News Stories
Sponsored by Earth Etch. Regulatory insight and compliance solutions for today’s energy markets.
Portland General Electric Announces Acquisition of Washington State Utility Operations and Select Assets from PacifiCorp
On February 17, 2026 Portland General Electric Company announced an agreement to acquire select Washington state generation, transmission and electric utility operations from PacifiCorp for $1.9 billion. The acquisition will enable PGE to extend its long-standing commitments to reliability, affordability, economic development and a customer-centric approach to approximately 140,000 Washington customers.
Under the agreement, PGE will acquire three generation facilities: the Chehalis natural gas plant (477 MW), the Goodnoe Hills wind facility (94 MW), and the Marengo I and II wind facilities (234 MW). The acquisition also includes 4,500 miles of transmission and distribution lines, and local utility operations across 2,700 square miles.
PGE will manage the Washington operations as a separate company through a newly formed subsidiary regulated by the Washington Utilities and Transportation Commission. PGE will retain current Washington employees and honor the existing labor process. PGE corporate functions will provide shared support for both Washington and Oregon companies.
Washington and Oregon customers will not be impacted by costs associated with executing the acquisition and transaction financing. PGE expects the state and federal regulatory reviews of the acquisition to close 12 months after submission of regulatory filings.
For additional information about the acquisition announcement, visit portlandgeneral.com/pnwenergy.
