{{Redirect|Pacific Power & Light Company|the video game company|Pacific Coast Power & Light}} {{Short description|Electric power company serving the Western United States}} {{Infobox company | name = PacifiCorp | logo = PacifCorp logo.svg | image = LloydCenterTower.jpg | image_caption = Headquarters in Portland, Oregon | type = Subsidiary | industry = Electric power industry | foundation = {{Start date and age|1910}} | location = Lloyd Center Tower<br />Portland, Oregon, U.S. | area_served = {{unbulleted list|California|Idaho|Oregon|Utah|Washington|Wyoming}} | key_people = {{plainlist| * Cindy Crane (Chair and CEO, PacifiCorp) * Ryan Flynn (President, Pacific Power Division) * Richard Garlish (President, Rocky Mountain Power Division) }} | num_employees = 5,200 | parent = Berkshire Hathaway Energy | divisions = {{unbulleted list|Pacific Power|Rocky Mountain Power}} | homepage = {{URL|https://www.pacificorp.com/|pacificorp.com}} | footnotes = <ref>{{cite web | url=https://www.brkenergy.com/our-businesses/pacificorp | title=PacifiCorp | publisher=Berkshire Hathaway Energy}}</ref><ref name=enc/> }} '''PacifiCorp''' is an electric power company based in the Lloyd Center Tower in Portland, Oregon with operations in the western United States.<ref>{{cite news | url=https://www.bizjournals.com/portland/stories/2007/08/27/story9.html |title=Fresh off some big moves, Integra signs large lease | last=Culverwell | first=Wendy | work=American City Business Journals | date=August 24, 2007 | url-access=subscription}}</ref>
PacifiCorp has two business units: '''Pacific Power''', a regulated electric utility with service territory throughout Oregon, northern California, and southeastern Washington headquartered in Portland, Oregon; and '''Rocky Mountain Power''', a regulated electric utility with service territory throughout Utah, Wyoming, and southeastern Idaho, headquartered in Salt Lake City, Utah. PacifiCorp operates one of the largest privately held transmission systems in the U.S. within the western Energy Imbalance Market.<ref>{{cite web |url=http://www.caiso.com/informed/pages/eimoverview/default.aspx |title = California ISO - EIMRedirect}}</ref>
Pacific Power and Rocky Mountain Power combined serve over 1.6 million residential customers, 202,000 commercial customers, and 37,000 industrial and irrigation customers, for a total of approximately 1,813,000 customers. The service area is {{convert|143,000|sqmi|km2}}. The company owns and maintains {{convert|16500|mi|km}} of long-distance transmission lines, {{convert|64000|mi|km}} of distribution lines, and 900 substations.
PacifiCorp owns, maintains and operates generation assets and manages the commercial and trading operations of the company. PacifiCorp owns 68 generating plants with a capacity of 9,140 megawatts. 70.6% of the generation is from thermal sources (i.e., coal or natural gas), 6.7% from hydroelectric sources, and 0.2% from renewable sources. 22.5% of PacifiCorp's generation is purchased from other suppliers or under contracts.
The company is planning on keeping only 3 of its 22 coal-fired power stations operational beyond 2040 and is planning to source 56% of its yearly consumption with renewable energy by 2040.<ref>{{cite web | url=https://www.pacificorp.com/content/dam/pcorp/documents/en/pacificorp/energy/integrated-resource-plan/2023_IRP_Update.pdf | at=Figure 9.40 – 2021 IRP Preferred Portfolio Coal Retirements/Gas Conversions; Figure 9.45 – Projected Energy Mix with Preferred Portfolio Resources. |title=2023 Integrated Resource Plan | publisher=PacifiCorp}}</ref>
==History== Pacific Power & Light was formed in 1910 from the merger of several financially troubled utilities in Oregon and Washington to form the '''Pacific Power & Light Company'''.<ref name=enc>{{Cite web | url=https://www.encyclopedia.com/social-sciences-and-law/economics-business-and-labor/businesses-and-occupations/pacificorp | title=PacifiCorp | work=Encyclopedia.com}}</ref> It gradually expanded its reach to include most of Oregon, as well as portions of California, Washington and Wyoming. In 1984, it reorganized itself as a holding company, PacifiCorp, headquartered in Portland with Pacific Power as its main subsidiary.
