{"id":937154,"date":"2026-02-17T05:30:25","date_gmt":"2026-02-17T10:30:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pacificorp-to-sell-washington-service-area-to-portland-general-electric\/"},"modified":"2026-02-17T05:30:25","modified_gmt":"2026-02-17T10:30:25","slug":"pacificorp-to-sell-washington-service-area-to-portland-general-electric","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pacificorp-to-sell-washington-service-area-to-portland-general-electric\/","title":{"rendered":"PacifiCorp to Sell Washington Service Area to Portland General Electric"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>PacifiCorp to Sell Washington Service Area to Portland General Electric<\/b><\/p>\n<p>PORTLAND, Ore.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nPacifiCorp today announced it has entered into an agreement with Portland General Electric Company (NYSE: POR) to sell its wind, natural gas generation and distribution assets and infrastructure in the state of Washington for $1.9 billion, subject to customary purchase price adjustments.<\/p>\n<p>\nThe agreement outlines the sale of PacifiCorp\u2019s assets, including the Chehalis thermal plant, Marengo wind facility, Goodnoe Hills wind facility and the distribution infrastructure required to serve customers in the current Pacific Power service area in Yakima, Walla Walla and surrounding communities.<\/p>\n<p>\n\u201cThis is a targeted step toward ensuring the continued delivery of safe, reliable power to our nearly two million customers in the West and Intermountain West,\u201d said Darin Carroll, PacifiCorp\u2019s CEO. \u201cThis will improve the company\u2019s financial stability while simplifying our operations to support our long-term commitment to customers in each of our remaining states.\u201d<\/p>\n<p>\nDiverging policies among the six states PacifiCorp serves have created extraordinary pressure, affecting the company\u2019s ability to meet demand reliably and at the lowest cost to customers. These challenges have impacted the company\u2019s financial stability, liquidity and credit ratings. The sale will be a critical step in strengthening PacifiCorp\u2019s financial position and simplifying operations across its service area.<\/p>\n<p>\n\u201cThis transaction will better align the costs, benefits and obligations across PacifiCorp\u2019s diverse service areas and help create a more workable multistate utility structure,\u201d said Carroll.<\/p>\n<p>\nThe transaction is expected to take up to a year to finalize, and both companies anticipate a seamless transition for Washington employees.<\/p>\n<p>\nPacifiCorp remains deeply committed to the communities it serves. PGE is positioned to continue growth and investment in the region and will continue to provide reliable service and maintain a strong focus on customer satisfaction in Washington.<\/p>\n<p>\nFor more information, visit PacificPower.net\/WashingtonNews.<\/p>\n<p><b>About PacifiCorp<\/b><\/p>\n<p>\nPacifiCorp is one of the lowest-cost electrical providers in the United States, serving two million customers. The company operates as Rocky Mountain Power in Idaho, Utah and Wyoming and as Pacific Power in California, Oregon and Washington. PacifiCorp provides safe and reliable service through a vast, integrated system of generation and transmission that connects communities as the largest regulated utility owner of wind power in the West. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.pacificorp.com%2F&amp;esheet=54426867&amp;newsitemid=20260216425128&amp;lan=en-US&amp;anchor=PacifiCorp.com&amp;index=1&amp;md5=a212ef36996fd33c4fc0e635700b1587\">PacifiCorp.com<\/a>.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains statements that do not directly or exclusively relate to historical facts. These statements are &#8220;forward-looking statements&#8221; within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act and include, but are not limited to, any statements relating to the consummation of the proposed transaction and the expected timing thereof, the synergies and other benefits to be realized if the proposed transaction is consummated, including the impact of the transaction on PacifiCorp&#8217;s financial position and operations. Forward looking statements can typically be identified by the use of forward-looking words, such as &#8220;will,&#8221; &#8220;may,&#8221; &#8220;could,&#8221; &#8220;project,&#8221; &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;expect,&#8221; &#8220;estimate,&#8221; &#8220;continue,&#8221; &#8220;intend,&#8221; &#8220;potential,&#8221; &#8220;plan,&#8221; &#8220;forecast&#8221; and similar terms. These statements are based upon PacifiCorp&#8217;s current intentions, estimates, assumptions, expectations and beliefs and are subject to risks, uncertainties and other important factors. Many of these factors are outside the control of PacifiCorp and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, among others, considerations that may be disclosed from time to time in PacifiCorp&#8217;s filings with the United States Securities and Exchange Commission (the &#8220;SEC&#8221;) or in other publicly disseminated written documents. PacifiCorp undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law. The foregoing factors should not be construed as exclusive.