Pope said the acquisition is forecast to be accretive in the first year and supports long-term EPS and dividend growth expectations of 5% to 7%. She added that PGE expects to be “squarely above the midpoint” of that long-term range, citing factors including financing plans, cost management and integration opportunities.The company said it is partnering with Manulife Investment Management and its affiliate John Hancock, which will hold a 49% minority stake in the Washington business, with PGE owning 51% and ...

Financial Data and Key Metrics Changes - For the full year 2025, the company reported GAAP net income of $306 million, or $2.77 per diluted share, and non-GAAP net income of $336 million, or $3.05 per share [9] - The results were impacted by unprecedented warm weather, which reduced earnings by $0.17 per share in the fourth quarter [9] - The company anticipates 2026 earnings guidance of $3.33-$3.53 per share, reaffirming long-term earnings and dividend growth guidance of 5%-7% [10][21] Business Line Data and Key Metrics Changes - Total load increased by 3.8% overall and 4.7% weather-adjusted compared to 2024, with industrial load increasing by 14% [15] - Residential load decreased by 1.8% year-over-year but increased by 0.4% weather-adjusted, while residential customer count increased by 1.3% [16] - The company executed five additional contracts with data center customers, totaling 430 MW, further strengthening its pipeline of large load customers [11] Market Data and Key Metrics Changes - The company’s overall portfolio is expected to grow by approximately 18% due to the acquisition of PacifiCorp's utility assets in Washington State, which will serve 140,000 customers [7][23] - The acquisition is forecasted to be accretive in the first year, diversifying and broadening growth opportunities [8] Company Strategy and Development Direction - The acquisition of PacifiCorp's utility assets is a key step in the company's strategy to expand into Washington State, enhancing operational capabilities and customer growth [5][24] - The company is focused on managing costs, advancing regulatory proceedings, and integrating clean energy resources to meet customer and policy-driven goals [10][34] - The company plans to leverage its operational expertise and customer focus to enhance service delivery in Washington [8][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory, citing strong demand from data centers and high-tech customers as a key driver [15][19] - The company is optimistic about the regulatory environment in Washington, which includes multi-year rate plans and frameworks for clean energy investment [24] - Management highlighted the importance of maintaining investment-grade credit ratings and strong cash flow metrics [18][19] Other Important Information - The company has signed agreements for new energy projects, including solar and battery storage facilities, expected to come online by the end of 2027 [13][14] - Total liquidity at the end of the year was $954 million, with an improved outlook from Moody's from negative to stable [18] Q&A Session Summary Question: Can you touch on the accretion drivers and frame the sensitivities around the acquisition? - Management highlighted permanent financing plans, cost management execution, and integration of new customers as key accretion drivers [38][39] Question: What is the expected earned ROE over time from the acquisition? - Management indicated an imputed allowed ROE of 9.5% and expects to work towards achieving similar efficiency levels over time [48] Question: What are the approval requirements in Oregon and Washington? - In Oregon, the standard is a no-harm standard, while in Washington, it is a net benefit standard, both with an approval process of approximately 11 months [110]

SAN FRANCISCO, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Girard Sharp, LLP, a national investment, securities, and consumer class action firm, is investigating potential claims on behalf of investors with Inspired Healthcare Capital. If you are a current or former IHC investor, and believe you may have been impacted, please fill out this form, email apolk@girardsharp.com, or call (866) 981-4800 for a free consultation.  Inspired Healthcare Capital (IHC) is a private equity firm that focuses on senior living housing ...

Core Insights - Wall Street has shown moderate performance in early 2026, with the S&P 500 gaining 1.1%, Dow Jones up 3.6%, and Nasdaq Composite down 0.9%, while small-cap index Russell 2000 has surged 6.5% and State Street SPDR Portfolio S&P 600 Small Cap ETF SPSM has increased by 8.7% [1] Market Performance - The small-cap stocks are outperforming larger peers, indicating a shift in investor preference towards domestic-focused companies amid macroeconomic uncertainties [10] Macro Environment - Key factors influencing market performance include heightened geopolitical tensions, a rebound in the U.S. dollar, fluctuations in precious metals, and the impact of winter storm Fern on natural gas prices [2] Geopolitical Tensions - Increased geopolitical concerns arose from U.S. actions against Venezuela and potential actions regarding Iran, which have contributed to market unease [3][5] U.S. Dollar Dynamics - The U.S. dollar strengthened following the nomination of Kevin Warsh, viewed as a hawkish central banker, benefiting small-cap stocks due to their lower foreign exposure [6] Earnings Outlook - U.S. small-cap earnings are expected to rebound, with the S&P 600 index projected to achieve 12.7% positive earnings growth in 2025, followed by steady growth of 10.7% and 14.7% in 2026 and 2027, respectively [7] Valuation Metrics - The Russell 2000 trades at a trailing P/E of 36.56X and a forward P/E of 23.25X, indicating potential undervaluation compared to the Nasdaq 100's forward P/E of 24.69 [8] Small-Cap ETFs Performance - Notable small-cap ETFs include Invesco S&P SmallCap 600 Revenue ETF (RWJ) up 11.6%, Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG) up 9.4%, and others showing strong momentum [11]

