20220527Affiliated Interest Report 2021.pdf

1407 West North Temple, Suite 330
Salt Lake City, Utah 84116
May 27, 2022
VIA ELECTRONIC DELIVERY
Jan Noriyuki
Commission Secretary
Idaho Public Utilities Commission
11331 W. Chinden Blvd.
Building 8 Suite 201A
Boise, ID 83714
RE: CASE NO. PAC-E-05-08
AFFILIATED INTEREST REPORT FOR CALENDAR YEAR 2021
Dear Ms. Noriyuki:
In accordance with Berkshire Hathaway Energy Holdings Company’s Transaction
Commitment #8 approved in Case No. PAC-E-05-08, attached for electronic filing is
PacifiCorp’s (d.b.a. Rocky Mountain Power) calendar year 2021 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,
Joelle Steward
Vice President, Regulation
Enclosures
cc w/o enclosure: Service List in Case No. PAC-E-05-08
RECEIVED
2022 MAY 27 PM 3:17
IDAHO PUBLIC
UTILITIES COMMISSION

PacifiCorp
Affiliated Interest Report

for the year ended December 31, 2021

Table of Contents I. Organization I. A. Officers and Directors 1. PacifiCorp Board of Directors and Committees of the Board of Directors
2. PacifiCorp Executive Officers
3. PacifiCorp Executive 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 electric utility company headquartered in Oregon that serves approximately
2.0 million retail electric customers in portions of Utah, Oregon, Wyoming, Washington, Idaho and California.
PacifiCorp is principally engaged in the business of generating, transmitting, distributing and selling electricity.
PacifiCorp's combined service territory covers approximately 141,500 square miles and includes diverse regional
economies across six states. No single segment of the economy dominates the combined service territory, which helps
mitigate PacifiCorp's exposure to economic fluctuations. In the eastern portion of the service territory, consisting of
Utah, Wyoming and southeastern Idaho, the principal industries are manufacturing, mining or extraction of natural
resources, agriculture, technology, recreation and government. In the western portion of the service territory,
consisting of Oregon, southern Washington and northern California, the principal industries are agriculture,
manufacturing, forest products, food processing, technology, government and primary metals. In addition to retail
sales, PacifiCorp 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. Certain PacifiCorp subsidiaries support its
electric utility operations by providing coal mining services.

PacifiCorp was incorporated under the laws of the state of Oregon in 1989 and its principal executive offices are
located at 825 N.E. Multnomah Street, Suite 1900, Portland, Oregon 97232, its telephone number is [phone]
and its internet address is www.pacificorp.com. 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 is an indirect wholly owned subsidiary of Berkshire Hathaway Energy Company ("BHE"), a holding company that owns a highly diversified portfolio of locally managed businesses principally engaged in the energy industry and is a consolidated subsidiary of Berkshire Hathaway Inc. ("Berkshire Hathaway"). All shares of PacifiCorp's common stock are indirectly owned by BHE. PacifiCorp also has shares of preferred stock outstanding that are subject to voting rights in certain limited circumstances. 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, 2021, including Berkshire Hathaway affiliates.
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Subsidiaries of PacifiCorp as of December 31, 2021

Name of Subsidiary Approximate Percentage of Voting Securities Owned State of Jurisdiction of Incorporation or Organization
Energy West Mining Company (a) 100% Utah
(b)
(c)
(d)
(a) Energy West Mining Company ceased mining operations in 2015. (b) Pacific Minerals, Inc. is a wholly owned subsidiary of PacifiCorp that holds a 66.67% ownership interest in Bridger Coal Company. (c) 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. (d) PacifiCorp is a minority owner in Trapper Mining Inc., a cooperative. On January 1, 2021, Tri-State Generation and Transmission Association, Inc. terminated its membership in the cooperative. The members are Salt River Project Agricultural Improvement and Power District (43.72%), PacifiCorp (29.14%) and Platte River Power Authority (27.14%).

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Berkshire Hathaway Energy Company*
Organization Chart
As of December 31, 2021
* 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 Form 10-K for the year ended December 31, 2021 (File No. 001-14881) at www.sec.gov.
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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, 2021 2. PacifiCorp executive officers during the year ended December 31, 2021 3. PacifiCorp executive officers and directors with affiliated positions as of December 31, 2021 The positions listed for the directors and executive officers in each of these sections are those positions that were held as of or during the year ended December 31, 2021, as indicated. Changes that occurred subsequent to December 31, 2021 (if any) are annotated.
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a) PacifiCorp Board of Directors and Committees of the Board of Directors during the year ended December 31, 2021 (a)
Director at During the Year Ended During the Year Ended
William J. Fehrman 666 Grand Avenue 27th Floor
Suite 2000

Suite 310

Suite 1900
27th Floor

Suite 2000
(a) On April 13, 2022, Scott W. Thon replaced William J. Fehrman on PacifiCorp’s Board of Directors. Committees of the Board of Directors: The Compensation Committee is the only PacifiCorp board committee. PacifiCorp’s Chair 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.

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(b) PacifiCorp Executive Officers during the year ended December 31, 2021 (a)
Officer at During the Year Ended During the Year Ended
Chair of the Board of Directors and Chief Executive Officer
William J. Fehrman 666 Grand Avenue 27th Floor Des Moines, Iowa 50309

Suite 2000
, Suite 310 Salt Lake City, Utah 84116 and 11/28/2018
and Suite 1900 Portland, Oregon 97232
(a) On April 13, 2022, Scott W. Thon replaced William J. Fehrman as PacifiCorp’s Chair of the Board of Directors and Chief Executive Officer.
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(c) PacifiCorp Executive Officers and Directors with Affiliated Positions as of December 31, 2021 Fehrman, William J. (a)
Business Entity Title

Bird, Stefan A.Business Entity Title
Hoogeveen, Gary W. Business Entity Title
Kobliha, Nikki L. Business Entity Title
Haack, Calvin D. Business Entity Title
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Haack, Calvin D. (continued) Title
Berkshire Hathaway Energy Foundation Treasurer BHE America Transco, LLC Vice President & Treasurer BHE B Inc. Senior Vice President & Chief Financial Officer BHE B Tax Equity Holdings LLC Manager (1) BHE B Tax Equity Holdings LLC Senior Vice President & Chief Financial Officer BHE Canada Holdings Corporation Director BHE Canada, LLC Manager (1) BHE Canada, LLC Vice President & Treasurer BHE Compression Services, LLC Manager (1) BHE Compression Services, LLC Treasurer BHE CS Holdings, LLC Manager (1) BHE CS Holdings, LLC Treasurer BHE GT&S, LLC Manager (1) BHE GT&S, LLC Senior Vice President & Chief Financial Officer BHE Infrastructure Group, LLC Manager (1) BHE Infrastructure Group, LLC Senior Vice President & Chief Financial Officer BHE Infrastructure Services, LLC Manager (1) BHE Infrastructure Services, LLC Senior Vice President & Chief Financial Officer BHE Investment Group LLC Manager (1) BHE Investment Group LLC Senior Vice President & Chief Financial Officer BHE Midcontinent Transmission Holdings, LLC Vice President & Treasurer BHE Pipeline Group, LLC Manager (1) BHE Pipeline Group, LLC Senior Vice President & Chief Financial Officer BHE Southwest Transmission Holdings, LLC Vice President & Treasurer BHE Texas Transco, LLC Vice President & Treasurer BHE U.K. Electric, Inc. Director BHE U.K. Electric, Inc. Vice President & Treasurer BHE U.K. Inc. Director BHE U.K. Inc. Vice President & Treasurer BHE U.K. Power, Inc. Director BHE U.K. Power, Inc. Vice President & Treasurer BHE U.S. Transmission, LLC Manager (1) CalEnergy Company, Inc. Director CalEnergy Company, Inc. Vice President & Treasurer
CalEnergy Pacific Holdings Corp. Director CalEnergy Pacific Holdings Corp. Vice President & Treasurer California Utility HoldCo, LLC Manager (1) California Utility HoldCo, LLC Vice President & Treasurer Carolina Gas Services, Inc. Assistant Treasurer Carolina Gas Transmission, LLC Assistant Treasurer
CE International Investments, Inc. Director CE International Investments, Inc. Vice President & Treasurer Cook Inlet Natural Gas Storage Alaska, LLC Vice President & Treasurer Cove Point GP Holding Company, LLC Assistant Treasurer Cove Point LNG, LP Assistant Treasurer Dakota Dunes Development Company Director
Dakota Dunes Development Company Vice President & Treasurer DCCO Inc. Director DCCO Inc. Vice President & Treasurer Eastern Brine, LLC Assistant Treasurer Eastern Energy Field Services Inc. Assistant Treasurer Eastern Energy Gas Holdings, LLC Assistant Treasurer
Eastern Energy Gas Holdings, LLC Director Eastern Energy Gas Holdings, LLC Manager (1) Eastern Gas Transmission and Storage, Inc. Assistant Treasurer
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Haack, Calvin D. (continued) Title
Eastern Gathering and Processing, Inc. Assistant Treasurer Eastern MLP Holding Company II, LLC Assistant Secretary Farmington Properties, Inc. Assistant Treasurer HomeServices of America, Inc. Board Member & Finance Committee Member IES Holding II, LLC Vice President & Treasurer Iroquois GP Holding Company, LLC Assistant Treasurer Iroquois, Inc. Assistant Treasurer JAX LNG, LLC Assistant Treasurer Kanstar Transmission, LLC Vice President & Treasurer Kern River Gas Transmission Company Vice President & Treasurer KR Holding, LLC Manager (1) M & M Ranch Acquisition Company, LLC Manager (1) M & M Ranch Acquisition Company, LLC Vice President & Treasurer M & M Ranch Holding Company, LLC Manager (1) M & M Ranch Holding Company, LLC Vice President & Treasurer Magma Netherlands B.V. Director Magma Netherlands B.V. Managing Director Magma Netherlands B.V. Vice President & Treasurer MEHC Investment, Inc. Director MES Holding, LLC Manager (1) MES Holding, LLC Vice President & Treasurer MHC Inc. Director MHC Inc. Vice President & Treasurer MHC Investment Company Director MHC Investment Company Vice President & Treasurer MidAmerican Central California Transco, LLC Vice President & Treasurer MidAmerican Energy Machining Services LLC Manager (1) MidAmerican Energy Machining Services LLC Vice President & Treasurer MidAmerican Funding, LLC Manager (1) MidAmerican Funding, LLC Vice President & Treasurer Midwest Capital Group Private Equity Holdings, LLC Manager (1) Midwest Capital Group Private Equity Holdings, LLC Senior Vice President & Chief Financial Officer Midwest Capital Group, Inc. Director Midwest Capital Group, Inc. Vice President & Treasurer
Midwest Power Midcontinent Transmission Development, LLC Manager (1) Midwest Power Midcontinent Transmission Development, LLC Vice President & Treasurer Midwest Power Transmission Arkansas, LLC Manager (1) Midwest Power Transmission Arkansas, LLC Vice President & Treasurer Midwest Power Transmission Iowa, LLC Manager (1) Midwest Power Transmission Iowa, LLC Vice President & Treasurer
Midwest Power Transmission Kansas, LLC Manager (1) Midwest Power Transmission Kansas, LLC Vice President & Treasurer Midwest Power Transmission Oklahoma, LLC Manager (1) Midwest Power Transmission Oklahoma, LLC Vice President & Treasurer Midwest Power Transmission Texas, LLC Manager (1) Midwest Power Transmission Texas, LLC Vice President & Treasurer
Modular LNG Holdings, Inc. Assistant Treasurer Montana Alberta Tie LP Inc. Director Montana Alberta Tie US Holdings GP Inc. Director MPT Heartland Development, LLC Manager (1) MPT Heartland Development, LLC Vice President & Treasurer MTL Canyon Holdings, LLC Vice President & Treasurer
NE Hub Partners, LLC Assistant Treasurer NiCHe LNG, LLC Assistant Treasurer NiCHe Storage Solutions, LLC Assistant Treasurer
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Haack, Calvin D. (continued) Title
NNGC Acquisition, LLC Manager (1) Northern Electric plc. Director Northern Natural Gas Company Director Northern Powergrid Holdings Company Director NVE Holdings, LLC Manager (1) NVE Holdings, LLC Vice President & Treasurer Pivotal JAX LNG, LLC Assistant Treasurer Pivotal LNG, Inc. Assistant Treasurer PPW Holdings LLC Manager (1) PPW Holdings LLC Vice President & Treasurer Rev LNG SSL BC LLC Assistant Treasurer Tioga Properties, LLC Assistant Treasurer Tongonan Power Investment, Inc. Vice President & Treasurer Visayas Geothermal Power Company Vice President & Treasurer Western Capital Group Private Equity Holdings, LLC Manager (1) Hocken, Natalie L. Business Entity Title
AltaLink Management Ltd. Director Berkshire Hathaway Energy Canada Foundation Member Berkshire Hathaway Energy Company Corporate Secretary Berkshire Hathaway Energy Company Senior Vice President & General Counsel Berkshire Hathaway Energy Foundation Director BHE America Transco, LLC Manager (1) BHE America Transco, LLC President BHE B Inc. Senior Vice President & General Counsel BHE Canada Holdings Corporation Director BHE Canada Holdings Corporation Executive Vice President & Secretary BHE Canada, LLC Executive Vice President & General Counsel BHE Canada, LLC Manager (1) BHE Compression Services, LLC Manager (1) BHE CS Holdings, LLC Manager (1) BHE GT&S, LLC Manager (1) BHE GT&S, LLC Senior Vice President & General Counsel BHE Infrastructure Group, LLC Manager (1) BHE Infrastructure Group, LLC Senior Vice President & General Counsel BHE Infrastructure Services, LLC Manager (1) BHE Infrastructure Services, LLC Senior Vice President BHE Investment Group LLC Manager (1) BHE Investment Group LLC Senior Vice President BHE Midcontinent Transmission Holdings, LLC Manager (1) BHE Midcontinent Transmission Holdings, LLC President BHE Pipeline Group, LLC Manager (1) BHE Pipeline Group, LLC Senior Vice President & General Counsel BHE Southwest Transmission Holdings, LLC Manager (1) BHE Southwest Transmission Holdings, LLC President BHE Texas Transco, LLC Manager (1) BHE U.K. Electric, Inc. Director BHE U.K. Electric, Inc. President BHE U.K. Inc. Director BHE U.K. Power, Inc. Director BHE U.K. Power, Inc. President BHE U.S. Transmission, LLC Manager (1) CalEnergy Company, Inc. Senior Vice President & General Counsel
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Hocken, Natalie L. (continued) Title
California Utility HoldCo, LLC Manager (1) California Utility HoldCo, LLC President Eastern Energy Gas Holdings, LLC Manager (1)
HomeServices of America, Inc. Director Kanstar Transmission, LLC Manager (1)
Kanstar Transmission, LLC President Kern River Gas Transmission Company Director KR Holding, LLC Manager (1) KR Holding, LLC Vice President & Secretary
M & M Ranch Acquisition Company, LLC Manager (1) M & M Ranch Acquisition Company, LLC President
M & M Ranch Holding Company, LLC Manager (1) M & M Ranch Holding Company, LLC President
MEHC Investment, Inc. Director MEHC Investment, Inc. Senior Vice President
MHC Inc. Director MHC Inc. Senior Vice President, General Counsel & Assistant Secretary
MHC Investment Company Director MidAmerican Central California Transco, LLC Manager (1)
MidAmerican Central California Transco, LLC President MidAmerican Energy Company Vice President
MidAmerican Funding, LLC Manager (1) Midwest Capital Group Private Equity Holdings, LLC Manager (1)
Midwest Capital Group Private Equity Holdings, LLC Senior Vice President & General Counsel Midwest Power Midcontinent Transmission Development, LLC Manager (1)
Midwest Power Midcontinent Transmission Development, LLC President Midwest Power Transmission Arkansas, LLC Manager (1)
Midwest Power Transmission Arkansas, LLC President Midwest Power Transmission Iowa, LLC Manager (1)
Midwest Power Transmission Iowa, LLC President Midwest Power Transmission Kansas, LLC Manager (1)
Midwest Power Transmission Kansas, LLC President Midwest Power Transmission Oklahoma, LLC Manager (1)
Midwest Power Transmission Oklahoma, LLC President Midwest Power Transmission Texas, LLC Manager (1)
Midwest Power Transmission Texas, LLC President Montana Alberta Tie LP Inc. Director
Montana Alberta Tie US Holdings GP Inc. Director MPT Heartland Development, LLC Manager (1)
MPT Heartland Development, LLC President MTL Canyon Holdings, LLC Manager (1)
MTL Canyon Holdings, LLC President NNGC Acquisition, LLC Manager (1)
Northern Natural Gas Company Director NVE Holdings, LLC Manager (1)
NVE Insurance Company, Inc. Director NVE Insurance Company, Inc. President
PPW Holdings LLC Manager (1) Western Capital Group Private Equity Holdings, LLC Manager (1)
Western Capital Group Private Equity Holdings, LLC Senior Vice President & General Counsel (1) For LLCs, a manager is the equivalent of a director.
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I. B. Changes in Ownership
Changes in Successive Ownership Between the Regulated Utility and Affiliated Interest for the year ended December 31, 2021
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, 2021. 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, 2021.

