(14) Preferred Stock

PacifiCorp's preferred stock was as follows as of December 31 (shares in thousands, dollars in millions, except per share amounts):



	Redemption	2011			2010
	Price Per Share	Shares	Amount		Shares	Amount
Series:
Serial Preferred, $100 stated value,
3,500 shares authorized
4.52% to 4.72%	$102.3 to $103.5	149	$	15	149	$	15
5.00% to 5.40%	$100.0 to $101.0	108	10		108	10
6.00%	Non-redeemable	6	1		6	1
7.00%	Non-redeemable	18	2		18	2
5% Preferred, $100 stated value,
127 shares authorized	$110.0	126	13		126	13
		407	$	41	407	$	41

Generally, preferred stock is redeemable at stipulated prices plus accrued dividends, subject to certain restrictions. In the event of voluntary liquidation, all preferred stock is entitled to stated value or a specified preference amount per share plus accrued dividends. Upon involuntary liquidation, all preferred stock is entitled to stated value plus accrued dividends. Dividends on all preferred stock are cumulative. Holders also have the right to elect members to the PacifiCorp Board of Directors in the event dividends payable are in default in an amount equal to four full quarterly payments.

Dividends declared but not yet due for payment on preferred stock were $1 million as of December 31, 2011 and 2010.