Investment Strategy - The John Hancock Corporate Bond ETF (JHCB US) invests at least 80% of net assets in investment-grade corporate bonds rated AAA–BBB- by S&P/Fitch or Aaa–Baa3 by Moody's [1] - The portfolio construction focuses on sector/industry allocation and bottom-up security selection to identify undervalued credits while incorporating ESG factors [1] - The fund may allocate up to 20% in investment-grade bank loans and cash equivalents, with limits on USD-denominated foreign corporate and government securities [1] Derivatives and Liquidity - Derivatives usage is typically limited to 5% of net assets for risk management and efficient exposure, with no leverage employed [1] - Liquidity is supported by the ETF creation/redemption mechanism, although direct loan positions may be less liquid [1] - Active trading and cash creations/redemptions can impact turnover and taxes, with sell/trim decisions based on relative value, credit migration, and risk controls [1]

Core Insights - The John Hancock Dimensional Emerging Markets Index targets a broad universe of large- and mid-cap emerging market stocks, applying rules-based tilts towards smaller market caps, lower relative price (e.g., lower P/B), and higher profitability [1] Group 1: Portfolio Construction Methodology - The index requires securities to be within the top 80% of each eligible country's market cap and the top 85% across all eligible countries, with adjustments for float and country-level grouping [1] - Within each country, stocks are divided into two size bands to increase weights on smaller stocks, with additional multipliers adjusting weights based on relative price and profitability [1] - REITs and REIT-like entities are categorized in separate factor buckets [1] - A single issuer cap of 4% is enforced at reconstitution, with a reduction if a securities-industry issuer exceeds 4.75% between reconstitutions [1] - The index undergoes semi-annual reconstitution and rebalancing [1]

Core Insights - The John Hancock High Yield ETF (JHHY) aims to maximize current income from USD-denominated below-investment-grade corporate bonds while maintaining characteristics similar to the U.S. high-yield market [1] Investment Strategy - The ETF invests at least 80% of net assets in bonds rated BB–D/Ba–D or unrated equivalents at the time of purchase, covering both U.S. and foreign corporate issuers [1] - There is no average-maturity limit for the portfolio, allowing for flexibility in bond selection [1] Portfolio Construction - The portfolio construction combines top-down sector and interest-rate positioning with bottom-up fundamental analysis and relative-value assessments [1] - The ETF typically targets over 400 positions to ensure high diversification and aims for risk traits comparable to the ICE BofA U.S. High Yield Constrained Index [1] Risk Management - Derivatives such as credit default swaps and foreign-currency swaps may be utilized for risk management, efficient exposure, and return enhancement [1] - The creation and redemption process may be cash-based, which can influence tax efficiency and turnover [1]

John Hancock Multifactor Developed International ETF (JHMD US) – Portfolio Construction MethodologyThe underlying John Hancock Dimensional Developed International Index offers developed-markets (ex-U.S. and ex-Canada) exposure emphasizing smaller size, lower relative price, and higher profitability. Eligible securities are generally those in the top ~85% of each country by market cap and the top ~90% across all eligible countries at reconstitution. Starting from free-float-adjusted market-cap weights, the i ...

Core Insights - The John Hancock Dimensional Large Cap Index targets U.S. equities with market caps larger than the 801st company, forming a large-cap subset from a broad U.S. universe [1] - Eligible stocks are evaluated based on size (free-float market cap), relative price (P/B), and profitability (operating income/book), with a focus on smaller, cheaper, and more profitable names while managing sector exposure [1] - The index is reconstituted and rebalanced semiannually, applying liquidity and investability screens typical for large-cap constituents, with measures to reduce turnover and avoid single-name concentration [1] Portfolio Construction Methodology - Stocks with the weakest profitability and highest relative prices are underweighted or excluded, while lower-momentum names may be de-emphasized [1] - Constituents are float-adjusted and capped to ensure no single issuer exceeds 4% at rebalance, helping to avoid concentration risk [1] - The methodology includes sector-by-sector tilts to maintain a balanced exposure across different sectors [1]

John Hancock Multifactor Mid Cap ETF (JHMM US) – Portfolio Construction MethodologyThe underlying John Hancock Dimensional Mid Cap Index targets U.S. operating companies whose market caps rank from the 200th to the 951st largest at reconstitution, drawn from a free-float-adjusted universe of NYSE, NYSE American, and NASDAQ Global Market listings. Constituents are weighted by free-float market cap after systematic tilts: within the eligible set, smaller companies, lower relative price (typically lower P/B), ...