HomeMy WebLinkAbout20230308Notice of Affiliate Transaction - MidAmerican Energy Company.pdf March 8, 2023
VIA ELECTRONIC FILING Idaho Public Utilities Commission 11331 West Chinden Boulevard
Building 8 Suite 201A Boise, Idaho 83714-1021 Attention: Jan Noriyuki
Commission Secretary Re: PacifiCorp Notice of Affiliate Transaction—PacifiCorp and MidAmerican Energy Company Case No. PAC-E-05-8
Dear Ms. Noriyuki: Pursuant to Commitment I 17(2), incorporated in the Idaho Public Utilities Commission
Order No. 29973, issued February 13, 2006, as supplemented by Order No. 29998 March 14, 2006, in the above-referenced proceeding, approving the acquisition of PacifiCorp by MidAmerican Energy Holdings Company (now Berkshire Hathaway Energy Company or BHE), PacifiCorp hereby provides notice of an affiliated interest transaction with MidAmerican Energy Company (“MEC”).
PacifiCorp entered into an agreement with MEC to purchase a used TransBanker® mobile training unit for power distribution systems. The TransBanker® training unit is needed by PacifiCorp for training line employees throughout its service area. The sale from MEC to PacifiCorp will be realized through a sales contract. A true copy of the contract is included with
this notice as Attachment A. PacifiCorp is a wholly owned subsidiary of BHE. Likewise, MEC is also a wholly owned subsidiary of BHE. Therefore, BHE’s ownership interest in both companies creates an affiliated
interest between PacifiCorp and MEC.
The value of the used TransBanker® training unit purchased by PacifiCorp under the Agreement is $275,716.45. This is the book value of the item and fairly reflects its cost. MEC was able to provide this mobile training unit at the best cost and terms when compared to other options
on the market. Thus, the use of MEC as supplier of the TransBanker® training unit under the
agreement is in the public interest.
Timothy K. Clark Senior Attorney 1407 W. North Temple, Suite 320 Salt Lake City, UT 84116 801-220-4565 Office Tim.Clark@pacificorp.com
RECEIVED
2023 March, 8 2:14PM
IDAHO PUBLIC
UTILITIES COMMISSION
Idaho Public Utilities Commission March 8, 2023 Page 2
Please do not hesitate to contact me if you have any questions. Sincerely,
Timothy K. Clark
Senior Attorney PacifiCorp Enclosure:
Attachment A.pdf
ATTACHMENT A
to PacifiCorp Notice of Affiliate Transaction
Contract for Sale of Equipment
MidAmerican Energy Company hereby agrees to sell its Transbanker training tool to Rocky
Mountain Power, an affiliate.
The parties to this agreement are aware this is an affiliate transaction and are mindful of the
requirements that any transaction be for market value or cost.
MidAmerican Energy Company records a book value of $275,716.45 for the Transbanker training
tool. MidAmerican agrees to sell the Transbanker training tool to Rocky Mountain Power for
$275,716.45, the book value of the item, which fairly reflects the cost of the item. Title to the
Transbanker training tool will transfer to Rocky Mountain Power upon physical delivery and
payment of the purchase price.
Rocky Mountain Power is aware the Transbanker is used and not new.
The Transbanker training tool is sold “as is” with no warranties.
TO THE FULLEST EXTENT PERMITTED BY LAW, EACH OF THE PARTIES HERETO
WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF
LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN
CONNECTION WITH THIS AGREEMENT. EACH PARTY FURTHER WAIVES ANY
RIGHT TO CONSOLIDATE ANY ACTION IN WHICH A JURY TRIAL HAS BEEN WAIVED
WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT BEEN
WAIVED.
On this _______ day of November, 2022.
For Rocky Mountain Power:
________________________________
Curtis Mansfield, Sr. Vice President
On this _3rd_ day of January, 2023. For
MidAmerican Energy Company:
_________________________________
John Guy, Vice President
Electric Delivery
28th
Attachment A Page 1 of 1