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EXHIBIT 10.1
 
 
SUMMARY OF KEY TERMS OF NAMED EXECUTIVE OFFICER AND EMPLOYEE DIRECTOR
COMPENSATION

PacifiCorp’s named executive officers (other than its Chairman and Chief
Executive Officer, Greg Abel) and its other employee directors each receive an
annual salary and participate in health insurance and other benefit plans on the
same basis as other employees, as well as certain other benefit plans described
in PacifiCorp’s Annual Report on Form 10-K. Mr. Abel is employed by PacifiCorp’s
parent company, MidAmerican Energy Holdings Company (“MEHC”) and is not directly
compensated by PacifiCorp. PacifiCorp reimburses MEHC for the cost of Mr. Abel’s
time spent on PacifiCorp matters, including compensation paid to him by MEHC,
pursuant to an intercompany administrative services agreement among MEHC and its
subsidiaries.

Our directors are employees of PacifiCorp, or in the case of Messrs. Abel,
Anderson and Goodman, employees of MEHC, and do not receive additional
compensation for service as a director.

Our named executive officers and directors employed by us are also eligible for
a cash incentive under the PacifiCorp Annual Incentive Plan (“AIP”) and
participate in MEHC’s Long-Term Incentive Partnership Plan (“LTIP”). A copy of
the LTIP is attached as Exhibit 10.11 to the MidAmerican Annual Report on
Form 10-K for the year ended December 31, 2007 and incorporated by reference
herein.

Base salary and target bonus opportunities for named executive officers and
employee directors for PacifiCorp’s fiscal year ending December 31, 2008
(excluding Mr. Abel):

Name and Principal Position
Base Salary
 
AIP Target Opportunity
     
(percentage of base salary)
       
David J. Mendez (a)
$     219,555
 
                                 30%
Senior Vice President and
     
Chief Financial Officer
             
A. Richard Walje
345,000
 
                                 50%
President, Rocky Mountain Power
             
R. Patrick Reiten
 258,000
 
                                 30%
President, Pacific Power
             
A. Robert Lasich
230,000
 
                                 75%
President, PacifiCorp Energy
             
Brent E. Gale
280,000
 
                  25%
Director
             
Natalie L. Hocken
176,000
 
                  20%
Director
             
Mark C. Moench
212,382
 
                  50%
Director
     

 
(a)
On February 8, 2008, David J. Mendez, resigned as a director and officer of
PacifiCorp, effective February 29, 2008.

 
 

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