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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.
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, 2021. 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 supply and marketing activities, information technology, administrative support services and joint use services. Services provided by affiliates and charged to PacifiCorp related primarily to coal mining, the transportation of natural gas and coal, wholesale energy purchases and transmission of electricity, banking and lending services, travel services, employee relocation services, financial transactions related to energy hedging activity, administrative services provided under the IASA and mutual assistance provided under the Intercompany Mutual Assistance Agreement ("IMAA") among BHE and its affiliates. Refer to section III. Loans 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 provided 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. The narrative descriptions below are as of December 31, 2021 and do not contemplate changes subsequent to that date. American Express Travel Related Services Company, Inc. ("American Express Travel") – At December 31, 2021, Berkshire Hathaway held a 19.57% 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 card products and travel-related services to consumers and businesses around the world. American Express Travel provided PacifiCorp travel arrangement services. Apple Inc. ("Apple") – At December 31, 2021, Berkshire Hathaway held a 5.53% ownership interest in Apple Inc. Apple designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. In addition to its high-tech related activities, Apple owns several renewable electric generation facilities primarily for Apple's use; however, Apple has received permission to sell its surplus electricity into the marketplace at wholesale prices through spot transactions. PacifiCorp purchased wholesale energy from Apple. Bank of America Corporation ("B of A") – At December 31, 2021, Berkshire Hathaway held a 12.62% ownership interest in Bank of America. B of A is a financial institution serving individual consumers, small- and middle-market businesses, institutional investors, large corporations and governments with a full range of banking, investing, asset management and other financial and risk management products and services. B of A provided lending services to PacifiCorp.
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The Bank of New York Mellon Corporation ("BNY Mellon") – At December 31, 2021, Berkshire Hathaway held an 9.00% ownership interest in BNY Mellon. BNY Mellon engages in trust and custody activities, investment management services, banking services and various securities-related activities. BNY Mellon provided trustee, custodial and lending services to PacifiCorp. BNSF Railway Company ("BNSF") – 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. The Coca-Cola Company ("Coca-Cola") – At December 31, 2021, Berkshire Hathaway held a 9.26% ownership interest in Coca-Cola. Coca-Cola is a beverage company that owns, licenses and markets sparkling soft drinks, water,
enhanced water, sports drinks, juice, dairy and plant-based beverages, tea, coffee and energy drinks. Coca-Cola provided beverage machine services to PacifiCorp. Environment One Corporation ("Environment One") – an operating company of Precision Castparts Corp., which
is a wholly owned subsidiary of Berkshire Hathaway. Environment One is a manufacturer and provider of products and services for sewer systems and instruments used by electric utilities to protect and optimize the performance of
assets. Environment One provided PacifiCorp with certain mechanical parts, supplies, and services used by PacifiCorp’s large thermal generation plants, including vacuum pumps, cloud chamber assemblies and collector
analysis, cleaning and repair. FlightSafety International Inc. ("FlightSafety") – a wholly owned subsidiary of Berkshire Hathaway. FlightSafety provided aviation training to PacifiCorp.
Global Healthcare Product Solutions, LLC ("Global Healthcare") – At December 31, 2021, Berkshire Hathaway
held a 20.49% ownership interest in BYD Company Limited, which owns Global Healthcare. Global Healthcare is the authorized seller of BYD Company Limited face masks and disinfection gels. Global Healthcare provided hand
sanitizer necessary for PacifiCorp's COVID-19 preparedness efforts. Marmon Utility LLC – a wholly owned subsidiary of Marmon Holdings, Inc. ("Marmon"), in which Berkshire Hathaway held a 99.75% ownership interest at December 31, 2021. Marmon is an international association
of numerous manufacturing and service businesses in energy-related and other markets. Marmon subsidiary Marmon Utility LLC provided materials and supplies to PacifiCorp in the normal course of business.
Moody’s Investors Service ("Moody’s") – At December 31, 2021, Berkshire Hathaway held a 13.27% ownership
interest in Moody’s Corporation, which wholly owns Moody’s. Moody’s provided PacifiCorp with credit rating services.
NetJets Inc. ("NetJets") – a wholly owned subsidiary of Berkshire Hathaway. NetJets provided travel services to
PacifiCorp. Penn Machine Company LLC ("Penn") – a wholly owned subsidiary of Marmon. Penn provided equipment parts to PacifiCorp in the normal course of business.
U.S. Bancorp – At December 31, 2021, Berkshire Hathaway held a 9.71% 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, cash management, capital markets, insurance, trust and investment management, brokerage and leasing activities. U.S. Bancorp provided underwriting, banking and lending services to PacifiCorp.
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Berkshire Hathaway Energy Company – a holding company that owns a highly diversified portfolio of locally managed businesses principally engaged in the energy industry. BHE is a consolidated subsidiary of Berkshire Hathaway. As of January 31, 2022, Berkshire Hathaway owned 91.1% of BHE’s common stock. As of January 31, 2022, the balance of BHE's common stock is owned by family members and related or affiliated entities of the late Walter Scott, Jr., a former member of BHE’s Board of Directors (7.9% ownership interest as of January 31, 2022) and Gregory E. Abel, BHE’s Chair (1.0% ownership interest as of January 31, 2022). BHE and its subsidiaries
provided administrative services to PacifiCorp under the IASA. PacifiCorp also provided administrative services to BHE and its subsidiaries under the IASA. Refer to section VII. Cost Allocations for further discussion. BHE AltaLink Ltd. ("AltaLink") – an indirect wholly owned subsidiary of BHE Canada, LLC and the indirect
parent company of AltaLink, L.P., a regulated electric transmission-only company headquartered in Alberta, Canada. PacifiCorp provided administrative services to AltaLink under the IASA.
BHE Renewables, LLC ("BHE Renewables") – a wholly owned subsidiary of BHE. BHE Renewables was developed to oversee unregulated solar, wind, hydro and geothermal projects. PacifiCorp provided administrative services to BHE Renewables under the IASA. BHE Wind, LLC ("BHE Wind") – a wholly owned subsidiary of BHE Renewables. BHE Wind has projects that
produce energy for both the wholesale market and for customers under long-term power agreements. PacifiCorp sold wind turbines previously acquired from a third party to BHE Wind.
BHE U.S. Transmission, LLC ("BTL") – 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 provided administrative services to BTL under the IASA.
Electric Transmission Texas, LLC ("ETT") – a joint venture in which a wholly owned subsidiary of BTL holds a
50% ownership interest. ETT acquires, constructs, owns and operates electric transmission facilities within the Electric Reliability Council of Texas. PacifiCorp provided administrative services to ETT under the IASA.
MATL LLP ("MATL") – an indirect wholly owned subsidiary of BTL. MATL operates a merchant transmission
facility extending from Lethbridge, Alberta, Canada to Great Falls, Montana. PacifiCorp provided administrative services to MATL under the IASA.
MTL Canyon Holdings, LLC ("MTL") – a wholly owned subsidiary of BTL. MTL owns a 50% interest in
TransCanyon, LLC, an independent developer of electric transmission infrastructure for the western United States. PacifiCorp provided services to MTL 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 a 128-megawatt combined hydro and irrigation facility operated and maintained by CE Casecnan Water, and Energy Company, Inc. PacifiCorp provided administrative
services to CalEnergy Philippines under the IASA. HomeServices of America, Inc. ("HomeServices") – a wholly owned subsidiary of BHE. HomeServices is, through its operating subsidiaries, a residential real estate brokerage firm whose services include relocation services and
provided such services to employees of PacifiCorp and its affiliates. PacifiCorp provided administrative services to HomeServices under the IASA.
BHE GT&S, LLC ("BHE GT&S") –a wholly owned subsidiary of BHE Pipeline Group, LLC. BHE GT&S is an interstate natural gas transmission and storage company that operates in the eastern United States. PacifiCorp provided administrative services to BHE GT&S under the IASA.
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Kern River Gas Transmission Company ("Kern River") – an indirect wholly owned subsidiary of BHE Pipeline Group, LLC. 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 provided transportation of natural gas to certain PacifiCorp generating facilities in Utah and provided administrative services to PacifiCorp under the IASA.
PacifiCorp provided administrative services to Kern River under the IASA. Northern Natural Gas Company ("Northern Natural") – an indirect wholly owned subsidiary of BHE Pipeline Group, LLC. Northern Natural owns the largest interstate natural gas pipeline system in the United States, as measured
by pipeline miles, which reaches from west Texas to Michigan's Upper Peninsula. Northern Natural primarily transports and stores natural gas for utilities, municipalities, gas marketing companies and industrial and commercial
users. Northern Natural provided administrative services to PacifiCorp under the IASA. PacifiCorp also provided administrative services to Northern Natural under the IASA. BHE Compression Services, LLC ("BHE Compression") – an indirect wholly owned subsidiary of BHE Pipeline
Group, LLC. BHE Compression provides natural gas compression services. PacifiCorp provided administrative services to BHE Compression 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 provided mutual assistance to PacifiCorp under the IMAA and administrative services
to PacifiCorp under the IASA. PacifiCorp also provided administrative services to MEC under the IASA. 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
provided administrative services to MCG under the IASA. MidAmerican Energy Services, LLC ("MES") – an indirect wholly owned subsidiary of BHE. MES is a nonregulated energy business consisting of competitive electricity and natural gas retail sales. PacifiCorp provided
administrative services under the IASA. BHE Infrastructure Group, LLC ("BHE Infrastructure") – an indirect wholly owned subsidiary of BHE. BHE Infrastructure holds a 100% interest in BHE Infrastructure Services, LLC. PacifiCorp provided administrative services
to BHE Infrastructure 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)
Limited and Northern Powergrid (Yorkshire) plc. Northern Powergrid also owns a meter asset rental business that leases smart meters to energy suppliers in the United Kingdom and Ireland, 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 provided administrative services to Northern Powergrid under the IASA. NV Energy, Inc. ("NV Energy") – an indirect wholly owned subsidiary of BHE. NV Energy is an energy holding company owning subsidiaries that are public utilities that are principally engaged in the business of generating,
transmitting, distributing and selling electricity and distributing, selling and transporting natural gas. NV Energy provided administrative services to PacifiCorp under the IASA. PacifiCorp also provided administrative services to NV Energy under the IASA. Nevada Power Company ("Nevada Power") – a wholly owned subsidiary of NV Energy. Nevada Power is a regulated electric utility company serving retail customers in Nevada. PacifiCorp purchased wholesale energy and
transmission services from Nevada Power and paid Nevada Power for its share of the costs to operate and maintain assets on the Harry Allen substation. PacifiCorp sold wholesale energy and transmission services to Nevada Power. Nevada Power also provided administrative services to PacifiCorp under the IASA. PacifiCorp also provided administrative services to Nevada Power under the IASA.
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Sierra Pacific Power Company ("Sierra Pacific") – a wholly owned subsidiary of NV Energy. Sierra Pacific is a regulated electric and natural gas utility company serving retail electric customers and retail and transportation natural gas customers in Nevada. PacifiCorp purchased wholesale energy and transmission services from Sierra Pacific. PacifiCorp sold transmission services to Sierra Pacific. Sierra Pacific provided mutual assistance to PacifiCorp under the IMAA and administrative services to PacifiCorp under the IASA. PacifiCorp also provided administrative services to Sierra Pacific under the IASA.
PPW Holdings LLC – the holding company for PacifiCorp and a direct subsidiary of BHE. PacifiCorp pays dividends to PPW Holdings LLC. PPW Holdings LLC remits income taxes on behalf of PacifiCorp to BHE. 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 66.67% owned by PMI and 33.33% owned by IERC. Bridger Coal jointly operates the Bridger surface and Bridger underground coal mines to supply coal to the
Jim Bridger generating facility. The Jim Bridger generating facility is 66.67% owned by PacifiCorp and 33.33% owned by Idaho Power Company. The Bridger underground mine ceased coal production in 2021. PacifiCorp provided
information technology and administrative services to Bridger Coal. Trapper Mining Inc. – a cooperative in which, as of December 31, 2021, PacifiCorp held a 29.14% interest, the Salt River Project Agricultural Improvement and Power District, an unaffiliated entity, held a 43.72% interest and the
Platte River Power Authority, an unaffiliated entity, held a 27.14% interest. On January 1, 2021, Tri-State Generation and Transmission Association, Inc. terminated its membership in the cooperative. Trapper Mining Inc. was formed to
supply coal to the Craig generating facility. The Craig generating facility is 19.28% owned by PacifiCorp. In addition to Trapper Mining Inc. providing coal to PacifiCorp, two PacifiCorp employees served on the Trapper Mining Inc.
board of directors. PacifiCorp was compensated for this service. 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 provided administrative services to the PacifiCorp Foundation.
Cottonwood Creek Consolidated Irrigation Company ("CCCIC") – a non-profit mutual irrigation company,
which is a privately owned water stock company. PacifiCorp holds approximately 23.73% of the outstanding water stock in CCCIC. PacifiCorp paid 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 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. Ferron Canal & Reservoir Company ("FCRC") – a non-profit mutual irrigation company, which is a privately owned water stock company. PacifiCorp holds approximately 36.82% of the outstanding water stock in FCRC.
PacifiCorp paid annual assessment fees to FCRC to help cover its operating and maintenance costs, as well as other costs pertinent to conducting its business, in exchange for access to water used by PacifiCorp’s Hunter generating
facility. PacifiCorp also contracts additional water from FCRC, which is made available to the Hunter generating facility through a long-term agreement between FCRC and PacifiCorp. The agreement calls for PacifiCorp to make
an annual payment to FCRC and in return, FCRC provides PacifiCorp up to 7,000 acre-feet of water. Huntington Cleveland Irrigation Company ("HCIC") – a non-profit mutual irrigation company, which is a privately owned water stock company. PacifiCorp holds approximately 34.12% of the outstanding water stock in
HCIC. PacifiCorp paid 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 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.
17
I. D. Financial Statements
Financial statements or trial balances of the affiliated entity for the year ended December 31, 2021, are included in section II. Transactions.
18
II. Transactions
The following pages include the following information about services (1) 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 the following page for a summary of the transactions included in this section. Refer to Appendix A for a discussion of Oregon Public Utility Commission orders approving transactions with affiliates.
At times, consolidated and unconsolidated subsidiaries of PacifiCorp directly transact with one another. Additionally, consolidated and unconsolidated subsidiaries of PacifiCorp may transact directly with Berkshire Hathaway Energy Company ("BHE") and its subsidiaries. As PacifiCorp is not a 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 of payments related to wages and benefits associated with transferred employees within the BHE group. (1) In section II. Transactions, the term "services" as used in the headers "PacifiCorp Received Services" and "PacifiCorp Provided Services" encompasses both service and non-service transactions, which may include, but is not limited to, goods, assets and fees.
19
Total TotalOwnershipPacifiCorpPacifiCorpInterestPacifiCorpPacifiCorpReceived and PacifiCorp PacifiCorp Received andas of Received Provided Provided Received Provided ProvidedAffiliated Entity 12/31/2021 Services Services Services Services Services Services
American Express Travel Related Services Company, Inc.19.57%-$ -$ -$ 9,661$ -$ 9,661$
Apple Inc.5.53%- - - 224,833 - 224,833
Bank of America Corporation 12.62%- - - 568,032 - 568,032
The Bank of New York Mellon Corporation 9.00%- - - 495,036 - 495,036
BNSF Railway Company 100.00%- - - 19,321,838 - 19,321,838
The Coca-Cola Company 9.26%- - - 15,600 - 15,600
Environment One Corporation 100.00%- - - 13,422 - 13,422
FlightSafety International Inc.100.00%- - - 25,200 - 25,200
Global Healthcare Product Solutions, LLC 20.49%- - - 309 - 309
Marmon Utility LLC 99.75%- - - 1,917,972 - 1,917,972 Moody's Investors Service 13.27%- - - 657,224 - 657,224
