Overview
- Portland General Electric agreed to acquire the Chehalis 477 MW gas plant, the Goodnoe Hills 94 MW wind facility, the Marengo I and II 234 MW wind farms, and roughly 4,500 miles of lines over 2,700 square miles.
- PGE would add about 140,000 Washington customers, extending service into parts of eastern and central Washington.
- Manulife Infrastructure Fund III will take a 49% stake in a new PGE subsidiary that will hold the Washington utility business.
- PGE expects roughly a 12‑month state and federal review and says acquisition costs will not affect customer rates, with current Washington employees retained and labor agreements honored.
- PacifiCorp frames the sale as a step to stabilize finances and simplify operations given wildfire litigation and diverging state policies, leaving it with no retail presence in Washington if approved.