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Home My WebLink About20130605Notice of Proposed Issuance.pdfPacific Power IACIFIORPRockyMountainPowerl A U AhCAN ENERGY HOLDINGS COMPANY PacifiCorp Energy 7P13 JUH —5 825 NE Multnomah,Suite 1900 LCT l -J 9 Portland,Oregon 97232 2 June 3,2013 VIA FACSIMILE AND OVERNIGHT COURIER Idaho Public Utility Commission Statehouse 472 West Washington Street Boise,ID 83720 ATTN:Ms.Jean D.Jewell Commission Secretary Re:Case No.PAC-E-10-02:In the matter of the Application of PacifiCorp DBA Order No.31018 Rocky Mountain Power for authority to (1)issue and sell or exchange not more than $2,000,000,000 of Debt;(2)enter into credit support arrangements;(3) enter into currency swaps;and (4)contribute or sell additional Debt to special-purpose entities. Dear Commissioners: Pursuant to Order No.31018,PacifiCorp is hereby providing notice to the Commission of the proposed issuance of approximately $300 million of the Company’s First Mortgage Bonds. The Bonds are expected to be issued in one series with a maturity of either 10 years or 30 years.Current indications are that the Bonds will be issued at spreads over the corresponding United States Treasury Bond Benchmark of approximately 75 basis points and 95 basis points,respectively.At the present time this would result in coupon interest rates of approximately 3.00%and 4.20%,respectively.The Bonds are expected to be redeemable at the Company’s option at redemption prices dependent upon United States Treasury yields except that during the 3 months or 6 months prior to maturity the Bonds may be redeemed at par.PacifiCorp anticipates using the proceeds from the issuance of the Bonds for the acquisition of property,for construction,completion,extension or improvement of utilities facilities and for general corporate purposes. We anticipate the transaction will close on or about June 6,2013 and we intend to provide the Commission a post-closing issuance notice,which notice will include all other information required pursuant to the referenced order,in a timely manner. Please contact me if you have any questions about this matter. Sincerely, Bruce N.Williams Vice President &Treasurer cc:Tern Carlock (Idaho Commission) Ted Weston (PacifiCorp) Jeff Erb (PacifiCorp) Chris Hall (Perkins Coie)