NetJets Inc.100.00%- - - 222,331 - 222,331 Penn Machine Company LLC 99.75%- - - 19,642 - 19,642
U.S. Bancorp 9.71%- - - 909,561 - 909,561 Berkshire Hathaway Energy Company 91.10%8,526,790 4,081,647 12,608,437 - - -
BHE AltaLink Ltd.100.00%- 98,987 98,987 - - -
BHE Renewables, LLC 100.00%- 227,750 227,750 - - -
BHE Wind, LLC 100.00%- -- - 6,313,358 6,313,358
BHE U.S. Transmission, LLC 100.00%- 9,761 9,761 - - -
Electric Transmission Texas, LLC 50.00%- 5,110 5,110 - - -
MATL LLP 99.50%- 8,823 8,823 - - -
MTL Canyon Holdings, LLC 100.00%- 16,376 16,376 - - -
CalEnergy Philippines various - 668 668 - - -
HomeServices of America, Inc.100.00%- 109,556 109,556 195,559 - 195,559
BHE GT&S, LLC 100.00%- 1,581,023 1,581,023 - - -
Kern River Gas Transmission Company 100.00%3,131 89,862 92,993 3,301,825 208,000 3,509,825
Northern Natural Gas Company 100.00%76,663 178,353 255,016 - - -
BHE Compression Services, LLC 100.00%- 920 920 - - -
MidAmerican Energy Company 100.00%8,354,366 671,846 9,026,212 238,130 - 238,130
Midwest Capital Group, Inc.100.00%- 209 209 - - -
MidAmerican Energy Services, LLC 100.00%- 11,747 11,747 - - -
BHE Infrastructure Group, LLC 100.00%- 11,401 11,401 - - -
Northern Powergrid Holdings Company 100.00%- 160,227 160,227 - - -
NV Energy, Inc.100.00%15,001 283,189 298,190 - - -
Nevada Power Company 100.00%347,087 239,119 586,206 2,977,769 421,720 3,399,489 Sierra Pacific Power Company 100.00%42,068 144,540 186,608 147,038 48,648 195,686
PPW Holdings LLC 100.00%- - - - - - Pacific Minerals, Inc.100.00%- - - - - -
Bridger Coal Company 66.67%- - - 132,364,302 1,163,993 133,528,295 Trapper Mining Inc.29.14%- - - 16,006,250 3,089 16,009,339
PacifiCorp Foundation 0.00%- - - - 118,686 118,686
Cottonwood Creek Consolidated Irrigation Company 23.73%- - - 338,573 - 338,573
Ferron Canal & Reservoir Company 36.82%- - - 920,344 - 920,344
Huntington Cleveland Irrigation Company 34.12%- - - 534,981 - 534,981
Total Affiliated Services by Category 17,365,106$ 7,931,114$ 25,296,220$ 181,425,432$ 8,277,494$ 189,702,926$
(1)Intercompany Administrative Services Agreement
Non-IASA goods and servicesServices provided pursuant to the IASA (1)
Summary of transactions included in Section II for the Year Ended December 31, 2021
20
PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Travel arrangement services 9,661$ -$
Total 9,661$ -$
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)
statements are not available.The financial statements of 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, 2021 (File No. 001-7657) at www.sec.gov.
American Express Travel Related Services Company, Inc.
Affiliated Transactions
For the Year Ended December 31, 2021
standard pricing.
21
AMERICAN EXPRESS COMPANY
CONSOLIDATED STATEMENTS OF INCOME
Year Ended December 31 (Millions, except per share amounts) 2021 2020 2019
Revenues
Non-interest revenues
Discount revenue $ 25,727 $ 20,401 $ 26,167
Net card fees 5,195 4,664 4,042
Other fees and commissions 2,392 2,163 3,297
Other 1,316 874 1,430
Total non-interest revenues 34,630 28,102 34,936
Interest income
Interest on loans 8,850 9,779 11,308
Interest and dividends on investment securities 83 127 188
Deposits with banks and other 100 177 588
Total interest income 9,033 10,083 12,084
Interest expense
Deposits 458 943 1,559
Long-term debt and other 825 1,155 1,905
Total interest expense 1.283 2,098 3,464
Net interest income 7,750 7,985 8,620
Total revenues net of interest expense 42,380 36,087 43,556
Provisions for credit losses
Card Member receivables (73)1,015 963
Card Member loans (1,155) 3,453 2,462
Other (191)262 148
Total provisions for credit losses (1,419) 4,730 3,573
Total revenues net of interest expense after provisions for credit losses 43,799 31,357 39,983
Expenses
Marketing and business development 9,053 6,747 7,125
Card Member rewards 11,007 8,041 10,439
Card Member services 1,993 1,230 2,223
Salaries and employee benefits 6,240 5,718 5,911
Other, net 4,817 5,325 5,856
Total expenses 33,110 27,061 31,554
Pretax income 10,689 4,296 8,429
Income tax provision 2,629 1,161 1,670
Net income $ 8,060 $ 3,135 $ 6,759
Earnings per Common Share -(Note 21)<•>
Basic $ 10.04 $ 3.77 $ 8.00
Diluted $ 10.02 $ 3.77 $ 7.99
Average common shares outstanding for earnings per common share:
Basic 789 805 828
Diluted 790 806 830
(a)Represents net income less (i) earnings allocated to participating share awards of $56 million, $20 million and $47 million for the yearsended December 31. 2021, 2020 and 2019, respectively, (ii) dividends on preferred shares of $71 million, $79 million and $81 million forthe years ended December 31, 2021, 2020 and 2019, respectively, and (iii) equity-related adjustments of $16 million related to theredemption of preferred shares for the year ended December 31, 2021.
22
AMERICAN EXPRESS COMPANY
CONSOLIDATED BALANCE SHEETS
December 31 (Millions, except share data)2021 2020
Assets
Cash and cash equivalents
Cash and due from banks (includes restricted cash of consolidated variable interest entities: 2021, $11; 2020, nil) $ 1,292 $ 2,984
lnterest-bearin� de$osits in other banks (includes securities purchased under resale agreements:2021, $463; 20 0, 92) 20,548 29,824
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2021, $32; 2020, $47) 188 157
Total cash and cash equivalents 22,028 32,965
Card Member receivables �ncludes gross receivables available to settle obligations of a consolidated 53,581 43,434 variable interest entity: 20 1, $5,175; 2020, $4,296), less reserves for credit losses: 2021, $64; 2020,$267
Card Member loans (includes �oss loans available to settle obligations of a consolidated variable 85,257 68,029 interest entity: 2021, $26,587; 020, $25,908), less reserves for credit losses: 2021, $3,305; 2020, $5,344
Other loans, less reserves for credit losses: 2021, $52; 2020, $238 2,859 2,614
Investment securities 2,591 21,631
Premises and equipment, less accumulated depreciation and amortization: 2021, $8,602; 2020, $7,540 4,988 5,015
Other assets, less reserves for credit losses: 2021, $25; 2020, $85 17,244 17,679 Total assets $ 188,548 $ 191,367
Liabilities and Shareholders' Equity
Liabilities
Customer deposits $ 84,382 $ 86,875
Accounts payable 10,574 9,444
Short-term borrowings 2,243 1,878
Long-term debt (includes debt issued by consolidated variable interest entities: 2021, $13,803; 2020, $12,760) 38,675 42,952
Other liabilities 30,497 27,234
Total liabilities $ 166,371 $ 168,383
Contingencies and Commitments (Note 12)
Shareholders' Equity
Preferred shares, $1.66213 par value, authorized 20 million shares; issued and outstanding 1,600 shares as of December 31, 2021 and 2020 (Note 16)
Common shares, $0.20 !Jar value, authorized 3.6 billion shares; issued and outstanding 761 millionshares as of December 1, 2021 and 805 million shares as of December 31, 2020 153 161
Additional paid-in capital 11,495 11,881
Retained earnings 13,474 13,837
Accumulated other comprehensive income (loss)
Net unrealized debt securities gains, net of tax of: 2021, $7; 2020, $20 23 65
Foreign currency translation adjustments, net of tax of: 2021, $(330); 2020, $(381) (2,392) (2,229)
Net unrealized pension and other postretirement benefits, net of tax of: 2021, $(184); 2020, $(236) (576)(731)
Total accumulated other comprehensive income (loss) (2,945) (2,895)
Total shareholders' equity 22,177 22,984
Total liabilities and shareholders' equity $ 188,548 $ 191,367
23
PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Wholesale energy purchases 224,833$ -$
Total 224,833$ -$
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)
ended September 25, 2021 (File No. 001-36743) at www.sec.gov.
Apple Inc.
Affiliated Transactions
For the Year Ended December 31, 2021
24
25
26
PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Underwriting services (a)487,500$ -$
Lending services (b)80,532 -
Total 568,032$ -$
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)
(b)
Bank of America Corporation
Affiliated Transactions
For the Year Ended December 31, 2021
10-K for the year ended December 31, 2021 (File No. 001-6523) at www.sec.gov
certain transactions and at negotiated rates below standard pricing for certain transactions.
27
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PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Underwriting services (a)262,500$ -$
Trustee, custodial and lending services (b)232,536$ -$
Total 495,036$ -$
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)
(b)
The following item is excluded from the table above:
Corporation's Form 10-K for the year ended December 31, 2021 (File No. 001-35651) at www.sec.gov.
The Bank of New York Mellon Corporation
Affiliated Transactions
For the Year Ended December 31, 2021
business at standard pricing.
plan master trust and post-retirement health and welfare benefit plan trust.Trustee fees are paid by the
trusts,however the expenses flow through to PacifiCorp's net periodic benefit cost.For the year ended
December 31, 2021, the plans paid $234,843 for these trustee and custodial services.
offering.
30
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33
PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Rail services 19,211,385$ -$
Right-of-way fees 110,453 -
Total 19,321,838$ -$
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)
Consolidated Financial Statements for the year ended December 31, 2021 at www.bnsf.com.
BNSF Railway Company
Affiliated Transactions
For the Year Ended December 31, 2021
footage.
34
BNSF Railway Company and Subsidiaries
Consolidated Statements of Income
In millions
Years ended December 31,
2021 2020 2019
Revenues $ 22,513 $ 20,180 $ 22,745
Operating expenses:
Compensation and benefits 4,696 4,542 5,270
Fuel 2,766 1,789 2,944
Depreciation and amortization 2,442 2,458 2,389
Purchased services 2,066 1,996 2,086
Equipment rents 677 664 758
Materials and other 1,035 988 1,239
Total operating expenses 13,682 12,437 14,686
Operating income 8,831 7,743 8,059
Interest expense 28 37 57
Interest income, related parties (433)(462)(892)
Other (income) expense, net (96)(83)(229)
Income before income taxes 9,332 8,251 9,123
Income tax expense 2,226 1,985 2,216
Net income $ 7,106 $ 6,266 $ 6,907
35
BNSF Railway Company and Subsidiaries
Consolidated Balance Sheets
In millions
Assets
Current assets:
Cash and cash equivalents
Accounts receivable, net
Materials and supplies
Other current assets
Total current assets
Property and equipment, net of accumulated depreciation of $14,920 and $13,126, respectively
Goodwill
Operating lease right-of-use assets
Other assets
Total assets
Liabilities and Stockholder's Equity
Current liabilities:
Accounts payable and other current liabilities
Long-term debt and finance leases due within one year
Total current liabilities
Deferred income taxes
Operating lease liabilities
Long-term debt and finance leases
Casualty and environmental liabilities
Pension and retiree health and welfare liability
Other liabilities
Total liabilities
Commitments and contingencies (see Note 13)
Stockholder's equity:
Common stock, $1 par value, 1,000 shares authorized; issued and outstanding and paid-in-capital
Retained earnings
Intercompany notes receivable
Accumulated other comprehensive income (loss)
Total stockholder's equity
Total liabilities and stockholder's equity
December 31, December 31,
$
$
$
$
2021 2020
513 $ 552
1,688 1,738
864 803
158 130
3,223 3,223
65,418 64,878
14,803 14,803
1,560 1,898
5,379 2,793
90,383 $ 87,595
3,731 $ 3,496
332 217
4,063 3,713
15,212 14,688
988 1,260
629 949
459 451
291 314
972 1,334
22,614 22,709
42,920 42,920
66,027 58,921
(41,531) (37,053)
353 98
67,769 64,886
90,383 $ 87,595
36
PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Beverage machine services 15,600$ -$
Total 15,600$ -$
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)
K for the year ended December 31, 2021 (File No. 001-02217) at www.sec.gov.
The Coca-Cola Company
Affiliated Transactions
For the Year Ended December 31, 2021
37
THE COCA-COLA COMP ANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In millions except per share data) Year Ended December 31, Net Operating Revenues Cost of goods sold Gross Profit Selling, general and administrative expenses Other operating charges Operating Income Interest income Interest expense Equity income (loss) - net Other income (loss) - net Income Before Income Taxes Income taxes Consolidated Net Income Less: Net income (loss) attributable to noncontrolling interests Net Income Attributable to Shareowners of The Coca-Cola Company
Basic Net Income Per Share
Diluted Net Income Per Share
Average Shares Outstanding - Basic Effect of dilutive securities Average Shares Outstanding - Diluted
1 Calculated based on net income attributable to shareowners of The Coca-Cola Company. $
$
$
$
2021
38,655 $ 15,357
23,298 12,144
846
10,308
276
1,597
1,438
2,000
12,425
2,621
9,804
33
9,771 $ 2.26 $ 2.25 $ 4,315
25
4,340 2020 2019 33,014 $ 37,266 13,433 14,619 19,581 22,647 9,731 12,103 853 458 8,997 10,086 370 563 1,437 946 978 1,049 841 34 9,749 10,786 1,981 1,801 7,768 8,985 21 65 7,747 $ 8,920 1.80 $ 2.09 1.79 $ 2.07 4,295 4,276 28 38 4,323 4,314 38
THE COCA-COLA COMP ANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions except par value) December 31, Current Assets Cash and cash equivalents Short-term investments Total Cash, Cash Equivalents and Short-Term Investments Marketable securities Trade accounts receivable, less allowances of$516 and $526, respectively Inventories Prepaid expenses and other current assets Total Current Assets Equity method investments Other investments Other noncurrent assets Deferred income tax assets Property, plant and equipment -net Trademarks with indefinite lives Goodwill Other intangible assets Total Assets
LIABILITIES AND EQUITY
Current Liabilities Accounts payable and accrued expenses Loans and notes payable Current maturities oflong-term debt Accrued income taxes Total Current Liabilities Long-term debt Other noncurrent liabilities Deferred income tax liabilities The Coca-Cola Company Shareowners' Equity Common stock, $0.25 par value; authorized-11,200 shares; issued-7,040 shares Capital surplus Reinvested earnings Accumulated other comprehensive income (loss) Treasury stock, at cost -2, 715 and 2,738 shares, respectively Equity Attributable to Shareowners of The Coca-Cola Company Equity attributable to noncontrolling interests Total Equity
Total Liabilities and Equity
2021 2020 $ 9,684 $ 6,795 1,242 1,771 10,926 8,566 1,699 2,348 3,512 3,144 3,414 3,266 2,994 1,916 22,545 19,240 17,598 19,273 818 812 6,731 6,184 2,129 2,460 9,920 10,777 14,465 10,395 19,363 17,506 785 649 $ 94,354 $ 87,296 $ 14,619 $ 11,145 3,307 2,183 1,338 485 686 788 19,950 14,601 38,116 40,125 8,607 9,453 2,821 1,833 1,760 1,760 18,116 17,601 69,094 66,555 (14,330) (14,601) (51,641) (52,016) 22,999 19,299 1,861 1,985 24,860 21,284 $ 94,354 $ 87,296 39
PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Equipment parts 13,422$ -$
Total 13,422$ -$
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)
Environment One Corporation
Affiliated Transactions
For the Year Ended December 31, 2021
40
PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Aviation training 25,200$ -$
Total 25,200$ -$
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)
FlightSafety International Inc.
Affiliated Transactions
For the Year Ended December 31, 2021
41
PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Hand sanitizer 309$ -$
Total 309$ -$
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)
Global Healthcare Product Solutions, LLC
Affiliated Transactions
For the Year Ended December 31, 2021
available.The financial statements of its parent company,BYD Company Limited,are included.BYD
Company Limited is a publicly traded company on The Stock Exchange of Hong Kong Ltd and the
Shenzhen Stock Exchange.
42
BYD Company LimitedConsolidated Statement of Profit or Loss %1Jf ffl 11ft �
REVENUE l&J-.
Cost of sales i/H�rx:;$:
Gross profit ;f;flj
Other income and gains ft ftg l& },Jit l& '@
Government grants and subsidies iFR .$t tiU}i & fffl ��
Selling and distribution expenses il� &,H�rx*
Research and development costs liJf��i,fl�rx*
Administrative expenses fiiJ'Ri,f]Y:
Impairment losses on financial and �im&ii'll'il�£s\J5,ij(@,tH�
contract assets
Loss on derecognition of financial assets � .Lt lit �;ig Jf • i� rx ;$: "tt • it-J
measured at amortised cost �im�£it-J!IH�
Other expenses :jtftg i,fl Y:
Finance costs iik�rx*
Share of profits and losses of: :Sf�5.liitflJ&.tHw :
Joint ventures ii'i:1-Z: R]
Associates �i:1-Z:R]
PROFIT BEFORE TAX 11t,�:ninirn
Income tax expense .Pfr1i;f}ti,f]Y:
PROFIT FOR THE YEAR �!UUIJ
Attributable to: Hif�:
Owners of the parent -lsJ fo,'J mt� A
Non-controlling interests M�IJ9:fifi&
EARNINGS PER SHARE ATTRIBUTABLE ��� �-JI�
TO ORDINARY EQUITY HOLDERS OF �UHi1iA
THE PARENT Sf���jlf!J
Basic and diluted £;$:&•;W
-For profit for the year -:¥�5./iitflj
Year ended 31 December 2021 ��=�=-�+=�=+-a.Lt��
2021 2020 =•=-!¥ =�=�:¥
Notes RMB'000 RMB'000
/J/1$± A�ffl'=fn A��=f:ii
5 211,299,918 153,469,184
(187,667,357) (126,225,593)
23,632,561 27,243,591
5 3,009,737 1,700,078
1 2,263,485 1,688,142
(6,081,678) (5,055,613)
(7,990,974) (7,464,861)
(5,742,242) (4,395,630)
(444,553) (1,166,268)
(88,765) (299,523)
(1,986,631) (2,056,691)
8 (1,907,642) (3,123,801)
(211,276) (198,955)
65,981 12,118
6 4,518,003 6,882,587
11 (550,737) (868,624)
3,967,266 6,013,963
13 3,045,188 4,234,267
922,078 1,779,696
3,967,266 6,013,963
13
1.06 1.47
43
BYD Company Limited
Consolidated Statement of Financial Position
%11tM�AA5£�
NON-CURRENT ASSETS
Property, plant and equipment
Investment properties
Right-of-use assets
Goodwill
Other intangible assets
Prepayments, other receivables and
other assets
Due from joint ventures and associates
Long-term receivables
Investments in joint ventures
Investments in associates
Equity investments at fair value through other
comprehensive income
Other non-current financial assets
Deferred tax assets
Total non-current assets
CURRENT ASSETS
Inventories
Contract assets
Trade receivables
Receivables financing
Prepayments, other receivables and
other assets
Due from joint ventures and associates
Due from other related parties
Completed property held for sale
Derivative financial instruments
Pledged deposits
Restricted bank deposits
Cash and cash equivalents
Total current assets
#5.mlbli•
!lo/J�,��,&�Ji
Jc9:i1[!1o/J�
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Notes
/J/1$±
14
15
16(a)
17
18
27
47(c)
29
19
20
21
22
39
24
28
25
26
27
47(c)
23
33
30
30
30
31 December 2021 =�=-c¥+=J=l=-+-a
2021 =•=-!¥
