, $4.5 billion and $6.1 billion; Other assets, $316 million and $347 million, and Total assets, $5.8 billion and $8.1 billion, respectively. (4) Our consolidated liabilities at December 31, 2014 and December 31, 2013, include the following VIE liabilities for which the VIE creditors do not have recourse to Wells Fargo: Short-term borrowings, $0 million and $29 million; Accrued expenses and other liabilities, $49 million and $90 million; Long-term debt, $1.6 billion and $2.3 billion; and Total liabilities, $1.7 billion and $2.4 billion, respectively.
The accompanying notes are an integral part of these statements.
133
31

Wells Fargo & Company and Subsidiaries
Consolidated Statement of Income
Year ended December 31, 
(in millions, except per share amounts) 2014 2013 2012
Interest income
Trading assets $ 1,685 1,376 1,358
Investment securities 8,438 8,116 8,098
Mortgages held for sale 767 1,290 1,825
Loans held for sale 78 13 41
Loans 35,652 35,571 36,482
Other interest income 932 723 587
Total interest income 47,552 47,089 48,391
Interest expense
Deposits 1,096 1,337 1,727
Short-term borrowings 59 60 79
Long-term debt 2,488 2,585 3,110
Other interest expense 382 307 245
Total interest expense 4,025 4,289 5,161
Net interest income 43,527 42,800 43,230
Provision for credit losses 1,395 2,309 7,217
Net interest income after provision for credit losses 42,132 40,491 36,013
Noninterest income
Service charges on deposit accounts 5,050 5,023 4,683
Trust and investment fees 14,280 13,430 11,890
Card fees 3,431 3,191 2,838
Other fees 4,349 4,340 4,519
Mortgage banking 6,381 8,774 11,638
Insurance 1,655 1,814 1,850
Net gains from trading activities 1,161 1,623 1,707
Net gains (losses) on debt securities (1) 593 (29) (128)
Net gains from equity investments (2) 2,380 1,472 1,485
Lease income 526 663 567
Other 1,014 679 1,807
Total noninterest income 40,820 40,980 42,856
Noninterest expense
Salaries 15,375 15,152 14,689
Commission and incentive compensation 9,970 9,951 9,504
Employee benefits 4,597 5,033 4,611
Equipment 1,973 1,984 2,068
Net occupancy 2,925 2,895 2,857
Core deposit and other intangibles 1,370 1,504 1,674
FDIC and other deposit assessments 928 961 1,356
Other 11,899 11,362 13,639
Total noninterest expense 49,037 48,842 50,398
Income before income tax expense 33,915 32,629 28,471
Income tax expense 10,307 10,405 9,103
Net income before noncontrolling interests 23,608 22,224 19,368
Less: Net income from noncontrolling interests 551 346 471
Wells Fargo net income $ 23,057 21,878 18,897
Less: Preferred stock dividends and other 1,236 989 898
Wells Fargo net income applicable to common stock $ 21,821 20,889 17,999
Per share information
Earnings per common share $ 4.17 3.95 3.40
Diluted earnings per common share 4.10 3.89 3.36
Dividends declared per common share 1.35 1.15 0.88
Average common shares outstanding 5,237.2 5,287.3 5,287.6
Diluted average common shares outstanding 5,324.4 5,371.2 5,351.5
(1) Total other-than-temporary impairment (OTTI) losses were $18 million, $39 million and $3 million for the year ended December 31, 2014, 2013 and 2012, respectively. Of total OTTI, losses of $49 million, $158 million and $240 million were recognized in earnings, and reversal of losses of $(31) million, $(119) million and $(237) million were recognized as non-credit-related OTTI in other comprehensive income for the year ended December 31, 2014, 2013 and 2012, respectively. (2) Includes OTTI losses of $273 million, $186 million and $176 million for the year ended December 31, 2014, 2013 and 2012, respectively.
The accompanying notes are an integral part of these statements.
131
32
U.S. Bancorp
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received
Services
PacifiCorp Provided
Services

Banking services $ 815,272 $ -

Total $ 815,272 $ -

Basis of pricing (a) N/A Cost of service (a) N/A The margin of charges over costs (a) N/A
Assets allocable to the services (a) N/A
The overall rate of return on assets (a) N/A

(a) U.S. Bancorp provides banking services to PacifiCorp in the normal course of business at standard pricing for certain transactions and at negotiated rates below standard pricing for certain other transactions.
For further information on the following financial statements, refer to U.S. Bancorp’s Form 10-K for the year ended December 31, 2014 (File No. 1-6880) at www.sec.gov.
33
U.S. Bancorp
Consolidated Balance Sheet
At December 31 (Dollars in Millions)2014 2013
Assets
Cash and due from banks ..........................................................................................$ 10,654 $ 8,477
Investment securities
Held-to-maturity (fair value $45,140 and $38,368, respectively; including $526 and $994 at fair value pledged
as collateral, respectively)(a)..................................................................................44,974 38,920
Available-for-sale ($330 and $1,106 pledged as collateral, respectively)(a).......................................56,069 40,935
Loans held for sale (including $4,774 and $3,263 of mortgage loans carried at fair value, respectively)............4,792 3,268
Loans
Commercial .....................................................................................................80,377 70,033
Commercial real estate .........................................................................................42,795 39,885
Residential mortgages ..........................................................................................51,619 51,156
Credit card ......................................................................................................18,515 18,021
Other retail ......................................................................................................49,264 47,678
Total loans, excluding covered loans..........................................................................242,570 226,773
Covered loans ...................................................................................................5,281 8,462
Total loans ....................................................................................................247,851 235,235
Less allowance for loan losses .............................................................................(4,039) (4,250)
Net loans ..................................................................................................243,812 230,985
Premises and equipment ..........................................................................................2,618 2,606
Goodwill ...........................................................................................................9,389 9,205
Other intangible assets ............................................................................................3,162 3,529
Other assets (including $157 and $111 of trading securities at fair value pledged as collateral, respectively)(a).....27,059 26,096
Total assets...................................................................................................$402,529 $364,021
Liabilities and Shareholders’ Equity
Deposits
Noninterest-bearing.............................................................................................$ 77,323 $ 76,941
Interest-bearing .................................................................................................177,452 156,165
Time deposits greater than $100,000(b)..........................................................................27,958 29,017
Total deposits.................................................................................................282,733 262,123
Short-term borrowings ............................................................................................29,893 27,608
Long-term debt ....................................................................................................32,260 20,049
Other liabilities.....................................................................................................13,475 12,434
Total liabilities ................................................................................................358,361 322,214
Shareholders’ equity
Preferred stock..................................................................................................4,756 4,756
Common stock, par value $0.01 a share — authorized: 4,000,000,000 shares; issued: 2014 and
2013 — 2,125,725,742 shares .................................................................................21 21
Capital surplus ..................................................................................................8,313 8,216
Retained earnings ...............................................................................................42,530 38,667
Less cost of common stock in treasury: 2014 — 339,859,034 shares; 2013 — 300,977,274 shares................(11,245) (9,476)
Accumulated other comprehensive income (loss)...............................................................(896) (1,071)
Total U.S. Bancorp shareholders’ equity ......................................................................43,479 41,113
Noncontrolling interests.........................................................................................689 694
Total equity ...................................................................................................44,168 41,807
Total liabilities and equity .....................................................................................$402,529 $364,021
(a) Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.
(b) Includes domestic time deposit balances greater than $250,000 of $5.0 billion and $3.1 billion at December 31, 2014 and 2013, respectively.
See Notes to Consolidated Financial Statements.
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34
U.S. Bancorp
Consolidated Statement of Income
Year Ended December 31 (Dollars and Shares in Millions, Except Per Share Data)2014 2013 2012
Interest Income
Loans .................................................................................................$10,113 $10,277 $10,558
Loans held for sale ...................................................................................128 203 282
Investment securities .................................................................................1,866 1,631 1,792
Other interest income.................................................................................121 174 251
Total interest income ............................................................................12,228 12,285 12,883
Interest Expense
Deposits ..............................................................................................465 561 691
Short-term borrowings ...............................................................................263 353 442
Long-term debt .......................................................................................725 767 1,005
Total interest expense ...........................................................................1,453 1,681 2,138
Net interest income...................................................................................10,775 10,604 10,745
Provision for credit losses ............................................................................1,229 1,340 1,882
Net interest income after provision for credit losses ..................................................9,546 9,264 8,863
Noninterest Income
Credit and debit card revenue.........................................................................1,021 965 892
Corporate payment products revenue .................................................................724 706 744
Merchant processing services ........................................................................1,511 1,458 1,395
ATM processing services .............................................................................321 327 346
Trust and investment management fees ..............................................................1,252 1,139 1,055
Deposit service charges ..............................................................................693 670 653
Treasury management fees ...........................................................................545 538 541
Commercial products revenue ........................................................................854 859 878
Mortgage banking revenue............................................................................1,009 1,356 1,937
Investment products fees .............................................................................191 178 150
Securities gains (losses), net
Realized gains (losses), net ........................................................................11 23 59
Total other-than-temporary impairment ...........................................................(7)(6) (62)
Portion of other-than-temporary impairment recognized in other comprehensive income .........(1)(8) (12)
Total securities gains (losses), net...............................................................3 9 (15)
Other .................................................................................................1,040 569 743
Total noninterest income ........................................................................9,164 8,774 9,319
Noninterest Expense
Compensation ........................................................................................4,523 4,371 4,320
Employee benefits ....................................................................................1,041 1,140 945
Net occupancy and equipment ........................................................................987 949 917
Professional services .................................................................................414 381 530
Marketing and business development.................................................................382 357 388
Technology and communications .....................................................................863 848 821
Postage, printing and supplies ........................................................................328 310 304
Other intangibles .....................................................................................199 223 274
Other .................................................................................................1,978 1,695 1,957
Total noninterest expense .......................................................................10,715 10,274 10,456
Income before income taxes ..........................................................................7,995 7,764 7,726
Applicable income taxes ..............................................................................2,087 2,032 2,236
Net income ...........................................................................................5,908 5,732 5,490
Net (income) loss attributable to noncontrolling interests ............................................(57) 104 157
Net income attributable to U.S. Bancorp ..............................................................$ 5,851 $ 5,836 $ 5,647
Net income applicable to U.S. Bancorp common shareholders .......................................$ 5,583 $ 5,552 $ 5,383
Earnings per common share..........................................................................$ 3.10 $ 3.02 $ 2.85
Diluted earnings per common share ..................................................................$ 3.08 $ 3.00 $ 2.84
Dividends declared per common share ...............................................................$ .965 $ .885 $ .780
Average common shares outstanding .................................................................1,803 1,839 1,887
Average diluted common shares outstanding .........................................................1,813 1,849 1,896
See Notes to Consolidated Financial Statements.
82
35

Moody’s Investors Service
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Rating agency fees $ 418,171 $ -

Total $ 418,171 $ -

Basis of pricing (a) N/A
Cost of service (a) N/A The margin of charges over costs (a) N/A Assets allocable to the services (a) N/A
The overall rate of return on assets (a) N/A

(a) Moody’s Investors Service provides services to PacifiCorp in the normal course of business at standard pricing. Moody’s Investors Service is not a public company, and its financial statements are not available. The financial statements of its parent company, Moody’s Corporation, are included. For further information on the following financial statements, refer to Moody’s Corporation’s Form 10-K for the year ended December 31, 2014 (File No. 1-14037) at www.sec.gov.

36
MOODY’S CORPORATION
CONSOLIDATED BALANCE SHEETS
(amounts in millions, except share and per share data)
December 31,
2014 2013
ASSETS
Current assets:
Cash and cash equivalents $ 1,219.5 $ 1,919.5
Short-term investments 458.1 186.8
Accounts receivable, net of allowances of $29.4 in 2014 and $28.9 in 2013 792.4 694.2
Deferred tax assets, net 43.9 53.9
Other current assets 172.5 114.4
Total current assets 2,686.4 2,968.8
Property and equipment, net 302.3 278.7
Goodwill 1,021.1 665.2
Intangible assets, net 345.5 221.6
Deferred tax assets, net 167.8 148.7
Other assets 145.9 112.1
Total assets $ 4,669.0 $ 4,395.1
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities $ 557.6 $ 538.9
Deferred tax liabilities, net 17.5 4.0
Deferred revenue 624.6 598.4
Total current liabilities 1,199.7 1,141.3
Non-current portion of deferred revenue 132.2 109.2
Long-term debt 2,547.3 2,101.8
Deferred tax liabilities, net 95.7 59.1
Unrecognized tax benefits 220.3 195.6
Other liabilities 430.9 360.2
Total liabilities 4,626.1 3,967.2
Contingencies (Note 18)
Redeemable noncontrolling interest —80.0
Shareholders’ equity:
Preferred stock, par value $.01 per share; 10,000,000 shares authorized; no shares issued and
outstanding ——
Series common stock, par value $.01 per share; 10,000,000 shares authorized; no shares issued
and outstanding ——
Common stock, par value $.01 per share; 1,000,000,000 shares authorized; 342,902,272 shares
issued at December 31, 2014 and December 31, 2013, respectively.3.4 3.4
Capital surplus 383.9 405.8
Retained earnings 6,044.3 5,302.1
Treasury stock, at cost; 138,539,128 and 128,941,621 shares of common stock at December 31,
2014 and December 31, 2013, respectively (6,384.2)(5,319.7)
Accumulated other comprehensive loss (235.2)(54.6)
Total Moody’s shareholders’ (deficit) equity (187.8)337.0
Noncontrolling interests 230.7 10.9
Total shareholders’ equity 42.9 347.9
Total liabilities, redeemable noncontrolling interest and shareholders’ equity $ 4,669.0 $ 4,395.1
The accompanying notes are an integral part of the consolidated financial statements.
MOODY’S 2014 10K 6137
MOODY’S CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(amounts in millions, except per share data)
Year Ended December 31,
2014 2013 2012
Revenue $ 3,334.3 $ 2,972.5 $ 2,730.3
Expenses
Operating 930.3 822.4 795.0
Selling, general and administrative 869.3 822.1 752.2
Goodwill impairment charge ——12.2
Depreciation and amortization 95.6 93.4 93.5
Total expenses 1,895.2 1,737.9 1,652.9
Operating income 1,439.1 1,234.6 1,077.4
Interest income (expense), net (116.8)(91.8) (63.8)
Other non-operating income (expense), net 35.9 26.5 10.4
ICRA Gain 102.8 — —
Non-operating income (expense), net 21.9 (65.3) (53.4)
Income before provision for income taxes 1,461.0 1,169.3 1,024.0
Provision for income taxes 455.0 353.4 324.3
Net income 1,006.0 815.9 699.7
Less: Net income attributable to noncontrolling interests 17.3 11.4 9.7
Net income attributable to Moody’s $ 988.7 $ 804.5 $ 690.0
Earnings per share
Basic $ 4.69 $ 3.67 $ 3.09
Diluted $ 4.61 $ 3.60 $ 3.05
Weighted average shares outstanding
Basic 210.7 219.4 223.2
Diluted 214.7 223.5 226.6
The accompanying notes are an integral part of the consolidated financial statements.
MOODY’S 2014 10K 5938
International Business Machines Corporation
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Computer hardware and software and computer systems
consulting and maintenance services $ 2,112,921 $ -

Total $ 2,112,921 $ -

Basis of pricing (a) N/A
Cost of service (a) N/A
The margin of charges over costs (a) N/A
Assets allocable to the services (a) N/A
The overall rate of return on assets (a) N/A
(a) International Business Machines Corporation provides services to PacifiCorp in the normal course of business at standard pricing.
For further information on the following financial statements, refer to International Business Machines Corporation’s
Form 10-K for the year ended December 31, 2014 (File No. 1-2360) at www.sec.gov.

39
82 Consolidated Statement of Financial Position
International Business Machines Corporation and Subsidiary Companies
($ in millions except per share amounts)
At December 31:Notes 2014 2013
Assets
Current assets
Cash and cash equivalents $ 8,476 $ 10,716
Marketable securities D 0 350
Notes and accounts receivable—trade (net of allowances of $336 in 2014 and $291 in 2013)9,090 10,465
Short-term financing receivables (net of allowances of $452 in 2014 and $308 in 2013)F 19,835 19,787
Other accounts receivable (net of allowances of $40 in 2014 and $36 in 2013)2,906 1,584
Inventories E 2,103 2,310
Deferred taxes N 2,044 1,651
Prepaid expenses and other current assets 4,967 4,488
Total current assets 49,422 51,350
Property, plant and equipment G 39,034 40,475
Less: Accumulated depreciation G 28,263 26,654
Property, plant and equipment—net G 10,771 13,821
Long-term financing receivables (net of allowances of $126 in 2014 and $80 in 2013)F 11,109 12,755
Prepaid pension assets S 2,160 5,551
Deferred taxes N 4,808 3,051
Goodwill I 30,556 31,184
Intangible assets—net I 3,104 3,871
Investments and sundry assets H 5,603 4,639
Total assets $ 117,532 $ 126,223
Liabilities and equity
Current liabilities
Taxes N $ 5,084 $ 4,633
Short-term debt D&J 5,731 6,862
Accounts payable 6,864 7,461
Compensation and benefits 4,031 3,893
Deferred income 11,877 12,557
Other accrued expenses and liabilities 6,013 4,748
Total current liabilities 39,600 40,154
Long-term debt D&J 35,073 32,856
Retirement and nonpension postretirement benefit obligations S 18,261 16,242
Deferred income 3,691 4,108
Other liabilities K 8,892 9,934
Total liabilities 105,518 103,294
Contingencies and commitments M
Equity L
IBM stockholders’ equity
Common stock, par value $.20 per share, and additional paid-in capital 52,666 51,594
Shares authorized: 4,687,500,000
Shares issued (2014—2,215,209,574; 2013—2,207,522,548)
Retained earnings 137,793 130,042
Treasury stock, at cost (shares: 2014—1,224,685,815; 2013—1,153,131,611)(150,715)(137,242)
Accumulated other comprehensive income/(loss)(27,875)(21,602)
Total IBM stockholders’ equity 11,868 22,792
Noncontrolling interests A 146 137
Total equity 12,014 22,929
Total liabilities and equity $ 117,532 $ 126,223
Amounts may not add due to rounding.
The accompanying notes on pages 86 through 150 are an integral part of the financial statements.
40
80 Consolidated Statement of Earnings
International Business Machines Corporation and Subsidiary Companies
($ in millions except per share amounts)
For the year ended December 31:Notes 2014 2013*2012*
Revenue
Services $55,673 $57,655 $ 59,453
Sales 35,063 38,666 41,381
Financing 2,057 2,047 2,040
Total revenue T 92,793 98,367 102,874
Cost
Services 36,034 37,564 39,166
Sales 9,312 11,009 12,260
Financing 1,040 1,110 1,087
Total cost 46,386 49,683 52,513
Gross profit 46,407 48,684 50,361
Expense and other (income)
Selling, general and administrative 23,180 23,451 23,463
Research, development and engineering O 5,437 5,743 5,816
Intellectual property and custom development income (742)(822) (1,074)
Other (income) and expense (1,938)(333) (843)
Interest expense D&J 484 402 459
Total expense and other (income)26,421 28,440 27,821
Income from continuing operations before income taxes 19,986 20,244 22,540
Provision for income taxes N 4,234 3,363 5,541
Income from continuing operations 15,751 16,881 16,999
Loss from discontinued operations, net of tax C (3,729)(398) (395)
Net income $12,022 $16,483 $ 16,604
Earnings/(loss) per share of common stock
Assuming dilution
Continuing operations P $ 15.59 $ 15.30 $ 14.71
Discontinued operations P (3.69)(0.36) (0.34)
Total P $ 11.90 $ 14.94 $ 14.37
Basic
Continuing operations P $ 15.68 $ 15.42 $ 14.88
Discontinued operations P (3.71)(0.36) (0.35)
Total P $ 11.97 $ 15.06 $ 14.53
Weighted-average number of common shares outstanding
Assuming dilution 1,010,000,480 1,103,042,156 1,155,449,317
Basic 1,004,272,584 1,094,486,604 1,142,508,521
* Reclassified to reflect discontinued operations presentation.
Amounts may not add due to rounding.
The accompanying notes on pages 86 through 150 are an integral part of the financial statements.
41
Cable One, Inc.
Affiliated Transactions
For the Period from January 1, 2014 to June 30, 2014 (a)

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Internet services $ 108 $ -
Joint use services - 13,417

