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Portland General Electric announces acquisition of Washington state utility operations and select assets from PacifiCorp, 2025 financial results and initiates 2026 earnings guidance
Portland General Electric Company (NYSE: POR) today announced an agreement to acquire select Washington state generation, transmission and electric utility operations from PacifiCorp for $1.9 billion, representing a purchase price multiple of 1.4x estimated 2026 rate base. 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. PGE expects accretion i
About this update from Pge Polska Grupa Energetyczna S.a.
[{"type":"list","items":[{"val":[{"type":"text","content":"PGE partners with Manulife Investment Management for acquisition of PacifiCorp's Washington utility operations for $1.9 billion","length":131,"tagName":"p"}]},{"val":[{"type":"text","content":"Reached agreements to construct two solar and battery hybrid projects for a total of 615 MW, with 425 MW Company-owned","length":118,"tagName":"p"}]},{"val":[{"type":"text","content":"Initiating 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted share and reaffirming 5% to 7% long-term earnings per share growth ","length":139,"tagName":"p"}]},{"val":[{"type":"text","content":"Full-year 2025 GAAP financial results of $2.77 per diluted share; full-year 2025 non-GAAP adjusted financial results of $3.05 per diluted share, reflecting 14% year-over-year industrial demand growth, offset by historic fourth quarter weather that reduced earnings by 17 cents","length":276,"tagName":"p"}]},{"val":[{"type":"text","content":"PGE to host a conference call and webcast today, February 17, at 8:00am Eastern Time","length":84,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":748,"olType":false},{"type":"text","content":"PORTLAND, Ore., Feb. 17, 2026 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today announced an agreement to acquire select Washington state generation, transmission and electric utility operations from PacifiCorp for $1.9 billion, representing a purchase price multiple of 1.4x estimated 2026 rate base. 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. PGE expects accretion in the first full year upon closing and overall enhancement of PGE's long-term EPS and dividend growth from the transaction.","length":673,"tagName":"p"},{"type":"text","content":""We are excited for the opportunity to continue to grow, expanding into Washington and building upon PGE's foundation of operational excellence and customer service," said Maria Pope, president and CEO. "We look forward to our partnership with Manulife Investment Management, who brings a track record of investment success across the utility sector and Pacific Northwest agriculture and timberland industries."","length":435,"tagName":"p"},{"type":"...