RMB'000 A�ffl'=fn
75,545,128
87,500
11,233,301
65,914
10,049,904
18,378,849
174,762
1,168,475
6,814,229
1,090,772
2,913,836
233,972
1,913,316
129,669,958
43,354,782
8,493,382
35,593,138
8,743,126
15,038,908
2,137,183
49,006
2,211,967
31,600
528,128
109,109
49,819,860
166,110,189
2020 =�=�:¥
RMB'000
A��=f:ii
58,201,882
94,217
7,527,852
65,914
10,107,776
2,670,118
1,804,913
4,442,807
1,022,781
1,420,080
284,896
1,768,975
89,412,211
31,396,358
5,346,105
39,307,896
8,862,340
5,911,685
3,434,820
2,900,852
24
429,041
277,491
13,738,498
111,605,110
44
BYD Company LimitedConsolidated Statement of Financial Position .g.,m Jlt �AA5£�
31 December 2021 =�=-c¥+=J=l=+-a
CURRENT LIABILITIES
Trade and bills payables
Other payables and accruals
Lease liabilities
Derivative financial instruments
Advances from customers
Contract liabilities
Interest-bearing bank and other borrowings
Due to joint ventures and associates
Due to other related parties
Tax payable
Provision
Total current liabilities
NET CURRENT (LIABILITIES)/ASSETS
J.ntlba1W HJ N j!j'. � ll!Ut: .&.� � ;!et ,ttg Hf N f9z i:& &Hf IT• m f_§_jfjei_{jj:
fi�:i:fil\L�
ffil&�J5 �f9z if[l,]jei_{:i: IT ,IM!H'r ,&;!et ftg i'!§-f9z Hf Nil' l!i:: 1',J .&.�l!i::1',Jf9zi:& HJ N ;!et ,ttg � � JJ f9z i:& Hffstf}l,J;& m-li
!tiEIJJJelf:i:�M
5.ntlb (a1i)/:i11.ffJJn:
TOTAL ASSETS LESS CURRENT LIABILITIES :i11.fftlfiliitmlba1i
NON-CURRENT LIABILITIES #mlba•
Interest-bearing bank and other borrowings IT,�JNfi ,&.;!et,ttg {'!§-f9z
Lease liabilities f_§_jfJel {:i:
Deferred tax liabilities ��mi:& Jal ,i
Deferred income ��!&A
Other liabilities ;Jet ftg Jal i:i:
Total non-current liabilities jicJtiEIJJJel f:i:�M
Net assets ��5'ffi
2021 =•=-!¥
Notes RMB'000
/J/1$± A�ffl'=fn
31 79,043,879
32 49,410,880
16(b} 248,428
33
1,300
34 14,721,038
35 22,939,346
47(c) 1,636,828
47(c) 84,150
862,531
36 2,355,564
171,303,944
(5,193,755)
124,476,203
35 10,789,958
16(b} 1,415,291
39 609,566
38 4,481,036
37 2,936,143
20,231,994
104,244,209
2020 =�=�:¥
RMB'000 A��=f:ii
49,791,630
15,536,057
168,507
57,541
7,500
8,185,888
27,644,643
2,398,177
137,566
564,498
1,938,689
106,430,696
5,174,414
94,586,625
23,625,954
843,286
393,150
2,269,176
3,001,147
30,132,713
64,453,912
45
Marmon Utility LLC
PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Materials 1,917,972$ -$
Total 1,917,972$ -$
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)
Affiliated Transactions
For the Year Ended December 31, 2021
46
PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Credit rating services 657,224$ -$
Total 657,224$ -$
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)
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, 2021 (File No. 001-14037) at www.sec.gov.
Moody's Investors Service
Affiliated Transactions
For the Year Ended December 31, 2021
47
MOODY'S CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in millions, except per share data)
Year Ended December 31,
2021 2020 2019
Revenue $ 6,218 $ 5,371 $ 4,829
Expenses
Operating 1,637 1,475 1,387
Selling, general and administrative 1,480 1,229 1,167
Restructuring 50 60
Depreciation and amortization 257 220 200
Acquisition-Related Expenses 3
Loss pursuant to the divestiture of MAKS 9 14
Total expenses 3,374 2,983 2,831
Operating income 2,844 2,388 1,998
Non-operating (expense) income, net
Interest expense, net (171) (205) (208)
Other non-operating income, net 82 46 20
Non-operating (expense) income, net (89) (159) (188)
Income before provision for income taxes 2,755 2,229 1,810
Provision for income taxes 541 452 381
Net income 2,214 1,777 1,429
Less: Net (loss) income attributable to noncontrolling interests (1) 7
Net income attributable to Moody's $ 2,214 $ 1,778 $ 1,422
Earnings per share
Basic $ 11.88 $ 9.48 $ 7.51
Diluted $ 11.78 $ 9.39 $ 7.42
Weighted average shares outstanding
Basic 186.4 187.6 189.3
Diluted 187.9 189.3 191.6
48
MOODY'S CORPORATION
CONSOLIDATED BALANCE SHEETS
(Amounts in millions, except share and per share data)
December 31,
2021 2020
ASSETS
Current assets:
Cash and cash equivalents $ 1,811 $ 2,597
Short-term investments 91 99
Accounts receivable, net of allowances for credit losses of $32 in 2021 and $34 in 2020 1,720 1,430
Other current assets 389 383
Total current assets 4,011 4,509
Property and equipment, net 347 278
Operating lease right-of-use assets 438 393
Goodwill 5,999 4,556
Intangible assets, net 2,467 1,824
Deferred tax assets, net 384 334
Other assets 1,034 515
Total assets $ 14,680 $ 12,409
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued liabilities $ 1,142 $ 1,039
Current portion of operating lease liabilities 105 94
Deferred revenue 1,249 1,089
Total current liabilities 2,496 2,222
Non-current portion of deferred revenue 86 98
Long-term debt 7,413 6,422
Deferred tax liabilities, net 488 404
Uncertain tax positions 388 483
Operating lease liabilities 455 427
Other liabilities 438 590
Total liabilities 11,764 10,646
Contingencies (Note 21)
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, 2021 and December 31, 2020, respectively. 3 3
Capital surplus 885 735
Retained earnings 12,762 11,011
Treasury stock, at cost; 157,262,484 and 155,808,563 shares of common stock at December 31, 2021 and December 31, 2020, respectively (10,513) (9,748)
Accumulated other comprehensive loss (410) (432)
Total Moody's shareholders' equity 2,727 1,569
Noncontrolling interests 189 194
Total shareholders' equity 2,916 1,763
Total liabilities and shareholders' equity $ 14,680 $ 12,409
49
PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Travel services 222,331$ -$
Total 222,331$ -$
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)
NetJets Inc.
Affiliated Transactions
For the Year Ended December 31, 2021
50
Penn Machine Company LLC
PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Equipment parts 19,642$ -$
Total 19,642$ -$
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)
Affiliated Transactions
For the Year Ended December 31, 2021
company, and its financial statements are not available.
51
PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Underwriting services (a)487,500$ -$
Banking and lending services (b)422,061 -
Total 909,561$ -$
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)
(b)
year ended December 31, 2021 (File No. 001-6880) at www.sec.gov
U.S. Bancorp
Affiliated Transactions
For the Year Ended December 31, 2021
certain transactions and at negotiated rates below standard pricing for certain transactions.
52
U.S. Bancorp Consolidated Balance Sheet
At December 31 (Dollars in Millions)
Assets Cash and due from banks Investment securities Held-to-maturity (2021 fair value $41,812) Available-for-sale ($557 and $402 pledged as collateral, respectively)<•l Loans held for sale (including $6,623 and $8,524 of mortgage loans carried at fair value, respectively) Loans Commercial Commercial real estate Residential mortgages Credit card Other retail
Total loans Less allowance for loan losses
Net loans Premises and equipment Goodwill Other intangible assets Other assets (including $1,193 and $1,255 of trading securities at fair value pledged as collateral, respectively)<•l
Total assets
Liabilities and Shareholders' Equity Deposits Noninterest-bearing Interest-bearing Total deposits Short-term borrowings Long-term debt Other liabilities
Total liabilities Shareholders' equity Preferred stock Common stock, par value $0.01 a share -authorized: 4,000,000,000 shares; issued: 2021 and 2020 -2,125,725,742 shares Capital surplus Retained earnings Less cost of common stock in treasury: 2021-642,223,571 shares; 2020 -618,618,084 shares Accumulated other comprehensive income (loss)
Total U.S. Bancorp shareholders' equity Noncontrolling interests
Total equity
Total liabilities and equity
(a) Includes only collateral pledged by the Company where counterpa/1/es have the right to sell or pledge the collateral.
2021 2020
$ 28,905 $ 62,580
41,858 132,963 136,840 7,775 8,761
112,023 102,871 39,053 39,311 76,493 76,155 22,500 22,346 61,959 57,024
312,028 297,707 (5,724) (7,314)
306,304 290,393 3,305 3,468 10,262 9,918 3,738 2,864 38,174 39,081
$573,284 $553,905
$134,901 $118,089 321,182 311,681 456,083 429,770 11,796 11,766 32,125 41,297 17,893 17,347
517,897 500,180
6,371 5,983 21 21 8,539 8,511 69,201 64,188 (27,271) (25,930) (1,943) 322
54,918 53,095 469 630
55,387 53,725
$573,284 $553,905
53
U.S. Bancorp Consolidated Statement of Income
Year Ended December 31 (Dollars and Shares in Millions, Except Per Share Data)
Interest Income Loans Loans held for sale Investment securities Other interest income
Total interest income
Interest Expense Deposits Short-term borrowings Long-term debt Total interest expense Net interest income Provision for credit losses
Net interest income after provision for credit losses
Noninterest Income Credit and debit card revenue Corporate payment products revenue Merchant processing services Trust and investment management fees Deposit service charges Treasury management fees Commercial products revenue Mortgage banking revenue Investment products fees Securities gains (losses), net Other
Total noninterest income
Noninterest Expense Compensation Employee benefits Net occupancy and equipment Professional services Marketing and business development Technology and communications Postage, printing and supplies Other intangibles Other
Total noninterest expense
Income before income taxes Applicable income taxes
Net income Net (income) loss attributable to noncontrolling interests
Net income attributable to U.S. Bancorp
Net income applicable to U.S. Bancorp common shareholders
Earnings per common share Diluted earnings per common share Average common shares outstanding Average diluted common shares outstanding
2021 2020 2019
$10,747 $12,018 $14,099 232 216 162 2,365 2,428 2,893 143 178 340
13,487 14,840 17,494
320 950 2,855 70 141 360 603 924 1 227 993 2 015 4 442
12,494 12,825 13,052 (1,173) 3,806 1,504
13,667 9,019 11,548
1,507 1,338 1,413 575 497 664 1,449 1,261 1,601 1,832 1,736 1,673 724 677 909 614 568 578 1,102 1,143 934 1,361 2,064 874 239 192 186 103 177 73 721 748 926
10,227 10,401 9,831
7,299 6,635 6,325 1,429 1,303 1,286 1,048 1,092 1,123 492 430 454 366 318 426 1,454 1,294 1,095 274 288 290 159 176 168 1,207 1,833 1,618
13,728 13,369 12,785
10,166 6,051 8,594 2,181 1,066 1,648
7,985 4,985 6,946 (22l (26l (32)
$ 71963 $ 41959 $ 61914
$ 71605 $ 41621 $ 61583
$ 5.11 $ 3.06 $ 4.16 $ 5.10 $ 3.06 $ 4.16 1,489 1,509 1,581 1,490 1,510 1,583
54
Account Description
Administrative services under the Intercompany
Administrative Services Agreement ("IASA")
Total
Basis of pricing
Cost of service
The margin of charges over costs
Assets allocable to the services
The overall rate of return on assets
(a)
The following items are excluded from the table above:
Company’s Form 10-K for the year ended December 31, 2021 (File No.001-14881)at www.sec.gov.
PacifiCorp is included in the following financial statements as a consolidated subsidiary of BHE.
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.
consolidated 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. Under this arrangement, at December 31, 2021,PPW Holdings LLC owed PacifiCorp $54,585,151
and Pacific Minerals, Inc. owed PPW Holdings $6,172,389.
For the Year Ended December 31, 2021
Affiliated Transactions
Berkshire Hathaway Energy Company
PacifiCorp PacifiCorp
Received Services Provided Services
55
BERKSHIRE HATHAWAY ENERGY COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
Current assets:
Cash and cash equivalents
Restricted cash and cash equivalents
Trade receivables, net
Inventories
Mortgage loans held for sale
Regulatory assets
Other current assets
Total current assets
Property, plant and equipment, net
Goodwill
Regulatory assets
(Amounts in millions)
ASSETS
Investments and restricted cash and cash equivalents and investments
Other assets
Total assets
$
As of December 31,
2021 2020
1,096 $ 1,290
127 140
2,468 2,107
1,122 1,168
1,263 2,001
544 283
1,628 2,458
8,248 9,447
89,816 86,128
11,650 11,506
3,419 3,157
15,788 14,320
3,144 2,758
$ 127,316 $ 132,065
56
BERKSHIRE HATHAWAY ENERGY COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (continued)
(Amounts in millions)
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable
Accrued interest
Accrued property, income and other taxes
Accrued employee expenses
Short-term debt
Current portion of long-term debt
Other current liabilities
Total current liabilities
BHE senior debt
BHE junior subordinated debentures
Subsidiary debt
Regulatory liabilities
Deferred income taxes
Other long-term liabilities
Total liabilities
Commitments and contingencies (Note 16)
Equity:
BHE shareholders' equity:
Preferred stock -100 shares authorized, $0.01 par value, 2 and 4 shares issued and outstanding
Common stock -115 shares authorized, no par value, 76 shares issued and outstanding
Additional paid-in capital
Long-term income tax receivable
Retained earnings
Accumulated other comprehensive loss, net
Total BHE shareholders' equity
Noncontrolling interests
Total equity
Total liabilities and equity
$
As of December 31,
2021 2020
2,136 $
537
606
372
2,009
1,265
1,837
8,762
13,003
100
35,394
6,960
12,938
4,319
81,476
1,650
1,867
555
582
383
2,286
1,839
1,626
9,138
12,997
100
34,930
7,221
11,775
4,178
80,339
3,750
6,374 6,377
(744)(658)
40,754 35,093
(1,340) (1,552) ---------46,694 43,010
3,895 3,967
50,589 46,977
$ 132,065 $ 127,316
57
BERKSHIRE HATHAWAY ENERGY COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in millions)
Operating revenue:
Energy
Real estate
Total operating revenue
Operating expenses:
Energy:
Cost of sales
Operations and maintenance
Depreciation and amortization
Property and other taxes
Real estate
Total operating expenses
Operating income
Other income (expense):
Interest expense
Capitalized interest
Allowance for equity funds
Interest and dividend income
Gains (losses) on marketable securities, net
Other, net
Total other income (expense)
Income before income tax (benefit) expense and equity loss
Income tax (benefit) expense
Equity loss
Net income
Net income attributable to noncontrolling interests
Net income attributable to BHE shareholders
Preferred dividends
Earnings on common shares
Years Ended December 31,
2021 2020 2019
$ 18,935 $ 15,556 $ 15,371
$
6,215
25,150
5,504
3,991
3,829
789
5,710
19,823
5,327
5,396
20,952
4,187
3,545
3,410
634
4,885
16,661
4,291
(2,118) (2,021)
64 80
126 165
89 71
1,823 4,797
(17)88-----(33)3,180--------
4,473
19,844
4,586
3,318
2,965
574
4,251
15,694
4,150
(1,912)
77
173
117
(288)
97
(1,736)
5,294 7,471 2,414
(1,132) 308 (598)
(237)(149)(44) ----------6,189 7,014 2,968
399 71 18
5,790 6,943 2,950
121 26
5,669 $ 6,917 $ 2,950 =======
58
Account Description
Administrative services under the Intercompany
Administrative Services Agreement ("IASA")
Total
Basis of pricing
Cost of service
The margin of charges over costs
Assets allocable to the services
The overall rate of return on assets
(a)
Received Services Provided Services
BHE AltaLink Ltd.
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
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.
Statements for the year ended December 31, 2021, at www.brkenergy.com.
59
Statement of Financial Position
As at
December 31,December 31,
Notes 2021 2020
(in thousands of dollars)
ASSETS
Current
Cash $ 6,611 $ 4,229
Trade and other receivables 5 82,256 105,117
88,867 109,346
Non-current
Goodwill 202,066 202,066
Intangible assets 6 289,727 293,154
Property, plant and equipment 7 8,089,736 8,138,737
Third party deposits 8 64,296 74,790
Other non-current assets 9 1,120,080 803,729
$ 9,854,772 $ 9,621,822
LIABILITIES AND PARTNERS' EQUITY
Current
Trade and other payables 10 $ 92,975 $ 104,109
Commercial paper and bank credit facilities 11 136,500 143,500
Long-term debt maturing in less than one year 11 275,000
Current portion of deferred revenue 12 57,898 57,185
562,373 304,794
Non-current
Long-term debt 11 4,449,103 4,722,483
Deferred revenue 12 1,046,618 1,017,630
Third party deposits liability 8 64,296 74,790
Lease liabilities 13 50,847 52,830
Other non-current liabilities 14 50,858 43,021
6,224,095 6,215,548
Commitments and contingencies 24, 25
Partners' equity
AltaLink, L.P. equity 20 3,614,074 3,389,739
Non-controlling interests 21 16,603 16,535
3,630,677 3,406,274
$ 9,854,772 $ 9,621,822
CONSOLIDATED FINANCIAL STATEMENTS AltaLink, L.P.
These consolidated financial statements are presented in Canadian dollars, which is AltaLink, L.P.'s functional currency.
60
Statement of Comprehensive Income
Year ended
December 31,December 31,
Notes 2021 2020
(in thousands of dollars)
Revenue
Operations 17 $ 950,781 $ 953,899
Other 18 39,013 39,318
989,794 993,217
Expenses
Operating 19 (103,047)(107,298)
Property taxes, salvage and other 19 (100,330)(102,489)
Depreciation and amortization (283,979)(279,444)
(487,356)(489,231)
Operating income 502,438 503,986
Finance costs 11 (185,700)(187,608)
Loss on disposal of assets (8,411)(4,101)
Income before non-controlling interests $ 308,327 $ 312,277
Non-controlling interests (1,896)(1,598)
Net income $ 306,431 $ 310,679
Other comprehensive income
Actuarial gain (loss) 15 872 (316)
Comprehensive income $ 307,303 $ 310,363
CONSOLIDATED FINANCIAL STATEMENTS AltaLink, L.P.
These consolidated financial statements are presented in Canadian dollars, which is AltaLink, L.P.'s functional currency.
61
Account Description
Administrative services under the Intercompany
Administrative Services Agreement ("IASA")
Total
Basis of pricing
Cost of service
The margin of charges over costs
Assets allocable to the services
The overall rate of return on assets
(a)
Received Services Provided Services
BHE Renewables, LLC
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
Renewables, LLC.
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.
62
PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Wind turbine equipment -$ 6,313,358$
Total -$ 6,313,358$
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)
BHE Wind, LLC
Affiliated Transactions
For the Year Ended December 31, 2021
63
Account Description
Administrative services under the Intercompany
Administrative Services Agreement ("IASA")
Total
Basis of pricing
Cost of service
The margin of charges over costs
Assets allocable to the services
The overall rate of return on assets
(a)
BHE U.S. Transmission, LLC
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
Received Services Provided Services
U.S. Transmission, LLC.
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.
64
Account Description
Administrative services under the Intercompany
Administrative Services Agreement ("IASA")
Total
Basis of pricing
Cost of service
The margin of charges over costs
