Utility Dive•6 days ago
PGE in $1.9B deal to buy PacifiCorp’s Washington utility operations
Key Takeaway
PGE's $1.9B acquisition of PacifiCorp's Washington assets opens significant opportunities for clean energy developers and large power consumers in the region, driven by new transmission and resilience investments.
AI Summary
- •Portland General Electric (PGE) is acquiring PacifiCorp's Washington utility operations in a $1.9 billion deal.
- •The acquisition is projected to create new investment opportunities in system resilience, transmission infrastructure, and clean energy projects.
- •PGE expects to gain new large load customers through this transaction, signaling potential for developers and energy-intensive businesses.
- •This M&A activity indicates a strategic move by PGE to expand its footprint and enhance grid capabilities in the Pacific Northwest.
Topics
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