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260216425128r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260216425128\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260216425128\/en\/<\/a><\/span><\/p>\n<p>\nMedia hotline: 503-813-6018<\/p>\n<p><b>KEYWORDS:<\/b> Oregon Washington United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Utilities Energy<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260216425128\/en\/2718819\/3\/PC_Registered_Logo_NO_Tag_2022_CMYK_BLACK.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>PacifiCorp to Sell Washington Service Area to Portland General Electric PORTLAND, Ore.&#8211;(BUSINESS WIRE)&#8211; PacifiCorp today announced it has entered into an agreement with Portland General Electric Company (NYSE: POR) to sell its wind, natural gas generation and distribution assets and infrastructure in the state of Washington for $1.9 billion, subject to customary purchase price adjustments. The agreement outlines the sale of PacifiCorp\u2019s assets, including the Chehalis thermal plant, Marengo wind facility, Goodnoe Hills wind facility and the distribution infrastructure required to serve customers in the current Pacific Power service area in Yakima, Walla Walla and surrounding communities. \u201cThis is a targeted step toward ensuring the continued delivery of safe, reliable power to our nearly two million customers in the West &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pacificorp-to-sell-washington-service-area-to-portland-general-electric\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;PacifiCorp to Sell Washington Service Area to Portland General Electric&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-937154","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PacifiCorp to Sell Washington Service Area to Portland General Electric - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pacificorp-to-sell-washington-service-area-to-portland-general-electric\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PacifiCorp to Sell Washington Service Area to Portland General Electric - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PacifiCorp to Sell Washington Service Area to Portland General Electric PORTLAND, Ore.&#8211;(BUSINESS WIRE)&#8211; PacifiCorp today announced it has entered into an agreement with Portland General Electric Company (NYSE: POR) to sell its wind, natural gas generation and distribution assets and infrastructure in the state of Washington for $1.9 billion, subject to customary purchase price adjustments. The agreement outlines the sale of PacifiCorp\u2019s assets, including the Chehalis thermal plant, Marengo wind facility, Goodnoe Hills wind facility and the distribution infrastructure required to serve customers in the current Pacific Power service area in Yakima, Walla Walla and surrounding communities. \u201cThis is a targeted step toward ensuring the continued delivery of safe, reliable power to our nearly two million customers in the West &hellip; Continue reading &quot;PacifiCorp to Sell Washington Service Area to Portland General Electric&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/pacificorp-to-sell-washington-service-area-to-portland-general-electric\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-17T10:30:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260216425128r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pacificorp-to-sell-washington-service-area-to-portland-general-electric\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pacificorp-to-sell-washington-service-area-to-portland-general-electric\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"PacifiCorp to Sell Washington Service Area to Portland General Electric\",\"datePublished\":\"2026-02-17T10:30:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pacificorp-to-sell-washington-service-area-to-portland-general-electric\\\/\"},\"wordCount\":669,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pacificorp-to-sell-washington-service-area-to-portland-general-electric\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20260216425128r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pacificorp-to-sell-washington-service-area-to-portland-general-electric\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pacificorp-to-sell-washington-service-area-to-portland-general-electric\\\/\",\"name\":\"PacifiCorp to Sell Washington Service Area to Portland General Electric - 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