Assets allocable to the services
The overall rate of return on assets
(a)
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.
Received Services Provided Services
Electric Transmission Texas, LLC
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
65
Account Description
Administrative services under the Intercompany
Administrative Services Agreement ("IASA")
Total
Basis of pricing
Cost of service
The margin of charges over costs
Assets allocable to the services
The overall rate of return on assets
(a)
MATL LLP.
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.
Received Services Provided Services
MATL LLP
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
66
Account Description
Administrative services under the Intercompany
Administrative Services Agreement ("IASA")
Total
Basis of pricing
Cost of service
The margin of charges over costs
Assets allocable to the services
The overall rate of return on assets
(a)
MTL Canyon Holdings, LLC.
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.
Received Services Provided Services
MTL Canyon Holdings, LLC
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
67
Account Description
Administrative services under the Intercompany
Administrative Services Agreement ("IASA")
Total
Basis of pricing
Cost of service
The margin of charges over costs
Assets allocable to the services
The overall rate of return on assets
(a)
Received Services Provided Services
CalEnergy Philippines
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
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.
CalEnergy Philippines.
68
Account Description
Employee relocation services
Administrative services under the Intercompany
Administrative Services Agreement ("IASA")
Total
Basis of pricing
Cost of service
The margin of charges over costs
Assets allocable to the services
The overall rate of return on assets
(a)
(b)
The following items are excluded from the table above:
Received Services Provided Services
HomeServices of America, Inc.
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
HomeServices of America, Inc.
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.
69
Account Description
Administrative services under the Intercompany
Administrative Services Agreement ("IASA")
Total
Basis of pricing
Cost of service
The margin of charges over costs
Assets allocable to the services
The overall rate of return on assets
(a)
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.
BHE GT&S, LLC.
BHE GT&S, LLC
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
Received Services Provided Services
70
Account Description
Natural gas transportation services (a)
Power line crossing (b)
Easement (c)-
Administrative services under the Intercompany
Total
Basis of pricing (a)(b)(d)(c)(d)
Cost of service (a)(b)(d)(c)(d)
The margin of charges over costs (a)(b)None (c)None
Assets allocable to the services (a)(b)None (c)None
The overall rate of return on assets (a)(b)None (c)None
(a)
(b)
(c)
(d)
well as third-party design costs.
Received Services Provided Services
Kern River Gas Transmission Company
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
Section VII for discussion of amounts that were based on allocation factors.The amount in the table above reflects the cost of the
services.
Company FERC Form 2 for the year ended December 31, 2021 at www.brkenergy.com.
71
Name of Respondent:Kern River Gas Transmission Company
This report is:
(1) ☑ An Original
(2) ☐ A Resubmission
Date of Report:04/18/2022 Year/Period of Report:End of: 2021/ Q4
Comparative Balance Sheet (Assets And Other Debits)
LineNo.Title of Account(a)Reference Page Number(b)Current Year End of Quarter/Year Balance(c)Prior Year End Balance 12/31(d)
1
2 200-201 2,956,315,666 2,926,127,232
3 200-201 8,377,084 5,119,521
4 200-201 2,964,692,750 2,931,246,753
5 1,530,401,666 1,480,943,869
6 1,434,291,084 1,450,302,884
7
8
9
10 1,434,291,084 1,450,302,884
11 122
12 220
13 220
14 220
15 220
16
17
18
19 222-223
20 224-225
22
23 222-223
24
25
26
27 17,007,786 11,033,004
28
29
30 17,007,786 11,033,004
UTILITY PLANT
Utility Plant (101-106, 114)
Construction Work in Progress (107)
TOTAL Utility Plant (Total of lines 2 and 3)
(Less) Accum. Provision for Depr., Amort., Depl. (108, 111, 115)
Net Utility Plant (Total of line 4 less 5)
Nuclear Fuel (120.1 thru 120.4, and 120.6)
(Less) Accum. Provision for Amort., of Nuclear Fuel Assemblies (120.5)
Nuclear Fuel (Total of line 7 less 8)
Net Utility Plant (Total of lines 6 and 9)
Utility Plant Adjustments (116)
Gas Stored-Base Gas (117.1)
System Balancing Gas (117.2)
Gas Stored in Reservoirs and Pipelines-Noncurrent (117.3)
Gas Owed to System Gas (117.4)
OTHER PROPERTY AND INVESTMENTS
Nonutility Property (121)
(Less) Accum. Provision for Depreciation and Amortization (122)
Investments in Associated Companies (123)
Investments in Subsidiary Companies (123.1)
Noncurrent Portion of Allowances
Other Investments (124)
Sinking Funds (125)
Depreciation Fund (126)
Amortization Fund - Federal (127)
Other Special Funds (128)
Long-Term Portion of Derivative Assets (175)
Long-Term Portion of Derivative Assets - Hedges (176)
CURRENT AND ACCRUED ASSETS
Cash (131)
Special Deposits (132-134)
Working Funds (135)
Temporary Cash Investments (136)
Notes Receivable (141)
Customer Accounts Receivable (142)
Other Accounts Receivable (143)
(Less) Accum. Provision for Uncollectible Accounts - Credit (144)
Notes Receivable from Associated Companies (145)
Accounts Receivable from Associated Companies (146)
Fuel Stock (151)
Fuel Stock Expenses Undistributed (152)
Residuals (Elec) and Extracted Products (Gas) (153)
Plant Materials and Operating Supplies (154)
Merchandise (155)
Other Materials and Supplies (156)
Nuclear Materials Held for Sale (157)
Allowances (158.1 and 158.2)
(Less) Noncurrent Portion of Allowances
Stores Expense Undistributed (163)
Gas Stored Underground-Current (164.1)
Liquefied Natural Gas Stored and Held for Processing (164.2 thru 164.3)
Prepayments (165)
Advances for Gas (166 thru 167)
Interest and Dividends Receivable (171)
Rents Receivable (172)
Accrued Utility Revenues (173)
Miscellaneous Current and Accrued Assets (174)
Derivative Instrument Assets (175)
(Less) Long-Term Portion of Derivative Instrument Assets (175)
Derivative Instrument Assets - Hedges (176)
(Less) Long-Term Portion of Derivative Instrument Assets - Hedges (176)
FERC FORM No. 2 (REV 06-04)
DEFERRED DEBITS
Unamortized Debt Expense (181)
Extraordinary Property Losses (182.1)
Unrecovered Plant and Regulatory Study Costs (182.2)
Other Regulatory Assets (182.3)
Preliminary Survey and Investigation Charges (Electric)(183)
Clearing Accounts (184)
Miscellaneous Deferred Debits (186)
Deferred Losses from Disposition of Utility Plant (187)
Research, Development, and Demonstration Expend. (188)
Unamortized Loss on Reacquired Debt (189)
Accumulated Deferred Income Taxes (190)
Unrecovered Purchased Gas Costs (191)
TOTAL Deferred Debits (Total of lines 66 thru 79)
TOTAL Assets and Other Debits (Total of lines 10-15,30,64,and 80)
72
Name of Respondent:Kern River Gas Transmission Company
This report is:
(1) ☑ An Original
(2) ☐ A Resubmission
Date of Report:04/18/2022 Year/Period of Report:End of: 2021/ Q4
Comparative Balance Sheet (Liabilities and Other Credits)
LineNo.Title of Account(a)Reference Page Number(b)Current Year End of Quarter/Year Balance(c)Prior Year End Balance 12/31(d)
1
2 250-251 1 1
3 250-251
4 252
5 252
6 252
7 253 1,229,271,246 1,229,271,246
8 252
9 254
10 254
11 118-119 (242,084,888) (281,261,218)
12 118-119
13 250-251
14 117 6,962,932 (18,158)
15 994,149,291 947,991,871
16
17 256-257
18 256-257
19 256-257
20 256-257
21 258-259
22 258-259
23
24
25
26 10,886,377 11,938,758
27
28
29 7,236,036 5,030,003
PROPRIETARY CAPITAL
Common Stock Issued (201)
Preferred Stock Issued (204)
Capital Stock Subscribed (202, 205)
Stock Liability for Conversion (203, 206)
Premium on Capital Stock (207)
Other Paid-In Capital (208-211)
Installments Received on Capital Stock (212)
(Less) Discount on Capital Stock (213)
(Less) Capital Stock Expense (214)
Retained Earnings (215, 215.1, 216)
Unappropriated Undistributed Subsidiary Earnings (216.1)
(Less) Reacquired Capital Stock (217)
Accumulated Other Comprehensive Income (219)
TOTAL Proprietary Capital (Total of lines 2 thru 14)
LONG TERM DEBT
Bonds (221)
(Less) Reacquired Bonds (222)
Advances from Associated Companies (223)
Other Long-Term Debt (224)
Unamortized Premium on Long-Term Debt (225)
(Less) Unamortized Discount on Long-Term Debt-Dr (226)
(Less) Current Portion of Long-Term Debt
TOTAL Long-Term Debt (Total of lines 17 thru 23)
OTHER NONCURRENT LIABILITIES
Obligations Under Capital Leases-Noncurrent (227)
Accumulated Provision for Property Insurance (228.1)
Accumulated Provision for Injuries and Damages (228.2)
Accumulated Miscellaneous Operating Provisions (228.4)
Long-Term Portion of Derivative Instrument Liabilities - Hedges
Asset Retirement Obligations (230)
CURRENT AND ACCRUED LIABILITIES
Current Portion of Long-Term Debt
Notes Payable (231)
Accounts Payable (232)
Notes Payable to Associated Companies (233)
Accounts Payable to Associated Companies (234)
Customer Deposits (235)
Taxes Accrued (236)
Interest Accrued (237)
Dividends Declared (238)
Matured Long-Term Debt (239)
Matured Interest (240)
Tax Collections Payable (241)
Miscellaneous Current and Accrued Liabilities (242)
Obligations Under Capital Leases-Current (243)
Derivative Instrument Liabilities (244)
(Less) Long-Term Portion of Derivative Instrument Liabilities
Derivative Instrument Liabilities - Hedges (245)
(Less) Long-Term Portion of Derivative Instrument Liabilities - Hedges
TOTAL Current and Accrued Liabilities (Total of lines 37 thru 54)
DEFERRED CREDITS
Customer Advances for Construction (252)
Accumulated Deferred Investment Tax Credits (255)
Deferred Gains from Disposition of Utility Plant (256)
Other Deferred Credits (253)
Other Regulatory Liabilities (254)
Unamortized Gain on Reacquired Debt (257)
FERC FORM No. 2 (REV 06-04)
Accumulated Deferred Income Taxes - Other Property (282)
Accumulated Deferred Income Taxes - Other (283)
TOTAL Deferred Credits (Total of lines 57 thru 65)
TOTAL Liabilities and Other Credits (Total of lines 15,24,35,55,and 66)
73
Name of Respondent:Kern River Gas Transmission Company
This report is:
(1) ☑ An Original
(2) ☐ A Resubmission
Date of Report:04/18/2022 Year/Period of Report:End of: 2021/ Q4
Statement of Income
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 (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 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
Do not report fourth quarter data in columns (e) and (f)Report amounts for accounts 412 and 413, Revenues and Expenses from Utility Plant Leased to Others, in another utility column in 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.Report amounts in account 414, Other Utility Operating Income, in the same manner as accounts 412 and 413 above.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.Use page 122 for important notes regarding the statement of income for any account thereof.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 yeareffected 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.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 purchases, and a summary of the adjustments made to balance sheet,income, and expense accounts.If any notes appearing in the report to stockholders are applicable to the Statement of Income, such notes may be included at page 122.Enter on page 122 a concise explanation of only those changes in accounting methods 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 suchchanges.Explain in a footnote if the previous year's/quarter's figures are different from that reported in prior reports.If the columns are insufficient for reporting additional utility departments, supply the appropriate account titles report the information in a footnote to this schedule.
LineNo.Title of Account(a)
Reference PageNumber(b)
Total Current Year to DateBalance for Quarter/Year(c)
Total Prior Year to DateBalance for Quarter/Year(d)
Current Three MonthsEnded Quarterly Only NoFourth Quarter(e)
Prior Three Months EndedQuarterly Only No FourthQuarter(f)
Elec.UtilityCurrentYear toDate(indollars)(g)
Elec.UtilityPreviousYear toDate (indollars)(h)
Gas UtiityCurrentYear toDate (indollars)(i)
Gas UtilityPreviousYear toDate (indollars)(j)
OtherUtilityCurrentYear toDate(indollars)(k)
OtherUtilityPreviousYear toDate (indollars)(l)
1
2 300-301 307,557,341 278,979,910 307,557,341 278,979,910
3
4 317-325 45,134,980 42,062,484 45,134,980 42,062,484
5 317-325 406,458 446,232 406,458 446,232
6 336-338 61,019,965 60,264,883 61,019,965 60,264,883
7 336-338
8 336-338 2,886,747 2,807,906 2,886,747 2,807,906
9 336-338
10
11
12 2,035,830 6,614,174 2,035,830 6,614,174
13 35,229,589 39,007,071 35,229,589 39,007,071
14 262-263 12,407,625 11,592,592 12,407,625 11,592,592
5.6.7.8.9.10.
11.
12.13.
14.15.
UTILITY OPERATING INCOME
Gas Operating Revenues (400)
Operating Expenses
Operation Expenses (401)
Maintenance Expenses (402)
Depreciation Expense (403)
Depreciation Expense for Asset Retirement Costs(403.1)
Amort. & Depl. of Utility Plant (404-405)
Amortization of Utility Plant Acu. Adjustment (406)
Amort. of Prop. Losses, Unrecovered Plant andReg. Study Costs (407.1)
Amortization of Conversion Expenses (407.2)
Regulatory Debits (407.3)
(Less) Regulatory Credits (407.4)
Taxes Other Than Income Taxes (408.1)
Income Taxes-Federal (409.1)
Income Taxes-Other (409.1)
Provision of Deferred Income Taxes (410.1)
(Less) Provision for Deferred Income Taxes-Credit(411.1)
Investment Tax Credit Adjustment-Net (411.4)
(Less) Gains from Disposition of Utility Plant (411.6)
Losses from Disposition of Utility Plant (411.7)
(Less) Gains from Disposition of Allowances (411.8)
Losses from Disposition of Allowances (411.9)
Accretion Expense (411.10)
TOTAL Utility Operating Expenses (Total of lines 4thru 24)
Net Utility Operating Income (Total of lines 2 less25)
OTHER INCOME AND DEDUCTIONS
Other Income
Nonutilty Operating Income
Revenues From Merchandising, Jobbing andContract Work (415)
(Less) Costs and Expense of Merchandising, Job &Contract Work (416)
Revenues From Nonutility Operations (417)
(Less) Expenses of Nonutility Operations (417.1)
Nonoperating Rental Income (418)
Equity in Earnings of Subsidiary Companies (418.1)
Interest and Dividend Income (419)
Allowance for Other Funds Used DuringConstruction (419.1)
Miscellaneous Nonoperating Income (421)
Gain on Disposition of Property (421.1)
TOTAL Other Income (Total of lines 31 thru 40)
Other Income Deductions
Loss on Disposition of Property (421.2)
Miscellaneous Amortization (425)
Donations (426.1)
Life Insurance (426.2)74
47 16
48 9,086 7,744
49 1,369 94,434
50 340 36,965 139,527
51
52 262-263
53 262-263 (90,870) (136,668)
54 262-263 18,017 64,814
55 234-235 539,012 938,121
56 234-235 364,328 646,338
57
58
59 101,831 219,929
60 1,351,503 1,576,696
61
62
63 258-259
64
65 258-259
66
67 340
68 340 (19,338)1
69 (3)
70 (19,335)1
71 170,176,330 151,830,505
72
73
74
75
76 262-263
Penalties (426.3)
Expenditures for Certain Civic, Political and RelatedActivities (426.4)
Other Deductions (426.5)
TOTAL Other Income Deductions (Total of lines 43thru 49)
Taxes Applic. to Other Income and Deductions
Taxes Other Than Income Taxes (408.2)
Income Taxes-Federal (409.2)
Income Taxes-Other (409.2)
Provision for Deferred Income Taxes (410.2)
(Less) Provision for Deferred Income Taxes-Credit(411.2)
Investment Tax Credit Adjustments-Net (411.5)
(Less) Investment Tax Credits (420)
TOTAL Taxes on Other Income and Deductions(Total of lines 52-58)
Net Other Income and Deductions (Total of lines 41,50, 59)
INTEREST CHARGES
Interest on Long-Term Debt (427)
Amortization of Debt Disc. and Expense (428)
Amortization of Loss on Reacquired Debt (428.1)
(Less) Amortization of Premium on Debt-Credit(429)
(Less) Amortization of Gain on Reacquired Debt-Credit (429.1)
Interest on Debt to Associated Companies (430)
Other Interest Expense (431)
Net Interest Charges (Total of lines 62 thru 69)
Income Before Extraordinary Items (Total of lines27, 60 and 70)
EXTRAORDINARY ITEMS
Extraordinary Income (434)
(Less) Extraordinary Deductions (435)
Net Extraordinary Items (Total of line 73 less line 74)
Income Taxes-Federal and Other (409.3)
FERC FORM No. 2 (REV 06-04)
Extraordinary Items after Taxes (line 75 less line 76)
Net Income (Total of line 71 and 77)
75
Account Description
Administrative services under the Intercompany
Administrative Services Agreement ("IASA")
Total
Basis of pricing
Cost of service
The margin of charges over costs
Assets allocable to the services
The overall rate of return on assets
(a)
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.
Financial Statements for the year ended December 31, 2021, at www.brkenergy.com.
Received Services Provided Services
Northern Natural Gas Company
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
76
77
78
Account Description
Administrative services under the Intercompany
Administrative Services Agreement ("IASA")
Total
Basis of pricing
Cost of service
The margin of charges over costs
Assets allocable to the services
The overall rate of return on assets
(a)
Received Services Provided Services
BHE Compression Services, LLC
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
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.
BHE Compression Services, LLC.
79
Account Description
Administrative services under the Intercompany
Mutual aid services under the Intercompany
Total
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)
(b)
The following items are excluded from the table above:
Form 10-K for the year ended December 31, 2021 (File No. 333-15387) at www.sec.gov.
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.
was $1,066,412,which included an amount recorded in the December 31, 2020 financial statements that
was based on an estimate. The actual amount incurred was $1,183,033. This amount was paid in 2021.
Received Services Provided Services
MidAmerican Energy Company
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
80
Current assets:
Cash and cash equivalents
Trade receivables, net
Income tax receivable
Inventories
Other current assets
Total current assets
Property, plant and equipment, net
Regulatory assets
Investments and restricted investments
Other assets
Total assets
MIDAMERICAN ENERGY COMPANY
BALANCE SHEETS (Amounts in millions)
ASSETS
$
$
As of December 31,
2021 2020
232 $ 38
526 234
79
234 278
123 73
1,194 623
20,301 19,279
473 392
1,026 911
263 232
23,257 $ 21,437
81
Current liabilities:
Accounts payable
Accrued interest
MIDAMERICAN ENERGY COMPANY
