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PACIFICORP CALLS FOR REDEMPTION OF FOUR SERIES OF ITS HIGHEST COST FIRST MORTGAGE BONDS

 PORTLAND, Ore., July 14 /PRNewswire/ -- PacifiCorp (NYSE: PPW) is calling for the redemption of four series of its highest cost first mortgage bonds as part of PacifiCorp's program to continue to reduce its costs by taking advantage of declining interest rates, the company announced today. The redemptions, with an aggregate principal amount of $231,695 million, will occur in mid-August 1993 in accordance with the company's various mortgages and deeds of trust.
 The four series to be redeemed and their redemption prices (per $1,000 of principal amount) are: (1) the 8 3/4 percent Series due Dec. 1, 2016, of Utah Power & Light Co. at $1,058.60; (2) the 8 3/4 percent Series due April 1, 2006, of Utah Power & Light Company at $1,036.30; (3) the 8 1/2 percent Series due March 1, 2007, of Utah Power & Light Co. at $1,040.60; and (4) the 8 3/8 percent Series due Jan. 1, 2004, of Pacific Power & Light Co. at $1,028.90.
 All redemptions will include accrued interest up to the redemption date. The aggregate redemption price including interest, totals approximately $242 million.
 -0- 7/14/93
 /CONTACT: Dick O'Brien, 503-731-2070, or Chris Hunter, 503-731-2090, both for PacifiCorp/
 (PPW)


CO: PacifiCorp ST: Oregon IN: UTI SU:

SB -- SE003 -- 1225 07/14/93 09:00 EDT
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Publication:PR Newswire
Date:Jul 14, 1993
Words:223
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