Total $ 108 $ 13,417

Basis of pricing (b) (c)
Cost of service (b) (c)
The margin of charges over costs (b) (c)
Assets allocable to the services (b) (c)
The overall rate of return on assets (b) (c)
(a) Cable One, Inc. (“Cable ONE”) is a wholly owned subsidiary of Graham Holdings Company (“Graham Holdings”). On June 30, 2014, Berkshire Hathaway Inc.’s ownership in Graham Holdings decreased to less than five percent. Accordingly, this report reflects transactions between PacifiCorp and Cable ONE that occurred between January 1, 2014 and June 30, 2014.
(b) Cable ONE provided services to PacifiCorp in the normal course of business at standard pricing. (c) Amount includes $13,087 of pole attachment rental fees priced in accordance with a formula approved by the Federal Communications Commission, $238 of inspection fees priced at a standard flat fee, and $92 of pole work priced at actual costs incurred by PacifiCorp.
Cable One, Inc. is not a public company, and its financial statements are not available. The financial statements for its
parent company, Graham Holdings Company, are included. For further information on the following financial statements, refer to Graham Holdings Company’s Form 10-K for the year ended December 31, 2014 (File No. 1-6714) at
www.sec.gov.
42
GRAHAM HOLDINGS COMPANY
CONSOLIDATED BALANCE SHEETS
As of December 31
(In thousands, except share amounts)2014 2013
Assets
Current Assets
Cash and cash equivalents $ 772,751 $ 569,719
Restricted cash 24,898 83,769
Investments in marketable equity securities and other investments 226,752 522,318
Accounts receivable, net 571,357 428,653
Income taxes receivable — 17,991
Deferred income taxes 934 —
Inventories and contracts in progress 11,309 2,924
Other current assets 81,462 77,013
Current assets of discontinued operations (includes $1,235 of cash)1,240 —
Total Current Assets 1,690,703 1,702,387
Property, Plant and Equipment, Net 860,829 927,542
Investments in Affiliates 19,811 15,754
Goodwill, Net 1,348,710 1,288,622
Indefinite-Lived Intangible Assets, Net 516,753 541,278
Amortized Intangible Assets, Net 96,947 39,588
Prepaid Pension Cost 1,152,488 1,245,505
Deferred Charges and Other Assets 65,258 50,370
Noncurrent assets of discontinued operations 820 —
Total Assets $ 5,752,319 $ 5,811,046
Liabilities and Equity
Current Liabilities
Accounts payable and accrued liabilities $ 464,342 $ 505,699
Income taxes payable 128,895 —
Deferred income taxes — 58,411
Deferred revenue 410,146 366,831
Short-term borrowings 46,375 3,168
Current liabilities of discontinued operations 1,034 —
Total Current Liabilities 1,050,792 934,109
Postretirement Benefits Other Than Pensions 37,962 36,219
Accrued Compensation and Related Benefits 244,082 211,526
Other Liabilities 91,789 86,000
Deferred Income Taxes 754,960 778,735
Long-Term Debt 399,545 447,608
Total Liabilities 2,579,130 2,494,197
Commitments and Contingencies (Notes 17 and 18)
Redeemable Noncontrolling Interest 21,904 5,896
Redeemable Preferred Stock, Series A, $1 par value, with a redemption and liquidation value of $1,000 per share; 23,000 shares
authorized; 10,510 and 10,665 shares issued and outstanding 10,510 10,665
Preferred Stock, $1 par value; 977,000 shares authorized, none issued — —
Common Stockholders’ Equity
Common stock
Class A Common stock, $1 par value; 7,000,000 shares authorized; 974,823 and 1,169,073 shares issued and outstanding 975 1,169
Class B Common stock, $1 par value; 40,000,000 shares authorized; 19,025,177 and 18,830,927 shares issued; 4,823,966 and
6,218,051 shares outstanding 19,025 18,831
Capital in excess of par value 303,789 288,129
Retained earnings 6,008,506 4,782,777
Accumulated other comprehensive income, net of taxes
Cumulative foreign currency translation adjustment 8,548 25,013
Unrealized gain on available-for-sale securities 52,130 173,663
Unrealized gain on pensions and other postretirement plans 392,910 501,446
Cash flow hedge (108) (628)
43
Cost of 14,201,211 and 12,612,876 shares of Class B common stock held in treasury (3,645,476) (2,490,333)
Total Common Stockholders’ Equity 3,140,299 3,300,067
Noncontrolling interests 476 221
Total Equity 3,140,775 3,300,288
Total Liabilities and Equity $ 5,752,319 $ 5,811,046
See accompanying Notes to Consolidated Financial Statements.
64
44
GRAHAM HOLDINGS COMPANY
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended December 31
(in thousands, except per share amounts)2014 2013 2012
Operating Revenues
Education $ 2,160,417 $ 2,163,734 $ 2,184,532
Subscriber 746,047 755,662 732,370
Advertising 343,576 310,261 337,621
Other 285,126 178,254 118,063
3,535,166 3,407,911 3,372,586
Operating Costs and Expenses
Operating 1,562,360 1,532,497 1,535,237
Selling, general and administrative 1,325,558 1,311,501 1,317,494
Depreciation of property, plant and equipment 203,646 229,355 240,139
Amortization of intangible assets 18,368 12,139 19,510
Impairment of goodwill and other long-lived assets 17,302 3,250 111,593
3,127,234 3,088,742 3,223,973
Income from Operations 407,932 319,169 148,613
Equity in earnings of affiliates, net 100,370 13,215 14,086
Interest income 2,136 2,264 3,393
Interest expense (36,586) (36,067) (35,944)
Other income (expense), net 853,259 (23,751) (5,456)
Income from Continuing Operations Before Income Taxes 1,327,111 274,830 124,692
Provision for Income Taxes 406,100 101,500 73,400
Income from Continuing Operations 921,011 173,330 51,292
Income from Discontinued Operations, Net of Tax 372,249 64,015 80,895
Net Income 1,293,260 237,345 132,187
Net Loss (Income) Attributable to Noncontrolling Interests 583 (480) (74)
Net Income Attributable to Graham Holdings Company 1,293,843 236,865 132,113
Redeemable Preferred Stock Dividends (847) (855) (895)
Net Income Attributable to Graham Holdings Company Common Stockholders $ 1,292,996 $ 236,010 $ 131,218
Amounts Attributable to Graham Holdings Company Common Stockholders
Income from continuing operations $ 920,747 $ 171,995 $ 50,323
Income from discontinued operations, net of tax 372,249 64,015 80,895
Net income attributable to Graham Holdings Company common stockholders $ 1,292,996 $ 236,010 $ 131,218
Per Share Information Attributable to Graham Holdings Company Common Stockholders
Basic income per common share from continuing operations $ 139.44 $ 23.39 $ 6.40
Basic income per common share from discontinued operations 56.37 8.71 10.99
Basic net income per common share $ 195.81 $ 32.10 $ 17.39
Basic average number of common shares outstanding 6,470 7,238 7,360
Diluted income per common share from continuing operations $ 138.88 $ 23.36 $ 6.40
Diluted income per common share from discontinued operations 56.15 8.69 10.99
Diluted net income per common share $ 195.03 $ 32.05 $ 17.39
Diluted average number of common shares outstanding 6,559 7,333 7,404
See accompanying Notes to Consolidated Financial Statements.
62
45
Forney Corporation
Affiliated Transactions
For the Period from January 1, 2014 to June 30, 2014 (a)

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Equipment parts $ 28,724 $ -

Total $ 28,724 $ -

Basis of pricing (b) N/A
Cost of service (b) N/A
The margin of charges over costs (b) N/A
Assets allocable to the services (b) N/A
The overall rate of return on assets (b) N/A
(a) Forney Corporation (“Forney”) is a wholly owned subsidiary of Graham Holdings Company (“Graham Holdings”). On June 30, 2014, Berkshire Hathaway Inc.’s ownership in Graham Holdings decreased to less than five percent. Accordingly, this report reflects transactions
between PacifiCorp and Forney that occurred between January 1, 2014 and June 30, 2014. (b) Transactions with Forney are provided to PacifiCorp in the normal course of business at standard pricing.
Forney Corporation is not a public company, and its financial statements are not available. The financial statements for its parent company, Graham Holdings Company, are included behind the transaction page of Cable One, Inc. For further
information on those financial statements, refer to Graham Holdings Company’s Form 10-K for the year ended December 31, 2014 (File No. 1-6714) at www.sec.gov.

46
American Express Travel Related Services Company, Inc.
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Travel arrangement services $ 57,746 $ -

Total $ 57,746 $ -

Basis of pricing (a) N/A
Cost of service (a) N/A
The margin of charges over costs (a) N/A
Assets allocable to the services (a) N/A
The overall rate of return on assets (a) N/A
(a) American Express Travel Related Services Company, Inc. provides services to PacifiCorp in the normal course of business at standard pricing.
American Express Travel Related Services Company, Inc. is not a public company, and its financial statements are not available. The financial statements for its parent company, American Express Company, are included. For further
information on the following financial statements, refer to American Express Company’s Form 10-K for the year ended December 31, 2014 (File No. 1-7657) at www.sec.gov.

47
AMERICAN EXPRESS COMPANY
CONSOLIDATED BALANCE SHEETS
December 31(Millions, except per share data)2014 2013
Assets
Cash and cash equivalents
Cash and due from banks $ 2,628 $ 2,212
Interest-bearing deposits in other banks (includes securities purchased under resale agreements: 2014, $204; 2013, $143)19,190 16,776
Short-term investment securities 470 498
Total cash and cash equivalents 22,288 19,486
Accounts receivable
Card Member receivables (includes gross receivables available to settle obligations of a consolidated variable interest
entity: 2014, $7,025; 2013, $7,329 less reserves: 2014, $465; 2013, $386 44,386 43,777
Other receivables, less reserves: 2014, $61; 2013, $71 2,614 3,408
Loans
Card Member loans (includes gross loans available to settle obligations of a consolidated variable interest entity: 2014,
$30,115; 2013, $31,245), less reserves: 2014, $1,201; 2013, $1,261 69,184 65,977
Other loans, less reserves: 2014, $12; 2013, $13 920 608
Investment securities 4,431 5,016
Premises and equipment, less accumulated depreciation and amortization: 2014, $6,270; 2013, $5,978 3,938 3,875
Other assets (includes restricted cash of consolidated variable interest entities: 2014, $64; 2013, $58)11,342 11,228
Total assets $ 159,103 $ 153,375
Liabilities and Shareholders’ Equity
Liabilities
Customer deposits $ 44,171 $ 41,763
Travelers Cheques and other prepaid products 3,673 4,240
Accounts payable 11,300 10,615
Short-term borrowings (includes debt issued by consolidated variable interest entities: 2014, nil; 2013, $2,000)3,480 5,021
Long-term debt (includes debt issued by consolidated variable interest entities: 2014, $19,516; 2013, $18,690)57,955 55,330
Other liabilities 17,851 16,910
Total liabilities $ 138,430 $ 133,879
Commitments and Contingencies (Note 13)
Shareholders’ Equity
Preferred shares, $1.662/3 par value, authorized 20 million shares; issued and outstanding 750 shares as of December 31,
2014 and nil as of December 31, 2013 (Note 17)——
Common shares, $0.20 par value, authorized 3.6 billion shares;issued and outstanding 1,023 million shares as of December
31, 2014 and 1,064 million shares as of December 31, 2013 205 213
Additional paid-in capital 12,874 12,202
Retained earnings 9,513 8,507
Accumulated other comprehensive income (loss)
Net unrealized securities gains, net of tax of: 2014, $52; 2013, $33 96 63
Foreign currency translation adjustments,net of tax of: 2014, $(317); 2013, $(526)(1,499)(1,090)
Net unrealized pension and other postretirement benefit losses, net of tax of: 2014, $(223); 2013, $(177)(516)(399)
Total accumulated other comprehensive loss (1,919)(1,426)
Total shareholders’ equity 20,673 19,496
Total liabilities and shareholders’ equity $ 159,103 $ 153,375
See Notes to Consolidated Financial Statements.
72
48
AMERICAN EXPRESS COMPANY
CONSOLIDATED STATEMENTS OF INCOME
Years Ended December 31 (Millions, except per share amounts)2014 2013 2012
Revenues
Non-interest revenues
Discount revenue $ 19,493 $ 18,695 $ 17,739
Net card fees 2,712 2,631 2,506
Travel commissions and fees 1,118 1,913 1,940
Other commissions and fees 2,508 2,414 2,317
Other 2,989 2,274 2,425
Total non-interest revenues 28,820 27,927 26,927
Interest income
Interest on loans 6,929 6,718 6,511
Interest and dividends on investment securities 179 201 246
Deposits with banks and other 71 86 97
Total interest income 7,179 7,005 6,854
Interest expense
Deposits 373 442 480
Long-term debt and other 1,334 1,516 1,746
Total interest expense 1,707 1,958 2,226
Net interest income 5,472 5,047 4,628
Total revenues net of interest expense 34,292 32,974 31,555
Provisions for losses
Charge card 792 648 601
Card member loans 1,138 1,115 1,030
Other 114 69 81
Total provisions for losses 2,044 1,832 1,712
Total revenues net of interest expense after provisions for losses 32,248 31,142 29,843
Expenses
Marketing, promotion, rewards and Card Member services 11,073 10,267 9,944
Salaries and employee benefits 6,095 6,191 6,597
Other, net 6,089 6,796 6,851
Total expenses 23,257 23,254 23,392
Pretax income 8,991 7,888 6,451
Income tax provision 3,106 2,529 1,969
Net income $ 5,885 $ 5,359 $ 4,482
Earnings per Common Share – (Note 22)
Basic(a)$ 5.58 $ 4.91 $ 3.91
Diluted 5.56 4.88 3.89
Average common shares outstanding for earnings per common share:
Basic 1,045 1,082 1,135
Diluted 1,051 1,089 1,141
(a) Represents net income less earnings allocated to participating share awards of $46 million,$47 million and $49 million for the years ended December 31, 2014,
2013 and 2012, respectively.
See Notes to Consolidated Financial Statements.
70
49
DIRECTV
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Television programming $ 3,893 $ -

Total $ 3,893 $ -

Basis of pricing (a) N/A
Cost of service (a) N/A
The margin of charges over costs (a) N/A
Assets allocable to the services (a) N/A
The overall rate of return on assets (a) N/A
(a) DIRECTV provides services to PacifiCorp in the normal course of business at standard pricing.
For further information on the following financial statements, refer to DIRECTV’s Form 10-K for the year ended December 31, 2014 (File No. 1-34554) at www.sec.gov.
50
DIRECTV
CONSOLIDATED BALANCE SHEETS
December 31,
2014 2013
(Dollars in Millions,
Except Share Data)
ASSETS
Current assets
Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,635 $ 2,180
Accounts receivable, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2,800 2,547
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 299 283
Deferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68 140
Prepaid expenses and other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1,017 803
Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8,819 5,953
Satellites, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3,040 2,467
Property and equipment, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6,721 6,650
Goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3,929 3,970
Intangible assets, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 994 920
Investments and other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1,956 1,945
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$25,459 $21,905
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Accounts payable and accrued liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,048 $ 4,685
Unearned subscriber revenues and deferred credits . . . . . . . . . . . . . . . . . . . . . . . . . . 584 589
Current debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1,327 1,256
Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6,959 6,530
Long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19,485 18,284
Deferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1,726 1,804
Other liabilities and deferred credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2,117 1,456
Commitments and contingencies
Redeemable noncontrolling interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 375
Stockholders’ deficit
Common stock and additional paid-in capital—$0.01 par value, 3,950,000,000 shares
authorized, 502,733,342 and 519,306,232 shares issued and outstanding of
DIRECTV common stock at December 31, 2014 and December 31, 2013,
respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3,613 3,652
Accumulated deficit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(8,408) (9,874)
Accumulated other comprehensive loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(418) (322)
Total DIRECTV stockholders’ deficit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(5,213) (6,544)
Noncontrolling interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 385 —
Total stockholders’ deficit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(4,828) (6,544)
Total liabilities and stockholders’ deficit . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$25,459 $21,905
The accompanying notes are an integral part of these Consolidated Financial Statements.
78
51
DIRECTV
CONSOLIDATED STATEMENTS OF OPERATIONS
Years Ended December 31,
2014 2013 2012
(Dollars in Millions, Except Per
Share Amounts)
Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$33,260 $31,754 $29,740
Operating costs and expenses
Costs of revenues, exclusive of depreciation and amortization expense
Broadcast programming and other . . . . . . . . . . . . . . . . . . . . . . . . . . . .14,930 13,991 13,028
Subscriber service expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2,320 2,242 2,137
Broadcast operations expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 430 409 414
Selling, general and administrative expenses, exclusive of depreciation and
amortization expense
Subscriber acquisition costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3,659 3,419 3,397
Upgrade and retention costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1,456 1,547 1,427
General and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . .2,113 2,002 1,815
Venezuelan currency devaluation charge . . . . . . . . . . . . . . . . . . . . . . . . 281 166 —
Depreciation and amortization expense . . . . . . . . . . . . . . . . . . . . . . . . . .2,943 2,828 2,437
Total operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . .28,132 26,604 24,655
Operating profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5,128 5,150 5,085
Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68 72 59
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(898) (840) (842)
Other, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150 106 140
Income before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4,448 4,488 4,442
Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(1,673) (1,603) (1,465)
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2,775 2,885 2,977
Less: Net income attributable to noncontrolling interest . . . . . . . . . . . . . . . . . (19)(26) (28)
Net income attributable to DIRECTV . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,756 $ 2,859 $ 2,949
Basic earnings attributable to DIRECTV per common share . . . . . . . . . . . . . . $5.46 $ 5.22 $ 4.62
Diluted earnings attributable to DIRECTV per common share . . . . . . . . . . . . $5.40 $ 5.17 $ 4.58
Weighted average number of common shares outstanding (in millions):
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 505 548 638
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 510 553 644
The accompanying notes are an integral part of these Consolidated Financial Statements.
76
52
Symetra Life Insurance Company
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received
Services
PacifiCorp Provided
Services

N/A $ - $ -

Total $ - $ -

Basis of pricing (a) N/A
Cost of service (a) N/A
The margin of charges over costs (a) N/A
Assets allocable to the services (a) N/A
The overall rate of return on assets (a) N/A

(a) Symetra Life Insurance Company provides services to Energy West Mining Company in the normal course of business at standard pricing. Excluded from the table is premium expense for an excess loss insurance policy charged by Symetra Life Insurance
Company to Energy West Mining Company in the amount of $337,906.

Symetra Life Insurance Company is not a public company, and its financial statements are not available. The financial statements for its parent company, Symetra Financial Corporation, are included. For further information on the following
financial statements, refer to Symetra Financial Corporation’s Form 10-K for the year ended December 31, 2014 (File No. 001-33808) at www.sec.gov.

53

CONSOLIDATED BALANCE SHEETS
(In millions, except share and per share data)
As of December 31, 2014 As of December 31, 2013
ASSETS
Investments:
Available-for-sale securities:
Fixed maturities, at fair value (amortized cost: $23,646.5 and $22,261.3, respectively) ........ $ 25,379.4 $ 23,337.7
Marketable equity securities, at fair value (cost: $112.9 and $129.0, respectively) ............... 120.5 134.3
Trading securities:
Marketable equity securities, at fair value (cost: $453.4 and $403.0, respectively) ............... 532.0 474.4
Mortgage loans, net ......................................................................................................... 4,130.1 3,541.0
Policy loans .................................................................................................................... 61.9 63.3
Investments in limited partnerships (includes $71.5 and $31.2 at fair value, respectively) ....... 309.9 296.3
Other invested assets (includes $95.8 and $47.8 at fair value, respectively) ........................... 100.5 54.1
Total investments .............................................................................................................. 30,634.3 27,901.1
Cash and cash equivalents .................................................................................................. 158.8 76.0
Accrued investment income ................................................................................................ 304.9 298.0
Reinsurance recoverables ................................................................................................... 328.7 310.8
Deferred policy acquisition costs ......................................................................................... 395.1 322.5
Receivables and other assets ............................................................................................... 230.1 242.7
Separate account assets ...................................................................................................... 949.8 978.4
Total assets ............................................................................................................................ $ 33,001.7 $ 30,129.5
LIABILITIES AND STOCKHOLDERS’ EQUITY
Funds held under deposit contracts ...................................................................................... $ 26,602.6 $ 24,642.9
Future policy benefits ........................................................................................................ 415.9 397.9
Policy and contract claims .................................................................................................. 141.8 159.9
Other policyholders’ funds ................................................................................................. 115.7 128.1
Notes payable ................................................................................................................... 697.2 449.5
Deferred income tax liabilities, net ...................................................................................... 396.7 201.9
Other liabilities ................................................................................................................. 321.4 229.0
Separate account liabilities ................................................................................................. 949.8 978.4
Total liabilities ....................................................................................................................... 29,641.1 27,187.6
Commitments and contingencies (Note 14) ...............................................................................
Preferred stock, $0.01 par value; 10,000,000 shares authorized; none issued ............................ — —
Common stock, $0.01 par value; 750,000,000 shares authorized; 124,850,754 issued and 115,797,451 outstanding as of December 31, 2014; 124,683,023 issued and 117,730,757 outstanding as of December 31, 2013 ............................................................ 1.2

1.2

Additional paid-in capital ................................................................................................... 1,469.5 1,464.6
Treasury stock, at cost; 9,053,303 and 6,952,266 shares as of December 31, 2014 and 2013, respectively ................................................................................................................... (134.6 ) (93.4 )
Retained earnings .............................................................................................................. 1,033.9 975.9
Accumulated other comprehensive income, net of taxes ........................................................ 990.6 593.6
Total stockholders’ equity ....................................................................................................... 3,360.6 2,941.9
Total liabilities and stockholders’ equity ................................................................................... $ 33,001.7 $ 30,129.5
See accompanying notes.
54
CONSOLIDATED STATEMENTS OF INCOME
(In millions, except share and per share data)

