PacifiCorp filed this week with the Securities and Exchange Commission a registration statement for the sale of 4.5 million shares of common stock, with an underwriter overallotment option of an additional 500,000 shares.
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The underwriters are Lehman Brothers, Goldman, Sachs & Co., and Kidder, Peabody & Co. Inc. This is the company's first underwritten public offering of common stock since 1985.A PacifiCorp spokesman said the proceeds from the stock sale will be applied to repay portions of the company's short-term borrowings or may be applied to new construction or other corporate purposes.