PWPacifiCorp Washington state utility operations and select assetsPGPortland General Electric Company

Overview

Portland General Electric agreed to acquire PacifiCorp's Washington state generation, transmission and electric utility operations for $1.9 billion, partnering with Manulife Investment Management, which would be a minority owner. The assets include three generation facilities, 4,500 miles of transmission and distribution lines, and about 140,000 customers.

Deal rationale

The acquisition lets PGE expand into Washington, extend its reliability and customer service commitments, and expects accretion in the first full year after closing and enhanced long-term EPS and dividend growth.

Timeline

1. AnnouncedFeb 17, 2026

   Imported from prototype record 152, unverified

   Filing

Valuation and terms

Advisors

Parties