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Recent Financing Transactions
6 Months Ended
Jun. 30, 2023
Debt Instrument [Line Items]  
Recent Financing Transactions Recent Financing Transactions
Long-Term Debt

In May 2023, PacifiCorp issued $1.2 billion of its 5.50% First Mortgage Bonds due May 2054. PacifiCorp intends, within 24 months of the issuance date, to allocate an amount equal to the net proceeds to finance or refinance, in whole or in part, new or existing investments or expenditures made in one or more eligible projects in alignment with BHE's Green Financing Framework.

Credit Facilities

In June 2023, BHE amended its existing $3.5 billion unsecured credit facility expiring in June 2025. The amendment extended the expiration date to June 2026.

In June 2023, PacifiCorp amended its existing $1.2 billion unsecured credit facility expiring in June 2025. The amendment increased the lender commitment to $2.0 billion and extended the expiration date to June 2026. Additionally, in June 2023, PacifiCorp terminated its existing $800 million 364-day unsecured credit facility expiring in January 2024.

In June 2023, MidAmerican Energy amended its existing $1.5 billion unsecured credit facility expiring in June 2025. The amendment extended the expiration date to June 2026.

In June 2023, Nevada Power and Sierra Pacific each amended its existing $400 million and $250 million secured credit facilities expiring in June 2025. The amendments increased the commitment of the lenders to $600 million and $400 million, respectively, and extended the expiration date to June 2026.

In April 2023, AltaLink Investments, L.P. extended, with lender consent, the expiration date for its existing C$200 million one year revolving credit facility to April 2024, by exercising a one-year extension option.
PAC  
Debt Instrument [Line Items]  
Recent Financing Transactions Recent Financing Transactions
Long-Term Debt

In May 2023, PacifiCorp issued $1.2 billion of its 5.50% First Mortgage Bonds due May 2054. PacifiCorp intends, within 24 months of the issuance date, to allocate an amount equal to the net proceeds to finance or refinance, in whole or in part, new or existing investments or expenditures made in one or more eligible projects in alignment with BHE's Green Financing Framework.

Credit Facilities

In June 2023, PacifiCorp amended its existing $1.2 billion unsecured credit facility expiring in June 2025. The amendment increased the lender commitment to $2.0 billion and extended the expiration date to June 2026. Additionally, in June 2023, PacifiCorp terminated its existing $800 million 364-day unsecured credit facility expiring in January 2024.

Common Shareholders' Equity

In January 2023, PacifiCorp declared a common stock dividend of $300 million, paid in February 2023, to PPW Holdings LLC.
MEC  
Debt Instrument [Line Items]  
Recent Financing Transactions Recent Financing Transactions
Credit Facilities

In June 2023, MidAmerican Energy amended its existing $1.5 billion unsecured credit facility expiring in June 2025. The amendment extended the expiration date to June 2026.
MidAmerican Funding, LLC  
Debt Instrument [Line Items]  
Recent Financing Transactions Recent Financing Transactions Refer to Note 4 of MidAmerican Energy's Notes to Financial Statements.
NPC  
Debt Instrument [Line Items]  
Recent Financing Transactions Recent Financing Transactions
Long-Term Debt

In March 2023, Nevada Power repurchased and entered into a re-offering of the following series of fixed-rate tax-exempt bonds: $40 million of its Coconino County, Arizona Pollution Control Corporation Revenue Bonds, Series 2017A, due 2032; $13 million of its Coconino County, Arizona Pollution Control Corporation Revenue Bonds, Series 2017B, due 2039; and $40 million of its Clark County, Nevada Revenue Bonds, Series 2017, due 2036. The Coconino Series 2017A bond was offered at a fixed rate of 4.125% and the Coconino Series 2017B and Clark Series 2017 bonds were offered at a fixed rate of 3.750%.

Credit Facilities

In June 2023, Nevada Power amended its existing $400 million secured credit facility expiring in June 2025. The amendment increased the commitment of the lenders to $600 million and extended the expiration date to June 2026.
SPPC  
Debt Instrument [Line Items]  
Recent Financing Transactions Recent Financing Transactions
Credit Facilities

In June 2023, Sierra Pacific amended its existing $250 million secured credit facility expiring in June 2025. The amendment increased the commitment of the lenders to $400 million and extended the expiration date to June 2026.