'''Utah Power and Light''' (UP&L) was organized on 6 September 1912 from the merger of four electric companies in Utah, Idaho and Wyoming and was a Salt Lake City subsidiary of a large holding company, Electric Bond and Share Company (EBASCO) of New York. Within four years of its organization, UP&L had purchased twenty-seven other electric companies in the general Utah area, and eventually absorbed more than one hundred thirty. In 1881, one of those companies had made Salt Lake City the fifth city in the world with central station electricity.
In 1954, Pacific Power & Light merged with the '''Mountain States Power Company''', essentially doubling the company's service area. In 1961, the company purchased the California Oregon Power Company, extending its service into southern Oregon and northern California.<ref>{{cite web|url=http://www.answers.com/topic/pacificorp|title=Answers - The Most Trusted Place for Answering Life's Questions|website=Answers.com}}</ref>
In 1977, PacifiCorp spun off its coal mining interests into a mining company known as NERCO, which was eventually listed on the New York Stock Exchange and ranked as high as 353 on the Fortune 500 list of the largest American companies. Through its majority interest in NERCO, PacifiCorp was involved in the mining of coal, oil, natural gas, gold, silver, and uranium. PacifiCorp still owned 82% of NERCO in 1993, when it was acquired by the mining giant Rio Tinto Group.<ref>{{Cite web |url=http://www.riotinto.com/whoweare/timeline.asp|archiveurl=https://web.archive.org/web/20101219090438/http://www.riotinto.com/whoweare/timeline.asp|url-status=dead|title=Rio Tinto timeline|archivedate=19 December 2010|accessdate=12 May 2023}}</ref>
In August 1987, PacifiCorp agreed to acquire Utah Power & Light.<ref>{{Cite news | url=https://www.nytimes.com/1987/08/14/business/pacificorp-utah-power-to-merge.html | title=Pacificorp, Utah Power To Merge |first=Richard W. | last=Stevenson |work=The New York Times |date=14 August 1987 | url-access=limited}}</ref> The merger was completed in January 1989.<ref>{{Cite news | url=https://www.upi.com/Archives/1989/01/09/PacifiCorp-merges-with-Utah-Power/5411600325200/ | title=PacifiCorp merges with Utah Power | first=PETER | last=GILLINS | work=United Press International | date=January 9, 1989}}</ref>
In 2001, PacifiCorp was acquired by Scottish Power.<ref>{{Cite news | url=https://www.wsj.com/articles/SB912870838351921500 | title=Scottish Power Agrees to Buy PacifiCorp In a Stock Deal Valued at $7.8 Billion | first1=Kathryn | last1=Kranhold | first2=Steven | last2=Lipin | work=The Wall Street Journal | date=December 7, 1998 | url-access=subscription | issn=0099-9660}}</ref>
In 2006, PacifiCorp was acquired by Berkshire Hathaway Energy, formerly known as MidAmerican Energy Holdings, a division of Berkshire Hathaway, for $5.1 billion in cash.<ref>{{Cite news | url=https://www.nbcnews.com/id/wbna7962826 | title=Buffett buys PacifiCorp for $5.1 billion cash | agency=Associated Press | work=NBC News | date=May 24, 2005}}</ref>
In a July 2006 reorganization, Pacific Power's territory in central and eastern Wyoming was merged with the Utah Power territory to form Rocky Mountain Power.<ref>{{Cite news | url=https://www.deseret.com/2006/7/12/19963166/bye-to-utah-power-on-monday-utility-s-name-will-become-rocky-mountain-power/ | title=Bye to Utah Power: On Monday, utility's name will become Rocky Mountain Power | first=Brice | last=Wallace | work=Deseret News | date=July 12, 2006}}</ref><ref>{{Cite news | url=https://www.pinedaleonline.com/news/2006/07/PacificPowerbecomesR.htm | title= Pacific Power becomes Rocky Mountain Power | work=Pinedale, Wyoming | date=July 12, 2006}}</ref>
===Generation resources=== In these tables of generation properties owned or partially owned by PacifiCorp, total capacity is 10,556 MW. Of this, 56% is coal, 24% is natural gas, 10% is hydroelectric, and 10% is renewable.
