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PACIFICORP PROCEEDS WITH OFFERING

 PORTLAND, Ore., Aug. 24 /PRNewswire/ -- PacifiCorp (NYSE: PPW) today announced that it plans to proceed with an underwritten offering of up to five million shares of common stock that were registered with the Securities and Exchange Commission under a registration statement that became effective in May 1993. The proposed offering is expected to be made in September through a syndicate of underwriters led my Merrill Lynch & Co, Bear, Stearns & Co. Inc., Goldman, Sachs & Co. and Kidder, Peabody & Co. Inc. This is the company's first underwritten public offering of common stock since early 1991.
 The proceeds from the sale of these shares of common stock will be applied to repay portions of the company's short-term borrowings or may be applied to new construction or other corporate purposes.
 Copies of the prospectus supplement, when available, may be obtained at the offices of the underwriters in New York.
 -0- 8/24/93
 /CONTACT: Dick O'Brien, 503-731-2070, or Chris Hunter, 503-731-2090, both of PacifiCorp/
 (PPW)


CO: PacifiCorp ST: Oregon IN: UTI SU: OFR

JH -- SE007 -- 5637 08/24/93 18:34 EDT
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Publication:PR Newswire
Date:Aug 24, 1993
Words:178
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