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SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of report (date of earliest event reported):
January 18, 1994
PACIFICORP
(Exact name of registrant as specified in its charter)
State of Oregon 1-5152 93-0246090
(State of Incorporation) (Commission (I.R.S. Employer
File No.) Identification No.)
700 N.E. Multnomah, Suite 1600, Portland, Oregon 97232-4116
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(503) 731-2000
No Change
(Former Name or Former Address, if changed since last report)
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Item 5. OTHER EVENTS
Information contained in news release issued by the Registrant on
January 18, 1994 regarding actions taken at its Board of Directors meeting
held on January 17, 1994.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
c) Exhibits.
99 PacifiCorp news release issued January 18, 1994.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
PACIFICORP
(Registrant)
By:
__________________________________
Daniel L. Spalding
Senior Vice President
Date: January 19, 1994
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EXHIBIT INDEX
Sequential
Exhibit Page
Number Document Description Number
_______ ____________________ __________
99 PacifiCorp news release issued
January 18, 1994.
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EXHIBIT 99
NEWS RELEASE
PacifiCorp
Pacific Power Utah Power
Contact: Jan Mitchell (503) 464-6261
January 18, 1994
Frederick W. Buckman was elected Monday president and chief executive
officer of PacifiCorp.
Mr. Buckman, 47, who is president and CEO of Consumers Power Company of
Jackson, Michigan, a subsidiary of CMS Energy Corporation, assumes his new
position as head of the Portland, Oregon based utility on February 1. He
succeeds A. M. Gleason, who was named vice chairman of PacifiCorp.
PacifiCorp also announced that Keith R. McKennon, 60, a member of its
board of directors, will succeed Don C. Frisbee as chairman on February 9 when
Frisbee retires. Frisbee will become chairman emeritus.
PacifiCorp is the third largest electric utility west of the Rocky
Mountains. The company serves 1.3 million customers in seven western states
through Pacific Power and Utah Power. PacifiCorp also holds a major
telecommunications utility, Pacific Telecom, that provides local telephone
exchange service to almost 380,000 lines in the west, upper midwest and
Alaska.
Consumers Power of Jackson, Michigan, is that state's largest electric
and gas utility.
"I am extremely pleased with the choice of Fred Buckman as my successor,"
said Gleason. "I am confident that, under his leadership, PacifiCorp will
continue to thrive in an increasingly competitive environment."
Gleason, who was appointed president of PacifiCorp in 1985 and named CEO
in 1989, will concentrate on matters relating to Pacific Telecom at its
headquarters in Vancouver, Washington. Under the company's normal retirement
program, he will leave PacifiCorp in 1995. Frisbee said that "Buckman's
proven experience, first in senior management, and then as CEO of a major
utility, his extensive background in operations and engineering and his human
relations skills clearly
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demonstrate that he has the right style of leadership for the years ahead -- a
real people person."
McKennon recently retired as chief executive officer of the Dow Corning
Corp., following a career that led him to executive vice president and a
director of the Dow Chemical Corp. He was raised in Pendleton, Oregon and is
a graduate of Oregon State University. He now resides in Portland, Oregon and
is also a member of the board of Tektronix, Inc.
Frisbee's retirement brings to an end a career with Pacific Power and
PacifiCorp that began in 1953. He is a graduate of Pomona College and earned
an MBA degree in 1949 from Harvard Graduate School of Business. During his
career at Pacific, he has held various positions of increasing responsibility,
including assistant treasurer, vice president and treasurer, executive vice
president, president, and CEO.
PacifiCorp is acknowledged by industry observers to be a low-cost
provider of electricity in the West. PacifiCorp interconnects with more than
50 other utilities, most of which have higher system power costs.
"Improving and building on that position in light of growing and stiffer
competition from other suppliers and energy resources will be an on-going
objective of the organization," Buckman said.
Buckman was named president of Consumers Power in 1988 and CEO in 1992.
He is a member of the boards of directors for both Consumers Power Company and
its parent organization, CMS Energy Corporation.
Buckman first joined Consumers Power as a college intern during the
summer of 1967, and joined the company on a full-time basis after his
graduation from the Massachusetts Institute of Technology with a Ph.D. in
nuclear engineering. Buckman earned a Bachelor of Science degree in
engineering from the University of Michigan in 1966 and completed Harvard
Business School's advanced management program in 1982. Buckman and his wife,
Marion, have two sons: Fred, Jr., 20, a student at Cornell University, and
Keith, 19, who attends the University of Michigan.
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