For the Years Ended December 31,
2014 2013 2012
Revenues:
Premiums ........................................................................................................ $ 629.1 $ 627.2 $ 605.0
Net investment income .................................................................................... 1,320.5 1,285.0 1,275.2
Policy fees, contract charges, and other .......................................................... 190.4 191.7 189.9
Net realized gains (losses):
Total other-than-temporary impairment losses on securities............. (16.3 ) (20.8 ) (37.1 )
Less: portion recognized in other comprehensive income (loss) ...... 2.2 2.5 8.1
Net impairment losses recognized in earnings ....................................... (14.1 ) (18.3 ) (29.0 )
Other net realized gains (losses) ............................................................ 56.5 53.9 60.1
Net realized gains (losses) ............................................................................... 42.4 35.6 31.1
Total revenues ...................................................................................................... 2,182.4 2,139.5 2,101.2
Benefits and expenses:
Policyholder benefits and claims ..................................................................... 445.9 462.9 439.0
Interest credited ............................................................................................... 953.8 932.0 932.8
Other underwriting and operating expenses .................................................... 367.0 365.1 360.5
Interest expense ............................................................................................... 37.7 33.0 32.8
Amortization of deferred policy acquisition costs ........................................... 78.1 72.4 66.0
Total benefits and expenses .................................................................................. 1,882.5 1,865.4 1,831.1
Income from operations before income taxes ......................................................... 299.9 274.1 270.1
Provision (benefit) for income taxes:
Current .......................................................................................................... 64.5 61.7 15.9
Deferred ........................................................................................................ (19.0 ) (8.3 ) 48.8
Total provision for income taxes ....................................................................... 45.5 53.4 64.7
Net income ............................................................................................................. $ 254.4 $ 220.7 $ 205.4
Net income per common share:
Basic ................................................................................................................ $ 2.19 $ 1.74 $ 1.49
Diluted ............................................................................................................. $ 2.19 $ 1.74 $ 1.49
Weighted-average number of common shares outstanding:
Basic ................................................................................................................ 116,306,640 126,609,326 138,018,424
Diluted ............................................................................................................. 116,310,204 126,613,585 138,023,981
Cash dividends declared per common share ........................................................... $ 1.70 $ 0.34 $ 0.28
See accompanying notes.
55
Berkshire Hathaway Energy Company
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ 3,738,954 $ 257,866

Total $ 3,738,954 $ 257,866

Basis of pricing (a) (a)
Cost of service (a) (a)
The margin of charges over costs None None
Assets allocable to the services None None
The overall rate of return on assets None None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amounts in the table above reflect the cost of the services.
PacifiCorp is party to an income tax-sharing arrangement and is part of the Berkshire Hathaway Inc. United States federal income tax return. For certain state income taxes, PacifiCorp is part of Berkshire Hathaway Energy Company
(“BHE”) combined or consolidated state income tax returns. PacifiCorp’s provision for income taxes has been computed on a stand-alone basis. PacifiCorp remits federal and certain state income tax payments to PPW Holdings LLC. PPW
Holdings LLC then remits income tax payments to BHE, and BHE remits any federal income tax payments to Berkshire Hathaway Inc. At December 31, 2014, PPW Holdings LLC owed PacifiCorp $134,718,814 and Pacific Minerals, Inc.
owed PPW Holdings LLC $1,465,478 under this arrangement.
For further information on the following financial statements, refer to Berkshire Hathaway Energy Company’s Form 10-K for the year ended December 31, 2014 (File No. 001-14881) at www.sec.gov. PacifiCorp is included in the
following financial statements as a consolidated subsidiary of BHE.
56
99
BERKSHIRE HATHAWAY ENERGY COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (Amounts in millions)
As of December 31,
2014 2013
ASSETS
Current assets:
Cash and cash equivalents $ 617 $ 1,175
Trade receivables, net 1,837 1,769
Income taxes receivable 1,156 44
Inventories 826 853
Other current assets 1,507 1,061
Total current assets 5,943 4,902

Property, plant and equipment, net 59,248 50,119
Goodwill 9,343 7,527
Regulatory assets 4,000 3,322
Investments and restricted cash and investments 2,803 3,236
Other assets 967 894

Total assets $ 82,304 $ 70,000
The accompanying notes are an integral part of these consolidated financial statements.
57
100
BERKSHIRE HATHAWAY ENERGY COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (continued)
(Amounts in millions)
As of December 31,
2014 2013
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable $ 1,991 $ 1,636
Accrued interest 454 431
Accrued property, income and other taxes 366 362
Accrued employee expenses 255 228
Short-term debt 1,445 232
Current portion of long-term debt 1,232 1,188
Other current liabilities 1,369 887
Total current liabilities 7,112 4,964

Regulatory liabilities 2,669 2,498
BHE senior debt 7,860 6,366
BHE junior subordinated debentures 3,794 2,594
Subsidiary debt 25,763 21,864
Deferred income taxes 11,802 10,158
Other long-term liabilities 2,731 2,740
Total liabilities 61,731 51,184

Commitments and contingencies (Note 16)

Equity:  
BHE shareholders' equity:  
Common stock - 115 shares authorized, no par value, 77 shares issued and outstanding ——
Additional paid-in capital 6,423 6,390
Retained earnings 14,513 12,418
Accumulated other comprehensive loss, net (494)(97)
Total BHE shareholders' equity 20,442 18,711
Noncontrolling interests 131 105
Total equity 20,573 18,816

Total liabilities and equity $ 82,304 $ 70,000
The accompanying notes are an integral part of these consolidated financial statements.
58
101
BERKSHIRE HATHAWAY ENERGY COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in millions)
Years Ended December 31,
2014 2013 2012
Operating revenue:
Energy $ 15,182 $ 10,826 $ 10,236
Real estate 2,144 1,809 1,312
Total operating revenue 17,326 12,635 11,548

Operating costs and expenses: 
Energy: 
Cost of sales 5,732 3,799 3,517
Operating expense 3,501 2,794 2,778
Depreciation and amortization 2,028 1,527 1,436
Real estate 2,019 1,680 1,250
Total operating costs and expenses 13,280 9,800 8,981

Operating income 4,046 2,835 2,567

Other income (expense): 
Interest expense (1,711)(1,222)(1,176)
Capitalized interest 89 84 54
Allowance for equity funds 98 78 74
Other, net 80 66 56
Total other income (expense)(1,444)(994)(992)

Income before income tax expense and equity income (loss)2,602 1,841 1,575
Income tax expense 589 130 148
Equity income (loss)109 (35) 68
Net income 2,122 1,676 1,495
Net income attributable to noncontrolling interests 27 40 23
Net income attributable to BHE shareholders $ 2,095 $ 1,636 $ 1,472
The accompanying notes are an integral part of these consolidated financial statements.
59
MHC Inc.
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ 116,352 $ -

Total $ 116,352 $ -

Basis of pricing (a) N/A
Cost of service (a) N/A
The margin of charges over costs None N/A
Assets allocable to the services None N/A
The overall rate of return on assets None N/A

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
For further information on the following financial statements, refer to MidAmerican Funding LLC’s Form 10-K for the year ended December 31, 2014 (File No. 333-90553) at www.sec.gov.
60
115
MHC INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Amounts in millions)
As of December 31,
2014 2013
ASSETS
Utility plant, net:
Electric $ 13,426 $ 11,936
Gas 1,432 1,365
Gross utility plant in service 14,858 13,301
Accumulated depreciation and amortization (4,954)(4,710)
Utility plant in service, net 9,904 8,591
Construction work in progress 606 737
Total utility plant, net 10,510 9,328
Current assets:
Cash and cash equivalents 30 194
Receivables, net 435 457
Income taxes receivable 303 46
Inventories 185 229
Other 87 65
Total current assets 1,040 991
Other assets:
Goodwill 1,270 1,270
Regulatory assets 908 748
Investments and nonregulated property, net 651 625
Receivable from affiliate 274 261
Other 164 203
Total other assets 3,267 3,107
Total assets $ 14,817 $ 13,426
CAPITALIZATION AND LIABILITIES
Capitalization:
MHC common shareholder's equity $ 5,679 $ 5,269
Long-term debt, excluding current portion 3,630 3,202
Total capitalization 9,309 8,471
Current liabilities:
Short-term debt 50 —
Current portion of long-term debt 426 350
Note payable to affiliate 136 135
Accounts payable 392 369
Taxes accrued 128 118
Interest accrued 40 37
Other 131 97
Total current liabilities 1,303 1,106
Other liabilities:
Deferred income taxes 2,657 2,290
Asset retirement obligations 432 430
Regulatory liabilities 837 875
Other 279 254
Total other liabilities 4,205 3,849
Total capitalization and liabilities $ 14,817 $ 13,426
The accompanying notes are an integral part of these consolidated financial statements.
61
116
MHC INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in millions)
Years Ended December 31,
2014 2013 2012
Operating revenue:
Regulated electric $ 1,817 $ 1,762 $ 1,694
Regulated gas 996 824 659
Nonregulated 949 827 894
Total operating revenue 3,762 3,413 3,247
Operating costs and expenses:
Regulated:
Cost of fuel, energy and capacity 532 517 458
Cost of gas sold 720 558 424
Other operating expenses 477 435 427
Maintenance 222 224 220
Depreciation and amortization 351 403 392
Property and other taxes 123 119 115
Total regulated operating costs and expenses 2,425 2,256 2,036
Nonregulated:
Cost of sales 881 764 807
Other 33 36 35
Total nonregulated operating costs and expenses 914 800 842
Total operating expenses 3,339 3,056 2,878
Operating income 423 357 369
Non-operating income:
Interest and dividend income 1 1 1
Allowance for equity funds 39 19 14
Other, net 17 21 14
Total non-operating income 57 41 29
Fixed charges:
Interest on long-term debt 174 151 142
Other interest expense 1 1 3
Allowance for borrowed funds (16)(7)(5)
Total fixed charges 159 145 140
Income before income tax benefit 321 253 258
Income tax benefit (101)(101)(98)
Net income 422 354 356
Net income attributable to noncontrolling interests —1 1
Net income attributable to MHC $ 422 $ 353 $ 355
The accompanying notes are an integral part of these consolidated financial statements.
62
MidAmerican Energy Company
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) (a) $ 5,659,614 $ 2,318,734
Equipment transfer 335,467 -

Total $ 5,995,081 $ 2,318,734

Basis of pricing (b) (b)
Cost of service (b) (b)
The margin of charges over costs None None
Assets allocable to the services None None
The overall rate of return on assets None None

(a) PacifiCorp received services includes $1,799 of amounts that were ultimately reimbursed by joint owners of PacifiCorp’s generating facilities. (b) Services were performed under the IASA and assets were transferred under the Intercompany Mutual Assistance Agreement. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amounts in the table above reflect the cost of the services. The equipment transfer amount in the table above reflects the replacement
cost of the assets transferred. The following items are excluded from the table above:
• Services provided by MidAmerican Energy Company (“MEC”) to Energy West Mining Company in the amount of $96,335.
• Services provided by MEC to Interwest Mining Company in the amount of $2,397.
• Services provided by MEC to Bridger Coal Company in the amount of $38,698. For further information on the following financial statements, refer to MidAmerican Energy Company’s Form 10-K for the year ended December 31, 2014 (File No. 333-15387) at www.sec.gov.
63
55
MIDAMERICAN ENERGY COMPANY
BALANCE SHEETS
(Amounts in millions)
As of December 31,
2014 2013
ASSETS
Utility plant, net:
Electric $ 13,426 $ 11,936
Gas 1,432 1,365
Gross utility plant in service 14,858 13,301
Accumulated depreciation and amortization (4,954)(4,710)
Utility plant in service, net 9,904 8,591
Construction work in progress 606 737
Total utility plant, net 10,510 9,328
Current assets:
Cash and cash equivalents 29 194
Receivables, net 433 454
Income taxes receivable 307 50
Inventories 185 229
Other 87 64
Total current assets 1,041 991
Other assets:
Regulatory assets 908 748
Investments and nonregulated property, net 634 598
Other 164 204
Total other assets 1,706 1,550
Total assets $ 13,257 $ 11,869
CAPITALIZATION AND LIABILITIES
Capitalization:
MidAmerican Energy common shareholder's equity $ 4,250 $ 3,845
Long-term debt, excluding current portion 3,630 3,202
Total capitalization 7,880 7,047
Current liabilities:
Short-term debt 50 —
Current portion of long-term debt 426 350
Accounts payable 392 368
Taxes accrued 128 118
Interest accrued 40 37
Other 131 97
Total current liabilities 1,167 970
Other liabilities:
Deferred income taxes 2,663 2,294
Asset retirement obligations 432 430
Regulatory liabilities 837 875
Other 278 253
Total other liabilities 4,210 3,852
Total capitalization and liabilities $ 13,257 $ 11,869
The accompanying notes are an integral part of these financial statements.
64
56
MIDAMERICAN ENERGY COMPANY
STATEMENTS OF OPERATIONS
(Amounts in millions)
Years Ended December 31,
2014 2013 2012
Operating revenue:
Regulated electric $ 1,817 $ 1,762 $ 1,694
Regulated gas 996 824 659
Nonregulated 927 817 889
Total operating revenue 3,740 3,403 3,242
Operating costs and expenses:
Regulated:
Cost of fuel, energy and capacity 532 517 458
Cost of gas sold 720 558 424
Other operating expenses 477 435 427
Maintenance 222 224 220
Depreciation and amortization 351 403 392
Property and other taxes 123 119 115
Total regulated operating costs and expenses 2,425 2,256 2,036
Nonregulated:
Cost of sales 863 764 807
Other 30 27 29
Total nonregulated operating costs and expenses 893 791 836
Total operating costs and expenses 3,318 3,047 2,872
Operating income 422 356 370
Non-operating income:
Interest income 1 1 1
Allowance for equity funds 39 19 14
Other, net 9 15 9
Total non-operating income 49 35 24
Fixed charges:
Interest on long-term debt 173 150 142
Other interest expense 1 1 1
Allowance for borrowed funds (16)(7)(5)
Total fixed charges 158 144 138
Income before income tax benefit 313 247 256
Income tax benefit (104)(103)(99)
Net income 417 350 355
Preferred dividends —1 1
Earnings on common stock $ 417 $ 349 $ 354
The accompanying notes are an integral part of these financial statements.
65
Midwest Capital Group, Inc.
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ - $ 1,165

Total $ - $ 1,165

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
Refer to the financial statements of MHC Inc., the parent company of Midwest Capital Group, Inc.
66
MEC Construction Services Co.
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ - $ 50,577

Total $ - $ 50,577

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
Refer to the financial statements of MHC Inc., the parent company of MEC Construction Services Co.

67
HomeServices of America, Inc.
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Relocation services $ 1,300,079 $ - Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) - 322,965

Total $ 1,300,079 $ 322,965

Basis of pricing (a) (b)
Cost of service (a) (b)
The margin of charges over costs (a) None
Assets allocable to the services (a) None
The overall rate of return on assets (a) None

(a) HomeServices of America, Inc. charges PacifiCorp a flat fee per relocation for its services, plus the actual costs of services procured from its vendors and service providers.

(b) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
Excluded from the table above are services provided by HomeServices of America, Inc. to Bridger Coal Company in the amount of $394,831.
Refer to the financial statements of Berkshire Hathaway Energy Company, the parent company of HomeServices of
America, Inc.
68
Iowa Realty Co., Inc.
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ - $ 24,724

Total $ - $ 24,724

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
Refer to the financial statements of Berkshire Hathaway Energy Company, the parent company of Iowa Realty Co., Inc.
69
Kern River Gas Transmission Company
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Natural gas transportation services (a) $ 3,173,351 $ -
Equipment installation (b) 14,101 - Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) (c) 148,029 563,688

Total $ 3,335,481 $ 563,688

Basis of pricing (a) (b) (c) (c)
Cost of service (a) (b) (c) (c)
The margin of charges over costs (a) (b) None None
Assets allocable to the services (a) (b) None None
The overall rate of return on assets (a) (b) None None

(a) Natural gas transportation services are priced at a tariff rate on file with the Federal Energy Regulatory Commission (“FERC”), or as priced in a negotiated rate transportation service agreement filed with and approved by the FERC. (b) Equipment installation costs were priced at the actual costs of material, labor, and outside services incurred by Kern River Gas Transmission
Company. (c) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amounts in the table above reflect the cost of the services.

