PacifiCorp has agreed to sell its wind, natural gas generation, and distribution assets in Washington state to Portland General Electric Company for $1.9 billion, subject to customary adjustments. The sale includes the Chehalis thermal plant, Marengo wind facility, Goodnoe Hills wind facility, and distribution infrastructure serving the Pacific Power service area in Yakima, Walla Walla, and surrounding communities. The transaction is expected to take up to a year to complete, with both companies anticipating a smooth transition for Washington employees. PacifiCorp stated that this move will strengthen its financial position and simplify operations across its service area.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PGE - Portland General Electric Company published the original content used to generate this news brief via Business Wire (Ref. ID: 202602170527BIZWIRE_USPR_____20260216_BW425128) on February 17, 2026, and is solely responsible for the information contained therein.