BALANCE SHEETS (continued)
(Amounts in millions)
LIABILITIES AND SHAREHOLDER'S EQUITY
Accrued property, income and other taxes
Other current liabilities
Total current liabilities
Long-term debt
Regulatory liabilities
Deferred income taxes
Asset retirement obligations
Other long-term liabilities
Total liabilities
Commitments and contingencies (Note 13)
Shareholder's equity:
Common stock -350 shares authorized, no par value, 71 shares issued and outstanding
Additional paid-in capital
Retained earnings
Total shareholder's equity
Total liabilities and shareholder's equity
$
$
As of December 31,
2021 2020
531
84
158
145
918
7,721
1,080
3,389
714
475
14,297
561
8,399
8,960
$ 408
78
161
183
830
7,210
1,111
3,054
709
458
13,372
561
7,504
8,065
23,257 $ 21,437 ===:::::::::::=
82
MIDAMERICAN ENERGY COMPANY
STATEMENTS OF OPERATIONS
(Amounts in millions)
Years Ended December 31,
2021 2020 2019
Operating revenue:
Regulated electric $ 2,529 $ 2,139 $ 2,237
Regulated natural gas and other 1,018 581 688
Total operating revenue 3,547 2,720 2,925
Operating expenses:
Cost of fuel and energy 539 339 399
Cost of natural gas purchased for resale and other 761 328 413
Operations and maintenance 775 754 800
Depreciation and amortization 914 716 639
Property and other taxes 142 135 126
Total operating expenses 3,131 2,272 2,377
Operating income 416 448 548
Other income (expense):
Interest expense (302) (304)(281)
Allowance for borrowed funds 13 15 27
Allowance for equity funds 39 45 78
Other, net 53 52 50
Total other income (expense) (197)(192)(126)
Income before income tax benefit 219 256 422
Income tax benefit (675)(570)(371)
Net income $ 894 $ 826 $ 793
The accompanying notes are an integral part of these fmancial statements.
83
Account Description
Administrative services under the Intercompany
Administrative Services Agreement ("IASA")
Total
Basis of pricing
Cost of service
The margin of charges over costs
Assets allocable to the services
The overall rate of return on assets
(a)
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.
Received Services Provided Services
Midwest Capital Group, Inc.
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
84
Account Description
Administrative services under the Intercompany
Administrative Services Agreement ("IASA")
Total
Basis of pricing
Cost of service
The margin of charges over costs
Assets allocable to the services
The overall rate of return on assets
(a)
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.
MidAmerican Energy Services, LLC.
Received Services Provided Services
MidAmerican Energy Services, LLC
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
85
Account Description
Administrative services under the Intercompany
Administrative Services Agreement ("IASA")
Total
Basis of pricing
Cost of service
The margin of charges over costs
Assets allocable to the services
The overall rate of return on assets
(a)
Received Services Provided Services
BHE Infrastructure Group, LLC
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
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.
BHE Infrastructure Group, LLC.
86
Account Description
Administrative services under the Intercompany
Administrative Services Agreement ("IASA")
Total
Basis of pricing
Cost of service
The margin of charges over costs
Assets allocable to the services
The overall rate of return on assets
(a)
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.
Company Financial Statements for the year ended December 31, 2021, at www.brkenergy.com.
Received Services Provided Services
Northern Powergrid Holdings Company
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
87
Northern Powergrid Holdings Company
Consolidated Income Statement for the Year Ended 31 December 2021
Note
2021
£ 000
2020
£ 000
Revenue 3 918,325 853,718
Cost of sales (43,767)(45,939)
Gross profit 874,558 807,779
Distribution costs (311,125) (296,955)
Administrative expenses (181,239)(147,531)
Operating profit 5 382,194 363,293
Other gains/(losses)4 1,907 (34,011)
Finance income 6 1,612 986
Finance costs 6 (88,830)(98,172)
Profit before tax 296,883 232,096
Income tax expense 10 (141,039)(72,073)
Profit for the year 155,844 160,023
Profit attributable to:
Owners of the Company 154,281 158,372
Non-controlling interests 1,563 1,651
155,844 160,023
The above results were derived from continuing operations.
88
Northern Powergrid Holdings Company
(Registration number: 03476201)
Consolidated Statement of Financial Position as at 31 December 2021
Note
31 December
2021
£ 000
31 December
2020
£ 000
Assets
Non-current assets
Property, plant and equipment 11 7,029,079 6,698,650
Right of use assets 12 24,105 23,684
Intangible assets 13 297,925 300,744
Equity accounted investments 14 3,898 3,648
Retirement benefit obligations 27 262,200 88,100
Deferred tax asset 10 363 334
Trade and other receivables 16 2,702 4,598
Other non-current financial assets 944 -
7,621,216 7,119,758
Current assets
Inventories 15 20,879 19,347
Trade and other receivables 16 165,712 151,462
Tax receivable 10 3,130 291
Cash and cash equivalents 17, 22 29,125 57,221
Restricted cash 18 -16,758
Contract assets 3 7,593 6,214
Other current financial assets 204 -
226,643 251,293
Total assets 7,847,859 7,371,051
Equity and liabilities
Equity
Share capital 19 (354,550) (354,550)
Share premium 810 810
Foreign currency translation reserve 20 1,215 769
Cash flow hedging reserve 20 (861) 3,089
Retained earnings (2,776,221)(2,491,566)
Equity attributable to owners of the Company (3,129,607) (2,841,448)
Non-controlling interests (38,723)(37,482)
Total equity (3,168,330)(2,878,930)
Non-current liabilities
Lease liabilities (18,551) (18,632)
Loans and borrowings 22 (2,074,946) (2,384,242)
Provisions 24 (11,986) (10,486)
Deferred revenue 26 (1,486,460) (1,468,599)
Deferred tax liabilities 10 (359,834) (239,729)
Other non-current financial liabilities 31 -(3,174)
(3,951,777)(4,124,862)
89
Northern Powergrid Holdings Company
(Registration number: 03476201)
Consolidated Statement of Financial Position as at 31 December 2021 (continued)
Note
31 December
2021
£ 000
31 December
2020
£ 000
(6,160) (5,518)
25 (226,478) (213,299)
22 (423,495) (80,203)
26 (66,261) (64,687)
24 (5,358)(2,912)
31 -(640)
(727,752)(367,259)
(4,679,529)(4,492,121)
(7,847,859)(7,371,051)
Currentliabilities
Leaseliabilities
Tradeandotherpayables
Loansandborrowings
Deferredrevenue
Provisions
Othercurrentfinancialliabilities
Totalliabilities
Totalequityandliabilities
90
Account Description
Administrative services under the Intercompany
Total
Basis of pricing
Cost of service
The margin of charges over costs
Assets allocable to the services
The overall rate of return on assets
(a)
The following items are excluded from the table above:
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.
Company.NV Energy is an indirect wholly owned subsidiary of Berkshire Hathaway Energy Company.
For further information refer to Berkshire Hathaway Energy Company’s Form 10-K for the year ended
December 31, 2021 (File No. 001-14881) at www.sec.gov.
was $584,745,which included amounts recorded in the December 31, 2020 financial statements that
were based on an estimate.Actual amounts incurred were $191,571 from Nevada Power Company and
$202,498 from Sierra Pacific Power Company. These amounts were paid in 2021.
Received Services Provided Services
NV Energy, Inc.
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
91
Account Description
Electricity transmission services
Transmission ancillary services
Wholesale energy purchases
Wholesale energy sales
Settlement adjustment
Materials -
Administrative services under the Intercompany
Total
Basis of pricing (a)(b)(c) (a)(c)
Cost of service (a)(b)(c) (a)(c)
The margin of charges over costs (a)None None (a)None
Assets allocable to the services (a)None None (a)None
The overall rate of return on assets (a)None None (a)None
(a)
(b)
(c )
for the year ended December 31, 2021 (File No. 000-52378) at www.sec.gov.
Power’s Open Access Transmission Tariff ("OATT").Electricity transmission services provided by PacifiCorp are priced based
on a formula rate on file with the Federal Energy Regulatory Commission ("FERC").Transmission ancillary services provided by
PacifiCorp are priced pursuant to PacifiCorp’s OATT Schedules.Wholesale energy purchases and sales are priced based on a
negotiated rate capped by the selling entity’s cost.
Section VII for discussion of amounts that were based on allocation factors.The amount in the table above reflects the cost of the
services.
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 $18,193,656 ($7,299,228 net of accumulated
depreciation) as of December 31, 2021. PacifiCorp pays Nevada Power for its share of the costs to operate and maintain these
assets.
Nevada Power Company
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
Received Services Provided Services
92
NEV ADA POWER COMP ANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Amounts in millions, except share data)
As of December 31,
2021 2020
ASSETS
Current assets:
Cash and cash equivalents $ 33 $ 25
Trade receivables, net 227 234
Inventories 64 69
Derivative contracts 4 26
Regulatory assets 291 48
Prepayments 33 38
Other current assets 49 26
Total current assets 701 466
Property, plant and equipment, net 6,891 6,701
Finance lease right of use assets, net 326 351
Regulatory assets 728 746
Other assets 106 72
Total assets $ 8,752 $ 8,336
LIABILITIES AND SHAREHOLDER'S EQUITY
Current liabilities:
Accounts payable $ 242 $ 181
Accrued interest 32 32
Accrued property, income and other taxes 29 25
Short-term debt 180
Current portion of finance lease obligations 26 27
Regulatory liabilities 49 50
Customer deposits 44 47
Asset retirement obligation 19 25
Derivative contracts 55 4
Other current liabilities 17 18
Total current liabilities 693 409
Long-term debt 2,499 2,496
Finance lease obligations 310 334
Regulatory liabilities 1,100 1,163
Deferred income taxes 782 738
Other long-term liabilities 338 257
Total liabilities 5,722 5,397
Commitments and contingencies (Note 14)
Shareholder's equity:
Common stock -$1.00 stated value, 1,000 shares authorized, issued and outstanding
Additional paid-in capital 2,308 2,308
Retained earnings 724 634
Accumulated other comprehensive loss, net (2)(3)
Total shareholder's equity 3,030 2,939
Total liabilities and shareholder's equity $ 8,752 $ 8,336
The accompanying notes are an integral part of these consolidated financial statements.
93
NEV ADA POWER COMP ANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in millions)
Years Ended December 31, 2021 2020 2019
Operating revenue $ 2,139 $ 1,998 $ 2,148
Operating expenses: Cost of fuel and energy 939 816 943 Operations and maintenance 301 299 324 Depreciation and amortization 406 361 357 Property and other taxes 48 47 45 Total operating expenses 1,694 1,523 1,669
Operating income 445 475 479
Other income (expense): Interest expense (153)(162)(171) Allowance for borrowed funds 3 3 3 Allowance for equity funds 7 7 5 Interest and dividend income 20 10 13 Other, net 18 9 8 Total other income (expense) (105)(133)(142)
Income before income tax expense 340 342 337 Income tax expense 37 47 73 Net income $ 303 $ 295 $ 264
The accompanying notes are an integral part of these consolidated financial statements.
94
Account Description
Electricity transmission services
Transmission ancillary services
Electricity transmission service over agreed-upon facilities
Wholesale energy purchases
Reserve share
Operations and maintenance
Administrative services under the Intercompany
Mutual aid services under the Intercompany
Total
Basis of pricing (a)(b)(c)(a)(b)
Cost of service (a)(b)(c)(a)(b)
The margin of charges over costs (a)None None (a)None
Assets allocable to the services (a)None None (a)None
The overall rate of return on assets (a)None None (a)None
(a)
(b)
(c)
10-K for the year ended December 31, 2021 (File No. 000-00508) at www.sec.gov.
are priced pursuant to Sierra Pacific’s OATT.Transmission ancillary services provided by PacifiCorp are priced pursuant to
PacifiCorp’s OATT Schedules.Electricity transmission services over agreed-upon facilities are priced based on a rate schedule
negotiated per the contract between PacifiCorp and Sierra Pacific.Wholesale energy purchases are priced based on a negotiated
rate capped by the selling entity’s cost.Reserve share is at standard pricing based on the Northwest Power Pool Reserve Sharing
Agreement.Operations and maintenance costs are ultimately based on PacifiCorp’s actual operations and maintenance costs
Section VII for discussion of amounts that were based on allocation factors.The amount in the table above reflects the cost of the
Sierra Pacific Power Company
Affiliated Transactions
For the Year Ended December 31, 2021
PacifiCorp PacifiCorp
Received Services Provided Services
95
SIERRA PACIFIC POWER COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Amounts in millions, except share data)
Current assets:
Cash and cash equivalents
Trade receivables, net
Inventories
Regulatory assets
Other current assets
Total current assets
Property, plant and equipment, net
Regulatory assets
Other assets
Total assets
ASSETS
LIABILITIES AND SHAREHOLDER'S EQUITY
Current liabilities:
Accounts payable
Accrued interest
Accrued property, income and other taxes
Short-term debt
Regulatory liabilities
Customer deposits
Other current liabilities
Total current liabilities
Long-term debt
Finance lease obligations
Regulatory liabilities
Deferred income taxes
Other long-term liabilities
Total liabilities
Commitments and contingencies (Note 14)
Shareholder's equity:
Common stock -$3.75 stated value, 20,000,000 shares authorized and 1,000 issued and outstanding
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss, net
Total shareholder's equity
Total liabilities and shareholder's equity
$
$
$
$
As of December 31,
2021 2020
10 $ 19
128 97
65 77
177 67
35 45
415 305
3,340 3,164
263 267
205 183
4,223 $ 3,919
147 $ 108
14 14
16 14
159 45
19 34
15 15
44 25
414 255
1,164 1,164
106 121
444 463
402 374
158 131
2,688 2,508
1,111 1,111
425 301
(1)(1)
1,535 1,411
4,223 $ 3,919
The accompanying notes are an integral part of these consolidated financial statements.
96
SIERRA PACIFIC POWER COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in millions)
Operating revenue: Regulated electric Regulated natural gas Total operating revenue
Operating expenses: Cost of fuel and energy Cost of natural gas purchased for resale Operations and maintenance Depreciation and amortization Property and other taxes Total operating expenses
Operating income
Other income (expense): Interest expense Allowance for borrowed funds Allowance for equity funds Interest and dividend income Other, net Total other income (expense)
Income before income tax expense Income tax expense Net income
$
$
Years Ended December 31, 2021 2020 2019
848 $ 117 965
407 61 163 143 24 798
167
738 $ 116 854
301 62 162 141 23 689
165
770 119 889
337 62 172 125 22 718
171
(54)(56) (48) 2 2 1 7 4 3 9 4 3 11 7 1 (25)(39)(40) ----------
142 18 124 $
126 15 111 $
131 28 103 =====
The accompanying notes are an integral part of these consolidated financial statements.
97
PacifiCorp PacifiCorp
Account Description Received Services 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
consolidated 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.
Under this arrangement, at December 31, 2021,PPW Holdings LLC owed PacifiCorp $54,585,151 and
PPW Holdings LLC
Affiliated Transactions
For the Year Ended December 31, 2021
98
Current assets:
Accounts receivable, net 3,550$
Amounts due from affiliates 84
Total current assets 3,634
Investment in subsidiaries 9,928,079
Goodwill 1,126,642
Other assets 26,913
Total assets 11,085,268$
Current liabilities:
Accounts payable 25$
Income taxes payable -
Total current liabilities 25
Equity:
Common stock -
Additional paid-in capital 6,217,086
Retained earnings 4,865,415
Accumulated other comprehensive income, net 2,742
Total equity 11,085,243
Total liabilities and equity 11,085,268$
LIABILITIES AND EQUITY
PPW HOLDINGS LLC
BALANCE SHEET
December 31, 2021
(Amounts in thousands)
ASSETS
99
Operating revenue -$
Operating costs and expenses:
Operations and maintenance 25
Total operating costs and expenses 25
Operating income (25)
Other income (expense):
Interest income 1,859
Other 888,315
Total other income (expense)890,174
Income before income tax benefit 890,149
Income tax benefit 521
Net income 889,628
Net income attributable to noncontrolling interests 162
Net income attributable to PPW Holdings LLC 889,466$
PPW HOLDINGS LLC
STATEMENT OF OPERATIONS
For the Year Ended December 31, 2021
(Amounts in thousands)
100
PacifiCorp PacifiCorp
Account Description Received Services 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)
The following item is excluded from the table above:
consolidated 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.
Under this arrangement, at December 31, 2021,PPW Holdings LLC owed PacifiCorp $54,585,151 and
Pacific Minerals, Inc. owed PPW Holdings $6,172,389.
Pacific Minerals, Inc.
Affiliated Transactions
For the Year Ended December 31, 2021
("PMI").
work for Bridger Coal.PMI charges Bridger Coal for these employees’ services,including labor,
101
Current assets:
Cash and cash equivalents 26,865$
Amounts due from affiliates 3,443
Other current assets 140
Total current assets 30,448
Investment in unconsolidated subsidiaries 45,353
Total assets 75,801$
Current liabilities:
Accounts payable 14$
Amounts due to affiliates -
Accrued employee expenses 2,131
Accrued property and other taxes 841
Total current liabilities 2,986
Deferred income taxes (27,804)
Other long-term liabilities -
Total liabilities (24,818)
Equity:
Common stock -
Additional paid-in capital 47,960
Retained earnings 52,659
Total equity 100,619
Total liabilities and equity 75,801$
LIABILITIES AND EQUITY
PACIFIC MINERALS, INC.
BALANCE SHEET
December 31, 2021
(Amounts in thousands)
ASSETS
102
Operating revenue -$
Operating costs and expenses:
Taxes other than income taxes 22
Operating loss (22)
Other income (expense):
Interest expense -
Interest income 12
Other 20,422
Total other income (expense)20,434
Income before income tax expense 20,412
Income tax expense 1,734
Net income
PACIFIC MINERALS, INC.
STATEMENT OF OPERATIONS
For the Year Ended December 31, 2021
(Amounts in thousands)
103
PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Coal purchases (a)132,364,302$ -$
Information technology and administrative services - 1,163,993
Total 132,364,302$ 1,163,993$
Basis of pricing (b)(c)
Cost of service (b)(c)
The margin of charges over costs None, (b)None
Assets allocable to the services None None
