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Northwest Airlines has arranged for a Portland, Ore., utility to buy the Pan Am Shuttle and allow Northwest to operate the shuttle with an option to buy, according to a published report Monday.

Northwest would not comment on the report in The Wall Street Journal. The newspaper said PacifiCorp would buy the Boston-New York-Washington shuttle for about $150 million.

"We can't comment on that as to whether we are in negotiations or struck a deal," said Doug Miller, a spokesman for Northwest, the nation's fourth largest airline. "There's no announcement to make and we don't have any comment on it."

PacifiCorp and New York-based Pan Am also declined to comment.

PacifiCorp is the third largest utility in the West, holding Pacific Power of Portland and Utah Power of Salt Lake City. A subsidiary, PacifiCorp Financial Services Inc., has $1.7 billion in assets and has interests in 50 aircraft. It reported a 1989 aviation finance portfolio of $244 million, spokeswoman Caroline Petrich said.

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