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PACIFICORP RECEIVES APPROVAL FOR ISSUANCE AND SALE OF COMMON STOCK

 PORTLAND, Ore., Jan. 5 /PRNewswire/ -- PacifiCorp (NYSE: PPW) announced that it had received approval from its regulatory commissions for the issuance and sale of up to 5 million shares of its common stock. A registration statement covering these shares is expected to be filed with the Securities and Exchange Commission in the first quarter of 1993. The exact timing of the offering, which will be made only by means of a prospectus, has yet to be determined.
 PacifiCorp stated that the proposed offering is consistent with one of the company's key financial objectives, which is to maintain a balanced capital structure appropriate for an A rated utility issuer of first mortgage bonds and preferred stock. The proposed offering is expected to raise approximately $100 million of net proceeds and should help in addressing recent concerns of the rating agencies, including Standard & Poor's Corp. which placed PacifiCorp on its CreditWatch with negative implications in November.
 -0- 1/5/93
 /CONTACT: Mike Nelson, 503-731-2125, or Chris Hunter, 503-731-2090, both of PacifiCorp/
 (PPW)


CO: PacifiCorp ST: Oregon IN: UTI SU:

LM -- SE010 -- 1925 01/05/93 17:22 EST
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Publication:PR Newswire
Date:Jan 5, 1993
Words:186
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