The overall rate of return on assets None None
(a)
(b)
(c)
The following items are excluded from the table above:
equity contributions to Bridger Coal for a net distribution of $49,300,000.
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.
cost plus administrative and general expense.
Bridger Coal Company
Affiliated Transactions
For the Year Ended December 31, 2021
December 31, 2021, and is PacifiCorp’s 66.67% share equal to its ownership interest in Bridger Coal. Refer also to (b) below.
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.
104
December 31, 2021 Bridger Coal
Company
Current Balance Current Balance
ASSETS LIABILITIES
Cash & Temporary Investments Accounts Payable - Trade
Cash JP Morgan Chase 7,996,726.59 AP Goods Received Not Invoiced (1,182,347.91)
Temporary Investments - AP Unpaid Invoices (933,591.93)
Total Cash and Temporary Investments 7,996,726.59 AP Manual Accruals (900,845.63)
Accounts Receivable Trade Accrued Settlement Provisions (28,381.00)
AR Trade Idaho Power 1,056,132.00 Total Accounts Payable Trade (3,045,166.47)
AR Trade Return to Vendors 33,029.29 Accounts Payable Intercompany
AR Employee Travel Advan - AP Inco Pacific Electric Operations
AR Trade Other - AP Inco PMI (2,898,450.12)
Total Accounts Receivable Trade 1,089,161.29 AP Inco PacifiCorp (100,656.99)
Accounts Receivable Interco Total Accounts Payable Intercompany (2,999,107.11)
AR Inco PMI - Payroll Liabilities
AR Inco PP&L 5,849,210.00 Accrued Bonus - AIP Corporate -
Total Accounts Receivable Interco 5,849,210.00 Accrued Bonus - Other (162,522.44)
Coal Inventory Accrued Retention Bonus -
Surface Coal 3,723,545.62 Accrued Severance (1,724,934.45)
Commingled Coal - Total Payroll Liabilities (1,887,456.89)
UG CM/LW Coal 17,335,168.20 Royalties and Taxes Payable
Inventoried Coal Production Tax/Royalties 4,258,850.94 Accrued Royalties - BLM (716,587.27)
Total Coal Inventory 25,317,564.76 Accrued Royalties - ALC (298,336.36)
Material and Supplies Inventory Accrued Royalties - State of Wyoming (6,335.78)
Materials and Supplies Inventory- Surface 10,563,112.88 Production Tax Payable - Severance (948,963.66)
Materials and Supplies Inventory- Underground 3,352,827.55 Production Tax Payable - Wyoming Extraction (8,615,137.12)
Materials and Supplies on Consignment - Production Tax Payable - Federal Reclamation (161,727.87)
Materials and Supplies Return Exchange Loaner 28,458.15 Production Tax Payable - Black Lung (84,719.80)
Materials and Supplies Inactive Obsolete Reserve (3,473,728.64) Taxes Payable - Property (558,034.04)
Materials and Supplies Inventory Clearing - Taxes Payable - Sales & Use (149,310.03)
Total Material and Supplies Inventory 10,470,669.94 Total Taxes Payable (11,539,151.93)
Prepayments and Other Current Assets Other Non-Current Liabilities
OthCurAsset/Prepaid Expenses - Production Tax Long Term (8,109,105.11)
OthCurAsset/Prepaid Royalties 2,923,309.80 ARO Reg. Liab. Unrealized Earnings (49,532,939.22)
OthCurAsset/Diesel Clearing - ARO Regulatory Liability (103,169,446.22)
OthCurAsset/Gasoline Clearing - ARO Liability (164,912,391.38)
OthCurAsset/NonIssue Stock Clearing - Minority Interest
OthCurAsset/Emulsion Clearing - Total Other Non-Current Liabilities (325,723,881.93)
OthCurAsset/KLS EPS Clearing - Total-Liabilities (345,194,764.33)
OthCurAsset/Prill Clearing -
EQUITY
Total Prepays & Other Current Assets Owner's Equity - Common Stock
Investment in Subsidiary
Total Paid In Capital
Contributions
Total Contributions
Distributions
Total Distributions
Retained Earnings
Sub-Total Property Plant and Equipment
Accumulated Depreciation
Total Retained Earnings
Total Equity
Total Liabilities and Equity (413,223,754.75)
AD Capitalized Interest (361,648.39)
Sub-Total Accumulated Depreciation
Total Property, Plant & Equipment
Construction Work In Process
Total Construction Work in Progress
Other Non-Current Assets
Total Other Non-Current Assets
Total - Assets 413,223,754.75
105
December 31, 2021 Bridger Coal
Company
Current Balance
Current Year Income
Revenue Coal PP& L (152,741,860.00)
Revenue Coal Idaho Power (59,730,166.00)
(212,472,026.00)
Miscellaneous Other -
Gain Loss on Sale of Assets (956,026.11)
Third Party Interest (15,625.53)
(971,651.64)
(213,443,677.64)
Labor 33,638,955.25
AIP Bonus 620,882.00
Retention Bonus -
Severance (845,207.48)
Payroll Overhead 12,562,196.45
Employee Related 596,822.21
Materials & Supplies 36,947,593.93
Equipment (0.00)
Outside Services 9,613,314.13
Administrative Other 977,906.17
Charge Outs 14,736,113.08
108,848,575.74
Depreciation and Amortization 34,189,724.79
Royalties 18,372,014.11
Taxes Other Than Income 20,874,054.35
Management Fee 522,000.00
Asset Abandonment -
73,957,793.25
182,806,368.99
(30,637,308.65)
Other Interest 4,334.40
Minority Interest -
4,334.40
(30,632,974.25)
Current Federal Income Tax -
Deferred Federal Income Tax -
-
(30,632,974.25)
106
PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Coal purchases (a)16,006,250$ -$
Board of directors fees and associated board meeting
Total 16,006,250$ 3,089$
Basis of pricing (b)(c)
Cost of service (b)(c)
The margin of charges over costs None, (b)(c)
Assets allocable to the services None (c)
The overall rate of return on assets None (c)
(a)
(b)
(c)
Trapper Mining Inc.
Affiliated Transactions
For the Year Ended December 31, 2021
also to (b) below.
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.
plus lodging expenses.
107
Trapper Mining Inc.
Consolidated Balance Sheet
December 31, 2021
(Unaudited)
Assets:
Current Assets:
Cash & Cash Equivalents 34,609,796$
Accounts Receivable 4,039,938
Inventories 5,608,551
Prepaid and Other Current Assets 133,330
Current Reclamation Receivable from Buyers 2,367,185
Total Current Assets . . . . . . . . . . . . . . . . . . . . . . 46,758,800$
Property, Equipment and Facilities before FAS 143:
Lands and Leases 17,748,984$
Development Costs 2,834,815
Equipment and Facilities 126,361,030
Total Property, Equipment and Facilities (Cost) . . . . 146,944,829$
Less Accumulated Depreciation and Amortization (122,458,705)
Total Property, Equipment and Facilities (Net) . . . . . 24,486,124$
FAS 143 Property, Equipment and Facilities (Net) . . 11,197,980
Grand Total Property, Equipment and Facilities (Net) 35,684,104$
Reclamation Receivable from Buyers 12,809,871
Restricted Funds - Black Lung 657,793
Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95,910,568$
Liabilities and Members' Equity:
Current Liabilities:
Accounts Payable 3,194,071$
Accrued Payroll Expenses 2,396,791
Accrued Production Taxes 1,266,974
Accrued Royalties 306,958
Current Portion Asset Retirement Liability 2,367,185
Total Current Liabilities . . . . . . . . . . . . . . . . . . . . 9,531,979$
Asset Retirement Liability 26,215,096
Deferred Ash Reclamation Revenue -
Other Long-Term Liabilities 1,048,900
Total Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . .36,795,975$
Members' Equity
Paid in Capital @ 1/1/98 20,324,925$
Patronage Equity - Prior Year 35,586,893
Non-Patronage Equity - Prior Year 2,452,334
Patronage Equity - Current Year 753,871
Non-Patronage Equity - Current Year (3,430)
Total Members' Equity . . . . . . . . . . . . . . . . . . . . . . 59,114,593$
Total Liabilities and Members' Equity . . . . . . . . . 95,910,568$
108
Trapper Mining Inc.
Consolidated Net Income
As Of: December 31, 2021
NET INCOME
YEAR TO DATE
TRAPPER MINING 839,663.44
WILLIAMS FORK MINING (3,429.71)
WILLIAMS FORK LAND (85,792.72)
NET INCOME (LOSS) BEFORE TAX 750,441.01
TAX BENEFIT (PROVISION)-
NET INCOME (LOSS) AFTER TAX 750,441.01
SALT RIVER 43.72%(1,499.47)
PACIFICORP 29.14%(999.42)
PLATTE RIVER 27.14%(930.82)
TOTAL NONPATRONAGE INCOME (LOSS)(3,429.71)
SALT RIVER 43.72%329,592.28
PACIFICORP 29.14%219,677.93
PLATTE RIVER 27.14%204,600.51
TOTAL PATRONAGE INCOME (LOSS)753,870.72
TOTAL INCOME (LOSS)750,441.01
109
PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Administrative support services -$ 118,686$
Total -$ 118,686$
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)
PacifiCorp Foundation
Affiliated Transactions
For the Year Ended December 31, 2021
plus administrative and general expense.
110
12/31/2021
Assets:
Cash 156,127$
Restricted investments:
Interest receivable -
Vanguard investments 63,386,707
Total restricted investments 63,386,707
Liabilities:
Accounts payable 14,009
Grants payable -
Total liabilities 14,009
PacifiCorp Foundation
Statement of Financial Position
(in dollars)
(Unaudited - Internal Use Only)
111
Year-to-Date
-
-
1,016,463
Realized gain/(loss) on sale of investment 2,550,091
Unrealized gain/(loss) on investment 5,151,113
Capital gains on partnership investments 328,147
Miscellaneous gains/(losses)-
Total revenues/(losses) and contributions 9,045,814
Expenses:
Grants:
Health and welfare 425,786
Education 590,721
Culture and arts 290,652
Civic and community 274,400
Giving campaign match 368,921
Matching gift program 65,335
PacifiCorp Empl Mem Sch Fund 12,000
Small community capital projects 391,238
Rocky Mountain Power Foundation special grants 90,000
Pacific Power Foundation special grants 100,000
PacifiCorp Foundation special grants -
Global Days of Service 30,872
Other Community Pledge -
Grants approved for future periods -
Grants expensed in prior periods -
Total grants 2,639,925
Administrative expenses 145,682
Investment management fees -
Consulting fees -
Taxes 35,414
Bank fees 4,439
Total expenses 2,825,460
Net assets increase (decrease)6,220,354
Net assets beginning of period 57,308,470
PacifiCorp Foundation
Statement of Income and Changes in Net Assets
For the Year Ended December 31, 2021
(in dollars)
(Unaudited - Internal Use Only)
112
PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Annual assessment fees 338,573$ -$
Total 338,573$ -$
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
Affiliated Transactions
For the Year Ended December 31, 2021
Creek Consolidated Irrigation Company: $6,052,845 ($4,216,871 net of accumulated depreciation)for a
water supply project (including allowance for funds used during construction and capital surcharge) and
$65,431 ($27,218 net of accumulated depreciation) for water rights.
113
Account Name Balance Receipts Disbursements Balance
O&M
Construction
Income Statement
For the Year Ending December 31, 2021
114
Account Name Balance Receipts Disbursements Balance
December 31, 2021
Cottonwood Creek Consolidated Irrigation Company
Balance Sheet
115
PacifiCorp PacifiCorp
Account Description Received Services Provided Services
Annual assessment fees 482,905$ -$
Total 920,344$ -$
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)
(b)
Ferron Canal & Reservoir Company
Affiliated Transactions
For the Year Ended December 31, 2021
representing PacifiCorp’s share of the water rights payment based on its percentage ownership in Ferron Canal &Reservoir
Company.
Reservoir Company: $383,772 ($159,640 net of accumulated depreciation) for water rights.
116
Cash Basis
FERRON CANAL & RESERVOIR CO.
ASSETS
Current Assets
Checking/Savings
Balance Sheet As of December 31, 2021
DESERTVIEW CHECKING
DESERTVlEW FEDERAL CREDIT UNION
MASTER SHARES SHARE ACCOUNT
Total DESERTVIEW FEDERAL CREDIT UNION
MILLSITE REHABILITATION ACCOUNT
SEDIMENT MITIGATION ACCT ZION'S BANK
Total Checking/Savings
Accounts Receivable
Accounts Receivable
Total Accounts Receivable
Total Current Assets
TOT AL ASSETS
LIABILITIES & EQUITY
Liabilities Current Liabilities
Accounts Payable Accounts Payable
Total Accounts Payable
Other Current Liabilities
Payroll Liabllltles
Total Other Current Liabilitles
Total Current Liabilities
Total Liabilities
Equity Retained Earnings Net Income
Total Equity
TOTAL LIABILITIES & EQUITY
Dec 31, 21
74,425.47
1.477,202.21 4,160.61
1,481,362 82
139,588.78
18,141.63 765,873.55
2,479,392.25
-19.76
-19.76
2,479,372.49
2,479,372.49
-130,679.13
-130,679.13
801.69
801.69
-129,877.44
-129,877.44
4,217,296.35
-1,608,046.42
2,609,249.93
2,479,372.49
117
Cash Basis
FERRON CANAL & RESERVOIR CO. Profit & Loss January through December 2021
Income
*WATER LEASE
INCOME CERTIFICATE TRANSFERS
MILLSITE REHAB STATE FUNDS
INCOME • OthGr
Total INCOME
REVENUE
Total Income
Gross Profit
Expense EQUIPMENT LEASE
TOOLS
Total EQUIPMENT
GENERAL
BOARDMEMBER
HEAL TH INSURANCE ALLOWANCE INSURANCE LEGAL NOTICE
LOAN PAYMENTS OFFICE SUPPLIES
PAYROLL EXPENSES
PERMITS POWER
REGISTRATIONS TELEPHONE
WATER/POP/GROCERIES GENERAL - Other
Total GENERAL
IRRIGATION
REPAIRS SUPPLIES
IRRIGATION - Other
Total IRRIGATION
MAINTENANCE BUILDING
EQUIPMENT PURCHASES
EQUIPMENT REPAIRS FUEL
STOCKWATER LINE
SUPPLIES
Total MAINTENANCE
MILLSITE REHABILITATION EMERY COUNTY
FERRON CANAL PORTION STATE OF UTAH PORTION
Total EMERY COUNTY
ENGINEERING SERVICES MILLSITE
IN-KIND MATCH EXPENSES
MILLSITE REHABILITATION - other
Total MILLSITE REHABILITATION
Reconciliation Discrepancies
Jan - Dec 21
90.00
1,456,202.08
10,829.84
4,000.00
1,467,121-92
544,461.72
2,015,583.64
2,015,583.64
8,400.00 121.03
930.00
32,400.00 29,366.00 44.66
164,090.70 6,020.48
118,164.71
209.52 2,069.57
10.00
4,643.01
914.62 5,324.00
8,521.03
364,187.27
47,783.53 37.345.31 824.99
85,953.83
8,024.05 7,994.00
12,984.37
15,496.02
72.00 4,340.49
1,080,842.17 993,319.12
48,910.93
2,074,161.29
1,031,217.45
5,000.00
5,025.00
3,115,403.74
0.01
118
Cash Basis
FERRON CANAL & RESERVOIR CO.
Profit & Loss January through December 2021 r\----------------------------------------
VEHICLES REGISTRATION
Total VEHICLES
Total Expense
Net Income
Jan - Dec 21
653.25
653.25
3,623,630.06
-1,608,046.42
119
PacifiCorp
Account Description Provided Services
Annual assessment fees -$
Operation & inspection services (b)-
Total -$
Basis of pricing (a)(b)N/A
Cost of service (a)(b)N/A
The margin of charges over costs None None N/A
Assets allocable to the services None None N/A
The overall rate of return on assets None None N/A
(a)
(b)
Huntington Cleveland Irrigation Company
Affiliated Transactions
For the Year Ended December 31, 2021
Cleveland Irrigation Company: $22,292,513 ($12,074,793 net of accumulated depreciation)for a water
supply project (including allowance for funds used during construction and capital surcharge) and
requires inspection and screen clearing multiple times a day.HCIC employees conduct these routine inspections when the pumps
are in operation and PacifiC reimburses HCIC for their time.
Received Services
PacifiCorp
120
ll t:Yrt'.\IGTO.\-CLE\'EI ,A\D IRRIG;\TIO\ Cff\·I I' ANY
STATEJ\IF:;\T OF H\X\CIAL POSITION"
AS OF DECEMRER 31, 2020 AND 2021
TOTAL ALL FUNDS
2020 2021
J\SSt-:TS
CURRENT ASSF IS:
Cash and cash equivalents $ 367,642 $ 2�9 .. ,03
Restricted cash and ca:'11 ,quivalcnts 15.108
Accounts receivable:
Shareholder assessments 24,277 8.0-27
Prepaid [nsurancc 6,501 7.793
Tot,il cu rrcnl assets s., 398.'120 $ 290,231
NOl'<Cl!RRENT ASSETS:
Fixe(I Assets:
l .an<l $ 41.722 $ 41.71--'
Duildings 81,320 g I""��()
Easement:; 116,718 l lll.838
Water rights 3.096.,469 :;_()%.469
Vd1iclcs 16-487 I h,4g7
Olficc equipment 7.291 7,291
Oiher equipment 62.4%62.4%
Diversion structures 99.204 99.204
Stor3gc focilitics improvements 4,797.807 4,797.807
Irrigation System 56.925,''42 57.085.087
Accumubtcd <kprcci:1lion ( 111.384, 137) (ll.612.2'J71
Total noncurrcnl asset, $ H861,3l9 $ 5:U91.424
Total assets s 55,259,739 $ :i-U,82.6��
121
11 U'\/Tl"'/GT0!\-Cl,EVELAND l RRIC.\TIO:\ COi\lPAN\
STATEl\lE:\TS OF FII\A:\CL\L rosnlOl\
AS OF l>ECEl\!BER 31, 2020 ,\ND 2021
IMLHJ)J.fl,S A'-/DNI.I ASS!.IS
CLRRI :NT L!ABI I .ITI FS:
,\ccounts payable
\Vagcs payable
Payroll ta>sc, payable
J\ccn1cd inkrcst payable
Note l'ay,1hlc to Sharchokkr
Current porl ion or long-term liabiliti,,s
Tot;il current liabilities
LON(j-TLRM LIABILJ lil S:
Notes payable (Note 6)
·1 nlal long-term liabilities
Total liabilities
NI' I /\SSFTS:
Without donor restrictions
Un re stri ctcd:
Total net ,iciscls
Total liahi!itics aml m,t asset,,
s
2010
5.110
J_()()8
138.,585
l51U7h
52.5 73A20
52-573.420
(Continued)
2,170
6,1(,7
'.l.'1%
2.')03
15J08
13gJ;9.1
168_9:;8
_:, _ _196,550
�l.517.167
5L517.167
122
llliNTl';f;TON-('l,EVEL/\ND IRRl(;AT!O:'I. COMl'.\1'Y
STATEMENT OF ACTIVITIES
FOR TIIE YEARS E'\DFD l)ECEM BER 3!, 2020 A,','D 2021
l 'h.cirgc:,. for Services
A \Vah:·r A::,:-;.,__·��nh .. ·nt
H \Vat-:_,r As�c ... smt:nt
l'v1unicipal and lnciustn A,Sc'Ssrncnt
Nh:tcr Ass(·s�rnent
T\.f inimal _.-\ i;;.s .. �,;.smcnt 1\d_iustn icnts
Ci-o\l'flllT1cntn! grants ( n:·siJk'd)
Oth�r RcvcnUL'
Ccrt11!cak Tran,rcrs
Lale l'ees
Interest
Rclmbur,;cmcnts
.rv1 is�c!lancous
TotJ.1 othc-r 1cvc-nuc-
1:-,p"-:ns;.:�
Pro)-'r�rnl '_,\,.T\·HXS
W atcr /\faster Wag c
R.-cs,.;n·,1ir T\1anag-,_·r \Va�c
Cuntract Labor
Pa\ roll 8rnd1ts
Non prop;t "atcr O & :\1
Jue1s Valley Dam Rr;:•paynicnl
O&lvl -EWCD
Huntmgton Darn Rcpaynicnl
Waker System Mamknancc
\\/ atcr R 1g-l1 t'., /\ :-;:..;Lssn icn l:-.;
lk:1,er & /vlu,kral Control
Yi..:h,c!e and Fqu.1prncnt L"';pcri:-.l'
l\0latcn�il ;md Suppli�s
lnst!rnncc
!)cprcL·1.a1wn
Interest ex pen,e
M1,,ellcllld)US
2li20
UN RLSTR!Cl I n
Ol'U(\ !IONS &
Mi\lN'll,::\1/\NCI:
$
s
$
'I,
j 7(,J)4(;
91l,88cl
578J�l➔3
34,875
2,Sl)c!
]Ci,79.'
(,,212
7J)72
1368 ::ti. !9X
30,81 l
I 1,154
,)27,(,13
xno
5,65 l
3,210
1U2'1
I ,224567
15 173
2021
llNf!lc,11\ICIHJ
( WI' RAll( JN S &
M1\l""l ENA:'J(T
s
$
$
'I,
l 7�JII)
VU,5�3
:c;;J,'L�il8
2,773
4()-l-l
.-:'.ii,19�
,Ii �2 I
l I 15-1
3SL8�:
117,,
S b81
14,ltlJ2
.22S, I hil
;�,�I 1
JO.l..){i:7
1,903J 18
123
(('nn!i111a:d)
lll!Yll:'iGTO:\-CLEVEl,,\Nl) lRR!(;.\TlO:\ COMJ',.\NY
ST.\TE\IE'iTS Of ACTIVITIES
FOR TH£ YEARS ENDED DECE:\IBER JL 202il .\:\U 2021
Suppnrt Sen k"('.'J
Sccrdar, W arc
Puyroll Bcn�rits
/\o.:·ounHrig :rnd :\ud1t!ng
I .cgal Fc,·s
\!till tics
O!licc Supplies
Posiagc-
Bank Char12c·, ,md Fee;
l'rcivd
Jk1d llcbt
TDtal support scf\ ices
Change rn m:t a:-,.\cb
UNRISIRII_ 11-LJ
OPI.Ri\TIONS &
!\l;\INTl'N ·\ NCT
s
2393
h.7'S
--1.6311
l.f!:?3
52'-t
$ 52,573_42(}
l NlffSTRICl ID
Oi'FR YI IUNS &
'vli\!NTFNAl\CI
Ji .511
2,--177
XJi6::"
(,, 107
I 11,II} I
1.11:8
5,q
671).+2
1_•nu.11-,u
124
III. Loans
The following information on loans to and from affiliates of PacifiCorp includes the following: A. The month-end amounts outstanding, separately for short-term and long-term loans. B. The highest amount outstanding during the year, separately for short-term and long-term loans. C. A description of the terms and conditions for loans, including the basis for interest rates. D. The total amount of interest charged or credited and the weighted average rate of interest, separately for short-term and long-term loans. E. Specify the commission order(s) approving the transaction, where such approval is required by law.
125
Loan Summary to and from affiliates for the year ended December 31, 2021