Refer to Section V for discussion of an Agreement for the Mutual Exchange of Property Interests.
For further information on the following financial statements, refer to Kern River Gas Transmission Company’s Federal
Energy Regulatory Commission Form No. 2 for the year ended December 31, 2014 at www.ferc.gov.
70
Comparative Balance Sheet (Assets and Other Debits)
Name of Respondent This Report Is:
(1) An Original
(2) A Resubmission
Date of Report
(Mo, Da, Yr)
Year/Period of Report
End ofKern River Gas Transmission Company X
/ /2014/Q4
Line
No.
Title of Account
(a)
Reference
Page Number
(b)
Current Year End of
Quarter/Year Balance
(c)
Prior Year
End Balance
12/31
(d)
0UTILITY PLANT 0 1
2,810,712,592Utility Plant (101-106, 114) 2,820,261,484200-201 2
638,441Construction Work in Progress (107) 3,910,408200-201 3
2,811,351,033 TOTAL Utility Plant (Total of lines 2 and 3) 2,824,171,892200-201 4
1,052,478,285(Less) Accum. Provision for Depr., Amort., Depl. (108, 111, 115) 1,132,272,576 5
1,758,872,748Net Utility Plant (Total of line 4 less 5) 1,691,899,316 6
0Nuclear Fuel (120.1 thru 120.4, and 120.6) 0 7
0(Less) Accum. Provision for Amort., of Nuclear Fuel Assemblies (120.5) 0 8
0Nuclear Fuel (Total of line 7 less 8) 0 9
1,758,872,748Net Utility Plant (Total of lines 6 and 9) 1,691,899,316 10
0Utility Plant Adjustments (116) 0122 11
0Gas Stored-Base Gas (117.1) 0220 12
0System Balancing Gas (117.2) 0220 13
0Gas Stored in Reservoirs and Pipelines-Noncurrent (117.3) 0220 14
0Gas Owed to System Gas (117.4) 0220 15
0OTHER PROPERTY AND INVESTMENTS 0 16
0Nonutility Property (121) 0 17
0(Less) Accum. Provision for Depreciation and Amortization (122) 0 18
0Investments in Associated Companies (123) 0222-223 19
0Investments in Subsidiary Companies (123.1) 0224-225 20
0(For Cost of Account 123.1 See Footnote Page 224, line 40) 0 21
0Noncurrent Portion of Allowances 0 22
0Other Investments (124) 0222-223 23
0Sinking Funds (125) 0 24
0Depreciation Fund (126) 0 25
0Amortization Fund - Federal (127) 0 26
44,750,341Other Special Funds (128) 35,744,238 27
0Long-Term Portion of Derivative Assets (175) 0 28
0Long-Term Portion of Derivative Assets - Hedges (176) 0 29
44,750,341 TOTAL Other Property and Investments (Total of lines 17-20, 22-29) 35,744,238 30
0CURRENT AND ACCRUED ASSETS 0 31
0Cash (131) 0 32
1,358,163Special Deposits (132-134) 1,603,985 33
0Working Funds (135) 0 34
9,750,125Temporary Cash Investments (136) 26,081,436222-223 35
0Notes Receivable (141) 0 36
25,067,863Customer Accounts Receivable (142) 25,756,269 37
22,535Other Accounts Receivable (143) 232,608 38
0(Less) Accum. Provision for Uncollectible Accounts - Credit (144) 0 39
0Notes Receivable from Associated Companies (145) 0 40
5,679,598Accounts Receivable from Associated Companies (146) 6,976,862 41
0Fuel Stock (151) 0 42
0Fuel Stock Expenses Undistributed (152) 0 43
Page 110FERC FORM NO. 2 (REV 06-04)
71
Name of Respondent This Report Is:
(1) An Original
(2) A Resubmission
Date of Report
(Mo, Da, Yr)
Year/Period of Report
End ofKern River Gas Transmission Company X
/ /2014/Q4
Line
No.
Title of Account
(a)
Reference
Page Number
(b)
Current Year End of
Quarter/Year Balance
(c)
Comparative Balance Sheet (Assets and Other Debits)(continued)
Prior Year
End Balance
12/31
(d)
0Residuals (Elec) and Extracted Products (Gas) (153) 0 44
10,058,485Plant Materials and Operating Supplies (154) 10,396,000 45
0Merchandise (155) 0 46
0Other Materials and Supplies (156) 0 47
0Nuclear Materials Held for Sale (157) 0 48
0Allowances (158.1 and 158.2) 0 49
0(Less) Noncurrent Portion of Allowances 0 50
0Stores Expense Undistributed (163) 0 51
0Gas Stored Underground-Current (164.1) 0220 52
0Liquefied Natural Gas Stored and Held for Processing (164.2 thru 164.3) 0220 53
1,715,040Prepayments (165) 1,302,799230 54
0Advances for Gas (166 thru 167) 0 55
0Interest and Dividends Receivable (171) 23,775 56
0Rents Receivable (172) 0 57
0Accrued Utility Revenues (173) 0 58
1,633,312Miscellaneous Current and Accrued Assets (174) 1,694,359 59
0Derivative Instrument Assets (175) 0 60
0(Less) Long-Term Portion of Derivative Instrument Assets (175) 0 61
0Derivative Instrument Assets - Hedges (176) 612,082 62
0(Less) Long-Term Portion of Derivative Instrument Assests - Hedges (176) 0 63
55,285,121 TOTAL Current and Accrued Assets (Total of lines 32 thru 63) 74,680,175 64
0DEFERRED DEBITS 0 65
5,036,923Unamortized Debt Expense (181) 2,904,872 66
0Extraordinary Property Losses (182.1) 0230 67
0Unrecovered Plant and Regulatory Study Costs (182.2) 0230 68
86,004,087Other Regulatory Assets (182.3) 76,020,598232 69
0Preliminary Survey and Investigation Charges (Electric)(183) 0 70
331,277Preliminary Survey and Investigation Charges (Gas)(183.1 and 183.2) 335,577 71
0Clearing Accounts (184) 0 72
0Temporary Facilities (185) 0 73
0Miscellaneous Deferred Debits (186) 2,115,986233 74
0Deferred Losses from Disposition of Utility Plant (187) 0 75
0Research, Development, and Demonstration Expend. (188) 0 76
0Unamortized Loss on Reacquired Debt (189) 0 77
127,810,147Accumulated Deferred Income Taxes (190) 119,998,084234-235 78
0Unrecovered Purchased Gas Costs (191) 0 79
219,182,434 TOTAL Deferred Debits (Total of lines 66 thru 79) 201,375,117 80
2,078,090,644 TOTAL Assets and Other Debits (Total of lines 10-15,30,64,and 80) 2,003,698,846 81
Page 111FERC FORM NO. 2 (REV 06-04)
72
Comparative Balance Sheet (Liabilities and Other Credits)
Name of Respondent This Report Is:
(1) An Original
(2) A Resubmission
Date of Report
(Mo, Da, Yr)
Year/Period of Report
End ofKern River Gas Transmission Company X
/ /2014/Q4
Line
No.
Title of Account
(a)
Reference
Page Number
(b)
Current Year
End of
Quarter/Year
Balance
Prior Year
End Balance
12/31
(d)
PROPRIETARY CAPITAL 0 0 1
Common Stock Issued (201) 0 0250-251 2
Preferred Stock Issued (204) 0 0250-251 3
Capital Stock Subscribed (202, 205) 0 0252 4
Stock Liability for Conversion (203, 206) 0 0252 5
Premium on Capital Stock (207) 0 0252 6
Other Paid-In Capital (208-211) 829,905,532 817,502,136253 7
Installments Received on Capital Stock (212) 0 0252 8
(Less) Discount on Capital Stock (213) 0 0254 9
(Less) Capital Stock Expense (214) 0 0254 10
Retained Earnings (215, 215.1, 216) 0 0118-119 11
Unappropriated Undistributed Subsidiary Earnings (216.1) 0 0118-119 12
(Less) Reacquired Capital Stock (217) 0 0250-251 13
Accumulated Other Comprehensive Income (219)( 1,005,864) 376,859117 14
TOTAL Proprietary Capital (Total of lines 2 thru 14) 828,899,668 817,878,995 15
LONG TERM DEBT 0 0 16
Bonds (221) 0 0256-257 17
(Less) Reacquired Bonds (222) 0 0256-257 18
Advances from Associated Companies (223) 0 0256-257 19
Other Long-Term Debt (224) 548,119,994 466,705,994256-257 20
Unamortized Premium on Long-Term Debt (225) 0 0258-259 21
(Less) Unamortized Discount on Long-Term Debt-Dr (226) 0 0258-259 22
(Less) Current Portion of Long-Term Debt 81,414,000 85,339,992 23
TOTAL Long-Term Debt (Total of lines 17 thru 23) 466,705,994 381,366,002 24
OTHER NONCURRENT LIABILITIES 0 0 25
Obligations Under Capital Leases-Noncurrent (227) 0 0 26
Accumulated Provision for Property Insurance (228.1) 0 0 27
Accumulated Provision for Injuries and Damages (228.2) 16,378 16,141 28
Accumulated Provision for Pensions and Benefits (228.3) 0 455,000 29
Accumulated Miscellaneous Operating Provisions (228.4) 0 0 30
Accumulated Provision for Rate Refunds (229) 0 0 31
Page 112FERC FORM NO. 2 (REV 06-04)
73
Name of Respondent This Report Is:
(1) An Original
(2) A Resubmission
Date of Report
(Mo, Da, Yr)
Year/Period of Report
End ofKern River Gas Transmission Company X
/ /2014/Q4
Line
No.
Title of Account
(a)
Reference
Page Number
(b)
Current Year
End of
Quarter/Year
Balance
Comparative Balance Sheet (Liabilities and Other Credits)(continued)
Prior Year
End Balance
12/31
(d)
Long-Term Portion of Derivative Instrument Liabilities 0 0 32
Long-Term Portion of Derivative Instrument Liabilities - Hedges 0 0 33
Asset Retirement Obligations (230) 0 0 34
TOTAL Other Noncurrent Liabilities (Total of lines 26 thru 34) 16,378 471,141 35
CURRENT AND ACCRUED LIABILITIES 0 0 36
Current Portion of Long-Term Debt 81,414,000 85,339,992 37
Notes Payable (231) 0 0 38
Accounts Payable (232) 3,274,509 6,536,526 39
Notes Payable to Associated Companies (233) 0 0 40
Accounts Payable to Associated Companies (234) 637,954 844,606 41
Customer Deposits (235) 41,893,115 33,202,581 42
Taxes Accrued (236) 7,888,668 3,801,429262-263 43
Interest Accrued (237) 991,451 91,365 44
Dividends Declared (238) 0 0 45
Matured Long-Term Debt (239) 0 0 46
Matured Interest (240) 0 0 47
Tax Collections Payable (241) 139,846 223,019 48
Miscellaneous Current and Accrued Liabilities (242) 3,280,312 3,583,388268 49
Obligations Under Capital Leases-Current (243) 0 0 50
Derivative Instrument Liabilities (244) 0 0 51
(Less) Long-Term Portion of Derivative Instrument Liabilities 0 0 52
Derivative Instrument Liabilities - Hedges (245) 1,690,157 0 53
(Less) Long-Term Portion of Derivative Instrument Liabilities - Hedges 0 0 54
TOTAL Current and Accrued Liabilities (Total of lines 37 thru 54) 141,210,012 133,622,906 55
DEFERRED CREDITS 0 0 56
Customer Advances for Construction (252) 1,284,507 0 57
Accumulated Deferred Investment Tax Credits (255) 0 0 58
Deferred Gains from Disposition of Utility Plant (256) 0 0 59
Other Deferred Credits (253) 0 0269 60
Other Regulatory Liabilities (254) 136,288,353 159,699,530278 61
Unamortized Gain on Reacquired Debt (257) 0 0260 62
Accumulated Deferred Income Taxes - Accelerated Amortization (281) 0 0 63
Accumulated Deferred Income Taxes - Other Property (282) 478,396,697 485,998,797 64
Accumulated Deferred Income Taxes - Other (283) 25,289,035 24,661,475 65
TOTAL Deferred Credits (Total of lines 57 thru 65) 641,258,592 670,359,802 66
TOTAL Liabilities and Other Credits (Total of lines 15,24,35,55,and 66) 2,078,090,644 2,003,698,846 67
Page 113FERC FORM NO. 2 (REV 06-04)
74
Prior Three
Months Ended
Quarterly Only
No Fourth Quarter
(f)
Total
Current Year to
Date Balance
for Quarter/Year
(c)
Quarterly
1. Enter in column (d) the balance for the reporting quarter and in column (e) the balance for the same three month period for the prior year.
2. Report in column (f) the quarter to date amounts for electric utility function; in column (h) the quarter to date amounts for gas utility, and in (j) the quarter to date amounts for
other utility function for the current year quarter.
3. Report in column (g) the quarter to date amounts for electric utility function; in column (i) the quarter to date amounts for gas utility, and in (k) the quarter to date amounts for
other utility function for the prior year quarter.
4. If additional columns are needed place them in a footnote.
Annual or Quarterly, if applicable
5. Do not report fourth quarter data in columns (e) and (f)
6. Report amounts for accounts 412 and 413, Revenues and Expenses from Utility Plant Leased to Others, in another utility columnin a similar manner to a utility department.
Spread the amount(s) over lines 2 thru 26 as appropriate. Include these amounts in columns (c) and (d) totals.
7. Report amounts in account 414, Other Utility Operating Income, in the same manner as accounts 412 and 413 above.
8. Report data for lines 8, 10 and 11 for Natural Gas companies using accounts 404.1, 404.2, 404.3, 407.1 and 407.2.
9. Use page 122 for important notes regarding the statement of income for any account thereof.
10. Give concise explanations concerning unsettled rate proceedings where a contingency exists such that refunds of a material amount may need to be made to the utility's
customers or which may result in material refund to the utility with respect to power or gas purchases. State for each year effected the gross revenues or costs to which the
contingency relates and the tax effects together with an explanation of the major factors which affect the rights of the utility to retain such revenues or recover amounts paid with
respect to power or gas purchases.
11 Give concise explanations concerning significant amounts of any refunds made or received during the year resulting from settlement of any rate proceeding affecting revenues
received or costs incurred for power or gas purches, and a summary of the adjustments made to balance sheet, income, and expense accounts.
12. If any notes appearing in the report to stokholders are applicable to the Statement of Income, such notes may be included at page 122.
13. Enter on page 122 a concise explanation of only those changes in accounting mehods made during the year which had an effect on net income, including the basis of
allocations and apportionments from those used in the preceding year. Also, give the appropriate dollar effect of such changes.
14. Explain in a footnote if the previous year's/quarter's figures are different from that reported in prior reports.
15. If the columns are insufficient for reporting additional utility departments, supply the appropriate account titles report the information in a footnote to this schedule.
Statement of Income
Name of Respondent This Report Is:
(1) An Original
(2) A Resubmission
Date of Report
(Mo, Da, Yr)
Year/Period of Report
End ofKern River Gas Transmission Company X
/ /2014/Q4
Line
No.
Title of Account
(a)
Reference
Page
Number
(b)
Total
Prior Year to Date
Balance
for Quarter/Year
(d)
Current Three
Months Ended
Quarterly Only
No Fourth Quarter
(e)
0 0 0 0UTILITY OPERATING INCOME 1
359,056,563 354,256,145 0 0Gas Operating Revenues (400)300-301 2
0 0 0 0Operating Expenses 3
38,717,314 46,903,768 0 0 Operation Expenses (401)317-325 4
1,451,227 1,451,976 0 0 Maintenance Expenses (402)317-325 5
81,657,465 82,598,602 0 0 Depreciation Expense (403)336-338 6
0 0 0 0 Depreciation Expense for Asset Retirement Costs (403.1)336-338 7
3,170,457 3,258,517 0 0 Amortization and Depletion of Utility Plant (404-405)336-338 8
0 0 0 0 Amortization of Utility Plant Acu. Adjustment (406)336-338 9
0 0 0 0 Amort. of Prop. Losses, Unrecovered Plant and Reg. Study Costs (407.1) 10
0 0 0 0 Amortization of Conversion Expenses (407.2) 11
49,670,035 52,458,250 0 0 Regulatory Debits (407.3) 12
18,454,213 18,393,253 0 0 (Less) Regulatory Credits (407.4) 13
17,325,531 16,240,434 0 0 Taxes Other than Income Taxes (408.1)262-263 14
40,155,232 34,130,817 0 0 Income Taxes-Federal (409.1)262-263 15
6,942,534 5,665,165 0 0 Income Taxes-Other (409.1)262-263 16
107,195,057 88,824,471 0 0 Provision of Deferred Income Taxes (410.1)234-235 17
96,909,134 74,883,226 0 0 (Less) Provision for Deferred Income Taxes-Credit (411.1)234-235 18
0 0 0 0 Investment Tax Credit Adjustment-Net (411.4) 19
0 0 0 0 (Less) Gains from Disposition of Utility Plant (411.6) 20
0 0 0 0 Losses from Disposition of Utility Plant (411.7) 21
0 0 0 0 (Less) Gains from Disposition of Allowances (411.8) 22
0 0 0 0 Losses from Disposition of Allowances (411.9) 23
0 0 0 0 Accretion Expense (411.10) 24
230,921,505 238,255,521 0 0 TOTAL Utility Operating Expenses (Total of lines 4 thru 24) 25
128,135,058 116,000,624 0 0
Net Utility Operating Income (Total of lines 2 less 25) (Carry forward to page 116,
line 27)
26
Page 114FERC FORM NO. 2 (REV 06-04)
75
Prior Three
Months Ended
Quarterly Only
No Fourth Quarter
(f)
Total
Current Year to
Date Balance
for Quarter/Year
(c)
Name of Respondent This Report Is:
(1) An Original
(2) A Resubmission
Date of Report
(Mo, Da, Yr)
Year/Period of Report
End ofKern River Gas Transmission Company X
/ /2014/Q4
Line
No.
Title of Account
(a)
Reference
Page
Number
(b)
Statement of Income(continued)
Total
Prior Year to Date
Balance
for Quarter/Year
(d)
Current Three
Months Ended
Quarterly Only
No Fourth Quarter
(e)
128,135,058 116,000,624 0 0 Net Utility Operating Income (Carried forward from page 114) 27
0 0 0 0OTHER INCOME AND DEDUCTIONS 28
0 0 0 0Other Income 29
0 0 0 0 Nonutility Operating Income 30
0 0 0 0 Revenues form Merchandising, Jobbing and Contract Work (415) 31
0 0 0 0 (Less) Costs and Expense of Merchandising, Job & Contract Work (416) 32
0 0 0 0 Revenues from Nonutility Operations (417) 33
0 0 0 0 (Less) Expenses of Nonutility Operations (417.1) 34
0 0 0 0 Nonoperating Rental Income (418) 35
0 0 0 0 Equity in Earnings of Subsidiary Companies (418.1)119 36
10,787 892,689 0 0 Interest and Dividend Income (419) 37
110,248 79,483 0 0 Allowance for Other Funds Used During Construction (419.1) 38
386,806 264,029 0 0 Miscellaneous Nonoperating Income (421) 39
0 0 0 0 Gain on Disposition of Property (421.1) 40
507,841 1,236,201 0 0 TOTAL Other Income (Total of lines 31 thru 40) 41
0 0 0 0Other Income Deductions 42
0 0 0 0 Loss on Disposition of Property (421.2) 43
0 0 0 0 Miscellaneous Amortization (425) 44
48,087 50,628 0 0 Donations (426.1)340 45
0 0 0 0 Life Insurance (426.2) 46
0 0 0 0 Penalties (426.3) 47
43,175 25,612 0 0 Expenditures for Certain Civic, Political and Related Activities (426.4) 48
3,247 3,175 0 0 Other Deductions (426.5) 49
94,509 79,415 0 0 TOTAL Other Income Deductions (Total of lines 43 thru 49)340 50
0 0 0 0Taxes Applic. to Other Income and Deductions 51
0 0 0 0 Taxes Other than Income Taxes (408.2)262-263 52
141,599 102,534 0 0 Income Taxes-Federal (409.2)262-263 53
22,286 16,320 0 0 Income Taxes-Other (409.2)262-263 54
706,617 51,627 0 0 Provision for Deferred Income Taxes (410.2)234-235 55
687,354 47,513 0 0 (Less) Provision for Deferred Income Taxes-Credit (411.2)234-235 56
0 0 0 0 Investment Tax Credit Adjustments-Net (411.5) 57
0 0 0 0 (Less) Investment Tax Credits (420) 58
183,148 122,968 0 0 TOTAL Taxes on Other Income and Deductions (Total of lines 52-58) 59
230,184 1,033,818 0 0 Net Other Income and Deductions (Total of lines 41, 50, 59) 60
0 0 0 0INTEREST CHARGES 61
32,735,221 28,261,048 0 0 Interest on Long-Term Debt (427) 62
2,477,870 2,132,051 0 0 Amortization of Debt Disc. and Expense (428)258-259 63
0 0 0 0 Amortization of Loss on Reacquired Debt (428.1) 64
0 0 0 0 (Less) Amortization of Premium on Debt-Credit (429)258-259 65
0 0 0 0 (Less) Amortization of Gain on Reacquired Debt-Credit (429.1) 66
0 0 0 0 Interest on Debt to Associated Companies (430)340 67
835,266 1,074,107 0 0 Other Interest Expense (431)340 68
43,669 29,368 0 0 (Less) Allowance for Borrowed Funds Used During Construction-Credit (432) 69
36,004,688 31,437,838 0 0 Net Interest Charges (Total of lines 62 thru 69) 70
92,360,554 85,596,604 0 0 Income Before Extraordinary Items (Total of lines 27,60 and 70) 71
0 0 0 0EXTRAORDINARY ITEMS 72
0 0 0 0 Extraordinary Income (434) 73
0 0 0 0 (Less) Extraordinary Deductions (435) 74
0 0 0 0 Net Extraordinary Items (Total of line 73 less line 74) 75
0 0 0 0 Income Taxes-Federal and Other (409.3)262-263 76
0 0 0 0 Extraordinary Items after Taxes (Total of line 75 less line 76) 77
92,360,554 85,596,604 0 0 Net Income (Total of lines 71 and 77) 78
Page 116FERC FORM NO. 2 (REV 06-04)
76
MEHC Insurance Services Ltd.
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services (a) PacifiCorp Provided Services

N/A $ - $ -

Total $ - $ -

Basis of pricing N/A N/A
Cost of service N/A N/A
The margin of charges over costs N/A N/A
Assets allocable to the services N/A N/A
The overall rate of return on assets N/A N/A

(a) At December 31, 2014, PacifiCorp had claims receivable of $1,899,950, reflecting $69,075 of claims made and $- of payments received during the year ended December 31, 2014. The policy coverage period expired on March 20, 2011 and was not renewed.

Refer to the financial statements of Berkshire Hathaway Energy Company, the parent company of MEHC Insurance
Services Ltd.

77
Northern Natural Gas Company
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ 2,320 $ 426,990

Total $ 2,320 $ 426,990

Basis of pricing (a) (a)
Cost of service (a) (a)
The margin of charges over costs None None
Assets allocable to the services None None
The overall rate of return on assets None None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amounts in the table above reflect the cost of the services.
For further information on the following financial statements, refer to Northern Natural Gas Company’s Federal Energy Regulatory Commission Form No. 2 for the year ended December 31, 2014 at www.ferc.gov.

