PACIFICORP /OR/: debt financing — PacifiCorp enters up to $1.05B sale-leaseback of B2H transmission line with BHE affiliate

PACIFICORP /OR/

Up to $1.05B sale-leaseback of 300-mile, 500-kV B2H transmission line to BHE B2H, LLC.
Lease term 20 years; PacifiCorp has early purchase options every 5 years at net book value.
Project expected in service by end of 2027; subject to FERC and Oregon PUC approval.
During construction, BHE B2H will make installment payments for PacifiCorp's capital expenditures.
If sale fails by Dec 31, 2028, PacifiCorp must refund installments plus 6% annual interest.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

PACIFICORP /OR/ amended debt of no more than $1,050,000,000 with BHE B2H, LLC at 6.000% per year maturing December 31, 2028.

Principal: no more than $1,050,000,000
Counterparty: BHE B2H, LLC
Rate: 6.000% per year
Maturity: December 31, 2028
Event: amendment

Exact text from the filing

On November 7, 2025, PacifiCorp executed a Master Purchase and Sale Agreement, Project Schedule to Master Purchase and Sale Agreement and Master Lease Agreement (collectively, the “Agreements”) with BHE B2H, LLC (“BHE B2H”), a wholly-owned subsidiary of Berkshire Hathaway Energy Company, PacifiCorp’s parent company.

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Source: SEC EDGAR

accession 0000075594-25-000018

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