The month-end amounts outstanding, separately for short-term and long-term loans.

January - March (a) N/A
The highest amount outstanding during the year, separately for short-term and long-term loans.

Amount N/A
Date
Amount $ 32,935,000
Date February 19, 2021
N/A

A description of the terms and conditions for loans, including the basis for interest rates. conditions of the

D. Short-term loans:

Long-term loans:
E.
following page for detail of month-end loan amounts outstanding, interest charged or credited, and the rates of

126
PacifiCorp – Pacific Minerals, Inc. ("PMI") Umbrella Loan Agreement Transaction Statement

(a) Outstanding month-end balances advanced to PacifiCorp are shown in parentheses, if applicable.
Principal Principal Principal Principal Outstanding Interest Expense Interest Income
Advanced Repaid Advanced Repaid Month-end Incurred Earned
to PacifiCorp by PacifiCorp to PMI by PMI Balance (a)by PacifiCorp by PacifiCorp
Total (17,500,000)$ 42,335,000$ -$ -$ 8,260$ -$
Interest
Rate
Range
127
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, 2021, and the balance as of December 31, 2021. PacifiCorp does not guarantee the debt of its subsidiaries or any of its affiliates.
128
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: Other transactions are included in section II. Transactions.
129
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. Summary of PacifiCorp Employee Transfers to and from Affiliates during the year ended December 31, 2021
MidAmerican Energy Company Supervisor, Plant Operations 1
Kern River Gas Transmission Business Development Program Director 1
Kern River Gas Transmission I & C Technician 1
NV Energy, Inc.ICOC Technician 1 1
Pacific Minerals, Inc. - Bridger Coal Company Associate Safety Administrator 1
Total transfers from Affiliates 5
Transfer of Employee
from PacifiCorp to Affiliate Job Title Count
MidAmerican Energy Company Director, Core Systems 1
MidAmerican Energy Company Director, CS & Metering Systems 1
MidAmerican Energy Company Director, Cybersecurity Architecture 1
MidAmerican Energy Company Director, Enterprise Services & Risk 1
MidAmerican Energy Company Director, IT SAP & Corporate Systems 1
MidAmerican Energy Company Director, IT Trans & Distribution Systems 1
MidAmerican Energy Company Director, Telecom, Network Engineering, & SCADA 1
MidAmerican Energy Company Manager, Desktop Support 1
MidAmerican Energy Company Manager, IT Support Services 1
MidAmerican Energy Company Manager, Security Operations 1
MidAmerican Energy Company Manager, Telecom Engineering 1
MidAmerican Energy Company Manager, Windows 1
MidAmerican Energy Company Production Control Supervisor 2
MidAmerican Energy Company Regional Business Manager III 1
MidAmerican Energy Company Senior Director, Security & Information Protection 1
MidAmerican Energy Company Senior Telecom Engineer 1
MidAmerican Energy Company System & Development Specialist 1
MidAmerican Energy Company Vice President, Data and Business Intelligence 1
MidAmerican Energy Company Vice President, Energy Supply Management 1
Kern River Gas Transmission Senior Financial/Accounting Specialist 1
NV Energy, Inc.Journeyman Lineman 1
NV Energy, Inc.Senior Area-Transmission Planner II 1
NV Energy, Inc.System Analyst 2 1
Total transfers to Affiliates 24
130
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.
131
PacifiCorp Cost Allocation Manual for the year ended December 31, 2021 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, 2021, 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:
The amounts were allocated by BHE and its subsidiaries to PacifiCorp using eight different formulae during the year ended December 31, 2021. 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 December 31, 2021 was 21.02%.
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 through December 31, 2021 was 23.74%.
c) The same two-factor formula as b) above, except excluding the labor and assets of BHE GT&S and NVE Holdings, LLC subsidiaries. PacifiCorp’s allocation percentage during the period of January 1 through December 31, 2021 was 26.60%.
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 the period of January 1 through December 31, 2021 was 29.28%.
Total services provided
as reported in Amount of services
Affilate II. Transactions based on allocations
Berkshire Hathaway Energy Company 8,526,790$ 6,598,166$
Kern River Gas Transmission Company 3,131 3,131
MidAmerican Energy Company 8,354,366 5,213,498
Northern Natural Gas Company 76,663 4,927
Nevada Energy Company 15,001 15,001
Nevada Power Company 347,087 68,237
Sierra Pacific Company 42,068 23,283
17,365,106$ 11,926,243$
132
e) A same two-factor formula 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 December 31, 2021 was 25.36%.
f) A formula based on the gross plant asset amounts of each of BHE’s subsidiaries. PacifiCorp’s allocation percentage during the period of January 1 through December 31, 2021 was 28.83%.
g) A formula based on shared Information Technology infrastructure that is owned and/or managed by
MidAmerican Energy Company. PacifiCorp’s allocation percentage during the period of January 1 through December 31, 2021 was 1.71%.
h) A formula based on customer count for business transformation. PacifiCorp’s allocation percentage during the period of January 1 through December 31, 2021 was 46.55%. PacifiCorp to BHE and subsidiaries
During the year ended December 31, 2021, 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:
The amounts were allocated by PacifiCorp to BHE and its subsidiaries using four different formulae during the year ended December 31, 2021. 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 December 31, 2021 was 78.98%.
Total services provided
as reported in Amount of services
Affiliate II. Transactions based on allocations
Berkshire Hathaway Energy Company 4,081,647$ 110,180$
BHE AltaLink 98,987 84,514
BHE Renewables, LLC 227,750 178,366
BHE U.S. Transmission, LLC 9,761 9,415
Electric Transmission Texas, LLC 5,110 -
MATL (Montana Alberta LLP)8,823 -
MTL Canyon Holdings LLC 16,376 -
CalEnergy Philippines 668 648
HomeServices of America, Inc.109,556 99,607
BHE GT&S 1,581,023 295,144
Kern River Gas Transportatin 89,862 34,888
Northern Natural Gas Company 178,353 133,436
BHE Compression Services LLC 920 895
MidAmerican Energy Company 671,846 515,803
Midwest Capital Group, Inc.209 203
MidAmerican Energy Services, LLC 11,747 10,601
BHE Infrastructure Group 11,401 -
Northern Powergrid Holdings Company 160,227 125,856
NV Energy, Inc.283,189 2,669
Nevada Power Company 239,119 231,955
Sierra Pacific Power Company 144,540 140,203
7,931,114$ 1,974,383$
133
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 December 31, 2021 was 76.26%.
c) 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 December 31, 2021 was 70.72%.
d) 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 the period of January 1 through December 31, 2021 was 98.29%.
134
INTERCOMPANY ADMINISTRATIVE SERVICES AGREEMENT
BETWEEN
MIDAMERICAN ENERGY HOLDINGS COMPANY
AND
ITS SUBSIDIARIES
This lntercompany Administrative Services Agreement ("Agreement») is entered into as of March 31, 2006 by and between MidAmerican Energy Holdings Company (hereinafter the "Company") and its direct and
indirect subsidiaries (hereinafter the "Subsidiaries") (each a "Party" and together the "Parties").
WHEREAS, the Company provides senior management, executive oversight and other administrative services that provide value to and benefit the Subsidiaries as entities in the consolidated group;
WHEREAS, the Subsidiaries have access to professional, technical and other specialized resources that
the Company may wish to utilize from time to time in the provision of such administrative services; and
WHEREAS, the Company and Subsidiaries may desire to utilize the professional, technical and other specialized resources of certain Subsidiaries;
NOW, THEREFORE, in consideration of the premises and mutual agreements set forth herein, the Company and Subsidiaries agree as follows:
ARTICLE 1. PROVISION OF ADMINISTRATIVE SERVICES
Upon and subject to the terms of this Agreement, services will be provided between and among the Company and Its Subsidiaries that are not directly applicable to the production, distribution or sale of a product or service available to customers of the Company or Its subsidiaries ("Administrative Services"). For purposes of this Agreement, Administrative Services shall include, but not be limited to the following: a)services by executive, management, professional, technical and clerical employees;
b)financial services, payroll processing services, employee benefits participation, supply chain andpurchase order processing services, tax and accounting services, contract negotiation andadministration services, risk management services, environmental services and engineering andtechnical 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;d)the use of automobiles, airplanes, other vehicles and equipment;
135
To obtain specialized expertise or to achieve efficiencies, the following sttuations may arise under this Agreement whereby Administrative Services may be provided between and among the Company and its Subsidiaries: a)The Company may directly assign or allocate common costs to the Subsidiaries,b)The Company may procure Administrative Services from the Subsidiaries for its own benefit,c)The Company may procure Administrative Services from the Subsidiaries for subsequentallocation to some or all Subsidiaries commonly benefiting, ord)The Subsidiaries may procure Administrative Services from each other.
ARTICLE 2. DEFINITIONS For purposes of this Agreement these terms shall be defined as follows:
(a)"Laws" shall mean any law, statute, rule, regulation or ordinance.(b)"State Commissions" shall mean any state public utility commission or state public servicecommission wtth jurisdiction over a rate-regulated Party.(c)"Subsidiaries" shall mean current and future direct and indirect majority-owned subsidiaries of theCompany.
ARTICLE 3. EFFECTIVE DATE This Agreement shall be effective as of the date set forth above; provided, however, that in those jurisdictions in which regulatory approval is required before the Agreement becomes effective, the effective date shall be as of the date of such approval.
ARTICLE 4. CHARGES AND PAYMENT
(a)CHARGES.
Parties shall charge for Administrative Services on the following basis:
(i)Direct Charges: The Party receiving the beneftt of Administrative Services ("Recipient Party") willbe charged for the operating costs incurred by the Party providing the Administrative Services("Providing Party"), including, but not limited to, allocable salary and wages, incentives, paidabsences, payroll taxes, payroll additives (insurance premiums, health care and retirementbenefits and the like), direct non-labor costs, if any, and similar expenses, and reimbursement ofout-of-pocket third party costs and expenses.(ii)Service Charges: Costs that are impractical to charge directly but for which a cost/benefrtrelationship can be reasonably identified. A practical allocation method will be established byProviding Party that allocates the cost of this service equitably and consistently to the RecipientParty. Any changes in the methodology will be communicated in writing to rate-regulatedsubsidiaries at least 180 days before the implementation of the change.(iii)Allocations: Costs incurred for the general benefit of the entire corporate group for which directcharging and service charges are not practical. An allocation methodology will be establishedand used consistently from year to year. Any changes to the methodology will be communicated
r
136
in wr�ing to rate-regulated subsidiaries at least 180 days before the implementation of the change.
The charges constitute full compensation to the Providing Party for all charges, costs and expenses incurred by the Providing Party on behalf of the Recipient Party in providing the Administrative Services, unless otherwise specifically agreed to in wrtting between the Parties.
If events or circumstances arise which, in the opinion of the Parties, render the costs of providing any Administrative Services materially different from those charged under a specific rate or formula then in
effect, the specific rate or formulas shall be equitably adjusted to take into account such events or changed
circumstances.
Providing Parties will bill each and all Recipient Parties, as appropriate, for Administrative Services rendered under this Agreement in as specific a manner as practicable. To the extent that direct charging for services rendered is not practicable, the Providing Party may utilize allocation methodologies to assign charges for services rendered to the Recipient Party, reflective of the drivers of such costs. Such allocation methodologies may utilize allocation bases that include, but are not limlted to: employee labor, employee counts, assets, and multi-factor allocation formulae.
Any cost allocation methodology for the assignment of corporate and affiliate costs will comply with the following principles:
i)For Administrative Services rendered to a rate-regulated subsidiary of the Company or eachcost category subject to allocation to rate-regulated subsidiaries by the Company, theCompany must be able to demonstrate that such service or cost category is reasonable for therate-regulated subsidiary for the performance of Its regulated operations, is not duplicative ofAdministrative Services already being performed within the rate-regulated subsidiary, and isreasonable and prudent.
ii)The Company and Providing Parties will have in place posttive time reporting systemsadequate to support the allocation and assignment of costs of executives and other relevantpersonnel to Recipient Parties.
iii)Parties must maintain records sufficient to specifically identify costs subject to allocation,particularly with respect to their origin. In addttion, the records must be adequately supportedin a manner sufficient to justify recovery of the costs in rates of rate-regulated subsidiaries.iv)It is the responsibility of rate-regulated Recipient Parties to this Agreement to ensure that costswhich would have been denied recovery in rates had such costs been directly incurred by theregulated operation are appropriately identified and segregated in the books of the regulatedoperation.
(b)PAYMENT.
(i)Each Providing Party shall bill the Recipient Party monthly for all charges pursuant tothis Agreement via billings to the Company. The Company, in Its capacity as a clearinghouse for
137
intercompany charges within the Company shall aggregate all charges and bill all Recipient Parties in a single bill. Full payment to or by the Company for all Administrative Services shall be made by the end of the calendar month following the intercompany charge. Charges shall be supported by reasonable documentation, which may be maintained in electronic form.
(ii)The Parties shall make adjustments to charges as required to reflect the discovery oferrors or omissions or changes in the charges. The Parties shall conduct a true-up process at least quarterly and more frequently if necessary to adjust charges based on reconciliation of amounts charged and costs incurred. It is the intent of the Parties that such true-up process will be conducted using substantially the same process, procedures and methods of review as have been in effect prior to
execution of this Agreement by the Parties.
ARTICLE 5. GENERAL OBLIGATIONS; STANDARD OF CARE
Rate-regulated Parties will comply with all applicable State and Federal Laws regarding affiliated interest transactions, including timely filing of applications and reports. The Parties agree not to cross-subsidize between the rate-regulated and non-rate-regulated businesses or between any rate-regulated businesses,
and shall comply with any applicable State Commission Laws and orders. Subject to the terms of this Agreement, the Parties shall perform their obligations hereunder in a commercially reasonable manner.
ARTICLE 6. TAXES Each Party shall bear all taxes, duties and other similar charges except taxes based upon Its gross income (and any related interest and penalties), imposed as a result of Its receipt of Administrative Services under this Agreement, including without limitation sales, use, and value-added taxes.
ARTICLE 7. ACCOUNTING AND AUDITING Providing Parties and the Company shall maintain such books and records as are necessary to support the charges for Administrative Services, in sufficient detail as may be necessary to enable the Parties to satisfy
applicable regulatory requirements ("Records"). All Parties:
(a)shall provide access to the Records at all reasonable times;
(b)shall maintain the Records in accordance with good record management practices and with atleast the same degree of completeness, accuracy and care as It maintains for Its own records; and
(c)shall maintain Its own accounting records, separate from the other Party's accounting records.
Subject to the provisions of this Agreement, Records supporting intercompany billings shall be available for inspection and copying by any qualified representative or agent of either Party or Its affiliates, at the expense of the inquiring Party. In addition, State Commission staff or agents may audit the accounting records of Providing Parties that form the basis for charges to rate-regulated subsidiaries, to determine the reasonableness of allocation factors used by the Providing Party to assign costs to the Recipient Party and amounts subject to allocation or direct charges. All Parties agree to cooperate fully with such audits.
138
ARTICLE 8. BUDGETING In advance of each budget year, Providing Parties shall prepare and deliver to the Recipient Parties, for their review and approval, a proposed budget for Administrative Services to be performed during that year. The approved schedule of budgeted Administrative Services shall evidence the base level of
Administrative Services. The schedule shall be updated at least annually. Each Party shall promptly notify the other Party in writing of any requested material change to the budget costs for any service being provided.
ARTICLE 9. COOPERATION WITH OTHERS The Parties will use good faith efforts to cooperate with each other in all matters relating to the provision and receipt of Administrative Services. Such good faith cooperation will include providing electronic access in the same manner as provided other vendors and contractors to systems used in connection with Administrative Services and using commercially reasonable efforts to obtain all consents, licenses, sublicenses or approvals necessary to permit each Party to perform Its obligations. Each Party shall make available to the other Party any information required or reasonably requested by the other Party regarding the performance of any Administrative Service and shall be responsible for timely providing that information and for the accuracy and completeness of that information; provided, however, that a Party shall not be liable for not providing any information that is subject to a confidentiality obligation owed by It to a person or regulatory body other than an affiliate of it or the other Party. Either Party shall not be liable for any impairment of any Administrative Service caused by it not receiving information, either timely or at all, or by It receiving inaccurate or incomplete information from the other Party that is required or reasonably requested regarding that Administrative Service. The Parties will cooperate with each other in making such information available as needed in the event of any and all internal or external audits, utility regulatory proceedings, legal actions or dispute resolution. Each Party shall fully cooperate and coordinate with each other's employees and contractors who may be awarded other work. The Parties shall not commit or permit any act, which will interfere with the performance of or receipt of Administrative Services by either Party's employees or contractors.
ARTICLE 10. COMPLIANCE WITH ALL LAWS Each Party shall be responsible for (i) Its compliance with all laws and governmental regulations affecting Its business, including but not limlted to, laws and governmental regulations governing federal and state
affiliate transactions, workers' compensation, health, safety and security, and (iQ any use It may make of the Administrative Services to assist It in complying with such laws and governmental regulations.
ARTICLE 11. LIMITATION OF LIABILITY Notwithstanding any other provision of this Agreement and except for (a) rights provided under Article 12 in connection with Third-Party Claims, (b) direct or actual damages as a result of a breach of this Agreement, and (c) liability caused by a Party's negligence or willful misconduct, no Party nor their respective directors, officers, employees and agents, will have any liability to any other Party, or their respective directors, officers, employees and agents, whether based on contract, warranty, tort, strict liability, or any other theory, for any indirect, incidental, consequential, special damages, and no Party, as a result of providing a Service pursuant to this Agreement, shall be liable to any other Party for more than the cost of the Administrative Service(s) related to the claim or damages.
139
ARTICLE 12. INDEMNIFICATION Each of the Parties will indemnify, defend, and hold harmless each other Party, members of Its Board of Directors, officers, employees and agents against and from any third-party claims resulting from any negligence or willful misconduct of a Party's employees, agents, representatives or subcontractors of any tier, their employees, agents or representatives in the performance or nonperformance of Its obligations under this Agreement or in any way related to this Areement. If a Third-Party claim arising out of or in connection with this Agreement results from negligence of multiple Parties (including their employees, agents, suppliers and subcontractors), each Party will bear liability with respect to the Third-Party Claim in
proportion to Its own negligence.
ARTICLE 13. DISPUTE RESOLUTION The Parties shall promptly resolve any conflicts arising under this Agreement and such resolution shall be final. If applicable, adjustments to the charges will be made as required to reflect the discovery of errors or
omissions in the charges. If the Parties are unable to resolve any service, performance or budget issues or ff there is a material breach of this Agreement that has not been corrected within ninety (90) days, representatives of the affected Parties will meet promptly to review and resolve those issus in good faith.
ARTICLE 14. TERMINATION FOR CONVENIENCE A Party may terminate Its participation in this Agreement either with respect to all, or with respect to any
one or more, of the Administrative Services provided hereunder at any time and from time to time, for any reason or no reason, by giving notice of termination at least sixty (60) days in advance of the effective date of the termination to enable the other Party to adjust Its available staffing and facilities. In the event of any termination with respect to one or more, but less than all, Administrative Services, this Agreement shall
continue in full force and effect with respect to any Administrative Services not terminated hereby. If this Agreement is terminated in whole or in part, the Parties will cooperate in good faith with each other in all reasonable respects in order to effect an efficient transition and to minimize the disruption to the business of all Parties, including the assignment or transfer of the rights and obligations under any contracts. Transitional assistance service shall include organizing and delivering records and documents necessary to allow continuation of the Administrative Services, including delivering such materials in electronic forms and versions as reasonably requested by the Party.
ARTICLE 15. CONFIDENTIAL INFORMATION/NONDISCLOSURE To the fullest extent allowed by law, the provision of any Administrative Service or reimbursement for any
Administrative Service provided pursuant to this Agreement shall not operate to impair or waive any privilege available to either Party in connection with the Administrative Service, Its provision or
reimbursement for the Administrative Service.
All Parties will maintain in confidence Confidential Information provided to each other in connection with this Agreement and will use the Confidential Information solely for the purpose of carrying out Its obligations under this Agreement. The term Confidential Information means any oral or written information, (including without !imitation, computer programs, code, macros or instructions) which is made available to the Company, its
140
Subsidiaries or one of its representatives, regardless of the manner in which such information is furnished. Confidential Information also includes the following:
a.All Information regarding the Administrative Services, including, but not limited to, price, costs,methods of operation and software, shall be maintained in confidence.
b.Systems used to perform the Administrative Services provided hereunder are confidential andproprietary to the Company, its Subsidiaries or third parties. Both Parties shall treat these systems and all related procedures and documentation as confidential and proprietary to the Company, its Subsidiaries or its third party vendors.
c.All systems, procedures and related materials provided to either Party are for its internal useonly and only as related to the Administrative Services or any of the underlying systems used to provide the Administrative Services.
Notwithstanding anything in this Article 15 to the contrary, the term "Confidential Information" does not include any information which (Q at the time of disclosure is generally available to and known by the public (other than as a result of an unpermltted disclosure made directly or indirectly by a Party), (iQ was available to a Party on a non­confidential basis from another source (provided that such source is not or was not bound by a confidentiality agreement with a Party or had any other duty of confidentiality to a Party), or (iii) has been independently acquired or developed without violating any of the obligations under this Agreement.
The Parties shall use good faith efforts at the termination or expiration of this Agreement to ensure that all user access and passwords are cancelled.
All Confidential Information supplied or developed by a Party shall be and remain the sole and exclusive property of the Party who supplied or developed it.
ARTICLE 16. PERMITTED DISCLOSURE Notwithstanding provisions of this Agreement to the contrary, each Party may disclose Confidential Information (i) to the extent required by a State Commission, a court of competent jurisdiction or other governmental authority or otherwise as required by law, including without limitation disclosure obligations imposed under the federal securities laws, provided that such Party has given the other Party prior notice of such requirement when legally permissible to permit the other Party to take such legal action to prevent
the disclosure as it deems reasonable, appropriate or necessary, or (ii) on a "need-to-know11 basis under an obligation of confidentiality to its consultants, legal counsel, affiliates, accountants, banks and other financing sources and their advisors.
ARTICLE 17. SUBCONTRACTORS To the extent provided herein, the Parties shall be fully responsible for the acts or omissions of any subcontractors of any tier and of all persons employed by such subcontractors and shall maintain complete
I ,-
141
control over all such subcontractors. It being understood and agreed that not anything contained herein shall be deemed to create any contractual relation between the subcontractor of any tier and the Parties.
ARTICLE 18. NONWAIVER The failure of a Party to insist upon or enforce strict performance of any of the terms of this Agreement or to exercise any rights herein shall not be construed as a waiver or relinquishment to any extent of tts right to enforce such terms or rights on any future occasion.
ARTICLE 19. SEVERABILITY Any provision of this Agreement prohibtted or rendered unenforceable by operation of law shall be ineffective only to the extent of such prohibttion or unenforceability without invalidating the remaining provisions of this Agreement.
ARTICLE 20. ENTIRE AGREEMENT/DOCUMENTS INCORPORATED BY REFERENCE All understandings, representations, warranties, agreements and any referenced attachments, if any, existing between the Parties regarding the subject matter hereof are merged into this Agreement, which fully and completely express the agreement of the Parties wtth respect to the subject matter hereof.
ARTICLE 21. OTHER AGREEMENTS This Agreement does not address or govern the Parties' relationship involving: (a) the tax allocation agreement nor (b) any other relationships not specifically identified herein. All such relationships not addressed or governed by this Agreement will be governed and controlled by a separate agreement or tariff specifically addressing and governing those relationships or by applicable Laws or orders.
I ,
142
This Agreement has been duly executed on behalf of the Parties as follows:
IIDAMERICAN ENERGY HOLDINGS COMPANY
By.� Patrick J. Goodman
Trlle:sr. Vice President & Chief Financial Officer
Brian K. Hankel
Trlle: Vice President & Treasurer
CE ELECTRIC UK FUNDING COMPANY
By. � Patrick J. Goodman
Tdle: Director
HOME SERVICES OF AMERICA, INC. �fllip
Title: �sf ��
Thomas B. pecketer
TIiie: Vice President & Controller
Brian K. Hankel
TIiie: Vice President & Treasurer
KR HOLDING, LLC
By.� Patrick J. Goodman Trlle:vice President & Ireasurer
CALENERGYINTEiA110NAL�S, INC.� fik(<:JZ;) Brian K. Hankel
Trlle:Vice President & Treasurer
CE CASECNAN WATER AND ENERGY COMPANY, �� &;{;;;;g;:J Brian K. Hankel
Trlle:vice President & Treasurer
PPW HOLDINGS~ :)
By.~
143



 











  
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152
Appendix A - Oregon Public Utility Commission orders approving transactions with affiliates
Affiliate Order No.Docket No.Date Approved
Amarillo Gear Company, LLC (a Marmon Holdings, Inc. company)17-243 UI 384 July 11, 2017
American Express Travel Related Services Company, Inc.
Apple, Inc.
Bank of America Corporation 21-325 UI 456 October 6, 2021
21-344 UI 457 October 25, 2021
Bank of New York Mellon Trust Company, N.A.
Berkshire Hathaway Energy Company
BHE AltaLink Ltd.
BHE Compression Services, LLC
BHE GT&S, LLC
BHE Infrastructure Group, LLC
BHE Renewables, LLC
BHE U.S. Transmission, LLC
BHE Wind, LLC
BNSF Railway Company
21-180 UI 452 June 3, 2021
21-446 UI 462 December 2, 2021
21-445 UI 463 December 2, 2021
22-057 UI 465 February 24, 2022
Bridger Coal Company
21-324 UI 455 October 6, 2021
CalEnergy Philippines
Coca-Cola North America
Cottonwood Creek Consolidated Irrigation Company
continued on next page
All active affiliates with Affiliated Interest Agreements in Oregon have been included in this listing regardless of whether
affiliate transactions occurred in the reporting year.
(a)Affiliates with reporting year transactions subject to the Intercompany Administrative Services Agreement ("IASA"),
Order 06-305,have been included in this listing.This is not intended to be an exhaustive listing of all companies subject to
the IASA, rather a reflection of current year transactions.
153
Affiliate Order No.Docket No.Date Approved
Electric Transmission Texas, LLC (a)06-305 UI 249 June 19, 2006
Energy West Mining Company
Environment One Corporation
Ferron Canal & Reservoir Company
FlightSafety International, Inc.
GBT US, LLC (dba American Express Global Business Travel)
Graver Water System, Inc. (a Marmon Holdings, Inc. company)16-121 UI 367 March 23, 2016
HomeServices of America, Inc.
Huntington Cleveland Irrigation Company
Kern River Gas Transmission Company
21-322 UI 453 October 6, 2021
Marmon Utility LLC (a Marmon Holdings, Inc. company)
21-323 UI 454 October 6, 2021
21-417 UI 459 November 17, 2021
Marmon/Keystone Corporation
MATL LLP
Metalogic Inspection Services, LLC
MidAmerican Energy Company
MidAmerican Energy Holdings Company Insurance Services Ltd.
MidAmerican Energy Services, LLC
Midwest Capital Group, Inc.
MTL Canyon Holdings, LLC
National Indemnity Company
NetJets, Inc.
Nevada Power Company
continued on next page
154
Affiliate Order No.Docket No.Date Approved
Northern Natural Gas Company (a)06-305 UI 249 June 19, 2006
11-400 UI 316 October 6, 2011
15-134 UI 316 (1)April 28, 2015
Northern Powergrid Holdings Company
NV Energy, Inc.
Pacific Minerals, Inc. (Umbrella Loan Agreement)
PacifiCorp Foundation
Parts & Service Solutions 20-257 UI 440 August 11, 2020
Penn Machine Company LLC 19-444 UI 429 December 20, 2019
22-017 UI 464 January 26, 2022
PPW Holdings LLC
Racom Corporation
Sierra Pacific Power Company
The Bank of New York Mellon Corporation
21-325 UI 456 October 6, 2021
21-344 UI 457 October 25, 2021
The Kerite Company (a Marmon Holdings, Inc. company)10-409 UI 303 October 18, 2010
Trapper Mining Inc.
U.S. Bancorp Investments, Inc.
21-325 UI 456 October 6, 2021
21-344 UI 457 October 25, 2021
16-366 UI 375 September 27, 2016
16-463 UI 377 December 7, 2016
17-369 UI 386 September 28, 2017
155
I hereby certify that on May 27, 2022, I caused to be served via E-mail, a correct copy of
PacifiCorp’s cover letter accompanying the Compliance Filing, Affiliated Interest Report for
Calendar Year 2021 (Commitment #8) in Case No. PAC-E-05-08.
Douglas L. Anderson
EVP, General Counsel & Corporate Sec
Berkshire Hathaway Energy
1111 S. 103rd Street
Omaha, NE 68124
danderson midamerican.co
R. Scott Pasley
Assistant General Counsel
J.R. Simplot Company
P.O. Box 27
Boise, ID 83702
spasle simplot.co
Eric L. Olsen
Racine, Olson, Nye, Budge & Bailey, Chartered
201 E. Center
P.O. Box 1391
Pocatello, ID 83204-1391
elo racinelaw.ne
James R. Smith
Monsanto Company
Highway 34 North
P.O. Box 816
Soda Springs, ID 83726
im.r.smith monsanto.co
Lisa Nordstrom
Gregory Said
Idaho Power Company
P.O. Box 70
Boise, ID 83707
[e-mail]; [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. 17th Street
Boise, ID 83702
[e-mail]
Katie Iverson
Brubaker & Associates
17244 W. Cordova Court
Surprise, AZ 85387
[e-mail]

Alan Herzfeld
Herzfeld & Piotrowski LLP
713 W. Franklin
P.O. Box 2864
Boise, ID 83701
[e-mail]
Terri Carlock
Accounting Supervisor
Idaho Public Utilities Commission
472 W. Washington
P.O. Box 83720
Boise, ID 83720-0074
terri.carlock puc.idaho.ov
Randall C. Budge
Racine, Olson, Nye, Budge & Bailey, Chartered
201 E. Center
P.O. Box 1391
Pocatello, ID 83204-1391
rcb racinelaw.ne
Anthony Yankel
29814 Lake Road
Bay Village, OH 44140
[e-mail]

Arthur F. Sandack, Esq.
8 E. Broadway, Suite 510
Salt Lake City, UT 84111
[e-mail]

Santiago Gutierrez
Coordinator, Regulatory Operations