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Daily Memo

THE — VALLEY — —

Manor affiliate gets $1.7 million grant

Rogue Valley Manor Community Housing has been awarded $1,704,300 in federal funding to buy a 24-unit apartment complex in Myrtle Creek.

The complex would provide affordable housing for seniors. The funding comes from the U.S. Department of Housing and Urban Development.

Rogue Valley Manor Community Housing is a subsidiary of Pacific Retirement Services, which also owns the Rogue Valley Manor and is based in Medford.

The community housing branch has a 40-unit facility in Myrtle Creek and similar developments in Medford, Bend, Ashland, Eagle Point, Grants Pass, Roseburg, Klamath Falls, Reedsport, Eugene, Yreka, Calif. and Fort Worth, Texas. It is building a 60-unit complex in Medford on Ellendale Drive.

— — REGION

Power companies complete merger

PORTLAND

-- ScottishPower and PacifiCorp today announced the completion of their merger, the first of its kind between utilities in the United States and the United Kingdom.

This merger marks a significant milestone in the histories of our companies, said Alan Richardson, PacifiCorp's new chief executive officer. Richardson said the company will focus on integrating the two companies to ensure that benefits are delivered to customers, employees and shareholders.

PacifiCorp serves about 1.4 million customers across six states: California, Idaho, Oregon, Utah, Washington and Wyoming. The combined utility group will have market capitalization of approximately $17 billion and about 7.5 million customers across the western U.S., the U.K. and Australia.