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HomeMy WebLinkAbout20210908Notice of Affiliate Transaction BHE Wind-Redacted.pdfYPecrrtConp .lICIiVES Tlmothy K Cla*seniorAttomey ?l?l 5[P -B PH 51 05 1107 ll4 North Tempk, Suile 320 Salt La*e City, IIT -81116 .i --. ,t ;. ,.1-1,, i"-, i$., ,.., *,801-2201565Ofrice ,,'': ;LU,.'r';iirr'-i.ri* Tbn C I o r l@t ac ifrc o rp. c o m VIA ELECTRONIC FILING September 8,2021 Idaho Public Utilities Commission 11331 West Chinden Boulevard Building 8 Suite 20lA Boise, Idaho 837 14-1021 Attention:Jan Noriyuki Commission Secretary PacifiCorp Notice of Affiliate Transaction- PacifiCorp and BHE Wind,LLC Case No. PAC-E-05-8 Dear Ms. Noriyuki: Pursuant to Commitmentl l7(2), incorporated in the Idaho Public Utilities Commission OrderNo. 29973,issued February 13,2006,as supplemented by OrderNo.29998 March 14,2006, in the above-referenced proceeding, approving the acquisition of PacifiCorp by MidAmerican Energy Holdings Company (now Berkshire Hathaway Energy Company or BHE), PacifiCorp hereby provides notice of an affiliated interest fansaction with BHE Wind, LLC (BHE Wind). PacifiCorp will be selling wind turbine equipment to BHE Wind. A verified copy of the Purchase and Sale Agreement and Bill of Sale (Agreements) are included with this Notice as Confidential Attachment A and Attachment B. PacifiCorp provides both confidential attachments subject to protection under IDAPA 31.01.01.067 and 31.01.01 .233, the Idatro Public Utilities Commission's Rules of Procedure No. 67 - Information Exempt from Public Review. This confidential business information is of significant commercial value, which could expose PacifiCorp to competitive injury and/or the potential for commercial fraud against PacifiCorp if disclosure is unrestricted. Therefore, PacifiCorp requests confidential treatnent on the basis that the documents contain valuable commercial information, including confidential marketing, cost, and financial information. PacifiCorp is a wholly-owned subsidiary of Berkshire Hathaway Energy Company (BHE). BHE Renewables, LLC (BHER) is also a wholly-owned subsidiary of BHE. BHE Wind is a wholly owned subsidiary of BHER. Therefore, BHE's ownership interest in PacifiCorp and BHE Wind creates an affiliate interest relationship between PacifiCorp and BHE Wind. Re: Idaho Public Utilities Commission September 8,2021 Page2 Based in Phoenix, Arizorra, BHE Wind owns wind projects that produce energy for both the wholesale market and for customers under long-term power agreements. PacifiCorp is transferring certain wind turbine equipment to BHE Wind to enable a project that BHE Wind is developing to qualiff for production tax credits @TCs). General Electric turbine equipment will be transferred from PacifiCorp to BHE Wind by a purchase and sale agreement priced at PacifiCorp's cost. This equipment is not necessary for the construction or safe harbor of PacifiCorp's recently developed wind projects and PacifiCorp has no additional projects to which the equipment could be deployed in order to qualifr such project for PTCs. Furthermore, the transfer of this surplus equipment, which has not been placed in service for PacifiCorp, will benefit customers by ceasing the continued accrual of costs for storage, maintenance, and allowance of funds used during construction on PacifiCorp's books before the equipment could be incorporated into a potential future wind energy project. Please do not hesitate to contact me if you have any questions. Sincerely, ,/.n.. tz., ,l' t'/^. ( I l- Timothy K. Clark Senior Attorney PacifiCorp Enclosures Confidential Attachment A.pdf Confidential Attachment B.pdf CONFIDENTIAL ATTACHMENT A PacifiCorp Notice of Affiliate Transaction to THIS ATTACHMENT IS CONFIDENTIAL IN ITS ENTIRETYAND IS PROVIDED UNDER SEPARATE COVER CONFIDENTIAL ATTACHMENT B PacifiCorp Notice of Affiliate Transaction to THIS ATTACHMENT IS CONFIDENTIAL IN ITS ENTIRETYAI\D IS PROVIDED T'I\DER SEPARATE COVER