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):
August 26, 1998
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) 813-7200
No Change
(Former Name or Former Address, if changed since last report)
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Item 5. OTHER EVENTS
Information contained in the news release of PacifiCorp issued on
August 26, 1998 concerning the appointment of a new Chief Executive Officer is
incorporated herein by reference.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibit.
99. PacifiCorp news release issued August 26, 1998.
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: ROBERT R. DALLEY
-------------------------------------
Robert R. Dalley
Controller
(Chief Accounting Officer)
Date: August 27, 1998
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INDEX TO EXHIBITS
EX. NO. DESCRIPTION PAGE NO.
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99. PacifiCorp news release issued August 26, 1998.
EXHIBIT 99
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PACIFICORP NEWS RELEASE
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Scott Hibbs, for investors, (503) 813-7222
Angela Hult, for investors, (503) 813-7234
Leslie Carlson, for media, (503) 464-6786
August 26, 1998
McKennon Named CEO of PacifiCorp
Portland, OR -- PacifiCorp (NYSE: PPW) announced today that Keith McKennon will
succeed Fred Buckman as Chief Executive Officer. Mr. McKennon is also Chairman
of the Board of PacifiCorp, a position he has held since 1994.
Buckman has been PacifiCorp's CEO since 1994. His decision to leave the company
is the result of disappointing shareholder return and a desire to pursue other
interests.
McKennon, a member of PacifiCorp's Board of Directors since 1990, was an
executive of Dow Chemical and Dow Corning, and retired from Dow in 1994.
"I consider the company's first priority to be making our ongoing business the
best it can be," McKennon said. "Whatever future opportunities we may find and
develop - and I expect there will be several - we will not forget that our first
priority is the business we already have."
"PacifiCorp has a long and proud reputation for service, reliability,
performance, and community involvement. That is a priceless asset, and we must
build on it. And we simply must find ways to better reward our shareholders for
their faith and investment in our company."
McKennon was born and raised in eastern Oregon. He is a graduate of Pendleton
High School and Oregon State University.
PacifiCorp said the changes will be effective on September 1.