78
Comparative Balance Sheet (Assets and Other Debits)
Name of Respondent This Report Is:
(1) An Original
(2) A Resubmission
Date of Report
(Mo, Da, Yr)
Year/Period of Report
End ofNorthern Natural Gas Company X
/ /2014/Q4
Line
No.
Title of Account
(a)
Reference
Page Number
(b)
Current Year End of
Quarter/Year Balance
(c)
Prior Year
End Balance
12/31
(d)
0UTILITY PLANT 0 1
3,484,949,717Utility Plant (101-106, 114) 3,681,036,431200-201 2
45,520,166Construction Work in Progress (107) 50,283,779200-201 3
3,530,469,883 TOTAL Utility Plant (Total of lines 2 and 3) 3,731,320,210200-201 4
1,253,886,542(Less) Accum. Provision for Depr., Amort., Depl. (108, 111, 115) 1,254,423,493 5
2,276,583,341Net Utility Plant (Total of line 4 less 5) 2,476,896,717 6
0Nuclear Fuel (120.1 thru 120.4, and 120.6) 0 7
0(Less) Accum. Provision for Amort., of Nuclear Fuel Assemblies (120.5) 0 8
0Nuclear Fuel (Total of line 7 less 8) 0 9
2,276,583,341Net Utility Plant (Total of lines 6 and 9) 2,476,896,717 10
0Utility Plant Adjustments (116) 0122 11
28,429,396Gas Stored-Base Gas (117.1) 28,429,396220 12
41,211,532System Balancing Gas (117.2) 41,211,532220 13
0Gas Stored in Reservoirs and Pipelines-Noncurrent (117.3) 0220 14
( 5,813,768)Gas Owed to System Gas (117.4) 9,544,952220 15
0OTHER PROPERTY AND INVESTMENTS 0 16
0Nonutility Property (121) 0 17
0(Less) Accum. Provision for Depreciation and Amortization (122) 0 18
0Investments in Associated Companies (123) 0222-223 19
0Investments in Subsidiary Companies (123.1) 0224-225 20
0(For Cost of Account 123.1 See Footnote Page 224, line 40) 0 21
0Noncurrent Portion of Allowances 0 22
0Other Investments (124) 0222-223 23
0Sinking Funds (125) 0 24
0Depreciation Fund (126) 0 25
0Amortization Fund - Federal (127) 0 26
36,840,752Other Special Funds (128) 36,576,077 27
0Long-Term Portion of Derivative Assets (175) 0 28
0Long-Term Portion of Derivative Assets - Hedges (176) 0 29
36,840,752 TOTAL Other Property and Investments (Total of lines 17-20, 22-29) 36,576,077 30
0CURRENT AND ACCRUED ASSETS 0 31
( 10,113,462)Cash (131)( 11,735,257) 32
3,082,975Special Deposits (132-134) 1,935,010 33
24,400Working Funds (135) 24,400 34
132,791,780Temporary Cash Investments (136) 58,611,862222-223 35
0Notes Receivable (141) 0 36
66,203,438Customer Accounts Receivable (142) 70,585,634 37
7,517,817Other Accounts Receivable (143) 2,835,039 38
0(Less) Accum. Provision for Uncollectible Accounts - Credit (144) 0 39
230,000,000Notes Receivable from Associated Companies (145) 175,000,000 40
7,909,065Accounts Receivable from Associated Companies (146) 37,168,479 41
0Fuel Stock (151) 0 42
0Fuel Stock Expenses Undistributed (152) 0 43
Page 110FERC FORM NO. 2 (REV 06-04)
79
Name of Respondent This Report Is:
(1) An Original
(2) A Resubmission
Date of Report
(Mo, Da, Yr)
Year/Period of Report
End ofNorthern Natural Gas Company X
/ /2014/Q4
Line
No.
Title of Account
(a)
Reference
Page Number
(b)
Current Year End of
Quarter/Year Balance
(c)
Comparative Balance Sheet (Assets and Other Debits)(continued)
Prior Year
End Balance
12/31
(d)
0Residuals (Elec) and Extracted Products (Gas) (153) 0 44
24,793,032Plant Materials and Operating Supplies (154) 26,252,771 45
0Merchandise (155) 0 46
0Other Materials and Supplies (156) 0 47
0Nuclear Materials Held for Sale (157) 0 48
0Allowances (158.1 and 158.2) 0 49
0(Less) Noncurrent Portion of Allowances 0 50
0Stores Expense Undistributed (163) 0 51
0Gas Stored Underground-Current (164.1) 0220 52
0Liquefied Natural Gas Stored and Held for Processing (164.2 thru 164.3) 0220 53
4,317,470Prepayments (165) 4,002,590230 54
0Advances for Gas (166 thru 167) 0 55
0Interest and Dividends Receivable (171) 0 56
0Rents Receivable (172) 0 57
0Accrued Utility Revenues (173) 0 58
29,369,569Miscellaneous Current and Accrued Assets (174) 18,817,756 59
2,936Derivative Instrument Assets (175) 1,783,788 60
0(Less) Long-Term Portion of Derivative Instrument Assets (175) 0 61
107,371Derivative Instrument Assets - Hedges (176) 1,017,207 62
0(Less) Long-Term Portion of Derivative Instrument Assests - Hedges (176) 0 63
496,006,391 TOTAL Current and Accrued Assets (Total of lines 32 thru 63) 386,299,279 64
0DEFERRED DEBITS 0 65
5,385,207Unamortized Debt Expense (181) 4,886,035 66
0Extraordinary Property Losses (182.1) 0230 67
0Unrecovered Plant and Regulatory Study Costs (182.2) 0230 68
146,335,720Other Regulatory Assets (182.3) 148,148,622232 69
0Preliminary Survey and Investigation Charges (Electric)(183) 0 70
38,820Preliminary Survey and Investigation Charges (Gas)(183.1 and 183.2) 38,820 71
0Clearing Accounts (184) 0 72
0Temporary Facilities (185) 0 73
5,579,808Miscellaneous Deferred Debits (186) 5,243,646233 74
0Deferred Losses from Disposition of Utility Plant (187) 0 75
0Research, Development, and Demonstration Expend. (188) 0 76
0Unamortized Loss on Reacquired Debt (189) 0 77
186,031,895Accumulated Deferred Income Taxes (190) 154,505,416234-235 78
0Unrecovered Purchased Gas Costs (191) 0 79
343,371,450 TOTAL Deferred Debits (Total of lines 66 thru 79) 312,822,539 80
3,216,629,094 TOTAL Assets and Other Debits (Total of lines 10-15,30,64,and 80) 3,291,780,492 81
Page 111FERC FORM NO. 2 (REV 06-04)
80
Comparative Balance Sheet (Liabilities and Other Credits)
Name of Respondent This Report Is:
(1) An Original
(2) A Resubmission
Date of Report
(Mo, Da, Yr)
Year/Period of Report
End ofNorthern Natural Gas Company X
/ /2014/Q4
Line
No.
Title of Account
(a)
Reference
Page Number
(b)
Current Year
End of
Quarter/Year
Balance
Prior Year
End Balance
12/31
(d)
PROPRIETARY CAPITAL 0 0 1
Common Stock Issued (201) 1,002 1,002250-251 2
Preferred Stock Issued (204) 0 0250-251 3
Capital Stock Subscribed (202, 205) 0 0252 4
Stock Liability for Conversion (203, 206) 0 0252 5
Premium on Capital Stock (207) 0 0252 6
Other Paid-In Capital (208-211) 981,867,972 981,867,972253 7
Installments Received on Capital Stock (212) 0 0252 8
(Less) Discount on Capital Stock (213) 0 0254 9
(Less) Capital Stock Expense (214) 0 0254 10
Retained Earnings (215, 215.1, 216) 378,518,263 347,716,981118-119 11
Unappropriated Undistributed Subsidiary Earnings (216.1) 0 0118-119 12
(Less) Reacquired Capital Stock (217) 0 0250-251 13
Accumulated Other Comprehensive Income (219)( 247,925) 496,042117 14
TOTAL Proprietary Capital (Total of lines 2 thru 14) 1,360,139,312 1,330,081,997 15
LONG TERM DEBT 0 0 16
Bonds (221) 400,000,000 400,000,000256-257 17
(Less) Reacquired Bonds (222) 0 0256-257 18
Advances from Associated Companies (223) 0 0256-257 19
Other Long-Term Debt (224) 500,000,000 500,000,000256-257 20
Unamortized Premium on Long-Term Debt (225) 0 0258-259 21
(Less) Unamortized Discount on Long-Term Debt-Dr (226) 599,789 564,629258-259 22
(Less) Current Portion of Long-Term Debt 0 99,994,381 23
TOTAL Long-Term Debt (Total of lines 17 thru 23) 899,400,211 799,440,990 24
OTHER NONCURRENT LIABILITIES 0 0 25
Obligations Under Capital Leases-Noncurrent (227) 0 0 26
Accumulated Provision for Property Insurance (228.1) 0 0 27
Accumulated Provision for Injuries and Damages (228.2) 123,566 148,656 28
Accumulated Provision for Pensions and Benefits (228.3) 0 4,512,551 29
Accumulated Miscellaneous Operating Provisions (228.4) 0 0 30
Accumulated Provision for Rate Refunds (229) 0 0 31
Page 112FERC FORM NO. 2 (REV 06-04)
81
Name of Respondent This Report Is:
(1) An Original
(2) A Resubmission
Date of Report
(Mo, Da, Yr)
Year/Period of Report
End ofNorthern Natural Gas Company X
/ /2014/Q4
Line
No.
Title of Account
(a)
Reference
Page Number
(b)
Current Year
End of
Quarter/Year
Balance
Comparative Balance Sheet (Liabilities and Other Credits)(continued)
Prior Year
End Balance
12/31
(d)
Long-Term Portion of Derivative Instrument Liabilities 0 59,712,761 32
Long-Term Portion of Derivative Instrument Liabilities - Hedges 0 0 33
Asset Retirement Obligations (230) 35,395,587 31,283,936 34
TOTAL Other Noncurrent Liabilities (Total of lines 26 thru 34) 35,519,153 95,657,904 35
CURRENT AND ACCRUED LIABILITIES 0 0 36
Current Portion of Long-Term Debt 0 99,994,381 37
Notes Payable (231) 0 0 38
Accounts Payable (232) 32,701,386 64,846,299 39
Notes Payable to Associated Companies (233) 0 0 40
Accounts Payable to Associated Companies (234) 1,802,420 840,979 41
Customer Deposits (235) 17,122,337 17,805,900 42
Taxes Accrued (236) 49,741,700 46,077,705262-263 43
Interest Accrued (237) 13,113,888 13,113,888 44
Dividends Declared (238) 0 0 45
Matured Long-Term Debt (239) 0 0 46
Matured Interest (240) 0 0 47
Tax Collections Payable (241) 973,833 1,003,475 48
Miscellaneous Current and Accrued Liabilities (242) 37,214,518 30,401,471268 49
Obligations Under Capital Leases-Current (243) 0 0 50
Derivative Instrument Liabilities (244) 69,341,168 70,537,233 51
(Less) Long-Term Portion of Derivative Instrument Liabilities 0 59,712,761 52
Derivative Instrument Liabilities - Hedges (245) 518,507 194,667 53
(Less) Long-Term Portion of Derivative Instrument Liabilities - Hedges 0 0 54
TOTAL Current and Accrued Liabilities (Total of lines 37 thru 54) 222,529,757 285,103,237 55
DEFERRED CREDITS 0 0 56
Customer Advances for Construction (252) 3,687,894 3,920,777 57
Accumulated Deferred Investment Tax Credits (255) 0 0 58
Deferred Gains from Disposition of Utility Plant (256) 0 0 59
Other Deferred Credits (253) 0 159,477269 60
Other Regulatory Liabilities (254) 25,965,170 34,346,470278 61
Unamortized Gain on Reacquired Debt (257) 0 0260 62
Accumulated Deferred Income Taxes - Accelerated Amortization (281) 0 0 63
Accumulated Deferred Income Taxes - Other Property (282) 602,916,623 674,248,159 64
Accumulated Deferred Income Taxes - Other (283) 66,470,974 68,821,481 65
TOTAL Deferred Credits (Total of lines 57 thru 65) 699,040,661 781,496,364 66
TOTAL Liabilities and Other Credits (Total of lines 15,24,35,55,and 66) 3,216,629,094 3,291,780,492 67
Page 113FERC FORM NO. 2 (REV 06-04)
82
Prior Three
Months Ended
Quarterly Only
No Fourth Quarter
(f)
Total
Current Year to
Date Balance
for Quarter/Year
(c)
Quarterly
1. Enter in column (d) the balance for the reporting quarter and in column (e) the balance for the same three month period for the prior year.
2. Report in column (f) the quarter to date amounts for electric utility function; in column (h) the quarter to date amounts for gas utility, and in (j) the quarter to date amounts for
other utility function for the current year quarter.
3. Report in column (g) the quarter to date amounts for electric utility function; in column (i) the quarter to date amounts for gas utility, and in (k) the quarter to date amounts for
other utility function for the prior year quarter.
4. If additional columns are needed place them in a footnote.
Annual or Quarterly, if applicable
5. Do not report fourth quarter data in columns (e) and (f)
6. Report amounts for accounts 412 and 413, Revenues and Expenses from Utility Plant Leased to Others, in another utility columnin a similar manner to a utility department.
Spread the amount(s) over lines 2 thru 26 as appropriate. Include these amounts in columns (c) and (d) totals.
7. Report amounts in account 414, Other Utility Operating Income, in the same manner as accounts 412 and 413 above.
8. Report data for lines 8, 10 and 11 for Natural Gas companies using accounts 404.1, 404.2, 404.3, 407.1 and 407.2.
9. Use page 122 for important notes regarding the statement of income for any account thereof.
10. Give concise explanations concerning unsettled rate proceedings where a contingency exists such that refunds of a material amount may need to be made to the utility's
customers or which may result in material refund to the utility with respect to power or gas purchases. State for each year effected the gross revenues or costs to which the
contingency relates and the tax effects together with an explanation of the major factors which affect the rights of the utility to retain such revenues or recover amounts paid with
respect to power or gas purchases.
11 Give concise explanations concerning significant amounts of any refunds made or received during the year resulting from settlement of any rate proceeding affecting revenues
received or costs incurred for power or gas purches, and a summary of the adjustments made to balance sheet, income, and expense accounts.
12. If any notes appearing in the report to stokholders are applicable to the Statement of Income, such notes may be included at page 122.
13. Enter on page 122 a concise explanation of only those changes in accounting mehods made during the year which had an effect on net income, including the basis of
allocations and apportionments from those used in the preceding year. Also, give the appropriate dollar effect of such changes.
14. Explain in a footnote if the previous year's/quarter's figures are different from that reported in prior reports.
15. If the columns are insufficient for reporting additional utility departments, supply the appropriate account titles report the information in a footnote to this schedule.
Statement of Income
Name of Respondent This Report Is:
(1) An Original
(2) A Resubmission
Date of Report
(Mo, Da, Yr)
Year/Period of Report
End ofNorthern Natural Gas Company X
/ /2014/Q4
Line
No.
Title of Account
(a)
Reference
Page
Number
(b)
Total
Prior Year to Date
Balance
for Quarter/Year
(d)
Current Three
Months Ended
Quarterly Only
No Fourth Quarter
(e)
0 0 0 0UTILITY OPERATING INCOME 1
592,580,234 749,039,387 0 0Gas Operating Revenues (400)300-301 2
0 0 0 0Operating Expenses 3
148,895,960 275,105,365 0 0 Operation Expenses (401)317-325 4
56,353,022 75,546,001 0 0 Maintenance Expenses (402)317-325 5
57,449,747 58,969,962 0 0 Depreciation Expense (403)336-338 6
0 0 0 0 Depreciation Expense for Asset Retirement Costs (403.1)336-338 7
7,207,066 9,757,632 0 0 Amortization and Depletion of Utility Plant (404-405)336-338 8
0 0 0 0 Amortization of Utility Plant Acu. Adjustment (406)336-338 9
0 0 0 0 Amort. of Prop. Losses, Unrecovered Plant and Reg. Study Costs (407.1) 10
0 0 0 0 Amortization of Conversion Expenses (407.2) 11
0 0 0 0 Regulatory Debits (407.3) 12
0 0 0 0 (Less) Regulatory Credits (407.4) 13
52,683,283 52,638,789 0 0 Taxes Other than Income Taxes (408.1)262-263 14
27,707,020 10,305,714 0 0 Income Taxes-Federal (409.1)262-263 15
6,918,930 5,560,741 0 0 Income Taxes-Other (409.1)262-263 16
136,579,316 218,624,286 0 0 Provision of Deferred Income Taxes (410.1)234-235 17
84,056,961 141,652,884 0 0 (Less) Provision for Deferred Income Taxes-Credit (411.1)234-235 18
0 0 0 0 Investment Tax Credit Adjustment-Net (411.4) 19
0 0 0 0 (Less) Gains from Disposition of Utility Plant (411.6) 20
482,685 0 0 0 Losses from Disposition of Utility Plant (411.7) 21
0 0 0 0 (Less) Gains from Disposition of Allowances (411.8) 22
0 0 0 0 Losses from Disposition of Allowances (411.9) 23
0 0 0 0 Accretion Expense (411.10) 24
410,220,068 564,855,606 0 0 TOTAL Utility Operating Expenses (Total of lines 4 thru 24) 25
182,360,166 184,183,781 0 0
Net Utility Operating Income (Total of lines 2 less 25) (Carry forward to page 116,
line 27)
26
Page 114FERC FORM NO. 2 (REV 06-04)
83
Prior Three
Months Ended
Quarterly Only
No Fourth Quarter
(f)
Total
Current Year to
Date Balance
for Quarter/Year
(c)
Name of Respondent This Report Is:
(1) An Original
(2) A Resubmission
Date of Report
(Mo, Da, Yr)
Year/Period of Report
End ofNorthern Natural Gas Company X
/ /2014/Q4
Line
No.
Title of Account
(a)
Reference
Page
Number
(b)
Statement of Income(continued)
Total
Prior Year to Date
Balance
for Quarter/Year
(d)
Current Three
Months Ended
Quarterly Only
No Fourth Quarter
(e)
182,360,166 184,183,781 0 0 Net Utility Operating Income (Carried forward from page 114) 27
0 0 0 0OTHER INCOME AND DEDUCTIONS 28
0 0 0 0Other Income 29
0 0 0 0 Nonutility Operating Income 30
0 0 0 0 Revenues form Merchandising, Jobbing and Contract Work (415) 31
843 2,204 0 0 (Less) Costs and Expense of Merchandising, Job & Contract Work (416) 32
0 0 0 0 Revenues from Nonutility Operations (417) 33
0 80 0 0 (Less) Expenses of Nonutility Operations (417.1) 34
0 0 0 0 Nonoperating Rental Income (418) 35
0 0 0 0 Equity in Earnings of Subsidiary Companies (418.1)119 36
1,572,471 1,288,407 0 0 Interest and Dividend Income (419) 37
1,396,855 4,366,451 0 0 Allowance for Other Funds Used During Construction (419.1) 38
18,294,993 10,694,646 0 0 Miscellaneous Nonoperating Income (421) 39
6,318 0 0 0 Gain on Disposition of Property (421.1) 40
21,269,794 16,347,220 0 0 TOTAL Other Income (Total of lines 31 thru 40) 41
0 0 0 0Other Income Deductions 42
45,974 10,474 0 0 Loss on Disposition of Property (421.2) 43
0 0 0 0 Miscellaneous Amortization (425) 44
511,082 566,273 0 0 Donations (426.1)340 45
0 0 0 0 Life Insurance (426.2) 46
2,252 0 0 0 Penalties (426.3) 47
73,429 49,551 0 0 Expenditures for Certain Civic, Political and Related Activities (426.4) 48
105,457 48,489 0 0 Other Deductions (426.5) 49
738,194 674,787 0 0 TOTAL Other Income Deductions (Total of lines 43 thru 49)340 50
0 0 0 0Taxes Applic. to Other Income and Deductions 51
0 0 0 0 Taxes Other than Income Taxes (408.2)262-263 52
( 15,737,665)( 17,587,309) 0 0 Income Taxes-Federal (409.2)262-263 53
( 3,505,812)( 3,911,540) 0 0 Income Taxes-Other (409.2)262-263 54
73,287,143 64,716,700 0 0 Provision for Deferred Income Taxes (410.2)234-235 55
45,876,173 36,969,289 0 0 (Less) Provision for Deferred Income Taxes-Credit (411.2)234-235 56
0 0 0 0 Investment Tax Credit Adjustments-Net (411.5) 57
0 0 0 0 (Less) Investment Tax Credits (420) 58
8,167,493 6,248,562 0 0 TOTAL Taxes on Other Income and Deductions (Total of lines 52-58) 59
12,364,107 9,423,871 0 0 Net Other Income and Deductions (Total of lines 41, 50, 59) 60
0 0 0 0INTEREST CHARGES 61
44,075,000 44,075,000 0 0 Interest on Long-Term Debt (427) 62
341,541 358,576 0 0 Amortization of Debt Disc. and Expense (428)258-259 63
0 0 0 0 Amortization of Loss on Reacquired Debt (428.1) 64
0 0 0 0 (Less) Amortization of Premium on Debt-Credit (429)258-259 65
0 0 0 0 (Less) Amortization of Gain on Reacquired Debt-Credit (429.1) 66
0 0 0 0 Interest on Debt to Associated Companies (430)340 67
38,624 94,324 0 0 Other Interest Expense (431)340 68
401,726 1,194,966 0 0 (Less) Allowance for Borrowed Funds Used During Construction-Credit (432) 69
44,053,439 43,332,934 0 0 Net Interest Charges (Total of lines 62 thru 69) 70
150,670,834 150,274,718 0 0 Income Before Extraordinary Items (Total of lines 27,60 and 70) 71
0 0 0 0EXTRAORDINARY ITEMS 72
0 0 0 0 Extraordinary Income (434) 73
0 0 0 0 (Less) Extraordinary Deductions (435) 74
0 0 0 0 Net Extraordinary Items (Total of line 73 less line 74) 75
0 0 0 0 Income Taxes-Federal and Other (409.3)262-263 76
0 0 0 0 Extraordinary Items after Taxes (Total of line 75 less line 76) 77
150,670,834 150,274,718 0 0 Net Income (Total of lines 71 and 77) 78
Page 116FERC FORM NO. 2 (REV 06-04)
84
NV Energy, Inc.
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ 39,304 $ 1,225,925

Total $ 39,304 $ 1,225,925

Basis of pricing (a) (a)
Cost of service (a) (a)
The margin of charges over costs None None
Assets allocable to the services None None
The overall rate of return on assets None None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amounts in the table above reflect the cost of the services.
For further information on the following financial statements, refer to NV Energy, Inc. and Subsidiaries Consolidated Financial Statements (Unaudited) for the year ended December 31, 2014 at www.berkshirehathawayenergyco.com.

85
2
NV ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (Unaudited)
(Amounts in millions, except share data)
As of December 31,
2014 2013
ASSETS
Current assets:
Cash and cash equivalents $ 262 $ 287
Accounts receivable, net 349 383
Inventories 128 116
Regulatory assets 89 96
Deferred income taxes 178 189
Other current assets 52 52
Total current assets 1,058 1,123
Property, plant and equipment, net 9,643 9,544
Regulatory assets 1,510 1,471
Other assets 103 134
Total assets $ 12,314 $ 12,272
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable $ 294 $ 314
Accrued interest 78 79
Accrued property, income and other taxes 42 50
Regulatory liabilities 78 111
Current portion of long-term debt 265 217
Customer deposits 71 72
Other current liabilities 49 44
Total current liabilities 877 887
NV Energy long-term debt 315 315
Subsidiary long-term debt 4,511 4,755
Regulatory liabilities 589 555
Deferred income taxes 1,858 1,706
Other long-term liabilities 430 421
Total liabilities 8,580 8,639
Commitments and contingencies (Note 16)
Equity:
Common stock - 1,000 shares authorized, $.01 par value, 1 share issued and outstanding ——
Other paid-in capital 3,128 3,023
Retained earnings 610 619
Accumulated other comprehensive loss, net (4)(9)
Total equity 3,734 3,633
Total liabilities and equity $ 12,314 $ 12,272
The accompanying notes are an integral part of the consolidated financial statements.
86
3
NV ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
(Amounts in millions)
Years Ended December 31,
2014 2013
Operating revenue:
Regulated electric $ 3,116 $ 2,840
Regulated natural gas 125 121
Total operating revenue 3,241 2,961
Operating costs and expenses:
Cost of fuel, energy and capacity 1,437 1,127
Natural gas purchased for resale 76 72
Operating and maintenance 568 659
Depreciation and amortization 379 400
Property and other taxes 68 64
Merger-related —81
Total operating costs and expenses 2,528 2,403
Operating income 713 558
Other income (expense):
Interest expense (292) (302)
Allowance for borrowed funds 3 8
Allowance for equity funds 4 10
Other, net 35 (5)
Total other income (expense)(250) (289)
Income before income tax expense 463 269
Income tax expense 167 107
Net income $ 296 $ 162
The accompanying notes are an integral part of these consolidated financial statements.
87
Nevada Power Company
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Wholesale energy purchases $ 2,114,287 $ -
Transmission line losses (112,680) 9,408
Electricity transmission services 210,638 39,212 Transmission ancillary services 63,292 5,348
Operations and maintenance on Harry Allen substation (a) 108,777 -
Wholesale energy sales - 4,542,803
Interest income - 4,092
Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) - 157,647

Total $ 2,384,314 $ 4,758,510

Basis of pricing (b) (b) (c)
Cost of service (b) (b) (c)
The margin of charges over costs (b) (b) N/A
Assets allocable to the services (b) (b) N/A
The overall rate of return on assets (b) (b) N/A

(a) In previous years, PacifiCorp paid Nevada Power Company (“Nevada Power”) for the construction of transmission assets to be used by PacifiCorp at Nevada Power’s Harry Allen substation. These assets are owned by Nevada Power and are recorded in PacifiCorp's plant-in-service as intangible assets in the gross amount of $17,449,844 ($13,253,377 net of accumulated depreciation) as of December 31, 2014. PacifiCorp pays Nevada Power for its share of the costs to operate and maintain these assets.
(b) Wholesale energy purchases and sales are priced based on a negotiated rate capped by the selling entity’s cost. Electricity transmission services and transmission ancillary services provided by Nevada Power are priced pursuant to Nevada Power’s Open Access Transmission Tariff (“OATT”). Transmission line losses provided by Nevada Power are priced pursuant to a Nevada Power OATT schedule. Electricity transmission services provided by PacifiCorp are priced based on a formula rate on file with the Federal Energy Regulatory Commission
(“FERC”). Transmission line losses and transmission ancillary services provided by PacifiCorp are priced pursuant to PacifiCorp’s OATT Schedules. Operations and maintenance costs are ultimately based on PacifiCorp’s share of actual operations and maintenance costs incurred. Interest income is priced based on rates on file with the FERC. (c) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section
VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services. For further information on the following financial statements, refer to Nevada Power Company’s Form 10-K for the year
ended December 31, 2014 (File No. 000-52378) at www.sec.gov.

