20221129Notice of the Proposed Issuance.pdf

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Paclfic Power I
Rocky Mountain Power
825 NE Multnomah, Suite 2000
Portland. Oregon 97232
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November 29,2022
VA ELECTRONIC FILING
Jan Noriyuki
Commission Secretary
Idaho Public Utility Commission
I l33l W. Chinden Blvd.
Building 8 Suite 201A
Boise,ID 83714
RE:CASE NO. PAC.E.2O.15
IN THE MATTER OF ROCKY MOUNTAIN POWER'S APPLICATION FOR
AUTHORITY TO (1) ISSUE AND SELL OR EXCHANGE NOT MORE THAN
$3,000,000,000 oF DEBT, AND @ 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 $1,100,000,000 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 153 basis points. Based on the current benchmark
this would result in a coupon interest rate of approximately 5.350%. 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 November 29,2022 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.
Idetro Publio Utility Commission
November 29,2022
Page2
Ploase oontaot me at [phone] ifyou have any questioas aborr this mattor.
Since,rely,
\Meems
Vice President Confioller and A,ssL Trcasuror
oo:Terri Culock (Id&o Commission)
lvtark Alder (PacifrCorp)
JeffErb (PacifiCorp)
Chris Hall (P€*ins Coic)