Portland General Electric Co. has 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 megawatts), the Goodnoe Hills wind facility (94 megawatts) and the Marengo I and II wind facilities (234 megawatts). 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 labo