88
43
NEVADA POWER COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Amounts in millions, except share data)
As of December 31,
2014 2013
ASSETS
Current assets:
Cash and cash equivalents $ 220 $ 126
Accounts receivable, net 243 227
Inventories 88 73
Regulatory assets 57 81
Deferred income taxes 145 152
Other current assets 32 39
Total current assets 785 698
Property, plant and equipment, net 7,003 6,992
Regulatory assets 1,069 1,057
Other assets 78 88
Total assets $ 8,935 $ 8,835
LIABILITIES AND SHAREHOLDER'S EQUITY
Current liabilities:
Accounts payable $ 212 $ 240
Accrued interest 60 61
Accrued property, income and other taxes 30 29
Regulatory liabilities 40 74
Current portion of long-term debt 264 22
Customer deposits 55 58
Other current liabilities 36 22
Total current liabilities 697 506
Long-term debt 3,312 3,555
Regulatory liabilities 326 312
Deferred income taxes 1,414 1,298
Other long-term liabilities 298 274
Total liabilities 6,047 5,945
Commitments and contingencies (Note 16)
Shareholder's equity:
Common stock - $1.00 stated value, 1,000 shares authorized, issued and outstanding ——
Other paid-in capital 2,308 2,308
Retained earnings 583 586
Accumulated other comprehensive loss, net (3)(4)
Total shareholder's equity 2,888 2,890
Total liabilities and shareholder's equity $ 8,935 $ 8,835
The accompanying notes are an integral part of the consolidated financial statements.
89
44
NEVADA POWER COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in millions)
Years Ended December 31,
2014 2013 2012
Operating revenue $ 2,337 $ 2,092 $ 2,145
Operating costs and expenses:
Cost of fuel, energy and capacity 1,076 835 813
Operating and maintenance 405 455 423
Depreciation and amortization 274 277 270
Property and other taxes 41 38 37
Merger-related —52 —
Total operating costs and expenses 1,796 1,657 1,543
Operating income 541 435 602
Other income (expense):
Interest expense (208) (215) (215)
Allowance for borrowed funds 1 6 5
Allowance for equity funds 1 8 7
Other, net 22 5 (3)
Total other income (expense)(184) (196) (206)
Income before income tax expense 357 239 396
Income tax expense 130 94 138
Net income $ 227 $ 145 $ 258
The accompanying notes are an integral part of these consolidated financial statements.
90
Sierra Pacific Power Company
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Wholesale energy purchases $ 11,426 $ -
Transmission line losses (36,367) 189
Electricity transmission services 106,125 1,852 Transmission ancillary services 14,288 77
Electricity transmission service over agreed-upon facilities - 68,919
Reserve share 4,285 8,516
Wholesale energy sales - 20,125
Interest income - 790
Operations and maintenance on Pavant substation - 9,000
Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) - 66,068

Total $ 99,757 $ 175,536

Basis of pricing (a) (a) (b)
Cost of service (a) (a) (b)
The margin of charges over costs (a) (a) N/A
Assets allocable to the services (a) (a) N/A
The overall rate of return on assets (a) (a) N/A

(a) Wholesale energy purchases and sales are priced based on a negotiated rate capped by the selling entity’s cost. Electricity transmission services and transmission ancillary services provided by Sierra Pacific Power Company (“Sierra Pacific”) are priced pursuant to Sierra Pacific’s Open Access Transmission Tariff (“OATT”). Reserve share is at standard pricing based on the Northwest Power Pool Reserve Sharing Agreement. Transmission line losses provided by Sierra Pacific are priced pursuant to a Sierra Pacific OATT schedule. Electricity transmission services over
agreed-upon facilities are priced based on a rate schedule negotiated per the contract between PacifiCorp and Sierra Pacific. Electricity transmission services provided by PacifiCorp are priced based on a formula rate on file with the Federal Energy Regulatory Commission (“FERC”). Transmission line losses and transmission ancillary services provided by PacifiCorp are priced pursuant to PacifiCorp’s OATT Schedules. Interest income is priced based on rates on file with the FERC. The operations and maintenance costs are based on the final installed cost of PacifiCorp’s Pavant substation capacitor bank multiplied by an annual expense factor as determined by FERC methodology.
(b) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
For further information on the following financial statements, refer to Sierra Pacific Power Company’s Form 10-K for the year ended December 31, 2014 (File No. 000-00508) at www.sec.gov.

91
42
SIERRA PACIFIC POWER COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Amounts in millions, except share data)
As of December 31,
2014 2013
ASSETS
Current assets:
Cash and cash equivalents $ 22 $ 67
Accounts receivable, net 127 156
Inventories 40 43
Regulatory assets 32 15
Deferred income taxes 42 48
Other current assets 20 23
Total current assets 283 352
Property, plant and equipment, net 2,640 2,552
Regulatory assets 444 427
Other assets 21 38
Total assets $ 3,388 $ 3,369
LIABILITIES AND SHAREHOLDER'S EQUITY
Current liabilities:
Accounts payable $ 127 $ 151
Accrued interest 15 15
Accrued property, income and other taxes 12 12
Regulatory liabilities 39 37
Current portion of long-term debt 1 1
Customer deposits 16 14
Other current liabilities 14 9
Total current liabilities 224 239
Long-term debt 1,199 1,199
Regulatory liabilities 262 243
Deferred income taxes 566 525
Other long-term liabilities 139 147
Total liabilities 2,390 2,353
Commitments and contingencies (Note 15)
Shareholder's equity:
Common stock - $3.75 stated value, 20,000,000 shares authorized and 1,000 issued andoutstanding ——
Other paid-in capital 1,111 1,111
Accumulated deficit (111)(93)
Accumulated other comprehensive loss, net (2)(2)
Total shareholder's equity 998 1,016
Total liabilities and shareholder's equity $ 3,388 $ 3,369
The accompanying notes are an integral part of the consolidated financial statements.
92
43
SIERRA PACIFIC POWER COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in millions)
Years Ended December 31,
2014 2013 2012
Operating revenue:
Regulated electric $ 779 $ 747 $ 726
Regulated natural gas 125 106 108
Total operating revenue 904 853 834
Operating costs and expenses:
Cost of fuel, energy and capacity 361 292 263
Natural gas purchased for resale 76 56 62
Operating and maintenance 158 197 190
Depreciation and amortization 105 123 108
Property and other taxes 26 25 23
Merger-related —20 —
Total operating costs and expenses 726 713 646
Operating income 178 140 188
Other income (expense):
Interest expense (61) (61) (65)
Allowance for borrowed funds 2 1 2
Allowance for equity funds 3 2 3
Other, net 12 6 (4)
Total other income (expense)(44) (52) (64)
Income before income tax expense 134 88 124
Income tax expense 47 33 40
Net income $ 87 $ 55 $ 84
The accompanying notes are an integral part of these consolidated financial statements.
93
Northern Powergrid Holdings Company
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ - $ 23,779

Total $ - $ 23,779

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
Refer to the financial statements of Berkshire Hathaway Energy Company, the parent company of Northern Powergrid Holdings Company.

94
CalEnergy Philippines
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ - $ 3,441

Total $ - $ 3,441

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
Refer to the financial statements of Berkshire Hathaway Energy Company, the parent company of CalEnergy Philippines.

95
CE Casecnan Water and Energy Company, Inc.
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ - $ 146,951
Equipment transfer - 161,914

Total $ - $ 308,865

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services. The equipment transfer from PacifiCorp to CE Casecnan Water and Energy Company, Inc. was priced at the actual costs of material and labor incurred by PacifiCorp.

Refer to the financial statements of Berkshire Hathaway Energy Company, the indirect majority-owner of CE Casecnan
Water and Energy Company, Inc.
96
BHE Renewables, LLC
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ 11,631 $ 197,365

Total $ 11,631 $ 197,365

Basis of pricing (a) (a)
Cost of service (a) (a)
The margin of charges over costs None None
Assets allocable to the services None None
The overall rate of return on assets None None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amounts in the table above reflect the cost of the services.
Excluded from the table above are services provided by BHE Renewables, LLC to Interwest Mining Company in the amount of $1,409.
Refer to the financial statements of Berkshire Hathaway Energy Company, the parent company of BHE Renewables,
LLC.

97
CalEnergy Generation Operating Company
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ - $ 163,146

Total $ - $ 163,146

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
Refer to the financial statements of Berkshire Hathaway Energy Company, the parent company of CalEnergy Generation Operating Company.

98
Cordova Energy Company LLC
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ - $ 8,439

Total $ - $ 8,439

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
Refer to the financial statements of Berkshire Hathaway Energy Company, the parent company of Cordova Energy Company LLC.

99
Pinyon Pines Wind I, LLC
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ - $ 208

Total $ - $ 208

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
Refer to the financial statements of Berkshire Hathaway Energy Company, the parent company of Pinyon Pines Wind I, LLC.
100
Pinyon Pines Wind II, LLC
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ - $ 265

Total $ - $ 265

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
Refer to the financial statements of Berkshire Hathaway Energy Company, the parent company of Pinyon Pines Wind II, LLC.

101
Solar Star California XIX, LLC
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ - $ 5,357

Total $ - $ 5,357

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
Refer to the financial statements of Berkshire Hathaway Energy Company, the parent company of Solar Star California XIX, LLC.

102
Solar Star California XX, LLC
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ - $ 5,357

Total $ - $ 5,357

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
Refer to the financial statements of Berkshire Hathaway Energy Company, the parent company of Solar Star California XX, LLC.

103
Topaz Solar Farms LLC
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ - $ 10,724

Total $ - $ 10,724

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
Refer to the financial statements of Berkshire Hathaway Energy Company, the parent company of Topaz Solar Farms LLC.

104
TX Jumbo Road Wind, LLC
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ - $ 5,588

Total $ - $ 5,588

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
Refer to the financial statements of Berkshire Hathaway Energy Company, the parent company of TX Jumbo Road Wind, LLC.

105
Wailuku Investment, LLC
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ - $ 603

Total $ - $ 603

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
Refer to the financial statements of Berkshire Hathaway Energy Company, the parent company of Wailuku Investment, LLC.

106
BHE U.S. Transmission, LLC
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ - $ 934,612

Total $ - $ 934,612

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
Refer to the financial statements of Berkshire Hathaway Energy Company, the parent company of BHE U.S. Transmission, LLC.

107
Electric Transmission Texas, LLC
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received
Services
PacifiCorp Provided
Services

Administrative services under the Intercompany Administrative Services Agreement (“IASA”) $ - $ 22,738

Total $ - $ 22,738

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.

Electric Transmission Texas, LLC is not a consolidated subsidiary of Berkshire Hathaway Energy Company nor is it a
public company. Accordingly, its financial statements are not available.

108
Refer to the financial statements of Berkshire Hathaway Energy Company, the parent company of MidAmerican Central
California Transco, LLC.
MidAmerican Central California Transco, LLC
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ - $ 331,413

Total $ - $ 331,413

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
109
Refer to the financial statements of Berkshire Hathaway Energy Company, the parent company of MEHC Canada Transmission GP Corporation.
MEHC Canada Transmission GP Corporation
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received
Services
PacifiCorp Provided
Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ - $ 3,047,749

Total $ - $ 3,047,749

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
110
Metalogic Inspection Services Inc.
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative services under the Intercompany
Administrative Services Agreement (“IASA”) $ - $ 15,255

Total $ - $ 15,255

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Services were performed under the IASA. Direct charges are calculated as described in Article 4(a)(i) of the attached IASA. Refer to Section VII for discussion of amounts that were based on allocation factors. The amount in the table above reflects the cost of the services.
Refer to the financial statements of Berkshire Hathaway Energy Company, the parent company of Metalogic Inspection Services Inc.

111
PPW Holdings LLC
Affiliate Transactions
For the Year Ended December 31, 2014

Account Description PacifiCorp Received Services PacifiCorp Provided Services

N/A $ - $ -

Total $ - $ -

Basis of pricing N/A N/A
Cost of service N/A N/A
The margin of charges over costs N/A N/A
Assets allocable to the services N/A N/A
The overall rate of return on assets N/A N/A

During the year ended December 31, 2014, PacifiCorp paid dividends of $725,000,000 to PPW Holdings LLC. PacifiCorp is party to an income tax-sharing arrangement and is part of the Berkshire Hathaway Inc. United States
federal income tax return. For certain state income taxes, PacifiCorp is part of Berkshire Hathaway Energy Company (“BHE”) combined or consolidated state income tax returns. PacifiCorp’s provision for income taxes has been computed
on a stand-alone basis. PacifiCorp remits federal and certain state income tax payments to PPW Holdings LLC. PPW Holdings LLC then remits income tax payments to BHE, and BHE remits any federal income tax payments to Berkshire
Hathaway Inc. At December 31, 2014, PPW Holdings LLC owed PacifiCorp $134,718,814 and Pacific Minerals, Inc. owed PPW Holdings LLC $1,465,478 under this arrangement.

112
Current assets:
Accounts receivable, net 3,351$
Amounts due from affiliates 286
Deferred income taxes (24)
Total current assets 3,613
Property, plant and equipment, net 35,951
Investment in subsidiaries 7,766,933
Goodwill 1,126,641
Other assets 39,739
Total assets 8,972,877$
Current liabilities:
Accounts payable 20$
Current portion of long-term debt and captial lease obligations 23,023
Total current liabilities 23,043
Long-term debt and capital lease obligations 12,928
Deferred income taxes 436
Total liabilities 36,407
Equity:
Common stock -
Additional paid-in capital 6,217,086
Retained earnings 2,715,835
Accumulated other comprehensive income, net 3,549
Total equity 8,936,470
Total liabilities and equity 8,972,877$
LIABILITIES AND EQUITY
PPW HOLDINGS LLC
BALANCE SHEET
December 31, 2014
(Amounts in thousands)
ASSETS
113
Operating revenue -$
Operating costs and expenses:
Energy costs (27,051)
Operations and maintenance (412)
Depreciation and amortization 19,702
Total operating costs and expenses (7,761)
Operating income 7,761
Other income (expense):
Interest expense (7,349)
Interest income 2,593
Other 697,859
Total other income (expense)693,103
Income before income tax expense 700,864
Income tax expense 816
Net income 700,048
Net income attributable to noncontrolling interests 162
Net income attributable to PPW Holdings LLC 699,886$
PPW HOLDINGS LLC
STATEMENT OF OPERATIONS
For the Year Ended December 31, 2014
(Amounts in thousands)
114
PacifiCorp Foundation
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative support services $ - $ 210,174

Total $ - $ 210,174

Basis of pricing N/A (a)
Cost of service N/A (a)
The margin of charges over costs N/A None
Assets allocable to the services N/A None
The overall rate of return on assets N/A None

(a) Costs incurred by PacifiCorp on behalf of affiliates are charged at direct cost. Labor is charged at PacifiCorp’s fully loaded cost plus administrative and general expense.

115
12/31/2014
Assets:
Cash 101,488$
Restricted investments:
Cash and cash equivalents 256,825
Dividend receivable 8,752
Tax receivable 657
State Street investments 45,666,974
Total restricted investments 45,933,208
Total assets 46,034,696
Liabilities:
Accounts payable 21,465
Grants payable 37,500
Total liabilities 58,965
Net assets 45,975,731$
PacifiCorp Foundation
Statement of Financial Position
(in dollars)
(Unaudited - Internal Use Only)
116
Year-to-Date
Revenue and contributions:
Interest income 209$
Dividends 1,354,202
Realized gain/(loss) on sale of investment 1,376,449
Unrealized gain/(loss) on investment (397,445)
Capital gains on partnership investments 79,158
Miscellaneous income: security litigation income 2,699
Total revenues/(losses) and contributions 2,415,272
Expenses:
Grants:
Health, welfare and social services 313,500
Education 307,500
Culture and arts 152,000
Civic and community betterment 116,000
Giving campaign match 300,000
Matching gift program 88,024
Small community capital projects 269,000
Rocky Mountain Power Foundation special grants 20,000
Pacific Power Foundation special grants 20,000
Global Days of Service 60,000
Other Community Pledge -
Grants approved for future periods (17,500)
Total grants 1,628,524
Administrative expenses 220,097
Investment management fees 51,647
Consulting fees 10,473
Taxes 83,691
Bank fees 2,019
Total expenses 1,996,451
Net assets increase (decrease) 418,821
Net assets beginning of period 45,556,910
Net assets end of period 45,975,731$
(in dollars)
(Unaudited - Internal Use Only)
PacifiCorp Foundation
Statement of Income and Changes in Net Assets
For the Year Ended December 31, 2014
117
Energy West Mining Company
Intercompany Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Coal mining services $ 47,447,164 $ -
Information technology and administrative support services - 161,984
Information technology support services 217,570 -

Total $ 47,664,734 $ 161,984

Basis of pricing (a) (b)
Cost of service (a) (b)
The margin of charges over costs None None
Assets allocable to the services None None
The overall rate of return on assets None None

(a) Under the terms of the coal mining agreement between PacifiCorp and Energy West Mining Company (“Energy West”), Energy West provides coal mining services to PacifiCorp that are absorbed directly by PacifiCorp. Coal mining services are based on costs incurred to extract coal from PacifiCorp-owned coal reserves. PacifiCorp owns title to the assets used in the mining process. No profit is allowed. These costs are included in PacifiCorp’s fuel inventory, and as coal is consumed, the costs are charged to fuel expense at PacifiCorp. Costs incurred by Energy West on behalf of PacifiCorp are charged at direct cost. Labor is charged at Energy West’s fully loaded cost plus administrative and general expense. Energy West ceased mining operations in early January 2015. (b) Costs incurred by PacifiCorp on behalf of subsidiaries are charged at direct cost. Labor is charged at PacifiCorp’s fully loaded cost plus administrative and general expense.

The following items are excluded from the table above:
Management fees charged by Interwest Mining Company to Energy West in the amount of $786,300.•
• Premium expense for an excess loss insurance policy charged by Symetra Life Insurance Company to Energy West in the amount of $337,906.
Services provided by MidAmerican Energy Company to Energy West in the amount of $96,335.•

118
Current assets:
Cash and cash equivalents (129)$
Accounts receivable, net 48
Amounts due from affiliates 9,651
Other current assets 125
Total current assets 9,695
Long-term notes receivable - affiliates 110,681
Total assets 120,376$
Current liabilities:
Accounts payable 1,335$
Accrued employee expenses 8,026
Accrued property and other taxes 333
Total current liabilities 9,694
Pension and other post retirement obligations 110,681
Total liabilities 120,375
Equity:
Common stock -
Additional paid-in-capital 1
Total equity 1
Total liabilities and equity 120,376$
-
LIABILITIES AND EQUITY
ENERGY WEST MINING COMPANY
BALANCE SHEET
December 31, 2014
(Amounts in thousands)
ASSETS
119
Interwest Mining Company
Intercompany Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Administrative and financial support services $ 777,745 $ -
Financial support services and employee benefits - 729,835

Total $ 777,745 $ 729,835

Basis of pricing (a) (b)
Cost of service (a) (b)
The margin of charges over costs None None
Assets allocable to the services None None
The overall rate of return on assets None None

(a) Under the terms of a services agreement between PacifiCorp and Interwest Mining Company (“Interwest Mining”), administrative support services provided by Interwest Mining are fully absorbed by PacifiCorp and its affiliates, and charges for the services are based on labor, benefits and operational cost. No profit is allowed. Costs incurred by Interwest Mining on behalf of PacifiCorp for financial support services are charged at direct cost. Labor is charged at Interwest Mining’s fully loaded cost plus administrative and general expense.
(b) Costs incurred by PacifiCorp on behalf of subsidiaries are charged at direct cost. Labor is charged at PacifiCorp’s fully loaded cost plus administrative and general expense.
The following items are excluded from the table above:
• Services provided by MidAmerican Energy Company to Interwest Mining in the amount of $2,397.
• Services provided by BHE Renewables, LLC to Interwest Mining in the amount of $1,409.
• Management fees charged by Interwest Mining to Energy West Mining Company in the amount of $786,300
and to Pacific Minerals, Inc. (“PMI”) in the amount of $1,043,696. The amount charged to PMI was then charged by PMI to Bridger Coal Company.
• Board of directors fees and associated board meeting costs related to an Interwest Mining employee that serves on the Trapper Mining Inc. board of directors in the amount of $3,516.

