(14) Preferred Stock

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



	Redemption	2013			2012
	Price Per Share	Shares	Amount		Shares	Amount
Series:
Serial Preferred, $100 stated value,
3,500 shares authorized
4.52% to 5.40%	$100.0 to $103.5	—	$	—	257	$	26
6.00% to 7.00%	Non-redeemable	24	2		24	2
5% Preferred, $100 stated value,
127 shares authorized	$110.0	—	—		126	13
		24	$	2	407	$	41

In 2013, PacifiCorp redeemed and canceled all remaining outstanding shares of its redeemable preferred stock at stated redemption prices, which in aggregate totaled $40 million, plus accrued and unpaid dividends.

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 $- million and $1 million as of December 31, 2013 and 2012, respectively.

PacifiCorp also has 16 million shares of No Par Serial Preferred Stock authorized, but no shares were issued or outstanding as of December 31, 2013 and 2012.