Major generation facilities include:
====Thermal generation (Fossil fueled) ==== {| class="wikitable" |- ! Plant Name ! Location ! Fuel ! Net Capacity (MW) ! Online Date |- | Jim Bridger (Two-thirds owner) | Point of Rocks, WY | Coal | 1,413.4 | |- | Hunter | Castle Dale, Utah | Coal | 1,112.4 | 1977 |- | Huntington | Huntington, Utah | Coal | 895.0 | 1973 |- | Dave Johnston | Glenrock, Wyoming | Coal | 762.0 | |- | Naughton | Kemmerer, Wyoming | Coal | 357.0 | |- | Naughton | Kemmerer, Wyoming | Natural Gas | 247.0 | |- | Lake Side | Vineyard, Utah | Natural Gas | 1,203.0 |2007/2014 |- | Currant Creek | Mona, Utah | Natural Gas | 540.0 | |- | Hermiston | Hermiston, Oregon | Natural Gas | 540.0 | |- | Chehalis | Chehalis, Washington | Natural Gas | 540.0 | |- | Cholla | Joseph City, Arizona | Coal | 0 ||-retired
| Gadsby | Salt Lake City, Utah | Natural Gas | 355.0 | |- | Wyodak | Wyoming | Coal | 268.0 | |- | Craig (partial owner) | Craig, Colorado | Coal | 165.0 | |- | Colstrip (partial owner) | Colstrip, Montana | Coal | 148.0 | |- | Hayden (partial owner) | Colorado | Coal | 78.1 | |- | |- | Total Coal | | | 5,579 | |- | Total Gas | | | 3,265 | |- | TOTAL | | | 8,844 | |}
====Hydroelectric generation==== {| class="wikitable" |- ! Name ! Net Capacity (MW) |- | Lewis River | 578.2 |- | North Umpqua Hydroelectric Project | 199.9 |- | Klamath River Hydroelectric Project | 163.8 |- | Bear River | 103.9 |- | Prospect (Rogue River) | 36.0 |- | (30 minor projects) | 78.3 |- | |- | TOTAL | 1160 |}
====Renewable generation==== {| class="wikitable" |- ! Name ! Type ! Net Capacity (MW) |- | Leaning Juniper I | Wind | 100.5 |- | Wolverine Creek | Wind | 64.5 |- | Rock River I | Wind | 50.0 |- | Combine Hills | Wind | 41.0 |- | Foote Creek | Wind | 41.1 |- | Blundell | Geothermal | 33.0 |- | Goodnoe Hills | Wind | 94 |- | Marengo I | Wind | 156 |- | Marengo II | Wind | 78 |- | Glenrock | Wind | 138 |- | Seven Mile Hill | Wind | 99 |- | Seven Mile Hill II | Wind | 19.5 |- | Rolling Hills | Wind | 99 |- | Glenrock III | Wind | 39 |- | High Plains | Wind | 99 |- | McFadden Ridge | Wind | 28.8 |- | Dunlap | Wind | 111 |- | Black Cap | Solar | 2 |- | Cedar Springs II | Wind | 200 |- | Ekola Flats | Wind | 250.9 |- | TB Flats I | Wind | 250 |- | TB Flats II | Wind | 250 |- | |- | Total Wind | | 2,209.6 |- | Total Solar | | 2 |- | Total Geothermal | | 33 |- | |- | TOTAL Renewable | | 2,244.6 |}
===Coal mining=== PacifiCorp also owns and operates several captive coal mines located at or very near some of its generation plants. In Wyoming, PacifiCorp operates and has partial interest in Jim Bridger Mine and owns the Dave Johnston Mine, which is in final reclamation. The company also owned and operated the Deer Creek Mine in Utah, near the Huntington Plant but closed it in 2015 and has a partial interest in the Trapper Mine in Colorado.
=== Electric vehicles === Calling it a "new era of utility involvement in transportation electrification," the ''Portland Business Journal'' in 2018 described PacifiCorp's electric vehicle promotion program as a plan that promises new electric vehicle charging sites, outreach and education efforts. The program was spawn from legislation passed in 2016 that called for more renewable energy from the state's utility companies.<ref>{{cite news |author=Pete Danko |title=PacifiCorp OK'd to build EV charging stations as part of $4.6M transportation plan |url=https://www.bizjournals.com/portland/news/2018/03/06/pacificorp-okd-to-build-ev-charging-stations-as.html |access-date=12 May 2023 |work=Portland Business Journal |date=6 March 2018}}</ref>
=== Customers === As of May 1, 2007, Rocky Mountain Power serves approximately 758,000 customers in Utah, 129,000 customers in Idaho, and 67,000 customers in Wyoming.
