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Home My WebLink About20210707Notice of Proposed Issuance.pdfYPncrnConp RECEIWD 2021July 7, PM 4:27 IDAHO PUBLIC UTILITIES COMMISSION Pacific Power ! Rocky Julountain Power 825 NE Multnomah, Suite 2000 Portland, Oregon 97232 July 7,2021 VA ELECTRONIC FILING Jan Noriyuki Commission Secretary Idaho Public Utility Commission 11331W. ChindenBlvd. Building 8 Suite 20lA Boise,ID 83714 RE CASE NO. PAC.E-20.15 IN THE MATTER OF ROCKY MOUNTAIN POWER'S APPLICATION FOR AUTHORTTY TO (1) rSSUE Ar\D SELL OR EXCHANGE NOT MORE THAN $3,000,000,000 oF DEBT, AI\D @ ENTER INTO CREDIT SUPPORT ARRANGEMENTS Dear Ms. Noriyuki Pursuant to Order No. 34831, in the above referenced matter, PacifiCorp is hereby providing the Commission notice of the proposed issuance of approximately $1,000,000,000 of First Mortgage Bonds. The Bonds are expected to be issued in one series with a maturity of approximately 3l years. Expectations are that the Bonds will be issued at spreads over the corresponding United States Treasury Bond Benchmark of approximately 98 basis points. Based on the current benchmark this would result in a coupon interest rate of approximately 2.90%. The Bonds are expected to be redeemable at the Company's option at redemption prices dependent upon United States Treasury yields, except during the 6 month period prior to maturity where the Bonds may be redeemed at par. PacifiCorp anticipates using the proceeds from the issuance of these Bonds for the acquisition of property, for construction, completion, extension, or improvement of Company facilities and for general corporate purposes including retirement of short-term debt. The Company anticipates a transaction closing date on or about July 9, 2021 and will provide the Commission with a post-closing issuance notice, which will include all other information required pursuant to the above referenced order, in a timely manner thereafter. Idabo Public Utility Commission July 7,2A2t Paga2 Please contact me at (503) 813-5401 ifyou have any questions about this matter. Sincerely, Wecms Vice Presidenq Contollor and Asst Treanrrcr cc:Terri Carlock (Idaho Commiscion) Ted Weston@acifiCorp) JeffEit (PaclfiCo,rp) Chris Hall (Portins Corc)