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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