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PACIFICORP TO REDEEM FIRST MORTGAGE BONDS

 PACIFICORP TO REDEEM FIRST MORTGAGE BONDS
 PORTLAND, Ore., Jan. 10 /PRNewswire/ -- PacifiCorp (NYSE: PPW) is


calling for the redemption of five series of its higher-cost first mortgage bonds, the company said today. The redemptions, with principal totaling $201 million, will occur on Feb. 14, in accordance with the company's various mortgages and deeds of trust.
 The five series to be redeemed and their redemption prices (per $1,000 of principal amount) are: (1) the 10-1/8 percent series due April 1, 2009, of Utah Power & Light at $1,063.50; (2) the 9-1/4 percent series due April 1, 2000, of Utah Power & Light at $1,029.80; (3) the 9-1/8 percent series due May 1, 2008, of Utah Power & Light at $1,050.40; (4) the 10 percent series due January 1, 2006, of Pacific Power & Light at $1,049.20; and, (5) the 9-5/8 percent series due July 1, 2000, of Pacific Power & Light at $1,030.00.
 All redemptions will include accrued interest up to the redemption date. The aggregate redemption price, including interest, totals approximately $215 million. The company expects to fund the redemption through lower-cost debt.
 -0- 1/10/92
 /CONTACT: Mike Nelson, 503-731-2125, or Chris Hunter, 503-731-2090, both of PacifiCorp/
 (PPW) CO: PacifiCorp ST: Oregon IN: UTI SU:


SC -- SE006 -- 8833 01/10/92 18:34 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jan 10, 1992
Words:225
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