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PACIFICORP CALLS FOR REDEMPTION OF MORTGAGE BONDS

 PACIFICORP CALLS FOR REDEMPTION OF MORTGAGE BONDS
 PORTLAND, Ore., Aug. 6 /PRNewswire/ -- PacifiCorp (NYSE: PPW) announced today it is calling for the redemption of four series of its higher-cost first mortgage bonds as part of PacifiCorp's program to continue to reduce its costs by taking advantage of declining interest rates. The redemptions, with principal totaling $285 million, will occur on Sept. 11, 1992, 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 9-7/8 Percent Series due May 1, 2017, of Utah Power & Light at $1,076.00; (2) the 9 Percent Series due Feb. 1, 2006, of Utah Power & Light at $1,040.40; (3) the 8-5/8 Percent Series due March 1, 1996, of Pacific Power & Light at $1,011.50; and (4) the 8-1/2 Percent Series due July 1, 1996, of Pacific Power & Light at $1,009.80.
 All redemptions will include accrued interest up to the redemption date. The aggregate redemption price, including interest, totals approximately $300.5 million.
 -0- 8/6/92
 /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 -- 7566 08/06/92 11:30 EDT
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Publication:PR Newswire
Date:Aug 6, 1992
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