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PACIFICORP AUTHORIZES STOCK REDEMPTION

 PORTLAND, Ore., Nov. 19 ~PRNewswire~ -- At its Nov. 18, 1992, meeting, the board of directors of PacifiCorp (NYSE: PPW) authorized the redemption on Dec. 29, 1992, of its $50 million of Series D Market Auction No Par Serial Preferred Stock. A committee of the board has been delegated the authority to call other auction rate preferred stocks for redemption. The intent of redeeming the stock is to lower the costs of the remaining auction preferred series outstanding, given that auction market investor participation has become more limited for issues with BBB+ or A- ratings. Management will consider recommending the redemption of other series of auction rate preferred stocks as may be appropriate. The redemptions will be temporarily financed with the proceeds of borrowings.
 -0- 11~19~92
 ~CONTACT: Mike Nelson, 503-731-2125, or Chris Hunter, 503-731-2090, both of PacifiCorp~
 (PPW)


CO: PacifiCorp ST: Oregon IN: UTI SU:

LM -- SE002 -- 2934 11~19~92 13:10 EST
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Publication:PR Newswire
Date:Nov 19, 1992
Words:155
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