120
Current assets:
Amounts due from affiliates 45$
Total assets 45$
Current liabilities:
Accrued employee expenses 26$
Accrued property and other taxes 18
Total liabilities 44
Equity:
Common stock -
Additional paid-in-capital 1
Total equity 1
Total liabilities and equity 45$
-
LIABILITIES AND EQUITY
INTERWEST MINING COMPANY
BALANCE SHEET
December 31, 2014
(Amounts in thousands)
ASSETS
121
Fossil Rock Fuels, LLC
Intercompany Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

N/A $ - $ -

Total $ - $ -

Basis of pricing N/A N/A
Cost of service N/A N/A
The margin of charges over costs N/A N/A
Assets allocable to the services N/A N/A
The overall rate of return on assets N/A N/A

During the year ended December 31, 2014, PacifiCorp made equity contributions to Fossil Rock Fuels, LLC in the
amount of $2,060,000.

122
Current assets:
Cash and cash equivalents 1,172$
Total current assets 1,172
Property, plant and equipment, net 30,137
Total assets 31,309$
Equity:
Common stock -$
Additional paid-in capital 31,323
Retained earnings (14)
Total equity 31,309
Total liabilities and equity 31,309$
-
LIABILITIES AND EQUITY
FOSSIL ROCK FUELS, LLC
BALANCE SHEET
December 31, 2014
(Amounts in thousands)
ASSETS
123
Operating revenue -$
Operating costs and expenses:
Operations and maintenance 3
Operating loss (3)
Other income (expense):
Interest expense -
Interest income -
Total other income (expense)-
Loss before income tax benefit (3)
Income tax benefit -
Net loss (3)$
FOSSIL ROCK FUELS, LLC
STATEMENT OF OPERATIONS
For the Year Ended December 31, 2014
(Amounts in thousands)
124
Pacific Minerals, Inc.
Intercompany Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

(a) $ - $ -

Total $ - $ -

Basis of pricing N/A N/A
Cost of service N/A N/A
The margin of charges over costs N/A N/A
Assets allocable to the services N/A N/A
The overall rate of return on assets N/A N/A

(a) Refer to Section III for information regarding loans and associated interest between PacifiCorp and Pacific Minerals, Inc. (“PMI”).

The following items are excluded from the table above:
• Management fees in the amount of $1,043,696 that were charged by Interwest Mining Company to PMI, and
then charged by PMI to Bridger Coal Company (“Bridger Coal”).
• Employee services provided by PMI to Bridger Coal. PMI is the entity that employs the individuals that work
for Bridger Coal. PMI charges Bridger Coal for these employees’ services, including labor, pensions and benefits costs. Bridger Coal then inherently charges PacifiCorp for its 66.67% share of this payroll expense in
the cost of fuel.
During the year ended December 31, 2014, Bridger Coal made equity distributions to PMI and PMI made equity contributions to Bridger Coal for a net distribution of $7,172,044.
PacifiCorp is party to an income tax-sharing arrangement and is part of the Berkshire Hathaway Inc. United States
federal income tax return. For certain state income taxes, PacifiCorp is part of Berkshire Hathaway Energy Company (“BHE”) combined or consolidated state income tax returns. PacifiCorp’s provision for income taxes has been computed
on a stand-alone basis. PacifiCorp remits federal and certain state income tax payments to PPW Holdings LLC. PPW Holdings LLC then remits income tax payments to BHE, and BHE remits any federal income tax payments to Berkshire
Hathaway Inc. At December 31, 2014, Pacific Minerals, Inc. owed PPW Holdings LLC $1,465,478 under this arrangement.

125
Current assets:
Cash and cash equivalents 8,454$
Amounts due from affiliates 6,146
Other current assets 234
Total current assets 14,834
Investment in unconsolidated subsidiaries 192,438
Other assets 1,435
Total assets 208,707$
Current liabilities:
Accounts payable (2)$
Amounts due to affiliates 1,512
Accrued employee expenses 3,083
Accrued property and other taxes 132
Total current liabilities 4,725
Deferred income taxes 20,512
Total liabilities 25,237
Equity:
Common stock -
Additional paid-in capital 47,960
Retained earnings 135,510
Total equity 183,470
Total liabilities and equity 208,707$
LIABILITIES AND EQUITY
PACIFIC MINERALS, INC.
BALANCE SHEET
December 31, 2014
(Amounts in thousands)
ASSETS
126
Operating revenue -$
Operating costs and expenses:
Taxes other than income taxes 39
Operating loss (39)
Other income (expense):
Interest expense (1)
Interest income 4
Other 21,629
Total other income (expense)21,632
Income before income tax expense 21,593
Income tax expense 7,445
Net income 14,148$
PACIFIC MINERALS, INC.
STATEMENT OF OPERATIONS
For the Year Ended December 31, 2014
(Amounts in thousands)
127
Bridger Coal Company
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Coal purchases (a) $ 136,492,800 $ -
Support services (b) 4,780 - Information technology and administrative support
services - 857,074

Total $ 136,497,580 $ 857,074

Basis of pricing (c) (d)
Cost of service (c) (d)
The margin of charges over costs None, (c) None
Assets allocable to the services None None
The overall rate of return on assets None None

(a) Represents the cost of coal purchased by PacifiCorp from Bridger Coal Company (“Bridger Coal”) during the year ended December 31, 2014 and is PacifiCorp’s 66.67% share equal to its ownership interest in Bridger Coal. Refer also to (c) below. (b) Includes $1,593 of amounts that were ultimately reimbursed by the joint owner of PacifiCorp’s Jim Bridger generating facility.
(c) Although coal purchased from Bridger Coal is priced at Bridger Coal’s cost plus a margin, coal purchases are reflected on PacifiCorp’s books at Bridger Coal’s cost and any margin is eliminated resulting in both fuel inventory and fuel expense being reflected at Bridger Coal’s cost in PacifiCorp’s state ratemaking and generally accepted accounting principles books. Costs are reflected as fuel inventory upon purchase and recognized as fuel expense as consumed.
(d) Costs incurred by PacifiCorp on behalf of Bridger Coal are charged at direct cost. Labor is charged at PacifiCorp’s fully loaded cost plus administrative and general expense. During the year ended December 31, 2014, Bridger Coal made equity distributions to Pacific Minerals, Inc. (“PMI”) and PMI made equity contributions to Bridger Coal for a net distribution of $7,172,044.
The following items are excluded from the table above:
• Management fees in the amount of $1,043,696 that were charged by Interwest Mining Company to PMI, and
then charged by PMI to Bridger Coal.
• Services provided by MidAmerican Energy Company to Bridger Coal in the amount of $38,698.
• Services provided by HomeServices of America, Inc. to Bridger Coal in the amount of $394,831.
• Employee services provided by PMI to Bridger Coal. PMI is the entity that employs the individuals that work for Bridger Coal. PMI charges Bridger Coal for these employees’ services, including labor, pensions and benefits costs. Bridger Coal then inherently charges PacifiCorp for its 66.67% share of this payroll expense as
part of the coal purchases shown in the table above.
128
129
130
131
Trapper Mining Inc.
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Coal purchases (a) $ 9,453,439 $ -
Board of directors fees and associated board meeting costs(b) - 3,285

Total $ 9,453,439 $ 3,285

Basis of pricing (c) (d)
Cost of service (c) (d)
The margin of charges over costs None, (c) (d)
Assets allocable to the services None (d)
The overall rate of return on assets None (d)

(a) Represents the cost of coal purchased by PacifiCorp from Trapper Mining Inc. during the year ended December 31, 2014. Refer also to (c) below.
(b) PacifiCorp and Interwest Mining Company each have an employee that serves on the Trapper Mining Inc. board of directors. The table excludes $3,516 related to the Interwest Mining Company employee. (c) Although coal purchased from Trapper Mining Inc. is priced at Trapper Mining Inc.’s cost plus a margin, coal purchases are reflected on PacifiCorp’s books at Trapper Mining Inc.’s cost and any margin is eliminated resulting in both fuel inventory and fuel expense being reflected at Trapper Mining Inc.’s cost in PacifiCorp’s state ratemaking and generally accepted accounting principles books. Costs are reflected as fuel inventory upon purchase and recognized as fuel expense as consumed. (d) Charges for board of directors fees and associated board meeting costs are based on a flat fee of $500 per board meeting plus lodging expenses.
During the year ended December 31, 2014, Trapper Mining Inc. paid a dividend of $94,048 to PacifiCorp.

132
Trapper Mining Inc.
Consolidated Balance Sheet
December 31, 2014
(Unaudited)
Assets:
Current Assets:
Cash & Cash Equivalents 14,781,811$
Accounts Receivable 3,381,231
Inventories 7,941,834
Prepaid and Other Current Assets 485,177
Current Reclamation Receivable from Buyers 310,237
Total Current Assets . . . . . . . . . . . . . . . . . . . . . . 26,900,290$
Property Plant and Equipment before FAS 143:
Lands and Leases 18,350,717$
Development Costs 2,834,815
Equipment and Facilities 118,987,034
Total Property Plant and Equipment (Cost) . . . . . 140,172,566$
Less Depreciation and Amortization (105,526,918)
Total Property Plant and Equipment (Net) . . . . . . 34,645,648$
FAS 143 Property Plant and Equipment (Net) . . . 7,122,208
Grand Total Property Plant and Equipment (Net) 41,767,856$
Reclamation Receivable from Buyers 16,495,855
Acquired GE Royalty - Net 0
Restricted Funds - Black Lung 500,000
Deferred Loan Fees - Net 24,021
Advance Royalty - State 206-13 30,000
Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85,718,022$
Liabilities and Members' Equity:
Current Liabilities:
Accounts Payable 1,695,956$
Accrued Payroll Expenses 3,028,936
Accrued Production Taxes 1,558,390
Accrued Royalties 361,771
Deferred Reclamation Revenue 0
Current Asset Retirement Liability 310,237
Current Portion Long-Term Debt 2,195,647
Total Current Liabilities . . . . . . . . . . . . . . . . . . . . 9,150,937$
Long-Term Debt 1,399,526
Asset Retirement Liability 23,618,063
Black Lung Liability 176,669
Total Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . 34,345,195$
Members' Equity
Paid in Capital @ 1/1/98 20,324,925$
Patronage Equity - Prior Year 26,330,539
Non-Patronage Equity - Prior Year 2,716,596
Patronage Equity - Current Year 2,094,231
Non-Patronage Equity - Current Year (93,464)
Total Members' Equity . . . . . . . . . . . . . . . . . . . . . . 51,372,827$
Total Liabilities and Members' Equity . . . . . . . . . 85,718,022$
133
TRAPPER MINING INC
CONSOLIDATED NET INCOME
AS OF: DECEMBER 31, 2014
NET INCOME NET INCOME
FOR THE MONTH YEAR TO DATE
TRAPPER MINING (2,691,037.41)$ 2,905,621.63
WILLIAMS FORK MINING (8.15) (1,179.16)
WILLIAMS FORK LAND (245,494.87) (902,225.19)
NET INCOME (LOSS) BEFORE TAX (2,936,540.43)$ 2,002,217.28$
CURRENT TAX PROVISION (1,450.00) (1,450.00)
TOTAL TAX PROVISION (1,450.00) (1,450.00)
NET INCOME (LOSS) AFTER TAX (2,937,990.43)$ 2,000,767.28
SALT RIVER 32.10%(75,533.08) (30,001.91)
TRI-STATE 26.57%(62,520.69) (24,833.36)
PACIFICORP 21.40%(50,355.39) (20,001.27)
PLATTE RIVER 19.93%(46,896.40) (18,627.36)
TOTAL NONPATRONAGE INCOME (LOSS) (235,305.56) (93,463.90)
SALT RIVER 32.10%(867,561.84) 672,248.21
TRI-STATE 26.57%(718,103.37) 556,437.23
PACIFICORP 21.40%(578,374.56) 448,165.47
PLATTE RIVER 19.93%(538,645.10) 417,380.27
TOTAL PATRONAGE INCOME (LOSS)(2,702,684.87) 2,094,231.18
TOTAL INCOME (LOSS)(2,937,990.43) 2,000,767.28
134
TRAPPER MINING INC
CONSOLIDATED PATRONAGE & NONPATRONAGE INCOME ALLOCATION
AS OF: DECEMBER 31, 2014
NET INCOME $NET INCOME
FOR THE MONTH YEAR TO DATE
TRAPPER PATRONAGE INCOME (2,457,190.00)
TRAPPER NONPATRON INCOME (235,297.41)
TOTAL TRAPPER INCOME (2,692,487.41)
WFMC NONPATRONAGE INCOME (8.15)
WFLC PATRONAGE INCOME (245,494.87)
TOTAL CONSOLIDATED INCOME (2,937,990.43)
SALT RIVER 32.10%(788,757.98) 961,862.50
TRI-STATE 26.57%(652,875.39) 796,158.46
PACIFICORP 21.40%(525,838.66) 641,241.66
PLATTE RIVER 19.93%(489,717.97) 597,193.75
TOTAL TRAPPER PATRONAGE (2,457,190.00) 2,996,456.37
SALT RIVER 32.10%(75,530.47) (29,623.40)
TRI-STATE 26.57%(62,518.53) (24,520.06)
PACIFICORP 21.40%(50,353.64) (19,748.93)
PLATTE RIVER 19.93%(46,894.77) (18,392.35)
TOTAL TRAPPER NONPATRON (235,297.41) (92,284.74)
TOTAL TRAPPER INCOME (2,692,487.41) 2,904,171.63
SALT RIVER 32.10%(2.61) (378.51)
TRI-STATE 26.57%(2.16) (313.30)
PACIFICORP 21.40%(1.75) (252.34)
PLATTE RIVER 19.93%(1.63) (235.01)
TOTAL WFMC NONPATRONAGE (8.15) (1,179.16)
SALT RIVER 32.10%(78,803.86) (289,614.29)
TRI-STATE 26.57%(65,227.98) (239,721.23)
PACIFICORP 21.40%(52,535.90) (193,076.19)
PLATTE RIVER 19.93%(48,927.13) (179,813.48)
TOTAL WFLC PATRONAGE (245,494.87) (902,225.19)
135
Huntington Cleveland Irrigation Company
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Annual assessment fees $ 528,309 $ -
Operation and inspection services 1,236 -

Total $ 529,545 $ -

Basis of pricing (a) N/A
Cost of service (a) N/A
The margin of charges over costs None N/A
Assets allocable to the services None N/A
The overall rate of return on assets None N/A

(a) Under section 501(c)12 of the Internal Revenue Code, Huntington Cleveland Irrigation Company operates at cost.

At December 31, 2014, PacifiCorp’s plant-in-service included the following assets related to Huntington Cleveland
Irrigation Company: $22,075,411 ($17,512,043 net of accumulated depreciation) for a water supply project (including allowance for funds used during construction and capital surcharge) and $1,471,639 ($489,798 net of accumulated
depreciation) for water rights.

136
137
138
139
140
Ferron Canal & Reservoir Company
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services(a) PacifiCorp Provided Services

Payment for water rights $ 623,112 $ -
Annual assessment fees 669,113 -
Credit received (229,276) -

Total $ 1,062,949 $ -

Basis of pricing (b) N/A
Cost of service (b) N/A
The margin of charges over costs None N/A
Assets allocable to the services None N/A
The overall rate of return on assets None N/A

(a) During the year ended December 31, 2014, PacifiCorp paid $623,112 for the right to obtain 7,000 acre feet of water for the year ended December 31, 2014. PacifiCorp received a credit of $229,276 representing PacifiCorp’s share of the water rights payment based on its
percentage ownership in Ferron Canal & Reservoir Company. (b) Under section 501(c)12 of the Internal Revenue Code, Ferron Canal & Reservoir Company operates at cost.

At December 31, 2014, PacifiCorp’s plant-in-service included the following asset related to Ferron Canal & Reservoir
Company: $383,772 ($159,640 net of accumulated depreciation) for water rights.

141
Dec 31, 14
ASSETS
Current Assets
Checking/Savings
DESERTVIEW CHECKING 630,875.71
DESERTVIEW FEDERAL CREDIT UNION
MASTER SHARES 163,508.88
SHARE ACCOUNT 27.99
Total DESERTVIEW FEDERAL CREDIT UNION 163,536.87
ZION'S BANK 166,132.19
Total Checking/Savings 960,544.77
Total Current Assets 960,544.77
TOTAL ASSETS 960,544.77
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
Payroll Liabilities 486.91
Total Other Current Liabilities 486.91
Total Current Liabilities 486.91
Total Liabilities 486.91
Equity
Retained Earnings 659,624.15
Net Income 300,433.71
Total Equity 960,057.86
TOTAL LIABILITIES & EQUITY 960,544.77
10:34 AM FERRON CANAL & RESERVOIR CO.
02/26/15 Balance Sheet
Cash Basis As of December 31, 2014
Page 1142
Jan - Dec 14
Income
INCOME 10,126.64
REVENUE 948,400.58
Total Income 958,527.22
Gross Profit 958,527.22
Expense
Bank Service Charge 14.55
EQUIPMENT
LEASE 4,120.00
TOOLS 90.88
EQUIPMENT - Other 2,211.25
Total EQUIPMENT 6,422.13
GENERAL
BOARDMEMBER 930.00
DREDGE 85,474.45
INSURANCE 19,638.00
LEGAL NOTICE 54.00
LOAN PAYMENTS 163,100.00
OFFICE SUPPLIES 3,625.42
PAYROLL EXPENSES 129,553.96
PERMITS 224.16
POWER 1,895.91
PROFESSIONAL SERVICES 29,343.58
REIMBURSEMENT 1,729.56
TELEPHONE 2,401.55
TRAVEL EXPENSE 549.20
VISA ACCOUNT 213.85
WATER/POP/GROCERIES 518.58
GENERAL - Other 39,617.20
Total GENERAL 478,869.42
IRRIGATION
REPAIRS 40,329.84
SUPPLIES 38,398.63
Total IRRIGATION 78,728.47
MAINTENANCE
EQUIPMENT REPAIRS 34,807.40
FUEL 22,316.42
SUPPLIES 35,276.08
MAINTENANCE - Other 953.54
Total MAINTENANCE 93,353.44
VEHICLES
REGISTRATION 705.50
Total VEHICLES 705.50
Total Expense 658,093.51
Net Income 300,433.71
10:32 AM FERRON CANAL & RESERVOIR CO.
02/26/15 Profit & Loss
Cash Basis January through December 2014
Page 1143
Cottonwood Creek Consolidated Irrigation Company
Affiliated Transactions
For the Year Ended December 31, 2014

Account Description
PacifiCorp Received Services PacifiCorp Provided Services

Annual assessment fees $ 303,268 $ -

Total $ 303,268 $ -

Basis of pricing (a) N/A
Cost of service (a) N/A
The margin of charges over costs None N/A
Assets allocable to the services None N/A
The overall rate of return on assets None N/A

(a) Cottonwood Creek Consolidated Irrigation Company is a not-for-profit entity that operates at cost. At December 31, 2014, PacifiCorp’s plant-in-service included the following assets related to Cottonwood Creek Consolidated Irrigation Company: $6,052,845 ($5,625,289 net of accumulated depreciation) for a water supply project (including allowance for funds used during construction and capital surcharge) and $65,431 ($27,218 net of accumulated
depreciation) for water rights.
144
Cottonwood Creek Consolidated lrrigation Company
General Ledger RePort
Date: ForThe Year Ended 31 December2014
Account Name
Beginning
Balance Receiots Disbursements
Ending
Balance
General Fund
Loan Payment
Interest Earnings
Stock Water Pipeline
Project Water Fund
River Commissioner
Pointer Ditch
Swasey Ditch
Peacock Ditch
Slaughter House Ditch
South Ditch
Stock Corral
Joes Valley
Black Canyon
Fund Adjustment Acct
Total General
o&M
Mammoth Canal
Clipper & Western Canal
Blue Cut Canal
O&M Reservoir
O&M lrrigation System
TotalO&M
Construction
Project Capitalization
C&W Pipeline Salinity
Adobe Wash Reservoir
Blue Cut Project
Upper Mamoth Project
Total Construction
223,149.43
0.00
0.00
66,970.86
0.00
23,351.43
1.46
938.46
675.97
212.89
44.10
175.18
3,623.34
4,337.03
13,907,085.86
7,660.08
1 5,576. 1 5
11,594.04
0.00
0.00
208,729.93
276,000,00
5,529.83
8,300.00
22,599.31
20,096.47
1,978.69
2,892.53
276,000.00
12,648.40
7,807.20
16,530.72
3,759.79
459.1 8
2,681,775.21
17,359.14
0.00
0.00
0.00
7,509,201.01
0.00
0.00
0.00
0.00
143,100.67
276,000.00
288,778.69
0.00
5,529.83
65,014.20
0 0 0
23,351.43
1.46
938 46
675.97
212.89
44.10
175.18
5,602.03
7,229.56
14,183,085.86
14,580,639.66
10,256.66
22,599.31
20,096.47
12,648.40 7,660.08
7 ,807 .20 15,576.15
16,530.72 11,594.04
3,759.79 0.00
459.18 0.00
34,830.27
1,163,169.63 9,027,806.59
45,687.93 (28,328.79)
43,101.21 (43,101.21)
1,682,498.42 (1,682,498.42)
411,540.16 (411,540.16)
6,862,338.01
Grand Totals 21.774.597 .29 3,562,466.40 3,859,255.75 21,477 ,807 .94145
Cottonwood Creek Consolidated lrrigation Company
Balance Sheet
Date: ForThe Year Ended 31 December2014
Account Name
Beginning
Balance
Receipts &
Transfers
Disbursements
Transfers
Ending
Balance
Cash On Hand 0.00
Checking - Zions Bank 1,580.24
Checking - Wells Fargo 115,322.67
Checking - WF Constr 2,615 24
Certificate WF Bond 10,475.00
Money Market - Zions 0.00
Accounts Receivable 9,905.68
Short Term - Wells Fargo 6,430,963.06
Property & Equipment 22,184,862.57
Liabilities Payable (2,799,296.80)
Loan - Utah Water Resource (4,181,830.37)
0.00
1,154,898.22
79,641.47
1,593,525.06
0.00
3,988,412.41
1,919.79
7,718.25
0.00
2,799,296.80
276,000.00
0.00
809,125.89
194,964.14
1,592,516.16
0.00
0.00
2,253.30
6,436,172.23
0.00
0.00
1 ,163,169.63
0.00
347,352.57
0.00
3,624.14
10,475.00
3,988,412.41
9,572.17
2,509.08
22,184,862.57
0.00
(5,069,000.00)
Totals 21.774.597.29 9,901,412.00 10,198,201 .35 21,477,807.94
146
III. Loans
The following information on loans to and from affiliates of PacifiCorp includes the following: A. The month-end amounts outstanding. B. The highest amount outstanding during the year, separately for short-term and long-term loans. C. A description of the terms and conditions, including basis for interest rates. D. The total amount of interest charged or credited and the weighted-average interest rate. E. Specify the commission order(s) approving the transaction where such approval is required by law.
147
Loan Summary
2014
PACIFIC
REQUIREMENTS MINERALS, INC.

