exhibit10-1.htm


     

    
      

      

    

     

    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 MEHC Annual Report on Form 10-K
for the year ended December 31, 2009 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, 2010 (excluding
Mr. Abel):

      


      
        	
                Name
      and Principal Position

              	 	
                Base
      Salary

              	 	 	
                AIP
      Target Opportunity

              	 
	 
      	 	 	 	 	
                (percentage
      of base salary)

              	 
	 
      	 	 	 	 	 	 
	
                Douglas
      K. Stuver

              	 	$	228,800	 	 	 	40	%
	
                Senior
      Vice President and

              	 	 	 	 	 	 	 	 
	
                Chief
      Financial Officer

              	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 
	
                A.
      Richard Walje

              	 	 	351,900	 	 	 	50	%
	
                President,
      Rocky Mountain Power

              	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 
	
                R.
      Patrick Reiten

              	 	 	265,740	 	 	 	30	%
	
                President,
      Pacific Power

              	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 
	
                Micheal
      G. Dunn

              	 	 	250,000	 	 	 	100	%
	
                President,
      PacifiCorp Energy

              	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 
	
                Brent
      E. Gale

              	 	 	287,000	 	 	 	25	%
	
                Director

              	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 
	
                Natalie
      L. Hocken

              	 	 	190,357	 	 	 	20	%
	
                Director

              	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 
	
                Mark
      C. Moench

              	 	 	218,754	 	 	 	50	%
	
                Director