# Portland General Electric to buy PacifiCorp Washington utility for $1.9B

Portland General Electric agreed to acquire PacifiCorp's Washington electric utility operations and select generation assets for $1.9 billion in cash, partnering with Manulife Investment Management as a minority joint venture owner.

- Type: Acquisition
- Announced: 2026-02-17
- Where: Washington, United States
- Value: $1.90B
- Status: announced
- Products: electric utility operations, generation assets
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [PacifiCorp](https://endata.com/companies/35401.md) (target)
- [Manulife Investment Management](https://endata.com/companies/64083.md) (investor)
- [Portland General Electric](https://endata.com/companies/90392.md) (acquirer)

## Sources

- [stocktitan.net](https://www.stocktitan.net/sec-filings/POR/8-k-portland-general-electric-co-or-reports-material-event-50b746b96dee.html), 2026-02-17: "PGE plans to buy PacifiCorp's Washington utility for $1.9 billion, adding about 140,000 customers and roughly 800 MW of generation."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.