Latham & Watkins Advises on PacifiCorp’s Offering of First Mortgage Bonds Totaling US$2.5 Billion

PacifiCorp, an indirect wholly owned subsidiary of Berkshire Hathaway Energy Company and a US-regulated electric utility company headquartered in Oregon, is offering US$2.5 billion aggregate principal amount of first mortgage bonds, comprising US$300 million of 4.650% bonds due 2029, US$550 million of 5.100% bonds due 2031, US$800 million of 5.450% bonds due 2033, and US$850 million of 5.800% bonds due 2036.

Latham & Watkins LLP represented the underwriters in the offering with a Capital Markets team led by New York partner Erika Weinberg and Los Angeles/New York partner Greg Rodgers, with associates Robyn Sablove, Ari Anderson, Jackie Stern, and Samantha Gould. Advice was also provided on tax matters by New York partner Bora Bozkurt, with associate Farrah Yan; on environmental matters by New York partner Gary Gengel, with associate Gina Kwon; on energy regulatory and markets matters by Washington, D.C. partner Tyler Brown and counsel James Blackburn, with assistance from Elisa Vial; and on litigation matters by Los Angeles partners Michael Reiss and Josh Hamilton and Los Angeles counsel Lauren Barnett, with associate Emily True.