exh10-1.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 10.13 to the MidAmerican Annual Report on Form 10-K for the
year ended December 31, 2008 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, 2009 (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

            	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
              A.
      Robert Lasich

            	
              236,000

            	 
      	
              75%

            
	
              President,
      PacifiCorp Energy

            	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
              Brent
      E. Gale

            	
              287,000

            	 
      	
              25%

            
	
              Director

            	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
              Natalie
      L. Hocken

            	
              183,920

            	 
      	
              20%

            
	
              Director

            	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
              Mark
      C. Moench

            	
              218,754

            	 
      	
              50%

            
	
              Director