III. For inter-company loans to / from affiliates:
A. The month-end amounts outstanding for short-term
and long-term loans:
Short-term loans:
January - December (a)
Long-term loans: N/A

B. The highest amount during the year separately for
short-term and long-term loans:
Maximum loan to affiliate:
Short-term loans:
Amount $4,170,000
Date May 1, 2014
Maximum loan to affiliate:
Long-term loans:
Amount N/A
Date N/A
Maximum loan from affiliate:
Short-term loans:
Amount $13,971,014
Date February 19, 2014
Maximum loan from affiliate:
Long-term loans:
Amount N/A
Date N/A

C. A description of the terms and Under the
conditions for loans including the terms and conditions of the
basis for interest rates: Umbrella Loan Agreement

D. The total amount of interest charged or credited and
the weighted average rate of interest separately for
short-term and long-term loans:
Short-term loans:
Interest expense charged $3,966
Interest income credited $1,454
(b)
Long-term loans:
Interest charged or credited N/A
E. Specify the commission order(s) approving the transaction where such
approval is required by law: Refer to Appendix A

(a) Refer to the following schedule for the detail of month-end loan amounts outstanding.
(b) Refer to the following schedule for the detail of interest charged or credited and the rates of interest.
148
PacifiCorp - Pacific Minerals, Inc.
Umbrella Loan Agreement Transactions Statement
Pacific Minerals, Inc. ("PMI")
2014

Month
Net Principal Advanced To PacifiCorp
Net Principal Repaid By PacifiCorp Principal Advanced To PMI Principal Repaid By PMI
Outstanding Month End Balance(a) Interest Rate Range
Interest Expense Incurred By PacifiCorp
Interest Income Earned By PacifiCorp
Jan-14 $ 11,138,894 $ 8,400,000 $ - $ - $ (11,354,089) 0.2500% - 0.2500% $ 1,265 $ -
Feb-14 9,416,925 6,800,000 - - (13,971,014) 0.2500% - 0.2500% 1,634 -
Mar-14 - 13,971,014 - - - 0.2390% - 0.2400% 1,067 -
Apr-14 - - - - - 0.2500% - 0.2500% - -
May-14 - - 4,170,000 4,170,000 - 0.2400% - 0.2400% - 501
Jun-14 - - 3,971,000 3,971,000 - 0.2400% - 0.2400% - 450
Jul-14 - - 1,289,000 1,289,000 - 0.2500% - 0.2500% - 179
Aug-14 - - 3,045,000 3,045,000 - 0.2500% - 0.2500% - 317
Sep-14 - - - - - 0.2500% - 0.2500% - -
Oct-14 - - - - - 0.2500% - 0.2500% - -
Nov-14 - - 75,000 75,000 - 0.2500% - 0.2500% - 7
Dec-14 - - - - - 0.3300% - 0.4350% - -
TOTAL $ 20,555,819 $ 29,171,014 $ 12,550,000 $ 12,550,000 $ 3,966 $ 1,454
(a) Outstanding month-end balances advanced to PacifiCorp are shown in parentheses, if applicable.
149
IV. Debt Guarantees
If the parent guarantees any debt of affiliated interests, identify the entities involved, the nature of the debt, the original amount, the highest amount during the year ended December 31, 2014 and the balance as of December 31, 2014.
PacifiCorp does not guarantee the debt of its subsidiaries or any of its affiliates.
150
V. Other Transactions
Other transactions (utility leasing of affiliate property, affiliate leasing of utility property, utility purchase of affiliate property, material or supplies and affiliate purchase of utility property, material or supplies) are as follows:
In January 2014, PacifiCorp and Kern River Gas Transmission Company (“Kern River”)
entered into an Agreement for the Mutual Exchange of Property Interests whereby PacifiCorp agreed to modify designs and incur additional right of way costs associated with its Terminal-
Oquirrh transmission line in order to eliminate the need for Kern River to relocate its existing natural gas pipelines. In exchange, Kern River agreed to allow PacifiCorp to occupy its
exclusive easements in certain locations in order for PacifiCorp to construct the transmission line. The value of the additional right of way that PacifiCorp will acquire has been determined
to be roughly equivalent to the value of obtaining right of way within Kern River's exclusive easements. As such, neither PacifiCorp nor Kern River collected or paid any funds from or to
each other for this transaction.
All other transactions are included in Section II. Transactions.

151
VI. Employee Transfers
By affiliate and job title, provide the total number of executive, management and professional/technical employees transferred to and from the utility. By affiliate, provide the total number of other employees transferred to and from the utility.

152
Report of PacifiCorp Employee Transfers to Affiliates During the Year Ended December 31, 2014

Affiliate Job Title Count
BHE Renewables, LLC Supervisor, Plant 1
Kern River Gas Transmission Company Systems Analyst 1 1
MidAmerican Energy Company Managing Director, Plant (Medium) 1
MidAmerican Energy Company Supervisor, Tax 1
NV Energy, Inc. Director, Customer Contract Center 1
NV Energy, Inc. Director, Origination 1
NV Energy, Inc. Senior Attorney 1
NV Energy, Inc. Vice President, Customer and Community
Affairs
1

Total 8

153
Report of PacifiCorp Employee Transfers from Affiliates During the Year Ended December 31, 2014

Affiliate Job Title Count
CalEnergy Generation Operating
Company
Vice President, Mining and Fuels 1

Kern River Gas Transmission Company Senior Vice President and Chief Commercial Officer 1
MidAmerican Energy Company Systems Analyst 1 1
MidAmerican Energy Company Supervisor, Tax 1
NV Energy, Inc. Senior Technician, Operations 1
NV Energy, Inc. Supervisor, Dispatch 1
Total 6

154
VII. Cost Allocations
A description of each intra-company cost allocation procedure and a schedule of cost amounts, by account, transferred between regulated and non-regulated segments of the company.

155
PacifiCorp Cost Allocation Manual For the Year Ended December 31, 2014
Overview/Introduction This section describes the allocation of costs between PacifiCorp and its affiliates. On March 31, 2006, PacifiCorp entered into an Intercompany Administrative Services Agreement
(“IASA”) between Berkshire Hathaway Energy Company (“BHE”) and its subsidiaries. PacifiCorp is an indirect subsidiary of BHE, a holding company based in Des Moines, Iowa, owning
subsidiaries that are primarily engaged in the energy business. Refer to attached IASA. The IASA covers:
a) services by executive, management, professional, technical and clerical employees; b) financial services, payroll processing services, employee benefits participation, supply chain and purchase order processing services, tax and accounting services, contract negotiation and administration services, risk management services, environmental services and engineering and technical services;
c) the use of office facilities, including but not limited to office space, conference rooms, furniture, equipment, machinery, supplies, computers and computer software, insurance policies and other personal property; and d) the use of automobiles, airplanes, other vehicles and equipment. Allocation Amounts and Methods BHE and subsidiaries to PacifiCorp
During the year ended December 31, 2014, PacifiCorp was allocated costs by its non-regulated
parent company, BHE, and certain of BHE’s subsidiaries, some of which are non-regulated, as part of the administrative services under the IASA. The amounts included in Section II – Transactions
include both direct charges and allocated amounts. The allocated amounts were as follows:
Name of entity
Total services received as reported in Section II - Transactions Amount of services based on allocations Berkshire Hathaway Energy Company $ 3,738,954 $ 2,305,233
MHC Inc. 116,352 98,733 MidAmerican Energy Company 5,659,614 3,612,935
Kern River Gas Transmission Company 148,029 3,599 Northern Natural Gas Company 2,320 658
NV Energy, Inc. 39,304 1,030 BHE Renewables, LLC 11,631 11,631
Total $ 9,716,204 $ 6,033,819

The amounts were allocated by BHE and its subsidiaries to PacifiCorp using nine different formulae during the year ended December 31, 2014. These formulae are as follows:
a) A two-factor formula based on the labor and assets of each of BHE’s subsidiaries. PacifiCorp’s
allocation percentage during the period of January 1 through November 30, 2014 was 33.05% and December 1 through December 31, 2014 was 29.05%.
b) The same two-factor formula as a) above, except excluding the labor and assets of BHE’s international subsidiaries. PacifiCorp’s allocation percentage during the period of January 1
156
through November 30, 2014 was 36.89% and December 1 through December 31, 2014 was 34.70%.
c) The same two-factor formula as b) above, except excluding the labor and assets of NVE Holdings, LLC subsidiaries. PacifiCorp’s allocation percentage during the period of January 1
through November 30, 2014 was 46.66% and December 1 through December 31, 2014 was 43.06%.
d) The same two-factor formula as b) above, except excluding the labor and assets of HomeServices of America, Inc. PacifiCorp’s allocation percentage during period of January 1
through November 30, 2014 was 39.64% and December 1 through December 31, 2014 was 38.18%.
e) A same two-factor formulas as a) above, except excluding the labor and assets of HomeServices of America, Inc. and BHE’s Philippine subsidiaries. PacifiCorp’s allocation percentage during
the period of January 1 through November 30, 2014 was 35.28% and December 1 through December 31, 2014 was 31.52%.
f) The same two-factor formulas as a) above, except excluding the labor and assets of NVE Holdings, LLC subsidiaries and BHE AltaLink Ltd. subsidiaries. PacifiCorp’s allocation
percentage during the period of January 1 through November 30, 2014 was 40.68% and December 1 through December 31, 2014 was 37.78%.
g) A formula to allocate legislative and regulatory costs to each of BHE’s subsidiaries based on where the legislative and regulatory employees spent their time. PacifiCorp’s allocation
percentage during the year ended December 31, 2014 was 15.00%. h) A formula based on the gross plant asset amounts of each of BHE’s subsidiaries. PacifiCorp’s
allocation percentage during the year ended December 31, 2014 was 33.09%. i) A formula based on shared Information Technology infrastructure that is owned and/or managed
by MidAmerican Energy Company. PacifiCorp’s allocation percentage during the year ended December 31, 2014 was 2.37%.
PacifiCorp to BHE and subsidiaries During the year ended December 31, 2014, PacifiCorp allocated costs to its non-regulated parent
company, BHE, and certain of BHE’s subsidiaries, some of which are non-regulated, as part of the administrative services under the IASA. The amounts included in Section II – Transactions include
both direct charges and allocated amounts. The allocated amounts were as follows:
Name of entity
Total services provided as reported in Section II - Transactions Amount of services based on allocations
Berkshire Hathaway Energy Company $ 257,866 $ 78,002 MidAmerican Energy Company 2,318,734 893,990
Midwest Capital Group, Inc. 1,165 1,095
MEC Construction Services Co. 50,577 686 HomeServices of America, Inc. 322,965 241,902
Iowa Realty Co., Inc. 24,724 13,965 Kern River Gas Transmission Company 563,688 82,341 Northern Natural Gas Company 426,990 254,318
NV Energy, Inc. 1,225,925 74,439 Nevada Power Company 157,647 55,013 Sierra Pacific Power Company 66,068 28,340
Northern Powergrid Holdings Company 23,779 19,509 CalEnergy Philippines 3,441 1,442
CE Casecnan Water and Energy Company, Inc. 146,951 -
BHE Renewables, LLC 197,365 167,119 CalEnergy Generation Operating Company 163,146 23,246
Cordova Energy Company LLC 8,439 7,949
Pinyon Pines Wind I, LLC 208 -
157
Pinyon Pines Wind II, LLC 265 - Solar Star California XIX, LLC 5,357 -
Solar Star California XX, LLC 5,357 -
Topaz Solar Farms LLC 10,724 - TX Jumbo Road Wind, LLC 5,588 -
Wailuku Investment, LLC 603 -
BHE U.S. Transmission, LLC 934,612 14,174 Electric Transmission Texas, LLC 22,738 -
MidAmerican Central California Transco, LLC 331,413 - MEHC Canada Transmission GP Corporation 3,047,749 - Metalogic Inspection Services, Inc. 15,255 5,542
Total $ 10,339,339 $ 1.963.072

The amounts were allocated by PacifiCorp to BHE and its subsidiaries using seven different formulae during the year ended December 31, 2014. These formulae are as follows:
a) A two-factor formula based on the labor and assets of each of BHE’s subsidiaries. The
percentage that PacifiCorp allocated to BHE and its subsidiaries during the period of January 1 through November 30, 2014 was 66.95% and December 1 through December 31, 2014 was 70.95%. b) The same two-factor formula as a) above, except excluding the labor and assets of BHE’s international subsidiaries. The percentage that PacifiCorp allocated to BHE and its subsidiaries during the period of January 1 through November 30, 2014 was 63.11% and December 1
through December 31, 2014 was 65.30%. c) The same two-factor formula as b) above, except excluding the labor and assets of NVE
Holdings, LLC subsidiaries. The percentage that PacifiCorp allocated to BHE and its subsidiaries during the period of January 1 through November 30, 2014 was 53.34% and December 1 through December 31, 2014 was 56.94%. d) The same two-factor formula as b) above, except excluding the labor and assets of HomeServices of America, Inc. The percentage that PacifiCorp allocated to BHE and its subsidiaries during the period of January 1 through November 30, 2014 was 60.36% and
December 1 through December 31, 2014 was 61.82%. e) The same two-factor formula as a) above, except excluding the labor and assets of HomeServices of America, Inc. and BHE’s Philippine subsidiaries. The percentage that PacifiCorp allocated to BHE and its subsidiaries during the period of January 1 through November 30, 2014 was 64.72% and December 1 through December 31, 2014 was 68.48%. f) A formula to allocate legislative and regulatory costs to each of BHE’s subsidiaries based on where the legislative and regulatory employees spent their time. The percentage that PacifiCorp allocated to BHE and its subsidiaries during the year ended December 31, 2014 was 85%. g) A formula based on shared Information Technology infrastructure that is owned and/or managed by MidAmerican Energy Company. The percentage that PacifiCorp allocated to BHE and its subsidiaries during the year ended December 31, 2014 was 97.63%.
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Appendix A
December 31, 2014 Affiliated Interest Report Oregon Public Utility Commission orders approving transactions with affiliates
Affiliate Order No. Docket No. Date Approved
BNSF Railway Company 07-323
09-504
10-090
10-089
12-348

UI 269
UI 288
UI 292
UI 293
UI 325
July 27, 2007
December 28, 2009
March 11, 2010
March 11, 2010
September 13, 2012
National Indemnity Company 13-322 UI 339 September 3, 2013
Marmon Utility LLC (a Marmon Holdings, Inc.
company)

11-189
11-191
11-200
UI 308
UI 309
UI 311
June 16, 2011
June 16, 2011
June 22, 2011
The Kerite Company (a Marmon Holdings, Inc. company)

10-409 UI 303 October 18, 2010
Marmon/Keystone Corporation 12-143 UI 319 April 24, 2012
Wells Fargo Home Equity

08-165 UI 277 March 12, 2008
Wells Fargo Securities, LLC 11-423
12-142
12-457
13-283
13-371
14-251
14-396
UI 315
UI 318
UI 328
UI 336
UI 340
UI 349
UI 351
October 26, 2011
April 24, 2012
November 26, 2012
August 6, 2013
October 16, 2013
July 8, 2014
November 12, 2014
U.S. Bancorp Investments, Inc.

14-251 UI 349 July 8, 2014
International Business Machines Corporation 12-227
12-228
12-385
13-100
UI 321
UI 322
UI 327
UI 330
June 19, 2012
June 19, 2012
October 9, 2012
March 26, 2013
175
Affiliate

Order No. Docket No. Date Approved
13-486
13-487
14-052
UI 341
UI 342
UI 344
December 19, 2013
December 19, 2013
February 18, 2014
American Express Travel Related Services
Company, Inc.
14-144 UI 346 April 30, 2014
Shaw Environmental, Inc. (a Chicago Bridge & Iron
Company N.V. company)
14-367 UI 350 October 28, 2014
Berkshire Hathaway Energy Company (formerly
known as MidAmerican Energy Holdings Company)

06-305 UI 249 June 19, 2006
MidAmerican Funding, LLC 06-305 UI 249 June 19, 2006
MHC Inc. 06-305 UI 249 June 19, 2006

MidAmerican Energy Company 06-305
11-190
11-400
UI 249
UI 310
UI 316
June 19, 2006
June 16, 2011
October 6, 2011
Midwest Capital Group, Inc. 06-305 UI 249 June 19, 2006

MEC Construction Services Co. 06-305 UI 249 June 19, 2006
HomeServices of America, Inc. 06-305
08-165
11-053
UI 249
UI 277
UI 304

June 19, 2006
March 12, 2008
February 11, 2011

Iowa Realty Co., Inc. 06-305 UI 249 June 19, 2006
Kern River Gas Transmission Company 06-305
06-683
09-503
11-400
UI 249
UI 255
UI 255 (1)
UI 316
June 19, 2006
December 26, 2006
December 28, 2009
October 6, 2011

MidAmerican Energy Holdings Company Insurance Services Ltd.

06-498 UI 253 August 24, 2006
Northern Natural Gas Company 06-305
11-400
UI 249
UI 316
June 19, 2006
October 6, 2011
176
Affiliate

Order No. Docket No. Date Approved

NV Energy, Inc. 06-305 UI 249 June 19, 2006
Nevada Power Company

06-305 UI 249 June 19, 2006
Sierra Pacific Power Company 06-305 UI 249 June 19, 2006
Northern Powergrid Holdings Company (formerly
CE Electric UK Funding Company)
06-305 UI 249 June 19, 2006
CalEnergy Philippines

06-305 UI 249 June 19, 2006
CE Casecnan Water and Energy Company, Inc. 06-305 UI 249 June 19, 2006
BHE Renewables, LLC (formerly known as
MidAmerican Renewables, LLC)
06-305 UI 249 June 19, 2006
Bishop Hill Interconnection LLC

06-305 UI 249 June 19, 2006
CalEnergy Generation Operating Company 06-305 UI 249 June 19, 2006
Cordova Energy Company LLC 06-305 UI 249 June 19, 2006

Pinyon Pines Wind I, LLC 06-305 UI 249 June 19, 2006
Pinyon Pines Wind II, LLC

06-305 UI 249 June 19, 2006
Solar Star California XIX, LLC 06-305 UI 249 June 19, 2006
Solar Star California XX, LLC

06-305 UI 249 June 19, 2006
Topaz Solar Farms, LLC 06-305 UI 249 June 19, 2006
TX Jumbo Road Wind, LLC

06-305 UI 249 June 19, 2006
Wailuku Investment, LLC 06-305 UI 249 June 19, 2006
BHE U.S. Transmission, LLC (formerly known as
MidAmerican Transmission, LLC)
06-305 UI 249 June 19, 2006
BHE Southwest Transmission Holdings, LLC

06-305 UI 249 June 19, 2006
Electric Transmission America, LLC 06-305 UI 249 June 19, 2006
Electric Transmission Texas, LLC

06-305 UI 249 June 19, 2006
MidAmerican Central California Transco LLC 06-305 UI 249 June 19, 2006
Midwest Power Transmission Iowa, LLC

06-305 UI 249 June 19, 2006
Midwest Power Transmission Illinois, LLC 06-305 UI 249 June 19, 2006
BHE Canada, LLC (formerly known as MEHC 06-305 UI 249 June 19, 2006
177
Affiliate

Order No. Docket No. Date Approved
Canada, LLC)
MEHC Canada Transmission GP Corporation

06-305 UI 249 June 19, 2006
Metalogic Inspection Services Inc. 06-305 UI 249 June 19, 2006
Metalogic Inspection Services, LLC

15-018 UI 353 January 28, 2015
MEHC Investment, Inc. 06-305 UI 249 June 19, 2006
M&M Ranch Acquisition Company, LLC 06-305 UI 249 June 19, 2006

Racom Corporation 11-276 UI 313 July 29, 2011
PPW Holdings LLC 06-305 UI 249 June 19, 2006

PacifiCorp Foundation 04-028 UI 223 January 15, 2004
Energy West Mining Company 91-513 UI 105 April 12, 1991

Interwest Mining Company 09-261 UI 286 July 7, 2009
Fossil Rock Fuels, LLC

11-482 UI 317 December 6, 2011
Pacific Minerals, Inc. (Umbrella Loan Agreement) 06-353 UI 1 (11) July 7, 2006
Bridger Coal Company 01-472 UI 189 June 12, 2001

Trapper Mining Inc. 94-1550 UI 140 October 12, 1994
Huntington Cleveland Irrigation Company 10-353 UI 300 September 10, 2010

Ferron Canal & Reservoir Company 10-345 UI 301 September 2, 2010
Cottonwood Creek Consolidated Irrigation
Company
11-332 UI 312 August 26, 2011

178