EXHIBIT (21) SUBSIDIARIES OF THE COMPANY PacifiCorp Group Holdings Company, a wholly-owned subsidiary of the Company and a Delaware corporation, has the following subsidiaries: APPROXIMATE STATE OR PERCENTAGE JURISDICTION OF OF VOTING INCORPORATION OR NAME OF SUBSIDIARY SECURITIES OWNED ORGANIZATION - -------------------------------------------------- -------------------- ------------------ PacifiCorp Financial Services, Inc................ 100% Oregon Pacific Harbor Capital, Inc..................... 100% Delaware PacifiCorp International Group Holdings Company... 100% Oregon Pan Pacific Global Corporation.................. 100% Oregon PacifiCorp Australia LLC.................... 80%* Oregon PacifiCorp Australia Holdings Pty. Ltd.... 100% Australia Powercor Australia Limited............ 100% Australia Eastern Investment Company...................... 100% Oregon - ------------------------ * Remaining 20% owned by Eastern Investment Company. S-3