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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):
March 31, 1995
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
On March 31, 1995, the Alaska Public Utilities Commission
(Commission) issued a bench order in the proceeding addressing the application
of AT&T Corp. (AT&T) to acquire all of the shares of Alascom, Inc. (Alascom),
filed pursuant to a previously executed stock purchase agreement between AT&T,
Pacific Telecom, Inc. (Pacific Telecom) and its wholly owned subsidiary
Alascom. (See Part 1, Item 1, "Business - Telecommunications Operations -
Alaska Market Restructuring" on page 7 of Pacific Telecom's Annual Report on
Form 10-K for the year ended December 31, 1994, which was incorporated by
reference in PacifiCorp's Form 10-K for the year ended December 31, 1994).
Pacific Telecom is an 87% owned subsidiary of PacifiCorp.
The Commission's order approved the application of AT&T, subject to
conditions which (i) define the scope of Pacific Telecom's covenants not to
compete with AT&T in the Alaska interexchange marketplace for three years
following the sale of Alascom, (ii) require AT&T to obtain Commission approval
of any change in the business name of Alascom, (iii) require AT&T to notify
the Commission by June 1, 1995 as to which Alascom-related records AT&T
proposed to maintain outside Alaska, and (iv) require AT&T to notify the
Commission of the date it would close the purchase transaction. The
Commission also indicated its intent to issue a subsequent substantive order
providing further explanation of its decision.
Pacific Telecom is still awaiting approval by the Federal
Communications Commission of the proposed sale of Alascom, which approval is a
requirement of the stock purchase agreement, and continues to anticipate a
closing of the transaction by mid-year 1995.
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
_________________________________
Daniel L. Spalding
Senior Vice President
Date: April 19, 1995
