PacifiCorp to divest Washington assets to PGE for $1.9bn

PacifiCorp has agreed to offload its wind, natural gas generation and distribution assets in Washington, US, to Portland General Electric (PGE) in a transaction valued at $1.9bn. This sale is subject to standard adjustments to the purchase price. The agreement includes significant facilities such as the Chehalis thermal plant and the Marengo and Goodnoe Hills wind farms. The transaction also involves the distribution infrastructure that supports customers in Yakima, Walla Walla and nearby areas current ...