=== Net metering === In November 2017, Rocky Mountain Power made a deal with Utah's utility authorities to phase out net metering. The program was paying customers who generated their own electricity with rooftop solar panels the residential rate for their excess energy that got sent back into the energy grid. As of August 2018, new rooftop solar installations were down 23 percent, likely due to the cancellation of the net metering program. New solar customers are paid by a transitional program that pays slightly less than the residential rate until 2033. People who installed solar panels prior to November 2017 are grandfathered at the previous rates until 2035.<ref>{{Cite news|url=https://www.sltrib.com/news/environment/2018/08/22/number-utahns-installing/|title=The number of Utahns installing solar power has dropped 23 percent since utility changed the way customers are paid|work=The Salt Lake Tribune|access-date=2018-08-30|language=en-US}}</ref>
===Pacific Power=== Pacific Power serves customers in Washington, Oregon and California. Major cities served include: *'''California''' **Crescent City **Dunsmuir **Mount Shasta **Yreka *'''Oregon''' **Albany **Astoria **Bend **Coos Bay **Corvallis **Dallas **Grants Pass **Hermiston **Hood River **Independence **Junction City **Klamath Falls **Lebanon **Lincoln City **Medford **North Bend **Pendleton **Portland (parts of downtown, northern and eastern Portland; the rest of city is served by Portland General Electric.) **Prineville **Redmond **Roseburg **Stayton **Sweet Home *'''Washington''' **Walla Walla **Yakima
As of December 31, 2009, Pacific Power serves 555,070 customers in Oregon, 126,665 customers in Washington, and 45,148 customers in California.<ref>{{cite news|url=http://www.pacificpower.net/about/cf/qf.html|title=Pacific Power Quick Facts|access-date=2010-05-31}}</ref>
===Rocky Mountain Power=== Rocky Mountain Power serves customers in Idaho, Utah, and Wyoming.
Major cities served include:
==== Idaho ==== Ammon, Lava Hot Springs, Malad City, Montpelier, Preston, Rigby, Rexburg, Saint Anthony, Shelley
==== Utah ==== Rocky Mountain Power serves most major cities in Utah, with the following exceptions:
Bountiful, Kaysville, Lehi, Logan, Payson, Provo, Murray, Monroe, Monticello, Springville, St. George
==== Wyoming ==== Buffalo, Casper, Cody, Douglas, Evanston, Green River, Kemmerer, Lander, Laramie, Rawlins, Riverton, Rock Springs, Thermopolis
==Legal issues== In 2023, a jury ordered PacifiCorp to pay $70 million in punitive damages to 17 homeowners negatively impacted by the 2020 Oregon wildfires.<ref>{{Cite news | title=Oregon jury: PacifiCorp must pay punitive damages for fires, plus award that could reach billions | url=https://apnews.com/article/oregon-wildfires-pacificorp-lawsuit-damages-b525debb59e83f3fd623c74f3329e80e | first1=CLAIRE | last1=RUSH | first2=Gene | last2=Johnson | work=Associated Press | date=June 14, 2023}}</ref> In August 2024, PacifiCorp revealed that it faced at least $46 billion in claims resulting from four separate class action complaints related to the wildfires.<ref>{{Cite news | last=Hering | first=Garrett | work=S&P Global | date=August 5, 2024 | title=Wildfire claims against PacifiCorp surge to $46B on Oregon mass complaints | url=https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/electric-power/080524-wildfire-claims-against-pacificorp-surge-to-46b-on-oregon-mass-complaints | archive-url=https://web.archive.org/web/20240823234600/https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/electric-power/080524-wildfire-claims-against-pacificorp-surge-to-46b-on-oregon-mass-complaints | archive-date=2024-08-23 | url-status=live}}</ref>
==References== {{Reflist}}
==External links== {{Commons category|Pacificorp}} *[https://www.pacificorp.com/ Pacificorp home page] *[https://www.pacificpower.net/ Pacific Power home page] *[https://www.rockymountainpower.net/ Rocky Mountain Power home page] *[https://www.brkenergy.com/ Berkshire Hathaway Energy home page]
{{Berkshire Hathaway}} {{Electric Utilities in CA}} {{Authority control}}
{{DEFAULTSORT:Pacificorp}} Category:PacifiCorp Category:1984 establishments in Oregon Category:Berkshire Hathaway Category: Companies formerly listed on the New York Stock Exchange Category:Companies based in Portland, Oregon Category:Economy of the Northwestern United States Category:Electric power companies of the United States Category:Energy in Oregon Category:Hydroelectric power companies of the United States Category:Superfund sites in Utah Category: 2001 mergers and acquisitions Category: 2006 mergers and acquisitions