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PACIFICORP ANNOUNCES SALE OF SHARES

 PORTLAND, Ore., Sept. 24 /PRNewswire/ -- PacifiCorp (NYSE: PPW) today announced that yesterday it sold 5.25 million shares of newly issued common stock at the close of the market through a public offering led by the investment banking firm of Merrill Lynch.
 The stock was priced at $19.875, near the high for the year. President and Chief Executive Officer Al Gleason stated he "was very pleased with the price achieved" and remarked that "the high market interest for PacifiCorp shares is another indicator of the company's current strength and the market's vote of confidence in our ability to build our core utility businesses going forward."
 Because of the financial market's strong interest in PacifiCorp's stock, the size of the offering was increased from the originally planned 4.5 million shares. The underwriters have also reserved the right to acquire up to an additional 750,000 shares at the same price. Proceeds from the sale will be used to retire portions of PacifiCorp's short-term debt and finance new construction at the electric utility.
 -0- 9/24/93
 /CONTACT: Dick O'Brien, 503-731-2070, or Chris Hunter, 503-731-2090, both of PacifiCorp/
 (PPW)


CO: PacifiCorp ST: Oregon IN: UTI SU:

IC -- SE005 -- 5492 09/24/93 15:00 EDT
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Publication:PR Newswire
Date:Sep 24, 1993
Words:205
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