20120530Quarterly Debt Report.pdf

ROCKY MOUNTAIN 201 South Main, Suite 2300
POWER Salt Lake City, Utah 84111
A ONISION OF PACIFICORP
May 30,2012 RECE!VEJ
VIAOVER.NIGHTDELIVERY 2012 MAY 30 AM 10: 18
i[)AHC FLBLIO Idaho Public Utilities Commission fl 3 0 0MC
472 West Washington
Boise, Idaho 83702-5983
Attn: Ms. Jean D. Jewell
Commission Secretary
Re: Quarterly Debt Report
Pursuant to Case No. PAC-E-10-02, PacifiCorp (the Company) hereby files an original and
seven copies of its debt report for the period ended March 31, 2012. Any recent write-ups from
major bond rating agencies were previously provided pursuant to Order No. 29998 approved in
Case No. PAC-E-05-8.
Long-Term Debt Activity
Amount outstanding at December 31, 2011 $6,171,055,000
Issuances
2.95% FMB Series due Feb 2022(1)2) $450,000,000
4.10% FMB Series due Feb 2042' $300,000,000
Maturities/Redemptions
8.26% Series C MTNs due Jan 2012 ($1,000,000)
8.28% Series C MTNs due Jan 2012 ($2,000,000)
8.25% Series C MTNs due Feb 2012 ($3,000,000)
5.625% Series 1993 Lincoln Co, WY PCRBs due Nov 202 1(2) ($8,300,000)
5.65% Series 1993A Emery Co, UT PCRBs due Nov 2023(2) ($46,500,000)
5.625% Series 1993B Emery Co, UT PCRBs due Nov 2023(2) ($16,400,000)
6.15% Series 1996 Emery Co, UT PCRBs due Sep 2030(2) ($12,675,000)
Amount outstanding at March 31, 2012 $6 831180000
Idaho Public Utilities Commission
March 30, 2012
Page 2
Long-Term Debt Authorization:
Amount authorized March 5, 2010 under Order No. 31018 $2,000,000,000
Issuances
May 12, 2011 issuance of 3.85% FMBs due 2021 (400,000,000)
January 6, 2012 issuance of 2.95% FMBs due 2022' (350,000,000)
January 6, 2012 issuance of 4.10% FMBs due 2042(1) (300,000,000)
March 6, 2012 issuance of 2.95% FMBs due 2022(2) (100,000,000)
Remaining authorization at March 31, 2012 $850,000 ,000
11n January 2012, PacjflCorp issued $350 million of its 2.95% First Mortgage Bond
series due February 1 2022 and $300 million of its 4 10% First Mortgage Bond series
due February 1, 2042. The net proceeds were used to repay short-term debt, fund capital
expenditures andfor general corporate purposes.
2 1n March 2012, PacjfiCorp issued an additional $100 million of its 2.95% First
Mortgage Bond series due February 1, 2022 the proceeds of which were usedfor the
March 30, 2012 redemption prior to scheduled maturity offour series of Pollution
Control Revenue Bond obligations totaling $84 million andfor general corporate
purposes.
If you have any questions regarding this summary, please call me at [phone]
Sincerely,
Matt Fechner
Treasury Analyst